Vault-13

DEUTSCHE BANK A G DB

NAMEN AKT · Common Stock · CUSIP D18190898

270 institutional holders -1 vs Q4 2023
592,323,080592.3m shares reported held*
29.7% of all shares outstanding*
$9.3bnreported value*
28 new 105 added 77 reduced 30 sold out net bought ≈ $55.0m (+3.5m 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 ≈ $15.74. Options: 21 managers hold calls ($288.9m notional), 24 hold puts ($650.7m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 226Q4 22: 227Q1 23: 248Q2 23: 250Q3 23: 248Q4 23: 271Q1 24: 270270Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022226
Q4 2022227
Q1 2023248
Q2 2023250
Q3 2023248
Q4 2023271
Q1 2024270

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 23Q4 23: 150 bought or addedQ4 23: 81 cut or sold outQ4 23Q1 24: 133 bought or addedQ1 24: 107 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022109100
Q1 202313095
Q2 2023116115
Q3 2023109112
Q4 202315081
Q1 2024133107

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ2 23 calls: $366.7mQ2 23 puts: $443.3mQ2 23P/C 1.21Q3 23 calls: $274.1mQ3 23 puts: $492.0mQ3 23P/C 1.80Q4 23 calls: $185.9mQ4 23 puts: $664.5mQ4 23P/C 3.57Q1 24 calls: $288.9mQ1 24 puts: $650.7mQ1 24P/C 2.25
Numbers
QuarterCallsPutsP/C
Q2 2023$366.7m$443.3m1.21
Q3 2023$274.1m$492.0m1.80
Q4 2023$185.9m$664.5m3.57
Q1 2024$288.9m$650.7m2.25

Biggest buyers

Capital International Investors Added +30,173,405+30.2m
UBS Group AG Added +23,195,896+23.2m
ACADIAN ASSET MANAGEMENT LLC Added +7,237,525+7.2m
NORGES BANK Added +6,406,218+6.4m
Capital International, Inc./CA/ Added +5,937,749+5.9m
JPMORGAN CHASE & CO Added +5,916,083+5.9m
MORGAN STANLEY Added +2,852,505+2.9m
VANGUARD GROUP INC Added +2,369,026+2.4m
WELLINGTON MANAGEMENT GROUP LLP Added +1,973,138+2.0m
GOLDMAN SACHS GROUP INC Added +1,971,732+2.0m

Biggest sellers

Hudson Executive Capital LP Reduced -42,574,605-42.6m
DEUTSCHE BANK AG\ Reduced -19,683,375-19.7m
Amundi Reduced -10,553,005-10.6m
CITIGROUP INC Reduced -4,646,276-4.6m
Cerberus Capital Management, L.P. Reduced -4,000,000-4.0m
TWO SIGMA ADVISERS, LP Sold out -2,949,623-2.9m
AXA S.A. Reduced -2,930,197-2.9m
TWO SIGMA INVESTMENTS, LP Sold out -1,725,926-1.7m
HSBC HOLDINGS PLC Reduced -1,637,131-1.6m
MARSHALL WACE, LLP Reduced -1,166,787-1.2m

Biggest calls

UBS Group AG Added $87.1m5.5m shares
HSBC HOLDINGS PLC Reduced $76.5m4.9m shares
GOLDMAN SACHS GROUP INC Added $36.3m2.3m shares
CITIGROUP INC Added $17.6m1.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $16.3m1.0m shares
MASTERS CAPITAL MANAGEMENT LLC Unchanged $15.8m1.0m shares
MILLENNIUM MANAGEMENT LLC Added $10.9m750.7k shares
CITADEL ADVISORS LLC Added $7.4m469.8k shares
BANK OF AMERICA CORP /DE/ Unchanged $6.3m400.0k shares
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main New $5.4m340.0k shares

