Deutsche Bank Portfolio holdings

AUM $271B

1-Year Return 23.01%

Deutsche Bank AG, founded in 1870 to finance German exports and headquartered in Frankfurt, Germany, is a leading global investment bank with a significant presence in commercial banking, wealth management, and asset management, managing billions in assets across Europe, the Americas, and Asia. Known for its expertise in trading, corporate finance, and mergers and acquisitions, it serves corporations, governments, and institutional clients, though it has faced challenges, including hefty fines and restructuring efforts following the 2008 financial crisis and subsequent scandals. Under CEO Christian Sewing since 2018, the bank has shifted focus toward cost-cutting, digital transformation, and strengthening its core European operations, while its asset management arm, DWS, oversees hundreds of billions in investments. Despite a turbulent past, Deutsche Bank remains a key player in global finance, balancing its legacy with efforts to adapt to a rapidly evolving industry.

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Return

+4.35%

1 Year Return

+23.01%

3 Year Return

+90.62%

5 Year Return

+171.03%

10 Year Return

+392.19%

AUM

$141B

AUM Growth

+$8.87B (+6.7%)

Cap. Flow

+$3.73B

Cap. Flow % of AUM

2.64%

Top 10 Holdings % Top 10 Hldgs %

10.03%

Holding

5,205

New

275

Increased

2,289

Reduced

1,839

Closed

179

Top Buys

1	Berkshire Hathaway Class B BRK.B	+$389M
2	S&P Global SPGI	+$388M
3	Apple AAPL	+$347M
4	STJ St Jude Medical STJ	+$327M
5	Alphabet (Google) Class C GOOG	+$234M

Top Sells

1	TWC TIME WARNER CABLE INC NEW COM STK TWC	+$667M
2	SHPG Shire pic SHPG	+$410M
3	MHFI MCGRAW-HILL FINANCIAL INC COM MHFI	+$324M
4	Pfizer PFE	+$266M
5	Deutsche Bank DB	+$211M

Sector Composition

1	Healthcare	12.42%
2	Technology	11.48%
3	Financials	10.62%
4	Consumer Staples	8.93%
5	Real Estate	8.78%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
2876	2876 Aclaris Therapeutics ACRS $199M	$671K	﹤0.01%	36,377 +35,513	+4,110%	+$655K
2877	2877 OneSpan OSPN $596M	$671K	﹤0.01%	41,031 -23,245	-36%	-$380K
2878	JASO 2878 DELISTED JA Solar Holdings, Co., Ltd JASO	$671K	﹤0.01%	98,067 -2,910	-3%	-$19.9K
2879	CPAC 2879 Cementos Pacasmayo CPAC $595M	$670K	﹤0.01%	60,138 -55,612	-48%	-$620K
2880	MFLX 2880 DELISTED MULTI-FINELINE ELECTRONIX INC MFLX	$668K	﹤0.01%	28,897 -12,644	-30%	-$292K
2881	RAVN 2881 DELISTED Raven Industries Inc RAVN	$666K	﹤0.01%	35,221 -11,624	-25%	-$220K
2882	2882 Kemper KMPR $3.3B	$665K	﹤0.01%	21,550 +11,019	+105%	+$340K
2883	2883 Gaia GAIA $155M	$660K	﹤0.01%	85,517 +73,221	+595%	+$565K
2884	2884 Star Group SGU $386M	$657K	﹤0.01%	74,102 +58,007	+360%	+$514K
2885	FBNK 2885 DELISTED First Connecticut Bancorp, Inc FBNK	$657K	﹤0.01%	39,800 +16,929	+74%	+$279K
2886	BSL 2886 Blackstone Senior Floating Rate 2027 Term Fund BSL $184M	$656K	﹤0.01%	41,324 +14,757	+56%	+$234K
2887	CMRX 2887 DELISTED Chimerix, Inc. CMRX	$653K	﹤0.01%	166,804 +14,604	+10%	+$57.2K
2888	2888 Core Molding Technologies CMT $186M	$651K	﹤0.01%	47,805 +37,048	+344%	+$505K
2889	OLP 2889 One Liberty Properties OLP $498M	$651K	﹤0.01%	27,353 +16,359	+149%	+$389K
2890	2890 Arbutus Biopharma ABUS $868M	$650K	﹤0.01%	186,993 +99,920	+115%	+$347K
2891	PPP 2891 DELISTED Primero Mining Corp PPP	$650K	﹤0.01%	313,129 +224,142	+252%	+$465K
2892	CYBE 2892 DELISTED Cyberoptics Corp CYBE	$646K	﹤0.01%	43,131 +35,186	+443%	+$527K
2893	NGHC 2893 DELISTED National General Holdings Corp NGHC	$642K	﹤0.01%	30,013 +6,538	+28%	+$140K
2894	2894 MarineMax HZO $562M	$640K	﹤0.01%	37,838 -27,615	-42%	-$467K
2895	CLD 2895 DELISTED Cloud Peak Energy Inc CLD	$640K	﹤0.01%	311,187 +189,500	+156%	+$390K
2896	EBSB 2896 DELISTED Meridian Bancorp, Inc. EBSB	$637K	﹤0.01%	43,235 +34,784	+412%	+$512K
2897	2897 Perdoceo Education PRDO $2.27B	$636K	﹤0.01%	107,099 -67,684	-39%	-$402K
2898	2898 Ocular Therapeutix OCUL $2.18B	$634K	﹤0.01%	128,187 +28,558	+29%	+$141K
2899	2899 Golden Entertainment GDEN $640M	$632K	﹤0.01%	54,144 +5,686	+12%	+$66.4K
2900	EIM 2900 Eaton Vance Municipal Bond Fund EIM $515M	$631K	﹤0.01%	44,600 -18,200	-29%	-$257K