Vault-13

DEUTSCHE BANK A G DB

NAMEN AKT · Common Stock · CUSIP D18190898

250 institutional holders +2 vs Q1 2023
469,162,651469.2m shares reported held*
$4.9bnreported value*
34 new 82 added 83 reduced 32 sold out net sold ≈ $491.4m (-47.4m 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 ($1.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.52. Options: 18 managers hold calls ($366.7m notional), 29 hold puts ($443.3m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 226Q4 22: 227Q1 23: 248Q2 23: 250250Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022226
Q4 2022227
Q1 2023248
Q2 2023250

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 109 bought or addedQ4 22: 100 cut or sold outQ4 22Q1 23: 130 bought or addedQ1 23: 95 cut or sold outQ1 23Q2 23: 116 bought or addedQ2 23: 115 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022109100
Q1 202313095
Q2 2023116115

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ3 22 calls: $240.2mQ3 22 puts: $377.8mQ3 22P/C 1.57Q4 22 calls: $288.4mQ4 22 puts: $603.2mQ4 22P/C 2.09Q1 23 calls: $405.9mQ1 23 puts: $592.9mQ1 23P/C 1.46Q2 23 calls: $366.7mQ2 23 puts: $443.3mQ2 23P/C 1.21
Numbers
QuarterCallsPutsP/C
Q3 2022$240.2m$377.8m1.57
Q4 2022$288.4m$603.2m2.09
Q1 2023$405.9m$592.9m1.46
Q2 2023$366.7m$443.3m1.21

Biggest buyers

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +11,752,609+11.8m
JPMORGAN CHASE & CO Added +2,784,472+2.8m
DekaBank Deutsche Girozentrale Added +2,263,810+2.3m
NORGES BANK Added +2,023,811+2.0m
UBS Group AG Added +1,551,338+1.6m
AVIVA PLC Added +1,296,612+1.3m
SYCOMORE ASSET MANAGEMENT Added +1,107,547+1.1m
VANGUARD GROUP INC Added +1,020,212+1.0m
MASTERS CAPITAL MANAGEMENT LLC Added +1,000,000+1.0m
TWO SIGMA ADVISERS, LP Added +581,731+581.7k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -18,288,968-18.3m
DEUTSCHE BANK AG\ Reduced -13,522,231-13.5m
ACADIAN ASSET MANAGEMENT LLC Reduced -9,114,814-9.1m
Amundi Reduced -7,877,775-7.9m
Optiver Holding B.V. Sold out -5,335,651-5.3m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Reduced -3,352,651-3.4m
Susquehanna International Securities, Ltd. Reduced -2,940,594-2.9m
CITIGROUP INC Reduced -2,914,865-2.9m
CREDIT AGRICOLE S A Reduced -2,583,625-2.6m
WELLINGTON MANAGEMENT GROUP LLP Reduced -1,147,255-1.1m

Biggest calls

UBS Group AG Added $178.9m17.0m shares
HSBC HOLDINGS PLC Added $67.9m6.5m shares
GOLDMAN SACHS GROUP INC Reduced $63.9m6.1m shares
CITIGROUP INC Reduced $25.1m2.4m shares
CITADEL ADVISORS LLC Reduced $8.3m791.0k shares
BANK OF AMERICA CORP /DE/ Added $6.8m650.0k shares
Eisler Capital (UK) Ltd. Reduced $5.8m550.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.5m236.0k shares
MILLENNIUM MANAGEMENT LLC Unchanged $2.4m250.0k shares
Walleye Trading LLC Reduced $2.1m198.5k shares

Biggest puts

GOLDMAN SACHS GROUP INC Reduced $87.3m8.3m shares
UBS Group AG Reduced $57.2m5.4m shares
Eisler Capital (UK) Ltd. Added $44.8m4.2m shares
HSBC HOLDINGS PLC Added $41.5m3.9m shares
BANK OF AMERICA CORP /DE/ Added $36.1m3.4m shares
JPMORGAN CHASE & CO Reduced $35.5m3.4m shares
GROUP ONE TRADING LLC Reduced $31.6m3.0m shares
CITIGROUP INC Reduced $31.2m3.0m shares
Optiver Holding B.V. Reduced $20.0m1.9m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $9.8m928.0k 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 2023

