Allianz Asset Management Portfolio holdings

Allianz Asset Management's Q4 2019 Portfolio in Review

As of Q4 2019, Allianz Asset Management held 2,940 positions worth $110B, up 7.4% from $102B the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Allianz Asset Management withdrew a net $10.5B in Q4 2019, closing 184 positions and reducing 1,246 holdings. Its most notable exit was Celgene Corp, an estimated $93M position sold in full.

By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Allianz Asset Management opened a new position in Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A worth $278M.

• Allianz Asset Management's largest Q4 2019 buy was Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A: 235,645 shares worth $278M.
• Allianz Asset Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2019, an estimated $221M increase.
• Allianz Asset Management's biggest Q4 2019 reduction was Bank of America, cutting an estimated $256M.
• Allianz Asset Management fully exited Celgene Corp in Q4 2019, selling an estimated $93M.
• Allianz Asset Management's ten largest holdings make up 17% of its $110B portfolio in Q4 2019.
• Allianz Asset Management opened 236 new positions and closed 184 in Q4 2019.
• Allianz Asset Management's portfolio value rose 7.4% quarter-over-quarter to $110B.

Based on Allianz Asset Management's 13F filing for Q4 2019, filed 13 Feb 2020.