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 ($2.2m 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 ≈ $13.61. Options: 18 managers hold calls ($185.9m notional), 27 hold puts ($664.5m).
Trends to Q4 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 |
| Q4 2023 | 271 |
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 |
| Q4 2023 | 150 | 81 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $405.9m | $592.9m | 1.46 |
| Q2 2023 | $366.7m | $443.3m | 1.21 |
| Q3 2023 | $274.1m | $492.0m | 1.80 |
| Q4 2023 | $185.9m | $664.5m | 3.57 |
Biggest buyers
| DEUTSCHE BANK AG\ | Added | +25.5m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +19.3m |
| Capital International Investors | New | +18.5m |
| ACADIAN ASSET MANAGEMENT LLC | Added | +7.7m |
| MORGAN STANLEY | Added | +3.7m |
| CITIGROUP INC | Added | +3.6m |
| Liontrust Investment Partners LLP | New | +3.3m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +3.2m |
| MARSHALL WACE, LLP | Added | +3.1m |
| Nuveen Asset Management, LLC | New | +2.9m |
Biggest sellers
| Hudson Executive Capital LP | Reduced | -6.0m |
| HSBC HOLDINGS PLC | Reduced | -3.8m |
| DekaBank Deutsche Girozentrale | Reduced | -3.0m |
| Optiver Holding B.V. | Reduced | -2.0m |
| NORGES BANK | Reduced | -1.8m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.8m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.5m |
| JANE STREET GROUP, LLC | Reduced | -1.3m |
| UBS Group AG | Reduced | -1.2m |
| CREDIT SUISSE AG/ | Reduced | -1.0m |
Biggest calls
| HSBC HOLDINGS PLC | Reduced | $78.9m5.8m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $29.1m2.1m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $21.1m1.6m shares |
| CITIGROUP INC | Reduced | $15.1m1.1m shares |
| MASTERS CAPITAL MANAGEMENT LLC | Reduced | $13.6m1.0m shares |
| MILLENNIUM MANAGEMENT LLC | New | $7.4m600.0k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $5.4m400.0k shares |
| CITADEL ADVISORS LLC | Reduced | $4.4m325.3k shares |
| UBS Group AG | Reduced | $2.7m200.0k shares |
| Eisler Capital (UK) Ltd. | Added | $2.1m157.0k shares |
Biggest puts
| UBS Group AG | Added | $209.6m15.5m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $123.4m9.1m shares |
| JPMORGAN CHASE & CO | Added | $79.7m5.9m shares |
| BANK OF AMERICA CORP /DE/ | Added | $56.6m4.2m shares |
| GROUP ONE TRADING LLC | Reduced | $35.8m2.6m shares |
| HSBC HOLDINGS PLC | Reduced | $30.2m2.2m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $27.2m2.2m shares |
| Optiver Holding B.V. | Reduced | $24.3m1.8m shares |
| CITIGROUP INC | Reduced | $19.1m1.4m shares |
| Eisler Capital (UK) Ltd. | Reduced | $9.6m706.0k 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 Q4 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 Q4 2023.
