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

+5.76%

1 Year Return

+23.01%

3 Year Return

+90.62%

5 Year Return

+171.03%

10 Year Return

+392.19%

AUM

$146B

AUM Growth

+$5.52B (+3.9%)

Cap. Flow

-$3.48B

Cap. Flow % of AUM

-2.38%

Top 10 Holdings % Top 10 Hldgs %

11.41%

Holding

5,733

New

448

Increased

2,022

Reduced

2,381

Closed

279

Top Buys

1	eBay EBAY	+$1.67B
2	Deutsche Bank DB	+$718M
3	ConocoPhillips COP	+$506M
4	PG&E PCG	+$326M
5	PARA Paramount Global Class B PARA	+$287M

Top Sells

1	Invesco QQQ Trust QQQ	+$527M
2	iShares Russell 2000 ETF IWM	+$461M
3	iShares US Real Estate ETF IYR	+$453M
4	SPDR S&P 500 ETF Trust SPY	+$398M
5	Energy Select Sector SPDR Fund XLE	+$352M

Sector Composition

1	Energy	12.95%
2	Healthcare	10.9%
3	Financials	10.64%
4	Technology	10.46%
5	Industrials	7.99%

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
1276	1276 Wintrust Financial WTFC $9.08B	$10.7M	0.01%	232,038 +110,460	+91%	+$5.08M
1277	HUB.B 1277 DELISTED HUBBELL INC CL-B HUB.B	$10.7M	0.01%	86,624 -38,719	-31%	-$4.77M
1278	SDLP 1278 DELISTED SEADRILL PARTNERS LLC SDLP	$10.7M	0.01%	32,129 -9,369	-23%	-$3.11M
1279	1279 Alnylam Pharmaceuticals ALNY $61.1B	$10.6M	0.01%	168,039 -86,932	-34%	-$5.49M
1280	1280 Rayonier RYN $4.05B	$10.6M	0.01%	313,544 -661,108	-68%	-$22.4M
1281	1281 Cboe Global Markets CBOE $24.5B	$10.6M	0.01%	215,364 +116,329	+117%	+$5.72M
1282	1282 Adtran ADTN $809M	$10.6M	0.01%	468,564 +34,849	+8%	+$786K
1283	1283 SPDR S&P Oil & Gas Exploration & Production ETF XOP $1.78B	$10.6M	0.01%	32,112 -645,840	-95%	-$213M
1284	1284 Sanmina SANM $6.24B	$10.6M	0.01%	463,904 -48,573	-9%	-$1.11M
1285	PTP 1285 DELISTED PLATINUM UNDERWRITERS HLDGS LTD PTP	$10.5M	0.01%	162,529 -556	-0.3%	-$36.1K
1286	OUTR 1286 DELISTED OUTERWALL INC OUTR	$10.5M	0.01%	177,079 +75,500	+74%	+$4.48M
1287	LPNT 1287 DELISTED LifePoint Health, Inc. LPNT	$10.5M	0.01%	169,190 +50,425	+42%	+$3.13M
1288	1288 Main Street Capital MAIN $5.99B	$10.5M	0.01%	318,560 +81,766	+35%	+$2.69M
1289	KOG 1289 DELISTED KODIAK OIL & GAS CORP KOG	$10.4M	0.01%	716,237 +296,896	+71%	+$4.32M
1290	VGR 1290 DELISTED Vector Group Ltd. VGR	$10.4M	0.01%	951,953 +486,472	+105%	+$5.32M
1291	1291 West Pharmaceutical WST $18.2B	$10.4M	0.01%	246,897 +21,928	+10%	+$925K
1292	1292 Skechers SKX	$10.4M	0.01%	682,422 -373,251	-35%	-$5.69M
1293	1293 Constellium CSTM $2.08B	$10.4M	0.01%	323,927 -53,906	-14%	-$1.73M
1294	1294 WisdomTree Europe Quality Dividend Growth Fund EUDG $80.9M	$10.4M	0.01%	+405,967	New	+$10.4M
1295	1295 Bank OZK OZK $5.88B	$10.3M	0.01%	308,702 -398	-0.1%	-$13.3K
1296	BBEP 1296 DELISTED BREITBURN ENERGY PARTNERS LP COM UNITS RPTNG LTD PRTNRSHIP BBEP	$10.3M	0.01%	466,306 +449,696	+2,707%	+$9.95M
1297	1297 Air Lease Corp AL $7.1B	$10.3M	0.01%	267,352 -282,966	-51%	-$10.9M
1298	1298 Spirit AeroSystems SPR $4.54B	$10.3M	0.01%	305,839 +100,232	+49%	+$3.38M
1299	1299 Vanguard Extended Market ETF VXF $24.2B	$10.3M	0.01%	117,400 -1,216,600	-91%	-$107M
1300	PL 1300 DELISTED PROTECTIVE LIFE CORP PL	$10.3M	0.01%	148,547 -84,831	-36%	-$5.88M