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 ($20.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $33.78. Options: 18 managers hold calls ($2.0bn notional), 23 hold puts ($1.3bn).
Trends to Q2 2026
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 |
| Q1 2024 | 270 |
| Q2 2024 | 295 |
| Q3 2024 | 299 |
| Q4 2024 | 318 |
| Q1 2025 | 355 |
| Q2 2025 | 421 |
| Q3 2025 | 433 |
| Q4 2025 | 494 |
| Q1 2026 | 477 |
| Q2 2026 | 505 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 144 | 124 |
| Q4 2024 | 166 | 100 |
| Q1 2025 | 205 | 118 |
| Q2 2025 | 259 | 132 |
| Q3 2025 | 241 | 199 |
| Q4 2025 | 262 | 170 |
| Q1 2026 | 211 | 261 |
| Q2 2026 | 251 | 216 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $780.6m | $1.6bn | 2.00 |
| Q4 2025 | $313.6m | $870.7m | 2.78 |
| Q1 2026 | $361.8m | $1.2bn | 3.33 |
| Q2 2026 | $2.0bn | $1.3bn | 0.62 |
Biggest buyers
| Bank of New York Mellon Corp | Added | +7.9m |
| DEUTSCHE BANK AG\ | Added | +6.9m |
| GOLDMAN SACHS GROUP INC | Added | +6.6m |
| DIMENSIONAL FUND ADVISORS LP | New | +6.2m |
| Liontrust Investment Partners LLP | New | +6.1m |
| ROYAL BANK OF CANADA | Added | +4.9m |
| CITIGROUP INC | Added | +4.5m |
| CAUSEWAY CAPITAL MANAGEMENT LLC | Added | +4.4m |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Added | +3.9m |
| Banco Santander, S.A. | Added | +3.5m |
Biggest sellers
| Capital International Investors | Reduced | -23.3m |
| COMMERZBANK AKTIENGESELLSCHAFT /FI | Reduced | -3.7m |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -3.3m |
| JPMORGAN CHASE & CO | Reduced | -3.1m |
| UBS Group AG | Reduced | -2.8m |
| Capital World Investors | Reduced | -1.8m |
| Amundi | Reduced | -1.7m |
| MORGAN STANLEY | Reduced | -1.2m |
| Legal & General Group Plc | Reduced | -1.1m |
| Point72 Asset Management, L.P. | Reduced | -1.1m |
Biggest calls
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | New | $1.4bn41.1m shares |
| SIH Partners, LLLP | Added | $370.9m11.0m shares |
| HSBC HOLDINGS PLC | Reduced | $82.0m2.4m shares |
| UBS Group AG | Reduced | $71.8m2.1m shares |
| CITIGROUP INC | Added | $32.2m950.0k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $23.0m681.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $15.5m460.5k shares |
| Vontobel Holding Ltd. | New | $11.3m333.5k shares |
| CITADEL ADVISORS LLC | Added | $7.2m212.0k shares |
| JANE STREET GROUP, LLC | Added | $5.5m162.0k shares |
Biggest puts
| SIH Partners, LLLP | Reduced | $473.5m14.0m shares |
| JPMORGAN CHASE & CO | Added | $205.2m6.1m shares |
| UBS Group AG | Added | $179.3m5.3m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $132.0m3.9m shares |
| CITIGROUP INC | Added | $62.0m1.8m shares |
| HSBC HOLDINGS PLC | Reduced | $56.3m1.7m shares |
| Optiver Holding B.V. | Added | $34.3m1.0m shares |
| Qube Research & Technologies Ltd | Reduced | $28.6m846.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $24.7m730.9k shares |
| Groupe la Francaise | Unchanged | $12.7m375.0k 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 since 1 Apr 2026
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 since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| DEUTSCHE BANK AG\ 0.75% of their portfolio | 76.7m $2.6bn | Added +6.9m |
| Amundi 0.47% of their portfolio | 58.4m $2.0bn | Reduced -1.7m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 54.0m $1.8bn | Reduced -449.7k |
| Fisher Asset Management, LLC 0.30% of their portfolio | 29.7m $1.0bn | Added +1.3m |
| CAUSEWAY CAPITAL MANAGEMENT LLC 10.77% of their portfolio | 29.4m $994.2m | Added +4.4m |
| UBS Group AG 0.16% of their portfolio | 29.0m $979.0m | Reduced -2.8m |
| GOLDMAN SACHS GROUP INC 0.10% of their portfolio | 28.4m $957.7m | Added +6.6m |
| CITIGROUP INC 0.41% of their portfolio | 25.8m $874.4m | Added +4.5m |
| Capital World Investors 0.09% of their portfolio | 23.5m $795.1m | Reduced -1.8m |
