Who owns DB (DB)
Which tracked institutional funds hold DB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DB company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
75 tracked funds added or opened DB while 204 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
DB’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.1pp gap the other way — the median holder sizes DB more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in DB divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 474 tracked filers holding DB, 223 increased or opened the position and 269 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in DB between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 32
- VANGUARD CAPITAL MANAGEMENT LLC$1.6B
- VANGUARD FIDUCIARY TRUST CO$458M
- VANGUARD ASSET MANAGEMENT, Ltd$259M
- NIPPON LIFE INSURANCE CO$84M
- SEB Asset Management AB$53M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$43M
Full exits 27
- VANGUARD GROUP INC$3.1B
- MARSHALL WACE, LLP$214M
- Artemis Investment Management LLP$142M
- MOORE CAPITAL MANAGEMENT, LP$46M
- Philadelphia Financial Management of San Francisco, LLC$17M
- THIRD AVENUE MANAGEMENT LLC$13M
Largest adds
- Capital World Investors$740M
- CITIGROUP INC$399M
- NORGES BANK$265M
- BNP PARIBAS ASSET MANAGEMENT Holding S.A.$252M
- BANK OF AMERICA CORP /DE/$187M
- CAUSEWAY CAPITAL MANAGEMENT LLC$172M
Largest trims
- Capital International Investors$1.9B
- ACADIAN ASSET MANAGEMENT LLC$620M
- FMR LLC$298M
- DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main$293M
- Amundi$291M
- UBS Group AG$260M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| DEUTSCHE BANK AG\ added | 69,876,566 | $2.1B | 8.6% | 2026-Q1 |
| Amundi added | 60,059,707 | $1.8B | 7.4% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 54,440,384 | $1.6B | 6.7% | 2026-Q1 |
| UBS Group AG added | 31,753,585 | $946M | 3.9% | 2026-Q1 |
| Fisher Asset Management, LLC added | 28,394,492 | $846M | 3.5% | 2026-Q1 |
| NORGES BANK added | 33,767,931 | $797M | 3.3% | 2026-Q1 |
| Capital World Investors added | 25,318,211 | $741M | 3.1% | 2026-Q1 |
| CAUSEWAY CAPITAL MANAGEMENT LLC added | 24,962,034 | $723M | 3.0% | 2026-Q1 |
| Capital International Investors trimmed | 23,548,845 | $685M | 2.8% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 21,783,243 | $649M | 2.7% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 21,420,171 | $638M | 2.6% | 2026-Q1 |
| CITIGROUP INC added | 21,301,832 | $630M | 2.6% | 2026-Q1 |
| DekaBank Deutsche Girozentrale added | 18,743,906 | $601M | 2.5% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 15,402,466 | $458M | 1.9% | 2026-Q1 |
| Legal & General Group Plc trimmed | 14,522,584 | $420M | 1.7% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 13,576,381 | $394M | 1.6% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 13,337,776 | $387M | 1.6% | 2026-Q1 |
| ENTRUST GLOBAL PARTNERS L L C | 12,145,573 | $352M | 1.5% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 11,780,755 | $334M | 1.4% | 2026-Q1 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main trimmed | 9,413,537 | $272M | 1.1% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 9,121,395 | $265M | 1.1% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 8,697,570 | $259M | 1.1% | 2026-Q1 |
| Liontrust Investment Partners LLP | 5,702,338 | $222M | 0.9% | 2026-Q1 |
| FMR LLC trimmed | 6,367,444 | $189M | 0.8% | 2026-Q1 |
| MORGAN STANLEY added | 5,659,986 | $169M | 0.7% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC trimmed | 5,286,588 | $153M | 0.6% | 2026-Q1 |
| COMMERZBANK AKTIENGESELLSCHAFT /FI added | 4,678,583 | $139M | 0.6% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 4,603,836 | $137M | 0.6% | 2026-Q1 |
| Caisse de depot et placement du Quebec added | 4,436,773 | $128M | 0.5% | 2026-Q1 |
| Allianz Asset Management GmbH added | 4,111,671 | $122M | 0.5% | 2026-Q1 |
| Grantham, Mayo, Van Otterloo & Co. LLC added | 4,101,165 | $119M | 0.5% | 2026-Q1 |
| Invesco Ltd. trimmed | 3,553,159 | $106M | 0.4% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 3,387,049 | $98M | 0.4% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 3,394,512 | $98M | 0.4% | 2026-Q1 |
| Nuveen, LLC trimmed | 3,353,312 | $97M | 0.4% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 2,965,884 | $88M | 0.4% | 2026-Q1 |
| NIPPON LIFE INSURANCE CO new | 2,898,520 | $84M | 0.3% | 2026-Q1 |
| NORTHERN TRUST CORP added | 2,322,505 | $69M | 0.3% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 2,228,726 | $66M | 0.3% | 2026-Q1 |
| Pictet Asset Management Holding SA added | 2,209,846 | $64M | 0.3% | 2026-Q1 |
