Deutsche Bank

DB • NYSE

Deutsche Bank is a banks - regional company in the financial services sector on NYSE, led by Christian Sewing, with a market cap of $74.3B. As of Q3 2025, 35% of shares are held by 415 institutional investors, with DEUTSCHE BANK AG\ as the largest holder at 4.46%.

CEOChristian Sewing

Market Cap$74.3B

Banks - Regional

Financial Services

Employees90.1K

Websitedb.com

Overview

Overview of institutional ownership in DB as of Q3 2025 with a market cap of $68.2B

All Institutions

Institutions: 415
Value Held: $24.1B
Shares Held: 685.8M
Avg Position: $58.0M
Median Position: $971.9K

Hedge Funds

Hedge Funds: 29
Value Held: $534.4M
Shares Held: 15.1M
Avg Position: $18.4M
Median Position: $2.4M

Ownership Breakdown

Institutional (non-HF)

34.5%

$23.5B

Hedge Funds

0.784%

$534.4M

Retail & Other

64.71%

$44.1B

Based on market cap of $68.2B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in DB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	Kevin G. Burke CEO	$3.0B 1.02% of portfolio	4.46% 86.0M shares	Q3 2013 Held for 12y 3m	$298.07B
C Capital International Investors Institution	-	$2.9B 0.47% of portfolio	4.29% 82.5M shares	Q4 2023 Held for 2 years	$617.62B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$2.8B 0.04% of portfolio	4.11% 79.1M shares	Q1 2015 Held for 10y 9m	$6.69T
A Amundi Institution	-	$1.7B 0.56% of portfolio	2.57% 49.6M shares	Q2 2021 Held for 4y 6m	$311.18B
UBS Group AG Institution	Sergio P. Ermotti CEO	$1.1B 0.21% of portfolio	1.56% 30.0M shares	Q4 2014 Held for 11 years	$511.60B
F Fisher Asset Management, LLC Institution	-	$936.0M 0.34% of portfolio	1.37% 26.4M shares	Q1 2025 Held for 9 months	$276.29B
D DekaBank Deutsche Girozentrale Institution	-	$711.2M 1.21% of portfolio	1.04% 20.1M shares	Q3 2025 Held for 3 months	$58.9B
GQG Partners LLC Long Only Manager	Timothy Jacob Carver CEO	$706.1M 1.08% of portfolio	1.04% 20.1M shares	Q1 2025 Held for 9 months	$65.1B
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	Gillian Morna Therese Savage CEO	$665.4M 1.29% of portfolio	0.98% 18.8M shares	Q2 2020 Held for 5y 6m	$51.5B
CAUSEWAY CAPITAL MANAGEMENT LLC Long Only Manager	Sarah Hotchkis Ketterer CEO	$620.2M 8.19% of portfolio	0.91% 17.6M shares	Q1 2025 Held for 9 months	$7.6B

Net Capital Flow

Institutional buying and selling activity for DB in Q3 2025

Traded: +$2.0B
Buyers: 236
Sellers: 191
Total Bought: +$3.2B
Total Sold: −$1.2B
Avg Position: $50.2M

Biggest Buyers

Institution	Net Bought	Current Position
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$772.7M +21.8M shares	$3.0B 86.0M shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	+$317.0M +9.0M shares	$665.4M 18.8M shares
A Amundi Institution	+$312.1M +8.9M shares	$1.7B 49.6M shares
GOLDMAN SACHS GROUP INC Institution	+$255.2M +7.2M shares	$618.3M 17.5M shares
VIKING GLOBAL INVESTORS LP Hedge Fund•Long/Short	+$214.6M +6.1M shares	$214.6M 6.1M shares
C CREDIT AGRICOLE S A Institution	+$179.9M +5.1M shares	$237.3M 6.7M shares
B Banco Santander, S.A. Institution	+$134.4M +3.8M shares	$137.5M 3.9M shares
C COMMERZBANK AKTIENGESELLSCHAFT /FI Institution	+$94.3M +2.7M shares	$110.7M 3.1M shares
D DekaBank Deutsche Girozentrale Institution	+$72.1M +2.0M shares	$711.2M 20.1M shares
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Fund of Funds	+$71.1M +2.0M shares	$71.1M 2.0M shares

Biggest Sellers

Institution	Net Sold	Current Position
C Capital International Investors Institution	−$143.7M −4.1M shares	$2.9B 82.5M shares
UBS Group AG Institution	−$73.4M −2.1M shares	$1.1B 30.0M shares
GQG Partners LLC Long Only Manager	−$71.1M −2.0M shares	$706.1M 20.1M shares
FRANKLIN RESOURCES INC Institution	−$69.9M −2.0M shares	$349.8M 9.9M shares
CAUSEWAY CAPITAL MANAGEMENT LLC Long Only Manager	−$59.7M −1.7M shares	$620.2M 17.6M shares
C Capital Group Private Client Services, Inc. RIA/Wealth	−$57.1M −1.6M shares	$25.5M 724.7K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$51.4M −1.7M shares	Sold Off 0 shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$49.3M −1.4M shares	$84.5M 2.4M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$46.4M −1.6M shares	Sold Off 0 shares
HENDERSON GROUP PLC Institution	−$45.0M −1.3M shares	$305.4M 8.7M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited DB in Q3 2025