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 77.6m $1.1bn | Added +79.0k |
| DEUTSCHE BANK AG\ 0.53% of their portfolio | 76.5m $1.0bn | Added +25.5m |
| Hudson Executive Capital LP 87.29% of their portfolio | 61.4m $838.4m | Reduced -6.0m |
| Amundi 0.27% of their portfolio | 43.5m $600.8m | Added +2.5m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.61% of their portfolio | 42.5m $579.7m | Added +19.3m |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 27.3m $370.3m | Reduced -1.8m |
| NORGES BANK 0.06% of their portfolio | 23.9m $326.1m | Reduced -1.8m |
| Cerberus Capital Management, L.P. 5.87% of their portfolio | 19.5m $266.5m | Unchanged |
| Capital International Investors 0.06% of their portfolio | 18.5m $252.0m | New |
| DekaBank Deutsche Girozentrale 0.45% of their portfolio | 15.9m $216.9m | Reduced -3.0m |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 15.3m $207.7m | Reduced -1.5m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.25% of their portfolio | 13.6m $185.2m | Added +3.2m |
| CITIGROUP INC 0.22% of their portfolio | 12.3m $167.4m | Added +3.6m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 9.7m $131.3m | Reduced -451.2k |
| ACADIAN ASSET MANAGEMENT LLC 0.47% of their portfolio | 8.8m $120.6m | Added +7.7m |
| MORGAN STANLEY 0.00% of their portfolio | 7.7m $104.6m | Added +3.7m |
| COMMERZBANK AKTIENGESELLSCHAFT /FI 4.03% of their portfolio | 7.5m $101.6m | Reduced -339.5k |
| FRANKLIN RESOURCES INC 0.04% of their portfolio | 6.0m $81.9m | Added +648.7k |
| CREDIT SUISSE AG/ 0.06% of their portfolio | 4.8m $65.4m | Reduced -1.0m |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 4.7m $64.9m | Added +353.6k |
| Invesco Ltd. 0.01% of their portfolio | 3.9m $53.0m | Added +1.2m |
| AXA S.A. 0.08% of their portfolio | 3.8m $52.0m | Added +2.5m |
| Russell Investments Group, Ltd. 0.09% of their portfolio | 3.8m $51.6m | Added +230.3k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 3.7m $50.2m | Reduced -127.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.06% of their portfolio | 3.6m $48.7m | Added +35.3k |
| MARSHALL WACE, LLP 0.09% of their portfolio | 3.5m $48.1m | Added +3.1m |
| Allianz Asset Management GmbH 0.09% of their portfolio | 3.5m $47.2m | Reduced -164.2k |
| Liontrust Investment Partners LLP 0.66% of their portfolio | 3.3m $45.3m | New |
| Banco Santander, S.A. 0.52% of their portfolio | 3.2m $44.1m | Added +78.3k |
| UBS Group AG 0.02% of their portfolio | 3.2m $43.0m | Reduced -1.2m |
| TWO SIGMA ADVISERS, LP 0.09% of their portfolio | 2.9m $40.0m | Added +369.2k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 2.9m $39.3m | New |
| AVIVA PLC 0.13% of their portfolio | 2.6m $35.8m | Added +32.6k |
| THIRD AVENUE MANAGEMENT LLC 5.57% of their portfolio | 2.5m $34.0m | Added +1.2k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 2.2m $30.8m | Reduced -3.8m |
| MASTERS CAPITAL MANAGEMENT LLC 4.76% of their portfolio | 2.0m $27.1m | Added +15.0k |
| Mitsubishi UFJ Trust & Banking Corp 0.06% of their portfolio | 1.8m $23.8m | Added +56.0k |
| TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio | 1.7m $23.4m | Added +905.8k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.09% of their portfolio | 1.6m $22.4m | Reduced -187.4k |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 0.76% of their portfolio | 1.5m $20.0m | Reduced -254.9k |
| Capital International, Inc./CA/ 0.31% of their portfolio | 1.4m $19.6m | New |
| FMR LLC 0.00% of their portfolio | 1.4m $19.4m | Added +352.7k |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 1.4m $18.8m | Added +207.6k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 1.3m $17.9m | Reduced -1.3m |
| BlackRock Inc. 0.00% of their portfolio | 1.3m $17.7m | Added +117.4k |
| Marex Group Ltd 0.70% of their portfolio | 1.3m $17.7m | New |
| TORONTO DOMINION BANK 0.02% of their portfolio | 1.2m $16.8m | Reduced -673.3k |
| Vontobel Holding Ltd. 0.14% of their portfolio | 1.2m $16.9m | Reduced -247.7k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 1.0m $14.0m | Added +102.6k |
| Public Sector Pension Investment Board 0.10% of their portfolio | 952.7k $13.0m | Added +21.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 944.7k $12.8m | Added +23.6k |
