DB
Deutsche Bank Ag\ 13F Holdings Tracker (Q2 2026)
Deutsche Bank Ag\CIK: 0000948046
Diversified strategyMomentum follower
Total reported value
$344.4B
Reporting period: 2026-06-30 · Number of holdings: 14348
DEUTSCHE BANK AG\ disclosed 14348 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $344.4B and a quarterly turnover rate of 23.7%.
Browse other institutions with over $100B AUMBrowse other institutions starting with "D"
Personality snowflake
- Concentration
- 4.32
- Portfolio Stability
- 23.66
- Momentum
- 75.42
- Sector conviction
- 49.05
- Diversification
- 100
- Sizing Uniformity
- 37.75
Deutsche Bank Ag\'s disclosed holdings carry a Herfindahl concentration index of 0.011 — mathematically equivalent to about 93 equally-sized positions, well below its 14348 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 6.22), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd MU
+2.7% $4.0B
Add AMD
-2.8% $3.0B
Add INTC
-10.7% $2.2B
Trim MSFT
-0.2% $73.1M
Add GOOGL
+4.0% $2.5B
Trim TTE
+1.5% -$516.8M
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
Deutsche Bank AG's quarter-end filing (June 30, 2026) shows a vast, thinly spread book — 3,678 positions with an HHI near 0.011 — turned over at a moderate ~23.7%. The active decisions cluster in technology: Micron was built up aggressively, its weight roughly tripling from 0.52% to 1.61%, while Nvidia, both Alphabet share classes, Apple, and Amazon were all added to. Tellingly, AMD and Intel were trimmed on a share-count basis yet saw their weights rise to 1.35% and 1.00% respectively, suggesting price appreciation outran the selling; with no share-change percentages disclosed, trade sizes can only be inferred from these weight shifts.
Macro & Fundamentals
The flows line up with the market's deepening preference for semiconductors and large-cap technology — memory and AI-compute-linked names were accumulated in tandem, and a momentum-leaning profile (score 75.4) points to trend-following rather than bottom-fishing. That said, this is an inference drawn from a single quarter of holdings data and falls short of establishing causality.
Blind Spots / Risks
The headline diversification is partly an illusion: thousands of line items push the HHI down to roughly 0.011, yet Information Technology alone accounts for 33.1% of the book. If the semiconductor or AI-capex cycle turns, the sharply grown Micron stake and the broad tech sleeve would likely de-rate together — a crowded-trade setup in which one macro factor drives correlated losses. A further wrinkle: approximately 4.5% of reported value could not be mapped to any sector, so the sector mix itself carries genuine measurement uncertainty.
This overview is machine-generated from this institution's regulatory filings on SEC EDGAR and describes past disclosures only — it does not constitute financial advice. View the original 2026-06-30 Form 13F filing on SEC.gov
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 14348 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 5.34% | +0.16% | +2.27% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 3.97% | +0.07% | +1.37% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 3.53% | -0.46% | -0.16% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.17% | +0.38% | +4.02% | |
| 5 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.44% | +0.22% | +9.22% | |
| 6 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.78% | +0.23% | +5.57% | |
| 7 | AVGO | Broadcom Inc | Stock-Tech | 1.64% | +0.13% | +1.28% | |
| 8 | MU | Micron Technology Inc | Stock-Tech | 1.61% | +1.09% | +2.65% | |
| 9 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.51% | -0.13% | +6.73% | |
| 10 | AMD | Advanced Micro Devices | Stock-Tech | 1.35% | +0.79% | -2.76% | |
