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
1 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 76,407,01476.4m $804.6m $804.6m 0.02% Added +1.0m +1,020,212
2 Hudson Executive Capital LP 85.35% of their portfolio NEW YORK, NY 67,389,67667.4m $707.3m $707.3m 85.35% Unchanged
3 Amundi 0.20% of their portfolio Paris, I0 37,056,71637.1m $395.8m $395.8m 0.20% Reduced -7.9m -7,877,775
4 DEUTSCHE BANK AG\ 0.18% of their portfolio FRANKFURT AM MAIN, 2M 32,915,23732.9m $346.6m $346.6m 0.18% Reduced -13.5m -13,522,231
5 GOLDMAN SACHS GROUP INC 0.08% of their portfolio NEW YORK, NY 28,709,66928.7m $302.3m $302.3m 0.08% Reduced -18.3m -18,288,968
6 NORGES BANK 0.05% of their portfolio OSLO, Q8 24,421,05424.4m $256.3m $256.3m 0.05% Added +2.0m +2,023,811
7 Cerberus Capital Management, L.P. 4.85% of their portfolio NEW YORK, NY 19,526,25019.5m $204.9m $204.9m 4.85% Unchanged
8 DekaBank Deutsche Girozentrale 0.45% of their portfolio FRANKFURT, 2M 19,057,97519.1m $200.3m $200.3m 0.45% Added +2.3m +2,263,810
9 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.16% of their portfolio BOSTON, MA 12,292,52212.3m $129.1m $129.1m 0.16% Added +11.8m +11,752,609
10 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.18% of their portfolio FRANKFURT AM MAIN, 2M 10,709,35510.7m $112.2m $112.2m 0.18% Reduced -3.4m -3,352,651
11 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 10,331,71410.3m $108.8m $108.8m 0.01% Reduced -69.1k -69,085
12 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 9,891,1469.9m $104.2m $104.2m 0.01% Added +2.8m +2,784,472
13 COMMERZBANK AKTIENGESELLSCHAFT /FI 4.08% of their portfolio FRANKFURT, 2M 7,902,9057.9m $83.2m $83.2m 4.08% Reduced -662.1k -662,060
14 CREDIT SUISSE AG/ 0.07% of their portfolio ZURICH, V8 6,922,1506.9m $72.9m $72.9m 0.07% Added +545.5k +545,484
15 CITIGROUP INC 0.09% of their portfolio NEW YORK, NY 6,657,8646.7m $69.8m $69.8m 0.09% Reduced -2.9m -2,914,865
16 Odey Asset Management LLP 20.14% of their portfolio LONDON, UNITED KINGDOM, X0 5,205,5355.2m $54.8m $54.8m 20.14% First filing
17 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 4,941,2114.9m $52.0m $52.0m 0.02% Reduced -26.2k -26,211
18 Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio CHIYODA-KU, TOKYO, M0 4,584,4184.6m $48.2m $48.2m 0.04% Reduced -952.6k -952,599
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,027,6954.0m $42.4m $42.4m 0.00% Added +72.7k +72,668
20 MASTERS CAPITAL MANAGEMENT LLC 8.54% of their portfolio ATLANTA, GA 4,000,0004.0m $42.1m $42.1m 8.54% Added +1.0m +1,000,000
21 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 3,913,6863.9m $41.2m $41.2m 0.01% Reduced -84.4k -84,398
22 CREDIT AGRICOLE S A 1.34% of their portfolio Montrouge Cedex, I0 3,901,5273.9m $41.1m $41.1m 1.34% Reduced -2.6m -2,583,625
23 Russell Investments Group, Ltd. 0.07% of their portfolio Seattle, WA 3,647,4263.6m $38.3m $38.3m 0.07% Reduced -440.0k -439,974
24 AVIVA PLC 0.13% of their portfolio LONDON, X0 3,105,8863.1m $32.6m $32.6m 0.13% Added +1.3m +1,296,612
25 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 3,073,8533.1m $32.2m $32.2m 0.03% Reduced -525.8k -525,849
26 THIRD AVENUE MANAGEMENT LLC 5.28% of their portfolio NEW YORK, NY 3,048,5703.0m $32.0m $32.0m 5.28% Added +37.5k +37,467
27 Allianz Asset Management GmbH 0.06% of their portfolio MUNICH, 2M 3,018,4163.0m $31.7m $31.7m 0.06% Added +272.1k +272,097
28 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 2,935,4262.9m $30.9m $30.9m 0.01% Added +287.9k +287,850
29 CANADA PENSION PLAN INVESTMENT BOARD 0.05% of their portfolio TORONTO ONTARIO, A6 2,869,0602.9m $30.1m $30.1m 0.05% Added +195.5k +195,471
30 Banco Santander, S.A. 0.39% of their portfolio Madrid, U3 2,854,0292.9m $30.1m $30.1m 0.39% Added +154.3k +154,276
31 JUPITER ASSET MANAGEMENT LTD 0.31% of their portfolio London, X0 2,717,3802.7m $28.5m $28.5m 0.31% Added +6.7k +6,734
32 Mitsubishi UFJ Trust & Banking Corp 0.05% of their portfolio TOKYO, M0 2,171,8732.2m $22.7m $22.7m 0.05% Reduced -88.7k -88,677
