Vault-13

DEUTSCHE BANK A G DB

NAMEN AKT · Common Stock · CUSIP D18190898

421 institutional holders +66 vs Q1 2025
658,738,463658.7m shares reported held*
$19.4bnreported value*
97 new 162 added 101 reduced 31 sold out net bought ≈ $1.2bn (+41.2m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($7.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.45. Options: 17 managers hold calls ($598.1m notional), 28 hold puts ($1.1bn).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 226Q4 22: 227Q1 23: 248Q2 23: 250Q3 23: 248Q4 23: 271Q1 24: 270Q2 24: 295Q3 24: 299Q4 24: 318Q1 25: 355Q2 25: 421421Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022226
Q4 2022227
Q1 2023248
Q2 2023250
Q3 2023248
Q4 2023271
Q1 2024270
Q2 2024295
Q3 2024299
Q4 2024318
Q1 2025355
Q2 2025421

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q3 23: 109 bought or addedQ3 23: 112 cut or sold outQ4 23: 150 bought or addedQ4 23: 81 cut or sold outQ4 23Q1 24: 133 bought or addedQ1 24: 107 cut or sold outQ2 24: 173 bought or addedQ2 24: 100 cut or sold outQ2 24Q3 24: 144 bought or addedQ3 24: 124 cut or sold outQ4 24: 166 bought or addedQ4 24: 100 cut or sold outQ4 24Q1 25: 205 bought or addedQ1 25: 118 cut or sold outQ2 25: 259 bought or addedQ2 25: 132 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023109112
Q4 202315081
Q1 2024133107
Q2 2024173100
Q3 2024144124
Q4 2024166100
Q1 2025205118
Q2 2025259132

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500m$1bn$1.5bnQ3 24 calls: $323.7mQ3 24 puts: $591.0mQ3 24P/C 1.83Q4 24 calls: $177.5mQ4 24 puts: $487.1mQ4 24P/C 2.74Q1 25 calls: $465.0mQ1 25 puts: $1.1bnQ1 25P/C 2.28Q2 25 calls: $598.1mQ2 25 puts: $1.1bnQ2 25P/C 1.84
Numbers
QuarterCallsPutsP/C
Q3 2024$323.7m$591.0m1.83
Q4 2024$177.5m$487.1m2.74
Q1 2025$465.0m$1.1bn2.28
Q2 2025$598.1m$1.1bn1.84

Biggest buyers

CAUSEWAY CAPITAL MANAGEMENT LLC Added +17,801,643+17.8m
DEUTSCHE BANK AG\ Added +16,483,503+16.5m
JANUS HENDERSON GROUP PLC Added +7,966,401+8.0m
Fisher Asset Management, LLC Added +6,605,750+6.6m
Amundi Added +5,403,011+5.4m
Liontrust Investment Partners LLP New +4,986,080+5.0m
ACADIAN ASSET MANAGEMENT LLC Added +4,674,860+4.7m
JPMORGAN CHASE & CO Added +3,306,628+3.3m
Nuveen, LLC Added +2,687,197+2.7m
UBS Group AG Added +2,650,822+2.7m

Biggest sellers

VIKING GLOBAL INVESTORS LP Sold out -15,106,082-15.1m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -10,951,400-11.0m
NORGES BANK Reduced -9,508,248-9.5m
Capital International Investors Reduced -9,397,919-9.4m
Capital International, Inc./CA/ Reduced -3,521,363-3.5m
FRANKLIN RESOURCES INC Reduced -1,699,068-1.7m
Invesco Ltd. Reduced -1,311,789-1.3m
MARSHALL WACE, LLP Reduced -1,258,477-1.3m
Marex Group Ltd Sold out -1,213,547-1.2m
COMMERZBANK AKTIENGESELLSCHAFT /FI Reduced -1,130,302-1.1m

