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Form NPORT-P DEUTSCHE DWS VARIABLE For: Mar 31

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StreetInsider.com Top Tickers, 4/24/2024

1. TSLA
2. ENPH
3. TXN
4. SPOT
5. BA
6. META
7. V
8. IBM
9. KMB
10. FI


May 24, 2022 11:16 AM EDT 

  
    NPORT-P
    false
    
      
      
        
          0000764797
          XXXXXXXX
        
      
      
      
      
        S000006245
        C000017181
        C000017180
      
      
      
    
  
  
    
      DEUTSCHE DWS VARIABLE SERIES I
      811-04257
      0000764797
      U1G8JTC14F115MRJOJ63
      875 Third Avenue
      NEW YORK
      
      10022-6225
      212-454-4500
      DWS Capital Growth VIP
      S000006245
      MEQ3M8POONZM1IILW734
      2022-12-31
      2022-03-31
      N
    
    
      1110215099.01
      30509785.59
      1079705313.42
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      
        
        
        
      
      N
      
        
          
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        Charles River Laboratories International Inc
        549300BSQ0R4UZ5KX287
        Charles River Laboratories International Inc
        159864107
        
          
        
        28330.00000000
        NS
        USD
        8044870.10000000
        0.745098685725
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        salesforce.com Inc
        RCGZFPDMRW58VJ54VR07
        salesforce.com Inc
        79466L302
        
          
        
        65100.00000000
        NS
        USD
        13822032.00000000
        1.280167081536
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Intuit Inc
        VI90HBPH7XSFMB9E4M29
        Intuit Inc
        461202103
        
          
        
        27497.00000000
        NS
        USD
        13221657.48000000
        1.224561675826
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Dynatrace Inc
        N/A
        Dynatrace Inc
        268150109
        
          
        
        119638.00000000
        NS
        USD
        5634949.80000000
        0.521897014857
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Dollar General Corp
        OPX52SQVOZI8IVSWYU66
        Dollar General Corp
        256677105
        
          
        
        26755.00000000
        NS
        USD
        5956465.65000000
        0.551675126163
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        DWS
        5493003GD84DGSXJ7618
        DWS Central Cash Management Government Fund
        25160K306
        
          
        
        4902957.23000000
        NS
        USD
        4902957.23000000
        0.454101426478
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AMETEK Inc
        549300WZDEF9KKE40E98
        AMETEK Inc
        031100100
        
          
        
        116824.00000000
        NS
        USD
        15558620.32000000
        1.441006182577
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Progressive Corp/The
        529900TACNVLY9DCR586
        Progressive Corp/The
        743315103
        
          
        
        256066.00000000
        NS
        USD
        29188963.34000000
        2.703419440212
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Trex Co Inc
        N/A
        Trex Co Inc
        89531P105
        
          
        
        61566.00000000
        NS
        USD
        4022106.78000000
        0.372518939196
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        McDonald's Corp
        UE2136O97NLB5BYP9H04
        McDonald's Corp
        580135101
        
          
        
        25124.00000000
        NS
        USD
        6212662.72000000
        0.575403551578
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Exact Sciences Corp
        549300VM3X1FYD4N9Z14
        Exact Sciences Corp
        30063P105
        
          
        
        46823.00000000
        NS
        USD
        3273864.16000000
        0.303218305894
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        DWS
        N/A
        DWS Government & Agency Securities Portfolio DWS Government Cash Institutional Shares
        147539670
        
          
        
        25854575.00000000
        NS
        USD
        25854575.00000000
        2.394595514039
        Long
        STIV
        RF
        US
        N
        
        1
        
          
          N
          N
        
      
      
        agilon health Inc
        N/A
        agilon health Inc
        00857U107
        
          
        
        220271.00000000
        NS
        USD
        5583869.85000000
        0.517166098989
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        SiteOne Landscape Supply Inc
        5299008LX7SBD4HIAU03
        SiteOne Landscape Supply Inc
        82982L103
        
          
        
        18343.00000000
        NS
        USD
        2965879.67000000
        0.274693440250
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Thermo Fisher Scientific Inc
        HCHV7422L5HDJZCRFL38
        Thermo Fisher Scientific Inc
        883556102
        
          
        
        60834.00000000
        NS
        USD
        35931602.10000000
        3.327908240646
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Costco Wholesale Corp
        29DX7H14B9S6O3FD6V18
        Costco Wholesale Corp
        22160K105
        
          
        
