Parqet Wrapped 2025: What the Data Shows
Parqet is a German portfolio tracking platform that aggregates transaction history, dividend income and total return across multiple broker accounts. The "Wrapped" year-end summary provides a transparent look at what actually happened in the portfolio — not what was expected, but what was delivered in dividends, position changes and total return.
Key Highlights: 2025 Hard Asset Portfolio
2025 was a strong year for hard asset dividend investors who stayed the course. Key sector outcomes:
- Shipping (LPG, Tanker, Dry Bulk): VLGC rates averaged above $50,000/day for much of 2025, enabling BW LPG, Dorian LPG, and CMB.Tech to pay substantial dividends and special distributions.
- Mining (Gold, Copper, Coal): Gold broke $3,000/oz and continued higher, benefiting gold miners. Copper prices held elevated on AI data center demand narratives. Thungela delivered high coal dividends.
- REITs & Midstream: Pipeline stocks (Enbridge, Pembina, TC Energy) provided steady 6-8% yields. REITs lagged as rate uncertainty weighed on valuations — but AFFO payouts continued.
Yield on Cost: The True Measure
For positions held 2+ years, the YOC (YOC Calculator) on original purchase prices is significantly higher than the current yield shown on financial platforms. Parqet's average cost basis tracking makes this visible: when you see your average cost vs. current annual dividend, the YOC at original cost becomes your real annual return. Calculate your YOC →
Looking Ahead to 2026
The core positions entering 2026: CMB.Tech (~3.7% of portfolio, largest public position), TORM, Dorian LPG, BHP, Thungela. Focus remains on YOC ≥8% and durable free cash flow generation. Full hard asset strategy → | Best Tanker Stocks 2026 →
Parqet vs. Broker Reporting: What's Different
Parqet aggregates data from multiple broker accounts (Scalable Capital, Trade Republic, Interactive Brokers) via transaction imports. This unified view is essential for a diversified dividend portfolio because no single broker shows the complete picture. (see also: Debitum P2P review) Key advantages:
- Cost basis averaging: Parqet tracks weighted average cost across all buys, giving the real YOC figure (not the current broker screen yield).
- Dividend history: All historical dividends per position, totaled annually — what actually hit the account, not projected yields.
- Multi-currency handling: Essential for portfolios with NOK (Norwegian tankers/energy), USD (US stocks), AUD (Australian miners) and EUR positions.
THESIS: Parqet is probably the best free tool for European/German hard asset dividend investors in 2026. The tax reporting features (German tax forms) and broker integrations (Scalable Capital, Trade Republic especially) make it a significant time-saver for investors with multiple accounts.
2025 Dividend Recap: The Numbers That Mattered
For a hard asset dividend portfolio, the key output is not price return but dividend income received. In 2025, the core positions delivered:
- Shipping (LPG, Tankers, Bulk): Above-expectation dividends from CMB.Tech, BW LPG, Dorian LPG in H1 2025 (strong VLGC/VLCC rates). H2 rate normalization reduced variable components, but total 2025 shipping dividend income remained strong.
- Mining: Gold above $2,400 throughout most of 2025 = Barrick, AngloGold, B2Gold all paid substantial dividends. Coal stocks (Thungela, Exxaro) continued paying despite thermal coal price softening — the cost base is low enough for durability.
- Upstream Energy: Devon Energy, Aker BP, Equinor variable dividends tracked oil prices closely. Q2 2025 oil strength meant strong Q3 dividends; Q4 was more modest.
The Parqet Wrapped summary is a powerful accountability tool: it shows whether the dividend thesis delivered in cash, not just on paper. More details: January 2026 Portfolio Update | YOC Calculator | YOC Explained
How to Use Parqet for Dividend Portfolio Tracking
If you are a European dividend investor managing a hard asset portfolio across multiple brokers, here is a step-by-step approach to get the most from Parqet:
- Connect your brokers: Parqet supports Trade Republic, Scalable Capital, comdirect, ING and many others via CSV export or direct connection. Import all historical transactions for accurate cost basis.
- Enable dividend tracking: In the portfolio view, the "Dividends" tab shows total income per year, per position. This is your real income statement — not the projected yield shown on financial sites.
- Calculate YOC manually: Parqet shows your average cost per share. Divide the most recent annual dividend by your average cost × 100 = your real YOC. Alternatively, use the free YOC Calculator at MB Capital Strategies Global.
