Morgan Stanley reports 20.58% increase in ownership of DB / Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft

US ˙ NYSE ˙ DE0005140008

Security	DB / Deutsche Bank Aktiengesellschaft
Institution	Morgan Stanley
Latest Disclosed Ownership	5,659,986 shares
Latest Disclosed Value	$ 168,554,490

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 5,659,986 shares of Deutsche Bank Aktiengesellschaft (US:DB) valued at $168,554,383 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 4,693,952 shares of Deutsche Bank Aktiengesellschaft. This represents a change in shares of 20.58% during the quarter. The current value of the position is $176,931,162 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-15	2026-03-31	13F	DEUTSCHE BK	NAMEN AKT	D18190898	5,659,986	966,034	20.58	168,554	-6.88	0.0102
2026-05-27	2025-12-31	13F/A-1	DEUTSCHE BANK A G	NAMEN AKT	D18190898	4,693,952	146,733	3.23	180,999	12.41	0.0108
2026-02-13	2025-12-31	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	4,693,952	146,733		180,999		0.0108
2026-05-27	2025-09-30	13F/A-1	DEUTSCHE BANK A G	NAMEN AKT	D18190898	4,547,219	-168,404	-3.57	161,017	16.62	0.0097
2025-11-14	2025-09-30	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	4,547,219	-168,404		161,017		0.0097
2025-08-15	2025-06-30	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	4,715,623	723,575	18.13	138,073	45.14	0.0090
2025-05-15	2025-03-31	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	3,992,048	-393,145	-8.97	95,131	27.24	0.0068
2025-05-15	2024-12-31	13F/A-1	DEUTSCHE BANK A G	NAMEN AKT	D18190898	4,385,193	270,676	6.58	74,768	4.98	0.0052
2025-02-14	2024-12-31	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	4,385,193	270,676		74,768		0.0052
2025-05-14	2024-09-30	13F/A-2	DEUTSCHE BANK A G	NAMEN AKT	D18190898	4,114,517	-51,069	-1.23	71,222	7.26	0.0052
2025-02-14	2024-09-30	13F/A-1	DEUTSCHE BANK A G	NAMEN AKT	D18190898	4,114,517	-51,069		71,222		0.0052
2024-11-14	2024-09-30	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	4,114,517	-51,069		71,222		0.0006
2025-05-14	2024-06-30	13F/A-2	DEUTSCHE BANK A G	NAMEN AKT	D18190898	4,165,586	642,533	18.24	66,399	19.51	0.0051
2024-10-17	2024-06-30	13F/A-1	DEUTSCHE BANK A G	NAMEN AKT	D18190898	4,165,586	642,533		66,399		0.0051
2024-08-14	2024-06-30	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	4,165,586	642,533		66,399		0.0051
2024-10-17	2024-03-31	13F/A-2	DEUTSCHE BANK A G	NAMEN AKT	D18190898	3,523,053	-335,274	-8.69	55,559	6.27	0.0045
2024-08-16	2024-03-31	13F/A-1	DEUTSCHE BANK A G	NAMEN AKT	D18190898	3,523,053	-335,274		55,559		0.0005
2024-05-15	2024-03-31	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	3,523,053	-335,274		55,559		0.0045
2024-08-16	2023-12-31	13F/A-1	DEUTSCHE BANK A G	NAMEN AKT	D18190898	3,858,327	-197,788	-4.88	52,280	17.28	0.0046
2024-02-13	2023-12-31	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	3,858,327	-197,788		52,280		0.0046
2023-11-15	2023-09-30	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	4,056,115	28,420	0.71	44,577	5.10	0.0045
2023-08-14	2023-06-30	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	4,027,695	72,668	1.84	42,412	5.03	0.0042
2023-05-15	2023-03-31	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	3,955,027	234,063	6.29	40,381	-5.80	0.0043
2023-02-14	2022-12-31	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	3,720,964	-81,965	-2.16	42,866	52.33	0.0049
2022-11-14	2022-09-30	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	3,802,929	681,577	21.84	28,140	3.15	0.0038
2022-10-27	2022-06-30	13F/A-1	DEUTSCHE BANK A G	NAMEN AKT	D18190898	3,121,352	2,376,964	319.32	27,280	189.69	0.0035
2022-08-15	2022-06-30	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	3,121,352	2,376,964		27,280		0.0007
2022-10-27	2022-03-31	13F/A-1	DEUTSCHE BANK A G	NAMEN AKT	D18190898	744,388	-1,568,003	-67.81	9,417	-67.42	0.0013
2022-05-13	2022-03-31	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	744,388	-1,568,003		9,417		0.0013
2022-02-14	2021-12-31	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	2,312,391	399,818	20.90	28,905	19.00	0.0036
2021-11-15	2021-09-30	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	1,912,573	1,045,529	120.59	24,290	114.16	0.0033
2021-08-23	2021-06-30	13F/A-1	DEUTSCHE BANK A G	NAMEN AKT	D18190898	867,044	-165,277	-16.01	11,342	-8.44	0.0015
2021-08-16	2021-06-30	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	867,044	-165,277		11,342		0.0003
2021-05-17	2021-03-31	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	1,032,321	104,395	11.25	12,388	22.47	0.0018
