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Asset Manager ← All Institutions

DEUTSCHE BANK AG\

TAUNUSANLAGE 12 D-60325, FRANKFURT AM MAIN GE, 2M 00000 • 212 250 1540

Q2 2025 · Filed 2025-08-12
Market Value
$271.5B
+4.7%
Holdings
9,233
+141
New Purchases
141
Added To
1,246
Closed
5,666
Reduced
1,977
Top 10 Concentration
27.1%
Turnover
62.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 5.68% 4.73% +0.95% $15.4B
NVDA 5.11% 4.43% +0.68% $13.9B
META 2.25% 1.81% +0.45% $6.1B
AVGO 1.47% 1.03% +0.45% $4.0B
DB 0.69% 0.29% +0.41% $1.9B
PLTR 0.44% 0.20% +0.24% $1.2B
NFLX 0.66% 0.45% +0.21% $1.8B
UBER 0.40% 0.21% +0.19% $1.1B
AMZN 2.40% 2.23% +0.17% $6.5B
SPOT 0.34% 0.16% +0.17% $910M
WMT 0.52% 0.36% +0.17% $1.4B
BAC 0.73% 0.56% +0.16% $2.0B
AMD 0.52% 0.37% +0.15% $1.4B
GE 0.31% 0.17% +0.14% $843M
AEM 0.50% 0.36% +0.14% $1.3B

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UNH 0.38% 1.03% -0.65% $1.0B
AAPL 3.76% 4.21% -0.45% $10.2B
GOOGL 2.51% 2.85% -0.35% $6.8B
MRK 0.50% 0.74% -0.24% $1.3B
OKE 0.17% 0.36% -0.19% $465M
PG 0.45% 0.59% -0.14% $1.2B
SRE 0.17% 0.30% -0.14% $452M
CRM 0.40% 0.54% -0.13% $1.1B
AVB 0.04% 0.17% -0.13% $121M
ACN 0.36% 0.48% -0.12% $984M
SLB 0.31% 0.42% -0.11% $848M
EIX 0.03% 0.13% -0.11% $74M
AZO 0.15% 0.25% -0.11% $401M
PCG 0.22% 0.33% -0.10% $604M
SPG 0.14% 0.24% -0.10% $379M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 18.0%
Healthcare 17.2%
Financial Services 16.1%
Industrials 14.2%
Consumer Defensive 7.7%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 74 $122.2B 45.1%
Large Cap 998 $135.9B 50.1%
Mid Cap 1,261 $10.7B 3.9%
Small Cap 1,490 $2.1B 0.8%
Micro Cap 1,062 $260M 0.1%

Portfolio Analytics

Avg Market Cap
$20.8B
Median Market Cap
$1.8B
Avg P/E
28.8
Median P/E
18.3
Avg Dividend Yield
0.04%
Avg Beta
2.04
# Stocks
4,110
# ETFs / Funds
791