- Use the DRIP simulation: The reinvestment calculator shows how your position grows if you reinvest all dividends. Over 10-20 years, the compounding effect is the primary driver of total return for high-yield dividend investors.
- Generate tax reports: For German investors, Parqet can generate the Anlage KAP pre-filled data — a significant time-saver at year-end.
Sector Breakdown: What Actually Worked in 2025
| Sector | 2025 Outcome | Key Drivers |
|---|
| Shipping (LPG, Tanker) | Strong H1, normalized H2 | VLGC rates >$50K/day H1; product tanker margins held |
| Gold Mining | Exceptional | Gold >$2,400 sustained; AISC margin expanded for low-cost miners |
| Coal Mining (Thungela) | Strong dividend, soft price | Thungela/Exxaro: low AISC = dividends despite coal price normalization. See also: BHP Jansen $2.3B writedown |
| Midstream Pipelines | Steady 6-8% yield | Enbridge, TC Energy: take-or-pay contracts; rate hike immunity |
| REITs | Lagged | Rate uncertainty weighed on valuations; AFFO payouts continued |
The lesson from 2025: dividend income was largely delivered as expected or above in hard asset sectors. Price volatility in shipping stocks masked the income reality — the total return (price + dividends) for long-term holders exceeded the perception. Parqet's wrapped data makes this visible. For 2026, the same structural case holds: FLEX LNG Q1 2026 Analysis | Best Tanker Stocks | Understanding TCE Rates.
2026 Outlook: What the Parqet Data Tells Us About Next Year
Looking at the 2025 Parqet Wrapped data, several portfolio conclusions emerge for 2026:
- Position concentration matters: CMB.Tech became the largest public position (~3.7%) not through additional buying but through NAV appreciation + dividend reinvestment. This is the compounding machine at work — high-yield + price stability = growing position weight over time.
- Variable dividends require expectation management: Shipping dividends (TORM, CMB.Tech, BW LPG) varied quarter-to-quarter with TCE rates. The Parqet dividend calendar helps plan actual cash flows — not just projected yields from financial platforms. For real income planning, actual Q1-Q4 dividends received matter more than the headline yield.
- Sector diversification within hard assets: The portfolio showed that shipping (high but variable), gold miners (less variable, growing), coal (high yield but under structural pressure) and REITs (stable monthly) complement each other. No single sector delivered perfect results — but together, the income was durable.
Parqet Wrapped vs. Broker Year-End Reports: Key Differences
If you use multiple brokers (Trade Republic, Scalable Capital, Interactive Brokers), the Parqet Wrapped annual summary is more useful than any single broker year-end statement because:
- Multi-currency dividend aggregation: Dividends received in NOK, AUD, USD and EUR are all aggregated into one EUR total — the real income number for German tax purposes.
- True cost basis across partial buys: Most brokers show current position value but not your blended average cost. Parqet shows the weighted average across all buys — enabling real YOC calculation. Calculate your real YOC →
- Reinvestment tracking: Did you reinvest dividends manually? Parqet shows exactly which buy transactions were funded by incoming dividends (if you record them as "DRIP" transactions). The compounding story becomes visible in the data.
- Peer benchmarking: Parqet's public portfolio features allow comparing your hard asset strategy with other German dividend investors. This is qualitative benchmark data — useful for reality-checking whether your shipping/mining allocation is reasonable vs. the wider community.
For 2026, the Parqet data infrastructure becomes even more useful as special dividends from shipping stocks become harder to forecast. CMB.Tech pays quarterly variable dividends — only actual received amounts in Parqet reflect the real income story. The forward yield shown on Bloomberg or Yahoo Finance is always a trailing estimate.
Tax Efficiency: What the 2025 Parqet Data Shows
For German investors, 2025 was the first full year under the new withholding tax offset rules for Norwegian stocks. Shipping stocks listed on Oslo Børs (TORM, FLEX LNG, Höegh Autoliners, Frontline) pay Norwegian dividends subject to 15% withholding tax — which is 10 percentage points below the standard Norwegian rate. Parqet tracks withholding taxes per dividend received, which feeds directly into your German tax filing (Anlage KAP, Zeile 15ff). The net dividend income after all withholding taxes is what matters for YOC and cashflow planning. YOC explained: how withholding taxes affect real yield →
Disclaimer: For informational purposes only. Not investment advice. Portfolio positions mentioned reflect the author's personal holdings; not a recommendation to buy or sell.