| 11 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.18% | +0.10% | -4.74% | |
| 12 | TSLA | Tesla Inc | Stock-Consumer Disc | 1.17% | +0.17% | +18.24% | |
| 13 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.15% | -0.02% | +8.49% | |
| 14 | INTC | Intel CORP | Stock-Tech | 1.00% | +0.60% | -10.69% | |
| 15 | TTE | TotalEnergies SE | Stock-Other | 0.98% | -0.31% | +1.52% | |
| 16 | V | Visa Inc-class A Shares | Stock-Financials | 0.89% | +0.01% | +0.90% | |
| 17 | AMAT | Applied Materials Inc | Stock-Tech | 0.84% | +0.11% | -38.45% | |
| 18 | ABBV | Abbvie Inc | Stock-Healthcare | 0.79% | +0.11% | +13.03% | |
| 19 | DB | Deutsche Bank Aktiengesellschaft | Stock-Financials | 0.75% | +0.06% | +9.83% | |
| 20 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.75% | -0.06% | -4.83% | |
| 21 | AZN | AstraZeneca PLC | Stock-Healthcare | 0.70% | -0.09% | +4.21% | |
| 22 | BAC | Bank Of America CORP | Stock-Financials | 0.68% | -0.06% | -10.26% | |
| 23 | WMT | Walmart Inc | Stock-Consumer Staples | 0.61% | +0.11% | +54.01% | |
| 24 | CSCO | Cisco Systems Inc | Stock-Tech | 0.58% | +0.15% | +1.41% | |
| 25 | LIN | Linde plc | Stock-Materials | 0.55% | -0.05% | +0.98% | |
| 26 | LRCX | Lam Research CORP | Stock-Tech | 0.55% | +0.23% | -2.41% | |
| 27 | MA | Mastercard Inc - A | Stock-Financials | 0.55% | +0.03% | +17.65% | |
| 28 | ENB | Enbridge Inc | Stock-Energy | 0.54% | -0.08% | -1.28% | |
| 29 | BKNG | Booking Holdings Inc | Stock-Consumer Disc | 0.49% | +0.01% | +2656.02% | |
| 30 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.48% | -0.08% | -8.23% | |
| 31 | NEE | Nextera Energy Inc | Stock-Utilities | 0.46% | -0.08% | +2.93% | |
| 32 | ANET | Arista Networks Inc | Stock-Tech | 0.46% | +0.10% | +4.33% | |
| 33 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.45% | -0.05% | -4.60% | |
| 34 | STX | Seagate Technology Holdings plc | Stock-Tech | 0.45% | +0.22% | -9.52% | |
| 35 | ABT | Abbott Laboratories | Stock-Healthcare | 0.44% | -0.04% | +18.56% | |
| 36 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.43% | +0.19% | -4.51% | |
| 37 | XOM | Exxon Mobil CORP | Stock-Energy | 0.42% | -0.25% | -11.01% | |
| 38 | CAT | Caterpillar Inc | Stock-Industrials | 0.42% | +0.10% | +0.23% | |
| 39 | MDT | Medtronic plc | Stock-Healthcare | 0.42% | -0.12% | -2.91% | |
| 40 | NFLX | Netflix Inc | Stock-Comm Services | 0.42% | -0.16% | +9.71% | |
| 41 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.41% | -0.03% | +6.67% | |
| 42 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.40% | -0.05% | +8.11% | |
| 43 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 0.40% | -0.19% | +0.59% | |
| 44 | SNDK | Sandisk CORP | Stock-Tech | 0.39% | +0.17% | -42.22% | |
| 45 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.39% | — | +7.14% | |
| 46 | WMB | Williams Cos Inc | Stock-Energy | 0.38% | -0.08% | -7.13% | |
| 47 | KLAC | Kla CORP | Stock-Tech | 0.36% | +0.13% | +777.74% | |
| 48 | APH | Amphenol Corp-cl A | Stock-Tech | 0.35% | +0.08% | +7.90% | |
| 49 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.35% | -0.14% | +1.14% | |
| 50 | UBS | UBS Group AG | Stock-Financials | 0.35% | -0.06% | -24.36% |
1–50 of 200
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
+3.1%
Performance Last 4 Quarters
+22.5%
- Stdev
- +12.2%
- Beta
- +0.93
- Alpha
- -0.4%
- Max Drawdown
- -7.3%
- Annualized Perf
- +18.9%
- Batting Avg vs S&P
- +36.1%
- Sortino
- +3.03
- Stutzer
- +0.44
- Treynor
- +0.2
- Sterling
- +1.22
- Calmar
- +2.6
- Information Ratio
- -0.77
- Tracking Error
- +2.4%
- Stdev Down
- +6%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +30.6%
- Worst 12 Months
- +5.8%
- Efficiency Ratio
- +0.62
- Sharpe
- +1.49
- Stdev Sectors
- +8.1%
- Skewness
