Institution

Deutsche Bank Ag\

13F for the quarter to June 30, 2026, filed August 7, 2026 · SEC CIK 948046

Reported value: $343.9bn
Positions we cover: 3,149
Copy, a year: +17.5%
Copy Sharpe ratio: 0.77

How copying its 13F would have done

CopyS&P 500 $10,000 copying Deutsche Bank Ag\'s filed holdings in companies we cover from August 23, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −33.4% (S&P 500 −52.6%); beta 0.71; alpha +5.0% a year (t = 2.16); last 12 months +12.3% against +12.1%.

Reported value by quarter

Deutsche Bank Ag\: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2013-06-30	$120.6B
2013-09-30	$133.9B
2013-12-31	$137.6B
2014-03-31	$139.1B
2014-06-30	$144.8B
2014-09-30	$158.3B
2014-12-31	$159.7B
2015-03-31	$158.8B
2015-06-30	$155B
2015-09-30	$127.7B
2015-12-31	$142.5B
2016-03-31	$130.9B
2016-06-30	$139.7B
2016-09-30	$139.7B
2016-12-31	$122.7B
2017-03-31	$133.9B
2017-06-30	$138B
2017-09-30	$143.9B
2017-12-31	$154.1B
2018-03-31	$207.7B
2018-06-30	$199B
2018-09-30	$196.1B
2018-12-31	$139.8B
2019-03-31	$166.7B
2019-06-30	$168.3B
2019-09-30	$143.1B
2019-12-31	$150B
2020-03-31	$111.3B
2020-06-30	$130.7B
2020-09-30	$144.4B
2020-12-31	$162.8B
2021-03-31	$184.9B
2021-06-30	$204.9B
2021-09-30	$209.8B
2021-12-31	$221.8B
2022-03-31	$213.7B
2022-06-30	$178.6B
2022-09-30	$165.3B
2022-12-31	$173.4T
2023-03-31	$179.2B
2023-06-30	$187.8B
2023-09-30	$154.4B
2023-12-31	$195.6B
2024-03-31	$215B
2024-06-30	$221.3B
2024-09-30	$245.2B
2024-12-31	$254.9B
2025-03-31	$251.9B
2025-06-30	$271.1B
2025-09-30	$298B
2025-12-31	$306.7B
2026-03-31	$302.3B
2026-06-30	$343.9B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	5.35%	$18.4bn	91.95M	+2.3% Added
AAPLApple Inc.	3.97%	$13.7bn	47.20M	+1.4% Added
MSFTMicrosoft Corporation	3.53%	$12.1bn	32.56M	−0.2%
GOOGLAlphabet Inc. (Class A)	3.17%	$10.9bn	30.55M	+4.0% Added
AMZNAmazon	2.44%	$8.4bn	35.28M	+9.2% Added
AVGOBroadcom	1.65%	$5.7bn	14.99M	+1.3% Added
MUMicron Technology	1.61%	$5.5bn	4.79M	+2.7% Added
METAMeta Platforms	1.51%	$5.2bn	9.25M	+6.7% Added
AMDAdvanced Micro Devices	1.36%	$4.7bn	8.03M	−2.8% Reduced
LLYLilly (Eli)	1.18%	$4.1bn	3.38M	−4.7% Reduced
TSLATesla, Inc.	1.18%	$4.0bn	9.60M	+18.2% Added
JNJJohnson & Johnson	1.16%	$4.0bn	15.66M	+8.5% Added
INTCIntel	1.01%	$3.5bn	24.78M	−10.7% Reduced
VVisa Inc.	0.89%	$3.1bn	8.89M	+0.9% Added