        29106.00000000
        NS
        USD
        16760690.10000000
        1.552339318115
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cloudflare Inc
        5493007DY18BGNLDWU14
        Cloudflare Inc
        18915M107
        
          
        
        47913.00000000
        NS
        USD
        5735186.10000000
        0.531180686870
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Planet Fitness Inc
        549300LLE5HUPF6H8G33
        Planet Fitness Inc
        72703H101
        
          
        
        73104.00000000
        NS
        USD
        6175825.92000000
        0.571991805841
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Uber Technologies Inc
        549300B2FTG34FILDR98
        Uber Technologies Inc
        90353T100
        
          
        
        109598.00000000
        NS
        USD
        3910456.64000000
        0.362178141701
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NIKE Inc
        787RXPR0UX0O0XUXPZ81
        NIKE Inc
        654106103
        
          
        
        50333.00000000
        NS
        USD
        6772808.48000000
        0.627283055461
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Burlington Stores Inc
        5299003Z37DVGKKC1W09
        Burlington Stores Inc
        122017106
        
          
        
        15852.00000000
        NS
        USD
        2887758.84000000
        0.267458055833
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Spotify Technology SA
        549300B4X0JHWV0DTD60
        Spotify Technology SA
        000000000
        
          
        
        43889.00000000
        NS
        USD
        6628116.78000000
        0.613882019252
        Long
        EC
        CORP
        LU
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Advanced Micro Devices Inc
        R2I72C950HOYXII45366
        Advanced Micro Devices Inc
        007903107
        
          
        
        108834.00000000
        NS
        USD
        11899909.56000000
        1.102144206580
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Vulcan Materials Co
        549300Q8LSNHAVWBNI21
        Vulcan Materials Co
        929160109
        
          
        
        34219.00000000
        NS
        USD
        6286030.30000000
        0.582198700133
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        PayPal Holdings Inc
        5493005X2GO78EFZ3E94
        PayPal Holdings Inc
        70450Y103
        
          
        
        42234.00000000
        NS
        USD
        4884362.10000000
        0.452379185254
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Alphabet Inc
        5493006MHB84DD0ZWV18
        Alphabet Inc
        02079K305
        
          
        
        10276.00000000
        NS
        USD
        28581152.60000000
        2.647125307688
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Estee Lauder Cos Inc/The
        549300VFZ8XJ9NUPU221
        Estee Lauder Cos Inc/The
        518439104
        
          
        
        23434.00000000
        NS
        USD
        6381546.88000000
        0.591045241760
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Prologis Inc
        529900DFH19P073LZ636
        Prologis Inc
        74340W103
        
          
        
        68825.00000000
        NS
        USD
        11113861.00000000
        1.029342067864
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Visa Inc
        549300JZ4OKEHW3DPJ59
        Visa Inc
        92826C839
        
          
        
        63217.00000000
        NS
        USD
        14019634.09000000
        1.298468565056
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Zoetis Inc
        549300HD9Q1LOC9KLJ48
        Zoetis Inc
        98978V103
        
          
        
        71300.00000000
        NS
        USD
        13446467.00000000
        1.245383053400
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Avalara Inc
        549300Q16CMW239SS315
        Avalara Inc
        05338G106
        
          
        
        39843.00000000
        NS
        USD
        3964776.93000000
        0.367209170939
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Generac Holdings Inc
        529900S2H2AHJHSFFI84
        Generac Holdings Inc
        368736104
        
          
        
        34170.00000000
        NS
        USD
        10157374.20000000
        0.940754303396
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Norfolk Southern Corp
        54930036C8MWP850MI84
        Norfolk Southern Corp
        655844108
        
          
        
        26358.00000000
        NS
        USD
        7517828.76000000
        0.696285242515
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Microsoft Corp
        INR2EJN1ERAN0W5ZP974
        Microsoft Corp
        594918104
        
          
        
        354532.00000000
        NS
        USD
        109305760.92000000
        10.12366611161
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Intercontinental Exchange Inc
        5493000F4ZO33MV32P92
        Intercontinental Exchange Inc
        45866F104
        
          
        
        125619.00000000
        NS
        USD
        16596782.28000000
        1.537158525915
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Applied Materials Inc
        41BNNE1AFPNAZELZ6K07
        Applied Materials Inc
        038222105
        
          
        
        91316.00000000
        NS
        USD
        12035448.80000000
        1.114697561492
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NVIDIA Corp
        549300S4KLFTLO7GSQ80
        NVIDIA Corp
        67066G104
        
          
        
