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

+8.68%

1 Year Return

+23.01%

3 Year Return

+90.62%

5 Year Return

+171.03%

10 Year Return

+392.19%

AUM

$139B

AUM Growth

+$3.63B (+2.7%)

Cap. Flow

-$7.24B

Cap. Flow % of AUM

-5.2%

Top 10 Holdings % Top 10 Hldgs %

13.8%

Holding

5,577

New

303

Increased

1,256

Reduced

3,145

Closed

416

Top Buys

1	Apple AAPL	+$1.49B
2	SPDR S&P 500 ETF Trust SPY	+$1.21B
3	VanEck Gold Miners ETF GDX	+$644M
4	Deutsche Bank DB	+$590M
5	Invesco QQQ Trust QQQ	+$342M

Top Sells

1	DELL DELL INC DELL	+$622M
2	McDonald's MCD	+$596M
3	iShares Russell 2000 ETF IWM	+$574M
4	Alphabet (Google) Class C GOOG	+$470M
5	HES Hess HES	+$420M

Sector Composition

1	Technology	11.42%
2	Financials	10.71%
3	Healthcare	10.53%
4	Energy	10.22%
5	Industrials	8.06%

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
1026	1026 JB Hunt Transport Services JBHT $13.5B	$15.7M	0.01%	202,634 -53,628	-21%	-$4.15M
1027	1027 Wabtec WAB $32.6B	$15.6M	0.01%	209,436 +41,357	+25%	+$3.07M
1028	RRMS 1028 DELISTED ROSE ROCK MIDSTREAM L P COM UNIT REPSTG LTD (DE) RRMS	$15.5M	0.01%	401,316 -154,730	-28%	-$5.99M
1029	HCC 1029 DELISTED HCC INSURANCES HOLDINGS INC HCC	$15.5M	0.01%	335,901 +52,967	+19%	+$2.44M
1030	1030 The GEO Group GEO $3B	$15.5M	0.01%	721,443 +337,905	+88%	+$7.26M
1031	1031 Telefônica Brasil VIV $19.7B	$15.5M	0.01%	804,111 -27,500	-3%	-$529K
1032	1032 Ovintiv OVV $10.9B	$15.4M	0.01%	171,102 +105,848	+162%	+$9.55M
1033	ESL 1033 DELISTED Esterline Technologies ESL	$15.4M	0.01%	151,432 +5,079	+3%	+$518K
1034	VAL 1034 DELISTED Valspar VAL	$15.4M	0.01%	216,215 +99,655	+85%	+$7.1M
1035	1035 AutoNation AN $8.5B	$15.4M	0.01%	309,550 -117,567	-28%	-$5.84M
1036	1036 LXP Industrial Trust LXP $2.71B	$15.4M	0.01%	1,505,755 +161,329	+12%	+$1.65M
1037	WNR 1037 DELISTED Western Refining Inc WNR	$15.4M	0.01%	362,019 -465,734	-56%	-$19.7M
1038	SFG 1038 DELISTED STANCORP FINL GRP SFG	$15.3M	0.01%	231,416 +87,767	+61%	+$5.81M
1039	SUNE 1039 DELISTED SUNEDISON, INC COM SUNE	$15.3M	0.01%	1,174,188 -170,250	-13%	-$2.22M
1040	CVA 1040 DELISTED Covanta Holding Corporation CVA	$15.3M	0.01%	861,269 +238,632	+38%	+$4.24M
1041	CGI 1041 DELISTED Celadon Group Inc CGI	$15.3M	0.01%	783,675 +337,898	+76%	+$6.58M
1042	1042 Robert Half RHI $3.62B	$15.2M	0.01%	363,209 -78,798	-18%	-$3.31M
1043	1043 SEI Investments SEIC $10.8B	$15.2M	0.01%	439,075 -22,818	-5%	-$792K
1044	CAB 1044 DELISTED Cabela's Inc CAB	$15.2M	0.01%	228,646 +135,521	+146%	+$9.03M
1045	SEMG 1045 DELISTED SEMGROUP CORPORATION SEMG	$15.2M	0.01%	233,523 -935,292	-80%	-$61M
1046	1046 Voya Financial VOYA $7.35B	$15.2M	0.01%	433,070 -85,075	-16%	-$2.99M
1047	1047 Hexcel HXL $5B	$15.2M	0.01%	340,464 -121,213	-26%	-$5.42M
1048	1048 Calumet Specialty Products CLMT $1.55B	$15.2M	0.01%	584,414 +96,473	+20%	+$2.51M
1049	1049 iShares MSCI United Kingdom ETF EWU $2.93B	$15.2M	0.01%	363,832 +52,667	+17%	+$2.2M
1050	AEL 1050 DELISTED American Equity Investment Life Holding Company AEL	$15.2M	0.01%	575,659 -527,246	-48%	-$13.9M