Biggest calls

HSBC HOLDINGS PLC Added $122.4m4.2m shares
Rokos Capital Management LLP New $120.4m4.1m shares
SIH Partners, LLLP Reduced $100.8m3.4m shares
UBS Group AG Added $96.7m3.3m shares
GOLDMAN SACHS GROUP INC Added $88.6m3.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $18.7m639.1k shares
PEAK6 LLC Added $9.9m337.4k shares
CITIGROUP INC Reduced $7.6m260.0k shares
JANE STREET GROUP, LLC Added $7.4m254.0k shares
WOLVERINE TRADING, LLC Added $5.9m195.3k shares

Biggest puts

SIH Partners, LLLP Reduced $239.4m8.2m shares
GOLDMAN SACHS GROUP INC Added $163.6m5.6m shares
UBS Group AG Reduced $156.9m5.4m shares
BANK OF AMERICA CORP /DE/ Reduced $154.7m5.3m shares
JPMORGAN CHASE & CO Reduced $149.3m5.1m shares
HSBC HOLDINGS PLC Unchanged $65.1m2.2m shares
Qube Research & Technologies Ltd Added $33.2m1.1m shares
Optiver Holding B.V. Reduced $24.6m838.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $21.8m744.3k shares
CITIGROUP INC Added $21.2m727.8k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q2 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
101 Varma Mutual Pension Insurance Co 0.06% of their portfolio Varma, H9 269,900269.9k $8.0m $8.0m 0.06% New
102 Generali Asset Management SPA SGR 0.15% of their portfolio TRIESTE, L6 269,061269.1k $6.8m $6.8m 0.15% Added +17.4k +17,430
103 OPPENHEIMER & CO INC 0.10% of their portfolio NEW YORK, NY 256,315256.3k $7.5m $7.5m 0.10% Added +161.8k +161,784
104 Polar Capital Holdings Plc 0.04% of their portfolio London, X0 255,066255.1k $8.0m $8.0m 0.04% New
105 LEUTHOLD GROUP, LLC 0.88% of their portfolio MINNEAPOLIS, MN 252,216252.2k $7.4m $7.4m 0.88% Reduced -3.6k -3,628
106 OCCUDO QUANTITATIVE STRATEGIES LP 0.78% of their portfolio FORT LAUDERDALE, FL 236,340236.3k $6.9m $6.9m 0.78% Added +111.5k +111,484
107 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 232,721232.7k $6.8m $6.8m 0.00% Added +42.9k +42,862
108 OSSIAM 0.08% of their portfolio PARIS, I0 227,843227.8k $6.7m $6.7m 0.08% Added +217.4k +217,371
109 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 224,958225.0k $5.7m $5.7m 0.01% Reduced -12.3k -12,263
110 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 223,950223.9k $6.6m $6.6m 0.01% Added +38.0k +37,995
111 BAMCO INC /NY/ 0.02% of their portfolio NEW YORK, NY 216,214216.2k $6.3m $6.3m 0.02% Added +17.4k +17,370
112 SCS Capital Management LLC 0.07% of their portfolio BOSTON, MA 214,179214.2k $6.3m $6.3m 0.07% New
113 Utah Retirement Systems 0.06% of their portfolio SALT LAKE CITY, UT 210,605210.6k $6.2m $6.2m 0.06% Unchanged
114 Assenagon Asset Management S.A. 0.01% of their portfolio SENNINGERBERG, N4 204,550204.6k $6.0m $6.0m 0.01% Added +85.5k +85,469
115 LGT Fund Management Co Ltd. 0.51% of their portfolio VADUZ, N2 200,000200.0k $5.8m $5.8m 0.51% New
116 Bank Julius Baer & Co. Ltd, Zurich 0.01% of their portfolio ZURICH, V8 195,574195.6k $4.9m $4.9m 0.01% Added +54.9k +54,907
117 MACKENZIE FINANCIAL CORP 0.01% of their portfolio TORONTO ONTARIO, A6 192,179192.2k $5.7m $5.7m 0.01% Reduced -235.1k -235,077
