Deutsche Bank Portfolio holdings
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Targa Resources
TRGP
|
+$308M |
| 2 |
Kenvue
KVUE
|
+$294M |
| 3 |
Oneok
OKE
|
+$237M |
| 4 |
Edison International
EIX
|
+$218M |
| 5 |
CRH
CRH
|
+$200M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2B |
| 2 |
Microsoft
MSFT
|
+$1.42B |
| 3 |
Amazon
AMZN
|
+$1.28B |
| 4 |
Meta Platforms (Facebook)
META
|
+$1.06B |
| 5 |
NVIDIA
NVDA
|
+$784M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.31% |
| 2 | Healthcare | 14.81% |
| 3 | Financials | 11.56% |
| 4 | Communication Services | 8.03% |
| 5 | Consumer Discretionary | 7.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Palo Alto Networks
PANW
$256B
| $153M | 0.1% |
1,305,172
-221,600
| -15% | -$26.2M |
|
202
Phillips 66
PSX
$82.9B
| $153M | 0.1% |
1,269,938
-1,465,093
| -54% | -$164M |
|
203
Microchip Technology
MCHP
$38.8B
| $150M | 0.1% |
1,927,892
+418,869
| +28% | +$35.1M |
|
204
TSMC
TSM
$1.94T
| $149M | 0.1% |
1,715,968
-292,056
| -15% | -$27.6M |
|
205
Copart
CPRT
$28.5B
| $149M | 0.1% |
3,452,763
-491,237
| -12% | -$21.8M |
|
206
Starbucks
SBUX
$119B
| $148M | 0.1% |
1,623,444
-225,642
| -12% | -$22.1M |
|
207
Cummins
CMI
$83.6B
| $148M | 0.1% |
646,742
-72,187
| -10% | -$17.4M |
|
208
Humana
HUM
$43.9B
| $148M | 0.1% |
303,616
-22,406
| -7% | -$10.5M |
|
209
State Street
STT
$48.4B
| $147M | 0.1% |
2,198,676
+23,506
| +1% | +$1.66M |
|
210
Citigroup
C
$213B
| $147M | 0.1% |
3,577,224
-2,785,631
| -44% | -$122M |
|
211
Wheaton Precious Metals
WPM
$49.7B
| $147M | 0.09% |
3,623,133
+152,826
| +4% | +$6.59M |
|
212
iShares MSCI Japan ETF
EWJ
$21.2B
| $146M | 0.09% |
2,428,696
+683,417
| +39% | +$42.2M |
|
213
Parker-Hannifin
PH
$120B
| $146M | 0.09% |
374,394
-36,240
| -9% | -$14.6M |
|
214
Johnson Controls International
JCI
$85.1B
| $146M | 0.09% |
2,737,096
+196,993
| +8% | +$12.2M |
|
215
Valero Energy
VLO
$89.5B
| $142M | 0.09% |
1,005,346
+55,351
| +6% | +$7.25M |
|
216
General Mills
GIS
$20.2B
| $142M | 0.09% |
2,219,594
-179,565
| -7% | -$12.7M |
|
|
FISV
217
Fiserv Inc
FISV
$29.7B
| $142M | 0.09% |
1,257,318
-115,046
| -8% | -$14.2M |
|
218
Nucor
NUE
$58.3B
| $142M | 0.09% |
908,340
+22,470
| +3% | +$3.72M |
|
219
Allegion
ALLE
$13.5B
| $142M | 0.09% |
1,360,639
+4,332
| +0.3% | +$488K |
|
220
Honeywell
HON
$76.4B
| $142M | 0.09% |
813,683
-385,525
| -32% | -$70.5M |
|
221
Freeport-McMoran
FCX
$86.2B
| $141M | 0.09% |
3,790,874
+373,014
| +11% | +$15M |
|
222
Ametek
AME
$53.9B
| $141M | 0.09% |
954,820
-43,542
| -4% | -$6.8M |
|
223
Aon
AON
$80.6B
| $141M | 0.09% |
433,807
-10,714
| -2% | -$3.54M |
|
224
Agree Realty
ADC
$9.66B
| $140M | 0.09% |
2,532,208
-583,121
| -19% | -$36.4M |
|
225
CF Industries
CF
$19.6B
| $139M | 0.09% |
1,625,524
-47,539
| -3% | -$3.76M |
|
Similar funds
Deutsche Bank's Q3 2023 Portfolio in Review
As of Q3 2023, Deutsche Bank held 3,950 positions worth $155B, down 18% from $188B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Deutsche Bank withdrew a net $27.8B in Q3 2023, closing 253 positions and reducing 1,578 holdings. Its most notable exit was Life Storage, Inc., an estimated $152M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 25% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Deutsche Bank opened a new position in AngloGold Ashanti worth $25M.
- Deutsche Bank's largest Q3 2023 buy was AngloGold Ashanti: 1,583,982 shares worth $25M.
- Deutsche Bank added most to Targa Resources in Q3 2023, an estimated $308M increase.
- Deutsche Bank's biggest Q3 2023 reduction was Apple, cutting an estimated $2B.
- Deutsche Bank fully exited Life Storage, Inc. in Q3 2023, selling an estimated $152M.
- Deutsche Bank's ten largest holdings make up 22% of its $155B portfolio in Q3 2023.
- Deutsche Bank opened 153 new positions and closed 253 in Q3 2023.
- Deutsche Bank's portfolio value fell 18% quarter-over-quarter to $155B.
Based on Deutsche Bank's 13F filing for Q3 2023, filed 9 Nov 2023.