| CREDIT AGRICOLE S A 0.26% of their portfolio | 924.6k $12.5m | Added +351.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 785.6k $10.7m | Reduced -81.7k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 774.1k $10.6m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 726.3k $9.8m | Added +49.4k |
| M&G INVESTMENT MANAGEMENT LTD 0.05% of their portfolio | 680.0k $9.0m | Added +53.6k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 679.2k $9.2m | Added +572.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 661.5k $9.0m | Added +227.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 563.4k $7.7m | Added +135.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 551.6k $7.5m | Added +160.5k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 516.2k $7.0m | Added +251.3k |
| TD Asset Management Inc 0.01% of their portfolio | 414.8k $5.7m | Added +5.4k |
| LGT Group Foundation 0.12% of their portfolio | 408.7k $5.5m | Added +8.4k |
| Andra AP-fonden 0.26% of their portfolio | 399.8k $4.9m | Reduced -253.7k |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 384.7k $5.2m | Added +62.4k |
| Private Advisory Group LLC 0.89% of their portfolio | 378.5k $5.1m | Reduced -3.4k |
| JUPITER ASSET MANAGEMENT LTD 0.05% of their portfolio | 345.9k $4.7m | Added +236.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 324.1k $4.4m | Added +14.8k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio | 323.8k $4.4m | Unchanged |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.06% of their portfolio | 312.9k $4.2m | Added +70.2k |
| Korea Investment CORP 0.01% of their portfolio | 311.3k $4.3m | Reduced -58.2k |
| CAPITAL FUND MANAGEMENT S.A. 0.05% of their portfolio | 294.2k $4.0m | Added +17.7k |
| Achmea Investment Management B.V. 0.08% of their portfolio | 293.8k $4.0m | Added +139.2k |
| FORSTA AP-FONDEN 0.00% of their portfolio | 292.1k $0 | Reduced -51.1k |
| USS Investment Management Ltd 0.03% of their portfolio | 274.8k $3.7m | Added +24.2k |
| Legal & General Group Plc 0.00% of their portfolio | 273.5k $3.7m | Added +99.2k |
| CAPITAL INTERNATIONAL SARL 0.13% of their portfolio | 253.2k $3.5m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 248.0k $3.4m | Added +129.5k |
| QRG CAPITAL MANAGEMENT, INC. 0.05% of their portfolio | 240.1k $3.3m | Added +29.4k |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 239.0k $3.2m | Added +28.4k |
| Utah Retirement Systems 0.04% of their portfolio | 235.1k $3.2m | Reduced -2.2k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.40% of their portfolio | 219.6k $3.0m | Added +3.2k |
| CAPITAL INTERNATIONAL LTD /CA/ 0.15% of their portfolio | 219.1k $3.0m | New |
| 1832 Asset Management L.P. 0.01% of their portfolio | 207.7k $2.8m | Reduced -47.0k |
| GTS SECURITIES LLC 0.06% of their portfolio | 207.0k $2.8m | New |
| PRUDENTIAL PLC 0.03% of their portfolio | 205.5k $2.8m | Added +4.5k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 201.3k $2.7m | Reduced -1.8k |
| GROUP ONE TRADING LLC 0.08% of their portfolio | 197.7k $2.7m | Added +930 |
| MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio | 189.4k $2.6m | Added +22.9k |
| HPC Germany GmbH & Co. KG 9.50% of their portfolio | 186.8k $2.5m | Unchanged |
| Quantinno Capital Management LP 0.09% of their portfolio | 181.6k $2.5m | Added +61.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 178.9k $2.4m | Reduced -6.3k |
| Optiver Holding B.V. 0.07% of their portfolio | 173.6k $2.4m | Reduced -2.0m |
| Parallax Volatility Advisers, L.P. 0.06% of their portfolio | 167.0k $2.3m | Added +11.0k |
| Baader Bank Aktiengesellschaft 0.18% of their portfolio | 156.0k $2.1m | Unchanged |
| Employees Retirement System of Texas 0.02% of their portfolio | 134.7k $1.8m | Added +97.8k |
| Quinn Opportunity Partners LLC 0.21% of their portfolio | 133.3k $1.8m | Reduced -40.0k |
| Jefferies Financial Group Inc. 0.03% of their portfolio | 130.9k $1.8m | Added +130.8k |
| Wealthspire Advisors, LLC 0.02% of their portfolio | 128.7k $1.7m | Added +45.8k |
| Crossmark Global Holdings, Inc. 0.04% of their portfolio | 128.2k $1.7m | Added +9.6k |