SecurityMOV / Movado Group, Inc.
InstitutionDeutsche Bank Ag\
Shares236,773
Value $ 9,090,000
Related MOVAA / Movado Group, Inc.

Deutsche Bank Ag\ reports 18.93% decrease in ownership of MOV / Movado Group, Inc.

May 15, 2018 - Deutsche Bank Ag\ has filed a 13F-HR form disclosing ownership of 236,773 shares of Movado Group, Inc. (NYSE:MOV) with total holdings valued at $9,090,000 USD as of March 31, 2018. Deutsche Bank Ag\ had filed a previous 13F-HR on February 14, 2018 disclosing 292,072 shares of Movado Group, Inc. at a value of $9,402,000 USD. This represents a change in shares of -18.93 percent and a change in value of -3.32 percent during the quarter.

Other investors with positions similar to Deutsche Bank Ag\ include Bank of New York Mellon Corp, Geode Capital Management, Llc, Ameriprise Financial Inc, Prudential Financial Inc, Driehaus Capital Management Llc, and Ariel Investments, Llc.

Movado Group, Inc. has declared a standard industrial code (sic) of 3873 which is the "Watches, Clocks, Clockwork Operated Devices, and Parts" industry. Deutsche Bank Ag\'s top industries are "Fishing hunting and trapping" (sic 09), "Forestry" (sic 08), and "Legal Services" (sic 81).

13F Filings

The Security, Class, and CUSIP columns 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 and cusips.

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.

Effective
Date
Form Security Class CUSIP Share
Price
Shares Change
(%)
Value
(x1000)
Change
(%)
Cost
(x1000)
Profit
(x1000)
Return
(%)
2018-03-31 13F-HR MOVADO GROUP COM 624580106 35.29 236,773 -18.93 9,090 -3.32 -1,952 1,640 17.44
2017-12-31 13F-HR MOVADO GROUP COM 624580106 30.09 292,072 -5.22 9,402 9.00 -484 1,260 14.61
2017-09-30 13F-HR MOVADO GROUP COM 624580106 26.62 308,151 -11.58 8,626 -1.93 -1,074 904 10.28
2017-06-30 13F-HR MOVADO GROUP COM 624580106 25.09 348,500 12.54 8,796 13.88 974 98 1.26
2017-03-31 13F-HR MOVADO GROUP COM 624580106 26.84 309,669 -0.33 7,724 -13.51 -28 -1,179 -13.20
2016-12-31 13F-HR MOVADO GROUP COM 624580106 25.11 310,703 2.51 8,931 37.25 191 2,233 34.32
2016-09-30 13F-HR MOVADO GROUP COM 624580106 21.57 303,095 -6.95 6,507 -7.83 -488 -65 -0.92
2016-06-30 13F-HR MOVADO GROUP COM 624580106 24.59 325,719 363.29 7,060 265.05 6,281 -1,155 -59.72
2016-03-31 13F-HR MOVADO GROUP COM 624580106 26.58 70,306 39.12 1,934 49.23 525 113 8.69
2015-12-31 13F-HR MOVADO GROUP COM 624580106 25.71 50,537 -9.89 1,296 -10.31 -143 -6 -0.45
2015-09-30 13F-HR MOVADO GROUP COM 624580106 26.45 56,082 -32.38 1,445 -35.78 -710 -95 -4.21
2015-06-30 13F-HR MOVADO GROUP COM 624580106 27.81 82,940 3.87 2,250 -1.10 86 -111 -4.87
2015-03-31 13F-HR MOVADO GROUP COM 624580106 28.40 79,851 64.77 2,275 65.82 892 11 0.84
2014-12-31 13F-HR MOVADO GROUP COM 624580106 30.63 48,461 61.95 1,372 39.15 568 -182 -18.44
2014-09-30 13F-HR MOVADO GROUP COM 624580106 37.29 29,923 -23.25 986 -39.25 -338 -299 -18.42
2014-06-30 13F-HR MOVADO GROUP COM 624580106 43.58 38,989 -30.84 1,623 -36.77 -758 -186 -7.26
2014-03-31 13F-HR MOVADO GROUP COM 624580106 56,376 2,567


CUSIP: 624580106