DEUTSCHE BANK A G DB
NAMEN AKT · Common Stock · CUSIP D18190898
- SectorFinancials
- IndustryState Commercial Banks
- HeadquartersNew York, NY
- FilingsSEC EDGAR
* 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 ($1.1m this quarter). Holder counts are more reliable. Shares outstanding: 2.0bn as of 2023-12-31, 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 ≈ $10.96. Options: 19 managers hold calls ($274.1m notional), 29 hold puts ($492.0m).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 226 |
| Q4 2022 | 227 |
| Q1 2023 | 248 |
| Q2 2023 | 250 |
| Q3 2023 | 248 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 109 | 100 |
| Q1 2023 | 130 | 95 |
| Q2 2023 | 116 | 115 |
| Q3 2023 | 109 | 112 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $288.4m | $603.2m | 2.09 |
| Q1 2023 | $405.9m | $592.9m | 1.46 |
| Q2 2023 | $366.7m | $443.3m | 1.21 |
| Q3 2023 | $274.1m | $492.0m | 1.80 |
Biggest buyers
| DEUTSCHE BANK AG\ | Added | +18.1m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +11.0m |
| BANK OF AMERICA CORP /DE/ | Added | +6.4m |
| Amundi | Added | +3.9m |
| HSBC HOLDINGS PLC | Added | +2.9m |
| UBS Group AG | Added | +2.5m |
| Optiver Holding B.V. | New | +2.2m |
| CITIGROUP INC | Added | +2.0m |
| TORONTO DOMINION BANK | New | +1.9m |
| NORGES BANK | Added | +1.3m |
Biggest sellers
| Odey Asset Management LLP | Reduced | -4.6m |
| CREDIT AGRICOLE S A | Reduced | -3.3m |
| JUPITER ASSET MANAGEMENT LTD | Reduced | -2.6m |
| MASTERS CAPITAL MANAGEMENT LLC | Reduced | -2.0m |
| SYCOMORE ASSET MANAGEMENT | Sold out | -1.5m |
| CREDIT SUISSE AG/ | Reduced | -1.1m |
| Qube Research & Technologies Ltd | Sold out | -638.0k |
| THIRD AVENUE MANAGEMENT LLC | Reduced | -563.2k |
| AVIVA PLC | Reduced | -522.8k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -496.4k |
Biggest calls
| HSBC HOLDINGS PLC | Added | $78.8m7.1m shares |
| GOLDMAN SACHS GROUP INC | Added | $69.6m6.3m shares |
| UBS Group AG | Reduced | $44.3m4.0m shares |
| MASTERS CAPITAL MANAGEMENT LLC | New | $22.3m2.0m shares |
| CITIGROUP INC | Reduced | $22.0m2.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $14.5m1.3m shares |
| BANK OF AMERICA CORP /DE/ | Added | $12.1m1.1m shares |
| CITADEL ADVISORS LLC | Reduced | $4.3m389.5k shares |
| PEAK6 Investments LLC | Added | $1.6m142.2k shares |
| Walleye Trading LLC | Reduced | $1.5m135.9k shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | Added | $108.0m9.8m shares |
| CITIGROUP INC | Added | $60.5m5.5m shares |
| UBS Group AG | Reduced | $53.8m4.9m shares |
| JPMORGAN CHASE & CO | Added | $44.8m4.1m shares |
| GROUP ONE TRADING LLC | Added | $35.6m3.2m shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $34.9m3.2m shares |
| HSBC HOLDINGS PLC | Reduced | $31.4m2.8m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $28.2m2.7m shares |
| Optiver Holding B.V. | Added | $26.4m2.4m shares |
| Eisler Capital (UK) Ltd. | Reduced | $19.7m1.8m 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 Q3 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 Q3 2023.
