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

-0.07%

1 Year Return

+23.01%

3 Year Return

+90.62%

5 Year Return

+171.03%

10 Year Return

+392.19%

AUM

$160B

AUM Growth

+$13.7B (+9.4%)

Cap. Flow

+$13.3B

Cap. Flow % of AUM

8.29%

Top 10 Holdings % Top 10 Hldgs %

13.21%

Holding

5,689

New

243

Increased

2,332

Reduced

2,033

Closed

331

Top Buys

1	SPDR S&P 500 ETF Trust SPY	+$1.64B
2	Invesco QQQ Trust QQQ	+$1.2B
3	Apple AAPL	+$584M
4	Johnson & Johnson JNJ	+$560M
5	iShares Russell 2000 ETF IWM	+$458M

Top Sells

1	ConocoPhillips COP	+$289M
2	Chevron CVX	+$209M
3	TFCFA Twenty-First Century Fox, Inc. Class A TFCFA	+$204M
4	EPB EL PASO PIPELINE PARTNERS, L.P. COM UNITS REPSTG LTD PART EPB	+$200M
5	Microsoft MSFT	+$191M

Sector Composition

1	Energy	13.16%
2	Healthcare	10.83%
3	Technology	10.61%
4	Financials	9.49%
5	Real Estate	8.12%

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	SEP 1026 DELISTED Spectra Engy Parters Lp SEP	$15.8M	0.01%	297,566 +76,202	+34%	+$4.04M
1027	ANSS 1027 DELISTED Ansys ANSS	$15.7M	0.01%	207,248 -34,625	-14%	-$2.62M
1028	1028 JetBlue JBLU $1.84B	$15.7M	0.01%	1,476,157 +380,324	+35%	+$4.04M
1029	AMTG 1029 DELISTED APOLLO RESIDENTIAL MTG INC COM STK AMTG	$15.6M	0.01%	1,013,368 -32,533	-3%	-$502K
1030	1030 Diageo DEO $56.5B	$15.6M	0.01%	135,282 +13,408	+11%	+$1.55M
1031	DS 1031 DELISTED Drive Shack Inc. DS	$15.6M	0.01%	3,429,130 +1,154,582	+51%	+$5.25M
1032	BEAV 1032 DELISTED B/E Aerospace Inc BEAV	$15.6M	0.01%	256,380 -116,366	-31%	-$7.07M
1033	1033 Skechers SKX $9.49B	$15.6M	0.01%	876,897 +194,475	+28%	+$3.46M
1034	SAFM 1034 DELISTED Sanderson Farms Inc SAFM	$15.6M	0.01%	176,992 +73,465	+71%	+$6.46M
1035	ATVI 1035 DELISTED Activision Blizzard Inc. ATVI	$15.6M	0.01%	748,542 -558,256	-43%	-$11.6M
1036	KATE 1036 DELISTED Kate Spade & Company KATE	$15.5M	0.01%	591,701 +369,636	+166%	+$9.69M
1037	1037 OFG Bancorp OFG $1.95B	$15.5M	0.01%	1,033,629 -56,792	-5%	-$851K
1038	AUY 1038 DELISTED Yamana Gold, Inc. AUY	$15.5M	0.01%	2,576,891 +602,364	+31%	+$3.61M
1039	1039 Flex FLEX $21.4B	$15.4M	0.01%	1,983,816 +414,100	+26%	+$3.22M
1040	TFM 1040 DELISTED THE FRESH MARKET, INC COM STK TFM	$15.4M	0.01%	440,269 +58,481	+15%	+$2.04M
1041	1041 HDFC Bank HDB $179B	$15.4M	0.01%	659,182 +460,070	+231%	+$10.7M
1042	NS 1042 DELISTED NuStar Energy L.P. NS	$15.3M	0.01%	232,687 -170,787	-42%	-$11.3M
1043	SLCA 1043 DELISTED U.S. SILICA HOLDINGS, INC. SLCA	$15.3M	0.01%	244,808 +45,197	+23%	+$2.82M
1044	1044 Community Health Systems CYH $412M	$15.3M	0.01%	337,596 -10,667	-3%	-$483K
1045	1045 Genesco GCO $358M	$15.2M	0.01%	203,384 -40,155	-16%	-$3M
1046	1046 Angi Inc ANGI $760M	$15.2M	0.01%	238,017 +290	+0.1%	+$18.5K
1047	1047 Galicia Financial Group GGAL $4.81B	$15.2M	0.01%	1,066,371 +9,952	+0.9%	+$141K
1048	TE 1048 DELISTED TECO ENERGY INC TE	$15.1M	0.01%	870,054 +642,370	+282%	+$11.2M
1049	1049 Synchrony SYF $28B	$15.1M	0.01%	+615,709	New	+$15.1M
1050	DRC 1050 DELISTED DRESSER-RAND GROUP INC DRC	$15.1M	0.01%	183,564 -265,312	-59%	-$21.8M