Vault-13

DEUTSCHE BANK A G DB

NAMEN AKT · Common Stock · CUSIP D18190898

248 institutional holders +21 vs Q4 2022
519,471,003519.5m shares reported held*
25.5% of all shares outstanding*
$5.3bnreported value*
44 new 86 added 73 reduced 22 sold out net sold ≈ $401.0m (-38.4m 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 ($686.6k this quarter). Holder counts are more reliable. Shares outstanding: 2.0bn as of 2022-12-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $10.16. Options: 21 managers hold calls ($405.9m notional), 41 hold puts ($592.9m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 226Q4 22: 227Q1 23: 248248Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022226
Q4 2022227
Q1 2023248

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 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022109100
Q1 202313095

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 1.46
Numbers
QuarterCallsPutsP/C
Q3 2022$240.2m$377.8m1.57
Q4 2022$288.4m$603.2m2.09
Q1 2023$405.9m$592.9m1.46

Biggest buyers

GOLDMAN SACHS GROUP INC Added +20,034,277+20.0m
ACADIAN ASSET MANAGEMENT LLC New +9,902,417+9.9m
CREDIT AGRICOLE S A Added +5,832,205+5.8m
Optiver Holding B.V. Added +4,531,625+4.5m
JPMORGAN CHASE & CO Added +3,305,176+3.3m
JUPITER ASSET MANAGEMENT LTD New +2,710,646+2.7m
FRANKLIN RESOURCES INC Added +2,594,172+2.6m
Susquehanna International Securities, Ltd. Added +2,530,849+2.5m
VANGUARD GROUP INC Added +1,678,272+1.7m
COMMERZBANK AKTIENGESELLSCHAFT /FI Added +1,502,375+1.5m

Biggest sellers

Amundi Reduced -29,378,337-29.4m
DEUTSCHE BANK AG\ Reduced -24,089,087-24.1m
NORGES BANK Reduced -23,004,158-23.0m
BANK OF AMERICA CORP /DE/ Reduced -13,438,878-13.4m
MARSHALL WACE, LLP Reduced -9,219,154-9.2m
CITIGROUP INC Reduced -2,677,572-2.7m
TWO SIGMA INVESTMENTS, LP Sold out -1,496,826-1.5m
VOLORIDGE INVESTMENT MANAGEMENT, LLC Reduced -1,333,483-1.3m
PICTET ASSET MANAGEMENT SA Reduced -759,941-759.9k
AXA S.A. Reduced -691,293-691.3k

Biggest calls

UBS Group AG Added $166.2m16.3m shares
GOLDMAN SACHS GROUP INC Added $71.7m7.0m shares
HSBC HOLDINGS PLC Added $57.1m5.6m shares
CITIGROUP INC Added $36.0m3.5m shares
MASTERS CAPITAL MANAGEMENT LLC Reduced $17.1m1.7m shares
CITADEL ADVISORS LLC Added $15.3m1.5m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $12.6m1.2m shares
Eisler Capital (UK) Ltd. New $9.1m900.0k shares
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main New $5.1m500.0k shares
BANK OF AMERICA CORP /DE/ Unchanged $4.1m400.0k shares

