Deutsche Bank Boosts Stakes in AI Application Software Names in Q3: Three Cloud Giants Get Additions, Palantir (PLTR.US) and Salesforce (CRM.US) Also Favored

Stock News
11/09

According to a filing with the U.S. Securities and Exchange Commission (SEC), Deutsche Bank (DB.US) submitted its third-quarter 13F holdings report for the period ended September 30, 2026.

Deutsche Bank's total holdings value in the third quarter reached $362 billion, up from $344 billion in the prior quarter, a quarter-over-quarter increase of 5.23%.

In its third-quarter portfolio, Deutsche Bank added 108 new positions and increased its stakes in 1,150 stocks. At the same time, it reduced holdings in 2,213 stocks and liquidated 186 positions entirely. Its top ten holdings accounted for 28.29% of total portfolio value.

Among the top ten holdings: NVIDIA Corp (NVDA.US) ranked first, with 91.462 million shares held, a market value of approximately $20.888 billion, representing 5.76% of the portfolio (up from 5.34% last quarter).

Microsoft Corp (MSFT.US) ranked second, with 34.796 million shares held, a market value of approximately $17.847 billion, representing 4.93% of the portfolio (up from 3.53% last quarter).

Apple Inc (AAPL.US) ranked third, with 46.431 million shares held, a market value of approximately $15.462 billion, representing 4.27% of the portfolio (up from 3.97% last quarter).

Alphabet Inc Class A (GOOGL.US) ranked fourth, with 30.959 million shares held, a market value of approximately $10.65 billion, representing 2.94% of the portfolio (down from 3.17% last quarter).

Amazon.com Inc (AMZN.US) ranked fifth, with 36.806 million shares held, a market value of approximately $9.17 billion, representing 2.53% of the portfolio (up from 2.44% last quarter).

Alphabet Inc Class C (GOOG.US), Meta Platforms Inc (META.US), Advanced Micro Devices Inc (AMD.US), Micron Technology Inc (MU.US) and Broadcom Inc (AVGO.US) ranked sixth through tenth, respectively.

In terms of changes in portfolio weighting, the top five buys were: Microsoft Corp (MSFT.US), Advanced Micro Devices Inc (AMD.US), Palantir Technologies Inc (PLTR.US), CrowdStrike Holdings Inc (CRWD.US) and Salesforce.com Inc (CRM.US).

The top five sells were: Applied Materials Inc (AMAT.US), Intel Corp (INTC.US), AstraZeneca PLC (AZN.US), Seagate Technology Holdings PLC (STX.US) and Johnson & Johnson (JNJ.US).

In terms of sector preference, IT, financials and communication services-related stocks ranked in the top three, accounting for 31.16%, 13.31% and 9.73% of total holdings, respectively.

It is worth noting that, in addition to the major buy targets above, Deutsche Bank also added to positions in AI value-chain downstream cloud service companies such as Palo Alto Networks Inc (PANW.US) and Arista Networks Inc (ANET.US) in the third quarter.

On the sell side, Deutsche Bank offloaded some major AI chip hardware stocks, including NVIDIA Corp (NVDA.US), Intel Corp (INTC.US), Applied Materials Inc (AMAT.US), Cisco Systems Inc (CSCO.US), Seagate Technology Holdings PLC (STX.US) and SanDisk Corp (SNDK.US).

In addition, Deutsche Bank reduced its holdings of its own shares by 10.5 million shares, with the position weighting falling from 0.75% to 0.66%.

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