# DEUTSCHE BANK AG\

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 948046. Source: https://holderbook.com/funds/948046-deutsche-bank-ag/

- Reported value: $344.4B
- Positions: 3,678
- Weight of the ten largest: 26.3%
- Filed: 2026-08-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $18.4B | 91,954,159 | 5.3% | 34 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $13.7B | 47,201,961 | 4.0% | 34 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $12.1B | 32,564,249 | 3.5% | 34 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $10.9B | 30,552,576 | 3.2% | 34 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $8.4B | 35,278,110 | 2.4% | 34 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $6.1B | 17,313,729 | 1.8% | 34 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $5.7B | 14,986,674 | 1.6% | 33 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $5.5B | 4,794,836 | 1.6% | 34 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $5.2B | 9,247,543 | 1.5% | 34 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $4.7B | 8,030,571 | 1.4% | 34 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $4.1B | 3,379,627 | 1.2% | 34 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $4.0B | 9,603,163 | 1.2% | 34 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $4.0B | 15,661,323 | 1.2% | 34 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $3.5B | 24,778,473 | 1.0% | 34 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $3.4B | 43,577,836 | 1.0% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.1B | 8,889,958 | 0.9% | 34 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $2.9B | 3,997,687 | 0.8% | 34 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.7B | 10,772,949 | 0.8% | 34 |
| DEUTSCHE BK AG | [DB](https://holderbook.com/stocks/DB/) | $2.6B | 76,744,247 | 0.8% | 34 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.6B | 7,909,780 | 0.8% | 34 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $2.4B | 12,640,672 | 0.7% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.4B | 41,403,518 | 0.7% | 34 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $2.1B | 18,607,297 | 0.6% | 34 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.0B | 17,001,568 | 0.6% | 34 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $1.9B | 3,673,891 | 0.6% | 14 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $1.9B | 4,390,915 | 0.6% | 7 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.9B | 3,678,859 | 0.5% | 34 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $1.9B | 34,135,814 | 0.5% | 34 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $1.7B | 9,488,249 | 0.5% | 34 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.6B | 3,273,809 | 0.5% | 34 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.6B | 18,216,533 | 0.5% | 34 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $1.6B | 9,357,496 | 0.5% | 7 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.5B | 11,964,180 | 0.4% | 34 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $1.5B | 1,591,694 | 0.4% | 17 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.5B | 16,706,669 | 0.4% | 34 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $1.5B | 4,343,546 | 0.4% | 34 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.5B | 10,691,402 | 0.4% | 34 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.5B | 1,364,014 | 0.4% | 34 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $1.4B | 18,449,877 | 0.4% | 34 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.4B | 20,124,118 | 0.4% | 34 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.4B | 9,712,971 | 0.4% | 34 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.4B | 1,463,192 | 0.4% | 34 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $1.4B | 8,780,754 | 0.4% | 34 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $1.3B | 593,382 | 0.4% | 6 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.3B | 16,563,611 | 0.4% | 34 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $1.3B | 17,615,045 | 0.4% | 34 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $1.2B | 4,081,615 | 0.4% | 34 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $1.2B | 6,911,994 | 0.4% | 34 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $1.2B | 10,257,866 | 0.3% | 9 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $1.2B | 24,147,522 | 0.3% | 34 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.2B | 7,176,502 | 0.3% | 34 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.2B | 6,376,694 | 0.3% | 34 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $1.2B | 3,916,888 | 0.3% | 21 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.2B | 8,533,926 | 0.3% | 