# EDGAR Filing Document

**Accession Number:** 0000088048
**File Stem:** 0001410368-25-032268
**Filing Date:** 2025-11
**Character Count:** 43875
**Document Hash:** 0e17892801a1f21cf0de8c9212ce602f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-032268.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001410368-25-032268

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS SECURITIES TRUST
- **CENTRAL INDEX KEY:** 0000088048

**ORGANIZATION NAME:**
- **EIN:** 132661231
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02021
- **FILM NUMBER:** 251526203

**BUSINESS ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225
- **BUSINESS PHONE:** 212-454-4500

**MAIL ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DEUTSCHE SECURITIES TRUST
- **DATE OF NAME CHANGE:** 20140811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS SECURITIES TRUST
- **DATE OF NAME CHANGE:** 20060207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SCUDDER SECURITIES TRUST
- **DATE OF NAME CHANGE:** 19950908

## Series and Classes Contracts Data

### DWS Digital Horizons Fund (Series ID: S000032042)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000099770 | Class A             | COMAX           |
| C000099773 | Institutional Class | COMZX           |
| C000237496 | Class S             | COMSX           |

## Nport-Ex

Investment Portfolio**as of September 30, 2025 (Unaudited)** 

**DWS Digital Horizons Fund** 

---

| | | |
|:---|:---|:---|
|  | **Shares**  | **Value ($)** |
| **Common Stocks 96.7%** | **Common Stocks 96.7%** |  |
| **Aerospace & Defense 0.4%** | **Aerospace & Defense 0.4%** |  |
| Voyager Technologies, Inc. "A"\* (a) | 15407 | &nbsp;&nbsp; **458820** |
| **Broadline Retail 8.3%** | **Broadline Retail 8.3%** |  |
| Amazon.com, Inc.\*  | 28389 | &nbsp;&nbsp; 6233373 |
| MercadoLibre, Inc.\*  | 856 | &nbsp;&nbsp; 2000421 |
| Sea Ltd. (ADR)\*  | 5969 | &nbsp;&nbsp; 1066839 |
|  |  | &nbsp;&nbsp; **9300633** |
| **Capital Markets 1.1%** | **Capital Markets 1.1%** |  |
| Robinhood Markets, Inc. "A"\*  | 8945 | &nbsp;&nbsp; **1280745** |
| **Diversified Consumer Services 0.8%** | **Diversified Consumer Services 0.8%** |  |
| Duolingo, Inc.\*  | 2754 | &nbsp;&nbsp; **886347** |
| **Diversified Telecommunication Services 2.8%** | **Diversified Telecommunication Services 2.8%** |  |
| AT&T, Inc.  | 81014 | &nbsp;&nbsp; 2287835 |
| Cogent Communications Holdings, Inc.  | 21122 | &nbsp;&nbsp; 810029 |
|  |  | &nbsp;&nbsp; **3097864** |
| **Electrical Equipment 2.1%** | **Electrical Equipment 2.1%** |  |
| Bloom Energy Corp. "A"\*  | 27051 | &nbsp;&nbsp; **2287703** |
| **Entertainment 11.4%** | **Entertainment 11.4%** |  |
| Live Nation Entertainment, Inc.\*  | 15095 | &nbsp;&nbsp; 2466523 |
| Netflix, Inc.\*  | 2040 | &nbsp;&nbsp; 2445797 |
| ROBLOX Corp. "A"\*  | 10866 | &nbsp;&nbsp; 1505158 |
| Spotify Technology SA\*  | 3797 | &nbsp;&nbsp; 2650306 |
| Take-Two Interactive Software, Inc.\*  | 6409 | &nbsp;&nbsp; 1655829 |
| Universal Music Group NV  | 36409 | &nbsp;&nbsp; 1052581 |
| Walt Disney Co.  | 7961 | &nbsp;&nbsp; 911535 |
|  |  | &nbsp;&nbsp; **12687729** |
| **Financial Services 1.9%** | **Financial Services 1.9%** |  |
| Adyen NV 144A\*  | 459 | &nbsp;&nbsp; 738203 |
| Block, Inc.\*  | 7739 | &nbsp;&nbsp; 559298 |
| Toast, Inc. "A"\*  | 23441 | &nbsp;&nbsp; 855831 |
|  |  | &nbsp;&nbsp; **2153332** |
| **Ground Transportation 1.5%** | **Ground Transportation 1.5%** |  |
| Uber Technologies, Inc.\*  | 17388 | &nbsp;&nbsp; **1703502** |
| **Health Care Equipment & Supplies 1.1%** | **Health Care Equipment & Supplies 1.1%** |  |
| Intuitive Surgical, Inc.\*  | 2782 | &nbsp;&nbsp; **1244194** |

