DEUTSCHE BANK AG\
Long book
$302.29B
Q1 2026
Positions
3508
Top-10 weight
25%
concentration
Last quarter
+13.8%
SPY +14.8%
Turnover
7%
of book per quarter
Strategy in plain words
auto-generated from filingsDEUTSCHE BANK AG\ is a bank/brokerage whose filings mix client and house positions, running a $302.29B US long book across 3508 positions.
The portfolio is moderately concentrated (top 10 ≈ 25% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, MICROSOFT CORP, APPLE INC, ALPHABET INC-CL A, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.2%
Q2 2024
+6.2%
Q3 2024
+1.2%
Q4 2024
-3.1%
Q1 2025
+9.7%
Q2 2025
+8.2%
Q3 2025
+2.5%
Q4 2025
-2.9%
Q1 2026
+13.8%
Sector allocation
Technology 35%
Healthcare 11%
Financials 10%
Industrials 10%
Consumer discretionary 6%
Utilities 6%
Services media 5%
Energy 5%
Long book by quarter
What does DEUTSCHE BANK own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 89.9M | $15.68B | 5.2% | -0.6% |
| MSFT MICROSOFT CORP | Technology | 32.6M | $12.07B | 4.0% | +2.8% |
| AAPL APPLE INC | Technology | 46.6M | $11.82B | 3.9% | +0.3% |
| GOOGL ALPHABET INC-CL A | Technology | 29.4M | $8.45B | 2.8% | -7.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 32.3M | $6.73B | 2.2% | +5.5% |
| META META PLATFORMS INC-CLASS A | Technology | 8.7M | $4.96B | 1.6% | +12.5% |
| GOOG ALPHABET INC-CL C | Technology | 16.4M | $4.70B | 1.6% | -2.5% |
| AVGO BROADCOM INC | Technology | 14.8M | $4.58B | 1.5% | +6.9% |
| TTE TOTALENERGIES SE | Energy | 42.9M | $3.91B | 1.3% | +6.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 14.4M | $3.53B | 1.2% | +7.0% |
| LLY ELI LILLY & CO | Healthcare | 3.5M | $3.26B | 1.1% | -6.8% |
| TSLA TESLA INC | Industrials | 8.1M | $3.02B | 1.0% | +1.2% |
| V VISA INC-CLASS A SHARES | Services media | 8.8M | $2.66B | 0.9% | -0.2% |
| JPM JPMORGAN CHASE & CO | Financials | 8.3M | $2.44B | 0.8% | -18.4% |
| AZN ASTRAZENECA PLC | Healthcare | 12.1M | $2.39B | 0.8% | New |
| BAC BANK OF AMERICA CORP | Financials | 46.1M | $2.25B | 0.7% | -2.2% |
| AMAT APPLIED MATERIALS INC | Technology | 6.5M | $2.22B | 0.7% | +1.1% |
| DBK DEUTSCHE BANK AG-REGISTERED | — | 69.9M | $2.08B | 0.7% | +23.1% |
| ABBV ABBVIE INC | Healthcare | 9.5M | $2.07B | 0.7% | -5.9% |
| XOM EXXON MOBIL CORP | Energy | 12.0M | $2.04B | 0.7% | +16.8% |
| ENB ENBRIDGE INC | Energy | 34.6M | $1.87B | 0.6% | -6.9% |
| LIN LINDE PLC | Materials | 3.6M | $1.80B | 0.6% | -7.7% |
| AEM AGNICO EAGLE MINES LTD | Materials | 8.7M | $1.77B | 0.6% | +1.8% |
| NFLX NETFLIX INC | Services media | 18.4M | $1.77B | 0.6% | +10.7% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 3.6M | $1.71B | 0.6% | +15.4% |
| AMD ADVANCED MICRO DEVICES | Technology | 8.3M | $1.68B | 0.6% | -9.5% |
| MDT MEDTRONIC PLC | Healthcare | 19.0M | $1.65B | 0.5% | +7.1% |
| NEE NEXTERA ENERGY INC | Utilities | 17.7M | $1.64B | 0.5% | +2.5% |
| MU MICRON TECHNOLOGY INC | Technology | 4.7M | $1.58B | 0.5% | +2.7% |
| MA MASTERCARD INC - A | Services media | 3.1M | $1.56B | 0.5% | -6.3% |
| MRK MERCK & CO. INC. | Healthcare | 12.5M | $1.51B | 0.5% | -1.9% |
| WMT WALMART INC | Consumer discretionary | 12.1M | $1.50B | 0.5% | -9.1% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 10.1M | $1.48B | 0.5% | -7.9% |
| ABT ABBOTT LABORATORIES | Healthcare | 14.1M | $1.45B | 0.5% | +21.7% |
| BKNG BOOKING HOLDINGS INC | Industrials | 343.5K | $1.45B | 0.5% | +17.0% |
| PEP PEPSICO INC | Consumer staples | 9.0M | $1.40B | 0.5% | -5.2% |
| WMB WILLIAMS COS INC | Utilities | 19.0M | $1.38B | 0.5% | -5.3% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.4M | $1.35B | 0.4% | -4.3% |
| PG PROCTER & GAMBLE CO/THE | Other | 9.1M | $1.32B | 0.4% | +16.2% |
| CSCO CISCO SYSTEMS INC | Technology | 16.8M | $1.30B | 0.4% | +2.3% |
| SLB SLB LTD | Energy | 25.2M | $1.30B | 0.4% | -4.3% |
| UBS UBS GROUP AG-REG | Financials | 31.9M | $1.25B | 0.4% | +7.8% |
| INTC INTEL CORP | Technology | 27.7M | $1.22B | 0.4% | +11.2% |
| KO COCA-COLA CO/THE | Consumer staples | 15.5M | $1.18B | 0.4% | -4.9% |
| ANET ARISTA NETWORKS INC | Technology | 9.0M | $1.10B | 0.4% | -3.6% |
| CVX CHEVRON CORP | Energy | 5.3M | $1.10B | 0.4% | +26.8% |
| UBER UBER TECHNOLOGIES INC | Services media | 14.2M | $1.02B | 0.3% | +4.9% |
| CL COLGATE-PALMOLIVE CO | Other | 11.9M | $1.02B | 0.3% | +10.0% |
| GE GENERAL ELECTRIC | Industrials | 3.5M | $992.6M | 0.3% | +27.1% |
| NEM NEWMONT CORP | Materials | 9.2M | $992.4M | 0.3% | +4.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 13982 | $302.65B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 14052 | $307.09B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 13843 | $298.44B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 13750 | $271.58B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 13354 | $252.35B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR/ARESTATEMENT | Jun 30, 2025 | 13196 | $255.44B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 13175 | $256.27B | SEC ↗ | |
| Q3 2024 | 13F-HR/ARESTATEMENT | Jun 26, 2025 | 12532 | $245.71B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 12507 | $245.69B | SEC ↗ | |
| Q2 2024 | 13F-HR/ARESTATEMENT | Jun 12, 2025 | 12542 | $221.65B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 12519 | $221.63B | SEC ↗ | |
| Q1 2024 | 13F-HR/ARESTATEMENT | Jun 2, 2025 | 12868 | $215.45B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 12841 | $215.43B | SEC ↗ |