118 RITHOLTZ WEALTH MANAGEMENT 0.12% of their portfolio NEW YORK, NY 190,681190.7k $5.6m $5.6m 0.12% Added +17.8k +17,804
119 Henry James International Management Inc. 1.82% of their portfolio NEW YORK, NY 189,208189.2k $5.5m $5.5m 1.82% Added +103.7k +103,747
120 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 186,999187.0k $5.5m $5.5m 0.00% Added +60.9k +60,898
121 MetLife Investment Management, LLC 0.03% of their portfolio Whippany, NJ 183,958184.0k $5.4m $5.4m 0.03% Reduced -9.0k -9,044
122 Mediolanum International Funds Ltd 0.07% of their portfolio DUBLIN 1, L2 181,271181.3k $5.5m $5.5m 0.07% Reduced -65.9k -65,900
123 Vanguard Personalized Indexing Management, LLC 0.06% of their portfolio OAKLAND, CA 177,433177.4k $5.2m $5.2m 0.06% Added +17.6k +17,636
124 Vident Advisory, LLC 0.06% of their portfolio Alpharetta, GA 173,530173.5k $5.1m $5.1m 0.06% Added +2.7k +2,704
125 CAPITAL GROUP INVESTMENT MANAGEMENT PTE. LTD. 0.91% of their portfolio Raffles Quay, U0 172,604172.6k $5.1m $5.1m 0.91% Reduced -17.6k -17,648
126 TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio STAMFORD, CT 168,781168.8k $4.9m $4.9m 0.04% New
127 Mariner, LLC 0.01% of their portfolio Overland Park, KS 168,089168.1k $4.9m $4.9m 0.01% Added +5.3k +5,268
128 Crossmark Global Holdings, Inc. 0.08% of their portfolio HOUSTON, TX 167,726167.7k $4.9m $4.9m 0.08% Reduced -1.3k -1,347
129 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 166,023166.0k $4.9m $4.9m 0.01% New
130 Pathstone Holdings, LLC 0.02% of their portfolio ENGLEWOOD, NJ 165,360165.4k $4.8m $4.8m 0.02% Added +111.9k +111,881
131 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 152,924152.9k $4.5m $4.5m 0.00% Reduced -21.2k -21,191
132 Alberta Investment Management Corp 0.04% of their portfolio EDMONTON, A0 150,546150.5k $4.5m $4.5m 0.04% New
133 Cambria Investment Management, L.P. 0.30% of their portfolio Manhattan Beach, CA 149,542149.5k $4.4m $4.4m 0.30% New
134 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 146,932146.9k $4.3m $4.3m 0.01% Added +15.7k +15,690
135 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 145,137145.1k $4.3m $4.3m 0.01% Added +140.2k +140,227
136 GROUPAMA ASSET MANAGMENT 0.06% of their portfolio PARIS, I0 139,922139.9k $3.6m $3.6m 0.06% Added +15.2k +15,205
137 Point72 Hong Kong Ltd 0.27% of their portfolio HONG KONG, K3 134,872134.9k $3.9m $3.9m 0.27% New
138 Cubist Systematic Strategies, LLC 0.04% of their portfolio STAMFORD, CT 134,756134.8k $3.9m $3.9m 0.04% New
139 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 133,482133.5k $3.9m $3.9m 0.01% Reduced -1.3k -1,252
140 LGT Group Foundation 0.05% of their portfolio VADUZ, N2 130,008130.0k $3.8m $3.8m 0.05% Reduced -4.2k -4,227
141 ODDO BHF ASSET MANAGEMENT SAS 0.12% of their portfolio PARIS, I0 121,340121.3k $3.1m $3.1m 0.12% Added +9.4k +9,369
142 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 121,247121.2k $3.6m $3.6m 0.00% New
143 Ensign Peak Advisors, Inc 0.01% of their portfolio SALT LAKE CITY, UT 117,050117.0k $3.5m $3.5m 0.01% Reduced -10.8k -10,750
144 Capital Wealth Planning, LLC 0.03% of their portfolio NAPLES, FL 114,888114.9k $3.4m $3.4m 0.03% New