AMATApplied Materials	0.84%	$2.9bn	4.00M	−38.4% Reduced
ABBVAbbVie	0.79%	$2.7bn	10.77M	+13.0% Added
JPMJPMorgan Chase	0.75%	$2.6bn	7.91M	−4.8% Reduced
AZNAstrazeneca PLC	0.70%	$2.4bn	12.64M	+4.2% Added
BACBank of America	0.69%	$2.4bn	41.40M	−10.3% Reduced
WMTWalmart	0.61%	$2.1bn	18.61M	+54.0% Added
CSCOCisco	0.58%	$2.0bn	17.00M	+1.4% Added
LINLinde plc	0.55%	$1.9bn	3.67M	+1.0% Added
LRCXLam Research	0.55%	$1.9bn	4.39M	−2.4% Reduced
MAMastercard	0.55%	$1.9bn	3.68M	+17.7% Added
ENBEnbridge Inc	0.54%	$1.9bn	34.14M	−1.3% Reduced
BKNGBooking Holdings	0.49%	$1.7bn	9.49M	+2662.4% Added
NEENextEra Energy	0.47%	$1.6bn	18.22M	+2.9% Added
ANETArista Networks	0.46%	$1.6bn	9.36M	+4.3% Added
MRKMerck & Co.	0.45%	$1.5bn	11.96M	−4.6% Reduced
STXSeagate Technology	0.45%	$1.5bn	1.59M	−9.5% Reduced
ABTAbbott Laboratories	0.44%	$1.5bn	16.71M	+18.6% Added
PANWPalo Alto Networks	0.43%	$1.5bn	4.34M	−4.5% Reduced
CATCaterpillar Inc.	0.42%	$1.5bn	1.36M	+0.2%
MDTMedtronic	0.42%	$1.4bn	18.45M	−2.9% Reduced
NFLXNetflix	0.42%	$1.4bn	20.12M	+9.6% Added
PGProcter & Gamble	0.41%	$1.4bn	9.71M	+6.5% Added
COSTCostco	0.40%	$1.4bn	1.46M	+8.1% Added
AEMAgnico Eagle Mines LTD	0.40%	$1.4bn	8.78M	+0.6% Added
SNDKSandisk	0.39%	$1.3bn	593.4K	−42.2% Reduced
KOThe Coca-Cola Company	0.39%	$1.3bn	16.56M	+7.1% Added
WMBWilliams Companies	0.38%	$1.3bn	17.62M	−7.1% Reduced
KLACKLA Corporation	0.36%	$1.2bn	4.08M	+777.7% Added
APHAmphenol	0.35%	$1.2bn	6.91M	+7.9% Added
PLTRPalantir Technologies Inc.	0.35%	$1.2bn	10.26M	+1.1% Added
UBSUBS Group AG	0.35%	$1.2bn	24.15M	−24.4% Reduced
CVXChevron Corporation	0.35%	$1.2bn	7.18M	+35.2% Added
QCOMQualcomm	0.34%	$1.2bn	6.38M	+2.2% Added
MRVLMarvell Technology	0.34%	$1.2bn	3.92M	+34.5% Added
PEPPepsiCo	0.34%	$1.2bn	8.53M	−5.3% Reduced
WELLWelltower	0.33%	$1.1bn	4.98M	−3.3% Reduced
EQIXEquinix	0.33%	$1.1bn	1.07M	−6.2% Reduced
SLBSchlumberger	0.32%	$1.1bn	23.93M	−5.2% Reduced
PGRProgressive Corporation	0.32%	$1.1bn	5.03M	+4.3% Added
AMTAmerican Tower	0.32%	$1.1bn	6.70M	−13.7% Reduced
GEGE Aerospace	0.32%	$1.1bn	2.91M	−16.9% Reduced
CLColgate-Palmolive	0.31%	$1.1bn	11.75M	−1.5% Reduced
TXNTexas Instruments	0.31%	$1.1bn	3.59M	+5.6% Added
UBERUber	0.31%	$1.1bn	14.81M	+4.4% Added
UNPUnion Pacific Corporation	0.31%	$1.1bn	3.92M	−3.3% Reduced
PNCPNC Financial Services	0.31%	$1.1bn	4.28M	+1.2% Added
