DEUTSCHE BANK AG\

CIK 0000948046 · Q1 2026

13F Equity AUM

$302.7B

-1.4% QoQ

Positions

3,086

-27 QoQ

AUM Rank

#66

Top 0.5%

Skill Alpha (FF)

-0.2%/yr^ns

No Clear Edge

Rank #2,561 · Top 31%

vs S&P -3.2%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 18.1%Top 10: 25.3%Top 20: 33.3%

NVDA5.2%

MSFT4.0%

AAPL3.9%

GOOGL2.8%

AMZN2.2%

META1.6%

GOOG1.6%

AVGO1.5%

TTE1.3%

JNJ1.2%

Others (3076)74.8%

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

Sector Allocation

Technology27.8%

Financial Services12.0%

Healthcare11.2%

Communication Services9.0%

Industrials7.9%

Consumer Cyclical7.6%

Energy7.0%

Consumer Defensive4.3%

Other13.2%

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

Position Sizing

Positions: 3086Median: 0.00%Avg: 0.03%

0–0.5%

3056(61.0%)

0.5–1%

19(12.6%)

1–3%

8(13.3%)

3–5%

2(7.9%)

5%+

1(5.2%)

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

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Portfolio Overlap

Shared: 3,064Unique: 22vs 20 funds

41.9%High

3,086

Fund positions

7,299

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.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

72.5%

MORGAN STANLEY

54.8%

BANK OF AMERICA CORP /DE/

56.8%

STATE STREET CORP

75.8%

GEODE CAPITAL MANAGEMENT, LLC

72.8%

VANGUARD CAPITAL MANAGEMENT LLC

71.8%

JPMORGAN CHASE & CO

50.1%

VANGUARD PORTFOLIO MANAGEMENT LLC

78.4%

FMR LLC

60.2%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New148Increased2105Decreased1037Exited150

New Positions

AZN0.8%

+12.1M

QIAGEN NV0.1%

+5.6M

SUNBELT RENTALS HOLD…0.0%

+1.8M

AMCOR PLC0.0%

+2.8M

VG0.0%

+5.0M

JANUS LIVING INC0.0%

+2.9M

FORGENT POWER SOLUTI…0.0%

+1.0M

SOLV ENERGY INC0.0%

+756K

PNFP0.0%

+264K

AKTIS ONCOLOGY INC0.0%

+14K

Increased

DB0.7%

+13.1M(+23%)

PBR0.1%

+6.8M(+102610%)

CLSK 0 06/15/300.0%

+6.3M(+1831%)

SUZ0.0%

+5.3M(+72%)

CCC0.0%

+4.6M(+14261%)

CDE0.0%

+4.4M(+160%)

MSTR 0.625 09/15/280.0%

+4.4M(+140%)

RKT0.0%

+3.5M(+212%)

TROX0.0%

+3.3M(+514%)

DOC0.0%

+3.3M(+88%)

Decreased

STLA0.0%

-13,285,349(-53%)

COIN 0.5 06/01/260.0%

-11,105,000(-72%)

VTR 3.75 06/01/260.0%

-7,389,000(-61%)

NOG 3.625 04/15/290.0%

-4,891,000(-52%)

ALIT0.0%

-3,954,780(-91%)

PAYO0.0%

-3,836,391(-57%)

ES0.0%

-3,824,482(-72%)

PYPL0.1%

-3,696,082(-47%)

HR0.0%

-3,655,710(-94%)

BABA 0.5 06/01/310.0%

-3,456,000(-21%)

Exited

QIAGEN NV

-7,907,801

-17,222,743

-764,899

-3,469,111

-502,117

-153,695

-530,691

-5,985,031

-1,478,296

-1,762,802

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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