13F
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Erste Asset Management GmbH

13F equity value
$10.8B
Positions
890
Top 10 concentration
26.6%
Quarters / total new picks
28 / 1,118
13F equity value over time
$0M$6B$12B201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 28 quarters, returned +4.6% per quarter — versus +3.1% per quarter from simply owning every 13F stock. It beat that baseline in only 64.3% of quarters (excess t = 1.86, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+2.2%
t-stat
1.86
Quarterly win rate
64%
Annualized excess
+5.8%
$1 → follow vs universe
$3.01 vs $2.10
Cumulative return: $1 invested in new picks vs universe
1.00 20190331: universe 0.98320190630: universe 1.05620190930: universe 1.13620191231: universe 0.91620200331: universe 1.10520200630: universe 1.22020200930: universe 1.49720201231: universe 1.56520210331: universe 1.57920210630: universe 1.70520210930: universe 1.53120211231: universe 1.30320220331: universe 1.39920220630: universe 1.29620220930: universe 1.39220221231: universe 1.29320230331: universe 1.36220230630: universe 1.31320230930: universe 1.49120231231: universe 1.55720240331: universe 1.59220240630: universe 1.73720240930: universe 1.72220241231: universe 1.60720250331: universe 1.75220250630: universe 1.80720250930: universe 2.03220251231: universe 2.102 20190331: follow 0.96320190630: follow 0.98020190930: follow 1.06520191231: follow 0.82820200331: follow 0.99720200630: follow 1.11520200930: follow 1.30820201231: follow 1.17720210331: follow 1.18020210630: follow 1.30120210930: follow 1.22120211231: follow 1.06120220331: follow 1.24120220630: follow 1.18520220930: follow 1.27920221231: follow 1.18420230331: follow 1.25620230630: follow 1.29220230930: follow 1.44920231231: follow 1.57520240331: follow 1.62220240630: follow 1.95020240930: follow 2.01820241231: follow 2.05620250331: follow 2.38320250630: follow 2.58220250930: follow 3.05220251231: follow 3.006 0.76 2.03 3.30 2019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 890 · 2026 Q1

Ticker Value Weight QoQ
NVDA $524M
4.9%
ADD
AAPL $463M
4.3%
ADD
MSFT $392M
3.6%
HOLD
GOOGL $365M
3.4%
TRIM
IAU $226M
2.1%
ADD
AVGO $193M
1.8%
TRIM
META $186M
1.7%
ADD
LRCX $180M
1.7%
TRIM
AMZN $174M
1.6%
TRIM
TJX $167M
1.6%
ADD
V $164M
1.5%
TRIM
NFLX $136M
1.3%
TRIM
GOOG $136M
1.3%
ADD
KLAC $132M
1.2%
TRIM
JNJ $124M
1.1%
ADD
CSCO $121M
1.1%
ADD
PGR $111M
1.0%
TRIM
ADBE $111M
1.0%
ADD
JPM $102M
0.9%
TRIM
SPGI $91M
0.8%
TRIM

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

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Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.