Biggest puts

GOLDMAN SACHS GROUP INC Added $137.6m13.5m shares
UBS Group AG Added $60.4m5.9m shares
CITIGROUP INC Added $47.8m4.7m shares
Deer Park Road Corp Reduced $40.8m4.0m shares
GROUP ONE TRADING LLC Added $40.5m4.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $39.2m3.8m shares
Eisler Capital (UK) Ltd. Added $38.0m3.8m shares
JPMORGAN CHASE & CO Added $35.8m3.5m shares
Optiver Holding B.V. Reduced $29.2m2.9m shares
HSBC HOLDINGS PLC Added $23.7m2.3m 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 Q1 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 Q1 2023.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 75,386,80275.4m $769.7m $769.7m 0.02% Added +1.7m +1,678,272
2 Hudson Executive Capital LP 81.52% of their portfolio NEW YORK, NY 67,389,67667.4m $683.8m $683.8m 81.52% Unchanged
3 GOLDMAN SACHS GROUP INC 0.13% of their portfolio NEW YORK, NY 46,998,63747.0m $479.9m $479.9m 0.13% Added +20.0m +20,034,277
4 DEUTSCHE BANK AG\ 0.26% of their portfolio FRANKFURT AM MAIN, 2M 46,437,46846.4m $474.1m $474.1m 0.26% Reduced -24.1m -24,089,087
5 Amundi 0.25% of their portfolio Paris, I0 44,934,49144.9m $458.3m $458.3m 0.25% Reduced -29.4m -29,378,337
6 NORGES BANK 0.05% of their portfolio OSLO, Q8 22,397,24322.4m $227.3m $227.3m 0.05% Reduced -23.0m -23,004,158
7 Cerberus Capital Management, L.P. 4.81% of their portfolio NEW YORK, NY 19,526,25019.5m $198.0m $198.0m 4.81% Unchanged
8 DekaBank Deutsche Girozentrale 0.43% of their portfolio FRANKFURT, 2M 16,794,16516.8m $169.5m $169.5m 0.43% Reduced -284.9k -284,880
9 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.24% of their portfolio FRANKFURT AM MAIN, 2M 14,062,00614.1m $142.8m $142.8m 0.24% Added +227.9k +227,948
10 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 10,400,79910.4m $106.2m $106.2m 0.01% Reduced -13.4m -13,438,878
11 ACADIAN ASSET MANAGEMENT LLC 0.44% of their portfolio Boston, MA 9,902,4179.9m $100.6m $100.6m 0.44% New
12 CITIGROUP INC 0.13% of their portfolio NEW YORK, NY 9,572,7299.6m $97.5m $97.5m 0.13% Reduced -2.7m -2,677,572
13 COMMERZBANK AKTIENGESELLSCHAFT /FI 4.72% of their portfolio FRANKFURT, 2M 8,564,9658.6m $87.4m $87.4m 4.72% Added +1.5m +1,502,375
14 Odey Asset Management Group Ltd 21.49% of their portfolio LONDON, X0 8,030,4438.0m $82.0m $82.0m 21.49% Added +3.4k +3,427
15 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 7,106,6747.1m $72.6m $72.6m 0.01% Added +3.3m +3,305,176
16 CREDIT AGRICOLE S A 2.82% of their portfolio Montrouge Cedex, I0 6,485,1526.5m $66.2m $66.2m 2.82% Added +5.8m +5,832,205
17 CREDIT SUISSE AG/ 0.07% of their portfolio ZURICH, V8 6,376,6666.4m $65.1m $65.1m 0.07% Added +920.1k +920,060
18 Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio CHIYODA-KU, TOKYO, M0 5,537,0175.5m $56.4m $56.4m 0.04% Reduced -536.1k -536,121
19 Optiver Holding B.V. 2.52% of their portfolio AMSTERDAM, P7 5,335,6515.3m $54.5m $54.5m 2.52% Added +4.5m +4,531,625
20 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 4,967,4225.0m $50.5m $50.5m 0.03% Added +2.6m +2,594,172
21 Russell Investments Group, Ltd. 0.08% of their portfolio Seattle, WA 4,087,4004.1m $41.5m $41.5m 0.08% Reduced -271.0k -271,041
22 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 3,998,0844.0m $40.8m $40.8m 0.01% Reduced -6.8k -6,843
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,955,0274.0m $40.4m $40.4m 0.00% Added +234.1k +234,063
24 HSBC HOLDINGS PLC 0.05% of their portfolio LONDON, X0 3,599,7023.6m $36.6m $36.6m 0.05% Added +103.0k +103,044
25 THIRD AVENUE MANAGEMENT LLC 5.23% of their portfolio NEW YORK, NY 3,011,1033.0m $30.6m $30.6m 5.23% Added +122.7k +122,738
26 Susquehanna International Securities, Ltd. 18.85% of their portfolio DUBLIN, L2 3,004,3033.0m $30.7m $30.7m 18.85% Added +2.5m +2,530,849
27 MASTERS CAPITAL MANAGEMENT LLC 7.32% of their portfolio ATLANTA, GA 3,000,0003.0m $30.6m $30.6m 7.32% Unchanged
28 Allianz Asset Management GmbH 0.06% of their portfolio MUNICH, 2M 2,746,3192.7m $28.0m $28.0m 0.06% Added +438.7k +438,666
29 JUPITER ASSET MANAGEMENT LTD 0.38% of their portfolio London, X0 2,710,6462.7m $27.6m $27.6m 0.38% New
30 Banco Santander, S.A. 0.37% of their portfolio Madrid, U3 2,699,7532.7m $25.3m $25.3m 0.37% Added +71.1k +71,125
31 CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio TORONTO ONTARIO, A6 2,673,5892.7m $27.2m $27.2m 0.04% Reduced -481.5k -481,534
32 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 2,647,5762.6m $27.0m $27.0m 0.01% Added +91.0k +91,006
33 Mitsubishi UFJ Trust & Banking Corp 0.06% of their portfolio TOKYO, M0 2,260,5502.3m $23.1m $23.1m 0.06% Added +192.3k +192,295
34 MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 1.07% of their portfolio Munich, 2M 2,231,2872.2m $22.7m $22.7m 1.07% Added +1.0m +1,048,815
35 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 1,925,8631.9m $22.3m $22.3m 0.01% Added +685.3k +685,339
36 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 1,863,6851.9m $19.0m $19.0m 0.03% Added +1.2m +1,235,852
37 Zurcher Kantonalbank (Zurich Cantonalbank) 0.09% of their portfolio ZURICH, V8 1,853,6591.9m $18.8m $18.8m 0.09% Added +522.9k +522,854
38 AVIVA PLC 0.08% of their portfolio LONDON, X0 1,809,2741.8m $18.4m $18.4m 0.08% Reduced -161.5k -161,458
39 Vontobel Holding Ltd. 0.15% of their portfolio ZURICH, V8 1,536,1351.5m $15.6m $15.6m 0.15% Added +769.3k +769,344
40 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,422,8251.4m $14.5m $14.5m 0.00% Added +624.2k +624,237
41 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 1,334,6221.3m $13.6m $13.6m 0.02% Added +1.0m +1,040,144
42 PICTET ASSET MANAGEMENT SA 0.01% of their portfolio GENEVA 73, V8 1,141,9651.1m $11.6m $11.6m 0.01% Reduced -759.9k -759,941
43 BlackRock Inc. 0.00% of their portfolio New York, NY 1,136,1901.1m $11.6m $11.6m 0.00% Added +80.9k +80,936
44 AXA S.A. 0.04% of their portfolio PARIS, I0 1,101,4781.1m $11.2m $11.2m 0.04% Reduced -691.3k -691,293
45 STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio MADISON, WI 1,024,9781.0m $10.4m $10.4m 0.03% New
46 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 1,000,3301.0m $10.2m $10.2m 0.01% Added +338.4k +338,392
47 Public Sector Pension Investment Board 0.08% of their portfolio MONTREAL, A8 985,624985.6k $10.0m $10.0m 0.08% Added +46.5k +46,514
48 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 978,650978.6k $1.4m $1.4m 0.00% Added +877.9k +877,939
49 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 939,185939.2k $9.6m $9.6m 0.00% Reduced -268 -268
50 FMR LLC 0.00% of their portfolio BOSTON, MA 910,266910.3k $9.2m $9.2m 0.00% Added +150.3k +150,269
51 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 896,160896.2k $9.1m $9.1m 0.01% Added +30.9k +30,864
52 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.09% of their portfolio New York, NY 774,076774.1k $7.9m $7.9m 0.09% New
53 TWO SIGMA ADVISERS, LP 0.02% of their portfolio NEW YORK, NY 733,192733.2k $7.5m $7.5m 0.02% Reduced -431.1k -431,100
54 Qube Research & Technologies Ltd 0.04% of their portfolio LONDON, X0 694,166694.2k $7.1m $7.1m 0.04% New
55 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 675,710675.7k $6.9m $6.9m 0.00% Reduced -12.5k -12,547
56 Andra AP-fonden 0.15% of their portfolio GOTEBORG, V7 621,192621.2k $5.8m $5.8m 0.15% Added +513.7k +513,698
57 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 539,913539.9k $5.5m $5.5m 0.01% New
58 BANQUE PICTET & CIE SA 0.05% of their portfolio GENEVA 73, V8 526,030526.0k $5.3m $5.3m 0.05% New
59 Korea Investment CORP 0.01% of their portfolio SEOUL, M5 486,810486.8k $4.9m $4.9m 0.01% Reduced -324.4k -324,370
60 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 480,859480.9k $4.9m $4.9m 0.00% Added +117.4k +117,359
61 WESTPAC BANKING CORP 0.06% of their portfolio SYDNEY, C3 446,271446.3k $4.2m $4.2m 0.06% New
62 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 442,968443.0k $4.5m $4.5m 0.01% Reduced -9.4k -9,393
63 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 439,787439.8k $4.5m $4.5m 0.00% Reduced -17.5k -17,541
64 SYCOMORE ASSET MANAGEMENT 1.16% of their portfolio PARIS, I0 410,808410.8k $4.1m $4.1m 1.16% New
65 USS Investment Management Ltd 0.06% of their portfolio London, X0 410,771410.8k $4.2m $4.2m 0.06% Unchanged
66 LGT Group Foundation 0.12% of their portfolio VADUZ, N2 402,581402.6k $4.1m $4.1m 0.12% Added +144.6k +144,570
67 TEGEAN CAPITAL MANAGEMENT, LLC 2.77% of their portfolio New York, NY 400,000400.0k $4.1m $4.1m 2.77% New
68 FORSTA AP-FONDEN 0.00% of their portfolio STOCKHOLM, V7 369,336369.3k $0 $0 0.00% Added +160.3k +160,259
69 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 349,936349.9k $3.6m $3.6m 0.01% Reduced -9.2m -9,219,154
70 Private Advisory Group LLC 0.73% of their portfolio REDMOND, WA 337,746337.7k $3.4m $3.4m 0.73% New
71 UBS Group AG 0.00% of their portfolio ZURICH, V8 317,368317.4k $3.2m $3.2m 0.00% Added +238.6k +238,569
72 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 313,031313.0k $3.2m $3.2m 0.00% New
73 OSSIAM 0.06% of their portfolio PARIS, I0 305,244305.2k $3.1m $3.1m 0.06% Reduced -142.8k -142,756
74 ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio UNITED KINGDOM, X0 302,788302.8k $3.1m $3.1m 0.01% Added +21.2k +21,176
75 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 300,247300.2k $3.1m $3.1m 0.00% Added +7.2k +7,192
76 Cubist Systematic Strategies, LLC 0.03% of their portfolio STAMFORD, CT 297,698297.7k $3.0m $3.0m 0.03% Reduced -325.4k -325,386
77 Utah Retirement Systems 0.04% of their portfolio SALT LAKE CITY, UT 250,893250.9k $2.6m $2.6m 0.04% New
78 1832 Asset Management L.P. 0.01% of their portfolio TORONTO, A6 247,670247.7k $2.5m $2.5m 0.01% Added +246.9k +246,945
79 Edgestream Partners, L.P. 0.27% of their portfolio Princeton, NJ 240,507240.5k $2.5m $2.5m 0.27% Added +164.2k +164,242
80 Quinn Opportunity Partners LLC 0.23% of their portfolio CHARLOTTESVILLE, VA 208,326208.3k $2.1m $2.1m 0.23% New
81 HPC Germany GmbH & Co. KG 2.40% of their portfolio POTSDAM, 2M 186,815186.8k $1.9m $1.9m 2.40% Not comparable
82 Campbell & CO Investment Adviser LLC 0.35% of their portfolio BALTIMORE, MD 183,664183.7k $1.9m $1.9m 0.35% Added +113.2k +113,151
83 Perpetual Ltd 0.02% of their portfolio SYDNEY, NEW SOUTH WALES, C3 170,555170.6k $1.7m $1.7m 0.02% First filing
84 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 168,808168.8k $1.7m $1.7m 0.01% Added +25.6k +25,637
85 Vident Investment Advisory, LLC 0.05% of their portfolio Alpharetta, GA 160,921160.9k $1.6m $1.6m 0.05% Reduced -59.6k -59,599
86 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 147,418147.4k $1.5m $1.5m 0.00% Added +119.5k +119,544
87 Parallax Volatility Advisers, L.P. 0.05% of their portfolio San Francisco, CA 144,643144.6k $1.5m $1.5m 0.05% Added +14.5k +14,482
88 Y-Intercept (Hong Kong) Ltd 0.17% of their portfolio HONG KONG, K3 143,433143.4k $1.5m $1.5m 0.17% Added +51.0k +50,973
89 Ensign Peak Advisors, Inc 0.00% of their portfolio SALT LAKE CITY, UT 127,800127.8k $1.3m $1.3m 0.00% Added +23.5k +23,500
90 AMERICAN FINANCIAL GROUP INC 0.41% of their portfolio CINCINNATI, OH 127,799127.8k $1.3m $1.3m 0.41% Unchanged
91 Crossmark Global Holdings, Inc. 0.03% of their portfolio HOUSTON, TX 124,397124.4k $1.3m $1.3m 0.03% Reduced -2.7k -2,663
92 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 123,273123.3k $1.3m $1.3m 0.01% Reduced -10.4k -10,387
93 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 122,845122.8k $1.3m $1.3m 0.02% Added +57.8k +57,783
94 Eisler Capital (UK) Ltd. 0.11% of their portfolio LONDON, X0 122,185122.2k $1.2m $1.2m 0.11% Unchanged
95 Achmea Investment Management B.V. 0.03% of their portfolio ZEIST, P7 117,936117.9k $1.2m $1.2m 0.03% Unchanged
96 WOLVERINE TRADING, LLC 0.03% of their portfolio CHICAGO, IL 112,826112.8k $1.1m $1.1m 0.03% New
97 Assenagon Asset Management S.A. 0.00% of their portfolio SENNINGERBERG, N4 112,273112.3k $1.1m $1.1m 0.00% Added +2.1k +2,065
98 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio JUPITER, FL 112,008112.0k $1.1m $1.1m 0.01% Reduced -1.3m -1,333,483
99 Wealthspire Advisors, LLC 0.02% of their portfolio NEW YORK, NY 110,000110.0k $1.1m $1.1m 0.02% Added +33.2k +33,154
100 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 101,506101.5k $1.0m $1.0m 0.00% Added +84.2k +84,225