TRPTC Energy Corp	0.30%	$1.0bn	15.82M	+1.3% Added
GEVGE Vernova	0.30%	$1.0bn	877.6K	+15.6% Added
HDThe Home Depot	0.29%	$1.0bn	2.86M	+2.8% Added
ALLAllstate	0.29%	$1.0bn	4.24M	+45.0% Added
UNHUnitedHealth Group	0.29%	$1.0bn	2.41M	−5.0% Reduced
ADPAutomatic Data Processing	0.29%	$994.9m	4.44M	+9.0% Added
PHParker Hannifin	0.29%	$987.6m	1.01M	+13.4% Added
PLDPrologis	0.28%	$969.0m	7.15M	+3.3% Added
IBMIBM	0.28%	$960.8m	3.42M	−4.1% Reduced
AAgilent Technologies	0.27%	$931.0m	7.01M	+17.1% Added
AXPAmerican Express	0.27%	$927.9m	2.74M	+1.5% Added
GILDGilead Sciences	0.27%	$918.4m	7.27M	+16.8% Added
NEMNewmont	0.27%	$911.2m	9.76M	+6.4% Added
SRESempra	0.26%	$896.6m	9.67M	+3.7% Added
ORCLOracle Corporation	0.26%	$891.2m	6.08M	+0.3%
WDCWestern Digital	0.26%	$885.6m	1.39M	−26.0% Reduced
VZVerizon	0.26%	$884.1m	20.88M	+6.7% Added
ETNEaton Corporation	0.25%	$871.3m	2.04M	−8.4% Reduced
TJXTJX Companies	0.25%	$866.9m	5.72M	+17.8% Added
WFCWells Fargo	0.25%	$859.4m	10.40M	−12.3% Reduced
SPOTSpotify Technology S.a.	0.25%	$858.5m	1.87M	−8.6% Reduced
AMGNAmgen	0.25%	$853.0m	2.36M	+4.4% Added
CCitigroup	0.24%	$818.0m	5.84M	−24.2% Reduced
TRGPTarga Resources	0.24%	$811.2m	3.03M	+21.7% Added
GSGoldman Sachs	0.23%	$791.6m	782.7K	−14.4% Reduced
VRTXVertex Pharmaceuticals	0.23%	$784.4m	1.58M	+2.7% Added
TAT&T	0.23%	$774.8m	37.43M	+15.8% Added
CNPCenterPoint Energy	0.22%	$770.9m	17.50M	+42.4% Added
TSMTaiwan Semiconductor Manufacturing Co LTD	0.22%	$758.6m	1.59M	−5.3% Reduced
PFEPfizer	0.22%	$758.3m	31.49M	+0.2%
MDLZMondelez International	0.22%	$752.8m	13.02M	+1.1% Added
ADBEAdobe Inc.	0.22%	$750.2m	3.66M	+7.6% Added
EDConsolidated Edison	0.22%	$749.2m	6.77M	+16.8% Added
RTXRTX Corporation	0.21%	$725.9m	3.83M	+19.2% Added
WECWEC Energy Group	0.21%	$706.9m	6.05M	+2.1% Added
MRSHMarsh McLennan	0.20%	$685.6m	4.11M	+11.1% Added
CSXCSX Corporation	0.20%	$685.4m	14.42M	+1.4% Added
PCGPG&E Corporation	0.20%	$676.2m	40.20M	−8.4% Reduced
ADIAnalog Devices	0.20%	$671.5m	1.69M	−5.4% Reduced
MSIMotorola Solutions	0.20%	$670.4m	1.61M	+7.4% Added
MSMorgan Stanley	0.19%	$666.8m	3.19M	−22.6% Reduced
DELLDell Technologies	0.19%	$662.9m	1.54M	−51.6% Reduced
DISThe Walt Disney Company	0.18%	$637.5m	6.62M	−3.7% Reduced
CRMSalesforce	0.18%	$630.4m	4.02M	+14.8% Added
CRWDCrowdStrike	0.18%	$628.2m	823.2K	−3.4% Reduced
