B. Metzler seel. Sohn & Co. AG

New 13F: Q3 2026

B. Metzler seel. Sohn & Co. AG filed its 13F for the quarter ended Sep 30, 2026 on Oct 30, 2026: $6.1B in AI and semiconductor stocks; $265.0M bought and $398.8M sold against its previous quarter, at the quarter's prices.

• trimmed Palo Alto Networks (PANW): -$255.2M at the quarter's price
• added to Micron (MU): +$140.9M at the quarter's price
• trimmed Texas Instruments (TXN): -$27.6M at the quarter's price
• added to Broadcom (AVGO): +$26.4M at the quarter's price
• trimmed AMD (AMD): -$20.4M at the quarter's price
• trimmed Apple (AAPL): -$19.3M at the quarter's price
• added to Applied Materials (AMAT): +$13.0M at the quarter's price
• trimmed Amphenol (APH): -$11.5M at the quarter's price
• trimmed Alphabet (GOOGL): -$10.1M at the quarter's price
• added to Microsoft (MSFT): +$9.8M at the quarter's price

B. Metzler seel. Sohn & Co. AG declares $5.9B in 108 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 50.7% of its $11.6B 13F portfolio. Largest positions: Alphabet (0.02% of the company) and NVIDIA (0.02% of the company). Over time: $5.9B in 108 of these companies for Q2 2026, against $2.9B in 82 for Q4 2021 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $294.9M and sold $684.5M of these stocks, at the quarter's prices: a net sale of $389.6M; 5 new positions and 3 sold out.

Performance of its AI picks

The AI-stock portfolio B. Metzler seel. Sohn & Co. AG declared for Q2 2026 (Form 13F), held unchanged, returned +5.9% in Q3 2026 (SMH -7.1%), ranked 449 of 1,785 active managers. Over the last 12 months, quarter after quarter: +29.0% (SMH +87.2%), ranked 658 of 1,360 active managers. Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

1. Alphabet (GOOGL): $753.6M, 2.1M shares, 0.02% of the company, 6.5% of its portfolio (trimmed this quarter); held since Q4 2021
2. NVIDIA (NVDA): $733.3M, 3.7M shares, 0.02% of the company, 6.3% of its portfolio (trimmed this quarter); held since Q4 2021
3. Apple (AAPL): $711.7M, 2.5M shares, 0.02% of the company, 6.1% of its portfolio (added this quarter); held since Q4 2021
4. Amazon (AMZN): $540.8M, 2.3M shares, 0.02% of the company, 4.7% of its portfolio (trimmed this quarter); held since Q4 2021
5. Microsoft (MSFT): $485.1M, 1.3M shares, 0.02% of the company, 4.2% of its portfolio (trimmed this quarter); held since Q4 2021
6. Broadcom (AVGO): $329.3M, 871,867 shares, 0.02% of the company, 2.8% of its portfolio (added this quarter); held since Q4 2021
7. Palo Alto Networks (PANW): $266.1M, 780,246 shares, 0.10% of the company, 2.3% of its portfolio (trimmed this quarter); held since Q4 2021
8. Meta Platforms (META): $244.9M, 434,801 shares, 0.02% of the company, 2.1% of its portfolio (trimmed this quarter); held since Q1 2022
9. TSMC (TSM): $221.8M, 464,509 shares, 0.01% of the company, 1.9% of its portfolio (trimmed this quarter); held since Q4 2021
10. AMD (AMD): $164.9M, 283,925 shares, 0.02% of the company, 1.4% of its portfolio (trimmed this quarter); held since Q4 2021
11. Micron (MU): $114.7M, 99,397 shares, 0.01% of the company, 0.99% of its portfolio (trimmed this quarter); held since Q4 2021
12. Applied Materials (AMAT): $101.8M, 140,817 shares, 0.02% of the company, 0.88% of its portfolio (added this quarter); held since Q4 2021
13. Amphenol (APH): $97.3M, 1.1M shares, 0.04% of the company, 0.84% of its portfolio (trimmed this quarter); held since Q4 2021
14. Cisco (CSCO): $95.0M, 809,027 shares, 0.02% of the company, 0.82% of its portfolio (trimmed this quarter); held since Q4 2021
15. Lam Research (LRCX): $88.5M, 204,254 shares, 0.02% of the company, 0.76% of its portfolio (added this quarter); held since Q4 2021

By sector

• Cloud & AI giants: $2.7B, 47% of its AI holdings, 6 companies
• Chips & compute: $1.7B, 29% of its AI holdings, 16 companies
• AI software: $406.5M, 7% of its AI holdings, 19 companies
• Power, electrical & cooling: $266.7M, 5% of its AI holdings, 30 companies
• Equipment & test: $254.6M, 4% of its AI holdings, 10 companies
• Interconnect: $248.7M, 4% of its AI holdings, 5 companies
• Memory & storage: $175.8M, 3% of its AI holdings, 4 companies
• Servers & systems: $40.7M, 1% of its AI holdings, 6 companies
• Neoclouds & data centers: $30.3M, 1% of its AI holdings, 8 companies
• Optics: $17.6M, 0% of its AI holdings, 4 companies

Biggest changes this quarter

• trimmed Microsoft (MSFT): -$139.2M at the quarter's price
• added to Apple (AAPL): +$98.4M at the quarter's price
• trimmed Amazon (AMZN): -$87.0M at the quarter's price
• added to Broadcom (AVGO): +$70.2M at the quarter's price
• trimmed Micron (MU): -$70.2M at the quarter's price
• trimmed Alphabet (GOOGL): -$64.5M at the quarter's price
• trimmed Meta Platforms (META): -$60.0M at the quarter's price
• trimmed Palo Alto Networks (PANW): -$58.4M at the quarter's price
• trimmed NVIDIA (NVDA): -$47.4M at the quarter's price
• added to Lam Research (LRCX): +$26.4M at the quarter's price

Other holders of this size

• Blackstone Inc.: $5.9B in 78 of these companies
• &PARTNERS: $5.9B in 160 of these companies
• TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY: $5.9B in 166 of these companies
• PINEBRIDGE INVESTMENTS LLC: $6.0B in 113 of these companies
• ABN AMRO INVESTMENT SOLUTIONS: $5.8B in 108 of these companies
• Clal Insurance Enterprises Holdings Ltd: $6.1B in 51 of these companies
• Erste Asset Management GmbH: $5.8B in 87 of these companies
• Empowered Funds, LLC: $6.1B in 164 of these companies

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