DEUTSCHE BANK AG\ Q4 2025 Filing

Filed February 11, 2026

Portfolio Value

$307.1B

Holdings

3,594

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (3,594 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	NVDANVIDIA CORPORATION	90,456,007	$16.9B	5.49%	Put
2	MSFTMICROSOFT CORP	31,734,061	$15.3B	4.99%
3	AAPLAPPLE INC	46,436,200	$12.6B	4.11%	Put
4	GOOGLALPHABET INC	31,786,670	$9.9B	3.24%
5	AMZNAMAZON COM INC	30,618,765	$7.1B	2.30%
6	GOOGALPHABET INC	16,817,671	$5.3B	1.72%
7	METAMETA PLATFORMS INC	7,702,059	$5.1B	1.65%
8	AVGOBROADCOM INC	13,828,369	$4.8B	1.56%
9	LLYELI LILLY & CO	3,807,637	$4.1B	1.33%
10	TSLATESLA INC	8,022,042	$3.6B	1.17%
11	JPMJPMORGAN CHASE & CO.	10,190,594	$3.3B	1.07%
12	VVISA INC	8,825,667	$3.1B	1.00%
13	JNJJOHNSON & JOHNSON	13,494,166	$2.8B	0.91%
14	TTETOTALENERGIES SE	40,413,172	$2.6B	0.86%	Call
15	BACBANK AMERICA CORP	47,172,503	$2.6B	0.84%
16	ABBVABBVIE INC	10,129,714	$2.3B	0.75%
17	DBDEUTSCHE BANK A G	56,750,099	$2.2B	0.71%
18	PLTRPALANTIR TECHNOLOGIES INC	11,011,757	$2.0B	0.64%
19	AMDADVANCED MICRO DEVICES INC	9,124,413	$1.9B	0.63%
20	MAMASTERCARD INCORPORATED	3,336,603	$1.9B	0.62%
21	ENBENBRIDGE INC	37,132,967	$1.8B	0.58%
22	MDTMEDTRONIC PLC	17,748,234	$1.7B	0.55%
23	LINLINDE PLC	3,941,719	$1.7B	0.54%
24	AMATAPPLIED MATLS INC	6,424,473	$1.6B	0.54%
25	BKNGBOOKING HOLDINGS INC	293,553	$1.6B	0.51%
26	NFLXNETFLIX INC	16,586,252	$1.5B	0.50%
27	BRK/BBERKSHIRE HATHAWAY INC DEL	3,090,790	$1.5B	0.50%
28	WMTWALMART INC	13,292,602	$1.5B	0.48%
29	AEMAGNICO EAGLE MINES LTD	8,570,961	$1.4B	0.47%
30	ABTABBOTT LABS	11,579,433	$1.4B	0.47%
31	ADBEADOBE INC	3,997,588	$1.4B	0.45%
32	NEENEXTERA ENERGY INC	17,281,357	$1.4B	0.45%
33	UBSUBS GROUP AG	29,605,781	$1.4B	0.44%
34	PEPPEPSICO INC	9,511,450	$1.4B	0.44%
35	MRKMERCK & CO INC	12,788,311	$1.3B	0.44%
36	MUMICRON TECHNOLOGY INC	4,549,881	$1.3B	0.42%
37	ORCLORACLE CORP	6,545,337	$1.3B	0.41%
38	CSCOCISCO SYS INC	16,387,458	$1.3B	0.41%
39	HDHOME DEPOT INC	3,597,504	$1.2B	0.40%
40	XOMEXXON MOBIL CORP	10,281,907	$1.2B	0.40%
41	ANETARISTA NETWORKS INC	9,307,396	$1.2B	0.40%
42	COSTCOSTCO WHSL CORP NEW	1,414,746	$1.2B	0.39%
43	AMTAMERICAN TOWER CORP NEW	6,909,301	$1.2B	0.39%
44	WMBWILLIAMS COS INC	20,036,698	$1.2B	0.39%
45	PGRPROGRESSIVE CORP	5,163,933	$1.2B	0.38%
46	IBMINTERNATIONAL BUSINESS MACHS	3,919,493	$1.2B	0.38%
47	WFCWELLS FARGO CO NEW	12,181,321	$1.1B	0.37%
48	KOCOCA COLA CO	16,262,125	$1.1B	0.37%
49	PGPROCTER AND GAMBLE CO	7,884,013	$1.1B	0.37%	Put