Biggest puts

UBS Group AG Reduced $188.2m11.9m shares
GOLDMAN SACHS GROUP INC Added $164.3m10.4m shares
BANK OF AMERICA CORP /DE/ Added $73.7m4.7m shares
MILLENNIUM MANAGEMENT LLC Added $44.7m3.1m shares
HSBC HOLDINGS PLC Added $43.9m2.8m shares
Optiver Holding B.V. Added $32.4m2.1m shares
JPMORGAN CHASE & CO Reduced $22.1m1.4m shares
GROUP ONE TRADING LLC Reduced $17.4m1.1m shares
CITIGROUP INC Reduced $15.7m997.4k shares
PEAK6 Investments LLC Added $14.3m904.0k 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 Q1 2024

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 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 79,928,26179.9m $1.3bn $1.3bn 0.02% Added +2.4m +2,369,026
2 DEUTSCHE BANK AG\ 0.42% of their portfolio FRANKFURT AM MAIN, 2M 56,785,72256.8m $895.5m $895.5m 0.42% Reduced -19.7m -19,683,375
3 Capital International Investors 0.15% of their portfolio Los Angeles, CA 48,638,66248.6m $765.2m $765.2m 0.15% Added +30.2m +30,173,405
4 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.65% of their portfolio BOSTON, MA 44,300,75144.3m $697.6m $697.6m 0.65% Added +1.8m +1,765,633
5 Amundi 0.22% of their portfolio Paris, I0 32,952,15633.0m $520.6m $520.6m 0.22% Reduced -10.6m -10,553,005
6 NORGES BANK 0.08% of their portfolio OSLO, Q8 30,293,90430.3m $477.0m $477.0m 0.08% Added +6.4m +6,406,218
7 GOLDMAN SACHS GROUP INC 0.10% of their portfolio NEW YORK, NY 29,302,70529.3m $462.1m $462.1m 0.10% Added +2.0m +1,971,732
8 UBS Group AG 0.14% of their portfolio ZURICH, V8 26,368,15226.4m $415.8m $415.8m 0.14% Added +23.2m +23,195,896
9 Hudson Executive Capital LP 74.35% of their portfolio NEW YORK, NY 18,841,31518.8m $293.7m $293.7m 74.35% Reduced -42.6m -42,574,605
10 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 17,276,85217.3m $272.5m $272.5m 0.03% Added +2.0m +1,951,282
11 DekaBank Deutsche Girozentrale 0.50% of their portfolio FRANKFURT, 2M 16,873,24316.9m $266.8m $266.8m 0.50% Added +962.8k +962,806
12 ACADIAN ASSET MANAGEMENT LLC 0.88% of their portfolio Boston, MA 16,069,95516.1m $253.0m $253.0m 0.88% Added +7.2m +7,237,525
13 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 15,605,39815.6m $246.1m $246.1m 0.01% Added +5.9m +5,916,083
14 Cerberus Capital Management, L.P. 5.95% of their portfolio NEW YORK, NY 15,526,25015.5m $244.3m $244.3m 5.95% Reduced -4.0m -4,000,000
15 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.25% of their portfolio FRANKFURT AM MAIN, 2M 13,857,79513.9m $218.2m $218.2m 0.25% Added +298.5k +298,507
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 10,569,15910.6m $166.7m $166.7m 0.00% Added +2.9m +2,852,505
17 CITIGROUP INC 0.13% of their portfolio NEW YORK, NY 7,636,0967.6m $120.1m $120.1m 0.13% Reduced -4.6m -4,646,276
18 COMMERZBANK AKTIENGESELLSCHAFT /FI 3.94% of their portfolio FRANKFURT, 2M 7,521,7767.5m $118.6m $118.6m 3.94% Added +27.1k +27,106
19 Capital International, Inc./CA/ 1.57% of their portfolio Los Angeles, CA 7,371,6017.4m $116.0m $116.0m 1.57% Added +5.9m +5,937,749
20 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 5,350,1455.4m $84.2m $84.2m 0.03% Reduced -649.3k -649,284