Top Holdings (9,233 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 5.68% 31,005,553 $15.4B $497.41 $3.2B +1,909,573 +6.6%
2 NVDA 5.11% 87,763,215 $13.9B $157.99 $2.4B +2,237,129 +2.6%
3 AAPL 3.76% 49,790,911 $10.2B $205.17 -$704M +6,184,646 +14.2%
4 GOOGL 2.51% 38,596,506 $6.8B $176.23 -$593M -468,493 -1.2%
5 AMZN 2.40% 29,711,408 $6.5B $219.39 $740M +3,372,527 +12.8%
6 META 2.25% 8,291,585 $6.1B $738.09 $1.4B +297,691 +3.7%
7 GOOG 1.52% 23,211,889 $4.1B $177.39 $262M +2,965,101 +14.6%
8 AVGO 1.47% 14,524,375 $4.0B $275.65 $1.3B +3,009,603 +26.1%
9 TSLA 1.20% 10,276,129 $3.3B $317.66 -$105M +1,933,199 +23.2%
10 V 1.16% 8,859,653 $3.1B $355.05 $186M -506,103 -5.4%
11 JPM 1.06% 9,955,099 $2.9B $289.91 -$113M -2,554,964 -20.4%
12 LLY 1.01% 3,502,473 $2.7B $779.53 $394M +476,834 +15.8%
13 JNJ 0.89% 15,845,626 $2.4B $152.75 $416M +1,985,513 +14.3%
14 BAC 0.73% 41,598,066 $2.0B $47.32 $511M +8,446,062 +25.5%
15 DB 0.69% 64,146,431 $1.9B $29.28 $1.1B +20,805,589 +48.0%
16 NFLX 0.66% 1,330,263 $1.8B $1,339.13 $620M +27,160 +2.1%
17 ABBV 0.63% 9,181,527 $1.7B $185.62 -$32M -587,575 -6.0%
18 BKNG 0.62% 289,419 $1.7B $5,789.24 $294M +11,356 +4.1%
19 MDT 0.61% 18,992,253 $1.7B $87.17 $182M +548,609 +3.0%
20 ENB 0.61% 36,490,791 $1.7B $45.32 $112M +154,579 +0.4%
21 AMT 0.58% 7,166,339 $1.6B $221.02 $282M +68,166 +1.0%
22 MA 0.58% 2,797,097 $1.6B $561.94 $102M +5,189 +0.2%
23 ABT 0.55% 11,010,559 $1.5B $136.01 $93M -1,408,379 -11.3%
24 HD 0.55% 4,073,468 $1.5B $366.64 -$179M -226,693 -5.3%
25 ADBE 0.53% 3,727,225 $1.4B $386.88 -$113M +230,258 +6.6%
26 BRK-B 0.53% 2,945,739 $1.4B $485.77 $119M +51,414 +1.8%
27 WMT 0.52% 14,564,632 $1.4B $97.78 $497M +4,308,256 +42.0%
28 ORCL 0.52% 6,463,769 $1.4B $218.63 $277M -357,314 -5.2%
29 AMD 0.52% 9,918,990 $1.4B $141.90 $447M +1,965,363 +24.7%
30 PGR 0.51% 5,211,096 $1.4B $266.86 $85M -236,346 -4.3%
31 MRK 0.50% 17,042,622 $1.3B $79.16 -$566M -2,203,835 -11.5%
32 PEP 0.50% 10,211,365 $1.3B $132.04 $112M +2,081,088 +25.6%
33 AEM 0.50% 11,317,932 $1.3B $118.93 $414M -598,807 -5.0%
34 NOW 0.49% 1,285,818 $1.3B $1,028.08 $21M +58,743 +4.8%
35 LIN 0.47% 2,739,947 $1.3B $469.18 $72M -158,588 -5.5%
36 COST 0.47% 1,285,786 $1.3B $989.94 -$61M -169,784 -11.7%
37 XOM 0.45% 11,450,244 $1.2B $107.80 -$15M -162,338 -1.4%
38 AMAT 0.45% 6,681,811 $1.2B $183.07 $255M +727,506 +12.2%
39 PG 0.45% 7,658,750 $1.2B $159.32 -$320M -1,531,140 -16.7%
40 QCOM 0.44% 7,585,156 $1.2B $159.26 $11M -205,342 -2.6%
41 PLTR 0.44% 8,778,147 $1.2B $136.32 $683M +1,992,922 +29.4%
42 INTU 0.43% 1,480,145 $1.2B $787.63 $334M +157,085 +11.9%
43 WMB 0.43% 18,412,558 $1.2B $62.81 $259M +1,825,065 +11.0%
44 NEE 0.41% 16,066,261 $1.1B $69.42 $34M +979,102 +6.5%
45 CRM 0.40% 4,005,158 $1.1B $272.69 -$298M -153,499 -3.7%
46 UBER 0.40% 11,702,178 $1.1B $93.30 $555M +2,797,105 +31.4%
47 CSCO 0.40% 15,689,099 $1.1B $69.38 $163M +56,456 +0.4%
48 UNH 0.38% 3,317,060 $1.0B $311.97 -$1.6B -1,966,054 -37.2%
49 IBM 0.37% 3,385,133 $998M $294.78 $79M -794,195 -19.0%
50 CB 0.37% 3,441,443 $997M $289.72 $2M -161,702 -4.5%
51 ACN 0.36% 3,292,781 $984M $298.89 -$262M -249,101 -7.0%
52 AXP 0.35% 2,983,059 $952M $318.98 $151M +284,427 +10.5%
53 KO 0.35% 13,410,733 $949M $70.75 $178M +1,022,864 +8.3%
54 ANET 0.35% 9,263,236 $948M $102.31 $241M +2,866,082 +44.8%
55 EXC 0.34% 20,981,373 $911M $43.42 $268M +3,892,065 +22.8%
56 WFC 0.34% 11,367,801 $911M $80.12 $187M +1,062,047 +10.3%
57 SPOT 0.34% 1,186,190 $910M $767.34 $484M +233,775 +24.5%
58 SLB 0.31% 25,076,135 $848M $33.80 -$254M -3,661,568 -12.7%
59 GE 0.31% 3,275,242 $843M $257.39 $405M +648,842 +24.7%
60 ADP 0.31% 2,691,223 $830M $308.40 $58M +52,677 +2.0%
61 MDLZ 0.30% 12,166,831 $821M $67.44 $194K -1,567,249 -11.4%
62 BSX 0.30% 7,548,798 $811M $107.41 $325M +2,109,955 +38.8%
63 UNP 0.30% 3,515,399 $809M $230.08 -$29M -159,442 -4.3%
64 T 0.30% 27,783,038 $804M $28.94 $232M +2,678,092 +10.7%
65 MCD 0.29% 2,694,247 $787M $292.17 $34M +94,657 +3.6%
66 TXN 0.29% 3,775,145 $784M $207.62 $98M +116,111 +3.2%
67 EQIX 0.29% 977,167 $777M $795.47 -$88M +59,814 +6.5%
68 UBS 0.29% 22,950,153 $776M $33.82 -$43M -4,063,753 -15.0%
69 PYPL 0.29% 10,432,436 $775M $74.32 -$30M +992,548 +10.5%
70 DIS 0.28% 6,234,493 $773M $124.01 $92M +114,302 +1.9%
71 BLK 0.28% 715,872 $751M $1,049.25 $317M +292,010 +68.9%
72 ISRG 0.27% 1,371,451 $745M $543.41 $63M +64,198 +4.9%
73 VZ 0.27% 16,956,104 $734M $43.27 $42M -344,971 -2.0%
74 WELL 0.27% 4,699,009 $722M $153.73 $92M -304,094 -6.1%
75 PLD 0.26% 6,731,694 $708M $105.12 $52M +528,409 +8.5%
76 AMGN 0.26% 2,528,210 $706M $279.21 -$132M -685,065 -21.3%
77 GS 0.26% 979,342 $693M $707.75 $99M -58,715 -5.7%
78 MMC 0.25% 3,154,512 $690M $218.64 -$100M -565,318 -15.2%
79 GILD 0.25% 6,181,039 $685M $110.87 -$11M -1,355,759 -18.0%
80 PFE 0.25% 28,121,306 $682M $24.24 -$19M +1,728,545 +6.5%
81 TMUS 0.25% 2,854,322 $680M $238.26 -$85M -611,212 -17.6%
82 ETN 0.25% 1,895,758 $677M $356.99 $161M +341,487 +22.0%
83 C 0.25% 7,850,987 $668M $85.12 $235M +1,691,352 +27.5%
84 INTC 0.25% 29,742,234 $666M $22.40 $184M +5,712,137 +23.8%
85 PANW 0.24% 3,186,919 $652M $204.64 $155M +455,059 +16.7%
86 ADI 0.24% 2,731,242 $650M $238.02 $191M +572,328 +26.5%
87 MS 0.24% 4,584,245 $646M $140.86 $33M -286,014 -5.9%
88 TJX 0.24% 5,173,727 $639M $123.49 $21M +59,090 +1.2%
89 CL 0.23% 6,995,744 $636M $90.90 $7M +72,750 +1.1%
90 APH 0.23% 6,432,935 $635M $98.75 $365M +2,536,737 +65.1%
91 CNI 0.23% 6,054,629 $630M $104.04 $51M +353,204 +6.2%
92 VRTX 0.23% 1,407,634 $627M $445.20 $67M +18,029 +1.3%
93 SPGI 0.23% 1,188,105 $626M $527.29 $74M +77,991 +7.0%
94 PCG 0.22% 43,341,502 $604M $13.94 -$245M +1,280,160 +3.0%
95 ZTS 0.22% 3,842,232 $599M $155.95 $128M +953,258 +33.0%
96 CAT 0.22% 1,517,385 $589M $388.21 $21M -48,678 -3.1%
97 ALL 0.21% 2,890,514 $582M $201.31 -$42M -343,167 -10.6%
98 WEC 0.21% 5,582,381 $582M $104.20 $44M -139,777 -2.4%
99 SCHW 0.21% 6,338,971 $578M $91.24 $188M +1,063,944 +20.2%
100 ADSK 0.21% 1,864,319 $577M $309.57 $153M +427,833 +29.8%

