FLOSSBACH VON STORCH SE
Reported holdings as of Q2 2026, from 31 quarterly filings.
This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ALPHABET INC | GOOGL | $1.6B | 4,408,262 | +0.42pp | 31q | -11.8%-$211.0M | |
| AMAZON COM INC | AMZN | $1.3B | 5,500,511 | +0.13pp | 31q | -7.8%-$110.2M | |
| MICROSOFT CORP | MSFT | $1.3B | 3,394,977 | -0.36pp | 31q | -3.7%-$48.1M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $1.3B | 2,508,197 | -0.14pp | 31q | -3.6%-$46.3M | |
| AMPHENOL CORP | APH | $997.4M | 5,656,967 | +1.23pp | 22q | +1.6%+$15.6M | |
| SCHWAB CHARLES CORP | SCHW | $987.9M | 10,706,944 | -0.21pp | 21q | HELD | |
| THERMO FISHER SCIENTIFIC INC | TMO | $955.6M | 1,905,975 | -0.16pp | 31q | -2.5%-$24.1M | |
| APPLE INC | AAPL | $930.2M | 3,214,624 | +0.99pp | 31q | +18.5%+$145.3M | |
| ABBOTT LABORATORIES | ABT | $902.9M | 9,950,828 | +0.32pp | 31q | +26.6%+$189.9M | |
| DANAHER CORP DEL | DHR | $747.3M | 3,923,035 | -0.16pp | 31q | -1.8%-$13.9M | |
| FORTIVE CORP | FTV | $739.7M | 12,107,839 | +0.27pp | 31q | +1.7%+$12.5M | |
| AMETEK INC | AME | $662.4M | 2,737,670 | -0.46pp | 31q | -20.8%-$174.3M | |
| INTERCONTINENTAL EXCHANGE IN | ICE | $649.9M | 5,279,021 | -0.68pp | 22q | +6.9%+$41.9M | |
| S&P GLOBAL INC | SPGI | $642.5M | 1,577,668 | +0.15pp | 31q | +13.7%+$77.3M | |
| VISA INC | V | $520.2M | 1,516,328 | -0.50pp | 31q | -25.0%-$173.5M | |
| NIKE INC | NKE | $488.7M | 11,905,339 | -0.79pp | 31q | -2.3%-$11.6M | |
| STRYKER CORPORATION | SYK | $464.5M | 1,475,371 | +1.27pp | 31q | +173.5%+$294.6M | |
| ROPER TECHNOLOGIES INC | ROP | $448.3M | 1,324,865 | -0.06pp | 30q | +4.8%+$20.7M | |
| LINDE PLC | LIN | $438.5M | 845,040 | +0.08pp | 9q | +2.8%+$11.8M | |
| NVIDIA CORPORATION | NVDA | $393.5M | 1,966,637 | +1.52pp | 11q | +506.4%+$328.6M | |
| PEPSICO INC | PEP | $345.9M | 2,554,594 | -1.86pp | 31q | -45.9%-$293.9M | |
| MERCADOLIBRE INC | MELI | $318.8M | 187,847 | -0.07pp | 31q | HELD | |
| ACCENTURE PLC IRELAND | ACN | $309.9M | 2,490,138 | -0.79pp | 20q | +5.3%+$15.6M | |
| ZOETIS INC | ZTS | $302.6M | 4,210,978 | - | new | NEW | |
| PROCTER & GAMBLE CO | PG | $296.8M | 2,023,783 | -0.19pp | 31q | -10.8%-$36.0M | |
| MASTERCARD INCORPORATED | MA | $275.1M | 535,581 | +0.01pp | 31q | +1.1%+$3.1M | |
| RALLIANT CORP | RAL | $222.5M | 3,021,324 | +0.29pp | 5q | -18.5%-$50.5M | |
| MAGNUM ICE CREAM CO NV | MICC | $218.5M | 12,556,043 | +0.58pp | 3q | +113.2%+$116.0M | |
| ANALOG DEVICES INC | ADI | $215.7M | 543,130 | +0.04pp | 9q | -14.1%-$35.5M | |
