Vault-13

DEUTSCHE BANK A G DB

NAMEN AKT · Common Stock · CUSIP D18190898

248 institutional holders -2 vs Q2 2023
510,718,317510.7m shares reported held*
25.6% of all shares outstanding*
$5.6bnreported value*
25 new 84 added 82 reduced 30 sold out net bought ≈ $452.7m (+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 ($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

0100200300Q3 22: 226Q4 22: 227Q1 23: 248Q2 23: 250Q3 23: 248248Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022226
Q4 2022227
Q1 2023248
Q2 2023250
Q3 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 23Q2 23: 116 bought or addedQ2 23: 115 cut or sold outQ2 23Q3 23: 109 bought or addedQ3 23: 112 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022109100
Q1 202313095
Q2 2023116115
Q3 2023109112

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ4 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 1.21Q3 23 calls: $274.1mQ3 23 puts: $492.0mQ3 23P/C 1.80
Numbers
QuarterCallsPutsP/C
Q4 2022$288.4m$603.2m2.09
Q1 2023$405.9m$592.9m1.46
Q2 2023$366.7m$443.3m1.21
Q3 2023$274.1m$492.0m1.80

Biggest buyers

DEUTSCHE BANK AG\ Added +18,080,301+18.1m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +10,955,429+11.0m
BANK OF AMERICA CORP /DE/ Added +6,445,951+6.4m
Amundi Added +3,941,121+3.9m
HSBC HOLDINGS PLC Added +2,945,104+2.9m
UBS Group AG Added +2,522,576+2.5m
Optiver Holding B.V. New +2,155,510+2.2m
CITIGROUP INC Added +2,039,814+2.0m
TORONTO DOMINION BANK New +1,912,842+1.9m
NORGES BANK Added +1,310,016+1.3m

Biggest sellers

Odey Asset Management LLP Reduced -4,597,024-4.6m
CREDIT AGRICOLE S A Reduced -3,328,026-3.3m
JUPITER ASSET MANAGEMENT LTD Reduced -2,607,844-2.6m
MASTERS CAPITAL MANAGEMENT LLC Reduced -2,015,000-2.0m
SYCOMORE ASSET MANAGEMENT Sold out -1,518,355-1.5m
CREDIT SUISSE AG/ Reduced -1,064,041-1.1m
Qube Research & Technologies Ltd Sold out -638,006-638.0k
THIRD AVENUE MANAGEMENT LLC Reduced -563,229-563.2k
AVIVA PLC Reduced -522,846-522.8k
RENAISSANCE TECHNOLOGIES LLC Reduced -496,419-496.4k

