Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by ING GROEP NV. The reporting period covers holdings as of March 31, 2026. This document discloses the equity securities held by the investment manager at the end of the quarter, detailing the issuer, class of security, CUSIP, value, and voting authority.
Key Financial Metrics and Portfolio Composition
The filing provides a snapshot of the portfolio's equity exposure rather than the company's own financial performance (revenue, profit, or cash flow). Key portfolio metrics include:
- Top Holdings by Value: The largest single position is NVIDIA CORPORATION with a reported value of $1,473,672,152 (8,449,955 shares). Other significant positions include Microsoft Corp ($862,046,714), Apple Inc ($671,881,869), Alphabet Inc (Class C) ($579,408,147), and Alphabet Inc (Class A) ($552,344,385).
- Portfolio Breadth: The filing lists over 300 distinct equity positions across various sectors, including Technology, Healthcare, Financials, Energy, and Consumer Discretionary.
- Voting Authority: For all listed securities, the investment manager holds Sole voting authority. There are no reported shared or none voting authority positions.
- Derivatives: The filing indicates 0 shares for Put/Call options across all listed positions.
Material Changes and Portfolio Activity
Comparison to Prior Period: The provided text contains only the current period's holdings (March 31, 2026). It does not include the prior quarter's data (December 31, 2025) or a summary of net purchases/sales. Therefore, material changes in position size or new entries cannot be calculated from this text alone.
Notable Observations: The portfolio demonstrates a heavy concentration in large-cap technology and healthcare equities. Significant holdings in energy infrastructure (e.g., NGL Energy Partners, Western Midstream Partners) and financial services (e.g., Bank of America, JPMorgan Chase) are also present.
Guidance, Outlook, and Risks
Management Commentary: This filing is a regulatory disclosure of holdings and does not contain management commentary, forward-looking guidance, or strategic outlook for ING GROEP NV.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. No specific risk factors or contingencies related to the portfolio are detailed in this text.
Important Facts for Investor Verification
- Reporting Entity: Verify that the holdings belong to ING GROEP NV's investment management arm and not the bank's proprietary trading book, as Form 13F is specific to investment managers.
- Concentration Risk: The top 5 holdings (NVIDIA, Microsoft, Apple, Alphabet A & C) represent a substantial portion of the disclosed equity value, indicating high concentration in the technology sector.
- Valuation Date: Confirm that the values reflect market prices as of March 31, 2026, and may differ from current market values.
- Missing Data: The filing does not provide data on debt, liquidity, or cash flow for ING GROEP NV itself, nor does it show the total aggregate value of the entire portfolio (only individual line items are listed).