DEUTSCHE BANK AG
Q4 2023 Form 13-F
FRANKFURT AM MAIN, GERMANY
CIK 0000948046
· Institutional investment manager
Consolidated report · includes
18 managers
since Q2 2013
$196.0B Reported Value Total
Reported value
$196.0B
Quarter over quarter
+10.9%
Holdings
3,488
Top-10 concentration
23.2%
Reports holdings for
- BT ALEX BROWN INC · File #028-05033 · since Q2 2013
- RREEF AMERICA LLC · File #028-04760 · since Q2 2013
- DEUTSCHE BANK NATIONAL TRUST CO · File #028-11997 · since Q2 2013
- DWS Investment GmbH · File #028-10155 · since Q2 2013
- Deutsche Bank Trust Co Americas · File #028-13777 · since Q2 2013
- DWS INVESTMENT MANAGEMENT AMERICAS INC · File #028-10249 · since Q2 2013
- Deutsche Bank Suisse SA · File #028-11509 · since Q2 2014
- Deutsche Bank Trust CO Delaware · File #028-11998 · since Q2 2013
- Deutsche Bank Trust Company National Association · File #028-12000 · since Q2 2013
- DWS Investments UK Ltd · File #028-13988 · since Q2 2014
- DBX Advisors LLC · File #028-18169 · since Q3 2017
- Deutsche Oppenheim Family Office AG · File #028-19530 · since Q1 2019
- DB UK Bank Ltd · File #028-19293 · since Q4 2018
- DWS Investments Hong Kong Ltd · File #028-19303 · since Q1 2018 · declared by one filing
- DWS International GmbH · File #028-19304 · since Q1 2018
- DWS Investment S A · File #028-19307 · since Q1 2018
- Deutsche Bank S.p.A (not a 13F filer in our records) · File #028-20858 · since Q4 2020
- Deutsche Bank Luxembourg S.A. (not a 13F filer in our records) · File #028-21816 · since Q4 2021
- GuideStone Capital Management LLC · File #028-10998 · Q1 2024 – Q1 2026 · declared by one filing
- DWS CH AG · File #028-19301 · Q4 2018 – Q3 2023 · declared by one filing
- Quaystreet Asset Management Ltd (not a 13F filer in our records) · File #028-19625 · Q3 2018 – Q2 2020
- SAL Oppenheim Jr. & Cie.AG & Co.KGaA (not a 13F filer in our records) · File #028-13922 · Q2 2013 – Q3 2018
- Oppenheim Asset Management Services S.a.r.l (not a 13F filer in our records) · File #028-13923 · Q2 2013 – Q3 2017
- Abbey Life Assurance Co Ltd. (not a 13F filer in our records) · File #028-13916 · Q2 2013 – Q2 2016
- DWS Investment GmbH (not a 13F filer in our records) · File #028-10152 · Q2 2013 – Q3 2015
- DEUTSCHE ASSET MANAGEMENT LTD (not a 13F filer in our records) · File #028-10154 · Q2 2013 – Q1 2014
- Deutsche Asset Management Schwiez (not a 13F filer in our records) · File #028-11401 · Q2 2013 – Q1 2014
- Oppenheim Kapitalanagegessellschaft mbH (not a 13F filer in our records) · File #028-13920 · Q2 2013 – Q1 2014
- Frankfurt-Trust Invest Luxembourg AG (not a 13F filer in our records) · File #028-13918 · Q2 2013 – Q1 2014
- Frankfurt-Trust Investment Gesellschaft mit beschrankter Haftung (not a 13F filer in our records) · File #028-13919 · Q2 2013 – Q1 2014
- Pharma/Wealth Management Co S.A (not a 13F filer in our records) · File #028-13921 · Q2 2013 – Q4 2013