| META PLATFORMS INC | META | $212.6M | 377,436 | -0.10pp | 31q | -4.9%-$10.9M | |
| LULULEMON ATHLETICA INC | LULU | $207.4M | 1,816,360 | -0.39pp | 9q | -2.2%-$4.7M | |
| BIONTECH SE | BNTX | $207.1M | 2,226,138 | -0.59pp | 18q | -39.5%-$135.3M | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $184.4M | 386,030 | +0.47pp | 31q | +69.1%+$75.3M | |
| MCDONALDS CORP | MCD | $168.4M | 622,833 | +0.04pp | 31q | +24.8%+$33.4M | |
| APPLIED MATLS INC | AMAT | $149.5M | 206,808 | +0.04pp | 13q | -47.8%-$136.9M | |
| IDEX CORP | IEX | $146.8M | 646,867 | +0.01pp | 6q | -12.6%-$21.2M | |
| BROADCOM INC | AVGO | $145.3M | 384,529 | +0.27pp | 6q | +41.7%+$42.8M | |
| JOHNSON & JOHNSON | JNJ | $144.7M | 569,949 | -0.60pp | 31q | -48.0%-$133.8M | |
| SHERWIN WILLIAMS CO | SHW | $136.7M | 396,877 | flat | 22q | -4.5%-$6.4M | |
| MSCI INC | MSCI | $94.8M | 169,324 | -0.13pp | 18q | -23.5%-$29.1M | |
| INTUIT | INTU | $87.9M | 336,713 | -0.30pp | 27q | -2.3%-$2.1M | |
| MEDTRONIC PLC | MDT | $85.2M | 1,089,386 | -0.15pp | 31q | -17.3%-$17.9M | |
| DOLLAR GEN CORP | DG | $81.2M | 705,223 | -0.01pp | 26q | +3.7%+$2.9M | |
| 3M CO | MMM | $74.4M | 459,784 | -0.05pp | 31q | -19.3%-$17.8M | |
| COPART INC | CPRT | $70.5M | 2,501,307 | -0.03pp | 19q | +12.6%+$7.9M | |
| NASDAQ INC | NDAQ | $70.3M | 891,940 | +0.05pp | 22q | +30.2%+$16.3M | |
| HOME DEPOT INC | HD | $67.7M | 191,900 | +0.24pp | 25q | +322.4%+$51.7M | |
| SALESFORCE INC | CRM | $60.6M | 387,019 | -0.44pp | 31q | -52.7%-$67.4M | |
| INTERNATIONAL BUSINESS MACHS | IBM | $58.6M | 208,507 | +0.22pp | 4q | +425.9%+$47.5M | |
| VERISK ANALYTICS INC | VRSK | $58.1M | 323,452 | -0.02pp | 24q | +1.6%+$925.7K | |
| UBER TECHNOLOGIES INC | UBER | $56.9M | 788,377 | +0.02pp | 10q | +13.0%+$6.5M | |
| TRANE TECHNOLOGIES PLC | TT | $54.8M | 111,490 | +0.12pp | 4q | +66.6%+$21.9M | |
| BOOKING HOLDINGS INC | BKNG | $46.2M | 259,026 | -0.05pp | 31q | +1889.1%+$43.8M | |
| BLACKROCK INC | BLK | $41.4M | 43,100 | -0.08pp | 7q | -26.8%-$15.2M | |
| COCA COLA CO | KO | $40.5M | 498,232 | -0.03pp | 31q | -18.1%-$9.0M | |
| NETFLIX INC | NFLX | $35.5M | 497,453 | -0.11pp | 21q | -18.5%-$8.1M | |
| SPOTIFY TECHNOLOGY S A | SPOT | $33.0M | 71,921 | +0.14pp | 6q | +3465.7%+$32.1M | |
| EXXON MOBIL CORP | XOMXXXX | $32.3M | 236,431 | -0.07pp | 31q | -12.2%-$4.5M | |
| TOTALENERGIES SE | TTE | $30.9M | 397,364 | -0.10pp | 3q | -27.3%-$11.6M | |
| AMERICAN EXPRESS CO | AXP | $30.8M | 91,144 | +0.02pp | 17q | +5.2%+$1.5M | |