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 77,480,20977.5m $851.5m $851.5m 0.02% Added +1.1m +1,073,195
2 Hudson Executive Capital LP 87.97% of their portfolio NEW YORK, NY 67,389,67667.4m $744.5m $744.5m 87.97% Unchanged
3 DEUTSCHE BANK AG\ 0.36% of their portfolio FRANKFURT AM MAIN, 2M 50,995,53851.0m $560.4m $560.4m 0.36% Added +18.1m +18,080,301
4 Amundi 0.21% of their portfolio Paris, I0 40,997,83741.0m $427.2m $427.2m 0.21% Added +3.9m +3,941,121
5 GOLDMAN SACHS GROUP INC 0.08% of their portfolio NEW YORK, NY 29,130,98429.1m $320.1m $320.1m 0.08% Added +421.3k +421,315
6 NORGES BANK 0.06% of their portfolio OSLO, Q8 25,731,07025.7m $284.3m $284.3m 0.06% Added +1.3m +1,310,016
7 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.31% of their portfolio BOSTON, MA 23,247,95123.2m $256.7m $256.7m 0.31% Added +11.0m +10,955,429
8 Cerberus Capital Management, L.P. 5.07% of their portfolio NEW YORK, NY 19,526,25019.5m $215.7m $215.7m 5.07% Unchanged
9 DekaBank Deutsche Girozentrale 0.48% of their portfolio FRANKFURT, 2M 18,871,88018.9m $209.2m $209.2m 0.48% Reduced -186.1k -186,095
10 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 16,777,66516.8m $184.4m $184.4m 0.02% Added +6.4m +6,445,951
11 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.17% of their portfolio FRANKFURT AM MAIN, 2M 10,363,19710.4m $114.7m $114.7m 0.17% Reduced -346.2k -346,158
12 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 10,140,56210.1m $111.4m $111.4m 0.01% Added +249.4k +249,416
13 CITIGROUP INC 0.14% of their portfolio NEW YORK, NY 8,697,6788.7m $95.8m $95.8m 0.14% Added +2.0m +2,039,814
14 COMMERZBANK AKTIENGESELLSCHAFT /FI 4.08% of their portfolio FRANKFURT, 2M 7,834,1937.8m $86.1m $86.1m 4.08% Reduced -68.7k -68,712
15 HSBC HOLDINGS PLC 0.07% of their portfolio LONDON, X0 6,018,9576.0m $66.6m $66.6m 0.07% Added +2.9m +2,945,104
16 CREDIT SUISSE AG/ 0.07% of their portfolio ZURICH, V8 5,858,1095.9m $64.4m $64.4m 0.07% Reduced -1.1m -1,064,041
17 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 5,350,6915.4m $58.8m $58.8m 0.03% Added +409.5k +409,480
18 Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio CHIYODA-KU, TOKYO, M0 4,393,5374.4m $48.4m $48.4m 0.04% Reduced -190.9k -190,881
19 UBS Group AG 0.02% of their portfolio ZURICH, V8 4,391,2824.4m $48.3m $48.3m 0.02% Added +2.5m +2,522,576
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,056,1154.1m $44.6m $44.6m 0.00% Added +28.4k +28,420
21 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 3,829,6093.8m $42.1m $42.1m 0.01% Reduced -84.1k -84,077
22 Allianz Asset Management GmbH 0.08% of their portfolio MUNICH, 2M 3,616,8873.6m $39.9m $39.9m 0.08% Added +598.5k +598,471
23 Russell Investments Group, Ltd. 0.08% of their portfolio Seattle, WA 3,549,5433.5m $39.3m $39.3m 0.08% Reduced -97.9k -97,883
24 CANADA PENSION PLAN INVESTMENT BOARD 0.06% of their portfolio TORONTO ONTARIO, A6 3,530,0943.5m $39.1m $39.1m 0.06% Added +661.0k +661,034
25 Banco Santander, S.A. 0.49% of their portfolio Madrid, U3 3,151,7953.2m $34.9m $34.9m 0.49% Added +297.8k +297,766
26 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 2,756,9272.8m $30.3m $30.3m 0.01% Reduced -178.5k -178,499
27 JANE STREET GROUP, LLC 0.05% of their portfolio NEW YORK, NY 2,670,7282.7m $29.4m $29.4m 0.05% Added +1.2m +1,152,641
28 AVIVA PLC 0.12% of their portfolio LONDON, X0 2,583,0402.6m $28.6m $28.6m 0.12% Reduced -522.8k -522,846
29 TWO SIGMA ADVISERS, LP 0.07% of their portfolio NEW YORK, NY 2,580,4232.6m $28.4m $28.4m 0.07% Added +1.3m +1,265,500
30 THIRD AVENUE MANAGEMENT LLC 4.57% of their portfolio NEW YORK, NY 2,485,3412.5m $27.3m $27.3m 4.57% Reduced -563.2k -563,229
31 Optiver Holding B.V. 0.68% of their portfolio AMSTERDAM, P7 2,155,5102.2m $23.7m $23.7m 0.68% New
32 MASTERS CAPITAL MANAGEMENT LLC 4.30% of their portfolio ATLANTA, GA 1,985,0002.0m $21.8m $21.8m 4.30% Reduced -2.0m -2,015,000