145 Callan Family Office, LLC 0.10% of their portfolio RADNOR, PA 113,552113.6k $3.3m $3.3m 0.10% Added +43.1k +43,118
146 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 103,637103.6k $3.0m $3.0m 0.02% New
147 Engineers Gate Manager LP 0.04% of their portfolio NEW YORK, NY 102,288102.3k $3.0m $3.0m 0.04% New
148 Sciencast Management LP 0.59% of their portfolio PRINCETON, NJ 97,26997.3k $2.8m $2.8m 0.59% New
149 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 94,60294.6k $2.8m $2.8m 0.01% Added +4.8k +4,761
150 Forum Financial Management, LP 0.04% of their portfolio LOMBARD, IL 94,16694.2k $2.8m $2.8m 0.04% Unchanged
151 HPC Germany GmbH & Co. KG 100.00% of their portfolio POTSDAM, 2M 93,40893.4k $2.7m $2.7m 100.00% Unchanged
152 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 92,89492.9k $2.7m $2.7m 0.00% Reduced -315.1k -315,063
153 Jain Global LLC 0.04% of their portfolio NEW YORK, NY 91,96392.0k $2.7m $2.7m 0.04% New
154 TD Waterhouse Canada Inc. 0.02% of their portfolio TORONTO, A6 91,90991.9k $2.6m $2.6m 0.02% Added +90.0k +89,956
155 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 91,77091.8k $2.7m $2.7m 0.00% Added +15.1k +15,127
156 Banco Santander, S.A. 0.02% of their portfolio Madrid, U3 89,11889.1k $2.6m $2.6m 0.02% Reduced -643.3k -643,270
157 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 86,79086.8k $2.5m $2.5m 0.00% Added +16.3k +16,327
158 JUPITER ASSET MANAGEMENT LTD 0.02% of their portfolio London, X0 86,67286.7k $2.6m $2.6m 0.02% Reduced -906.8k -906,803
159 &PARTNERS 0.02% of their portfolio NASHVILLE, TN 86,05486.1k $2.5m $2.5m 0.02% Added +2.3k +2,253
160 Quadrature Capital Ltd 0.04% of their portfolio LONDON, X0 84,14684.1k $2.5m $2.5m 0.04% New
161 Zurich Insurance Group Ltd/FI 0.02% of their portfolio ZURICH, V8 82,30782.3k $2.4m $2.4m 0.02% Reduced -268.7k -268,696
162 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 81,89081.9k $2.4m $2.4m 0.01% Reduced -11.0k -11,023
163 Intellectus Partners, LLC 0.52% of their portfolio SAN FRANCISCO, CA 81,79281.8k $2.4m $2.4m 0.52% Added +36.2k +36,227
164 Qsemble Capital Management, LP 0.23% of their portfolio New York, NY 80,97981.0k $2.4m $2.4m 0.23% New
165 Bank Pictet & Cie (Europe) AG 0.05% of their portfolio FRANKFURT AM MAIN, 2M 75,06675.1k $2.2m $2.2m 0.05% New
166 Bleakley Financial Group, LLC 0.05% of their portfolio PARSIPPANY, NJ 71,88771.9k $2.1m $2.1m 0.05% Added +12.7k +12,707
167 Banque Cantonale Vaudoise 0.08% of their portfolio LAUSANNE, V8 70,39270.4k $2.1m $2.1m 0.08% Added +9.7k +9,716
168 Campbell & CO Investment Adviser LLC 0.13% of their portfolio BALTIMORE, MD 69,59669.6k $2.0m $2.0m 0.13% New
169 Radnor Capital Management, LLC 0.32% of their portfolio WAYNE, PA 69,40069.4k $2.0m $2.0m 0.32% Unchanged
170 Ameritas Advisory Services, LLC 0.10% of their portfolio Lincoln, NE 68,71468.7k $2.0m $2.0m 0.10% New
171 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 68,62868.6k $2.0m $2.0m 0.00% Added +25.8k +25,795
172 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 67,36267.4k $2.0m $2.0m 0.00% New