34 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $1.1B | 4,975,818 | 0.3% | 34 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $1.1B | 1,073,427 | 0.3% | 34 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $1.1B | 23,929,933 | 0.3% | 34 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $1.1B | 5,030,160 | 0.3% | 34 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $1.1B | 6,701,631 | 0.3% | 34 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $1.1B | 2,907,195 | 0.3% | 20 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $1.1B | 11,751,973 | 0.3% | 34 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $1.1B | 3,592,938 | 0.3% | 34 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $1.1B | 14,807,469 | 0.3% | 29 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.1B | 3,921,166 | 0.3% | 34 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $1.1B | 4,281,492 | 0.3% | 34 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $1.0B | 15,821,521 | 0.3% | 29 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.0B | 877,600 | 0.3% | 9 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.0B | 2,860,316 | 0.3% | 34 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $1.0B | 4,239,087 | 0.3% | 34 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.0B | 2,407,436 | 0.3% | 34 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $994.9M | 4,442,676 | 0.3% | 34 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $987.6M | 1,009,679 | 0.3% | 34 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $969.0M | 7,152,570 | 0.3% | 34 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $960.8M | 3,416,803 | 0.3% | 34 |
| AGILENT TECHNOLOGIES INC | [A](https://holderbook.com/stocks/A/) | $931.0M | 7,008,634 | 0.3% | 34 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $927.9M | 2,743,385 | 0.3% | 34 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $918.4M | 7,269,170 | 0.3% | 34 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $911.2M | 9,755,675 | 0.3% | 34 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $896.6M | 9,671,008 | 0.3% | 34 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $891.2M | 6,081,070 | 0.3% | 34 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $885.6M | 1,386,468 | 0.3% | 34 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $884.1M | 20,882,074 | 0.3% | 34 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $871.3M | 2,044,746 | 0.3% | 34 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $866.9M | 5,722,118 | 0.3% | 34 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $859.4M | 10,399,699 | 0.2% | 34 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $858.5M | 1,869,749 | 0.2% | 33 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $853.0M | 2,355,705 | 0.2% | 34 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $818.0M | 5,844,492 | 0.2% | 34 |
| TARGA RES CORP | [TRGP](https://holderbook.com/stocks/TRGP/) | $811.2M | 3,025,248 | 0.2% | 34 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $791.6M | 782,733 | 0.2% | 34 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $784.4M | 1,579,110 | 0.2% | 34 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $774.8M | 37,432,242 | 0.2% | 34 |
| CENTERPOINT ENERGY INC | [CNP](https://holderbook.com/stocks/CNP/) | $770.9M | 17,503,887 | 0.2% | 34 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $758.6M | 1,588,382 | 0.2% | 34 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $758.3M | 31,492,018 | 0.2% | 34 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $752.8M | 13,016,006 | 0.2% | 34 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $750.2M | 3,659,169 | 0.2% | 34 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $749.2M | 6,771,976 | 0.2% | 34 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $725.9M | 3,825,965 | 0.2% | 25 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $722.9M | 6,062,146 | 0.2% | 34 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +14.0% | +14.8% | -0.8% | 100% |
| Q1 2026 | -3.3% | -4.6% | +1.3% | 100% |
| Q4 2025 | +2.2% | +2.4% | -0.2% | 100% |
| Q3 2025 | +8.0% | +7.8% | +0.1% | 100% |
| Q2 2025 | +9.3% | +10.5% | -1.2% | 100% |
| Q1 2025 | -3.3% | -4.6% | +1.3% | 100% |
| Q4 2024 | +0.8% | +2.1% | -1.4% | 100% |
| Q3 2024 | +5.9% | +5.4% | +0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $344.4B | 3,678 |
| Q1 2026 | $302.7B | 3,588 |
| Q4 2025 | $307.1B | 3,594 |
| Q3 2025 | $298.4B | 3,571 |
| Q2 2025 | $271.6B | 3,588 |
| Q1 2025 | $252.4B | 3,566 |
| Q4 2024 | $255.4B | 3,561 |
| Q3 2024 | $245.7B | 3,560 |
| Q2 2024 | $221.7B | 3,518 |
| Q1 2024 | $215.5B | 3,568 |
| Q4 2023 | $196.0B | 3,577 |
| Q3 2023 | $154.9B | 3,665 |