nq063015inv_cgf.htm

Deutsche Capital Growth Fund

			Shares			Value ($)

	Common Stocks 99.6%
Consumer Discretionary 19.2%
Auto Components 0.7%
BorgWarner, Inc.		203,425				11,562,677
Hotels, Restaurants & Leisure 1.9%
Bloomin' Brands, Inc.		121,202				2,587,663
Brinker International, Inc. (a)		289,891				16,712,216
Las Vegas Sands Corp. (a)		223,371				11,742,613

						31,042,492
Internet & Catalog Retail 2.7%
Amazon.com, Inc.*		78,960				34,275,746
Expedia, Inc. (a)		90,966				9,947,132

						44,222,878
Media 3.8%
Twenty-First Century Fox, Inc. "A"		801,168				26,074,013
Walt Disney Co. (a)		332,473				37,948,468

						64,022,481
Specialty Retail 6.5%
Dick's Sporting Goods, Inc.		287,147				14,865,600
Home Depot, Inc.		385,571				42,848,506
L Brands, Inc.		365,774				31,357,805
O'Reilly Automotive, Inc.*		81,891				18,505,728

						107,577,639
Textiles, Apparel & Luxury Goods 3.6%
NIKE, Inc. "B"		348,415				37,635,788
VF Corp.		307,666				21,456,627

						59,092,415
Consumer Staples 10.2%
Beverages 1.7%
PepsiCo., Inc.		304,059				28,380,867
Food & Staples Retailing 2.5%
Costco Wholesale Corp.		170,322				23,003,690
Rite Aid Corp.*		2,033,038				16,975,867

						39,979,557
Food Products 4.8%
Hain Celestial Group, Inc.*		9,830				647,404
Mead Johnson Nutrition Co.		304,306				27,454,487
Mondelez International, Inc. "A"		403,192				16,587,319
The WhiteWave Foods Co.*		704,927				34,456,832

						79,146,042
Personal Products 1.2%
Estee Lauder Companies, Inc. "A"		232,720				20,167,515
Energy 1.7%
Oil, Gas & Consumable Fuels
Concho Resources, Inc.* (a)		135,408				15,417,555
Valero Energy Corp.		205,043				12,835,692

						28,253,247
Financials 5.5%
Capital Markets 2.6%
Affiliated Managers Group, Inc.*		87,658				19,162,039
Ameriprise Financial, Inc.		101,499				12,680,270
Charles Schwab Corp.		366,161				11,955,157

						43,797,466
Consumer Finance 1.3%
Capital One Financial Corp.		237,137				20,860,942
Diversified Financial Services 0.8%
Intercontinental Exchange, Inc.		62,903				14,065,740
Real Estate Investment Trusts 0.8%
Crown Castle International Corp. (REIT)		158,565				12,732,769
Health Care 18.5%
Biotechnology 7.3%
Alexion Pharmaceuticals, Inc.*		71,681				12,957,774
Alnylam Pharmaceuticals, Inc.* (a)		38,487				4,613,437
Celgene Corp.*		315,145				36,473,306
Cepheid, Inc.* (a)		204,434				12,501,139
Gilead Sciences, Inc.		303,047				35,480,743
Medivation, Inc.*		163,230				18,640,866

						120,667,265
Health Care Equipment & Supplies 1.5%
Becton, Dickinson & Co.		59,700				8,456,505
St. Jude Medical, Inc.		223,632				16,340,790

						24,797,295
Health Care Providers & Services 4.8%
Anthem, Inc.		92,255				15,142,736
Cigna Corp.		79,448				12,870,576
Express Scripts Holding Co.*		153,521				13,654,158
HCA Holdings, Inc.*		81,892				7,429,242
McKesson Corp.		108,700				24,436,847
Omnicare, Inc.		47,952				4,519,476

						78,053,035
Life Sciences Tools & Services 1.6%
Thermo Fisher Scientific, Inc.		206,055				26,737,697
Pharmaceuticals 3.3%
Allergan PLC*		98,310				29,833,153
Shire PLC (ADR)		101,170				24,431,543

						54,264,696
Industrials 11.6%
Aerospace & Defense 3.5%
BE Aerospace, Inc.		200,258				10,994,164
Boeing Co.		220,297				30,559,600
TransDigm Group, Inc.*		68,068				15,292,838

						56,846,602
Commercial Services & Supplies 0.9%
Stericycle, Inc.* (a)		116,285				15,571,724
Electrical Equipment 1.4%
AMETEK, Inc.		411,178				22,524,331
Industrial Conglomerates 2.8%
Danaher Corp.		194,654				16,660,436
General Electric Co.		317,493				8,435,789
Roper Technologies, Inc.		122,674				21,156,358

						46,252,583
Machinery 2.0%
Dover Corp. (a)		125,856				8,832,574
Parker-Hannifin Corp. (a)		206,725				24,048,319