- +0.02
- Kurtosis
- -0.12
- Upside Potential
- +4.6
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 14348 | $344.4B | 24 | ||
| 2026 Q1 | 13982 | $302.7B | 21 | ||
| 2025 Q4 | 14052 | $307.1B | 17 | ||
| 2025 Q3 | 13843 | $298.4B | 31 | ||
| 2025 Q2 | 13750 | $271.6B | 0 | ||
| 2025 Q1 | 13354 | $252.4B | 99 | ||
| 2024 Q4 | 13196 | $255.4B | 0 | ||
| 2024 Q3 | 12532 | $245.7B | 0 | ||
| 2024 Q2 | 12542 | $221.7B | 0 | ||
| 2024 Q1 | 12868 | $215.5B | 0 | ||
| 2023 Q4 | 13540 | $196.0B | 0 | ||
| 2023 Q3 | 13031 | $154.9B | 0 | ||
| 2023 Q2 | 14474 | $188.1B | 0 | ||
| 2023 Q1 | 15407 | $179.6B | 0 | ||
| 2022 Q4 | 14254 | $173.8B | 0 | ||
| 2022 Q3 | 14293 | $165.7B | 0 | ||
| 2022 Q2 | 16408 | $179.2B | 0 | ||
| 2022 Q1 | 16544 | $214.4B | 0 | ||
| 2021 Q4 | 17039 | $222.4B | 0 | ||
| 2021 Q3 | 19186 | $210.8B | 0 | ||
| 2021 Q2 | 19672 | $205.9B | 100 | ||
| 2021 Q1 | 19286 | $185.7B | 24 | ||
| 2020 Q4 | 18570 | $163.8B | 24 | ||
| 2020 Q3 | 18566 | $145.4B | 24 | ||
| 2020 Q2 | 17850 | $131.6B | 31 | ||
| 2020 Q1 | 18891 | $112.0B | 39 | ||
| 2019 Q4 | 19698 | $153.5B | 26 | ||
| 2019 Q3 | 21215 | $144.0B | 27 | ||
| 2019 Q2 | 24160 | $170.4B | 27 | ||
| 2019 Q1 | 23951 | $168.0B | 34 | ||
| 2018 Q4 | 21859 | $141.0B | 38 | ||
| 2018 Q3 | 22632 | $197.8B | — | ||
| 2018 Q2 | 21882 | $200.8B | 30 | ||
| 2018 Q1 | 22644 | $209.5B | 46 | ||
| 2017 Q4 | 21183 | $156.1B | 32 | ||
| 2017 Q3 | 20611 | $145.9B | 28 | ||
| 2017 Q2 | 18181 | $140.1B | 27 | ||
| 2017 Q1 | 17840 | $135.4B | 28 | ||
| 2016 Q4 | 18029 | $124.4B | 31 | ||
| 2016 Q3 | 17879 | $141.5B | 25 | ||
| 2016 Q2 | 18755 | $141.6B | 28 | ||
| 2016 Q1 | 18671 | $132.7B | 30 | ||
| 2015 Q4 | 18857 | $144.5B | 37 | ||
| 2015 Q3 | 19332 | $129.4B | 39 | ||
| 2015 Q2 | 19052 | $156.7B | 27 | ||
| 2015 Q1 | 19119 | $160.8B | 38 | ||
| 2014 Q4 | 18850 | $162.1B | 34 | ||
| 2014 Q3 | 18011 | $161.1B | 28 | ||
| 2014 Q2 | 18256 | $147.2B | 32 | ||
| 2014 Q1 | 17093 | $140.8B | 29 | ||
| 2013 Q4 | 17152 | $139.1B | 32 | ||
| 2013 Q3 | 19068 | $135.5B | 100 | ||
| 2013 Q2 | 19304 | $122.0B | — |
Holding changes this quarter
Deutsche Bank Ag\'s most significant position changes for 2026-06-30: Sold out: Honeywell International Inc (HON); New buy: ; Sold out: Hologic Inc (HO1); Sold out: Coterra Energy Inc (CTRA); New buy: .
Showing top 200 changes by size (of 3875 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +1.1% | +2.65% | Add |
| 2 | AMD | Advanced Micro Devices | +0.8% | -2.76% | Trim |
| 3 | INTC | Intel CORP | +0.6% | -10.69% | Trim |
| 4 | GOOGL | Alphabet Inc-cl A | +0.4% | +4.02% | Add |
| 5 | MRVL | Marvell Technology Inc | +0.2% | +34.54% | Add |
| 6 | GOOG | Alphabet Inc-cl C | +0.2% | +5.57% | Add |
| 7 | LRCX | Lam Research CORP | +0.2% | -2.41% | Trim |
| 8 | AMZN | Amazon.com Inc | +0.2% | +9.22% | Add |
| 9 | STX | Seagate Technology Holdings plc | +0.2% | -9.52% | Trim |
| 10 | PANW | Palo Alto Networks Inc | +0.2% | -4.51% | Trim |
| 11 | TSLA | Tesla Inc | +0.2% | +18.24% | Add |
| 12 | SNDK | Sandisk CORP | +0.2% | -42.22% | Trim |
| 13 | NVDA | Nvidia CORP | +0.2% | +2.27% | Add |
| 14 | CSCO | Cisco Systems Inc | +0.2% | +1.41% | Add |
| 15 | AVGO | Broadcom Inc | +0.1% | +1.28% | Add |
| 16 | KLAC | Kla CORP | +0.1% | +777.74% | Add |
| 17 | AMAT | Applied Materials Inc | +0.1% | -38.45% | Trim |
| 18 | ABBV | Abbvie Inc | +0.1% | +13.03% | Add |
| 19 | WMT | Walmart Inc | +0.1% | +54.01% | Add |
| 20 | LLY | Eli Lilly & Co | +0.1% | -4.74% | Trim |
| 21 | ANET | Arista Networks Inc | +0.1% | +4.33% | Add |
| 22 | CAT | Caterpillar Inc | +0.1% | +0.23% | Add |
| 23 | TXN | Texas Instruments Inc | +0.1% | +5.63% | Add |
| 24 | ALL | Allstate CORP | +0.1% | +44.99% | Add |
