Which funds own DB
Deutsche BK AG in the Q2 2026 filings. At least 6 of the 91 current managers on file reported a position, worth $1.7bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 6
- at least, of 91 current
- Combined value
- $1.7bn
- as reported
- Opened
- 1
- new this quarter
- Added to
- 4
- already held
- Trimmed or sold out
- 3
- 2 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Capital World Investors Long-only · $846bn book | $795m | 0.1% | 23,483,103 | +$54m-1,835,108 | Trimmed |
| AQR Capital Management LLC Quantitative · $287bn book | $548m | 0.2% | 16,205,893 | +$153m+2,622,980 | Added |
| Two Sigma Investments LP Quantitative · $138bn book | $253m | 0.2% | 7,481,669 | +$116m+2,877,833 | Added |
| Viking Global Investors LP Long/short equity · $35.1bn book | $85m | 0.2% | 2,510,554 | opened2,510,554 | New |
| Rokos Capital Management LLP Macro · $26.8bn book | $16m | 0.1% | 473,688 | +$12m+345,123 | Added |
| Maverick Capital Ltd Long/short equity · $11.3bn book | $1.3m | 0.0% | 38,837 | +$600k+15,038 | Added |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Appaloosa LP · Activist$7.7m held before
- Schonfeld Strategic Advisors LLC · Multi-strategy$2.8m held before
Ownership through time
At least 9 of the 95 managers whose filings are on file listed DB in Q2 2026, against 2 in Q2 2013. 1 manager fewer than in Q1 2026: 1 started a position; 1 sold out, by its own filing; 1 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q2 2013: 2
- Q3 2013: 2
- Q4 2013: 1
- Q1 2014: 2
- Q2 2014: 5
- Q3 2014: 1
- Q1 2015: 1
- Q2 2015: 1
- Q1 2016: 1
- Q2 2016: 2
- Q4 2016: 4
- Q1 2017: 5
- Q2 2017: 4
- Q3 2017: 4
- Q4 2017: 3
- Q1 2018: 1
- Q2 2018: 1
- Q2 2019: 1
- Q3 2019: 1
- Q4 2019: 1
- Q1 2020: 3
- Q2 2020: 2
- Q3 2020: 2
- Q4 2020: 4
- Q1 2021: 3
- Q2 2021: 4
- Q3 2021: 5
- Q4 2021: 4
- Q1 2022: 5
- Q2 2022: 3
- Q3 2022: 4
- Q4 2022: 5
- Q1 2023: 2
- Q2 2023: 3
- Q3 2023: 5
- Q4 2023: 6
- Q1 2024: 3
- Q2 2024: 4
- Q3 2024: 3
- Q4 2024: 4
- Q1 2025: 7
- Q2 2025: 8
- Q3 2025: 6
- Q4 2025: 8
- Q1 2026: 10
- Q2 2026: 9
- Q2 2013: $444m
- Q3 2013: $229m
- Q4 2013: $216m
- Q1 2014: $191m
- Q2 2014: $261m
- Q3 2014: $179m
- Q1 2015: $12m
- Q2 2015: $248k
- Q1 2016: $269k
- Q2 2016: $16m
- Q4 2016: $318m
- Q1 2017: $583m
- Q2 2017: $1.2bn
- Q3 2017: $1.0bn
- Q4 2017: $716m
- Q1 2018: $15m
- Q2 2018: $1.7m
- Q2 2019: $8.2m
- Q3 2019: $2.5m
- Q4 2019: $3.3m
- Q1 2020: $561m
- Q2 2020: $743m
- Q3 2020: $660m
- Q4 2020: $1.3bn
- Q1 2021: $1.4bn
- Q2 2021: $1.6bn
- Q3 2021: $1.5bn
- Q4 2021: $1.5bn
- Q1 2022: $1.7bn
- Q2 2022: $227m
- Q3 2022: $113m
- Q4 2022: $1.5bn
- Q1 2023: $102m
- Q2 2023: $151m
- Q3 2023: $298m
- Q4 2023: $812m
- Q1 2024: $988m
- Q2 2024: $988m
- Q3 2024: $1.0bn
- Q4 2024: $1.2bn
- Q1 2025: $1.1bn
- Q2 2025: $1.1bn
- Q3 2025: $1.5bn
- Q4 2025: $1.8bn
- Q1 2026: $1.5bn
- Q2 2026: $1.8bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
Largest increases, by shares
- Two Sigma Investments LP4,603,836 to 7,481,669 shares+$97m
- AQR Capital Management LLC13,582,913 to 16,205,893 shares+$89m
- Viking Global Investors LPnew: 2,510,554 shares+$85m
- Rokos Capital Management LLP128,565 to 473,688 shares+$12m
- Quantbot Technologies LPnew: 71,415 shares+$2.4m
Largest decreases, by shares
- Acadian Asset Management LLC5,286,588 to 1,976,298 shares-$112m
- Capital World Investors25,318,211 to 23,483,103 shares-$62m
- Voloridge Investment Management LLC1,002,845 to 398,862 shares-$20m
Left it
- Appaloosa LPwas $7.7m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Capital World Investors | Q4 2016 | $795m | $795m | |
| AQR Capital Management LLC | Q4 2025 | $548m | $548m | |
| Two Sigma Investments LP | Q4 2022 | $253m | $253m | |
| Viking Global Investors LP | Q1 2025 | $356m | $85m | |
| Acadian Asset Management LLC | Q4 2016 | $773m | $67m | |
| Rokos Capital Management LLP | Q1 2026 | $16m | $16m | |
| Voloridge Investment Management LLC | Q2 2014 | $30m | $13m | |
| Quantbot Technologies LP | Q3 2013 | $9.5m | $2.4m | |
| Maverick Capital Ltd | Q4 2021 | $1.3m | $1.3m | |
| Capital Research Global Investors | Q2 2017 | $1.5bn | last listed Q1 2022 | |
| Eisler Capital Management Ltd | Q2 2022 | $1.3bn | last listed Q1 2023 | |
| Arrowstreet Capital LP | Q4 2020 | $724m | last listed Q2 2025 | |
| Wellington Management Group LLP | Q1 2017 | $719m | last listed Q2 2025 | |
| Janus Henderson Group Ltd | Q4 2024 | $305m | last listed Q4 2025 | |
| Fidelity (FMR LLC) | Q2 2013 | $295m | last listed Q2 2013 | |
| Marshall Wace LLP | Q1 2020 | $259m | last listed Q4 2025 | |
| AllianceBernstein LP | Q2 2013 | $229m | last listed Q3 2014 | |
| Appaloosa LP | Q1 2025 | $134m | last listed Q1 2026 | |
| Renaissance Technologies LLC | Q2 2014 | $68m | last listed Q2 2021 |
What DB is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around DB →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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