        147908.00000000
        NS
        USD
        40358176.88000000
        3.737888142104
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Adobe Inc
        FU4LY2G4933NH2E1CP29
        Adobe Inc
        00724F101
        
          
        
        41390.00000000
        NS
        USD
        18858111.80000000
        1.746598036112
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Alphabet Inc
        5493006MHB84DD0ZWV18
        Alphabet Inc
        02079K107
        
          
        
        11012.00000000
        NS
        USD
        30756405.88000000
        2.848592620386
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Walt Disney Co/The
        549300GZKULIZ0WOW665
        Walt Disney Co/The
        254687106
        
          
        
        50793.00000000
        NS
        USD
        6966767.88000000
        0.645247160813
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TransUnion
        549300ZS772LUNUMRB03
        TransUnion
        89400J107
        
          
        
        152016.00000000
        NS
        USD
        15709333.44000000
        1.454964909845
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        RingCentral Inc
        549300C8EH0H1614VE84
        RingCentral Inc
        76680R206
        
          
        
        10014.00000000
        NS
        USD
        1173740.94000000
        0.108709378884
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Activision Blizzard Inc
        549300TPQQDBP9GNOF40
        Activision Blizzard Inc
        00507V109
        
          
        
        122135.00000000
        NS
        USD
        9784234.85000000
        0.906194933783
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TransDigm Group Inc
        N/A
        TransDigm Group Inc
        893641100
        
          
        
        6226.00000000
        NS
        USD
        4056488.04000000
        0.375703258063
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Netflix Inc
        549300Y7VHGU0I7CE873
        Netflix Inc
        64110L106
        
          
        
        24145.00000000
        NS
        USD
        9044475.55000000
        0.837680007459
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Intuitive Surgical Inc
        54930052SRG011710797
        Intuitive Surgical Inc
        46120E602
        
          
        
        27269.00000000
        NS
        USD
        8226511.92000000
        0.761921963127
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Mastercard Inc
        AR5L2ODV9HN37376R084
        Mastercard Inc
        57636Q104
        
          
        
        67350.00000000
        NS
        USD
        24069543.00000000
        2.229269662826
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SoFi Technologies Inc
        549300SW81JCMVZDDY09
        SoFi Technologies Inc
        83406F102
        
          
        
        399461.00000000
        NS
        USD
        3774906.45000000
        0.349623772623
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Home Depot Inc/The
        QEKMOTMBBKA8I816DO57
        Home Depot Inc/The
        437076102
        
          
        
        75001.00000000
        NS
        USD
        22450049.33000000
        2.079275618167
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Match Group Inc
        15OMOPB0A8K0EFUVD031
        Match Group Inc
        57667L107
        
          
        
        84340.00000000
        NS
        USD
        9171131.60000000
        0.849410620287
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ServiceNow Inc
        549300HJTQM36M0E1G39
        ServiceNow Inc
        81762P102
        
          
        
        30049.00000000
        NS
        USD
        16733987.61000000
        1.549866190525
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Dexcom Inc
        549300YSK3QDSFR5EU59
        Dexcom Inc
        252131107
        
          
        
        39547.00000000
        NS
        USD
        20232245.20000000
        1.873867336626
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Deere & Co
        PWFTNG3EI0Y73OXWDH08
        Deere & Co
        244199105
        
          
        
        14442.00000000
        NS
        USD
        6000073.32000000
        0.555713975417
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Analog Devices Inc
        GYVOE5EZ4GDAVTU4CQ61
        Analog Devices Inc
        032654105
        
          
        
        70189.00000000
        NS
        USD
        11593819.02000000
        1.073794754540
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Meta Platforms Inc
        BQ4BKCS1HXDV9HN80Z93
        Meta Platforms Inc
        30303M102
        
          
        
        35656.00000000
        NS
        USD
        7928468.16000000
        0.734317786664
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Lululemon Athletica Inc
        549300D9GZ4BMLDW5T40
        Lululemon Athletica Inc
        550021109
        
          
        
        24815.00000000
        NS
        USD
        9063182.45000000
        0.839412600581
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CarMax Inc
        N/A
        CarMax Inc
        143130102
        
          
        
        84705.00000000
        NS
        USD
        8172338.40000000
        0.756904527413
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Roper Technologies Inc
        54930003T4SXCIWVXY35
        Roper Technologies Inc
        776696106
        
          
        
        19062.00000000
        NS
        USD
        9001648.26000000
        0.833713435334
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MKS Instruments Inc
        549300KEQATBHAGVF505
        MKS Instruments Inc
        55306N104
        
