CIK: 0001999514
Total reported value
$241.6M
Reporting period: 2026-03-31 · Number of holdings: 333
denkapparat Operations GmbH disclosed 333 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $241.6M and a quarterly turnover rate of 49.6%.
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denkapparat Operations GmbH's disclosed holdings carry a Herfindahl concentration index of 0.004 — mathematically equivalent to about 224 equally-sized positions, close to its 333 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.70), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Add ASML
+650.7% $2.4M
Add GSK
+609.1% $1.7M
Trim MSFT
-43.5% -$807.6K
Trim MRK
-49.4% -$704.1K
Add AVGO
+278.2% $1.1M
Add NFLX
+282.9% $905.5K
Showing top 200 holdings (of 333 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ASML | ASML Holding N.V. | Stock-Tech | 1.10% | +0.94% | +650.75% | |
| 2 | ERIC | Ericsson (lm) Tel-sp Adr | Stock-Tech | 1.04% | +1.04% | NEW | |
| 3 | LOGI | Logitech International S.A. | Stock-Tech | 1.01% | +1.01% | NEW | |
| 4 | SU | Suncor Energy INC | Stock-Energy | 0.95% | +0.20% | +10.90% | |
| 5 | CB | Chubb Limited | Stock-Financials | 0.93% | +0.93% | NEW | |
| 6 | ALL | Allstate CORP | Stock-Financials | 0.91% | +0.16% | +60.13% | |
| 7 | CF | Cf Industries Holdings INC | Stock-Materials | 0.90% | +0.27% | +11.52% | |
| 8 | NVDA | Nvidia CORP | Stock-Tech | 0.88% | +0.06% | +50.70% | |
| 9 | ALV | Autoliv INC | Stock-Consumer Disc | 0.86% | +0.86% | NEW | |
| 10 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 0.86% | — | +21.95% | |
| 11 | GILD | Gilead Sciences INC | Stock-Healthcare | 0.81% | — | +19.00% | |
| 12 | GSK | Gsk Plc-spon Adr | Stock-Healthcare | 0.81% | +0.68% | +609.10% | |
| 13 | ADBE | Adobe INC | Stock-Tech | 0.80% | — | +51.98% | |
| 14 | IDCC | Interdigital INC | Stock-Tech | 0.79% | — | -13.73% | |
| 15 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 0.77% | — | -21.28% | |
| 16 | NEM | Newmont CORP | Stock-Materials | 0.75% | — | -25.61% | |
| 17 | EIX | Edison International | Stock-Utilities | 0.75% | +0.17% | +37.82% | |
| 18 | KGC | Kinross Gold CORP | Stock-Materials | 0.74% | — | — | |
| 19 | SHEL | Shell Plc-adr | Stock-Energy | 0.73% | +0.73% | NEW | |
| 20 | LRCX | Lam Research CORP | Stock-Tech | 0.73% | — | -33.47% | |
| 21 | BYD | Boyd Gaming CORP | Stock-Consumer Disc | 0.71% | — | +15.11% | |
| 22 | FIX | Comfort Systems USA INC | Stock-Industrials | 0.71% | — | — | |
| 23 | EOG | Eog Resources INC | Stock-Energy | 0.70% | +0.13% | +17.96% | |
| 24 | SNY | Sanofi-adr | Stock-Healthcare | 0.69% | +0.69% | NEW | |
| 25 | AAPL | Apple INC | Stock-Tech | 0.67% | — | +19.00% | |
| 26 | AMGN | Amgen INC | Stock-Healthcare | 0.67% | — | +20.24% | |
| 27 | CNK | Cinemark Holdings INC | Stock-Other | 0.66% | — | +17.84% | |
| 28 | APA | Apa CORP | Stock-Energy | 0.66% | +0.16% | — | |
| 29 | AVGO | Broadcom INC | Stock-Tech | 0.65% | +0.40% | +278.22% | |
| 30 | QCOM | Qualcomm INC | Stock-Tech | 0.64% | — | +16.75% | |
| 31 | KR | Kroger Co | Stock-Consumer Staples | 0.64% | +0.14% | +44.61% | |
| 32 | INCY | Incyte CORP | Stock-Healthcare | 0.63% | — | +24.22% | |
| 33 | GD | General Dynamics CORP | Stock-Industrials | 0.61% | — | +11.58% | |
| 34 | ROST | Ross Stores INC | Stock-Consumer Disc | 0.61% | +0.27% | +96.24% | |
| 35 | DVN | Devon Energy CORP | Stock-Energy | 0.61% | +0.23% | +52.78% | |
| 36 | JLL | Jones Lang Lasalle INC | Stock-Real Estate | 0.60% | — | +14.20% | |
| 37 | NOC | Northrop Grumman CORP | Stock-Industrials | 0.59% | — | +35.67% | |
| 38 | EME | Emcor Group INC | Stock-Industrials | 0.58% | — | — | |
| 39 | FOXA | Fox CORP - Class A | Stock-Comm Services | 0.56% | — | +14.29% | |
| 40 | AMAT | Applied Materials INC | Stock-Tech | 0.55% | — | -24.02% | |
| 41 | PEG | Public Service Enterprise Gp | Stock-Utilities | 0.55% | — | +24.68% | |
| 42 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.54% | +0.23% | +93.94% | |
| 43 | FE | Firstenergy CORP | Stock-Utilities | 0.54% | — | +28.80% | |
| 44 | SAM | Boston Beer Company Inc-a | Stock-Consumer Staples | 0.54% | — | +16.76% | |