---

------

---

| | | |
|:---|:---|:---|
| **Health Care Technology 0.6%** | **Health Care Technology 0.6%** |  |
| Doximity, Inc. "A"\*  | 3022 | &nbsp;&nbsp; 221059 |
| Phreesia, Inc.\*  | 19553 | &nbsp;&nbsp; 459887 |
|  |  | &nbsp;&nbsp; **680946** |
| **Hotels, Restaurants & Leisure 3.0%** | **Hotels, Restaurants & Leisure 3.0%** |  |
| Airbnb, Inc. "A"\*  | 3806 | &nbsp;&nbsp; 462125 |
| DoorDash, Inc. "A"\*  | 6817 | &nbsp;&nbsp; 1854156 |
| DraftKings, Inc. "A"\*  | 26311 | &nbsp;&nbsp; 984031 |
|  |  | &nbsp;&nbsp; **3300312** |
| **Household Durables 0.8%** | **Household Durables 0.8%** |  |
| Sony Group Corp.  | 31200 | &nbsp;&nbsp; **897522** |
| **Insurance 0.0%** | **Insurance 0.0%** |  |
| Sony Financial Group, Inc.\*  | 31200 | &nbsp;&nbsp; **34600** |
| **Interactive Media & Services 5.5%** | **Interactive Media & Services 5.5%** |  |
| Alphabet, Inc. "A"  | 2125 | &nbsp;&nbsp; 516588 |
| Meta Platforms, Inc. "A"  | 6460 | &nbsp;&nbsp; 4744095 |
| Pinterest, Inc. "A"\*  | 25866 | &nbsp;&nbsp; 832109 |
|  |  | &nbsp;&nbsp; **6092792** |
| **IT Services 4.5%** | **IT Services 4.5%** |  |
| Cloudflare, Inc. "A"\*  | 5405 | &nbsp;&nbsp; 1159859 |
| GoDaddy, Inc. "A"\*  | 4941 | &nbsp;&nbsp; 676077 |
| Shopify, Inc. "A"\*  | 5893 | &nbsp;&nbsp; 875759 |
| Snowflake, Inc. "A"\*  | 5781 | &nbsp;&nbsp; 1303904 |
| Wix.com Ltd.\*  | 5770 | &nbsp;&nbsp; 1024925 |
|  |  | &nbsp;&nbsp; **5040524** |
| **Media 2.1%** | **Media 2.1%** |  |
| Criteo SA (ADR)\*  | 29720 | &nbsp;&nbsp; 671672 |
| New York Times Co. "A"  | 14614 | &nbsp;&nbsp; 838844 |
| Trade Desk, Inc. "A"\*  | 17109 | &nbsp;&nbsp; 838512 |
|  |  | &nbsp;&nbsp; **2349028** |
| **Professional Services 1.2%** | **Professional Services 1.2%** |  |
| RELX PLC  | 27300 | &nbsp;&nbsp; **1304359** |
| **Semiconductors & Semiconductor Equipment 17.0%** | **Semiconductors & Semiconductor Equipment 17.0%** |  |
| Ambiq Micro, Inc.\* (a) | 13027 | &nbsp;&nbsp; 389768 |
| Broadcom, Inc.  | 10714 | &nbsp;&nbsp; 3534656 |
| NVIDIA Corp.  | 80506 | &nbsp;&nbsp; 15020809 |
|  |  | &nbsp;&nbsp; **18945233** |
| **Software 20.2%** | **Software 20.2%** |  |
| AppLovin Corp. "A"\*  | 2587 | &nbsp;&nbsp; 1858863 |
| Braze, Inc. "A"\*  | 37064 | &nbsp;&nbsp; 1054100 |
| Commvault Systems, Inc.\*  | 8925 | &nbsp;&nbsp; 1684862 |
| Docusign, Inc.\*  | 13581 | &nbsp;&nbsp; 979054 |
| Elastic NV\*  | 5932 | &nbsp;&nbsp; 501195 |
| Gitlab, Inc. "A"\*  | 16728 | &nbsp;&nbsp; 754098 |
| Jamf Holding Corp.\*  | 28342 | &nbsp;&nbsp; 303259 |
| JFrog Ltd.\*  | 22115 | &nbsp;&nbsp; 1046703 |