2021-02-16	2020-12-31	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	927,926	252,798	37.44	10,115	78.36	0.0016
2020-11-13	2020-09-30	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	675,128	-391,367	-36.70	5,671	-44.14	0.0011
2020-08-14	2020-06-30	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	1,066,495	235,075	28.27	10,153	90.20	0.0022
2020-05-26	2020-03-31	13F/A-1	DEUTSCHE BANK A G	NAMEN AKT	D18190898	831,420	-501,965	-37.65	5,338	-48.54	0.0015
2020-05-15	2020-03-31	13F	DEUTSCHE BANK A G	NAMEN AKT	D18190898	831,420	-501,965		5,338		410.0697
2020-02-14	2019-12-31	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	1,333,385	-375,815	-21.99	10,374	-19.07	0.0024
2019-11-14	2019-09-30	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	1,709,200	-1,846,537	-51.93	12,818	-52.75	0.0034
2019-08-14	2019-06-30	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	3,555,737	3,527,540	12,510.34	27,130	3,726.52	0.0072
2019-05-15	2019-03-31	13F	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	28,197	-1,930	-6.41	709	3.50	0.0002
2019-05-15	2019-03-31	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	1,417,999	212,189		11,514		0.0033
2019-02-14	2018-12-31	13F	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	30,127	-1,248,478	-97.64	685	-95.28	0.0002
2019-02-14	2018-12-31	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	1,205,810	1,176,866		9,827		0.0029
2019-04-23	2018-09-30	13F/A-2	DEUTSCHE BANK	NAMEN AKT	D18190898	1,278,605	645,632	102.00	14,525	116.08	0.0036
2019-04-23	2018-09-30	13F/A-2	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	28,944	-990		700		0.0002
2018-11-20	2018-09-30	13F/A-1	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	28,944	0		700		0.0002
2018-11-20	2018-09-30	13F/A-1	DEUTSCHE BANK	NAMEN AKT	D18190898	1,278,605	1,249,661		14,525		0.0036
2018-11-14	2018-09-30	13F	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	28,944	-1,249,661		700
2018-11-14	2018-09-30	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	1,278,605	1,278,321		14,525
2019-04-23	2018-06-30	13F/A-1	DEUTSCHE BANK	NAMEN AKT	D18190898	632,973	632,689	222,777.82	6,722	83,925.00	0.0018
2019-04-23	2018-06-30	13F/A-1	DEUTSCHE BK AG LONDON	ELE MORN TTL22	25153Q708	284	-632,689		9		0.0000
2019-04-23	2018-06-30	13F/A-1	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	29,934	-1,081,826		669		0.0002
2018-08-14	2018-06-30	13F	DEUTSCHE BK AG LONDON	ELE MORN TTL22	25153Q708	284	-29,650		9
2018-08-14	2018-06-30	13F	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	29,934	-603,039		669
2018-08-14	2018-06-30	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	632,973	632,689		6,722
2019-04-23	2018-03-31	13F/A-1	DEUTSCHE BK AG LONDON	ELE MORN TTL22	25153Q708	284	0	0.00	8	-11.11	0.0000
2019-04-23	2018-03-31	13F/A-1	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	33,452	33,168		720		0.0002
2019-04-23	2018-03-31	13F/A-1	DEUTSCHE BANK	NAMEN AKT	D18190898	1,111,760	-113,278		15,542		0.0043
2018-05-14	2018-03-31	13F	DEUTSCHE BK AG LONDON	ELE MORN TTL22	25153Q708	284	-33,168		8
2018-05-14	2018-03-31	13F	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	33,452	-1,078,308		720
2018-05-14	2018-03-31	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	1,111,760	1,111,476		15,542
2019-04-23	2017-12-31	13F/A-1	DEUTSCHE BK AG LONDON	ELE MORN TTL22	25153Q708	284	0	0.00	9	12.50	0.0000
2019-04-23	2017-12-31	13F/A-1	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	30,401	30,117		776		0.0002
2019-04-23	2017-12-31	13F/A-1	DEUTSCHE BANK	NAMEN AKT	D18190898	1,225,038	-439,476		23,312		0.0064
2018-02-14	2017-12-31	13F	DEUTSCHE BK AG LONDON	ELE MORN TTL22	25153Q708	284	-30,117		9
2018-02-14	2017-12-31	13F	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	30,401	-1,194,637		776
2018-02-14	2017-12-31	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	1,225,038	1,224,754		23,312
2017-11-14	2017-09-30	13F	DEUTSCHE BK AG LONDON	ELE MORN TTL22	25153Q708	284	0	0.00	8	0.00	0.0000
2017-11-14	2017-09-30	13F	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	34,097	33,813		706		0.0002
2017-11-14	2017-09-30	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	1,664,514	373,995		28,762		0.0086
2017-08-11	2017-06-30	13F	DEUTSCHE BK AG LONDON	ELE MORN TTL22	25153Q708	284	0	0.00	8	0.00	0.0000
2017-08-11	2017-06-30	13F	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	31,378	31,094		597		0.0002
2017-08-11	2017-06-30	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	1,290,519	332,417		22,958		0.0069
