1y return+18.0%S&P 500 +20.9%
3y return+58.0%S&P 500 +68.5%
5y return+55.8%S&P 500 +74.5%
10y return+191.6%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $292 against $357 in the S&P 500.2
Deutsche Bank Ag\S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $18.4B | 5.4% | +2.3% |
| AAPLApple Inc | $13.7B | 4.0% | +1.4% |
| MSFTMicrosoft Corp | $12.1B | 3.5% | |
| GOOGLAlphabet Inc | $10.9B | 3.2% | +4.0% |
| AMZNAmazon Com Inc | $8.4B | 2.4% | +9.2% |
| GOOGAlphabet Inc | $6.1B | 1.8% | +5.6% |
| AVGOBroadcom Inc | $5.7B | 1.6% | +1.3% |
| MUMicron Technology Inc | $5.5B | 1.6% | +2.7% |
| METAMeta Platforms Inc | $5.2B | 1.5% | +6.7% |
| AMDAdvanced Micro Devices Inc | $4.7B | 1.4% | −2.8% |
| LLYEli Lilly & Co | $4.1B | 1.2% | −4.7% |
| TSLATesla Inc | $4.0B | 1.2% | +18.2% |
| JNJJohnson & Johnson | $4.0B | 1.2% | +8.5% |
| INTCIntel Corp | $3.5B | 1.0% | −10.7% |
| Totalenergies SeCUSIP F92124100 | $3.4B | 1.0% | +1.5% |
| VVisa Inc | $3.1B | 0.9% | |
| AMATApplied Matls Inc | $2.9B | 0.8% | −38.4% |
| ABBVAbbvie Inc | $2.7B | 0.8% | +13.0% |
| Deutsche Bk AgCUSIP D18190898 | $2.6B | 0.8% | +9.8% |
| JPMJpmorgan Chase & Co | $2.6B | 0.8% | −4.8% |
| Astrazeneca PLCCUSIP G0593M107 | $2.4B | 0.7% | +4.2% |
| BACBank Of Amer Corp | $2.4B | 0.7% | −10.3% |
| WMTWalmart Inc | $2.1B | 0.6% | +54.0% |
| CSCOCisco Sys Inc | $2.0B | 0.6% | +1.4% |
| Linde PLCCUSIP G54950103 | $1.9B | 0.6% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $18.4B |
| Seagate Technology Hldngs PlCUSIP G7997R103 | June 30, 2022 | +1250.7% | $1.5B |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $5.7B |
| AMATApplied Matls Inc | June 30, 2020 | +1096.1% | $2.9B |
| AMDAdvanced Micro Devices Inc | June 30, 2020 | +1004.1% | $4.7B |
| PANWPalo Alto Networks Inc | June 30, 2020 | +790.9% | $1.5B |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $1.5B |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $4.1B |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $1.9B |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $10.9B |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $269.9M
- Hologic IncCUSIP 436440101 was $164.3M
- CTRACoterra Energy Inc was $156.1M
- Carnival CorpCUSIP 143658300 was $112.7M
- Dupont De Nemours IncCUSIP 26614N102 was $89.6M
- HYLBDbx Etf Tr was $46.5M
- Air Lease CorpCUSIP 00912X302 was $44.9M
- Thomson Reuters CorpCUSIP 884903808 was $35.1M
- Ascendis Pharma A/sCUSIP 04351P101 was $30.9M
- Csg Sys Intl IncCUSIP 126349109 was $28.4M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.8% | +14.8% |
| March 31, 2026 | −3.4% | −4.6% |
| December 31, 2025 | +2.2% | +2.4% |
| September 30, 2025 | +7.9% | +7.8% |
| June 30, 2025 | +9.3% | +10.5% |
| March 31, 2025 | −3.3% | −4.6% |
| December 31, 2024 | +0.8% | +2.1% |
| September 30, 2024 | +5.8% | +5.4% |
| June 30, 2024 | +2.4% | +4.0% |
| March 31, 2024 | +8.5% | +10.0% |
| December 31, 2023 | +10.6% | +11.2% |
| September 30, 2023 | −3.4% | −3.6% |
| June 30, 2023 | +5.6% | +8.3% |
| March 31, 2023 | +5.0% | +7.0% |
| December 31, 2022 | +7.9% | +7.1% |
| September 30, 2022 | −6.1% | −5.3% |
| June 30, 2022 | −15.4% | −16.5% |
| March 31, 2022 | −3.9% | −4.9% |
| December 31, 2021 | +8.8% | +10.7% |
| September 30, 2021 | −0.7% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Deutsche Bank Ag\ Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=948046&type=13F-HR&dateb=&owner=include&count=40CIK 948046
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/948046/000094804626000042/Filed August 7, 2026 · accession 0000948046-26-000042