| NORGES BANK 0.08% of their portfolio | 23.0m $778.2m | Not comparable |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 22.9m $771.7m | Added +1.4m |
| DekaBank Deutsche Girozentrale 1.16% of their portfolio | 19.6m $685.0m | Added +900.4k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.58% of their portfolio | 17.2m $581.8m | Added +3.9m |
| AQR CAPITAL MANAGEMENT LLC 0.19% of their portfolio | 16.2m $547.9m | Added +2.6m |
| VANGUARD FIDUCIARY TRUST CO 0.11% of their portfolio | 15.2m $515.9m | Reduced -168.2k |
| Legal & General Group Plc 0.09% of their portfolio | 13.4m $454.5m | Reduced -1.1m |
| ENTRUST GLOBAL PARTNERS L L C 79.20% of their portfolio | 12.0m $407.2m | Reduced -111.7k |
| Bank of New York Mellon Corp 0.06% of their portfolio | 10.9m $368.5m | Added +7.9m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.28% of their portfolio | 10.4m $353.1m | Added +1.0m |
| FMR LLC 0.01% of their portfolio | 9.5m $320.6m | Added +3.1m |
| VANGUARD ASSET MANAGEMENT, Ltd 0.21% of their portfolio | 9.0m $304.9m | Added +305.2k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 8.7m $292.6m | Reduced -3.1m |
| FRANKLIN RESOURCES INC 0.06% of their portfolio | 8.4m $284.4m | Reduced -716.1k |
| TWO SIGMA INVESTMENTS, LP 0.19% of their portfolio | 7.5m $252.6m | Added +2.9m |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 7.2m $241.8m | Added +4.9m |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 6.2m $209.1m | New |
| Liontrust Investment Partners LLP 3.02% of their portfolio | 6.1m $205.4m | New |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.40% of their portfolio | 5.3m $179.1m | Added +1.2m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.10% of their portfolio | 5.1m $173.2m | Added +1.7m |
| MORGAN STANLEY 0.01% of their portfolio | 4.5m $151.3m | Reduced -1.2m |
| Allianz Asset Management GmbH 0.13% of their portfolio | 4.1m $121.6m | Reduced -15.5k |
| Banco Santander, S.A. 0.85% of their portfolio | 4.1m $137.1m | Added +3.5m |
| Caisse de depot et placement du Quebec 0.20% of their portfolio | 4.1m $137.5m | Reduced -376.4k |
| Russell Investments Group, Ltd. 0.11% of their portfolio | 3.6m $122.4m | Added +219.1k |
| Nuveen, LLC 0.03% of their portfolio | 3.3m $110.3m | Reduced -86.2k |
| Invesco Ltd. 0.01% of their portfolio | 3.2m $108.2m | Reduced -1.0m |
| Munich Reinsurance Co Stock Corp in Munich 2.27% of their portfolio | 3.1m $103.8m | Added +1.7m |
| NIPPON LIFE INSURANCE CO 1.62% of their portfolio | 2.9m $98.0m | Unchanged |
| VIKING GLOBAL INVESTORS LP 0.24% of their portfolio | 2.5m $85.0m | New |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.4m $80.7m | Added +67.3k |
| LAZARD ASSET MANAGEMENT LLC 0.12% of their portfolio | 2.4m $80.5m | Added +229.8k |
| CREDIT AGRICOLE S A 0.20% of their portfolio | 2.4m $79.7m | Added +1.8m |
| Public Sector Pension Investment Board 0.21% of their portfolio | 2.3m $78.8m | Added +871.0k |
| BlackRock, Inc. 0.00% of their portfolio | 2.1m $71.6m | Reduced -3.7k |
| AVIVA PLC 0.10% of their portfolio | 2.1m $70.8m | Added +11.8k |
| ACADIAN ASSET MANAGEMENT LLC 0.08% of their portfolio | 2.0m $66.9m | Reduced -3.3m |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 1.9m $63.9m | Added +761.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio | 1.8m $59.9m | Reduced -236.0k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.11% of their portfolio | 1.7m $58.9m | Added +94.3k |
| Pictet Asset Management Holding SA 0.06% of their portfolio | 1.7m $58.6m | Reduced -478.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 1.6m $55.7m | Added +193.2k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 1.6m $53.9m | Reduced -139.3k |
| INTECH INVESTMENT MANAGEMENT LLC 0.50% of their portfolio | 1.6m $54.1m | Reduced -270.9k |
| SIH Partners, LLLP 2.12% of their portfolio | 1.5m $50.8m | Reduced -180.5k |