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 77.5m $851.5m | Added +1.1m |
| Hudson Executive Capital LP 87.97% of their portfolio | 67.4m $744.5m | Unchanged |
| DEUTSCHE BANK AG\ 0.36% of their portfolio | 51.0m $560.4m | Added +18.1m |
| Amundi 0.21% of their portfolio | 41.0m $427.2m | Added +3.9m |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 29.1m $320.1m | Added +421.3k |
| NORGES BANK 0.06% of their portfolio | 25.7m $284.3m | Added +1.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.31% of their portfolio | 23.2m $256.7m | Added +11.0m |
| Cerberus Capital Management, L.P. 5.07% of their portfolio | 19.5m $215.7m | Unchanged |
| DekaBank Deutsche Girozentrale 0.48% of their portfolio | 18.9m $209.2m | Reduced -186.1k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 16.8m $184.4m | Added +6.4m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.17% of their portfolio | 10.4m $114.7m | Reduced -346.2k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 10.1m $111.4m | Added +249.4k |
| CITIGROUP INC 0.14% of their portfolio | 8.7m $95.8m | Added +2.0m |
| COMMERZBANK AKTIENGESELLSCHAFT /FI 4.08% of their portfolio | 7.8m $86.1m | Reduced -68.7k |
| HSBC HOLDINGS PLC 0.07% of their portfolio | 6.0m $66.6m | Added +2.9m |
| CREDIT SUISSE AG/ 0.07% of their portfolio | 5.9m $64.4m | Reduced -1.1m |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 5.4m $58.8m | Added +409.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 4.4m $48.4m | Reduced -190.9k |
| UBS Group AG 0.02% of their portfolio | 4.4m $48.3m | Added +2.5m |
| MORGAN STANLEY 0.00% of their portfolio | 4.1m $44.6m | Added +28.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 3.8m $42.1m | Reduced -84.1k |
| Allianz Asset Management GmbH 0.08% of their portfolio | 3.6m $39.9m | Added +598.5k |
| Russell Investments Group, Ltd. 0.08% of their portfolio | 3.5m $39.3m | Reduced -97.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.06% of their portfolio | 3.5m $39.1m | Added +661.0k |
| Banco Santander, S.A. 0.49% of their portfolio | 3.2m $34.9m | Added +297.8k |
| Invesco Ltd. 0.01% of their portfolio | 2.8m $30.3m | Reduced -178.5k |
| JANE STREET GROUP, LLC 0.05% of their portfolio | 2.7m $29.4m | Added +1.2m |
| AVIVA PLC 0.12% of their portfolio | 2.6m $28.6m | Reduced -522.8k |
| TWO SIGMA ADVISERS, LP 0.07% of their portfolio | 2.6m $28.4m | Added +1.3m |
| THIRD AVENUE MANAGEMENT LLC 4.57% of their portfolio | 2.5m $27.3m | Reduced -563.2k |
| Optiver Holding B.V. 0.68% of their portfolio | 2.2m $23.7m | New |
| MASTERS CAPITAL MANAGEMENT LLC 4.30% of their portfolio | 2.0m $21.8m | Reduced -2.0m |
| TORONTO DOMINION BANK 0.02% of their portfolio | 1.9m $21.0m | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.09% of their portfolio | 1.8m $20.2m | Reduced -21.9k |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 0.83% of their portfolio | 1.7m $19.1m | Reduced -50.3k |
| Mitsubishi UFJ Trust & Banking Corp 0.05% of their portfolio | 1.7m $18.8m | Reduced -467.1k |
| Vontobel Holding Ltd. 0.15% of their portfolio | 1.5m $16.4m | Reduced -435.1k |
| AXA S.A. 0.05% of their portfolio | 1.4m $15.1m | Added +587.5k |
| BlackRock Inc. 0.00% of their portfolio | 1.2m $13.1m | Added +106.3k |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 1.2m $12.9m | First filing |
| ACADIAN ASSET MANAGEMENT LLC 0.05% of their portfolio | 1.1m $12.2m | Added +313.1k |
| FMR LLC 0.00% of their portfolio | 1.1m $11.8m | Added +64.1k |
| Public Sector Pension Investment Board 0.08% of their portfolio | 931.4k $10.3m | Added +2.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 921.1k $10.1m | Reduced -19.9k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 917.2k $10.4m | Reduced -57.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 912.6k $10.1m | Added +21.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 867.3k $9.6m | Reduced -26.6k |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 820.1k $9.0m | New |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 774.1k $8.5m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 676.9k $7.4m | Added +36.0k |