21 Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio CHIYODA-KU, TOKYO, M0 4,731,5984.7m $74.3m $74.3m 0.05% Reduced -15.5k -15,539
22 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 4,521,9474.5m $71.3m $71.3m 0.02% Added +614.0k +614,046
23 Liontrust Investment Partners LLP 0.91% of their portfolio LONDON, X0 4,456,7474.5m $65.0m $65.0m 0.91% Added +1.1m +1,137,995
24 CREDIT SUISSE AG/ 0.06% of their portfolio ZURICH, V8 4,200,0444.2m $66.2m $66.2m 0.06% Reduced -625.7k -625,732
25 CANADA PENSION PLAN INVESTMENT BOARD 0.07% of their portfolio TORONTO ONTARIO, A6 4,089,5324.1m $64.4m $64.4m 0.07% Added +524.2k +524,175
26 Russell Investments Group, Ltd. 0.09% of their portfolio Seattle, WA 3,444,5623.4m $54.3m $54.3m 0.09% Reduced -335.3k -335,313
27 Allianz Asset Management GmbH 0.09% of their portfolio MUNICH, 2M 3,339,8613.3m $52.5m $52.5m 0.09% Reduced -112.8k -112,793
28 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 3,258,9333.3m $51.4m $51.4m 0.01% Reduced -442.9k -442,918
29 Banco Santander, S.A. 0.55% of their portfolio Madrid, U3 2,915,3072.9m $46.0m $46.0m 0.55% Reduced -314.8k -314,808
30 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 2,885,6692.9m $45.4m $45.4m 0.01% Added +8.2k +8,170
31 AVIVA PLC 0.14% of their portfolio LONDON, X0 2,653,6122.7m $41.8m $41.8m 0.14% Added +38.0k +37,993
32 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 2,536,5252.5m $39.9m $39.9m 0.01% Added +2.0m +1,973,138
33 THIRD AVENUE MANAGEMENT LLC 6.25% of their portfolio NEW YORK, NY 2,486,2802.5m $39.2m $39.2m 6.25% Reduced -289 -289
34 MARSHALL WACE, LLP 0.06% of their portfolio LONDON, X0 2,357,1092.4m $37.1m $37.1m 0.06% Reduced -1.2m -1,166,787
35 Mitsubishi UFJ Trust & Banking Corp 0.07% of their portfolio TOKYO, M0 1,855,9461.9m $29.3m $29.3m 0.07% Added +95.2k +95,202
36 Zurcher Kantonalbank (Zurich Cantonalbank) 0.10% of their portfolio ZURICH, V8 1,835,5991.8m $28.9m $28.9m 0.10% Added +193.8k +193,840
37 CREDIT AGRICOLE S A 0.44% of their portfolio Montrouge Cedex, I0 1,649,0141.6m $26.1m $26.1m 0.44% Added +724.4k +724,429
38 MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 0.92% of their portfolio Munich, 2M 1,620,4021.6m $25.5m $25.5m 0.92% Added +152.5k +152,498
39 FMR LLC 0.00% of their portfolio BOSTON, MA 1,459,5381.5m $23.0m $23.0m 0.00% Added +40.4k +40,391
40 BlackRock Inc. 0.00% of their portfolio New York, NY 1,360,3941.4m $21.5m $21.5m 0.00% Added +52.7k +52,651
41 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 1,335,5401.3m $21.1m $21.1m 0.03% Added +12.3k +12,313
42 Marex Group Ltd 0.66% of their portfolio London, X0 1,284,6871.3m $20.3m $20.3m 0.66% Reduced -15.3k -15,301
43 Vontobel Holding Ltd. 0.16% of their portfolio ZURICH, V8 1,264,0481.3m $19.9m $19.9m 0.16% Added +27.2k +27,247
44 Pictet Asset Management Holding SA 0.02% of their portfolio CAROUGE, V8 1,117,8681.1m $17.6m $17.6m 0.02% Reduced -259.0k -259,033
45 Public Sector Pension Investment Board 0.12% of their portfolio MONTREAL, A8 1,031,4361.0m $16.2m $16.2m 0.12% Added +78.8k +78,761
46 TORONTO DOMINION BANK 0.02% of their portfolio TORONTO, ONTARIO, A6 1,003,2521.0m $15.8m $15.8m 0.02% Reduced -236.3k -236,267
