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Livermore
Livermore
ZHEN

Deutsche Bank AG

SEC CIK
0000948046
Latest filing
Aug 7, 2026

The latest 13F from Deutsche Bank AG covers Q2 2026 (filed Aug 7, 2026): 3,659 long positions worth $344.1B. The top 10 holdings make up 26.4% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 5.3%. Livermore has 28 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
272
Est. +$1.06B
Added
2221
Est. +$21.0B
Reduced
987
Est. −$21.4B
Sold out
187
Est. −$1.14B

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    5.3%$18.4BHistory
  2. AAPLApple Inc.
    4.0%$13.7BHistory
  3. MSFTMicrosoft Corp
    3.5%$12.1BHistory
  4. GOOGLAlphabet Inc.
    3.2%$10.9BHistory
  5. AMZNAmazon Com Inc
    2.4%$8.41BHistory

Share of portfolio

Top 5 holdings and the other 3,654 positions, by share of portfolio value

  1. NVDA5.3%
  2. AAPL4.0%
  3. MSFT3.5%
  4. GOOGL3.2%
  5. AMZN2.4%
  6. Other 3,654 positions81.5%

Biggest buys

New and added positions, by estimated amount bought

  1. WMTWalmart Inc.
    +$739.0MAddedHistory
  2. AMZNAmazon Com Inc
    +$707.9MAddedHistory
  3. TSLATesla, Inc.
    +$622.9MAddedHistory
  4. GOOGLAlphabet Inc.
    +$421.6MAddedHistory
  5. NVDANVIDIA Corp
    +$410.5MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. MUMicron Technology Inc
    +1.09 pp0.5% → 1.6%History
  2. GOOGLAlphabet Inc.
    +0.38 pp2.8% → 3.2%History
  3. MRVLMarvell Technology, Inc.
    +0.24 pp0.1% → 0.3%History
  4. GOOGAlphabet Inc.
    +0.22 pp1.6% → 1.8%History
  5. AMZNAmazon Com Inc
    +0.22 pp2.2% → 2.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AMATApplied Materials Inc
    −$1.81BReducedHistory
  2. SNDKSandisk Corp
    −$986.0MReducedHistory
  3. DELLDell Technologies Inc.
    −$706.9MReducedHistory
  4. GLWCorning Inc
    −$668.9MReducedHistory
  5. INTCIntel Corp
    −$414.0MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. MSFTMicrosoft Corp
    −0.46 pp4.0% → 3.5%History
  2. XOMExxonMobil Holdings Corp
    −0.25 pp0.7% → 0.4%History
  3. EXCExelon Corp
    −0.15 pp0.3% → 0.2%History
  4. TMUST-Mobile US, Inc.
    −0.13 pp0.2% → 0.1%History
  5. PEPPepsiCo Inc
    −0.13 pp0.5% → 0.3%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$344.1B
+$41.6B (+13.8%) vs. prior quarter
Positions
3,659
+85 vs. prior quarter
Top 10 concentration
26.4%
Top 10 as share of value
Turnover
6.8%
Q2 2026, one quarter
Average holding period
20.8 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $344.1B (Q2 2026)