| Artemis Investment Management LLP 0.44% of their portfolio | 1.5m $49.4m | New |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 1.4m $48.4m | Added +154.0k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.59% of their portfolio | 1.3m $44.5m | Added +13.7k |
| SEB Asset Management AB 0.16% of their portfolio | 1.3m $43.1m | Reduced -557.2k |
| Vanguard Global Advisers, LLC 0.02% of their portfolio | 1.2m $41.1m | Added +226.1k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 1.1m $37.7m | Added +131.6k |
| Korea Investment CORP 0.07% of their portfolio | 1.1m $37.7m | Added +144.2k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.10% of their portfolio | 1.0m $34.6m | Added +4.4k |
| Zurich Insurance Group Ltd/FI 0.24% of their portfolio | 1.0m $34.2m | Added +938.2k |
| COMMERZBANK AKTIENGESELLSCHAFT /FI 0.68% of their portfolio | 1.0m $34.0m | Reduced -3.7m |
| CAPITAL INTERNATIONAL SARL 0.44% of their portfolio | 924.0k $31.3m | Reduced -408.4k |
| Vanguard Investments Australia, Ltd. 0.08% of their portfolio | 919.6k $31.1m | Added +13.9k |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 846.2k $25.1m | Added +145.4k |
| FEDERATED HERMES, INC. 0.04% of their portfolio | 837.2k $28.3m | Added +160.9k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 830.7k $28.1m | Reduced -902.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 794.0k $26.8m | Reduced -943.6k |
| TD Asset Management Inc 0.02% of their portfolio | 756.8k $25.6m | Added +26.7k |
| Quantinno Capital Management LP 0.03% of their portfolio | 756.0k $25.5m | Added +158.8k |
| Jupiter Topco LLC 0.01% of their portfolio | 713.5k $24.2m | First filing |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 701.3k $23.7m | Reduced -295.7k |
| Lansforsakringar Fondforvaltning AB (publ) 0.10% of their portfolio | 684.3k $23.2m | Reduced -76.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.05% of their portfolio | 676.0k $22.9m | Added +7.8k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 675.5k $22.8m | Reduced -212.2k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 667.5k $22.6m | Added +330.9k |
| Capital International, Inc./CA/ 0.15% of their portfolio | 640.9k $21.7m | Reduced -1.0m |
| Groupe la Francaise 0.26% of their portfolio | 633.1k $21.4m | Added +64.0k |
| Compagnie Lombard Odier SCmA 0.23% of their portfolio | 629.3k $21.3m | Added +44.0k |
| ASR Vermogensbeheer N.V. 0.21% of their portfolio | 596.3k $20.2m | Added +11.7k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.20% of their portfolio | 594.4k $20.1m | Reduced -21.4k |
| Exane Asset Management 6.92% of their portfolio | 565.1k $19.1m | New |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.08% of their portfolio | 519.2k $17.5m | Added +34.5k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 515.2k $15.3m | Reduced -149.1k |
| CAPITAL INTERNATIONAL LTD /CA/ 0.55% of their portfolio | 497.0k $16.8m | Reduced -188.3k |
| Rokos Capital Management LLP 0.20% of their portfolio | 473.7k $16.0m | Added +345.1k |
| Martin Investment Management, LLC 5.20% of their portfolio | 461.3k $15.6m | Reduced -14.5k |
| Foresight Global Investors, Inc. 8.97% of their portfolio | 438.2k $14.8m | New |
| Vontobel Holding Ltd. 0.05% of their portfolio | 426.3k $14.4m | Reduced -264.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 415.0k $14.0m | Added +120.5k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.05% of their portfolio | 409.8k $13.9m | Reduced -621.4k |
| DJE Kapital AG 0.26% of their portfolio | 402.3k $13.6m | New |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 398.9k $13.5m | Reduced -604.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 395.8k $13.4m | Reduced -235.1k |
| Westend Capital Management, LLC 2.85% of their portfolio | 369.1k $12.5m | Reduced -1.9k |
| Creative Planning 0.01% of their portfolio | 363.7k $12.3m | Added +68.0k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 355.1k $356.0k | New |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 343.6k $11.6m | Reduced -20.3k |