Masters Capital Management’s Deutsche Bank DB Stock Holding History

Masters Capital Management’s Portfolio DB Stock Details DB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	–	Sell	-1,000,000	Closed	-$23.8M	–	76
2025 Q1	$23.8M	Hold	1,000,000	–	–	1.17%	25
2024 Q4	$17.1M	Buy	+1,000,000	New	+$17.2M	0.63%	43
2024 Q2	–	Sell	-1,000,000	Closed	-$15.8M	–	70
2024 Q1	$15.8M	Hold	1,000,000	–	–	0.57%	40
2023 Q4	$13.6M	Sell	1,000,000 -1,030,000	-51%	-$12.1M	0.55%	41
2023 Q3	$22.3M	Buy	+2,030,000	New	+$22M	1.24%	27
2023 Q2	–	Sell	-1,677,200	Closed	-$17.1M	–	62
2023 Q1	$17.1M	Sell	1,677,200 -2,322,800	-58%	-$27.8M	0.87%	32
2022 Q4	$46.1M	Hold	4,000,000	–	–	3.5%	9
2022 Q3	$29.6M	Hold	4,000,000	–	–	2.1%	12
2022 Q2	$35M	Buy	4,000,000 +1,000,000	+33%	+$10.7M	1.63%	12
2022 Q1	$38M	Hold	3,000,000	–	–	1.53%	21
2021 Q4	$37.5M	Hold	3,000,000	–	–	1.52%	24
2021 Q3	$38.1M	Sell	3,000,000 -2,000,000	-40%	-$25.1M	1.57%	20
2021 Q2	$65.4M	Hold	5,000,000	–	–	1.93%	13
2021 Q1	$60M	Buy	5,000,000 +1,000,000	+25%	+$11.7M	2%	12
2020 Q4	$43.6M	Hold	4,000,000	–	–	2.55%	11
2020 Q3	$33.6M	Buy	4,000,000 +914,000	+30%	+$8.57M	2.23%	10
2020 Q2	$29.4M	Buy	3,086,000 +1,086,000	+54%	+$8.41M	3.32%	10
2020 Q1	$12.8M	Sell	2,000,000 -865,000	-30%	-$7.19M	1.49%	18
2019 Q4	$22.3M	Sell	2,865,000 -135,000	-5%	-$1.01M	1.27%	20
2019 Q3	$22.5M	Buy	3,000,000 +1,000,000	+50%	+$7.61M	1.34%	26
2019 Q2	$15.3M	Hold	2,000,000	–	–	0.74%	39
2019 Q1	$16.2M	Buy	+2,000,000	New	+$17.5M	0.87%	33
2018 Q4	–	Sell	-6,067,000	Closed	-$68.9M	–	61
2018 Q3	$68.9M	Sell	6,067,000 -2,000,000	-25%	-$23.5M	1.7%	18
2018 Q2	$85.7M	Sell	8,067,000 -60,000	-0.7%	-$765K	2.41%	12
2018 Q1	$114M	Buy	8,127,000 +2,055,900	+34%	+$34.7M	2.46%	12
2017 Q4	$116M	Sell	6,071,100 -928,900	-13%	-$16.8M	2.76%	13
2017 Q3	$121M	Buy	7,000,000 +2,087,000	+42%	+$36.2M	2.82%	12
2017 Q2	$87.4M	Buy	4,913,000 +1,913,000	+64%	+$33.8M	2.16%	11
2017 Q1	$51.5M	Sell	3,000,000 -174,976	-6%	-$3.03M	1.27%	21
2016 Q4	$51.3M	Sell	3,174,976 -185,024	-6%	-$2.61M	1.13%	23
2016 Q3	$39.3M	Buy	3,360,000 +2,240,000	+200%	+$27.5M	0.79%	27
2016 Q2	$13.7M	Buy	+1,120,000	New	+$16.8M	0.4%	42
2015 Q2	–	Sell	-2,240,000	Closed	-$69.5M	–	62
2015 Q1	$69.5M	Sell	2,240,000 -4,095,280	-65%	-$115M	2%	11
2014 Q4	$170M	Buy	6,335,280 +5,775,280	+1,031%	+$162M	4.68%	5
2014 Q3	$17.4M	Buy	+560,000	New	+$17.4M	0.64%	33
2014 Q2	–	Sell	-1,760,640	Closed	-$67.2M	–	53
2014 Q1	$67.2M	Buy	+1,760,640	New	+$71.9M	2.26%	15
2013 Q3	–	Sell	-1,220,124	Closed	-$43.6M	–	53
2013 Q2	$43.6M	Buy	+1,220,124	New	+$46.2M	3.35%	6

Other funds holding DB

Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Deutsche Bank Frankfurt Am Main Ge, Germany $303B AUM 30.15% 1-Year Est. Return

Amundi Paris, France $367B AUM 31.23% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Fisher Asset Management Camas, Washington $295B AUM 31.6% 1-Year Est. Return

Norges Bank Oslo, Norway $935B AUM

GQG Partners Ft. Lauderdale, Florida $63.1B AUM 23.07% 1-Year Est. Return

CCM

Causeway Capital Management Los Angeles, California $8.15B AUM 29.28% 1-Year Est. Return

DekaBank Deutsche Girozentrale Frankfurt, Germany $60.6B AUM 23.27% 1-Year Est. Return

Masters Capital Management's DB Position: Q1 2025 in Review

Masters Capital Management sold out of Deutsche Bank (DB) in Q1 2025, closing a stake of 1,800,000 shares — an estimated $37.8M sold.

Masters Capital Management first reported a position in DB in Q3 2014 and held it in 23 quarters. The position peaked at $44.5M in Q2 2017. 352 funds tracked by Wall St. Rank hold DB as of Q1 2025.

Masters Capital Management reported no remaining Deutsche Bank position as of Q1 2025 after selling out during the quarter.
Masters Capital Management sold 1,800,000 Deutsche Bank shares in Q1 2025, an estimated $37.8M.
Masters Capital Management first reported a position in Deutsche Bank in Q3 2014 and held it in 23 quarters.
Masters Capital Management's Deutsche Bank position peaked at $44.5M in Q2 2017.
352 funds tracked by Wall St. Rank held Deutsche Bank as of Q1 2025.

Based on Masters Capital Management's 13F filing for Q1 2025, filed 15 May 2025.