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

+2.12%

1 Year Return

+23.01%

3 Year Return

+90.62%

5 Year Return

+171.03%

10 Year Return

+392.19%

AUM

$160B

AUM Growth

-$810M (-0.5%)

Cap. Flow

-$3.53B

Cap. Flow % of AUM

-2.2%

Top 10 Holdings % Top 10 Hldgs %

11.85%

Holding

5,831

New

174

Increased

2,038

Reduced

2,104

Closed

1,017

Top Buys

1	Apple AAPL	+$958M
2	Alphabet (Google) Class C GOOG	+$535M
3	KRFT KRAFT FOODS GROUP INC COM STK (VA) KRFT	+$465M
4	PepsiCo PEP	+$410M
5	Meta Platforms (Facebook) META	+$374M

Top Sells

1	SPDR S&P 500 ETF Trust SPY	+$2.01B
2	iShares US Real Estate ETF IYR	+$639M
3	VanEck Gold Miners ETF GDX	+$569M
4	Energy Select Sector SPDR Fund XLE	+$488M
5	Medtronic MDT	+$481M

Sector Composition

1	Technology	12.87%
2	Healthcare	11.39%
3	Financials	11.19%
4	Energy	10.25%
5	Industrials	9.3%

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
1251	1251 Factset FDS $13.7B	$10.7M	0.01%	67,117 +17,050	+34%	+$2.71M
1252	UMPQ 1252 DELISTED Umpqua Holdings Corp UMPQ	$10.7M	0.01%	620,763 -674,676	-52%	-$11.6M
1253	1253 The GEO Group GEO $3.12B	$10.6M	0.01%	364,904 +25,838	+8%	+$753K
1254	CHL 1254 DELISTED China Mobile Limited CHL	$10.6M	0.01%	163,631 +26,652	+19%	+$1.73M
1255	LNCE 1255 DELISTED Snyders-Lance, Inc. LNCE	$10.6M	0.01%	332,591 -79,454	-19%	-$2.54M
1256	CXP 1256 DELISTED COLUMBIA PROPERTY TRUST, INC. CXP	$10.6M	0.01%	392,464 +274,728	+233%	+$7.42M
1257	VRN 1257 DELISTED Veren VRN	$10.6M	0.01%	489,008 +223,199	+84%	+$4.84M
1258	PNK 1258 DELISTED Pinnacle Entertainment Inc. PNK	$10.6M	0.01%	293,639 +89,671	+44%	+$3.24M
1259	TFM 1259 DELISTED THE FRESH MARKET, INC COM STK TFM	$10.6M	0.01%	260,379 -39,689	-13%	-$1.61M
1260	ANSS 1260 DELISTED Ansys ANSS	$10.6M	0.01%	119,983 -21,011	-15%	-$1.85M
1261	1261 Criteo CRTO $1.15B	$10.6M	0.01%	267,432 -192,457	-42%	-$7.6M
1262	CVRR 1262 DELISTED CVR Refining, LP CVRR	$10.6M	0.01%	508,811 -240,975	-32%	-$5M
1263	1263 Packaging Corp of America PKG $19.4B	$10.5M	0.01%	134,006 -58,386	-30%	-$4.56M
1264	1264 Cinemark Holdings CNK $3.25B	$10.5M	0.01%	232,076 +127,008	+121%	+$5.72M
1265	ARMH 1265 DELISTED ARM HOLDINGS PLC ADS ARMH	$10.4M	0.01%	211,993 +95,092	+81%	+$4.69M
1266	1266 G-III Apparel Group GIII $1.12B	$10.4M	0.01%	185,438 -111,742	-38%	-$6.29M
1267	DOC 1267 DELISTED PHYSICIANS REALTY TRUST DOC	$10.4M	0.01%	592,788 +549,948	+1,284%	+$9.68M
1268	TMH 1268 DELISTED Team Health Holdings Inc TMH	$10.4M	0.01%	178,134 +153,280	+617%	+$8.97M
1269	1269 Arch Capital ACGL $34.4B	$10.4M	0.01%	507,435 -138,933	-21%	-$2.85M
1270	1270 Rithm Capital RITM $6.57B	$10.4M	0.01%	693,303 -1,264,027	-65%	-$19M
1271	1271 America Movil AMX $61.4B	$10.4M	0.01%	507,164 +313,495	+162%	+$6.41M
1272	1272 EnerSys ENS $4B	$10.4M	0.01%	161,424 -34,383	-18%	-$2.21M
1273	BKS 1273 DELISTED Barnes & Noble BKS	$10.4M	0.01%	665,505 +219,869	+49%	+$3.42M
1274	PACW 1274 DELISTED PacWest Bancorp PACW	$10.4M	0.01%	220,874 +40,022	+22%	+$1.88M
1275	ABMD 1275 DELISTED Abiomed Inc ABMD	$10.4M	0.01%	144,667 -18,804	-12%	-$1.35M