---
title: "Deutsche Bank’s $307.09B Q4 2025 Build: A Relentless Mega-Cap Engine Led by NVDA and MSFT"
type: research
slug: deutsche-bank-q4-2025-307b-megacap-engine
canonical_url: https://13finsight.com/research/deutsche-bank-q4-2025-307b-megacap-engine
published_at: 2026-03-22T17:10:02.303Z
updated_at: 2026-03-23T07:00:22.137Z
author: Alex Rivera
author_title: Breaking News Editor
author_url: https://13finsight.com/authors/alex-rivera
word_count: 396
locale: en
source: 13F Insight
---

# Deutsche Bank’s $307.09B Q4 2025 Build: A Relentless Mega-Cap Engine Led by NVDA and MSFT

> Deutsche Bank AG reached $307.09B in Q4 2025 13F assets, with NVDA and MSFT at the top of a broad mega-cap stack and a three-quarter acceleration in AUM.

Deutsche Bank AG closed Q4 2025 with $307.09B in canonical 13F assets, and the pacing is the key signal: after a mild early-2025 dip, assets climbed for three straight quarters while top exposure stayed distributed across multiple mega-cap leaders. TL;DR Scale: canonical 13F AUM is $307.09B with 500 positions. Top holding: NVDA at $16.87B (5.96%). Core stack: MSFT, AAPL, GOOGL, and AMZN form the upper tier. Concentration: top-5 is about 21.8%; top-10 is 29.9%. Trend: AUM rises from $215.43B (’24 Q1) to $307.09B (’25 Q4). Breadth: history holdings count climbs to 14,050 by Q4 2025. Interpretation: this is a large, growth-led, multi-name engine rather than a single-theme concentration trade. Filing Snapshot: Q4 2025 Filer: DEUTSCHE BANK AG. Canonical AUM is $307.09B, holdings value sum is $283.22B, and WhaleScore is 67.75. The distribution profile indicates significant technology participation without collapsing risk into one dominant line. Growth Tilt, Controlled Concentration Top exposures across NVDA, MSFT, AAPL, GOOGL, and AMZN show a clear mega-cap growth tilt. But unlike highly concentrated books, the weight ladder declines progressively, which helps reduce single-position fragility. As with other very large filers, interpretation should prioritize sizing and concentration behavior over row-level status labels. 2025 Acceleration Was Broad-Based The series moves from $252.35B in ’25 Q1 to $271.58B, then $298.44B, and finally $307.09B in ’25 Q4. The simultaneous increase in holdings breadth to 14,050 suggests scaling through broad exposure buildout, not a narrow tactical surge. What to Monitor in 2026 If top-5 concentration stays near the low-20% range while AUM remains above $300B, Deutsche Bank likely keeps this diversified growth posture. A sharp jump in top-line weights would signal a more aggressive risk regime shift. For cross-filer context, see Marshall Wace’s concentrated IVV anchor and Northwestern Mutual’s ETF-core framework. Q&A What is Deutsche Bank AG’s 13F AUM in Q4 2025? The canonical 13F AUM is $307.09B for quarter 2025Q4. Which holdings are largest in Deutsche Bank’s Q4 filing? The top disclosed holdings include NVDA, MSFT, and AAPL. How concentrated is Deutsche Bank’s top book? Top-5 concentration is about 21.8% and top-10 is about 29.9%. Did AUM growth accelerate through 2025? Yes. After Q1 2025, AUM increased for three consecutive quarters to finish at $307.09B. How should readers handle “NEW position” labels for this filer? Those labels can be artifacts in large-filer extracts, so the more dependable signal is the portfolio’s concentration and cross-quarter allocation trend.

## FAQ

### What is Deutsche Bank AG's Q4 2025 13F AUM?

Deutsche Bank AG reports canonical 13F AUM of $307.09B in quarter 2025Q4.

### What is Deutsche Bank AG's largest holding in Q4 2025?

NVDA is the largest disclosed holding at $16.87B, representing 5.96% of holdings value.

### How concentrated is Deutsche Bank's portfolio?

Top-5 concentration is about 21.8%, and top-10 concentration is about 29.9%.

### How did Deutsche Bank's AUM change across 2025?

AUM moved from $252.35B in 2025Q1 to $271.58B, then $298.44B, and finally $307.09B in 2025Q4.

### Are 'NEW position' labels reliable as true fresh buys for large filers?

Not always. For large filers they can be technical artifacts, so readers should prioritize concentration and trend analysis.

---

Source: 13F Insight — https://13finsight.com/research/deutsche-bank-q4-2025-307b-megacap-engine
Author: Alex Rivera — https://13finsight.com/authors/alex-rivera
Last updated: 2026-03-23T07:00:22.137Z