33 TORONTO DOMINION BANK 0.02% of their portfolio TORONTO, ONTARIO, A6 1,912,8421.9m $21.0m $21.0m 0.02% New
34 Zurcher Kantonalbank (Zurich Cantonalbank) 0.09% of their portfolio ZURICH, V8 1,829,1751.8m $20.2m $20.2m 0.09% Reduced -21.9k -21,921
35 MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 0.83% of their portfolio Munich, 2M 1,722,7711.7m $19.1m $19.1m 0.83% Reduced -50.3k -50,318
36 Mitsubishi UFJ Trust & Banking Corp 0.05% of their portfolio TOKYO, M0 1,704,7251.7m $18.8m $18.8m 0.05% Reduced -467.1k -467,148
37 Vontobel Holding Ltd. 0.15% of their portfolio ZURICH, V8 1,484,5141.5m $16.4m $16.4m 0.15% Reduced -435.1k -435,062
38 AXA S.A. 0.05% of their portfolio PARIS, I0 1,371,6781.4m $15.1m $15.1m 0.05% Added +587.5k +587,466
39 BlackRock Inc. 0.00% of their portfolio New York, NY 1,190,3121.2m $13.1m $13.1m 0.00% Added +106.3k +106,263
40 Pictet Asset Management Holding SA 0.02% of their portfolio CAROUGE, V8 1,169,2871.2m $12.9m $12.9m 0.02% First filing
41 ACADIAN ASSET MANAGEMENT LLC 0.05% of their portfolio Boston, MA 1,100,7381.1m $12.2m $12.2m 0.05% Added +313.1k +313,135
42 FMR LLC 0.00% of their portfolio BOSTON, MA 1,066,4151.1m $11.8m $11.8m 0.00% Added +64.1k +64,136
43 Public Sector Pension Investment Board 0.08% of their portfolio MONTREAL, A8 931,445931.4k $10.3m $10.3m 0.08% Added +2.3k +2,316
44 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 921,084921.1k $10.1m $10.1m 0.00% Reduced -19.9k -19,859
45 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 917,232917.2k $10.4m $10.4m 0.00% Reduced -57.7k -57,694
46 STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio MADISON, WI 912,614912.6k $10.1m $10.1m 0.03% Added +21.9k +21,898
47 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 867,316867.3k $9.6m $9.6m 0.01% Reduced -26.6k -26,574
48 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 820,126820.1k $9.0m $9.0m 0.03% New
49 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.10% of their portfolio New York, NY 774,076774.1k $8.5m $8.5m 0.10% Unchanged
50 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 676,884676.9k $7.4m $7.4m 0.01% Added +36.0k +36,012
51 Andra AP-fonden 0.40% of their portfolio GOTEBORG, V7 653,527653.5k $6.8m $6.8m 0.40% Added +12.5k +12,503
52 M&G INVESTMENT MANAGEMENT LTD 0.05% of their portfolio London, X0 626,337626.3k $6.6m $6.6m 0.05% Added +54.1k +54,052
53 Odey Asset Management LLP 8.35% of their portfolio LONDON, UNITED KINGDOM, X0 608,511608.5k $6.7m $6.7m 8.35% Reduced -4.6m -4,597,024
54 CREDIT AGRICOLE S A 0.19% of their portfolio Montrouge Cedex, I0 573,501573.5k $6.3m $6.3m 0.19% Reduced -3.3m -3,328,026
55 MUFG Securities EMEA plc 0.60% of their portfolio LONDON, X0 536,605536.6k $5.6m $5.6m 0.60% New
56 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 448,641448.6k $5.0m $5.0m 0.01% Added +236.7k +236,671
57 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 434,086434.1k $4.8m $4.8m 0.01% Reduced -94.2k -94,159
58 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 428,016428.0k $4.7m $4.7m 0.00% Added +152.4k +152,446
59 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 409,310409.3k $4.5m $4.5m 0.01% Reduced -5.7k -5,674
60 LGT Group Foundation 0.11% of their portfolio VADUZ, N2 400,341400.3k $4.3m $4.3m 0.11% Reduced -56 -56
61 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 391,187391.2k $4.3m $4.3m 0.00% Reduced -16.2k -16,202
62 Private Advisory Group LLC 0.83% of their portfolio REDMOND, WA 381,946381.9k $4.2m $4.2m 0.83% Reduced -8.5k -8,471
63 Korea Investment CORP 0.01% of their portfolio SEOUL, M5 369,423369.4k $4.1m $4.1m 0.01% Reduced -42.1k -42,087
64 FORSTA AP-FONDEN 0.00% of their portfolio STOCKHOLM, V7 343,238343.2k $0 $0 0.00% Added +40.7k +40,673
65 ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio UNITED KINGDOM, X0 323,763323.8k $3.6m $3.6m 0.01% Added +21.0k +20,975
66 MACKENZIE FINANCIAL CORP 0.01% of their portfolio TORONTO ONTARIO, A6 322,280322.3k $3.3m $3.3m 0.01% Reduced -2.8k -2,778
