0000088053-18-000923.txt : 20180827 0000088053-18-000923.hdr.sgml : 20180827 20180827121330 ACCESSION NUMBER: 0000088053-18-000923 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180630 FILED AS OF DATE: 20180827 DATE AS OF CHANGE: 20180827 EFFECTIVENESS DATE: 20180827 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE DWS INVESTMENT TRUST CENTRAL INDEX KEY: 0000088064 IRS NUMBER: 042212654 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-00043 FILM NUMBER: 181038473 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 BUSINESS PHONE: 212-250-2500 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 FORMER COMPANY: FORMER CONFORMED NAME: DEUTSCHE INVESTMENT TRUST DATE OF NAME CHANGE: 20140811 FORMER COMPANY: FORMER CONFORMED NAME: DWS INVESTMENT TRUST DATE OF NAME CHANGE: 20060207 FORMER COMPANY: FORMER CONFORMED NAME: INVESTMENT TRUST DATE OF NAME CHANGE: 19980529

0000088064 S000005705 DWS Capital Growth Fund

C000015670 Class A SDGAX

C000015673 Class C SDGCX

C000015674 Class R SDGRX

C000015675 Class S SCGSX

C000015676 Institutional Class SDGTX

C000144535 Class R6 SDGZX

N-Q 1 nq063018inv_cgf.htm DWS CAPITAL GROWTH FUND

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

_______________________________

Investment Company Act file number: 811-00043

Deutsche DWS Investment Trust

(Exact name of registrant as specified in charter)

345 Park Avenue
New York, NY 10154-0004

(Address of principal executive offices) (Zip code)

Diane Kenneally

1 International Place

Boston, MA 02110

(Name and address of agent for service)

Registrant's telephone number, including area code: (212) 250-2500

Date of fiscal year end: 9/30

Date of reporting period: 6/30/2018

ITEM 1.

SCHEDULE OF INVESTMENTS

Investment Portfolio as of June 30, 2018 (Unaudited)

DWS Capital Growth Fund

(formerly Deutsche Capital Growth Fund)

		Shares			Value ($)
Common Stocks 98.8%
Consumer Discretionary 17.1%
Hotels, Restaurants & Leisure 2.5%
Las Vegas Sands Corp.	143,954				10,992,327
McDonald's Corp.	171,597				26,887,534
					37,879,861
Internet & Direct Marketing Retail 6.1%
Amazon.com, Inc.*	44,871				76,271,726
Booking Holdings, Inc.*	8,887				18,014,749
					94,286,475
Media 3.0%
Comcast Corp. "A"	361,878				11,873,217
Live Nation Entertainment, Inc.*	163,844				7,957,903
Walt Disney Co.	249,925				26,194,640
					46,025,760
Multiline Retail 1.0%
Dollar General Corp.	152,057				14,992,820
Specialty Retail 3.8%
Burlington Stores, Inc.*	112,547				16,941,700
Home Depot, Inc.	215,218				41,989,032
					58,930,732
Textiles, Apparel & Luxury Goods 0.7%
Carter's, Inc.	97,396				10,556,752
Consumer Staples 3.7%
Food & Staples Retailing 1.0%
Costco Wholesale Corp.	76,363				15,958,340
Food Products 1.8%
Mondelez International, Inc. "A"	238,848				9,792,768
Pinnacle Foods, Inc.	270,281				17,584,482
					27,377,250
Personal Products 0.9%
Estee Lauder Companies, Inc. "A"	93,870				13,394,310
Energy 0.7%
Oil, Gas & Consumable Fuels
Concho Resources, Inc.*	79,076				10,940,164
Financials 8.0%
Banks 1.5%
SVB Financial Group*	81,466				23,524,122
Capital Markets 2.4%
Charles Schwab Corp.	328,846				16,804,031
Intercontinental Exchange, Inc.	260,679				19,172,940
					35,976,971
Commercial Services & Supplies 1.8%
FleetCor Technologies, Inc.*	55,656				11,723,936
TransUnion	225,340				16,143,358
					27,867,294
Insurance 2.3%
Progressive Corp.	604,572				35,760,434
Health Care 12.6%
Biotechnology 3.9%
Alexion Pharmaceuticals, Inc.*	137,601				17,083,164
Biogen, Inc.*	38,144				11,070,915
BioMarin Pharmaceutical, Inc.*	93,013				8,761,825
Celgene Corp.*	160,559				12,751,596
Shire PLC (ADR)	67,433				11,382,690
					61,050,190
Health Care Equipment & Supplies 4.6%
Becton, Dickinson & Co.	184,577				44,217,266
Danaher Corp.	190,759				18,824,098
The Cooper Companies, Inc.	30,999				7,298,715
					70,340,079
Life Sciences Tools & Services 2.3%
Thermo Fisher Scientific, Inc.	169,646				35,140,472
Pharmaceuticals 1.8%
Bristol-Myers Squibb Co.	115,435				6,388,173
Zoetis, Inc.	250,302				21,323,227
					27,711,400
Industrials 9.5%
Aerospace & Defense 3.3%
Boeing Co.	107,600				36,100,876
TransDigm Group, Inc.	44,121				15,227,922
					51,328,798
Electrical Equipment 1.5%
AMETEK, Inc.	311,656				22,489,097
Industrial Conglomerates 1.3%
Roper Technologies, Inc.	72,764				20,076,315
Machinery 0.9%
Parker-Hannifin Corp.	92,403				14,401,008
Professional Services 1.3%
Verisk Analytics, Inc.*	188,015				20,237,935
Road & Rail 1.2%
Norfolk Southern Corp.	123,335				18,607,551
Information Technology 41.8%
Internet Software & Services 8.8%
2U, Inc.*	61,400				5,130,584
Alphabet, Inc. "A"*	34,383				38,824,940
Alphabet, Inc. "C"*	31,664				35,325,942
Facebook, Inc. "A"*	186,183				36,179,080
Spotify Technology SA*	117,138				19,707,297
					135,167,843
IT Services 7.6%
Cognizant Technology Solutions Corp. "A"	282,899				22,346,192
Fidelity National Information Services, Inc.	177,600				18,830,928
Global Payments, Inc.	171,585				19,130,012
Visa, Inc. "A"	426,681				56,513,898
					116,821,030
Semiconductors & Semiconductor Equipment 4.8%
Analog Devices, Inc.	160,589				15,403,697
Broadcom, Inc.	114,986				27,900,203
NVIDIA Corp.	127,135				30,118,281
					73,422,181
Software 14.5%
Activision Blizzard, Inc.	417,286				31,847,268
Adobe Systems, Inc.*	124,887				30,448,700
Intuit, Inc.	92,424				18,882,685
Microsoft Corp.	922,792				90,996,519
Oracle Corp.	343,101				15,117,030
salesforce.com, Inc.*	205,792				28,070,029
ServiceNow, Inc.*	49,477				8,533,298
					223,895,529
Technology Hardware, Storage & Peripherals 6.1%
Apple, Inc.	463,175				85,738,324
Pure Storage, Inc. "A"*	345,255				8,244,690
					93,983,014
Materials 1.6%
Chemicals 0.8%
Albemarle Corp.	130,329				12,293,934
Construction Materials 0.8%
Vulcan Materials Co.	91,094				11,756,592
Real Estate 1.8%
Equity Real Estate Investment Trusts (REITs)
Digital Realty Trust, Inc.	146,901				16,391,214
Prologis, Inc.	182,996				12,021,007
					28,412,221
Telecommunication Services 2.0%
Diversified Telecommunication Services 1.1%
Zayo Group Holdings, Inc.*	439,803				16,044,013
Wireless Telecommunication Services 0.9%
T-Mobile U.S., Inc.*	236,658				14,140,316
Total Common Stocks (Cost $822,307,163)			1,520,790,803
Convertible Preferred Stock 0.0%
Industrials
Stericycle, Inc., Series A, 5.25% (Cost $479,700)	4,797				235,820
Cash Equivalents 1.3%
DWS Central Cash Management Government Fund, 1.85% (a) (Cost $20,620,898)	20,620,898				20,620,898
		% of Net Assets			Value ($)
Total Investment Portfolio (Cost $843,407,761)	100.1			1,541,647,521
Other Assets and Liabilities, Net	(0.1)			(1,471,410)
Net Assets	100.0			1,540,176,111

