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

+6.56%

1 Year Return

+23.01%

3 Year Return

+90.62%

5 Year Return

+171.03%

10 Year Return

+392.19%

AUM

$135B

AUM Growth

+$13.5B (+11%)

Cap. Flow

+$3.57B

Cap. Flow % of AUM

2.64%

Top 10 Holdings % Top 10 Hldgs %

12.75%

Holding

5,681

New

480

Increased

2,922

Reduced

1,456

Closed

235

Top Buys

1	SPDR S&P 500 ETF Trust SPY	+$808M
2	Invesco QQQ Trust QQQ	+$652M
3	Alphabet (Google) Class C GOOG	+$648M
4	DELL DELL INC DELL	+$383M
5	McDonald's MCD	+$383M

Top Sells

1	eBay EBAY	+$1.3B
2	Apple AAPL	+$729M
3	Consumer Discretionary Select Sector SPDR Fund XLY	+$695M
4	SPDR S&P Retail ETF XRT	+$476M
5	Pfizer PFE	+$448M

Sector Composition

1	Healthcare	11.13%
2	Financials	10.57%
3	Energy	10.13%
4	Technology	9.81%
5	Consumer Discretionary	8.62%

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
1401	1401 Extreme Networks EXTR $3.02B	$8.38M	0.01%	1,605,866 +805,104	+101%	+$4.2M
1402	CGI 1402 DELISTED Celadon Group Inc CGI	$8.32M	0.01%	445,777 +427,239	+2,305%	+$7.98M
1403	TQNT 1403 DELISTED TRIQUINT SEMICONDUCTOR INC TQNT	$8.32M	0.01%	1,024,501 +558,177	+120%	+$4.53M
1404	1404 Stride LRN $7.03B	$8.32M	0.01%	269,352 +243,010	+923%	+$7.5M
1405	PNG 1405 DELISTED PAA NATURAL GAS STORAGE, L.P. COM UNIT LTD PARTNERSHIP PNG	$8.31M	0.01%	356,965 +347,800	+3,795%	+$8.1M
1406	ULTI 1406 DELISTED Ultimate Software Group Inc ULTI	$8.29M	0.01%	56,217 +7,430	+15%	+$1.09M
1407	GT.PRA 1407 DELISTED GOODYEAR TIRE & RUBR CO PFD CONV (OH) GT.PRA	$8.28M	0.01%	130,108 +126,518	+3,524%	+$8.06M
1408	FBR 1408 DELISTED Fibria Celulose Sa FBR	$8.26M	0.01%	717,386 +438,059	+157%	+$5.05M
1409	JGBS 1409 DELISTED DB INVERSE JAPANESE GOVT BD FUT EXCH NT 11/30/2021 JGBS	$8.26M	0.01%	432,357 +32,979	+8%	+$630K
1410	1410 CubeSmart CUBE $9.49B	$8.26M	0.01%	463,180 +227,600	+97%	+$4.06M
1411	LRE 1411 DELISTED LRR ENERGY LP LRE	$8.25M	0.01%	517,966 +273,346	+112%	+$4.35M
1412	1412 Red Robin RRGB $122M	$8.24M	0.01%	115,969 +37,579	+48%	+$2.67M
1413	ORIG 1413 DELISTED Ocean Rig UDW Inc. Class A Common Shares ORIG	$8.24M	0.01%	+49	New	+$8.24M
1414	IPHS 1414 DELISTED Innophos Holdings, Inc. IPHS	$8.21M	0.01%	155,545 +113,251	+268%	+$5.98M
1415	1415 Cinemark Holdings CNK $3.24B	$8.17M	0.01%	257,411 -105,718	-29%	-$3.35M
1416	HMSY 1416 DELISTED HMS Holdings Corp. HMSY	$8.17M	0.01%	380,083 +132,187	+53%	+$2.84M
1417	HSP 1417 DELISTED HOSPIRA INC HSP	$8.14M	0.01%	207,759 -690,479	-77%	-$27.1M
1418	1418 Vanguard Value ETF VTV $146B	$8.13M	0.01%	116,476 +110,589	+1,879%	+$7.72M
1419	1419 Kosmos Energy KOS $827M	$8.1M	0.01%	788,200 +597,792	+314%	+$6.14M
1420	MCP 1420 DELISTED MOLYCORP INC COM STK MCP	$8.06M	0.01%	1,229,546 -1,234,465	-50%	-$8.1M
1421	DNKN 1421 DELISTED Dunkin' Brands Group, Inc. DNKN	$8.04M	0.01%	177,770 -67,943	-28%	-$3.07M
1422	ZIGO 1422 DELISTED ZYGO CORP ZIGO	$8.02M	0.01%	502,197 +257,810	+105%	+$4.12M
1423	KNGT 1423 DELISTED KNIGHT TRANSPORTATION INC KNGT	$8.01M	0.01%	485,005 +383,120	+376%	+$6.33M
1424	WMGI 1424 DELISTED Wright Medical Group Inc WMGI	$8M	0.01%	306,994 +19,594	+7%	+$511K
1425	1425 Sinclair Inc SBGI $971M	$7.98M	0.01%	238,141 +171,895	+259%	+$5.76M