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
 
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
60 Wall Street
New York, NY 10005
(Name and address of agent for service)
 
Registrant's telephone number, including area code:   (212) 250-3220
 
Date of fiscal year end:   9/30
 
Date of reporting period:   12/31/2013

ITEM 1.
SCHEDULE OF INVESTMENTS


Investment Portfolio   as of   December 31, 2013  (Unaudited)
 
DWS Core Equity Fund
 
Shares
 
Value ($)
 
 
 
Common Stocks 99.8%
 
Consumer Discretionary 14.0%
 
Auto Components 1.1%
 
BorgWarner, Inc. (a)
 
643,508
 
35,978,532
 
Hotels, Restaurants & Leisure 1.7%
 
Las Vegas Sands Corp.
 
273,408
 
21,563,689
 
Starwood Hotels & Resorts Worldwide, Inc.
 
407,299
 
32,359,906
 
 
 
53,923,595
 
Internet & Catalog Retail 1.3%
 
Amazon.com, Inc.*
 
71,081
 
28,346,392
 
Expedia, Inc. (a)
 
218,741
 
15,237,498
 
 
 
43,583,890
 
Media 1.8%
 
Comcast Corp. "A" (a)
 
525,641
 
27,314,934
 
Twenty-First Century Fox, Inc. "A"
 
832,783
 
29,297,306
 
 
 
56,612,240
 
Multiline Retail 0.7%
 
Macy's, Inc.
 
429,831
 
22,952,975
 
Specialty Retail 4.0%
 
Dick's Sporting Goods, Inc.
 
598,467
 
34,770,933
 
Home Depot, Inc.
 
622,331
 
51,242,735
 
L Brands, Inc.
 
716,218
 
44,298,083
 
 
 
130,311,751
 
Textiles, Apparel & Luxury Goods 3.4%
 
NIKE, Inc. "B"
 
1,032,229
 
81,174,489
 
VF Corp.
 
441,744
 
27,538,321
 
 
 
108,712,810
 
Consumer Staples 8.5%
 
Beverages 2.3%
 
Beam, Inc.
 
336,325
 
22,890,280
 
PepsiCo, Inc.
 
617,828
 
51,242,654
 
 
 
74,132,934
 
Food & Staples Retailing 2.5%
 
Costco Wholesale Corp.
 
320,128
 
38,098,433
 
Whole Foods Market, Inc.
 
756,609
 
43,754,699
 
 
 
81,853,132
 
Food Products 2.2%
 
Hillshire Brands Co.
 
947,185
 
31,673,866
 
Kraft Foods Group, Inc.
 
731,268
 
39,429,971
 
 
 
71,103,837
 
Household Products 1.5%
 
Procter & Gamble Co.
 
581,754
 
47,360,593
 
Energy 9.5%
 
Energy Equipment & Services 2.5%
 
Halliburton Co.
 
1,000,821
 
50,791,666
 
Schlumberger Ltd.
 
338,467
 
30,499,261
 
 
 
81,290,927
 
Oil, Gas & Consumable Fuels 7.0%
 
Anadarko Petroleum Corp.
 
255,589
 
20,273,319
 
Antero Resources Corp.*
 
290,015
 
18,398,552
 
Chevron Corp.
 
796,809
 
99,529,412
 
EOG Resources, Inc.
 
248,290
 
41,672,994
 
Pioneer Natural Resources Co.
 
133,615
 
24,594,513
 
Valero Energy Corp.
 
438,223
 
22,086,439
 
 
 
226,555,229
 
Financials 16.9%
 
Capital Markets 6.4%
 
Affiliated Managers Group, Inc.*
 
336,826
 
73,050,823
 
Ameriprise Financial, Inc.
 
744,465
 
85,650,698
 
Charles Schwab Corp.
 
1,898,405
 
49,358,530
 
 
 
208,060,051
 
Consumer Finance 1.7%
 
Discover Financial Services
 
1,006,291
 
56,301,981
 
Diversified Financial Services 5.1%
 
Citigroup, Inc.
 
1,515,957
 
78,996,519
 
JPMorgan Chase & Co.
 
1,442,362
 
84,349,330
 
 
 
163,345,849
 
Insurance 3.3%
 
Prudential Financial, Inc.
 
747,818
 
68,963,776
 
The Travelers Companies, Inc.
 
419,713
 
38,000,815
 
 
 
106,964,591
 
Real Estate Investment Trusts 0.4%
 
Extra Space Storage, Inc. (REIT)
 
267,027
 
11,249,848
 
Health Care 15.6%
 
Biotechnology 6.4%
 
Celgene Corp.*
 
402,165
 
67,949,798
 
Gilead Sciences, Inc.*
 
1,126,102
 
84,626,565
 
Medivation, Inc.*
 
475,136
 
30,323,180
 
NPS Pharmaceuticals, Inc.* (a)
 
766,163
 
23,260,709
 
 
 
206,160,252
 
Health Care Equipment & Supplies 2.3%
 
CareFusion Corp.*
 
1,054,705
 
41,998,353
 
The Cooper Companies, Inc.
 
275,199
 
34,080,644
 
 
 
76,078,997
 
Health Care Providers & Services 3.8%
 
Express Scripts Holding Co.*
 
831,518
 
58,405,824
 
McKesson Corp.
 
371,169
 
59,906,677
 
Premier, Inc. "A"* (a)
 
102,865
 
3,781,317
 
 
 
122,093,818
 
Life Sciences Tools & Services 1.8%
 
Thermo Fisher Scientific, Inc. (a)
 
514,412
 
57,279,776
 
Pharmaceuticals 1.3%
 
Merck & Co., Inc.
 