---

------

---

| | | |
|:---|:---|:---|
| Microsoft Corp.  | 20327 | &nbsp;&nbsp; 10528370 |
| Monday.com Ltd.\*  | 1913 | &nbsp;&nbsp; 370529 |
| Nebius Group NV\* (a) | 10139 | &nbsp;&nbsp; 1138306 |
| Nutanix, Inc. "A"\*  | 8647 | &nbsp;&nbsp; 643250 |
| Procore Technologies, Inc.\*  | 3933 | &nbsp;&nbsp; 286794 |
| Unity Software, Inc.\*  | 5996 | &nbsp;&nbsp; 240080 |
| Zoom Communications, Inc.\*  | 13780 | &nbsp;&nbsp; 1136850 |
|  |  | &nbsp;&nbsp; **22526313** |
| **Specialized REITs 1.4%** | **Specialized REITs 1.4%** |  |
| American Tower Corp.  | 5449 | &nbsp;&nbsp; 1047952 |
| Crown Castle, Inc.  | 5158 | &nbsp;&nbsp; 497695 |
|  |  | &nbsp;&nbsp; **1545647** |
| **Technology Hardware, Storage & Peripherals 9.0%** | **Technology Hardware, Storage & Peripherals 9.0%** |  |
| Apple, Inc.  | 38085 | &nbsp;&nbsp; 9697584 |
| IonQ, Inc.\* (a) | 5173 | &nbsp;&nbsp; 318139 |
|  |  | &nbsp;&nbsp; **10015723** |
| **Total Common Stocks** (Cost $81,487,106) |  | &nbsp;&nbsp; **107833868** |
| **Securities Lending Collateral 1.5%** | **Securities Lending Collateral 1.5%** | **Securities Lending Collateral 1.5%** |
| &nbsp;&nbsp;&nbsp; DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional <br> Shares", 4.05% (b) (c) (Cost $1,740,969)<br>| 1740969 | &nbsp;&nbsp; **1740969** |
| **Cash Equivalents 2.8%** | **Cash Equivalents 2.8%** | **Cash Equivalents 2.8%** |
| DWS Central Cash Management Government Fund, 4.18% (b) (Cost $3,123,329) | 3123329 | &nbsp;&nbsp; **3123329** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **% of** <br>**Net Assets**<br>| **Value ($)** |
| **Total Investment Portfolio** (Cost $86,351,404) | 101.0 | &nbsp;&nbsp; **112698166** |
| **Other Assets and Liabilities, Net** | (1.0)<br>| &nbsp;&nbsp; **(1164718)**<br>|
| **Net Assets** | 100.0 | &nbsp;&nbsp; **111533448** |