| HDFC BANK LTD | HDB | $29.4M | 1,139,310 | -0.08pp | 31q | -36.8%-$17.1M | |
| TJX COS INC NEW | TJX | $25.6M | 168,727 | -0.01pp | 31q | +3.2%+$788.0K | |
| COLGATE PALMOLIVE CO | CL | $24.7M | 269,501 | -0.12pp | 31q | -54.7%-$29.8M | |
| FERRARI N V | RACE | $23.0M | 62,056 | +0.03pp | 22q | +36.7%+$6.2M | |
| ILLINOIS TOOL WKS INC | ITW | $21.7M | 80,271 | -0.14pp | 26q | -59.4%-$31.8M | |
| WALMART INC | WMT | $20.0M | 176,957 | -0.04pp | 31q | -23.6%-$6.2M | |
| BECTON DICKINSON & CO | BDX | $17.7M | 116,897 | -0.01pp | 31q | -7.1%-$1.3M | |
| STARBUCKS CORP | SBUX | $17.2M | 168,059 | -0.03pp | 16q | -36.9%-$10.0M | |
| AUTOMATIC DATA PROCESSING IN | ADP | $15.1M | 67,603 | +0.01pp | 31q | +9.3%+$1.3M | |
| ROSS STORES INC | ROST | $11.8M | 55,389 | -0.01pp | 31q | -5.7%-$716.5K | |
| MOODYS CORP | MCO | $11.0M | 24,240 | -0.06pp | 23q | -55.2%-$13.5M | |
| DISNEY WALT CO | DIS | $9.8M | 101,636 | -0.02pp | 31q | -26.6%-$3.5M | |
| IDEXX LABS INC | IDXX | $9.1M | 17,270 | -0.01pp | 11q | -4.2%-$402.2K | |
| MARKETAXESS HLDGS INC | MKTX | $8.5M | 75,000 | -0.04pp | 12q | -30.6%-$3.8M | |
| VERIZON COMMUNICATIONS INC | VZ | $8.4M | 197,549 | +0.02pp | 31q | +105.3%+$4.3M | |
| AIRBNB INC | ABNB | $6.7M | 46,684 | +0.02pp | 11q | +211.8%+$4.5M | |
| OREILLY AUTOMOTIVE INC | ORLY | $6.0M | 65,467 | +0.02pp | 10q | +170.1%+$3.8M | |
| NU HLDGS LTD | NU | $5.3M | 400,000 | -0.01pp | 19q | -27.3%-$2.0M | |
| BLACKSTONE INC | BX | $5.3M | 45,000 | flat | 8q | HELD | |
| UNION PAC CORP | UNP | $5.2M | 19,155 | flat | 31q | -2.7%-$143.6K | |
| MONDELEZ INTL INC | MDLZ | $4.4M | 75,386 | +0.02pp | 29q | +463.2%+$3.6M | |
| ICICI BANK LIMITED | IBN | $3.3M | 115,000 | -0.01pp | 12q | -39.5%-$2.2M | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $3.0M | 4 | flat | 31q | HELD | |
| MAKEMYTRIP LIMITED MAURITIUS | MMYT | $2.7M | 50,000 | flat | 10q | -16.7%-$532.9K | |
| CONOCOPHILLIPS | COP | $2.5M | 23,640 | -0.07pp | 31q | -82.1%-$11.3M | |
| FORTINET INC | FTNT | $2.1M | 13,989 | flat | 4q | HELD | |
| COUPANG INC | CPNG | $2.1M | 120,000 | flat | 19q | -25.0%-$694.8K | |
| FOMENTO ECONOMICO MEXICANO S | FMX | $2.0M | 15,500 | flat | 9q | -22.5%-$575.5K | |
| SEA LTD | SE | $1.7M | 18,000 | flat | 3q | -10.0%-$191.7K | |
| YUM CHINA HLDGS INC | YUMC | $1.4M | 35,000 | -0.01pp | 13q | -41.7%-$1.0M | |
| JAZZ INVESTMENTS I LTD | $1.2M | 700,000 | - | new | DEBT | ||
| TRIP COM GROUP LTD | TCOM | $1.2M | 30,000 | -0.01pp | 5q | -33.3%-$597.6K | |