830,828
 
41,582,942
 
Industrials 11.7%
 
Aerospace & Defense 1.9%
 
Boeing Co.
 
266,262
 
36,342,100
 
TransDigm Group, Inc.
 
163,046
 
26,253,667
 
 
 
62,595,767
 
Electrical Equipment 3.5%
 
AMETEK, Inc.
 
977,284
 
51,473,548
 
Regal-Beloit Corp.
 
249,738
 
18,410,685
 
Roper Industries, Inc.
 
322,608
 
44,739,278
 
 
 
114,623,511
 
Industrial Conglomerates 2.5%
 
General Electric Co.
 
2,858,067
 
80,111,618
 
Machinery 2.4%
 
Parker Hannifin Corp.
 
321,639
 
41,375,641
 
SPX Corp.
 
351,975
 
35,060,230
 
 
 
76,435,871
 
Road & Rail 1.4%
 
Norfolk Southern Corp. (a)
 
479,329
 
44,496,111
 
Information Technology 18.0%
 
Communications Equipment 1.2%
 
Alcatel-Lucent (ADR)
 
3,581,429
 
15,758,288
 
CommScope Holding Co., Inc.*
 
1,174,030
 
22,212,647
 
 
 
37,970,935
 
Computers & Peripherals 3.5%
 
Apple, Inc.
 
174,754
 
98,056,217
 
Stratasys Ltd.* (a)
 
125,988
 
16,970,583
 
 
 
115,026,800
 
Internet Software & Services 5.0%
 
eBay, Inc.*
 
691,387
 
37,950,232
 
Google, Inc. "A"*
 
89,715
 
100,544,498
 
LinkedIn Corp. "A"*
 
105,501
 
22,875,782
 
 
 
161,370,512
 
IT Services 2.1%
 
Accenture PLC "A"
 
150,269
 
12,355,117
 
Visa, Inc. "A" (a)
 
243,332
 
54,185,170
 
 
 
66,540,287
 
Semiconductors & Semiconductor Equipment 0.5%
 
Avago Technologies Ltd.
 
317,801
 
16,808,495
 
Software 5.7%
 
Citrix Systems, Inc.*
 
524,816
 
33,194,612
 
FireEye, Inc.* (a)
 
198,794
 
8,669,406
 
Intuit, Inc.
 
380,982
 
29,076,546
 
Microsoft Corp.
 
1,141,464
 
42,724,998
 
Salesforce.com, Inc.*
 
321,460
 
17,741,378
 
Solera Holdings, Inc.
 
361,778
 
25,599,411
 
VMware, Inc. "A"* (a)
 
314,278
 
28,193,879
 
 
 
185,200,230
 
Materials 3.4%
 
Chemicals 3.0%
 
Ecolab, Inc.
 
444,368
 
46,334,251
 
LyondellBasell Industries NV "A"
 
271,515
 
21,797,224
 
Monsanto Co.
 
245,201
 
28,578,177
 
 
 
96,709,652
 
Metals & Mining 0.4%
 
Freeport-McMoRan Copper & Gold, Inc.
 
399,704
 
15,084,829
 
Telecommunication Services 0.9%
 
Wireless Telecommunication Services
 
Crown Castle International Corp.*
 
381,555
 
28,017,584
 
Utilities 1.3%
 
Electric Utilities 0.9%
 
NextEra Energy, Inc.
 
342,181
 
29,297,537
 
Water Utilities 0.4%
 
American Water Works Co., Inc.
 
324,694
 
13,721,569
 
 
Total Common Stocks (Cost $2,682,639,534)
 
3,227,501,858
 
 
 
Securities Lending Collateral 7.0%
 
Daily Assets Fund Institutional, 0.08% (b) (c) (Cost $226,325,359)
   
226,325,359
 
226,325,359
 
 
 
Cash Equivalents 0.4%
 
Central Cash Management Fund, (b) 0.05% (Cost $12,893,136)
   
12,893,136
 
12,893,136
 
         
 
% of
Net Assets
 
Value ($)
 
 
Total Investment Portfolio (Cost $2,921,858,029) †
107.2
 
3,466,720,353
 
Other Assets and Liabilities, Net
(7.2)
 
(233,341,498)
 
 
Net Assets
100.0
 
3,233,378,855
 

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 $2,924,465,307.  At December 31, 2013, net unrealized appreciation for all securities based on tax cost was $542,255,046.  This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $554,133,510 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $11,878,464.
(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 December 31, 2013 amounted to $223,232,721, which is 6.9% of net assets.
(b)
Affiliated fund managed by Deutsche Investment Management Americas Inc.  The rate shown is the annualized seven-day yield at period end.
(c)
Represents collateral held in connection with securities lending.  Income earned by the Fund is net of borrower rebates.
ADR: American Depositary Receipt
REIT: Real Estate Investment Trust
 

 
Fair Value Measurements

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).  The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.

The following is a summary of the inputs used as of December 31, 2013 in valuing the Fund's investments.

Assets
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stocks ( d)
  $ 3,227,501,858     $ —     $ —     $ 3,227,501,858  
Short-Term Investments (d)
    239,218,495       —       —       239,218,495  
Total
  $ 3,466,720,353     $ —     $ —     $ 3,466,720,353  

There have been no transfers between fair value measurement levels during the period ended December 31, 2013.
 
 
(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 Core Equity Fund, a series of DWS Investment Trust
   
By:
/s/Brian E. Binder
Brian E. Binder
President
   
Date:
February 21, 2014


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/Brian E. Binder
Brian E. Binder
President
   
Date:
February 21, 2014
   
   
   
By:
/s/Paul Schubert
Paul Schubert
Chief Financial Officer and Treasurer
   
Date:
February 21, 2014

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