CAUSEWAY CAPITAL MANAGEMENT LLC: DEUTSCHE BK AG (DB): Quarterly 13F Position History
As of Q1 2026, CAUSEWAY CAPITAL MANAGEMENT LLC reported 24,962,034 shares of DEUTSCHE BK AG (DB), worth $723.3M and representing 8.9% of its 13F equity book. Quarter-over-quarter share count change: + 10,767,680 (+75.9%) . The position first appeared in Q1 2025 and has been disclosed across 5 13F-HR filings in Pactolio's tracked window.
- 24,962,034Shares Held (Latest Filing)
- $723.3MReported Market Value (Latest Filing)
- 8.9%Portfolio Weight (% of 13F Equity Book)
- +10,767,680Quarter-over-Quarter Share Change
- +$171.7MQuarter-over-Quarter Value Change
- 24,962,034Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 5 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 24,962,034 | +10,767,680 | +75.9% | $723.3M | 8.9% | $29.0 |
| Q4 2025 | 14,194,354 | 3,424,411 | -19.4% | $551.7M | 7.6% | $38.9 |
| Q3 2025 | 17,618,765 | 1,696,378 | -8.8% | $620.2M | 8.2% | $35.2 |
| Q2 2025 | 19,315,143 | +17,801,643 | +1176.2% | $570.4M | 9.0% | $29.5 |
| Q1 2025 | 1,513,500 | — | — | $36.1M | 0.8% | $23.8 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did CAUSEWAY CAPITAL MANAGEMENT LLC first disclose a DB position in 13F-HR filings?
CAUSEWAY CAPITAL MANAGEMENT LLC first reported DEUTSCHE BK AG (DB) on its 13F-HR filing for the period ending 2025-03-31 (Q1 2025). The position has appeared on 5 reported quarters within Pactolio's tracked window.
What was CAUSEWAY CAPITAL MANAGEMENT LLC's most recent quarter-over-quarter share-count change in DB?
Between Q4 2025 and Q1 2026, CAUSEWAY CAPITAL MANAGEMENT LLC added 10,767,680 shares of DB (+75.9%), bringing the total reported position to 24,962,034 shares at a market value of $723.3M.
Does the implied price-per-share represent CAUSEWAY CAPITAL MANAGEMENT LLC's cost basis in DB?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.