In the second quarter of 2023, Commerzbank made numerous changes to its custody account for US investments and added a number of new companies to its portfolio.
Institutional investors holding more than $100 million in investments are required to file quarterly disclosures with the US Securities and Exchange Commission (SEC). This rule also applies to Commerzbank’s US holdings.
The following ranking presents the top ten US stocks that account for the largest share in Commerzbank’s portfolio. The data is current as of June 30, 2023.
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11th place: The ranking
The US Securities and Exchange Commission (SEC) requires institutional investors whose investments exceed 100 million US dollars to disclose their stock investments on a quarterly basis using the 13F form. This also includes Commerzbank’s US investments with a custody account value of around USD 814.61 million. Listed below are the ten largest US positions held in Commerzbank’s portfolio in the second quarter. They are graded according to percentage in the portfolio. The data is current as of June 30, 2023.
Source: sec.gov, Image: Frank Gaertner / Shutterstock.com
10th place: Workday
In the second quarter of the year, Commerzbank added Workday to its portfolio and the software provider’s stocks made it directly into the top ten holdings. Commerzbank bought 69,445 shares of Workday valued at around $15.69 million as of the June 30 reporting date. The papers came to 1.93 percent of the entire depot.
Source: sec.gov, Image: Workday
9th place: Newmont Mining
The US mining company Newmont Mining follows in ninth place. Commerzbank significantly increased its stake in Newmont Mining in the second quarter and bought 367,738 shares. As of the end of June, she owned 385,238 shares of Newmont Mining worth approximately $16.43 million. This position made up 2.02 percent of the total portfolio.
Source: sec.gov, Image: Newmont Mining Corp.
8th place: T-Mobile US
Deutsche Telekom subsidiary T-Mobile US made it to number eight among Commerzbank’s largest US holdings in the past quarter, falling one position compared to the previous quarter. Commerzbank bought 10,216 shares between April and June. As of the reporting date, there were 242,530 T-Mobile US shares in the portfolio, which were worth around USD 33.69 million and accounted for 4.14 percent of the portfolio.
Source: sec.gov, Image: Tupungato / Shutterstock.com
7th place: Palo Alto Networks
A stake in Palo Alto Networks was also added in the second quarter. Commerzbank bought 155,061 shares of Palo Alto Networks worth $39.62 million as of June 30. With a depot share of 4.86 percent, the investment made it straight to seventh place.
Source: sec.gov, Image: Michael Vi / Shutterstock.com
6th place: PayPal
Payments service provider PayPal, which ranked third in the first quarter, fell to sixth place among the largest US holdings, although Commerzbank also increased that position. In the second quarter of 2023, another 118,772 PayPal shares found their way into the portfolio. The 1,061,939 shares held at the end of June were worth around $70.86 million at the time. The proportion of the total portfolio was 8.7 percent.
Source: sec.gov, Image: Ken Wolter / Shutterstock.com
5th place: Cisco
Commerzbank has also significantly increased its stake in Cisco. In the second quarter, 1,334,603 Cisco shares were added, so that there were 1,370,986 papers in the portfolio as of the reporting date. At that time, the shares were worth around 70.94 million US dollars and accounted for 8.71 percent of the entire portfolio. That means number five for Cisco.
Source: sec.gov, Image: Katherine Welles / Shutterstock.com
4th place: Visa
Visa is another new investment in fourth place. Commerzbank took 320,465 shares into its portfolio in the second quarter, which were worth around 76.1 million US dollars at the end of June and accounted for 9.34 percent of the entire portfolio.
Source: sec.gov, Image: Olga Kolos / Shutterstock.com
3rd place: Comcast
The podium opened in the second quarter of the cable network operator Comcast. Commerzbank bought 36,088 Comcast shares from April to June. As of the reporting date, there were 1,844,703 shares worth around 76.65 million US dollars in the portfolio, which accounted for 9.41 percent of the financial house’s entire US portfolio.
Source: sec.gov, Image: Comcast
2nd place: Deutsche Bank
The ADRs traded on the NYSE by Commerzbank’s competitor Deutsche Bank are also among the financial house’s largest US holdings. In the second quarter, however, Commerzbank reduced its position: it sold 659,878 shares, so that as of the reporting date there were still 7,894,319 securities in the portfolio, which were worth around USD 83.13 million. This brings the participation to a share of 10.20 percent of the total portfolio and second place in the ranking.
Source: sec.gov, Image: Slava2009 / Shutterstock.com
1st place: Alphabet – Class A
First place with a portfolio share of 20.11 percent goes to the A shares of Google parent Alphabet in the second quarter of 2023. Commerzbank bought 1,339,878 shares in the past quarter, so that there were 1,368,452 shares in the portfolio at the end of June. These were worth around $163.8 million and accounted for 20.11 percent of the total portfolio.
Source: sec.gov, Image: Fenixx666 / Shutterstock.com
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