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  811-43

DWS Investment Trust

(Exact name of registrant as specified in charter)

 

345 Park Avenue

New York, NY  10154

(Address of principal executive offices)             (Zip code)

 

Paul Schubert

345 Park Avenue

New York, NY  10154-0004

(Name and address of agent for service)

Registrant's telephone number, including area code:  (212) 454-7190

Date of fiscal year end:  09/30

Date of reporting period: 6/30/09

 

ITEM 1.  SCHEDULE OF INVESTMENTS

 

| Investment Portfolio | **as of June 30, 2009  (Unaudited)** |
|----------------------|--------------------------------------|

 

**DWS Capital Growth Fund**

 

|   | **Shares** |   | **Value ($)** |  
 

**Common Stocks 97.8%**

 
**Consumer Discretionary 7.2%**

 
**Hotels Restaurants & Leisure 3.2%**

 
Darden Restaurants, Inc.  

 

432,600 

 

14,267,148 

 
Marriott International, Inc. "A" (a) 

 

645,694 

 

14,250,476 

 
McDonald's Corp. (a) 

 

340,100 

 

19,552,349 

 
 

**48,069,973**

 
**Leisure Equipment & Products 0.7%**

 
Hasbro, Inc.  

 

414,400 

 

**10,045,056**

 
**Multiline Retail 1.0%**

 
Kohl's Corp.* (a) 

 

371,300 

 

**15,873,075**

 
**Textiles, Apparel & Luxury Goods 2.3%**

 
NIKE, Inc. "B" (a) 

 

675,300 

 

**34,967,034**

 
 

 

 

**Consumer Staples 9.2%**

 
**Beverages 3.0%**

 
PepsiCo., Inc.  

 

827,500 

 

**45,479,400**

 
**Food & Staples Retailing 2.9%**

 
Sysco Corp.  

 

721,000 

 

16,208,080 

 
Wal-Mart Stores, Inc.  

 

577,100 

 

27,954,724 

 
 

**44,162,804**

 
**Household Products 3.3%**

 
Colgate-Palmolive Co. (a) 

 

327,200 

 

23,146,128 

 
Energizer Holdings, Inc.*  

 

349,600 

 

18,263,104 

 
Procter & Gamble Co.  

 

163,000 

 

8,329,300 

 
 

**49,738,532**

 
**Energy 9.4%**

 
**Energy Equipment & Services 3.6%**

 
Cameron International Corp.*  

 

683,500 

 

19,343,050 

 
Schlumberger Ltd.  

 

295,400 

 

15,984,094 

 
Transocean Ltd.* (a) 

 

267,016 

 

19,836,619 

 
 

**55,163,763**

 
**Oil, Gas & Consumable Fuels 5.8%**

 
Anadarko Petroleum Corp.  

 

479,000 

 

21,741,810 

 
EOG Resources, Inc.  

 

281,100 

 

19,092,312 

 
ExxonMobil Corp.  

 

312,900 

 

21,874,839 

 
Occidental Petroleum Corp.  

 

377,500 

 

24,843,275 

 
 

**87,552,236**

 
**Financials 5.0%**

 
**Capital Markets 3.4%**

 
Bank of New York Mellon Corp.  

 

503,700 

 

14,763,447 

 
Charles Schwab Corp.  

 

559,100 

 

9,806,614 

 
T. Rowe Price Group, Inc. (a) 

 

631,000 

 

26,293,770 

 
 

**50,863,831**

 
**Diversified Financial Services 1.6%**

 
IntercontinentalExchange, Inc.* (a) 

 

122,300 

 

13,971,552 

 
JPMorgan Chase & Co.  

 

308,800 

 

10,533,168 

 
 

**24,504,720**

 
**Health Care 15.9%**

 
**Biotechnology 6.1%**

 
Amgen, Inc.*  

 

418,300 

 

22,144,802 

 
Celgene Corp.* (a) 

 

607,900 

 

29,081,936 

 
Gilead Sciences, Inc.* (a) 

 

710,500 

 

33,279,820 

 
Myriad Genetics, Inc.*  

 

218,900 

 

7,803,785 

 
Myriad Pharmaceuticals, Inc.*  

 

55,200 

 

256,680 

 
 

**92,567,023**

 
**Health Care Equipment & Supplies 3.9%**

 
Baxter International, Inc.  

 

152,200 

 

8,060,512 

 
Edwards Lifesciences Corp.*  

 

402,800 

 

27,402,484 

 
St. Jude Medical, Inc.*  

 

571,400 

 

23,484,540 

 
 

**58,947,536**

 
**Health Care Providers & Services 3.5%**

 
Express Scripts, Inc.* (a) 

 

535,600 

 

36,822,500 

 
Laboratory Corp. of America Holdings* (a) 

 

248,200 

 

16,825,478 

 
 

**53,647,978**

 
 

 

 

**Pharmaceuticals 2.4%**

 
Abbott Laboratories  

 

397,500 

 

18,698,400 

 
Allergan, Inc. (a) 

 

190,100 

 

9,044,958 

 
Johnson & Johnson  

 

141,206 

 

8,020,501 

 
 

**35,763,859**

 
**Industrials 10.6%**

 
**Aerospace & Defense 4.3%**

 
Lockheed Martin Corp.  

 

191,600 

 

15,452,540 

 
Rockwell Collins, Inc.  

 

590,300 

 

24,633,219 

 
United Technologies Corp. (a) 

 

473,500 

 

24,603,060 

 
 

**64,688,819**

 
**Commercial Services & Supplies 1.2%**

 
Stericycle, Inc.* (a) 

 

359,300 

 

**18,514,729**

 
**Electrical Equipment 2.5%**

 
AMETEK, Inc.  

 

1,109,000 

 

**38,349,220**

 
**Machinery 1.0%**

 
Parker Hannifin Corp.  

 

351,200 

 

**15,087,552**

 
**Road & Rail 1.6%**

 
Burlington Northern Santa Fe Corp. (a) 

 

123,400 

 

9,074,836 

 
Norfolk Southern Corp.  

 

400,400 

 

15,083,068 

 
 

**24,157,904**

 
**Information Technology 29.8%**

 
**Communications Equipment 8.7%**

 
Cisco Systems, Inc.*  

 

2,311,350 

 

43,083,564 

 
QUALCOMM, Inc. (a) 

 

1,367,300 

 

61,801,960 

 
Research In Motion Ltd.*  

 

374,100 

 

26,579,805 

 
 

**131,465,329**

 
**Computers & Peripherals 6.6%**

 
Apple, Inc.* (a) 

 

394,900 

 

56,245,607 

 
EMC Corp.* (a) 

 

1,892,600 

 

24,793,060 

 
International Business Machines Corp. (a) 

 

176,100 

 

18,388,362 

 
 

**99,427,029**

 
**Internet Software & Services 0.5%**

 
Google, Inc. "A"* (a) 

 

17,300 

 

**7,293,507**

 
**IT Services 1.7%**

 
Accenture Ltd. "A"  

 

768,100 

 

**25,700,626**

 
**Semiconductors & Semiconductor Equipment 5.4%**

 
Broadcom Corp. "A"* (a) 

 

1,382,850 

 

34,280,852 

 
Intel Corp. (a) 

 

2,256,490 

 

37,344,909 

 
NVIDIA Corp.* (a) 

 

931,300 

 

10,514,377 

 
 

**82,140,138**

 
**Software 6.9%**

 
Adobe Systems, Inc.* (a) 

 

629,100 

 

17,803,530 

 
Microsoft Corp.  

 

1,878,580 

 

44,653,846 

 
Oracle Corp.  

 

1,969,400 

 

42,184,548 

 
 

**104,641,924**

 
**Materials 7.7%**

 
**Chemicals 6.6%**

 
Celanese Corp. "A"  

 

490,700 

 

11,654,125 

 
Ecolab, Inc. (a) 

 

677,000 

 

26,396,230 

 
Monsanto Co.  

 

530,300 

 

39,422,502 

 
 

 

 

The Mosaic Co.  

 

510,200 

 

22,601,860 

 
 

**100,074,717**

 
**Metals & Mining 1.1%**

 
Barrick Gold Corp. (a) 

 

515,200 

 

**17,284,960**

 
**Telecommunication Services 2.3%**

 
**Diversified Telecommunication Services 0.8%**

 
AT&T, Inc.  

 

497,700 

 

**12,362,868**

 
**Wireless Telecommunication Services 1.5%**

 
American Tower Corp. "A"* (a) 

 

692,800 

 

**21,843,984**

 
**Utilities 0.7%**

 
**Electric Utilities**

 
FPL Group, Inc.  

 

183,000 

 

**10,405,380**

 
**Total Common Stocks** (Cost $1,207,968,194)

 

**1,480,785,506**

 
 

**Securities Lending Collateral 28.6%**

 
Daily Assets Fund Institutional, 0.48% (b) (c)(Cost $433,694,370)

 

 

433,694,370

 

**433,694,370**

 
 

**Cash Equivalents 1.4%**

 
Cash Management QP Trust, 0.27% (b)(Cost $20,705,922)

 

 

20,705,922

 

**20,705,922**

 
 

**% of****Net Assets**

 

**Value ($)**

 
**Total Investment Portfolio** (Cost $1,662,368,486) †

127.8

 

**1,935,185,798**

 
**Other Assets and Liabilities, Net**

(27.8)

 

**(421,227,890)**

 
**Net Assets**

100.0

 

**1,513,957,908**

 
*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 $1,664,804,921.  At June 30, 2009, net unrealized appreciation for all securities based on tax cost was $270,380,877.  This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $307,847,010  and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $37,466,133.*

 
*(a)*

*All or a portion of these securities were on loan . The value of all securities loaned at June 30, 2009 amounted to $418,265,740 which is 27.6% 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.*

 
***Fair Value Measurements***

 

*Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, “Fair Value Measurements,” as amended, establishes a three-tier hierarchy for measuring fair value and requires additional disclosure about the classification of 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 inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.*

 

*The following is a summary of the inputs used as of June 30, 2009 in valuing the Fund's investments:*

 

**Level 1**

**Level 2**

**Level 3**

**Total**

**Assets**

 

 

 

 

Common Stock and/or Other Equity Investments(d)

$ 1,480,785,506   

$                         -   

$                -   

$ 1,480,785,506   

Short-Term Investments(d)

433,694,370

20,705,922                                 

-

454,400,292

 

 

 

**Total**

**$ 1,914,479,876**

**$        20,705,922**

**$                -**

**$ 1,935,185,798**

 
 

 

 

 

 
 
*(d)*

*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 DWS Investment Trust

 

 

By:

/s/Michael G. Clark

Michael G. Clark

President

 

 

Date:

August 17, 2009

 

 

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.

 

Registrant:

DWS Capital Growth Fund, a series of DWS Investment Trust

 

 

By:

/s/Michael G. Clark

Michael G. Clark

President

 

 

Date:

August 17, 2009

 

 

 

 

 

 

By:

/s/Paul Schubert

Paul Schubert

Chief Financial Officer and Treasurer

 

 

Date:

August 17, 2009

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