47 MASTERS CAPITAL MANAGEMENT LLC 2.97% of their portfolio ATLANTA, GA 1,000,0001.0m $15.8m $15.8m 2.97% Reduced -1.0m -1,000,000
48 Grantham, Mayo, Van Otterloo & Co. LLC 0.06% of their portfolio Boston, MA 989,050989.0k $15.6m $15.6m 0.06% New
49 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 948,021948.0k $15.0m $15.0m 0.00% Added +3.3k +3,332
50 AXA S.A. 0.04% of their portfolio PARIS, I0 909,059909.1k $14.3m $14.3m 0.04% Reduced -2.9m -2,930,197
51 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 873,892873.9k $13.9m $13.9m 0.00% Reduced -146.0k -145,963
52 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 832,007832.0k $13.1m $13.1m 0.01% Added +46.4k +46,431
53 JUPITER ASSET MANAGEMENT LTD 0.12% of their portfolio London, X0 816,911816.9k $12.9m $12.9m 0.12% Added +471.0k +470,987
54 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.13% of their portfolio New York, NY 774,076774.1k $12.2m $12.2m 0.13% Unchanged
55 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 771,321771.3k $12.2m $12.2m 0.01% Added +45.0k +44,999
56 Susquehanna International Securities, Ltd. 4.33% of their portfolio DUBLIN, L2 687,124687.1k $10.8m $10.8m 4.33% Added +644.8k +644,751
57 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 648,715648.7k $10.2m $10.2m 0.02% Reduced -12.8k -12,832
58 CAPITAL INTERNATIONAL SARL 0.33% of their portfolio Los Angeles, CA 635,625635.6k $10.0m $10.0m 0.33% Added +382.5k +382,457
59 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 609,247609.2k $9.6m $9.6m 0.01% Reduced -1.6m -1,637,131
60 CAPITAL INTERNATIONAL LTD /CA/ 0.42% of their portfolio LOS ANGELES, CA 563,377563.4k $8.9m $8.9m 0.42% Added +344.3k +344,255
61 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 529,400529.4k $8.3m $8.3m 0.01% Added +114.6k +114,648
62 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 504,903504.9k $7.9m $7.9m 0.01% Reduced -11.3k -11,318
63 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 445,488445.5k $7.0m $7.0m 0.01% Added +197.5k +197,517
64 Capital Group Private Client Services, Inc. 0.07% of their portfolio Los Angeles, CA 434,814434.8k $6.8m $6.8m 0.07% New
65 Trexquant Investment LP 0.13% of their portfolio STAMFORD, CT 400,371400.4k $6.3m $6.3m 0.13% Added +278.4k +278,416
66 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 384,564384.6k $6.1m $6.1m 0.00% Reduced -167.1k -167,075
67 Private Advisory Group LLC 0.85% of their portfolio REDMOND, WA 376,953377.0k $5.9m $5.9m 0.85% Reduced -1.5k -1,548
68 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 375,343375.3k $5.9m $5.9m 0.01% Reduced -303.8k -303,849
69 Mediolanum International Funds Ltd 0.09% of their portfolio DUBLIN 1, L2 372,495372.5k $5.4m $5.4m 0.09% First filing
70 OCCUDO QUANTITATIVE STRATEGIES LP 1.01% of their portfolio FORT LAUDERDALE, FL 367,694367.7k $5.8m $5.8m 1.01% Added +148.1k +148,130
71 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.06% of their portfolio Stamford, CT 360,767360.8k $5.7m $5.7m 0.06% Added +47.9k +47,854
72 Korea Investment CORP 0.01% of their portfolio SEOUL, M5 346,190346.2k $5.5m $5.5m 0.01% Added +34.9k +34,922