| 45 | KLAC | Kla CORP | Stock-Tech | 0.53% | — | -14.14% | |
| 46 | ACI | Albertsons Cos INC - Class A | Stock-Consumer Staples | 0.52% | — | +31.41% | |
| 47 | PTC | Ptc INC | Stock-Tech | 0.52% | — | +67.55% | |
| 48 | SUNB | Sunbelt Rentals Holdings INC | Stock-Industrials | 0.52% | +0.52% | NEW | |
| 49 | MLI | Mueller Industries INC | Stock-Industrials | 0.51% | — | — | |
| 50 | LMT | Lockheed Martin CORP | Stock-Industrials | 0.51% | — | -3.85% |
Performance for Q3 2026
+2.8%
Performance Last 4 Quarters
+24.4%
Based on 78% of reported portfolio value with available pricing
denkapparat Operations GmbH's most significant position changes for 2026-03-31: New buy: Ericsson (lm) Tel-sp Adr (ERIC); New buy: Logitech International S.A. (LOGI); New buy: Chubb Limited (CB); New buy: Autoliv INC (ALV); New buy: Shell Plc-adr (SHEL).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ASML | ASML Holding N.V. | +0.9% | +650.75% | Add |
| 2 | GSK | Gsk Plc-spon Adr | +0.7% | +609.10% | Add |
| 3 | AVGO | Broadcom INC | +0.4% | +278.22% | Add |
| 4 | NFLX | Netflix INC | +0.3% | +282.91% | Add |
| 5 | TIGO | Millicom International Cellular S.A. | +0.3% | +224.68% | Add |
| 6 | CF | Cf Industries Holdings INC | +0.3% | +11.52% | Add |
| 7 | ROST | Ross Stores INC | +0.3% | +96.24% | Add |
| 8 | DVN | Devon Energy CORP | +0.2% | +52.78% | Add |
| 9 | JNJ | Johnson & Johnson | +0.2% | +93.94% | Add |
| 10 | SU | Suncor Energy INC | +0.2% | +10.90% | Add |
| 11 | PNC | Pnc Financial Services Group | +0.2% | +127.93% | Add |
| 12 | HIG | Hartford Insurance Group INC | +0.2% | +141.71% | Add |
| 13 | EA | Electronic Arts INC | +0.2% | +137.86% | Add |
| 14 | LNG | Cheniere Energy INC | +0.2% | +85.68% | Add |
| 15 | EIX | Edison International | +0.2% | +37.82% | Add |
| 16 | ALL | Allstate CORP | +0.2% | +60.13% | Add |
| 17 | APA | Apa CORP | +0.2% | — | Unchanged |
| 18 | KR | Kroger Co | +0.1% | +44.61% | Add |
| 19 | EOG | Eog Resources INC | +0.1% | +17.96% | Add |
| 20 | NVDA | Nvidia CORP | +0.1% | +50.70% | Add |
| 21 | MRK | Merck & Co. INC. | -0.5% | -49.35% | Trim |
| 22 | MSFT | Microsoft CORP | -0.5% | -43.51% | Trim |
| 23 | ERIC | Ericsson (lm) Tel-sp Adr | — | NEW | New buy |
| 24 | LOGI | Logitech International S.A. | — | NEW | New buy |
| 25 | CB | Chubb Limited | — | NEW | New buy |
| 26 | ALV | Autoliv INC | — | NEW | New buy |
| 27 | SHEL | Shell Plc-adr | — | NEW | New buy |
| 28 | SNY | Sanofi-adr | — | NEW | New buy |
| 29 | SUNB | Sunbelt Rentals Holdings INC | — | NEW | New buy |
| 30 | SAP | Sap Se-sponsored Adr | — | NEW | New buy |
| 31 | TTE | Totalenergies Se | — | NEW | New buy |
| 32 | HAL | Halliburton Co | — | NEW | New buy |
| 33 | HO1 | Hologic INC | — | NEW | New buy |
| 34 | PEP | Pepsico INC | — | NEW | New buy |
| 35 | FCX | Freeport-mcmoran INC | — | EXIT | Sold out |
| 36 | TRV | Travelers Cos Inc/the | — | NEW | New buy |
| 37 | UPS | United Parcel Service-cl B | — | NEW | New buy |
| 38 | GM | General Motors Co | — | EXIT | Sold out |
| 39 | MRVL | Marvell Technology INC | — | NEW | New buy |
| 40 | NOK | Nokia Corp-spon Adr | — | NEW | New buy |
| 41 | DINO | Hf Sinclair CORP | — | NEW | New buy |
| 42 | PARR | Par Pacific Holdings INC | — | NEW | New buy |
| 43 | WTW | Willis Towers Watson Public Limited Company | — | NEW | New buy |
| 44 | C | Citigroup INC | — | EXIT | Sold out |
| 45 | D | Dominion Energy INC | — | EXIT | Sold out |
| 46 | CRTO | Criteo Sa-spon Adr | — | NEW | New buy |
| 47 | NXPI | NXP Semiconductors N.V. | — | NEW | New buy |
| 48 | VRSN | Verisign INC | — | NEW | New buy |
| 49 | WWD | Woodward INC | — | NEW | New buy |
| 50 | SWKS | Skyworks Solutions INC | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-11 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-12 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-07 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-08 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-08 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-12 | 13F-HR | View on EDGAR |
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