33 Vontobel Holding Ltd. 0.18% of their portfolio ZURICH, V8 1,919,5761.9m $20.1m $20.1m 0.18% Added +383.4k +383,441
34 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,868,7061.9m $19.7m $19.7m 0.01% Added +1.6m +1,551,338
35 Zurcher Kantonalbank (Zurich Cantonalbank) 0.09% of their portfolio ZURICH, V8 1,851,0961.9m $19.4m $19.4m 0.09% Reduced -2.6k -2,563
36 MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 0.81% of their portfolio Munich, 2M 1,773,0891.8m $18.6m $18.6m 0.81% Reduced -458.2k -458,198
37 SYCOMORE ASSET MANAGEMENT 3.62% of their portfolio PARIS, I0 1,518,3551.5m $15.5m $15.5m 3.62% Added +1.1m +1,107,547
38 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 1,518,0871.5m $16.0m $16.0m 0.02% Reduced -345.6k -345,598
39 TWO SIGMA ADVISERS, LP 0.04% of their portfolio NEW YORK, NY 1,314,9231.3m $13.8m $13.8m 0.04% Added +581.7k +581,731
40 PICTET ASSET MANAGEMENT SA 0.01% of their portfolio GENEVA 73, V8 1,100,9081.1m $11.6m $11.6m 0.01% Reduced -41.1k -41,057
41 BlackRock Inc. 0.00% of their portfolio New York, NY 1,084,0491.1m $11.4m $11.4m 0.00% Reduced -52.1k -52,141
42 FMR LLC 0.00% of their portfolio BOSTON, MA 1,002,2791.0m $10.5m $10.5m 0.00% Added +92.0k +92,013
43 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 974,926974.9k $11.4m $11.4m 0.00% Reduced -950.9k -950,937
44 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 940,943940.9k $9.9m $9.9m 0.00% Added +1.8k +1,758
45 Public Sector Pension Investment Board 0.07% of their portfolio MONTREAL, A8 929,129929.1k $9.7m $9.7m 0.07% Reduced -56.5k -56,495
46 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 893,890893.9k $9.3m $9.3m 0.01% Reduced -2.3k -2,270
47 STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio MADISON, WI 890,716890.7k $9.3m $9.3m 0.03% Reduced -134.3k -134,262
48 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 808,022808.0k $8.5m $8.5m 0.01% Reduced -192.3k -192,308
49 ACADIAN ASSET MANAGEMENT LLC 0.03% of their portfolio Boston, MA 787,603787.6k $8.3m $8.3m 0.03% Reduced -9.1m -9,114,814
50 AXA S.A. 0.03% of their portfolio PARIS, I0 784,212784.2k $8.3m $8.3m 0.03% Reduced -317.3k -317,266
51 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.09% of their portfolio New York, NY 774,076774.1k $8.1m $8.1m 0.09% Unchanged
52 Andra AP-fonden 0.16% of their portfolio GOTEBORG, V7 641,024641.0k $6.2m $6.2m 0.16% Added +19.8k +19,832
53 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 640,872640.9k $6.7m $6.7m 0.01% Added +160.0k +160,013
54 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 638,006638.0k $6.7m $6.7m 0.03% Reduced -56.2k -56,160
55 M&G INVESTMENT MANAGEMENT LTD 0.04% of their portfolio London, X0 572,285572.3k $6.2m $6.2m 0.04% Added +519.7k +519,689
56 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 528,245528.2k $5.6m $5.6m 0.01% Reduced -806.4k -806,377
57 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 414,984415.0k $4.4m $4.4m 0.00% Reduced -28.0k -27,984
58 Korea Investment CORP 0.01% of their portfolio SEOUL, M5 411,510411.5k $4.3m $4.3m 0.01% Reduced -75.3k -75,300
59 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 407,389407.4k $4.3m $4.3m 0.00% Reduced -32.4k -32,398
60 LGT Group Foundation 0.10% of their portfolio VADUZ, N2 400,397400.4k $4.2m $4.2m 0.10% Reduced -2.2k -2,184
61 Private Advisory Group LLC 0.81% of their portfolio REDMOND, WA 390,417390.4k $4.1m $4.1m 0.81% Added +52.7k +52,671
62 OCCUDO QUANTITATIVE STRATEGIES LP 0.41% of their portfolio FORT LAUDERDALE, FL 372,109372.1k $3.9m $3.9m 0.41% Added +279.8k +279,812
63 MACKENZIE FINANCIAL CORP 0.01% of their portfolio TORONTO ONTARIO, A6 325,058325.1k $3.5m $3.5m 0.01% Added +12.0k +12,027
64 ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio UNITED KINGDOM, X0 302,788302.8k $3.2m $3.2m 0.01% Unchanged
65 FORSTA AP-FONDEN 0.00% of their portfolio STOCKHOLM, V7 302,565302.6k $0 $0 0.00% Reduced -66.8k -66,771
66 Cubist Systematic Strategies, LLC 0.04% of their portfolio STAMFORD, CT 302,369302.4k $3.2m $3.2m 0.04% Added +4.7k +4,671