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 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
201 Compagnie Lombard Odier SCmA 0.00% of their portfolio 1204 GENEVA, V8 6,6506.7k $69.8k $69.8k 0.00% Unchanged
202 EDMOND DE ROTHSCHILD HOLDING S.A. 0.00% of their portfolio CHAMBESY, V8 6,0256.0k $63.0k $63.0k 0.00% Unchanged
203 CWM, LLC 0.00% of their portfolio OMAHA, NE 5,9996.0k $63.0k $63.0k 0.00% Added +988 +988
204 EverSource Wealth Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 5,9475.9k $62.6k $62.6k 0.01% Added +423 +423
205 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 5,8655.9k $81.2k $81.2k 0.00% Unchanged
206 Lindbrook Capital, LLC 0.01% of their portfolio CALABASAS, CA 5,8345.8k $61.4k $61.4k 0.01% Reduced -1.4k -1,408
207 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 4,5424.5k $47.9k $47.9k 0.00% Reduced -2.0k -2,000
208 Rosenberg Matthew Hamilton 0.02% of their portfolio GRAND JUNCTION, CO 4,4874.5k $47.2k $47.2k 0.02% Added +487 +487
209 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 4,2864.3k $45.1k $45.1k 0.00% Added +895 +895
210 Anchor Investment Management, LLC 0.00% of their portfolio COLUMBIA, SC 3,0003.0k $31.6k $31.6k 0.00% Unchanged
211 Zions Bancorporation, N.A. 0.00% of their portfolio SALT LAKE CITY, UT 2,7212.7k $28.7k $28.7k 0.00% Unchanged
212 Cullen/Frost Bankers, Inc. 0.00% of their portfolio San Antonio, TX 2,2502.2k $23.7k $23.7k 0.00% Unchanged
213 AlphaMark Advisors, LLC 0.01% of their portfolio FT. WRIGHT, KY 2,2002.2k $23.0k $23.0k 0.01% Unchanged
214 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 1,5631.6k $16.5k $16.5k 0.00% Added +213 +213
215 UMB Bank, n.a. 0.00% of their portfolio Kansas City, MO 1,4381.4k $15.1k $15.1k 0.00% Added +132 +132
216 MassMutual Private Wealth & Trust, FSB 0.00% of their portfolio Windsor, CT 1,0601.1k $11.2k $11.2k 0.00% Reduced -202 -202
217 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 1,0151.0k $10.0k $10.0k 0.00% Reduced -4.6k -4,570
218 Glassman Wealth Services 0.00% of their portfolio VIENNA, VA 1,0111.0k $10.6k $10.6k 0.00% Added +42 +42
219 GHP Investment Advisors, Inc. 0.00% of their portfolio Denver, CO 800800 $8.8k $8.8k 0.00% Unchanged
220 Performa Ltd (US), LLC 0.00% of their portfolio CHARLESTON, SC 800800 $8.4k $8.4k 0.00% New
221 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 732732 $7.9k $7.9k 0.00% Added +366 +366
222 Operose Advisors LLC 0.00% of their portfolio MILWAUKEE, WI 625625 $6.6k $6.6k 0.00% New
223 JFS WEALTH ADVISORS, LLC 0.00% of their portfolio HERMITAGE, PA 526526 $5.5k $5.5k 0.00% Reduced -45 -45
224 TFC Financial Management, Inc. 0.00% of their portfolio BOSTON, MA 514514 $5.4k $5.4k 0.00% New
225 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 410410 $5.0k $5.0k 0.00% Added +150 +150
226 SUMMIT SECURITIES GROUP LLC 0.00% of their portfolio NEW YORK, NY 400400 $4.0k $4.0k 0.00% New
227 Focused Wealth Management, Inc 0.00% of their portfolio Newburgh, NY 373373 $3.9k $3.9k 0.00% Added +4 +4
228 Column Capital Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 366366 $3.9k $3.9k 0.00% Unchanged
229 Key Financial Inc 0.00% of their portfolio WEST CHESTER, PA 354354 $3.7k $3.7k 0.00% New
230 Bell Investment Advisors, Inc 0.00% of their portfolio ORINDA, CA 309309 $3.3k $3.3k 0.00% Added +98 +98
231 EARNEST PARTNERS LLC 0.00% of their portfolio ATLANTA, GA 304304 $3.2k $3.2k 0.00% Unchanged
232 BENJAMIN F. EDWARDS & COMPANY, INC. 0.00% of their portfolio ST. LOUIS, MO 300300 $3.0k $3.0k 0.00% Unchanged
233 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 281281 $3.0k $3.0k 0.00% Added +5 +5
234 GW&K Investment Management, LLC 0.00% of their portfolio BOSTON, MA 192192 $2.0k $2.0k 0.00% New
235 Sandy Spring Bank 0.00% of their portfolio Olney, MD 181181 $1.9k $1.9k 0.00% Unchanged
236 Bollard Group LLC 0.00% of their portfolio BOSTON, MA 164164 $2.0k $2.0k 0.00% New
237 Hexagon Capital Partners LLC 0.00% of their portfolio ROGERS, AR 160160 $1.7k $1.7k 0.00% Added +14 +14
238 Penserra Capital Management LLC 0.00% of their portfolio ORINDA, CA 110110 $1.0k $1.0k 0.00% Unchanged
239 Retirement Group, LLC 0.00% of their portfolio SAN DIEGO, CA 8787 $916 $916 0.00% Unchanged
240 First Horizon Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 8080 $842 $842 0.00% Unchanged
241 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 7676 $801 $801 0.00% Unchanged
242 Bogart Wealth, LLC 0.00% of their portfolio MCLEAN, VA 6464 $674 $674 0.00% New
243 RAFFA WEALTH MANAGEMENT, LLC 0.00% of their portfolio WASHINGTON, DC 5454 $569 $569 0.00% Unchanged
244 Stonebridge Capital Advisors LLC 0.00% of their portfolio ST PAUL, MN 5050 $527 $527 0.00% Unchanged
245 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 4141 $432 $432 0.00% New
246 TD PRIVATE CLIENT WEALTH LLC 0.00% of their portfolio NEW YORK, NY 4040 $421 $421 0.00% New
247 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2727 $284 $284 0.00% Unchanged
248 Financial Gravity Asset Management, Inc. 0.00% of their portfolio Lakeway, TX 1111 $3.7k $3.7k 0.00% New
249 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged
250 NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio TOKYO, M0 00 $0 $0 0.00% Unchanged