DEUTSCHE BANK AG\

CIK 0000948046 · Q2 2026

13F Equity AUM

$344.4B

+13.8% QoQ

Positions

3,306

+220 QoQ

AUM Rank

#41

Top 0.5%

Skill Alpha (FF)

+0.2%/yr^ns

No Clear Edge

Rank #2,510 · Top 30%

vs S&P -0.5%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 18.4%Top 10: 26.3%Top 20: 35.9%

NVDA5.3%

AAPL4.0%

MSFT3.5%

GOOGL3.2%

AMZN2.4%

GOOG1.8%

AVGO1.6%

MU1.6%

META1.5%

AMD1.4%

Others (3296)73.7%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology31.8%

Financial Services11.6%

Healthcare10.6%

Communication Services8.9%

Consumer Cyclical7.8%

Industrials7.7%

Energy5.6%

Utilities4.0%

Other12.1%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 3306Median: 0.00%Avg: 0.03%

0–0.5%

3278(59.4%)

0.5–1%

14(9.8%)

1–3%

10(14.8%)

3–5%

3(10.7%)

5%+

1(5.3%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 3,306vs 20 funds

0%Low

3,306

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New284Increased2238Decreased1003Exited197

New Positions

SPACE EXPLORATION TE…0.1%

+1.3M

HONEYWELL AEROSPACE …0.0%

+663K

HONEYWELL INTL INC0.0%

+683K

DUPONT DE NEMOURS IN…0.0%

+962K

OGC0.0%

+2.3M

FEDEX FGHT HLDG CO I…0.0%

+380K

MADISON AIR SOLUTION…0.0%

+603K

INNIO NV0.0%

+566K

WISE GROUP PLC0.0%

+3.2M

THOMSON REUTERS CORP0.0%

+332K

Increased

SAJA0.0%

+15.5M(+418%)

BKNG0.5%

+9.1M(+2656%)

F0.1%

+8.3M(+77%)

WBD0.1%

+6.9M(+111%)

DB0.8%

+6.9M(+10%)

KEY0.1%

+6.5M(+66%)

WMT0.6%

+6.5M(+54%)

PDM0.0%

+5.6M(+3976%)

CNP0.2%

+5.2M(+42%)

T0.2%

+5.1M(+16%)

Decreased

OPTU0.0%

-14,738,032(-97%)

UBS0.3%

-7,775,104(-24%)

PEO0.2%

-7,483,918(-38%)

SUZ0.0%

-7,124,492(-56%)

ON 0.5 03/01/290.0%

-5,827,000(-47%)

BAC0.7%

-4,734,548(-10%)

ECPG 4 03/15/290.0%

-4,226,000(-56%)

PCRX 2.125 05/15/290.0%

-4,033,000(-50%)

LARCN 1.75 01/15/270.0%

-4,000,000(-44%)

CRNC 1.5 07/01/280.0%

-3,844,000(-63%)

Exited

-1,194,022

-2,173,847

-4,441,328

-4,356,443

-1,957,098

-1,286,963

-315,000

-89,387

-355,132

-690,903

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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