73 MACKENZIE FINANCIAL CORP 0.01% of their portfolio TORONTO ONTARIO, A6 337,492337.5k $5.3m $5.3m 0.01% Reduced -47.2k -47,215
74 ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio UNITED KINGDOM, X0 323,763323.8k $5.1m $5.1m 0.01% Unchanged
75 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 322,691322.7k $5.1m $5.1m 0.00% Reduced -1.4k -1,359
76 LGT Group Foundation 0.12% of their portfolio VADUZ, N2 313,115313.1k $4.9m $4.9m 0.12% Reduced -95.6k -95,614
77 QRG CAPITAL MANAGEMENT, INC. 0.06% of their portfolio BERWYN, PA 297,594297.6k $4.7m $4.7m 0.06% Added +57.5k +57,455
78 USS Investment Management Ltd 0.04% of their portfolio London, X0 284,038284.0k $4.5m $4.5m 0.04% Added +9.2k +9,208
79 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 254,215254.2k $4.0m $4.0m 0.00% Added +52.9k +52,896
80 Squarepoint Ops LLC 0.02% of their portfolio NEW YORK, NY 250,000250.0k $3.9m $3.9m 0.02% New
81 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 245,489245.5k $3.9m $3.9m 0.01% Added +6.5k +6,523
82 Legal & General Group Plc 0.00% of their portfolio London, X0 241,180241.2k $3.8m $3.8m 0.00% Reduced -32.3k -32,346
83 Utah Retirement Systems 0.04% of their portfolio SALT LAKE CITY, UT 240,793240.8k $3.8m $3.8m 0.04% Added +5.7k +5,700
84 SIMPLEX TRADING, LLC 0.11% of their portfolio CHICAGO, IL 229,936229.9k $3.6m $3.6m 0.11% Added +188.7k +188,664
85 1832 Asset Management L.P. 0.01% of their portfolio TORONTO, A6 201,866201.9k $3.2m $3.2m 0.01% Reduced -5.9k -5,869
86 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 200,473200.5k $3.2m $3.2m 0.01% Added +11.0k +11,040
87 Quantinno Capital Management LP 0.07% of their portfolio NEW YORK, NY 198,212198.2k $3.1m $3.1m 0.07% Added +16.6k +16,619
88 Vident Advisory, LLC 0.06% of their portfolio Alpharetta, GA 185,352185.4k $2.9m $2.9m 0.06% Added +150.0k +150,035
89 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 175,730175.7k $2.8m $2.8m 0.00% Added +113.3k +113,302
90 PRUDENTIAL PLC 0.02% of their portfolio LONDON, X0 157,624157.6k $2.5m $2.5m 0.02% Reduced -47.9k -47,922
91 GROUP ONE TRADING LLC 0.09% of their portfolio CHICAGO, IL 157,577157.6k $2.5m $2.5m 0.09% Reduced -40.1k -40,086
92 Baader Bank Aktiengesellschaft 0.20% of their portfolio Unterschleissheim, 2M 156,000156.0k $2.4m $2.4m 0.20% Unchanged
93 Y-Intercept (Hong Kong) Ltd 0.17% of their portfolio HONG KONG, K3 142,084142.1k $2.2m $2.2m 0.17% Added +57.5k +57,485
94 FORSTA AP-FONDEN 0.00% of their portfolio STOCKHOLM, V7 139,322139.3k $0 $0 0.00% Reduced -152.8k -152,773
95 PEAK6 Investments LLC 0.11% of their portfolio CHICAGO, IL 139,137139.1k $2.2m $2.2m 0.11% New
96 SEVEN EIGHT CAPITAL, LP 0.23% of their portfolio New York, NY 137,724137.7k $2.2m $2.2m 0.23% Added +77.5k +77,491
97 Mariner, LLC 0.00% of their portfolio Overland Park, KS 135,123135.1k $2.1m $2.1m 0.00% Added +9.3k +9,302
98 Employees Retirement System of Texas 0.02% of their portfolio AUSTIN, TX 134,737134.7k $2.1m $2.1m 0.02% Unchanged
99 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 133,322133.3k $2.1m $2.1m 0.00% Reduced -45.6k -45,581
100 RITHOLTZ WEALTH MANAGEMENT 0.07% of their portfolio NEW YORK, NY 128,560128.6k $2.0m $2.0m 0.07% Added +9.4k +9,382