173 QUADRANT CAPITAL GROUP LLC 0.07% of their portfolio CINCINNATI, OH 65,10465.1k $1.9m $1.9m 0.07% Reduced -1.8k -1,830
174 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 63,75363.8k $1.9m $1.9m 0.00% Added +9.9k +9,888
175 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 62,80362.8k $1.8m $1.8m 0.01% Reduced -77.6k -77,552
176 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 62,74762.7k $1.8m $1.8m 0.00% Added +40.0k +40,045
177 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 62,49762.5k $1.8m $1.8m 0.01% Reduced -7.5k -7,530
178 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 62,22762.2k $1.8m $1.8m 0.01% New
179 Andra AP-fonden 0.02% of their portfolio GOTEBORG, V7 59,32559.3k $1.5m $1.5m 0.02% Reduced -158.8k -158,799
180 Prospera Financial Services Inc 0.03% of their portfolio Dallas, TX 57,77657.8k $1.7m $1.7m 0.03% Added +2.6k +2,569
181 Westerkirk Capital Inc. 0.21% of their portfolio VICTORIA, A1 57,44057.4k $1.7m $1.7m 0.21% First filing
182 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 56,81656.8k $1.7m $1.7m 0.00% Added +1.0k +1,046
183 Metis Global Partners, LLC 0.04% of their portfolio San Diego, CA 56,59856.6k $1.7m $1.7m 0.04% Added +5.1k +5,051
184 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 56,14356.1k $1.6m $1.6m 0.00% Reduced -9.8k -9,758
185 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 54,90754.9k $1.6m $1.6m 0.00% Reduced -16.8k -16,837
186 HIGHLAND CAPITAL MANAGEMENT, LLC 0.09% of their portfolio MEMPHIS, TN 54,73054.7k $1.6m $1.6m 0.09% Reduced -1.6k -1,620
187 Virtu Financial LLC 0.08% of their portfolio New York, NY 53,45753.5k $1.6m $1.6m 0.08% Added +24.1k +24,106
188 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 53,11453.1k $1.6m $1.6m 0.00% Reduced -600 -600
189 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 53,06253.1k $1.5m $1.5m 0.00% Added +9.1k +9,076
190 OPPENHEIMER ASSET MANAGEMENT INC. 0.02% of their portfolio NEW YORK, NY 52,98653.0k $1.6m $1.6m 0.02% New
191 Waterfront Wealth Inc. 0.34% of their portfolio OVERLAND PARK, KS 52,28752.3k $1.5m $1.5m 0.34% Reduced -513 -513
192 NewEdge Wealth, LLC 0.03% of their portfolio STAMFORD, CT 51,21551.2k $1.8m $1.8m 0.03% Added +6.8k +6,813
193 Vestmark Advisory Solutions, Inc. 0.02% of their portfolio Wakefield, MA 49,79549.8k $1.5m $1.5m 0.02% Reduced -38.7k -38,677
194 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 47,96248.0k $1.4m $1.4m 0.00% Added +12.5k +12,461
195 Centiva Capital, LP 0.09% of their portfolio New York, NY 47,26147.3k $1.4m $1.4m 0.09% New
196 Compound Planning, Inc. 0.05% of their portfolio NEW YORK, NY 46,68846.7k $1.4m $1.4m 0.05% Added +4.3k +4,320
197 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 46,02446.0k $1.3m $1.3m 0.00% Added +12.6k +12,649
198 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 45,44645.4k $1.3m $1.3m 0.01% Added +22.9k +22,888
199 111 Capital 0.23% of their portfolio PARIS, I0 45,14845.1k $1.3m $1.3m 0.23% New
200 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 43,10843.1k $1.3m $1.3m 0.00% Added +7.9k +7,939