          
        
        39352.00000000
        NS
        USD
        5902800.00000000
        0.546704728283
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Live Nation Entertainment Inc
        5493007B9BM9ZXJINO78
        Live Nation Entertainment Inc
        538034109
        
          
        
        80633.00000000
        NS
        USD
        9485666.12000000
        0.878542135719
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        DocuSign Inc
        549300Q7PVDWRZ39JG09
        DocuSign Inc
        256163106
        
          
        
        30792.00000000
        NS
        USD
        3298439.04000000
        0.305494378790
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Chegg Inc
        549300AKX7O8JG0O3G77
        Chegg Inc
        163092109
        
          
        
        103498.00000000
        NS
        USD
        3754907.44000000
        0.347771507033
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Verisk Analytics Inc
        549300I1YSWNIRKBWP67
        Verisk Analytics Inc
        92345Y106
        
          
        
        56356.00000000
        NS
        USD
        12095688.28000000
        1.120276813465
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Twilio Inc
        5493004W8TRGD63APX93
        Twilio Inc
        90138F102
        
          
        
        43266.00000000
        NS
        USD
        7130669.46000000
        0.660427375078
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Synopsys Inc
        QG7T915N9S0NY5UKNE63
        Synopsys Inc
        871607107
        
          
        
        49700.00000000
        NS
        USD
        16563519.00000000
        1.534077751968
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Apple Inc
        HWUPKR0MPOU8FGXBT394
        Apple Inc
        037833100
        
          
        
        678553.00000000
        NS
        USD
        118482139.33000000
        10.97356268023
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Danaher Corp
        S4BKK9OTCEWQ3YHPFM11
        Danaher Corp
        235851102
        
          
        
        72918.00000000
        NS
        USD
        21389036.94000000
        1.981006916808
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        T-Mobile US Inc
        549300QHIJYOHPACPG31
        T-Mobile US Inc
        872590104
        
          
        
        81980.00000000
        NS
        USD
        10522133.00000000
        0.974537484368
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Five9 Inc
        254900MXP6EWY0SFFR59
        Five9 Inc
        338307101
        
          
        
        49825.00000000
        NS
        USD
        5500680.00000000
        0.509461232766
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Equinix Inc
        549300EVUN2BTLJ3GT74
        Equinix Inc
        29444U700
        
          
        
        10536.00000000
        NS
        USD
        7813708.32000000
        0.723688975397
        Long
        EC
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cooper Cos Inc/The
        QJKMVPIGLH7530PCUE20
        Cooper Cos Inc/The
        216648402
        
          
        
        10983.00000000
        NS
        USD
        4586390.97000000
        0.424781735626
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Global Payments Inc
        549300NOMHGVQBX6S778
        Global Payments Inc
        37940X102
        
          
        
        74383.00000000
        NS
        USD
        10178569.72000000
        0.942717387187
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Amazon.com Inc
        ZXTILKJKG63JELOEG630
        Amazon.com Inc
        023135106
        
          
        
        16707.00000000
        NS
        USD
        54463984.65000000
        5.044337929345
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Terminix Global Holdings Inc
        549300GS10644JGL8R77
        Terminix Global Holdings Inc
        88087E100
        
          
        
        200528.00000000
        NS
        USD
        9150092.64000000
        0.847462036749
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Hologic Inc
        549300DYP6F5ZJL0LB74
        Hologic Inc
        436440101
        
          
        
        178485.00000000
        NS
        USD
        13711217.70000000
        1.269903697757
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        American Express Co
        R4PP93JZOLY261QX3811
        American Express Co
        025816109
        
          
        
        39049.00000000
        NS
        USD
        7302163.00000000
        0.676310740462
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      2022-04-28
      DEUTSCHE DWS VARIABLE SERIES I
      Diane Kenneally
      Diane Kenneally
      Treasurer and Chief Financial Officer
    
