1y return+19.6%S&P 500 +20.9%
3y return+51.5%S&P 500 +68.5%
5y return+42.1%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2018: $275 against $299 in the S&P 500.2
Erste Asset Management GmbHS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $673.5M | 5.2% | +9.6% |
| AAPLApple Inc | $558.6M | 4.3% | +5.6% |
| MSFTMicrosoft Corp | $512.1M | 4.0% | +27.5% |
| GOOGLAlphabet Inc | $478.0M | 3.7% | +4.2% |
| AVGOBroadcom Inc | $377.9M | 2.9% | +54.5% |
| LRCXLam Research Corp | $266.2M | 2.1% | −26.3% |
| AMZNAmazon Com Inc | $237.6M | 1.8% | +17.4% |
| VVisa Inc | $219.6M | 1.7% | +18.6% |
| KLACKla Corp | $209.9M | 1.6% | +689.9% |
| MUMicron Technology Inc | $206.1M | 1.6% | −8.2% |
| JPMJpmorgan Chase & Co | $205.5M | 1.6% | +74.3% |
| GOOGAlphabet Inc | $200.3M | 1.6% | +14.9% |
| IAUIshares Gold Tr | $198.1M | 1.5% | −1.2% |
| AMATApplied Matls Inc | $169.3M | 1.3% | −7.2% |
| METAMeta Platforms Inc | $160.8M | 1.3% | −16.1% |
| LLYEli Lilly & Co | $159.3M | 1.2% | +29.0% |
| TJXTjx Cos Inc New | $159.2M | 1.2% | −1.6% |
| NFLXNetflix Inc. | $136.9M | 1.1% | +29.7% |
| AMDAdvanced Micro Devices Inc | $133.7M | 1.0% | −9.3% |
| JNJJohnson & Johnson | $133.4M | 1.0% | +2.2% |
| CSCOCisco Sys Inc | $132.9M | 1.0% | −21.7% |
| ADSKAutodesk Inc | $110.3M | 0.9% | +57.8% |
| GLDSpdr Gold Tr | $96.5M | 0.8% | +40.1% |
| PANWPalo Alto Networks Inc | $95.4M | 0.7% | +13.8% |
| TSMTaiwan Semiconductor Manufac | $94.0M | 0.7% | −18.9% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $673.5M |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $377.9M |
| AMATApplied Matls Inc | June 30, 2020 | +1096.1% | $169.3M |
| AMDAdvanced Micro Devices Inc | June 30, 2020 | +1004.1% | $133.7M |
| PANWPalo Alto Networks Inc | June 30, 2020 | +790.9% | $95.4M |
| TSMTaiwan Semiconductor Manufac | June 30, 2020 | +741.2% | $94.0M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $159.3M |
| GEVGe Vernova Inc | June 30, 2024 | +585.0% | $81.8M |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $266.2M |
| CRWDCrowdstrike Hldgs Inc | September 30, 2020 | +455.7% | $70.5M |
Sold off last quarter
- CTRACoterra Energy Inc was $41.1M
- Masimo CorpCUSIP 574795100 was $35.5M
- TDToronto Dominion Bk Ont was $26.2M
- WPMWheaton Precious Metals Corp was $16.6M
- HSYHershey Co was $9.8M
- DOCHealthpeak Properties Inc was $6.0M
- CLXClorox Co Del was $5.8M
- CNQCanadian Nat Res Ltd Med Ter was $5.2M
- MDAMda Space Ltd was $4.6M
- TTDThe Trade Desk Inc was $4.4M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +13.0% | +14.8% |
| March 31, 2026 | −4.4% | −4.6% |
| December 31, 2025 | +2.5% | +2.4% |
| September 30, 2025 | +8.0% | +7.8% |
| June 30, 2025 | +11.3% | +10.5% |
| March 31, 2025 | −4.5% | −4.6% |
| December 31, 2024 | −1.2% | +2.1% |
| September 30, 2024 | +4.2% | +5.4% |
| June 30, 2024 | +1.9% | +4.0% |
| March 31, 2024 | +8.4% | +10.0% |
| December 31, 2023 | +12.0% | +11.2% |
| September 30, 2023 | −6.3% | −3.6% |
| June 30, 2023 | +5.9% | +8.3% |
| March 31, 2023 | +6.0% | +7.0% |
| December 31, 2022 | +7.4% | +7.1% |
| September 30, 2022 | −1.3% | −5.3% |
| June 30, 2022 | −16.2% | −16.5% |
| March 31, 2022 | −8.9% | −4.9% |
| December 31, 2021 | +6.6% | +10.7% |
| September 30, 2021 | −3.2% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Erste Asset Management GmbH Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2024532&type=13F-HR&dateb=&owner=include&count=40CIK 2024532
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/2024532/000139834426012853/Filed July 28, 2026 · accession 0001398344-26-012853