| BlackRock, Inc. added | 2,123,419 | $63M | 0.3% | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC added | 2,148,045 | $62M | 0.3% | 2026-Q1 |
| AVIVA PLC trimmed | 2,081,001 | $60M | 0.2% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 2,006,508 | $58M | 0.2% | 2026-Q1 |
| INTECH INVESTMENT MANAGEMENT LLC added | 1,867,208 | $54M | 0.2% | 2026-Q1 |
| SEB Asset Management AB new | 1,829,153 | $53M | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 1,737,550 | $52M | 0.2% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 1,736,120 | $52M | 0.2% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 1,733,307 | $52M | 0.2% | 2026-Q1 |
| SIH Partners, LLLP added | 1,686,537 | $50M | 0.2% | 2026-Q1 |
| Capital International, Inc./CA/ trimmed | 1,647,124 | $48M | 0.2% | 2026-Q1 |
| Zurcher Kantonalbank (Zurich Cantonalbank) added | 1,643,803 | $48M | 0.2% | 2026-Q1 |
| Public Sector Pension Investment Board added | 1,453,442 | $44M | 0.2% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 1,452,828 | $43M | 0.2% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 1,358,110 | $40M | 0.2% | 2026-Q1 |
| Munich Reinsurance Co Stock Corp in Munich trimmed | 1,361,924 | $39M | 0.2% | 2026-Q1 |
| CAPITAL INTERNATIONAL SARL trimmed | 1,332,396 | $39M | 0.2% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 1,280,108 | $38M | 0.2% | 2026-Q1 |
| EDMOND DE ROTHSCHILD HOLDING S.A. added | 1,304,295 | $38M | 0.2% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 1,132,335 | $34M | 0.1% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO trimmed | 1,019,542 | $30M | 0.1% | 2026-Q1 |
| WORLDQUANT MILLENNIUM ADVISORS LLC added | 1,031,136 | $30M | 0.1% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 1,002,845 | $30M | 0.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 996,979 | $30M | 0.1% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 988,890 | $29M | 0.1% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 982,797 | $29M | 0.1% | 2026-Q1 |
| Korea Investment CORP trimmed | 968,424 | $28M | 0.1% | 2026-Q1 |
| Vanguard Investments Australia, Ltd. new | 905,674 | $27M | 0.1% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 887,690 | $26M | 0.1% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 664,315 | $26M | 0.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 838,094 | $25M | 0.1% | 2026-Q1 |
| Lansforsakringar Fondforvaltning AB (publ) added | 760,516 | $22M | 0.1% | 2026-Q1 |
| TD Asset Management Inc added | 730,103 | $21M | 0.1% | 2026-Q1 |
| Gemsstock Ltd. added | 711,800 | $21M | 0.1% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP added | 700,832 | $20M | 0.1% | 2026-Q1 |
| Vontobel Holding Ltd. added | 690,849 | $20M | 0.1% | 2026-Q1 |
| CAPITAL INTERNATIONAL LTD /CA/ trimmed | 685,268 | $20M | 0.1% | 2026-Q1 |
| FEDERATED HERMES, INC. added | 676,315 | $20M | 0.1% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC trimmed | 676,223 | $20M | 0.1% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 668,198 | $19M | 0.1% | 2026-Q1 |
| Intesa Sanpaolo S.p.A. added | 651,446 | $19M | 0.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 630,902 | $19M | 0.1% | 2026-Q1 |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC trimmed | 615,796 | $18M | 0.1% | 2026-Q1 |
| Quantinno Capital Management LP added | 597,205 | $18M | 0.1% | 2026-Q1 |
| CREDIT AGRICOLE S A trimmed | 589,947 | $18M | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 584,793 | $17M | 0.1% | 2026-Q1 |
| Compagnie Lombard Odier SCmA trimmed | 585,277 | $17M | 0.1% | 2026-Q1 |
| ASR Vermogensbeheer N.V. added | 584,563 | $17M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 80,119,806 | $3.1B | 12.7% | 2025-Q4 stale |
| GQG Partners LLC trimmed | 20,063,955 | $706M | 2.9% | 2025-Q3 stale |
| VIKING GLOBAL INVESTORS LP trimmed | 6,102,855 | $215M | 0.9% | 2025-Q3 stale |
| MARSHALL WACE, LLP added | 5,518,473 | $214M | 0.9% | 2025-Q4 stale |
| Artemis Investment Management LLP added | 3,663,603 | $142M | 0.6% | 2025-Q4 stale |
| MOORE CAPITAL MANAGEMENT, LP added | 1,177,988 | $46M | 0.2% | 2025-Q4 stale |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH trimmed | 1,503,105 | $44M | 0.2% | 2025-Q2 stale |
| Sienna Gestion added | 1,275,537 | $34M | 0.1% | 2025-Q2 stale |
| AXA Investment Managers S.A. new | 1,061,891 | $32M | 0.1% | 2025-Q3 stale |
| ODDO BHF ASSET MANAGEMENT SAS added | 819,314 | $25M | 0.1% | 2025-Q3 stale |
| SUSQUEHANNA ADVISORS GROUP, INC. | 617,100 | $22M | 0.1% | 2025-Q3 stale |
| Philadelphia Financial Management of San Francisco, LLC added | 436,262 | $17M | 0.1% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.