# FLOSSBACH VON STORCH SE

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1575677. Source: https://holderbook.com/funds/1575677-flossbach-von-storch-se/

- Reported value: $22.1B
- Positions: 106
- Weight of the ten largest: 49.4%
- Filed: 2026-08-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.6B | 4,408,262 | 7.1% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.3B | 5,500,511 | 5.9% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.3B | 3,394,977 | 5.7% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.3B | 2,508,197 | 5.7% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $997.4M | 5,656,967 | 4.5% | 22 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $987.9M | 10,706,944 | 4.5% | 21 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $955.6M | 1,905,975 | 4.3% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $930.2M | 3,214,624 | 4.2% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $902.9M | 9,950,828 | 4.1% | 31 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $747.3M | 3,923,035 | 3.4% | 31 |
| FORTIVE CORP | [FTV](https://holderbook.com/stocks/FTV/) | $739.7M | 12,107,839 | 3.3% | 31 |
| AMETEK INC | [AME](https://holderbook.com/stocks/AME/) | $662.4M | 2,737,670 | 3.0% | 31 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $649.9M | 5,279,021 | 2.9% | 22 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $642.5M | 1,577,668 | 2.9% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $520.2M | 1,516,328 | 2.4% | 31 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $488.7M | 11,905,339 | 2.2% | 31 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $464.5M | 1,475,371 | 2.1% | 31 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $448.3M | 1,324,865 | 2.0% | 30 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $438.5M | 845,040 | 2.0% | 9 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $393.5M | 1,966,637 | 1.8% | 11 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $345.9M | 2,554,594 | 1.6% | 31 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $318.8M | 187,847 | 1.4% | 31 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $309.9M | 2,490,138 | 1.4% | 20 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $302.6M | 4,210,978 | 1.4% | 1 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $296.8M | 2,023,783 | 1.3% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $275.1M | 535,581 | 1.2% | 31 |
| RALLIANT CORP | [RAL](https://holderbook.com/stocks/RAL/) | $222.5M | 3,021,324 | 1.0% | 5 |
| MAGNUM ICE CREAM CO NV | [MICC](https://holderbook.com/stocks/MICC/) | $218.5M | 12,556,043 | 1.0% | 3 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $215.7M | 543,130 | 1.0% | 9 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $212.6M | 377,436 | 1.0% | 31 |
| LULULEMON ATHLETICA INC | [LULU](https://holderbook.com/stocks/LULU/) | $207.4M | 1,816,360 | 0.9% | 9 |
| BIONTECH SE | [BNTX](https://holderbook.com/stocks/BNTX/) | $207.1M | 2,226,138 | 0.9% | 18 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $184.4M | 386,030 | 0.8% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $168.4M | 622,833 | 0.8% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $149.5M | 206,808 | 0.7% | 13 |
| IDEX CORP | [IEX](https://holderbook.com/stocks/IEX/) | $146.8M | 646,867 | 0.7% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $145.3M | 384,529 | 0.7% | 6 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $144.7M | 569,949 | 0.7% | 31 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $136.7M | 396,877 | 0.6% | 22 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $94.8M | 169,324 | 0.4% | 18 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $87.9M | 336,713 | 0.4% | 27 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $85.2M | 1,089,386 | 0.4% | 31 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $81.2M | 705,223 | 0.4% | 26 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $74.4M | 459,784 | 0.3% | 31 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $70.5M | 2,501,307 | 0.3% | 19 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $70.3M | 891,940 | 0.3% | 22 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $67.7M | 191,900 | 0.3% | 25 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $60.6M | 387,019 | 0.3% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $58.6M | 208,507 | 0.3% | 4 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $58.1M | 323,452 | 0.3% | 24 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $56.9M | 788,377 | 0.3% | 10 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $54.8M | 111,490 | 0.2% | 4 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $46.2M | 259,026 | 0.2% | 31 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $41.4M | 43,100 | 0.2% | 7 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $40.5M | 498,232 | 0.2% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $35.5M | 497,453 | 0.2% | 21 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $33.0M | 71,921 | 0.1% | 6 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $32.3M | 236,431 | 0.1% | 31 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $30.9M | 397,364 | 0.1% | 3 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $30.8M | 91,144 | 0.1% | 17 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $29.4M | 1,139,310 | 0.1% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $25.6M | 168,727 | 0.1% | 31 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $24.7M | 269,501 | 0.1% | 31 |
| FERRARI N V | [RACE](https://holderbook.com/stocks/RACE/) | $23.0M | 62,056 | 0.1% | 22 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $21.7M | 80,271 | 0.1% | 26 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $20.0M | 176,957 | 0.1% | 31 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $17.7M | 116,897 | 0.1% | 31 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $17.2M | 168,059 | 0.1% | 16 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $15.1M | 67,603 | 0.1% | 31 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $11.8M | 55,389 | 0.1% | 31 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $11.0M | 24,240 | 0.0% | 23 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $9.8M | 101,636 | 0.0% | 31 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $9.1M | 17,270 | 0.0% | 11 |
| MARKETAXESS HLDGS INC | [MKTX](https://holderbook.com/stocks/MKTX/) | $8.5M | 75,000 | 0.0% | 12 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $8.4M | 197,549 | 0.0% | 31 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $6.7M | 46,684 | 0.0% | 11 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $6.0M | 65,467 | 0.0% | 10 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $5.3M | 400,000 | 0.0% | 19 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $5.3M | 45,000 | 0.0% | 8 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $5.2M | 19,155 | 0.0% | 31 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $4.4M | 75,386 | 0.0% | 29 |
| ICICI BANK LIMITED | [IBN](https://holderbook.com/stocks/IBN/) | $3.3M | 115,000 | 0.0% | 12 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $3.0M | 4 | 0.0% | 31 |
| MAKEMYTRIP LIMITED MAURITIUS | [MMYT](https://holderbook.com/stocks/MMYT/) | $2.7M | 50,000 | 0.0% | 10 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $2.5M | 23,640 | 0.0% | 31 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $2.1M | 13,989 | 0.0% | 4 |
| COUPANG INC | [CPNG](https://holderbook.com/stocks/CPNG/) | $2.1M | 120,000 | 0.0% | 19 |
| FOMENTO ECONOMICO MEXICANO S | [FMX](https://holderbook.com/stocks/FMX/) | $2.0M | 15,500 | 0.0% | 9 |
| SEA LTD | [SE](https://holderbook.com/stocks/SE/) | $1.7M | 18,000 | 0.0% | 3 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $1.4M | 35,000 | 0.0% | 13 |
| JAZZ INVESTMENTS I LTD | - | $1.2M | 700,000 | 0.0% | 1 |
| TRIP COM GROUP LTD | [TCOM](https://holderbook.com/stocks/TCOM/) | $1.2M | 30,000 | 0.0% | 5 |
| NETEASE COM INC | [NTES](https://holderbook.com/stocks/NTES/) | $1.1M | 8,500 | 0.0% | 19 |
| UBER TECHNOLOGIES INC | - | $1.1M | 900,000 | 0.0% | 7 |
| ETSY INC | - | $1.0M | 1,100,000 | 0.0% | 17 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $826.1K | 2,338 | 0.0% | 23 |
| CHECK POINT SOFTWARE TECH LT | [CHKP](https://holderbook.com/stocks/CHKP/) | $756.5K | 5,756 | 0.0% | 4 |
| OLD DOMINION FREIGHT LINE IN | [ODFL](https://holderbook.com/stocks/ODFL/) | $684.2K | 3,159 | 0.0% | 10 |
| SNAP INC | - | $670.8K | 700,000 | 0.0% | 17 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $585.9K | 1,561 | 0.0% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +3.6% | +14.8% | -11.3% | 100% |
| Q1 2026 | -8.4% | -4.6% | -3.8% | 100% |
| Q4 2025 | +4.8% | +2.4% | +2.4% | 100% |
| Q3 2025 | +4.4% | +7.8% | -3.4% | 100% |
| Q2 2025 | +4.4% | +10.5% | -6.1% | 100% |
| Q1 2025 | -1.3% | -4.6% | +3.3% | 100% |
| Q4 2024 | +0.3% | +2.1% | -1.9% | 100% |
| Q3 2024 | +7.0% | +5.4% | +1.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $22.1B | 106 |
| Q1 2026 | $21.4B | 109 |
| Q4 2025 | $25.2B | 111 |
| Q3 2025 | $25.4B | 119 |
| Q2 2025 | $24.5B | 112 |
| Q1 2025 | $23.1B | 134 |
| Q4 2024 | $25.1B | 111 |
| Q3 2024 | $25.5B | 113 |
| Q2 2024 | $23.9B | 112 |
| Q1 2024 | $23.0B | 115 |
| Q4 2023 | $21.9B | 114 |
| Q3 2023 | $22.7B | 110 |