2017-05-22	2017-03-31	13F/A-1	DEUTSCHE BK AG LONDON	ELE MORN TTL22	25153Q708	284	0	0.00	8	14.29	0.0000
2017-05-22	2017-03-31	13F/A-1	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	30,892	30,608		618		0.0002
2017-05-22	2017-03-31	13F/A-1	DEUTSCHE BK	RIGHT 04/06/2017	D1T769565	607,966	577,074		1,435		0.0004
2017-05-22	2017-03-31	13F/A-1	DEUTSCHE BANK	NAMEN AKT	D18190898	958,102	-269,122		16,441		0.0051
2017-05-12	2017-03-31	13F	DEUTSCHE BK AG LONDON	ELE MORN TTL22	25153Q708	284			8
2017-05-12	2017-03-31	13F	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	30,892			618
2017-05-12	2017-03-31	13F	DEUTSCHE BK	RIGHT 04/06/2017	D1T769565	607,966			1,435
2017-05-12	2017-03-31	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	958,102			16,441
2017-02-22	2016-12-31	13F/A-1	DEUTSCHE BK AG LONDON	ELE MORN TTL22	25153Q708	284	0	0.00	7	0.00	0.0000
2017-02-22	2016-12-31	13F/A-1	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	40,496	40,212		750		0.0002
2017-02-22	2016-12-31	13F/A-1	DEUTSCHE BANK	NAMEN AKT	D18190898	1,227,224	127,087		22,213		0.0073
2017-02-13	2016-12-31	13F	DEUTSCHE BK AG LONDON	ELE MORN TTL22	25153Q708	284			7
2017-02-13	2016-12-31	13F	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	40,496			750
2017-02-13	2016-12-31	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	1,227,224			22,213
2016-11-10	2016-09-30	13F	DEUTSCHE BK AG LONDON	ELE MORN TTL22	25153Q708	284	0	0.00	7	0.00	0.0000
2016-11-10	2016-09-30	13F	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	32,807	32,523		595		0.0002
2016-11-10	2016-09-30	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	1,100,137	274,052		14,401		0.0049
2016-08-12	2016-06-30	13F	DEUTSCHE BK AG LONDON	ELE MORN TTL22	25153Q708	284	-42,872	-99.34	7	-99.11	0.0000
2016-08-12	2016-06-30	13F	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	35,240	34,956		650		0.0002
2016-08-12	2016-06-30	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	826,085	-296,415		11,342		0.0041
2016-05-12	2016-03-31	13F	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	43,156	42,939	19,787.56	790	19,650.00	0.0003
2016-05-12	2016-03-31	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	1,122,500	508,198		19,015		0.0073
2016-02-09	2015-12-31	13F	DEUTSCHE BK AG LONDON	ELE MORN TTL22	25153Q708	217	-832,476	-99.97	4	-99.98	0.0000
2016-02-09	2015-12-31	13F	DEUTSCHE BK AG LONDON	ETN DJ HY 2022	25153Q658	36,261	36,044		563		0.0002
2016-02-09	2015-12-31	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	614,302	-218,391		14,835		0.0054
2016-02-08	2015-09-30	13F/A-1	DEUTSCHE BANK	NAMEN AKT	D18190898	832,693	62,229	8.08	22,449	-3.40	0.0083
2015-11-09	2015-09-30	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	832,693			22,449
2015-08-12	2015-06-30	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	770,464	-14,953	-1.90	23,238	-14.81	0.0081
2015-05-14	2015-03-31	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	785,417	251,508	47.11	27,277	70.18	0.0100
2015-02-13	2014-12-31	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	533,909	107,270	25.14	16,028	7.77	0.0059
2014-12-16	2014-09-30	13F/A-1	DEUTSCHE BANK	NAMEN AKT	D18190898	426,639	-15,446	-3.49	14,872	-4.38	0.0057
2014-11-14	2014-09-30	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	426,639			14,872
2014-08-12	2014-06-30	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	442,085	85,202	23.87	15,553	-2.79	0.0266
2014-08-12	2014-06-30	13F	DEUTSCHE BK	RIGHT 06/24/2014	D17698107	143,527	-213,356		277		0.0005
2014-05-13	2014-03-31	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	356,883	139,809	64.41	15,999	52.79	0.0067
2014-02-13	2013-12-31	13F	DEUTSCHE BANK	NAMEN AKT	D18190898	217,074	-767	-0.35	10,471	4.76	0.0045
2013-11-13	2013-09-30	13F	DEUTSCHE BANK AG COM	COM	D18190898	217,841	-97,716	-30.97	9,995	-24.50	0.0047
2013-08-08	2013-06-30	13F	DEUTSCHE BANK AG COM	COM	D18190898	315,557	315,557		13,238		0.0067

Legend

Shares: The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value: The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price: The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class: This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred

Allocation (%): The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation: The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%): The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis: The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss: This is the market value of the position as of the effective date minus the cost basis.