| Andra AP-fonden 0.40% of their portfolio | 653.5k $6.8m | Added +12.5k |
| M&G INVESTMENT MANAGEMENT LTD 0.05% of their portfolio | 626.3k $6.6m | Added +54.1k |
| Odey Asset Management LLP 8.35% of their portfolio | 608.5k $6.7m | Reduced -4.6m |
| CREDIT AGRICOLE S A 0.19% of their portfolio | 573.5k $6.3m | Reduced -3.3m |
| MUFG Securities EMEA plc 0.60% of their portfolio | 536.6k $5.6m | New |
| MARSHALL WACE, LLP 0.01% of their portfolio | 448.6k $5.0m | Added +236.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 434.1k $4.8m | Reduced -94.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 428.0k $4.7m | Added +152.4k |
| TD Asset Management Inc 0.01% of their portfolio | 409.3k $4.5m | Reduced -5.7k |
| LGT Group Foundation 0.11% of their portfolio | 400.3k $4.3m | Reduced -56 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 391.2k $4.3m | Reduced -16.2k |
| Private Advisory Group LLC 0.83% of their portfolio | 381.9k $4.2m | Reduced -8.5k |
| Korea Investment CORP 0.01% of their portfolio | 369.4k $4.1m | Reduced -42.1k |
| FORSTA AP-FONDEN 0.00% of their portfolio | 343.2k $0 | Added +40.7k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio | 323.8k $3.6m | Added +21.0k |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 322.3k $3.3m | Reduced -2.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 311.6k $3.4m | Reduced -496.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 309.3k $3.4m | Added +18.0k |
| CAPITAL FUND MANAGEMENT S.A. 0.04% of their portfolio | 276.5k $3.0m | Added +78.4k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 264.9k $2.9m | Reduced -31.8k |
| 1832 Asset Management L.P. 0.01% of their portfolio | 254.7k $2.8m | Added +4.9k |
| USS Investment Management Ltd 0.03% of their portfolio | 250.6k $2.8m | Added +1.4k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.04% of their portfolio | 242.7k $2.7m | Added +75.7k |
| Utah Retirement Systems 0.04% of their portfolio | 237.3k $2.6m | Unchanged |
| Susquehanna International Securities, Ltd. 2.06% of their portfolio | 221.4k $2.4m | Added +157.7k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.31% of their portfolio | 216.3k $2.4m | Reduced -155.8k |
| QRG CAPITAL MANAGEMENT, INC. 0.04% of their portfolio | 210.7k $2.3m | First filing |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 210.6k $2.3m | Added +33.8k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 203.1k $2.2m | Reduced -9.6k |
| PRUDENTIAL PLC 0.03% of their portfolio | 201.0k $2.2m | Added +3.3k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 199.6k $2.1m | Added +41.8k |
| GROUP ONE TRADING LLC 0.09% of their portfolio | 196.7k $2.2m | Added +185.2k |
| HPC Germany GmbH & Co. KG 8.64% of their portfolio | 186.8k $2.1m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 185.2k $2.0m | Reduced -41.8k |
| Legal & General Group Plc 0.00% of their portfolio | 174.3k $1.9m | Added +4.0k |
| Quinn Opportunity Partners LLC 0.25% of their portfolio | 173.3k $1.9m | Unchanged |
| MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio | 166.6k $1.8m | Added +62.4k |
| Baader Bank Aktiengesellschaft 0.15% of their portfolio | 156.0k $1.6m | New |
| Parallax Volatility Advisers, L.P. 0.06% of their portfolio | 156.0k $1.7m | Added +9.2k |
| Achmea Investment Management B.V. 0.04% of their portfolio | 154.6k $1.7m | Reduced -3.8k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 127.8k $1.4m | Unchanged |
| AMERICAN FINANCIAL GROUP INC 0.48% of their portfolio | 127.8k $1.4m | Unchanged |
| SG Americas Securities, LLC 0.02% of their portfolio | 122.9k $1.4m | Reduced -2.3k |
| Campbell & CO Investment Adviser LLC 0.16% of their portfolio | 121.3k $1.3m | New |
| Quantinno Capital Management LP 0.06% of their portfolio | 120.5k $1.3m | Added +66.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 118.8k $1.3m | Added +12.0k |
| Crossmark Global Holdings, Inc. 0.03% of their portfolio | 118.7k $1.3m | Added +290 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 118.5k $1.3m | Reduced -335 |
| Mariner, LLC 0.00% of their portfolio | 116.8k $1.3m | Added +1.4k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 110.9k $1.2m | Unchanged |