						32,880,893
Road & Rail 1.0%
Norfolk Southern Corp.		189,420				16,547,731
Information Technology 27.9%
Communications Equipment 1.3%
Palo Alto Networks, Inc.* (a)		123,886				21,642,884
Internet Software & Services 5.9%
Facebook, Inc. "A"*		364,142				31,230,639
Google, Inc. "A"*		51,885				28,019,975
Google, Inc. "C"*		52,396				27,272,642
LinkedIn Corp. "A"* (a)		52,622				10,873,284

						97,396,540
IT Services 3.9%
Cognizant Technology Solutions Corp. "A"*		250,934				15,329,558
MasterCard, Inc. "A"		91,682				8,570,433
Visa, Inc. "A" (a)		614,831				41,285,902

						65,185,893
Semiconductors & Semiconductor Equipment 3.2%
Analog Devices, Inc.		206,454				13,251,250
Avago Technologies Ltd.		120,138				15,969,944
Broadcom Corp. "A"		150,428				7,745,538
NXP Semiconductors NV*		156,136				15,332,555

						52,299,287
Software 6.3%
Adobe Systems, Inc.*		310,424				25,147,448
Microsoft Corp.		794,331				35,069,714
Oracle Corp.		643,040				25,914,512
Salesforce.com, Inc.*		248,724				17,318,652

						103,450,326
Technology Hardware, Storage & Peripherals 7.3%
Apple, Inc.		817,576				102,544,470
EMC Corp.		370,415				9,775,252
Western Digital Corp.		109,764				8,607,693

						120,927,415
Materials 3.9%
Chemicals 3.5%
Dow Chemical Co.		341,473				17,473,174
Ecolab, Inc.		214,419				24,244,356
PPG Industries, Inc.		144,396				16,565,109

						58,282,639
Metals & Mining 0.4%
Freeport-McMoRan, Inc. (a)		369,914				6,887,798
Telecommunication Services 0.6%
Diversified Telecommunication Services
Level 3 Communications, Inc.*		167,435				8,818,802
Zayo Group Holdings, Inc.* (a)		41,724				1,073,141

						9,891,943
Utilities 0.5%
Water Utilities
American Water Works Co., Inc.		161,900				7,873,197

Total Common Stocks (Cost $1,060,659,971)				1,643,886,501
	Convertible Preferred Stock 0.1%
Health Care
Allergan PLC, Series A, 5.5% (Cost $1,900,000)		1,900				1,980,902
	Securities Lending Collateral 9.1%
Daily Assets Fund Institutional, 0.16% (b) (c) (Cost $150,348,264)		150,348,264				150,348,264
	Cash Equivalents 0.6%
Central Cash Management Fund, 0.09% (b) (Cost $9,570,257)		9,570,257				9,570,257

			% of Net Assets			Value ($)

Total Investment Portfolio (Cost $1,222,478,492) †		109.4			1,805,785,924
Other Assets and Liabilities, Net		(9.4)			(155,611,026)

Net Assets		100.0			1,650,174,898

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.

*	Non-income producing security.
†	The cost for federal income tax purposes was $1,223,130,078. At June 30, 2015, net unrealized appreciation for all securities based on tax cost was $582,655,846. This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $590,767,356 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $8,111,510.
(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 June 30, 2015 amounted to $148,777,515, which is 9.0% of net assets.
(b)	Affiliated fund managed by Deutsche Investment Management Americas Inc. The rate shown is the annualized seven-day yield at period end.
(c)	Represents collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates.

ADR: American Depositary Receipt

REIT: Real Estate Investment Trust

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 June 30, 2015 in valuing the Fund's investments.

Assets	Level 1		Level 2		Level 3		Total
Common Stocks (a)	$	1,643,886,501	$	—	$	—	$	1,643,886,501
Convertible Preferred Stock		1,980,902		—		—		1,980,902
Short-Term Investments (a)		159,918,521		—		—		159,918,521

Total	$	1,805,785,924	$	—	$	—	$	1,805,785,924

There have been no transfers between fair value measurement levels during the period ended June 30, 2015.
(a)	See Investment Portfolio for additional detailed categorizations.

ITEM 2.	CONTROLS AND PROCEDURES

	(a)	The Chief Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.

	(b)	There have been no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal controls over financial reporting.

ITEM 3.	EXHIBITS

	Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

Registrant:	Deutsche Capital Growth Fund, a series of Deutsche Investment Trust

By:	/s/Brian E. Binder Brian E. Binder President

Date:	August 21, 2015

By:	/s/Brian E. Binder Brian E. Binder President

Date:	August 21, 2015



By:	/s/Paul Schubert Paul Schubert Chief Financial Officer and Treasurer

Date:	August 21, 2015