Q1 2021: $185.6BQ2 2021: $205.8BQ3 2021: $210.7BQ4 2021: $222.3BQ1 2022: $214.3BQ2 2022: $179.1BQ3 2022: $165.7BQ4 2022: $173.8BQ1 2023: $179.6BQ2 2023: $188.1BQ3 2023: $154.6BQ4 2023: $195.7BQ1 2024: $215.1BQ2 2024: $221.4BQ3 2024: $245.4BQ4 2024: $255.1BQ1 2025: $252.1BQ2 2025: $271.5BQ3 2025: $298.3BQ4 2025: $307.0BQ1 2026: $302.5BQ2 2026: $344.1B
Q1 2021Q2 2026
13F filings of Deutsche Bank AG by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 7, 20263,659$344.1BNVDAAAPLMSFTvs. Q1 2026SEC
Q1 2026May 6, 20263,574$302.5BNVDAMSFTAAPLvs. Q4 2025SEC
Q4 2025Feb 11, 20263,573$307.0BNVDAMSFTAAPLvs. Q3 2025SEC
Q3 2025Nov 13, 20253,549$298.3BNVDAMSFTAAPLvs. Q2 2025SEC
Q2 2025Aug 12, 20253,567$271.5BMSFTNVDAAAPLvs. Q1 2025SEC
Q1 2025May 9, 20253,540$252.1BMSFTAAPLNVDAvs. Q4 2024SEC
Q4 2024Jun 30, 2025Amended3,530$255.1BMSFTNVDAAAPLvs. Q3 2024SEC
Q3 2024Jun 26, 2025Amended3,523$245.4BMSFTAAPLNVDAvs. Q2 2024SEC
Q2 2024Jun 12, 2025Amended3,478$221.4BMSFTNVDAAAPLvs. Q1 2024SEC
Q1 2024Jun 2, 2025Amended3,528$215.1BMSFTNVDAAAPLvs. Q4 2023SEC
Q4 2023Feb 14, 20243,536$195.7BMSFTAAPLGOOGLvs. Q3 2023SEC
Q3 2023Nov 24, 2023Amended3,620$154.6BMSFTAAPLGOOGLvs. Q2 2023SEC
Q2 2023Aug 14, 20233,720$188.1BMSFTAAPLGOOGLvs. Q1 2023SEC
Q1 2023May 15, 20233,816$179.6BMSFTAAPLGOOGLvs. Q4 2022SEC
Q4 2022Feb 13, 20233,899$173.8BMSFTAAPLGOOGLvs. Q3 2022SEC
Q3 2022Nov 14, 20223,833$165.7BMSFTAAPLGOOGLvs. Q2 2022SEC
Q2 2022Aug 11, 20223,948$179.1BMSFTAAPLGOOGLvs. Q1 2022SEC
Q1 2022May 13, 20223,997$214.3BMSFTAAPLGOOGLvs. Q4 2021SEC
Q4 2021Feb 16, 2022Amended4,035$222.3BMSFTAAPLGOOGLvs. Q3 2021SEC
Q3 2021Nov 4, 20214,250$210.7BMSFTAAPLGOOGLvs. Q2 2021SEC
Q2 2021Aug 11, 20214,445$205.8BMSFTAAPLGOOGLvs. Q1 2021SEC
Q1 2021May 13, 20214,412$185.6BMSFTAAPLAMZN–SEC

13D and 13G filings

Companies where Deutsche Bank AG reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where Deutsche Bank AG owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
OPTUOptimum Communications, Inc.13G/A6.90%19.5M shares+1.70 ppfrom 5.20%May 13, 20262 filingsAug 13, 2026SEC

Latest filings

33 filings on file made by Deutsche Bank AG or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Deutsche Bank AG
CompanyFiled (ET)FormStakeChangeEvent dateFiling
OPTUOptimum Communications, Inc.Aug 13, 20263:45 PM ET13G/A6.90%19.5M shares+1.70 ppfrom 5.20%Jun 30, 2026SEC
IHRTiHeartMedia, Inc.Aug 13, 20263:39 PM ET13G/A4.90%6.34M shares−0.10 ppfrom 5.00%Below 5%Jun 30, 2026SEC
OPTUOptimum Communications, Inc.May 13, 20265:14 PM ET13G5.20%14.9M sharesNewMar 31, 2026SEC
IHRTiHeartMedia, Inc.May 13, 20265:03 PM ET13G5.00%6.53M sharesNewMar 31, 2026SEC
SMASmartStop Self Storage REIT, Inc.Jan 30, 20262:43 PM ET13G/A3.30%1.82M shares−3.40 ppfrom 6.70%Below 5%Dec 31, 2025SEC
SMASmartStop Self Storage REIT, Inc.Aug 14, 20254:41 PM ET13G6.70%2.07M sharesNewJun 30, 2025SEC
GESGuess IncOct 23, 20242:52 PM ET13G/A0.40%225.9K shares–Below 5%Sep 30, 2024SEC
GESGuess IncFeb 13, 202413GOld format–New–SEC
ALTUAltitude Acquisition Corp.Feb 13, 202413G/AOld format–––SEC
Prime Impact Acquisition IFeb 13, 202413G/AOld format–––SEC
NMZNuveen Municipal High Income Opportunity FundApr 26, 202313D/AOld format–––SEC
NMZNuveen Municipal High Income Opportunity FundApr 5, 202313D/AOld format–––SEC
ALTUAltitude Acquisition Corp.Feb 13, 202313GOld format–New–SEC
Prime Impact Acquisition IFeb 13, 202313GOld format–New–SEC
NMZNuveen Municipal High Income Opportunity FundJun 13, 202213D/AOld format–––SEC
NTPIFNam Tai Property Inc.Apr 6, 202213D/AOld format–––SEC
NTPIFNam Tai Property Inc.Apr 6, 202213D/AOld format–––SEC
NTPIFNam Tai Property Inc.Mar 24, 202213D/AOld format–––SEC
NTPIFNam Tai Property Inc.Feb 17, 202213D/AOld format–––SEC
IRTIndependence Realty Trust, Inc.Feb 17, 202213G/AOld format–––SEC