Options Breakdown

869 Calls $33M Call Value 389 Puts $83M Put Value 2.48 P/C Ratio

Top Calls

SymbolSharesValueStatus
MIDD 94,400 $14M
GPN 140,000 $11M
SATS 228,400 $6M NEW
F 140,000 $2M
TMUS 1,600 $381K
ALVOW 47,269 $63K
LEGT/WS 246,500 $57K
OXY-WT 2,153 $45K
SPWRW 100,000 $33K
SPKLW 145,000 $29K

Top Puts

SymbolSharesValueStatus
PANW 200,000 $41M
LRCX 225,000 $22M NEW
SE 40,000 $6M
JD 0.25 06/01/29 5,860,000 $6M NEW
ASTS 123,300 $6M
BFH 25,000 $1M
RIVN 8,700 $120K
COR 300 $90K
GLNG $0 SOLD
LEN $0 SOLD

New Positions

SymbolValue% Port
AMRZ $216M 0.08%
SMA $75M 0.03%
B $34M 0.01%
BABA Note
0.5% due 06/01/31
$24M 0.01%
PTON Note
5.5% due 12/01/29
$18M 0.01%
EMRAF $14M 0.01%
HSAI $14M 0.01%
PCRX Note
2.125% due 05/15/29
$10M —%
RKLB $10M —%
RAL $6M —%
WEC Note
4.375% due 06/01/29
$5M —%
MKSI Note
1.25% due 06/01/30
$3M —%
CIB $2M —%
ITRI Note
1.375% due 07/15/30
$2M —%
UGI Note
5% due 06/01/28
$2M —%

Sold Out Positions

SymbolValue% Port
GSBD —%
HMY —%
NGL —%
NRGV —%
ONDS —%
SHV —%
FOSL —%
CSIQ —%
JCTC —%
ENTA —%
BWEN —%
VNDA —%
BRID —%
MSGM —%
ASX —%
View SEC EDGAR Filings for DEUTSCHE BANK AG\ →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms