DEUTSCHE BANK AG\

FRANKFURT AM MAIN, 2M · CIK 948046 · 13F filing filed 2026-08-07

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entity德商德意志銀行股份有限公司 (TW)
Part of DEUTSCHE BANK AKTIENGESELLSCHAFT (DE)

Other 13F filers in this group: DBX Advisors LLC files a notice, DEUTSCHE BANK TRUST COMPANY, NATIONAL ASSOCIATION files a notice, DWS INVESTMENT MANAGEMENT AMERICAS, INC files a notice, DWS International GmbH files a notice, DWS Investment GmbH files a notice, DWS Investment S.A. files a notice, DWS Investments Hong Kong Ltd files a notice, Deutsche Bank (Suisse) SA files a notice, Deutsche Bank Luxembourg S.A. files a notice, Deutsche Bank S.p.A files a notice

4 more

Deutsche Bank Securities Inc\ files a notice, Deutsche Oppenheim Family Office AG files a notice, RREEF AMERICA LLC files a notice, DWS CH AG last filed Q3 2023

$344.1bn reported value +13.8% vs Q1 2026

3,659positions

26.4%in top 10

278 new 2,230 added 1,006 reduced 193 sold out vs Q1 2026

Options: 23 call positions ($245.5m notional), 17 put positions ($64.7m notional) – listed below, not included above.

This report includes the holdings of 18 other managers that share the investment decisions:

DB UK Bank Ltd – reports through this filing
DBX Advisors LLC – reports through this filing
DEUTSCHE BANK NATIONAL TRUST Co – reports through this filing
DEUTSCHE BANK TRUST COMPANY, NATIONAL ASSOCIATION – reports through this filing
DWS INVESTMENT MANAGEMENT AMERICAS, INC – reports through this filing
DWS International GmbH – reports through this filing
DWS Investment GmbH – reports through this filing
DWS Investment S.A. – reports through this filing

10 more

DWS Investments Hong Kong Ltd – reports through this filing
DWS Investments UK Ltd – reports through this filing
Deutsche Bank (Suisse) SA – reports through this filing
Deutsche Bank Luxembourg S.A. – reports through this filing
Deutsche Bank S.p.A – reports through this filing
Deutsche Bank Securities Inc\ – reports through this filing
Deutsche Bank Trust Co Americas – reports through this filing
Deutsche Bank Trust Co Delaware – reports through this filing
Deutsche Oppenheim Family Office AG – reports through this filing
RREEF AMERICA LLC – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	91,954,159	$18.4bn5.35%	5.35%	Added +2.1m	+2,051,501 2.3%
2	APPLE INC COM AAPL	AAPL	47,201,961	$13.7bn3.97%	3.97%	Added +637.6k	+637,639 1.4%
3	MICROSOFT CORP COM MSFT	MSFT	32,564,249	$12.1bn3.53%	3.53%	Reduced -50.9k	-50,875 -0.2%
4	ALPHABET INC CAP STK CL A GOOGL	GOOGL	30,552,576	$10.9bn3.17%	3.17%	Added +1.2m	+1,179,742 4.0%
5	AMAZON COM INC COM AMZN	AMZN	35,278,110	$8.4bn2.44%	2.44%	Added +3.0m	+2,970,083 9.2%
6	ALPHABET INC CAP STK CL C GOOG	GOOG	17,313,729	$6.1bn1.78%	1.78%	Added +913.7k	+913,666 5.6%
7	BROADCOM INC COM AVGO	AVGO	14,986,674	$5.7bn1.65%	1.65%	Added +198.6k	+198,623 1.3%
8	MICRON TECHNOLOGY INC COM MU	MU	4,794,836	$5.5bn1.61%	1.61%	Added +123.9k	+123,919 2.6%
9	META PLATFORMS INC CL A META	META	9,247,543	$5.2bn1.51%	1.51%	Added +583.1k	+583,056 6.7%
10	ADVANCED MICRO DEVICES INC COM AMD	AMD	8,030,571	$4.7bn1.36%	1.36%	Reduced -227.8k	-227,779 -2.8%
11	ELI LILLY & CO COM LLY	LLY	3,379,627	$4.1bn1.18%	1.18%	Reduced -168.1k	-168,145 -4.7%
12	TESLA INC COM TSLA	TSLA	9,603,163	$4.0bn1.17%	1.17%	Added +1.5m	+1,481,088 18.2%
13	JOHNSON & JOHNSON COM JNJ	JNJ	15,661,323	$4.0bn1.16%	1.16%	Added +1.2m	+1,225,676 8.5%
14	INTEL CORP COM INTC	INTC	24,778,473	$3.5bn1.01%	1.01%	Reduced -3.0m	-2,965,005 -10.7%
15	TOTALENERGIES SE ACT TTE	TTE	43,577,836	$3.4bn0.98%	0.98%	Added +652.1k	+652,149 1.5%
16	VISA INC COM CL A V	V	8,889,958	$3.1bn0.89%	0.89%	Added +79.3k	+79,305 0.9%
17	APPLIED MATLS INC COM AMAT	AMAT	3,997,687	$2.9bn0.84%	0.84%	Reduced -2.5m	-2,497,034 -38.5%
18	ABBVIE INC COM ABBV	ABBV	10,772,949	$2.7bn0.79%	0.79%	Added +1.2m	+1,241,587 13.0%
19	DEUTSCHE BANK A G NAMEN AKT DB	DB	76,744,247	$2.6bn0.75%	0.75%	Added +6.9m	+6,867,681 9.8%
20	JPMORGAN CHASE & CO COM JPM	JPM	7,909,780	$2.6bn0.75%	0.75%	Reduced -401.6k	-401,606 -4.8%
21	ASTRAZENECA PLC ORD AZN	AZN	12,640,672	$2.4bn0.70%	0.70%	Added +510.9k	+510,948 4.2%
22	BANK AMERICA CORP COM BAC	BAC	41,403,518	$2.4bn0.69%	0.69%	Reduced -4.7m	-4,734,548 -10.3%
23	WALMART INC COM WMT	WMT	18,607,297	$2.1bn0.61%	0.61%	Added +6.5m	+6,525,224 54.0%
24	CISCO SYS INC COM CSCO	CSCO	17,001,568	$2.0bn0.58%	0.58%	Added +235.7k	+235,666 1.4%
25	LINDE PLC SHS LIN	LIN	3,673,891	$1.9bn0.55%	0.55%	Added +35.8k	+35,770 1.0%
26	LAM RESEARCH CORP COM NEW LRCX	LRCX	4,390,915	$1.9bn0.55%	0.55%	Reduced -108.4k	-108,365 -2.4%
27	MASTERCARD INCORPORATED CL A MA	MA	3,678,859	$1.9bn0.55%	0.55%	Added +552.0k	+552,012 17.6%
28	ENBRIDGE INC COM ENB	ENB	34,135,814	$1.9bn0.54%	0.54%	Reduced -442.5k	-442,537 -1.3%
29	BOOKING HOLDINGS INC COM BKNG	BKNG	9,488,249	$1.7bn0.49%	0.49%	Added +901.4k	+901,399 10.5%
30	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	3,273,809	$1.6bn0.48%	0.48%	Reduced -293.7k	-293,662 -8.2%
31	NEXTERA ENERGY INC COM NEE	NEE	18,216,533	$1.6bn0.46%	0.46%	Added +505.8k	+505,766 2.9%
32	ARISTA NETWORKS INC COM SHS ANET	ANET	9,357,496	$1.6bn0.46%	0.46%	Added +388.4k	+388,354 4.3%
33	MERCK & CO INC COM MRK	MRK	11,964,180	$1.5bn0.45%	0.45%	Reduced -576.6k	-576,594 -4.6%
34	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	1,591,694	$1.5bn0.45%	0.45%	Reduced -167.5k	-167,480 -9.5%
35	ABBOTT LABS COM ABT	ABT	16,706,669	$1.5bn0.44%	0.44%	Added +2.6m	+2,614,965 18.6%
36	PALO ALTO NETWORKS INC COM PANW	PANW	4,343,546	$1.5bn0.43%	0.43%	Reduced -205.2k	-205,167 -4.5%
37	EXXON MOBIL CORP COM XOM	XOM	10,691,402	$1.5bn0.42%	0.42%	Reduced -1.3m	-1,322,827 -11.0%
38	CATERPILLAR INC COM CAT	CAT	1,364,014	$1.5bn0.42%	0.42%	Added +3.1k	+3,133 0.2%
39	MEDTRONIC PLC SHS MDT	MDT	18,449,877	$1.4bn0.42%	0.42%	Reduced -552.5k	-552,537 -2.9%
40	NETFLIX INC COM NFLX	NFLX	20,124,118	$1.4bn0.42%	0.42%	Added +1.8m	+1,764,502 9.6%
41	PROCTER AND GAMBLE CO COM PG	PG	9,712,971	$1.4bn0.41%	0.41%	Added +592.0k	+591,997 6.5%
42	COSTCO WHSL CORP NEW COM COST	COST	1,463,192	$1.4bn0.40%	0.40%	Added +109.8k	+109,754 8.1%
43	AGNICO EAGLE MINES LTD COM AEM	AEM	8,780,754	$1.4bn0.40%	0.40%	Added +51.5k	+51,458 0.6%
44	SANDISK CORP COM SNDK	SNDK	593,382	$1.3bn0.39%	0.39%	Reduced -433.6k	-433,630 -42.2%
45	COCA COLA CO COM KO	KO	16,563,611	$1.3bn0.39%	0.39%	Added +1.1m	+1,103,350 7.1%
46	WILLIAMS COS INC COM WMB	WMB	17,615,045	$1.3bn0.38%	0.38%	Reduced -1.4m	-1,353,178 -7.1%
47	KLA CORP COM NEW KLAC	KLAC	4,081,615	$1.2bn0.36%	0.36%	Reduced -568.5k	-568,515 -12.2%
48	AMPHENOL CORP CL A APH	APH	6,911,994	$1.2bn0.35%	0.35%	Added +506.0k	+506,047 7.9%
49	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	10,257,866	$1.2bn0.35%	0.35%	Added +115.8k	+115,819 1.1%
50	UBS GROUP AG SHS UBS	UBS	24,147,522	$1.2bn0.35%	0.35%	Reduced -7.8m	-7,775,104 -24.4%
51	CHEVRON CORP NEW COM CVX	CVX	7,176,502	$1.2bn0.35%	0.35%	Added +1.9m	+1,868,257 35.2%
52	QUALCOMM INC COM QCOM	QCOM	6,376,694	$1.2bn0.34%	0.34%	Added +137.4k	+137,369 2.2%
53	MARVELL TECHNOLOGY INC COM MRVL	MRVL	3,916,888	$1.2bn0.34%	0.34%	Added +1.0m	+1,005,467 34.5%
54	PEPSICO INC COM PEP	PEP	8,533,926	$1.2bn0.34%	0.34%	Reduced -479.0k	-478,978 -5.3%
55	WELLTOWER INC COM WELL	WELL	4,975,818	$1.1bn0.33%	0.33%	Reduced -168.6k	-168,576 -3.3%
56	EQUINIX INC COM EQIX	EQIX	1,073,427	$1.1bn0.33%	0.33%	Reduced -71.3k	-71,335 -6.2%
57	SCHLUMBERGER LTD COM STK SLB	SLB	23,929,933	$1.1bn0.32%	0.32%	Reduced -1.3m	-1,310,746 -5.2%
58	PROGRESSIVE CORP COM PGR	PGR	5,030,160	$1.1bn0.32%	0.32%	Added +209.6k	+209,607 4.3%
59	AMERICAN TOWER CORP NEW COM AMT	AMT	6,701,631	$1.1bn0.32%	0.32%	Reduced -1.1m	-1,067,722 -13.7%
60	GE AEROSPACE COM NEW GE	GE	2,907,195	$1.1bn0.32%	0.32%	Reduced -590.6k	-590,575 -16.9%
61	COLGATE PALMOLIVE CO COM CL	CL	11,751,973	$1.1bn0.31%	0.31%	Reduced -176.2k	-176,188 -1.5%
62	TEXAS INSTRS INC COM TXN	TXN	3,592,938	$1.1bn0.31%	0.31%	Added +191.6k	+191,591 5.6%
63	UBER TECHNOLOGIES INC COM UBER	UBER	14,807,469	$1.1bn0.31%	0.31%	Added +624.6k	+624,635 4.4%
64	UNION PAC CORP COM UNP	UNP	3,921,166	$1.1bn0.31%	0.31%	Reduced -133.5k	-133,475 -3.3%
65	PNC FINL SVCS GROUP INC COM PNC	PNC	4,281,492	$1.1bn0.31%	0.31%	Added +50.2k	+50,169 1.2%
66	TC ENERGY CORP COM TRP	TRP	15,821,521	$1.0bn0.30%	0.30%	Added +196.5k	+196,543 1.3%
67	GE VERNOVA INC COM GEV	GEV	877,600	$1.0bn0.30%	0.30%	Added +118.7k	+118,716 15.6%
68	HOME DEPOT INC COM HD	HD	2,860,316	$1.0bn0.29%	0.29%	Added +77.7k	+77,701 2.8%
69	ALLSTATE CORP COM ALL	ALL	4,239,087	$1.0bn0.29%	0.29%	Added +1.3m	+1,315,314 45.0%
70	UNITEDHEALTH GROUP INC COM UNH	UNH	2,407,436	$1.0bn0.29%	0.29%	Reduced -127.9k	-127,872 -5.0%
71	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	4,442,676	$994.9m0.29%	0.29%	Added +368.4k	+368,359 9.0%
72	PARKER-HANNIFIN CORP COM PH	PH	1,009,679	$987.6m0.29%	0.29%	Added +119.6k	+119,644 13.4%
73	PROLOGIS INC. COM PLD	PLD	7,152,570	$969.0m0.28%	0.28%	Added +226.9k	+226,909 3.3%
74	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	3,416,803	$960.8m0.28%	0.28%	Reduced -146.3k	-146,332 -4.1%
75	AGILENT TECHNOLOGIES INC COM A	A	7,008,634	$931.0m0.27%	0.27%	Added +1.0m	+1,024,516 17.1%
76	AMERICAN EXPRESS CO COM AXP	AXP	2,743,385	$927.9m0.27%	0.27%	Added +40.1k	+40,056 1.5%
77	GILEAD SCIENCES INC COM GILD	GILD	7,269,170	$918.4m0.27%	0.27%	Added +1.0m	+1,046,842 16.8%
78	NEWMONT CORP COM NEM	NEM	9,755,675	$911.2m0.26%	0.26%	Added +588.3k	+588,278 6.4%
79	SEMPRA COM SRE	SRE	9,671,008	$896.6m0.26%	0.26%	Added +341.5k	+341,518 3.7%
80	ORACLE CORP COM ORCL	ORCL	6,081,070	$891.2m0.26%	0.26%	Added +19.7k	+19,668 0.3%