CMSCMS Energy	0.18%	$618.3m	8.08M	+4.3% Added
SCHWCharles Schwab Corporation	0.18%	$614.2m	6.66M	+25.3% Added
GLWCorning Inc.	0.18%	$612.8m	2.40M	−52.2% Reduced
HUBBHubbell Incorporated	0.18%	$610.1m	1.17M	+2.6% Added
TMOThermo Fisher Scientific	0.18%	$609.1m	1.21M	−3.6% Reduced
NOWServiceNow	0.17%	$595.2m	5.99M	+0.1%
MCDMcDonald's	0.17%	$592.9m	2.19M	−10.4% Reduced
NTRNutrien Ltd.	0.17%	$588.7m	9.35M	+9.6% Added
BMYBristol Myers Squibb	0.17%	$584.5m	10.14M	+12.2% Added
FTNTFortinet	0.17%	$581.1m	3.78M	−41.3% Reduced
BNYBNY Mellon	0.17%	$576.1m	3.98M	+13.3% Added
NINiSource	0.17%	$574.3m	12.08M	+3.1% Added
ISRGIntuitive Surgical	0.17%	$571.6m	1.44M	+6.5% Added
NXPINXP Semiconductors	0.17%	$570.9m	2.03M	+3.6% Added
EXCExelon	0.17%	$567.5m	12.17M	−38.1% Reduced
HWMHowmet Aerospace	0.16%	$541.8m	2.02M	+28.7% Added
RYRoyal Bank Of Canada	0.16%	$540.0m	2.61M	+8.0% Added
BABoeing	0.16%	$539.5m	2.49M	−31.2% Reduced
CDNSCadence Design Systems Inc	0.15%	$532.3m	1.42M	−6.0% Reduced
PWRQuanta Services	0.15%	$519.7m	721.8K	−0.4%
EWEdwards Lifesciences	0.15%	$516.6m	5.71M	−5.7% Reduced
SPGSimon Property Group	0.15%	$512.3m	2.29M	−6.3% Reduced
VRTVertiv	0.15%	$506.6m	1.51M	−4.7% Reduced
PMPhilip Morris International	0.15%	$504.5m	2.79M	+0.2%
MARMarriott International	0.15%	$500.9m	1.35M	+4.1% Added
JCIJohnson Controls	0.14%	$497.9m	3.41M	+21.8% Added
WMWaste Management	0.14%	$492.0m	2.21M	+8.2% Added
CBOECboe Global Markets	0.14%	$491.5m	2.03M	+89.5% Added
COPConocoPhillips	0.14%	$479.0m	4.61M	+8.7% Added
OKEOneok	0.14%	$477.9m	5.50M	−18.4% Reduced
CVSCVS Health	0.14%	$466.6m	4.51M	−2.1% Reduced
AUAnglogold Ashanti PLC	0.14%	$466.5m	5.77M	+1.3% Added
CRHCRH plc	0.14%	$465.8m	4.35M	−12.4% Reduced
SYKStryker Corporation	0.13%	$453.0m	1.44M	+22.2% Added
VTRVentas	0.13%	$451.8m	5.09M	+7.7% Added
DHRDanaher Corporation	0.13%	$446.3m	2.34M	−9.0% Reduced
DTMDT Midstream, Inc.	0.13%	$445.3m	3.03M	−0.7% Reduced
FIXComfort Systems USA	0.13%	$443.8m	223.9K	−7.0% Reduced
COFCapital One	0.13%	$443.7m	2.21M	−6.5% Reduced
TDToronto Dominion Bank	0.13%	$440.8m	3.63M	−21.8% Reduced
TTTrane Technologies	0.13%	$440.6m	897.1K	−5.1% Reduced
CPRTCopart	0.13%	$436.4m	15.48M	+42.4% Added
DEDeere & Company	0.13%	$435.2m	686.0K	−0.8% Reduced
XELXcel Energy	0.13%	$433.9m	5.40M	+34.5% Added
ATOAtmos Energy	0.13%	$431.7m	2.51M	−1.6% Reduced