67 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 311,603311.6k $3.4m $3.4m 0.01% Reduced -496.4k -496,419
68 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 309,296309.3k $3.4m $3.4m 0.00% Added +18.0k +17,970
69 CAPITAL FUND MANAGEMENT S.A. 0.04% of their portfolio PARIS, I0 276,497276.5k $3.0m $3.0m 0.04% Added +78.4k +78,437
70 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 264,916264.9k $2.9m $2.9m 0.00% Reduced -31.8k -31,773
71 1832 Asset Management L.P. 0.01% of their portfolio TORONTO, A6 254,746254.7k $2.8m $2.8m 0.01% Added +4.9k +4,888
72 USS Investment Management Ltd 0.03% of their portfolio London, X0 250,620250.6k $2.8m $2.8m 0.03% Added +1.4k +1,352
73 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.04% of their portfolio Stamford, CT 242,688242.7k $2.7m $2.7m 0.04% Added +75.7k +75,703
74 Utah Retirement Systems 0.04% of their portfolio SALT LAKE CITY, UT 237,293237.3k $2.6m $2.6m 0.04% Unchanged
75 Susquehanna International Securities, Ltd. 2.06% of their portfolio DUBLIN, L2 221,417221.4k $2.4m $2.4m 2.06% Added +157.7k +157,708
76 OCCUDO QUANTITATIVE STRATEGIES LP 0.31% of their portfolio FORT LAUDERDALE, FL 216,348216.3k $2.4m $2.4m 0.31% Reduced -155.8k -155,761
77 QRG CAPITAL MANAGEMENT, INC. 0.04% of their portfolio BERWYN, PA 210,740210.7k $2.3m $2.3m 0.04% First filing
78 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 210,579210.6k $2.3m $2.3m 0.01% Added +33.8k +33,793
79 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 203,071203.1k $2.2m $2.2m 0.00% Reduced -9.6k -9,563
80 PRUDENTIAL PLC 0.03% of their portfolio LONDON, X0 200,998201.0k $2.2m $2.2m 0.03% Added +3.3k +3,306
81 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 199,619199.6k $2.1m $2.1m 0.00% Added +41.8k +41,769
82 GROUP ONE TRADING LLC 0.09% of their portfolio CHICAGO, IL 196,733196.7k $2.2m $2.2m 0.09% Added +185.2k +185,160
83 HPC Germany GmbH & Co. KG 8.64% of their portfolio POTSDAM, 2M 186,815186.8k $2.1m $2.1m 8.64% Unchanged
84 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 185,198185.2k $2.0m $2.0m 0.00% Reduced -41.8k -41,812
85 Legal & General Group Plc 0.00% of their portfolio London, X0 174,340174.3k $1.9m $1.9m 0.00% Added +4.0k +3,955
86 Quinn Opportunity Partners LLC 0.25% of their portfolio CHARLOTTESVILLE, VA 173,326173.3k $1.9m $1.9m 0.25% Unchanged
87 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 166,565166.6k $1.8m $1.8m 0.01% Added +62.4k +62,424
88 Baader Bank Aktiengesellschaft 0.15% of their portfolio Unterschleissheim, 2M 156,000156.0k $1.6m $1.6m 0.15% New
89 Parallax Volatility Advisers, L.P. 0.06% of their portfolio San Francisco, CA 155,985156.0k $1.7m $1.7m 0.06% Added +9.2k +9,174
90 Achmea Investment Management B.V. 0.04% of their portfolio ZEIST, P7 154,573154.6k $1.7m $1.7m 0.04% Reduced -3.8k -3,793
91 Ensign Peak Advisors, Inc 0.00% of their portfolio SALT LAKE CITY, UT 127,800127.8k $1.4m $1.4m 0.00% Unchanged
92 AMERICAN FINANCIAL GROUP INC 0.48% of their portfolio CINCINNATI, OH 127,799127.8k $1.4m $1.4m 0.48% Unchanged
93 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 122,917122.9k $1.4m $1.4m 0.02% Reduced -2.3k -2,329
94 Campbell & CO Investment Adviser LLC 0.16% of their portfolio BALTIMORE, MD 121,295121.3k $1.3m $1.3m 0.16% New
95 Quantinno Capital Management LP 0.06% of their portfolio NEW YORK, NY 120,514120.5k $1.3m $1.3m 0.06% Added +66.0k +65,988
96 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 118,844118.8k $1.3m $1.3m 0.00% Added +12.0k +11,984
97 Crossmark Global Holdings, Inc. 0.03% of their portfolio HOUSTON, TX 118,650118.7k $1.3m $1.3m 0.03% Added +290 +290
98 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 118,483118.5k $1.3m $1.3m 0.00% Reduced -335 -335
99 Mariner, LLC 0.00% of their portfolio Overland Park, KS 116,849116.8k $1.3m $1.3m 0.00% Added +1.4k +1,447
100 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 110,884110.9k $1.2m $1.2m 0.01% Unchanged