---

*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 September 30, 2025 are as follows:* 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Value ($) at** <br>**12/31/2024**<br>| &nbsp;&nbsp; **Purchases** <br>**Cost ($)**<br>| &nbsp;&nbsp; **Sales** <br>**Proceeds ($)**<br>| &nbsp;&nbsp; **Net Realized** <br>**Gain/** <br>**(Loss) ($)**<br>| &nbsp;&nbsp; **Net Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation) ($)**<br>| **Income ($)** | &nbsp;&nbsp; **Capital Gain** <br>**Distributions ($)**<br>| &nbsp;&nbsp; **Number** <br>**of Shares** <br>**at** <br>**9/30/2025**<br>| &nbsp;&nbsp; **Value ($) at** <br>**9/30/2025**<br>|
| **Securities Lending Collateral 1.5%** | **Securities Lending Collateral 1.5%** | **Securities Lending Collateral 1.5%** | **Securities Lending Collateral 1.5%** | **Securities Lending Collateral 1.5%** | **Securities Lending Collateral 1.5%** | **Securities Lending Collateral 1.5%** | **Securities Lending Collateral 1.5%** | **Securities Lending Collateral 1.5%** |
| DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.05% (b) (c) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.05% (b) (c) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.05% (b) (c) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.05% (b) (c) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.05% (b) (c) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.05% (b) (c) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.05% (b) (c) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.05% (b) (c) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.05% (b) (c) |
| —  | 1,740,969 (d) | —  | —  | —  | 20230  | —  | 1740969  | 1740969  |
| **Cash Equivalents 2.8%** | **Cash Equivalents 2.8%** | **Cash Equivalents 2.8%** | **Cash Equivalents 2.8%** | **Cash Equivalents 2.8%** | **Cash Equivalents 2.8%** | **Cash Equivalents 2.8%** | **Cash Equivalents 2.8%** | **Cash Equivalents 2.8%** |
| DWS Central Cash Management Government Fund, 4.18% (b) | DWS Central Cash Management Government Fund, 4.18% (b) | DWS Central Cash Management Government Fund, 4.18% (b) | DWS Central Cash Management Government Fund, 4.18% (b) | DWS Central Cash Management Government Fund, 4.18% (b) | DWS Central Cash Management Government Fund, 4.18% (b) | DWS Central Cash Management Government Fund, 4.18% (b) | DWS Central Cash Management Government Fund, 4.18% (b) | DWS Central Cash Management Government Fund, 4.18% (b) |
| 2197800  | 30965396  | 30039867  | —  | —  | 117021  | —  | 3123329  | 3123329  |
| **2197800** | **32706365** | **30039867** | **—** | **—** | **137251** | **—** | **4864298** | **4864298** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

*\** *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 September 30, 2025 amounted to $1,728,915, which is 1.6% 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.*

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;*(d)* *Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period* *ended September 30, 2025.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| *144A: Security exempt from registration under Rule 144A under the Securities Act of 1933. These securities may be resold in* <br> *transactions exempt from registration, normally to qualified institutional buyers.*<br>|
| *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 September 30, 2025 in valuing the Fund's investments.* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aerospace & Defense  | $458820 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $458820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Broadline Retail  | 9300633 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 9300633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Markets  | 1280745 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1280745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diversified Consumer Services  | 886347 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 886347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diversified Telecommunication Services  | 3097864 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 3097864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment  | 2287703 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2287703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entertainment  | 11635148 | &nbsp;&nbsp; 1052581 | &nbsp;&nbsp; — | &nbsp;&nbsp; 12687729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Services  | 1415129 | &nbsp;&nbsp; 738203 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2153332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ground Transportation  | 1703502 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1703502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Supplies  | 1244194 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1244194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care Technology  | 680946 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 680946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure  | 3300312 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 3300312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Household Durables  |  | &nbsp;&nbsp; 897522 | &nbsp;&nbsp; — | &nbsp;&nbsp; 897522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insurance  |  | &nbsp;&nbsp; 34600 | &nbsp;&nbsp; — | &nbsp;&nbsp; 34600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interactive Media & Services  | 6092792 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 6092792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IT Services  | 5040524 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 5040524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Media  | 2349028 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2349028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Professional Services  |  | &nbsp;&nbsp; 1304359 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1304359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment  | 18945233 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 18945233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Software  | 22526313 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 22526313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Specialized REITs  | 1545647 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1545647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware, Storage & Peripherals  | 10015723 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 10015723 |
| Short-Term Investments (a) | 4864298 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 4864298 |
| **Total** | **$108670901** | &nbsp;&nbsp; **$4027265** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$112698166** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* *See Investment Portfolio for additional detailed categorizations.* 

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.