81	WESTERN DIGITAL CORP COM WDC	WDC	1,386,468	$885.6m0.26%	0.26%	Reduced -486.3k	-486,328 -26.0%
82	VERIZON COMMUNICATIONS INC COM VZ	VZ	20,882,074	$884.1m0.26%	0.26%	Added +1.3m	+1,305,471 6.7%
83	EATON CORP PLC SHS ETN	ETN	2,044,746	$871.3m0.25%	0.25%	Reduced -187.5k	-187,472 -8.4%
84	TJX COS INC NEW COM TJX	TJX	5,722,118	$866.9m0.25%	0.25%	Added +865.2k	+865,186 17.8%
85	WELLS FARGO CO NEW COM WFC	WFC	10,399,699	$859.4m0.25%	0.25%	Reduced -1.5m	-1,459,557 -12.3%
86	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	1,869,749	$858.5m0.25%	0.25%	Reduced -176.4k	-176,390 -8.6%
87	AMGEN INC COM AMGN	AMGN	2,355,705	$853.0m0.25%	0.25%	Added +99.9k	+99,946 4.4%
88	CITIGROUP INC COM NEW C	C	5,844,492	$818.0m0.24%	0.24%	Reduced -1.9m	-1,864,614 -24.2%
89	TARGA RES CORP COM TRGP	TRGP	3,025,248	$811.2m0.24%	0.24%	Added +539.6k	+539,582 21.7%
90	GOLDMAN SACHS GROUP INC COM GS	GS	782,733	$791.6m0.23%	0.23%	Reduced -132.0k	-132,034 -14.4%
91	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	1,579,110	$784.4m0.23%	0.23%	Added +41.4k	+41,374 2.7%
92	AT&T INC COM T	T	37,432,242	$774.8m0.23%	0.23%	Added +5.1m	+5,120,122 15.8%
93	CENTERPOINT ENERGY INC COM CNP	CNP	17,503,887	$770.9m0.22%	0.22%	Added +5.2m	+5,215,355 42.4%
94	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	1,588,382	$758.6m0.22%	0.22%	Reduced -89.4k	-89,388 -5.3%
95	PFIZER INC COM PFE	PFE	31,492,018	$758.3m0.22%	0.22%	Added +63.0k	+63,031 0.2%
96	MONDELEZ INTL INC CL A MDLZ	MDLZ	13,016,006	$752.8m0.22%	0.22%	Added +140.4k	+140,351 1.1%
97	ADOBE INC COM ADBE	ADBE	3,659,169	$750.2m0.22%	0.22%	Added +258.4k	+258,424 7.6%
98	CONSOLIDATED EDISON INC COM ED	ED	6,771,976	$749.2m0.22%	0.22%	Added +974.4k	+974,394 16.8%
99	RTX CORPORATION COM RTX	RTX	3,825,965	$725.9m0.21%	0.21%	Added +616.2k	+616,156 19.2%
100	CANADIAN NATL RY CO COM CNI	CNI	6,062,146	$722.9m0.21%	0.21%	Reduced -1.1m	-1,142,973 -15.9%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		597,011	$269.9m597.0k shares
HOLOGIC INC HOLX	HOLX	2,173,847	$164.3m2.2m shares
COTERRA ENERGY INC CTRA	CTRA	4,441,328	$156.1m4.4m shares
CARNIVAL CORP		4,356,443	$112.7m4.4m shares
DUPONT DE NEMOURS INC DWDP	DWDP	652,366	$89.6m652.4k shares
DBX ETF TR HYLB	HYLB	1,286,963	$46.5m1.3m shares
AIR LEASE CORP AL	AL	690,903	$44.9m690.9k shares
THOMSON REUTERS CORP		390,606	$35.1m390.6k shares
ASCENDIS PHARMA A/S		135,187	$30.9m135.2k shares
CSG SYS INTL INC		355,132	$28.4m355.1k shares
ISHARES TR TLT	TLT	315,000	$27.3m315.0k shares
THERMON GROUP HLDGS INC		319,662	$16.1m319.7k shares
MASIMO CORP MASI	MASI	89,387	$15.9m89.4k shares
SEABRIDGE GOLD INC		493,883	$14.0m493.9k shares
AVERIN CAP ACQUISITION CORP ACAAU	ACAAU	1,000,000	$10.0m1.0m shares