| 25 | WDC | Western Digital CORP | +0.1% | -25.97% | Trim |
| 26 | APH | Amphenol Corp-cl A | +0.1% | +7.90% | Add |
| 27 | GEV | GE Vernova Inc | +0.1% | +15.64% | Add |
| 28 | AAPL | Apple Inc | +0.1% | +1.37% | Add |
| 29 | QCOM | Qualcomm Inc | +0.1% | +2.20% | Add |
| 30 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | -3.37% | Trim |
| 31 | ✓ | +0.1% | NEW | New buy | |
| 32 | DB | Deutsche Bank Aktiengesellschaft | +0.1% | +9.83% | Add |
| 33 | UNH | Unitedhealth Group Inc | +0.1% | -5.04% | Trim |
| 34 | ALAB | Astera Labs Inc | +0.1% | -7.77% | Trim |
| 35 | SBAC | Sba Communications CORP | +0.1% | +278.16% | Add |
| 36 | PSA | Public Storage | +0.1% | +89.60% | Add |
| 37 | ES | Eversource Energy | +0.1% | +184.08% | Add |
| 38 | NET | Cloudflare Inc - Class A | +0.1% | +31.29% | Add |
| 39 | IREN | IREN Limited | +0.1% | +931.37% | Add |
| 40 | NBIS | Nebius Group N.V. | +0.1% | +32.02% | Add |
| 41 | FLEX | Flex Ltd. | +0.1% | +30.55% | Add |
| 42 | A | Agilent Technologies Inc | 0% | +17.12% | Add |
| 43 | CNP | Centerpoint Energy Inc | 0% | +42.44% | Add |
| 44 | CBOE | Cboe Global Markets Inc | 0% | +89.51% | Add |
| 45 | NXPI | NXP Semiconductors N.V. | 0% | +3.63% | Add |
| 46 | SNOW | Snowflake Inc | 0% | +14.42% | Add |
| 47 | HWM | Howmet Aerospace Inc | 0% | +28.35% | Add |
| 48 | KEY | Keycorp | 0% | +65.75% | Add |
| 49 | WBD | Warner Bros Discovery Inc | 0% | +110.59% | Add |
| 50 | LNT | Alliant Energy CORP | 0% | +165.61% | Add |
1–50 of 200
Filing History
Related 13F Filing Analysis
- DEUTSCHE BANK AG\2026-Q2
Deutsche Bank's biggest Q2 2026 buy: Micron (+$3.96B)
Aug 26, 2026⏱ 3 minMUAMDNVDAGOOGLRead → - DEUTSCHE BANK AG\2026-Q1
Deutsche Bank establishes new $2.39B AstraZeneca stake in Q1
Jul 24, 2026⏱ 2 minMSFTAZNGOOGLTTERead →
FAQ
What is Deutsche Bank Ag\ and what type of investor is it?
Deutsche Bank Ag\ is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $344.4B, spread across 14348 disclosed positions.
What are Deutsche Bank Ag\'s largest equity positions?
Based on the latest 13F filing, Deutsche Bank Ag\'s top holdings by market value are:
1. Nvidia CORP (NVDA) — $18.4B (5.3%)
2. Apple Inc (AAPL) — $13.7B (4.0%)
3. Microsoft CORP (MSFT) — $12.1B (3.5%)
4. Alphabet Inc-cl A (GOOGL) — $10.9B (3.2%)
5. Amazon.com Inc (AMZN) — $8.4B (2.4%)
What changes did Deutsche Bank Ag\ make in its most recent portfolio filing?
In the latest reported quarter, Deutsche Bank Ag\ made 200 notable position adjustments: 4 new positions were initiated, 111 existing holdings were added to, 80 positions were partially reduced, and 5 were completely exited. The largest of these moves: Sold out: Honeywell International Inc (HON); New buy: ; Sold out: Hologic Inc (HO1); Sold out: Coterra Energy Inc (CTRA); New buy:
What sectors does Deutsche Bank Ag\ focus on?
Deutsche Bank Ag\ is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 33.1%
• Financials: 11.2%
• Health Care: 10.9%
• Communication Services: 9.2%
• Consumer Discretionary: 8.3%
• Industrials: 8.2%
Investment Profile
Deutsche Bank Ag\ returned an annualized 18.9% over the trailing 36 months — underperforming the S&P 500 by 0.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.93 (roughly in line with the market) and a 36% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 33.1% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 24 over the past 4 quarters — a shift toward more active trading.
It has added to its MU position over the past two quarters (+$4.2B, now $5.5B), while trimming PLTR over the same stretch (-$760.6M, still holding $1.2B).
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Developer Access
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REST API
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