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 June 30, 2018 are as follows:

Value ($) at 9/30/2017	Pur- chases Cost ($)	Sales Pro- ceeds ($)	Net Realized Gain/ (Loss) ($)	Net Change in Unrealized Appreci- ation (Deprecia- tion) ($)	Income ($)	Capital Gain Distribu- tions ($)	Number of Shares at 6/30/2018	Value ($) at 6/30/2018
Securities Lending Collateral 0.0%
DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", 1.80% (a) (b)
12,678,750	—	12,678,750	—	—	3,212	—	—	—
Cash Equivalents 1.3%
DWS Central Cash Management Government Fund, 1.85% (a)
5,311,227	223,124,779	207,815,108	—	—	161,700	—	20,620,898	20,620,898
17,989,977	223,124,779	220,493,858	—	—	164,912	—	20,620,898	20,620,898

*	Non-income producing security.
(a)	Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end.
(b)	Represents collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates. Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested for the period ended June 30, 2018.
ADR: American Depositary Receipt

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, 2018 in valuing the Fund's investments.

Assets		Level 1		Level 2		Level 3		Total
Common Stocks ^(c)	$	1,520,790,803	$	—	$	—	$	1,520,790,803
Convertible Preferred Stock		235,820		—		—		235,820
Short-Term Investments		20,620,898		—		—		20,620,898
Total	$	1,541,647,521	$	—	$	—	$	1,541,647,521

There have been no transfers between fair value measurement levels during the period ended June 30, 2018.
(c)	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.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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

By:	/s/Hepsen Uzcan Hepsen Uzcan President

Date:	8/23/2018

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/Hepsen Uzcan Hepsen Uzcan President

Date:	8/23/2018



By:	/s/Diane Kenneally Diane Kenneally Chief Financial Officer and Treasurer

Date:	8/23/2018

EX-99.CERT 2 ex99cert.htm CERTIFICATIONS

CERTIFICATIONS

I, Hepsen Uzcan, certify that:

I have reviewed this report on Form N-Q of DWS Capital Growth Fund, a series of Deutsche DWS Investment Trust;

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d)

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.


By:	/s/Hepsen Uzcan Hepsen Uzcan President

Date:	8/23/2018

CERTIFICATIONS

I, Diane Kenneally, certify that:

I have reviewed this report on Form N-Q of DWS Capital Growth Fund, a series of Deutsche DWS Investment Trust;

(a)

(b)

(c)

(d)

(a)

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.


By:	/s/Diane Kenneally Diane Kenneally Chief Financial Officer and Treasurer

Date:	8/23/2018