Company	Bought (value)	Shares
BKNGBooking Holdings	$1.6bn	9.14M
KLACKLA Corporation	$1.1bn	3.62M
WMTWalmart	$739.0m	6.53M
AMZNAmazon	$707.9m	2.97M
TSLATesla, Inc.	$622.9m	1.48M
GOOGLAlphabet Inc. (Class A)	$421.6m	1.18M
NVDANVIDIA Corporation	$410.5m	2.05M
METAMeta Platforms	$328.4m	583.1K
ALLAllstate	$313.0m	1.32M
ABBVAbbVie	$312.4m	1.24M
JNJJohnson & Johnson	$311.3m	1.23M
CVXChevron Corporation	$309.7m	1.87M
MRVLMarvell Technology	$299.5m	1.01M
MAMastercard	$283.5m	552.0K
ABTAbbott Laboratories	$237.3m	2.61M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
AMATApplied Materials	−$1.8bn	−2.50M
SNDKSandisk	−$986.0m	−433.6K
DELLDell Technologies	−$706.9m	−1.64M
GLWCorning Inc.	−$668.9m	−2.62M
INTCIntel	−$414.0m	−2.97M
FTNTFortinet	−$408.8m	−2.66M
UBSUBS Group AG	−$385.3m	−7.78M
EXCExelon	−$348.9m	−7.48M
WDCWestern Digital	−$310.6m	−486.3K
BACBank of America	−$269.8m	−4.73M
CCitigroup	−$261.0m	−1.86M
LITELumentum	−$247.7m	−288.7K
BABoeing	−$244.4m	−1.13M
COHRCoherent Corp.	−$234.6m	−594.7K
ORealty Income	−$221.2m	−3.57M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
EDUNew Oriental Education & Technology Group Inc.	$2.7m	47.1K
LUXELuxexperience B.v.	$1.2m	150.0K
NOMDNomad Foods Ltd	$1.1m	118.7K
JYNTJoint Corp	$788,058	89.0K
HAINHain Celestial Group Inc	$633,164	904.5K
WRDWeride Inc.	$298,715	36.9K
LABStandard Biotools Inc.	$262,913	285.8K
RPTRithm Property Trust Inc.	$165,728	12.4K
NNOXNano-x Imaging Ltd.	$163,592	72.1K
CIRCCircle8 Group Inc	$153,976	50.8K
BYRNByrna Technologies Inc.	$152,434	16.6K
VTEXVtex	$150,332	37.6K
EMLEastern Co	$139,980	6.9K
MKTWMarketwise, Inc.	$138,884	7.4K
BSETBassett Furniture Industries Inc	$134,397	9.5K
RCELAvita Medical, Inc.	$117,409	31.7K
OMOutset Medical, Inc.	$116,671	30.4K
SNWVSanuwave Health, Inc.	$114,149	6.6K
EXFYExpensify, Inc.	$112,564	129.4K
DHDefinitive Healthcare Corp.	$111,026	90.3K
PAAIParadium.ai, Inc.	$108,593	50.0K
PROPPrairie Operating Co.	$107,450	52.9K
SSTISoundthinking, Inc.	$103,166	15.6K
HUMAHumacyte, Inc.	$102,863	168.6K
TZOOTravelzoo	$102,292	17.3K
AEYEAudioeye Inc	$100,086	15.7K
SKYXSkyx Platforms Corp.	$100,085	89.4K
MYPSPlaystudios, Inc.	$99,260	211.2K
EPEmpire Petroleum Corp	$97,159	32.8K
ARAYAccuray Inc	$95,592	245.1K

Technology33.5%
Health Care11.4%
Financials10.8%
Industrials9.3%
Consumer Discretionary8.0%
Communication Services7.4%
Consumer Staples4.4%
Energy4.2%
Utilities3.8%
Real Estate3.7%
Materials3.6%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestAugust 23, 2013 to November 2, 2026	+17.5%	+14.1%	0.77	0.56	−33.4%	0.71
2018 onwardsJanuary 5, 2018 to November 2, 2026	+20.4%	+13.9%	0.72	0.46	−33.4%	0.69
Last three yearsNovember 3, 2023 to November 2, 2026	+21.3%	+21.8%	1.17	1.06	−14.7%	0.83
Last yearNovember 7, 2025 to November 2, 2026	+14.1%	+14.2%	0.90	0.84	−7.8%	0.88

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.