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
1051	1051 YPF YPF $10.7B	$15.1M	0.01%	407,734 -62,464	-13%	-$2.31M
1052	1052 iShares Russell 3000 ETF IWV $16.9B	$15.1M	0.01%	129,081 +369	+0.3%	+$43.1K
1053	1053 iShares MSCI United Kingdom ETF EWU $2.93B	$15.1M	0.01%	388,412 -64,779	-14%	-$2.51M
1054	1054 MYR Group MYRG $2.73B	$15M	0.01%	624,921 -412	-0.1%	-$9.92K
1055	TIF 1055 DELISTED Tiffany & Co. TIF	$15M	0.01%	156,225 -104,187	-40%	-$10M
1056	1056 GoPro GPRO $327M	$15M	0.01%	+160,453	New	+$15M
1057	1057 Ally Financial ALLY $13B	$15M	0.01%	649,372 +611,620	+1,620%	+$14.2M
1058	PRXL 1058 DELISTED Parexel International Corp PRXL	$15M	0.01%	237,518 +61,718	+35%	+$3.89M
1059	CGI 1059 DELISTED Celadon Group Inc CGI	$14.9M	0.01%	768,252 +21,793	+3%	+$424K
1060	1060 Neurocrine Biosciences NBIX $14.1B	$14.9M	0.01%	953,370 +111,004	+13%	+$1.74M
1061	1061 TD Synnex SNX $12.5B	$14.9M	0.01%	462,306 +373,774	+422%	+$12.1M
1062	UFS 1062 DELISTED DOMTAR CORPORATION (New) UFS	$14.9M	0.01%	425,026 -99,590	-19%	-$3.5M
1063	AEL 1063 DELISTED American Equity Investment Life Holding Company AEL	$14.9M	0.01%	651,437 +16,671	+3%	+$381K
1064	HAR 1064 DELISTED Harman International Industries HAR	$14.9M	0.01%	151,897 -105,285	-41%	-$10.3M
1065	1065 Ryder R $7.65B	$14.9M	0.01%	165,336 -39,741	-19%	-$3.57M
1066	1066 Groupon GRPN $923M	$14.9M	0.01%	111,316 -202,979	-65%	-$27.1M
1067	1067 La-Z-Boy LZB $1.39B	$14.8M	0.01%	749,942 +568,231	+313%	+$11.2M
1068	1068 Wintrust Financial WTFC $9.08B	$14.8M	0.01%	331,845 +99,807	+43%	+$4.46M
1069	RHT 1069 DELISTED Red Hat Inc RHT	$14.8M	0.01%	263,624 -110,677	-30%	-$6.21M
1070	KOG 1070 DELISTED KODIAK OIL & GAS CORP KOG	$14.8M	0.01%	1,088,025 +371,788	+52%	+$5.04M
1071	RDC 1071 DELISTED Rowan Companies Plc RDC	$14.8M	0.01%	583,073 +356,297	+157%	+$9.02M
1072	1072 New Oriental EDU $8.79B	$14.7M	0.01%	635,670 +298,585	+89%	+$6.93M
1073	DCUB 1073 DELISTED DOMINION RESOURCES INC CORP UNIT 2013 SER B (VA) DCUB	$14.7M	0.01%	262,150 -78,380	-23%	-$4.41M
1074	1074 Omega Healthcare OHI $12.5B	$14.7M	0.01%	431,121 +29,610	+7%	+$1.01M
1075	MDRX 1075 DELISTED Veradigm Inc. Common Stock MDRX	$14.7M	0.01%	1,094,956 +96,772	+10%	+$1.3M