New Positions: 41
New Value: $89.8M
Exited Positions: 63
Exited Value: $248.8M

New Positions

Institution	Position Value
INTECH INVESTMENT MANAGEMENT LLC Long Only Manager	$44.6M 1.3M shares
P Philadelphia Financial Management of San Francisco, LLC Hedge Fund•Sector	$14.7M 416.0K shares
S State of Tennessee, Treasury Department Institution	$10.8M 307.6K shares
WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC Hedge Fund•Multi-Strategy	$7.1M 200.9K shares
Lighthouse Investment Partners, LLC Fund of Funds	$2.9M 81.3K shares
P PINNBROOK CAPITAL MANAGEMENT LP Hedge Fund•Global Macro	$2.4M 68.3K shares
S Sageworth Trust Co Institution	$1.7M 49.0K shares
Myriad Asset Management US LP Hedge Fund•Global Macro	$765.1K 21.6K shares
B BNP PARIBAS Institution	$597.3K 17.0K shares
Powell Investment Advisors, LLC RIA/Wealth	$534.7K 15.1K shares

Exited Positions

Institution	Previous Position
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$51.4M 1.7M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$46.4M 1.6M shares
S Sienna Gestion Institution	$34.4M 1.3M shares
THIRD AVENUE MANAGEMENT LLC Long Only Manager	$30.2M 1.0M shares
A AXA Institution	$12.7M 432.5K shares
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$10.4M 356.8K shares
O Optiver Holding B.V. Institution	$10.0M 342.5K shares
OCCUDO QUANTITATIVE STRATEGIES LP Hedge Fund•Market Neutral	$6.9M 236.3K shares
S S.A.C. Capital Advisors Ltd. Institution	$3.9M 134.9K shares
C Cubist Systematic Strategies, LLC Institution	$3.9M 134.8K shares

Options Activity

Institutions with the largest Call and Put options positions in DB as of Q3 2025

Call Positions: 22
Call Value: $777.6M
Put Positions: 26
Put Value: $1.1B

Call Positions

Institution	Position Value
UBS Group AG Institution	$192.5M 54.4K contracts
R Rokos Capital Management LLP Hedge Fund•Global Macro	$143.5M 40.7K contracts
S SIH Partners, LLLP Institution	$126.3M 35.7K contracts
H HSBC HOLDINGS PLC Institution	$119.5M 34.0K contracts
GOLDMAN SACHS GROUP INC Institution	$107.1M 30.3K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$26.8M 7.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$12.6M 3.6K contracts
CITIGROUP INC Institution	$12.3M 3.5K contracts
J JANE STREET GROUP, LLC Institution	$7.9M 2.2K contracts
BANK OF AMERICA CORP /DE/ Institution	$7.1M 2.0K contracts

Put Positions

Institution	Position Value
GOLDMAN SACHS GROUP INC Institution	$372.7M 105.2K contracts
S SIH Partners, LLLP Institution	$288.5M 81.5K contracts
UBS Group AG Institution	$159.8M 45.1K contracts
H HSBC HOLDINGS PLC Institution	$121.8M 34.6K contracts
Q Qube Research & Technologies Ltd Institution	$39.5M 11.2K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$28.1M 7.9K contracts
CITIGROUP INC Institution	$25.7M 7.3K contracts
Groupe la Francaise Fund of Funds	$13.2M 3.8K contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$10.9M 3.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$10.3M 2.9K contracts

Most Committed Institutions

Institutions with DB as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
H HPC Germany GmbH Institution	-	100.00% $1.8M	0.00% 49.7K shares	Q1 2023 Held for 2y 9m	$1.8M
ENTRUST GLOBAL PARTNERS L L C Fund of Funds	Gregg Scott Hymowitz CEO	68.69% $343.0M	0.70% 13.4M shares	Q1 2025 Held for 9 months	$499.3M
CAUSEWAY CAPITAL MANAGEMENT LLC Long Only Manager	Sarah Hotchkis Ketterer CEO	8.19% $620.2M	0.91% 17.6M shares	Q1 2025 Held for 9 months	$7.6B
G Gemsstock Ltd. RIA/Wealth	Susan Michelle Williams President	4.53% $17.2M	0.03% 490.2K shares	Q4 2024 Held for 1 year	$380.1M
Westend Capital Management LLC Hedge Fund•Multi-Strategy	George Brown Bolton CIO	3.67% $12.6M	0.02% 355.8K shares	Q2 2025 Held for 6 months	$343.2M
Henry James International Management Inc. Long Only Manager	James Henry O'Leary CEO	2.95% $9.1M	0.01% 257.0K shares	Q1 2025 Held for 9 months	$308.2M
P Philadelphia Financial Management of San Francisco, LLC Hedge Fund•Sector	Jordan Neil Hymowitz Managing Partner	2.93% $14.7M	0.02% 416.0K shares	Q3 2025 Held for 3 months	$503.5M
C CREDIT INDUSTRIEL ET COMMERCIAL Institution	-	2.82% $12.4M	0.02% 353.2K shares	Q4 2024 Held for 1 year	$440.6M
Liontrust Investment Partners LLP Long Only Manager	John Stephen Ions CEO	2.61% $185.2M	0.27% 5.3M shares	Q4 2023 Held for 2 years	$7.1B
C COMMERZBANK AKTIENGESELLSCHAFT /FI Institution	-	2.30% $110.7M	0.16% 3.1M shares	≤ Q2 2013 Held for 12y 6m+	$4.8B

Hedge Fund Spotlight

Discover hedge funds investing in DB

FOX RUN MANAGEMENT, L.L.C.

Hedge Fund • Quant

Portfolio ManagerSandeep Kumar

Portfolio Value: $641.0M
Positions: 871
Last Reported: Q3 2025

Sector Allocation

Position in Deutsche Bank

Market Value: $663.4K
Shares Held: 18.7K
Portfolio Weight: 0.10%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Energy Select Sector SPDR Fund XLE	ETF ETF	$7.7M	1.20%
2 Financial Select Sector SPDR Fund XLF	ETF ETF	$4.3M	0.67%
3 iShares U.S. Real Estate IYR	ETF ETF	$3.9M	0.61%