DDHF-PH3

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** DEUTSCHE DWS SECURITIES TRUST

- **b. Investment Company Act file number:** 811-02021

- **c. CIK number of Registrant:** 0000088048

- **d. LEI of Registrant:** 7SL8QTS97H1HUY8AHM73

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 875 Third Avenue

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022-6225

  - **Telephone number:** 212-454-4500

**Item A.2. Information about the Series.**

- **a. Name of Series:** DWS Digital Horizons Fund

- **b. EDGAR series identifier (if any):** S000032042

- **c. LEI of Series:** 47MVHNT0S0WTB03Q1851

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $113355784.31

**Total Liabilities:** $1990172.41

**Net Assets:** $111365611.90

**Cash Not Reported:** $124500.15

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237496 | 3.07%                | 1.00%                | 3.91%                |
| Class ID C000099770 | 3.03%                | 0.99%                | 3.89%                |
| Class ID C000099773 | 3.10%                | 1.00%                | 3.94%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2041167.33              | $1265915.73                                |
| Month 2  | $127363.19               | $959659.55                                 |
| Month 3  | $340139.20               | $3854204.05                                |

### Schedule of Portfolio Investments

| Name                               | Title                                                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Universal Music Group NV           | Universal Music Group NV                                                              | CUSIP: 000000000<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |     36409 | NS      | $1052581.06   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Nebius Group NV                    | Nebius Group NV                                                                       | CUSIP: 000000000<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | EC               | CORP              | NL        |     14244 | NS      | $1599173.88   | 1.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Cloudflare Inc                     | Cloudflare Inc                                                                        | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      5405 | NS      | $1159858.95   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc              | Uber Technologies Inc                                                                 | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     17388 | NS      | $1703502.36   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| JFrog Ltd                          | JFrog Ltd                                                                             | CUSIP: 000000000<br>LEI: 2549002N8E00AY49G567 | Long             | EC               | CORP              | IL        |     22115 | NS      | $1046702.95   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                    | Sony Group Corp                                                                       | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     31200 | NS      | $897522.49    | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Voyager Technologies Inc           | Voyager Technologies Inc                                                              | CUSIP: 92892B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $297800.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Sea Ltd                            | Sea Ltd                                                                               | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |      5969 | NS      | $1066839.37   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA              | Spotify Technology SA                                                                 | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      3797 | NS      | $2650306.00   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc              | Robinhood Markets Inc                                                                 | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |      8945 | NS      | $1280745.10   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| IonQ Inc                           | IonQ Inc                                                                              | CUSIP: 46222L108<br>LEI: 529900RB2VEFGLQS7G28 | Long             | EC               | CORP              | US        |      5173 | NS      | $318139.50    | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Alphabet Inc                       | Alphabet Inc                                                                          | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      2125 | NS      | $516587.50    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                          | Block Inc                                                                             | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |      7739 | NS      | $559297.53    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                           | RELX PLC                                                                              | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |     27300 | NS      | $1304358.68   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp                     | Microsoft Corp                                                                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     20327 | NS      | $10528369.65  | 9.45%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                | American Tower Corp                                                                   | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |      5449 | NS      | $1047951.68   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk Inc/The                 | Trade Desk Inc/The                                                                    | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     17109 | NS      | $838512.09    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                           | Adyen NV                                                                              | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |       459 | NS      | $738203.24    | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp                        | NVIDIA Corp                                                                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     80506 | NS      | $15020809.48  | 13.49%            |  |  |  | No            |                  1 | On Loan: No      |
| Monday.com Ltd                     | Monday.com Ltd                                                                        | CUSIP: 000000000<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |      1913 | NS      | $370528.97    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc  | Take-Two Interactive Software Inc                                                     | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      6409 | NS      | $1655829.24   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                       | Duolingo Inc                                                                          | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2754 | NS      | $886347.36    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp                  | Bloom Energy Corp                                                                     | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     27051 | NS      | $2287703.07   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                   | Crown Castle Inc                                                                      | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |      5158 | NS      | $497695.42    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                 | Walt Disney Co/The                                                                    | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      7961 | NS      | $911534.50    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                       | Doximity Inc                                                                          | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3022 | NS      | $221059.30    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambiq Micro Inc                    | Ambiq Micro Inc                                                                       | CUSIP: 023193105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13027 | NS      | $389767.84    | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| GoDaddy Inc                        | GoDaddy Inc                                                                           | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |      4941 | NS      | $676077.03    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                         | Airbnb Inc                                                                            | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |      3806 | NS      | $462124.52    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS                                | DWS Government & Agency Securities Portfolio DWS Government Cash Institutional Shares | CUSIP: 147539670<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1740969 | NS      | $1740969.