67 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 296,689296.7k $3.1m $3.1m 0.00% Added +149.3k +149,271
68 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 291,326291.3k $3.1m $3.1m 0.00% Reduced -8.9k -8,921
69 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 275,570275.6k $2.9m $2.9m 0.00% Reduced -1.1m -1,147,255
70 1832 Asset Management L.P. 0.01% of their portfolio TORONTO, A6 249,858249.9k $2.6m $2.6m 0.01% Added +2.2k +2,188
71 USS Investment Management Ltd 0.03% of their portfolio London, X0 249,268249.3k $2.6m $2.6m 0.03% Reduced -161.5k -161,503
72 Utah Retirement Systems 0.03% of their portfolio SALT LAKE CITY, UT 237,293237.3k $2.5m $2.5m 0.03% Reduced -13.6k -13,600
73 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 227,010227.0k $2.4m $2.4m 0.00% Reduced -751.6k -751,640
74 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 212,634212.6k $2.2m $2.2m 0.00% Reduced -463.1k -463,076
75 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 211,970212.0k $2.2m $2.2m 0.00% Reduced -138.0k -137,966
76 CAPITAL FUND MANAGEMENT S.A. 0.03% of their portfolio PARIS, I0 198,060198.1k $2.1m $2.1m 0.03% Added +121.8k +121,757
77 PRUDENTIAL PLC 0.02% of their portfolio LONDON, X0 197,692197.7k $2.1m $2.1m 0.02% New
78 Schonfeld Strategic Advisors LLC 0.02% of their portfolio NEW YORK, NY 194,600194.6k $2.0m $2.0m 0.02% Added +176.2k +176,200
79 HPC Germany GmbH & Co. KG 2.46% of their portfolio POTSDAM, 2M 186,815186.8k $2.0m $2.0m 2.46% Unchanged
80 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 176,786176.8k $1.9m $1.9m 0.01% Added +8.0k +7,978
81 Quinn Opportunity Partners LLC 0.25% of their portfolio CHARLOTTESVILLE, VA 173,326173.3k $1.8m $1.8m 0.25% Reduced -35.0k -35,000
82 Legal & General Group Plc 0.00% of their portfolio London, X0 170,385170.4k $1.8m $1.8m 0.00% New
83 Vident Investment Advisory, LLC 0.06% of their portfolio Alpharetta, GA 170,096170.1k $1.8m $1.8m 0.06% Added +9.2k +9,175
84 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.03% of their portfolio Stamford, CT 166,985167.0k $1.8m $1.8m 0.03% Added +103.4k +103,381
85 Achmea Investment Management B.V. 0.04% of their portfolio ZEIST, P7 158,366158.4k $1.7m $1.7m 0.04% Added +40.4k +40,430
86 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 157,850157.8k $1.7m $1.7m 0.00% Added +147.3k +147,322
87 WESTPAC BANKING CORP 0.11% of their portfolio SYDNEY, C3 152,992153.0k $1.6m $1.6m 0.11% Reduced -293.3k -293,279
88 Perpetual Ltd 0.01% of their portfolio SYDNEY, NEW SOUTH WALES, C3 152,992153.0k $1.6m $1.6m 0.01% Reduced -17.6k -17,563
89 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 151,928151.9k $1.6m $1.6m 0.00% Added +73.8k +73,829
90 Parallax Volatility Advisers, L.P. 0.05% of their portfolio San Francisco, CA 146,811146.8k $1.5m $1.5m 0.05% Added +2.2k +2,168
91 Ensign Peak Advisors, Inc 0.00% of their portfolio SALT LAKE CITY, UT 127,800127.8k $1.3m $1.3m 0.00% Unchanged
92 AMERICAN FINANCIAL GROUP INC 0.42% of their portfolio CINCINNATI, OH 127,799127.8k $1.3m $1.3m 0.42% Unchanged
93 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 125,246125.2k $1.3m $1.3m 0.01% Added +2.4k +2,401
94 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 118,818118.8k $1.3m $1.3m 0.00% Added +19.4k +19,358
95 Crossmark Global Holdings, Inc. 0.03% of their portfolio HOUSTON, TX 118,360118.4k $1.3m $1.3m 0.03% Reduced -6.0k -6,037
96 Mariner, LLC 0.00% of their portfolio Overland Park, KS 115,402115.4k $1.2m $1.2m 0.00% Added +29.7k +29,663
97 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 110,884110.9k $1.2m $1.2m 0.01% Reduced -12.4k -12,389
98 Assenagon Asset Management S.A. 0.00% of their portfolio SENNINGERBERG, N4 107,053107.1k $1.1m $1.1m 0.00% Reduced -5.2k -5,220
99 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 106,860106.9k $1.1m $1.1m 0.00% Added +24.2k +24,212
100 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 104,141104.1k $1.1m $1.1m 0.00% Added +13.6k +13,562