Holdings reported by
- Russell Investments Group Ltd · Q1 2024 – Q1 2026 · declared by one filing
- DREMAN VALUE MANAGEMENT L L C · Q2 2013 – Q2 2015 · declared by one filing
Key People
Named on the latest Form 13-F filing — not necessarily an owner
Michael Caro
Vice President
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
Loading 13F Metrics
Q4 2023 13F record
Q4 2023 13F filing summary
| Period of report | December 31, 2023 |
|---|---|
| Filed | February 14, 2024 |
| Form | 13F-HR |
| Reported value | $196.0B |
| Positions | 3,488 |
| Change in reported value | +26.6% |
| New positions | 143 |
| Exited positions | 227 |
| Position turnover | 10.0% |
| Top-10 concentration | 23.2% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 7, 2026
|
3,584 | $344.4B |
|
Q1 2026 13F
Filed May 6, 2026
|
3,506 | $302.7B |
|
Q4 2025 13F
Filed Feb 11, 2026
|
3,500 | $307.1B |
|
Q3 2025 13F
Filed Nov 13, 2025
|
3,477 | $298.4B |
|
Q2 2025 13F
Filed Aug 12, 2025
|
3,479 | $271.6B |
|
Q1 2025 13F
Filed May 9, 2025
|
3,462 | $252.4B |
|
Q4 2024 13F
Filed Feb 14, 2025
|
3,445 | $255.4B |
|
Q3 2024 13F
Filed Nov 13, 2024
|
3,477 | $245.7B |
|
Q2 2024 13F
Filed Aug 14, 2024
|
3,432 | $221.7B |
|
Q1 2024 13F
Filed May 15, 2024
|
3,484 | $215.5B |
|
Q4 2023 13F
Filed Feb 14, 2024
|
3,488 | $196.0B |
|
Q3 2023 13F
Filed Nov 9, 2023
|
3,549 | $154.9B |
|
Q2 2023 13F
Filed Aug 14, 2023
|
3,643 | $188.1B |
|
Q1 2023 13F
Filed May 15, 2023
|
3,730 | $179.6B |
|
Q4 2022 13F
Filed Feb 13, 2023
|
3,805 | $173.8B |
|
Q3 2022 13F
Filed Nov 14, 2022
|
3,710 | $165.7B |
|
Q2 2022 13F
Filed Aug 11, 2022
|
3,817 | $179.2B |
|
Q1 2022 13F
Filed May 13, 2022
|
3,865 | $214.4B |
|
Q4 2021 13F
Filed Feb 11, 2022
|
3,926 | $222.4B |
|
Q3 2021 13F
Filed Nov 4, 2021
|
4,008 | $210.8B |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q4 2023
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | MSFT MICROSOFT CORP | $10.9B | 5.54% |
| 2 | AAPL APPLE INC | $8.1B | 4.15% |
| 3 | GOOGL ALPHABET INC | $5.9B | 3.03% |
| 4 | NVDA NVIDIA CORPORATION | $4.3B | 2.19% |
| 5 | AMZN AMAZON COM INC | $3.7B | 1.88% |
| 6 | GOOG ALPHABET INC | $2.9B | 1.5% |
| 7 | META META PLATFORMS INC | $2.6B | 1.33% |
| 8 | V VISA INC | $2.4B | 1.25% |
| 9 | MRK MERCK & CO INC | $2.4B | 1.2% |
| 10 | JPM JPMORGAN CHASE & CO | $2.2B | 1.11% |
| 11 | JNJ JOHNSON & JOHNSON | $2.0B | 1.03% |
| 12 | UNH UNITEDHEALTH GROUP INC | $1.9B | 0.98% |
| 13 | TSLA TESLA INC | $1.7B | 0.88% |
| 14 | LLY ELI LILLY & CO | $1.6B | 0.84% |
| 15 | ADBE ADOBE INC | $1.6B | 0.83% |
| 16 | AMT AMERICAN TOWER CORP NEW | $1.6B | 0.8% |
| 17 | HD HOME DEPOT INC | $1.6B | 0.8% |
| 18 | MDT MEDTRONIC PLC | $1.4B | 0.73% |
| 19 | PEP PEPSICO INC | $1.3B | 0.68% |
| 20 | PG PROCTER AND GAMBLE CO | $1.3B | 0.65% |
Values as reported on the Q4 2023 Form 13F. Every position is in the holdings table below.