ARCELLX INC ACLX	ACLX	80,664	$9.3m80.7k shares
DBX ETF TR		355,000	$8.8m355.0k shares
VERIS RESIDENTIAL INC		450,177	$8.5m450.2k shares
LATAM AIRLINES GROUP SA LTM	LTM	171,695	$8.5m171.7k shares
CANTALOUPE INC USAT	USAT	771,360	$8.3m771.4k shares
TERNS PHARMACEUTICALS INC		149,327	$7.9m149.3k shares
CENTESSA PHARMACEUTICALS PLC		189,961	$7.5m190.0k shares
VENTAS RLTY LTD PARTNERSHIP VTR 3.75 06.01.26	VTR 3.75 06.01.26	4,772,000	$7.1m4.8m shares
ISHARES TR UAE	UAE	376,054	$7.0m376.1k shares
CLEARWATER ANALYTICS HLDGS I		259,393	$6.1m259.4k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
CLOUDFLARE INC NET · Call	NET	Call	472,800	$116.0m472.8k shares	Added
CAESARS ENTERTAINMENT INC NE CZR · Call	CZR	Call	3,445,300	$104.0m3.4m shares	Added
CLOUDFLARE INC NET · Put	NET	Put	100,000	$24.5m100.0k shares	Added
ECHOSTAR CORP ECHO · Put	ECHO	Put	162,500	$16.5m162.5k shares	Reduced
SOUTHWEST AIRLS CO LUV · Call	LUV	Call	250,000	$12.9m250.0k shares	Reduced
BAUSCH HEALTH COS INC BHC · Call	BHC	Call	1,000,000	$4.9m1.0m shares	New
HOWMET AEROSPACE INC HWM · Put	HWM	Put	17,000	$4.6m17.0k shares	Unchanged
MCDONALDS CORP MCD · Call	MCD	Call	11,600	$3.1m11.6k shares	New
ALNYLAM PHARMACEUTICALS INC ALNY · Put	ALNY	Put	10,400	$3.1m10.4k shares	Unchanged
PROCTER AND GAMBLE CO PG · Put	PG	Put	16,000	$2.3m16.0k shares	New
FREEPORT-MCMORAN INC FCX · Put	FCX	Put	32,200	$2.0m32.2k shares	New
GAMESTOP CORP NEW GME · Call	GME	Call	82,300	$1.8m82.3k shares	Reduced
RIVIAN AUTOMOTIVE INC RIVN · Put	RIVN	Put	100,000	$1.7m100.0k shares	Unchanged
SCHLUMBERGER LTD SLB · Put	SLB	Put	35,500	$1.7m35.5k shares	New
SNOWFLAKE INC SNOW · Call	SNOW	Call	5,500	$1.4m5.5k shares	New
TRIP COM GROUP LTD TCOM 0.75 06.15.29 · Put	TCOM 0.75 06.15.29	Put	1,382,000	$1.4m1.4m shares	Unchanged
NETFLIX INC NFLX · Put	NFLX	Put	17,700	$1.3m17.7k shares	New
GDS HLDGS LTD GDSHDG 2.25 06.01.32 · Put	GDSHDG 2.25 06.01.32	Put	973,000	$1.2m973.0k shares	New
NEXTERA ENERGY INC NEE · Put	NEE	Put	13,000	$1.1m13.0k shares	New
AMAZON COM INC AMZN · Call	AMZN	Call	4,200	$1.0m4.2k shares	New
AMAZON COM INC AMZN · Put	AMZN	Put	4,200	$1.0m4.2k shares	New
NIO INC NIO 4.625 10.15.30 · Put	NIO 4.625 10.15.30	Put	790,000	$790.7k790.0k shares	Unchanged
STRATEGY INC MSTR 0.625 03.15.30 · Put	MSTR 0.625 03.15.30	Put	769,000	$782.5k769.0k shares	Unchanged
STRATEGY INC MSTR 2.25 06.15.32 · Put	MSTR 2.25 06.15.32	Put	579,000	$552.1k579.0k shares	New
ON SEMICONDUCTOR CORP ON · Put	ON	Put	2,100	$198.5k2.1k shares	Unchanged

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
ALTICE USA INC OPTU · 13G · filed 2026-08-13	OPTU	6.9%≈ $28.2m	+1.7 pts	13G	2026-08-13