50	AXPAMERICAN EXPRESS CO	3,037,014	$1.1B	0.36%
51	UBERUBER TECHNOLOGIES INC	13,524,129	$1.1B	0.36%
52	WELLWELLTOWER INC	5,755,928	$1.1B	0.35%	Put
53	INTUINTUIT	1,599,873	$1.1B	0.34%
54	CRMSALESFORCE INC	3,908,539	$1.0B	0.33%
55	NOWSERVICENOW INC	6,730,205	$1.0B	0.33%
56	SLBSLB LIMITED	26,373,025	$1.0B	0.33%
57	QCOMQUALCOMM INC	5,638,287	$956.0M	0.31%
58	PLDPROLOGIS INC.	7,358,856	$934.0M	0.30%
59	INTCINTEL CORP	24,942,132	$914.0M	0.30%
60	PEOEXELON CORP	20,964,736	$909.0M	0.30%
61	ADPAUTOMATIC DATA PROCESSING IN	3,532,545	$903.0M	0.29%
62	CNRCANADIAN NATL RY CO	8,998,101	$885.0M	0.29%
63	UNPUNION PAC CORP	3,844,047	$881.0M	0.29%
64	NEMNEWMONT CORP	8,811,771	$872.0M	0.28%	Put
65	APHAMPHENOL CORP NEW	6,495,823	$872.0M	0.28%
66	ISRGINTUITIVE SURGICAL INC	1,522,191	$855.0M	0.28%
67	SPOTSPOTIFY TECHNOLOGY S A	1,485,921	$854.0M	0.28%
68	CLCOLGATE PALMOLIVE CO	10,845,857	$850.0M	0.28%
69	TRPTC ENERGY CORP	15,384,255	$843.0M	0.27%
70	GSGOLDMAN SACHS GROUP INC	965,869	$839.0M	0.27%
71	GEGE AEROSPACE	2,752,874	$838.0M	0.27%
72	EQIXEQUINIX INC	1,094,808	$834.0M	0.27%
73	TRVCCITIGROUP INC	7,158,142	$825.0M	0.27%
74	CATCATERPILLAR INC	1,450,183	$823.0M	0.27%
75	ACNACCENTURE PLC IRELAND	3,093,932	$821.0M	0.27%
76	TJXTJX COS INC NEW	5,384,571	$820.0M	0.27%
77	LRCXLAM RESEARCH CORP	4,762,381	$808.0M	0.26%
78	SRESEMPRA	9,162,075	$805.0M	0.26%
79	VRTXVERTEX PHARMACEUTICALS INC	1,768,881	$796.0M	0.26%
80	PNCPNC FINL SVCS GROUP INC	3,836,936	$795.0M	0.26%
81	DISDISNEY WALT CO	6,911,458	$780.0M	0.25%
82	TAT&T INC	31,460,360	$777.0M	0.25%
83	MDLZMONDELEZ INTL INC	14,353,633	$766.0M	0.25%
84	PFEPFIZER INC	30,898,848	$761.0M	0.25%
85	PHPARKER-HANNIFIN CORP	871,894	$760.0M	0.25%
86	GILDGILEAD SCIENCES INC	6,193,754	$752.0M	0.24%
87	AG8AGILENT TECHNOLOGIES INC	5,548,091	$752.0M	0.24%
88	BACVERIZON COMMUNICATIONS INC	18,423,287	$745.0M	0.24%
89	UNHUNITEDHEALTH GROUP INC	2,202,078	$719.0M	0.23%
90	TMOTHERMO FISHER SCIENTIFIC INC	1,247,636	$715.0M	0.23%
91	ETNEATON CORP PLC	2,261,548	$715.0M	0.23%
92	MCDMCDONALDS CORP	2,356,751	$709.0M	0.23%
93	AMGNAMGEN INC	2,190,809	$709.0M	0.23%
94	DWDMORGAN STANLEY	4,003,926	$705.0M	0.23%
95	ZTSZOETIS INC	5,558,183	$692.0M	0.23%
96	LMTLOCKHEED MARTIN CORP	1,440,840	$691.0M	0.23%
97	DELLDELL TECHNOLOGIES INC	5,517,070	$689.0M	0.22%
98	TSMTAIWAN SEMICONDUCTOR MFG LTD	2,264,367	$683.0M	0.22%
99	PCGPG&E CORP	42,284,395	$676.0M	0.22%
100	PANWPALO ALTO NETWORKS INC	3,557,904	$651.0M	0.21%

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