  
  XXXX
Investment Portfolio as of March 31, 2022 (Unaudited)
DWS Capital Growth VIP
    Shares Value ($)
Common Stocks 98.9%  
Communication Services 11.9%  
Entertainment 3.9%  
Activision Blizzard, Inc.      122,135     9,784,235
Live Nation Entertainment, Inc.*       80,633     9,485,666
Netflix, Inc.*       24,145     9,044,475
Spotify Technology SA*       43,889     6,628,117
Walt Disney Co.*       50,793     6,966,768
      41,909,261
Interactive Media & Services 7.1%  
Alphabet, Inc. "A"*       10,276    28,581,152
Alphabet, Inc. "C"*       11,012    30,756,406
Match Group, Inc.*   84,340 9,171,132
Meta Platforms, Inc. "A"*   35,656 7,928,468
      76,437,158
Wireless Telecommunication Services 0.9%  
T-Mobile U.S., Inc.*   81,980 10,522,133
Consumer Discretionary 12.5%  
Diversified Consumer Services 1.2%  
Chegg, Inc.*   103,498 3,754,907
Terminix Global Holdings, Inc.*   200,528 9,150,093
      12,905,000
Hotels, Restaurants & Leisure 1.1%  
McDonald's Corp.   25,124 6,212,663
Planet Fitness, Inc. "A"*   73,104 6,175,826
      12,388,489
Internet & Direct Marketing Retail 5.0%  
Amazon.com, Inc.*   16,707 54,463,985
Multiline Retail 0.6%  
Dollar General Corp.   26,755 5,956,466
Specialty Retail 3.1%  
Burlington Stores, Inc.*   15,852 2,887,759
CarMax, Inc.*   84,705 8,172,338
Home Depot, Inc.   75,001 22,450,049
      33,510,146
Textiles, Apparel & Luxury Goods 1.5%  
Lululemon Athletica, Inc.*   24,815 9,063,182
NIKE, Inc. "B"   50,333 6,772,809
      15,835,991
Consumer Staples 2.1%  
Food & Staples Retailing 1.5%  
Costco Wholesale Corp.   29,106 16,760,690
Personal Products 0.6%  
Estee Lauder Companies, Inc. "A"       23,434     6,381,547
Financials 5.3%  
Capital Markets 1.6%  
Intercontinental Exchange, Inc.      125,619    16,596,782
Consumer Finance 1.0%  
American Express Co.       39,049     7,302,163
SoFi Technologies, Inc.* (a)      399,461     3,774,907
      11,077,070
Insurance 2.7%  
Progressive Corp.      256,066    29,188,963
Health Care 12.5%  
Biotechnology 0.3%  
Exact Sciences Corp.* (a)       46,823     3,273,864
Health Care Equipment & Supplies 4.3%  
DexCom, Inc.*   39,547 20,232,245
Hologic, Inc.*   178,485 13,711,218
Intuitive Surgical, Inc.*   27,269 8,226,512
The Cooper Companies, Inc.   10,983 4,586,391
      46,756,366
Health Care Providers & Services 0.5%  
agilon health, Inc.* (a)   220,271 5,583,870
Life Sciences Tools & Services 6.1%  
Charles River Laboratories International, Inc.*   28,330 8,044,870
Danaher Corp.   72,918 21,389,037
Thermo Fisher Scientific, Inc.   60,834 35,931,602
      65,365,509
Pharmaceuticals 1.3%  
Zoetis, Inc.   71,300 13,446,467
Industrials 8.4%  
Aerospace & Defense 0.4%  
TransDigm Group, Inc.*   6,226 4,056,488
Building Products 0.4%  
Trex Co., Inc.*   61,566 4,022,107
Electrical Equipment 2.4%  
AMETEK, Inc.   116,824 15,558,621
Generac Holdings, Inc.*   34,170 10,157,374
      25,715,995
Industrial Conglomerates 0.8%  
Roper Technologies, Inc.   19,062 9,001,648
Machinery 0.5%  
Deere & Co.   14,442 6,000,073
Professional Services 2.6%  
TransUnion      152,016    15,709,334
Verisk Analytics, Inc.       56,356    12,095,688
      27,805,022
Road & Rail 1.0%  
Norfolk Southern Corp.       26,358     7,517,829
Uber Technologies, Inc.*      109,598     3,910,456
      11,428,285
Trading Companies & Distributors 0.3%  
SiteOne Landscape Supply, Inc.*       18,343     2,965,880
Information Technology 43.8%  
IT Services 6.1%  
Cloudflare, Inc. "A"*       47,913     5,735,186
Global Payments, Inc.       74,383    10,178,570
Mastercard, Inc. "A"   67,350 24,069,543
PayPal Holdings, Inc.*   42,234 4,884,362
Twilio, Inc. "A"*   43,266 7,130,670
Visa, Inc. "A" (a)   63,217 14,019,634
      66,017,965
Semiconductors & Semiconductor Equipment 7.6%  
Advanced Micro Devices, Inc.*   108,834 11,899,909
Analog Devices, Inc.   70,189 11,593,819
Applied Materials, Inc.   91,316 12,035,449
MKS Instruments, Inc.   39,352 5,902,800
NVIDIA Corp.   147,908 40,358,177
      81,790,154
Software 19.1%  
Adobe, Inc.*   41,390 18,858,112
Avalara, Inc.*   39,843 3,964,777