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                        | Nutanix Inc                                                                           | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |      8647 | NS      | $643250.33    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                       | DoorDash Inc                                                                          | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      6817 | NS      | $1854155.83   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                        | Netflix Inc                                                                           | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      2040 | NS      | $2445796.80   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc             | Intuitive Surgical Inc                                                                | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      2782 | NS      | $1244193.86   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                           | AT&T Inc                                                                              | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     81014 | NS      | $2287835.36   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                       | Broadcom Inc                                                                          | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     10714 | NS      | $3534655.74   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies Inc           | Procore Technologies Inc                                                              | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |      3933 | NS      | $286794.36    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Phreesia Inc                       | Phreesia Inc                                                                          | CUSIP: 71944F106<br>LEI: 5493000HHF8NU4QOCG53 | Long             | EC               | CORP              | US        |     19553 | NS      | $459886.56    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Criteo SA                          | Criteo SA                                                                             | CUSIP: 226718104<br>LEI: 969500EELFB4RDMFHA76 | Long             | EC               | CORP              | FR        |     29720 | NS      | $671672.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                     | DraftKings Inc                                                                        | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |     26311 | NS      | $984031.40    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                      | Snowflake Inc                                                                         | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |      5781 | NS      | $1303904.55   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                 | Meta Platforms Inc                                                                    | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      6460 | NS      | $4744094.80   | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Braze Inc                          | Braze Inc                                                                             | CUSIP: 10576N102<br>LEI: 9845007B9EDBFD37C277 | Long             | EC               | CORP              | US        |     37064 | NS      | $1054100.16   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab Inc                         | Gitlab Inc                                                                            | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |     16728 | NS      | $754098.24    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Elastic NV                         | Elastic NV                                                                            | CUSIP: 000000000<br>LEI: 2549003I48WHHH937I59 | Long             | EC               | CORP              | NL        |      5932 | NS      | $501194.68    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications Inc            | Zoom Communications Inc                                                               | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |     13780 | NS      | $1136850.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc      | Live Nation Entertainment Inc                                                         | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     15095 | NS      | $2466523.00   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Docusign Inc                       | Docusign Inc                                                                          | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     13581 | NS      | $979054.29    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS                                | DWS Central Cash Management Government Fund                                           | CUSIP: 25160K306<br>LEI: 5493003GD84DGSXJ7618 | Long             | STIV             | RF                | US        |   3111568 | NS      | $3111568.34   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                        | Shopify Inc                                                                           | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      5893 | NS      | $875758.73    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Financial Group Inc           | Sony Financial Group Inc                                                              | CUSIP: 000000000<br>LEI: 353800O7BDSU41WOZA60 | Long             | EC               | CORP              | JP        |     31200 | NS      | $34599.86     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Unity Software Inc                 | Unity Software Inc                                                                    | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |      5996 | NS      | $240079.84    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                      | Pinterest Inc                                                                         | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25866 | NS      | $832109.22    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                        | ROBLOX Corp                                                                           | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10866 | NS      | $1505158.32   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Jamf Holding Corp                  | Jamf Holding Corp                                                                     | CUSIP: 47074L105<br>LEI: 254900IHLXZU4Z5ANA12 | Long             | EC               | CORP              | US        |     28342 | NS      | $303259.40    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                          | Apple Inc                                                                             | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     38085 | NS      | $9697583.55   | 8.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogent Communications Holdings Inc | Cogent Communications Holdings Inc                                                    | CUSIP: 19239V302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21122 | NS      | $810028.70    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                      | AppLovin Corp                                                                         | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      2587 | NS      | $1858862.98   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Times Co/The              | New York Times Co/The                                                                 | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |     14614 | NS      | $838843.60    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                   | MercadoLibre Inc                                                                      | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       856 | NS      | $2000420.64   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc              | Commvault Systems Inc                                                                 | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |      8925 | NS      | $1684861.50   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                          | Toast Inc                                                                             | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |     23441 | NS      | $855830.91    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Wix.com Ltd                        | Wix.com Ltd                                                                           | CUSIP: 000000000<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |      5770 | NS      | $1024925.10   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                     | Amazon.com Inc                                                                        | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     28389 | NS      | $6233372.73   | 5.60%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-29

**Name of Applicant:** DEUTSCHE DWS SECURITIES TRUST

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer