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: 06/30/08

 

ITEM 1.  SCHEDULE OF INVESTMENTS

 

| Investment Portfolio | **as of June 30, 2008  (Unaudited)** |
|----------------------|--------------------------------------|

 

 

**DWS Capital Growth Fund**

 

|   | **Shares**              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | **Value ($)** |
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|        |
|   | **Common Stocks 96.0%** |  
**Consumer Discretionary 10.2%**

 
**Automobiles 0.5%**

 
Harley-Davidson, Inc. (a) 

 

271,700 

 

**9,851,842**

**Hotels Restaurants & Leisure 2.2%**

 
Darden Restaurants, Inc.  

 

271,700 

 

8,678,098 

McDonald's Corp.  

 

569,800 

 

32,034,156 

 

**40,712,254**

**Media 0.5%**

 
Omnicom Group, Inc. (a) 

 

206,000 

 

**9,245,280**

**Multiline Retail 2.7%**

 
Kohl's Corp.* (a) 

 

581,500 

 

23,283,260 

 

 

 

 

Target Corp.  

 

585,600 

 

27,224,544 

 

**50,507,804**

**Specialty Retail 3.8%**

 
Best Buy Co., Inc. (a) 

 

237,100 

 

9,389,160 

Dick's Sporting Goods, Inc.* (a) 

 

343,500 

 

6,093,690 

GameStop Corp. "A"* (a) 

 

333,500 

 

13,473,400 

Lowe's Companies, Inc.  

 

449,500 

 

9,327,125 

Staples, Inc.  

 

892,950 

 

21,207,562 

Tiffany & Co.  

 

291,600 

 

11,882,700 

 

**71,373,637**

**Textiles, Apparel & Luxury Goods 0.5%**

 
NIKE, Inc. "B"  

 

140,200 

 

**8,357,322**

**Consumer Staples 9.3%**

 
**Beverages 3.6%**

 
Diageo PLC  

 

978,722 

 

18,013,073 

PepsiCo, Inc.  

 

753,700 

 

47,927,783 

 

**65,940,856**

**Food & Staples Retailing 1.4%**

 
Shoppers Drug Mart Corp. (a) 

 

208,600 

 

11,433,416 

Walgreen Co.  

 

464,900 

 

15,113,899 

 

**26,547,315**

**Food Products 2.5%**

 
Dean Foods Co.*  

 

716,900 

 

14,065,578 

Groupe DANONE

 

217,746 

 

15,290,237 

Kellogg Co.  

 

349,700 

 

16,792,594 

 

**46,148,409**

**Household Products 1.8%**

 
Colgate-Palmolive Co.  

 

298,100 

 

20,598,710 

Procter & Gamble Co.  

 

202,900 

 

12,338,349 

 

**32,937,059**

**Energy 15.6%**

 
**Energy Equipment & Services 8.2%**

 
Baker Hughes, Inc.  

 

427,200 

 

37,311,648 

Halliburton Co.  

 

303,100 

 

16,085,517 

Noble Corp.  

 

329,100 

 

21,378,336 

Schlumberger Ltd.  

 

539,500 

 

57,958,485 

Transocean, Inc.*  

 

122,516 

 

18,670,213 

 

**151,404,199**

**Oil, Gas & Consumable Fuels 7.4%**

 
ConocoPhillips  

 

226,150 

 

21,346,299 

Devon Energy Corp.  

 

357,800 

 

42,993,248 

EOG Resources, Inc.  

 

256,000 

 

33,587,200 

XTO Energy, Inc.  

 

590,775 

 

40,473,995 

 

**138,400,742**

**Financials 3.4%**

 
**Capital Markets 1.2%**

 
State Street Corp.  

 

359,800 

 

**23,023,602**

**Diversified Financial Services 0.9%**

 
CME Group, Inc. (a) 

 

41,988 

 

**16,089,382**

**Insurance 1.3%**

 
Aflac, Inc.  

 

392,130 

 

**24,625,764**

 

 

 

 

**Health Care 18.0%**

 
**Biotechnology 5.2%**

 
Celgene Corp.*  

 

315,000 

 

20,119,050 

Genentech, Inc.*  

 

372,400 

 

28,265,160 

Gilead Sciences, Inc.*  

 

921,200 

 

48,777,540 

 

**97,161,750**

**Health Care Equipment & Supplies 6.0%**

 
Baxter International, Inc.  

 

619,000 

 

39,578,860 

C.R. Bard, Inc.  

 

208,600 

 

18,346,370 

Hologic, Inc.*  

 

387,800 

 

8,454,040 

Medtronic, Inc.  

 

486,200 

 

25,160,850 

Zimmer Holdings, Inc.*  

 

292,930 

 

19,933,887 

 

**111,474,007**

**Health Care Providers & Services 1.3%**

 
Laboratory Corp. of America Holdings*  

 

226,000 

 

15,736,380 

UnitedHealth Group, Inc.  

 

297,300 

 

7,804,125 

 

**23,540,505**

**Life Sciences Tools & Services 1.1%**

 
Thermo Fisher Scientific, Inc.*  

 

354,400 

 

**19,750,712**

**Pharmaceuticals 4.4%**

 
Abbott Laboratories  

 

408,000 

 

21,611,760 

Eli Lilly & Co.  

 

198,200 

 

9,148,912 

Johnson & Johnson  

 

784,306 

 

50,462,248 

 

**81,222,920**

**Industrials 9.7%**

 
**Aerospace & Defense 4.0%**

 
Goodrich Corp.  

 

446,600 

 

21,195,636 

Honeywell International, Inc.  

 

525,800 

 

26,437,224 

United Technologies Corp.  

 

431,200 

 

26,605,040 

 

**74,237,900**

**Electrical Equipment 1.4%**

 
Emerson Electric Co.  

 

525,400 

 

**25,981,030**

**Industrial Conglomerates 0.9%**

 
General Electric Co.  

 

632,400 

 

**16,878,756**

**Machinery 1.3%**

 
Caterpillar, Inc.  

 

142,000 

 

10,482,440 

Parker Hannifin Corp.  

 

179,600 

 

12,809,072 

 

**23,291,512**

**Road & Rail 2.1%**

 
Canadian National Railway Co. (a) 

 

535,200 

 

25,732,416 

Norfolk Southern Corp. (a) 

 

215,000 

 

13,474,050 

 

**39,206,466**

**Information Technology 21.9%**

 
**Communications Equipment 3.2%**

 
Cisco Systems, Inc.*  

 

1,205,350 

 

28,036,441 

QUALCOMM, Inc.  

 

591,500 

 

26,244,855 

Research In Motion Ltd.*  

 

40,300 

 

4,711,070 

 

**58,992,366**

**Computers & Peripherals 6.8%**

 
Apple, Inc.*  

 

288,500 

 

48,306,440 

EMC Corp.*  

 

1,436,600 

 

21,103,654 

Hewlett-Packard Co.  

 

512,700 

 

22,666,467 

 

 

 

 

International Business Machines Corp.  

 

289,200 

 

34,278,876 

 

**126,355,437**

**Electronic Equipment & Instruments 1.1%**

 
Mettler-Toledo International, Inc.*  

 

208,500 

 

**19,778,310**

**Internet Software & Services 1.1%**

 
Google, Inc. "A"*  

 

38,700 

 

**20,372,454**

**IT Services 3.5%**

 
Accenture Ltd. "A" (a) 

 

699,700 

 

28,491,784 

Fiserv, Inc.*  

 

294,800 

 

13,375,076 

Visa, Inc. "A"*  

 

273,900 

 

22,270,809 

 

**64,137,669**

**Semiconductors & Semiconductor Equipment 2.4%**

 
Broadcom Corp. "A"*  

 

337,650 

 

9,214,468 

Intel Corp.  

 

1,636,290 

 

35,147,509 

 

**44,361,977**

**Software 3.8%**

 
Adobe Systems, Inc.*  

 

573,100 

 

22,574,409 

Electronic Arts, Inc.*  

 

319,000 

 

14,173,170 

Microsoft Corp.  

 

1,257,080 

 

34,582,271 

 

**71,329,850**

**Materials 6.1%**

 
**Chemicals 5.0%**

 
Ecolab, Inc.  

 

427,600 

 

18,382,524 

Monsanto Co.  

 

331,600 

 

41,927,504 

Praxair, Inc.  

 

346,100 

 

32,616,464 

 

**92,926,492**

**Metals & Mining 1.1%**

 
Freeport-McMoRan Copper & Gold, Inc. (a) 

 

179,400 

 

**21,023,886**

**Telecommunication Services 1.3%**

 
**Diversified Telecommunication Services 0.8%**

 
AT&T, Inc.  

 

453,200 

 

**15,268,308**

**Wireless Telecommunication Services 0.5%**

 
American Tower Corp. "A"*  

 

223,500 

 

**9,442,875**

**Utilities 0.5%**

 
**Electric Utilities**

Allegheny Energy, Inc.  

 

170,900 

 

**8,563,799**

**Total Common Stocks** (Cost $1,242,952,933)

 

**1,780,464,448**

 

**Securities Lending Collateral 4.8%**

 
Daily Assets Fund Institutional, 2.74%  (b) (c)(Cost $88,089,220)

 

 

88,089,220

 

**88,089,220**

 

**Cash Equivalents 3.9%**

 
Cash Management QP Trust, 2.49%  (b)(Cost $71,412,862)

 

 

71,412,862

 

**71,412,862**

 

 

 

 

 

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

 

**Value ($)**

**Total Investment Portfolio** (Cost $1,402,455,015) †

104.7

 

**1,939,966,530**

**Other Assets and Liabilities, Net**

(4.7)

 

**(86,292,806)**

**Net Assets**

100.0

 

**1,853,673,724**

 

*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 $1,405,098,139.  At June 30, 2008, net unrealized appreciation for all securities based on tax cost was $534,868,391.  This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $609,078,993 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $74,210,602.*

*(a)*

*All or a portion of these securities were on loan.  The value of all securities loaned at June 30, 2008 amounted to $84,998,411 which is 4.6% 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.*

 

**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 20, 2008

 

 

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 20, 2008

 

 

By:

/s/Paul Schubert

 

Paul Schubert

Chief Financial Officer and Treasurer

 

Date:                                        August 20, 2008

 

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