DocuSign, Inc.*   30,792 3,298,439
Dynatrace, Inc.*   119,638 5,634,950
Five9, Inc.*   49,825 5,500,680
Intuit, Inc.   27,497 13,221,657
Microsoft Corp.   354,532 109,305,761
salesforce.com, Inc.*   65,100 13,822,032
ServiceNow, Inc.*   30,049 16,733,988
Synopsys, Inc.*   49,700 16,563,519
      206,903,915
Technology Hardware, Storage & Peripherals 11.0%  
Apple, Inc.   678,553 118,482,139
Materials 0.6%  
Construction Materials  
Vulcan Materials Co.   34,219 6,286,030
Real Estate 1.8%  
Equity Real Estate Investment Trusts (REITs)  
Equinix, Inc.   10,536 7,813,708
Prologis, Inc.   68,825 11,113,861
      18,927,569
Total Common Stocks (Cost $382,514,538) 1,067,763,027
Securities Lending Collateral 2.4%
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 0.23% (b) (c)
(Cost $25,854,575) 		  25,854,575    25,854,575
Cash Equivalents 0.5%
DWS Central Cash Management Government Fund, 0.28% (b) (Cost $4,902,957)    4,902,957     4,902,957
    % of
Net Assets 		Value ($)
Total Investment Portfolio (Cost $413,272,070)   101.8 1,098,520,559
Other Assets and Liabilities, Net   (1.8) (18,911,270)
Net Assets   100.0 1,079,609,289
For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.
A summary of the Fund’s transactions with affiliated investments during the period ended March 31, 2022 are as follows:
Value ($) at
12/31/2021 		Purchases
Cost ($) 		Sales
Proceeds ($) 		Net Realized
Gain/
(Loss) ($) 		Net Change in
Unrealized
Appreciation
(Depreciation) ($) 		Income ($) Capital Gain
Distributions ($) 		Number
of Shares
at
3/31/2022 		Value ($) at
3/31/2022
Securities Lending Collateral 2.4%
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 0.23% (b) (c)
33,665,520 — 7,810,945 (d) — — 5,266 — 25,854,575 25,854,575
Cash Equivalents 0.5%
DWS Central Cash Management Government Fund, 0.28% (b)
12,375,306 24,687,160 32,159,509 — — 929 — 4,902,957 4,902,957
46,040,826 24,687,160 39,970,454 — — 6,195 — 30,757,532 30,757,532
* Non-income producing security.
(a) All or a portion of these securities were on loan. In addition, "Other Assets and Liabilities, Net" may include pending sales that are also on loan. The value of securities loaned at March 31, 2022 amounted to $25,061,887, which is 2.3% of net assets.
(b) Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end.
(c) Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates.
(d) Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period ended March 31, 2022.
Fair Value Measurements
Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
The following is a summary of the inputs used as of March 31, 2022 in valuing the Fund's investments.
Assets Level 1 Level 2 Level 3 Total
Common Stocks (a) $1,067,763,027 $— $— $1,067,763,027
Short-Term Investments (a) 30,757,532 — — 30,757,532
Total $1,098,520,559 $— $— $1,098,520,559
(a) See Investment Portfolio for additional detailed categorizations.
OBTAIN AN OPEN-END FUND PROSPECTUS
To obtain a summary prospectus, if available, or prospectus, download one from fundsus.dws.com, talk to your financial representative or call (800) 728-3337. We advise you to carefully consider the product's objectives, risks, charges and expenses before investing. The summary prospectus and prospectus contain this and other important information about the investment product. Please read the prospectus carefully before you invest.
CLOSED-END FUNDS
Closed-end funds, unlike open-end funds, are not continuously offered. There is a one time public offering and once issued, shares of closed-end funds are sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to net asset value. The price of the fund’s shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, the fund cannot predict whether its shares will trade at, below or above net asset value.
The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas Inc. and RREEF America L.L.C. which offer advisory services.
DWS Distributors, Inc., 222 South Riverside Plaza, Chicago, IL 60606, (800) 621-1148
NO BANK GUARANTEE | NOT FDIC INSURED | MAY LOSE VALUE
VS1capgro-PH1
R-080548-1 (1/23)

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