| NETEASE COM INC | NTES | $1.1M | 8,500 | flat | 19q | -43.3%-$832.9K | |
| UBER TECHNOLOGIES INC | $1.1M | 900,000 | flat | 7q | DEBT | ||
| ETSY INC | $1.0M | 1,100,000 | flat | 17q | DEBT | ||
| ALPHABET INC | GOOG | $826.1K | 2,338 | flat | 23q | +4.4%+$35.0K | |
| CHECK POINT SOFTWARE TECH LT | CHKP | $756.5K | 5,756 | flat | 4q | HELD | |
| OLD DOMINION FREIGHT LINE IN | ODFL | $684.2K | 3,159 | flat | 10q | -6.1%-$44.4K | |
| SNAP INC | $670.8K | 700,000 | flat | 17q | DEBT | ||
| CADENCE DESIGN SYSTEM INC | CDNS | $585.9K | 1,561 | flat | 5q | HELD | |
| LAUDER ESTEE COS INC | EL | $501.3K | 6,349 | - | new | NEW | |
| JD.COM INC | $394.3K | 400,000 | flat | 2q | DEBT | ||
| INTUIT CALL | INTU | $313.2K | options only | flat | 2q | OPTIONS | |
| SNAP INC | $277.7K | 300,000 | flat | 14q | DEBT | ||
| ALIBABA GROUP HLDG LTD | $236.2K | 200,000 | - | new | DEBT | ||
| PDD HOLDINGS INC | PDD | $236.1K | 3,095 | flat | 4q | -49.1%-$227.8K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Instruments & Controls | $3.8B | 17.3% |
| Software & IT Services | $3.3B | 14.8% |
| Business Services | $2.2B | 10.1% |
| Retail & Consumer | $2.1B | 9.6% |
| Semiconductors & Electronics | $2.1B | 9.4% |
| Capital Markets | $1.8B | 8.0% |
| Biotech & Pharma | $1.6B | 7.1% |
| Insurance | $1.3B | 5.7% |
| Chemicals | $1.2B | 5.6% |
| Computer Hardware | $991.0M | 4.5% |
| Medical Devices | $641.9M | 2.9% |
| Food, Drink & Tobacco | $611.2M | 2.8% |
| Other sectors | $435.2M | 2.0% |
| Not classified | $37.2M | 0.2% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| 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% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $22.1B | 106 | 4 | 36 | 55 | 7 | 49.4% | 41 |
| Q1 2026 | $21.4B | 109 | 5 | 37 | 59 | 7 | 47.9% | 29 |
| Q4 2025 | $25.2B | 111 | 4 | 41 | 53 | 12 | 48.6% | 30 |
| Q3 2025 | $25.4B | 119 | 8 | 42 | 44 | 1 | 48.2% | 34 |
| Q2 2025 | $24.5B | 112 | 6 | 32 | 59 | 28 | 47.0% | 38 |
| Q1 2025 | $23.1B | 134 | 25 | 39 | 57 | 2 | 46.2% | 30 |
| Q4 2024 | $25.1B | 111 | 3 | 44 | 52 | 5 | 47.2% | 34 |
| Q3 2024 | $25.5B | 113 | 4 | 49 | 53 | 3 | 46.8% | 39 |
| Q2 2024 | $23.9B | 112 | 5 | 54 | 41 | 8 | 51.0% | 33 |
| Q1 2024 | $23.0B | 115 | 9 | 32 | 54 | 8 | 54.2% | 36 |
| Q4 2023 | $21.9B | 114 | 6 | 35 | 52 | 2 | 55.1% | 31 |
| Q3 2023 | $22.7B | 110 | 5 | 43 | 38 | 8 | 52.5% | 27 |
| Q2 2023 | $24.8B | 113 | 7 | 42 | 41 | 3 | 50.3% | 33 |
| Q1 2023 | $23.8B | 109 | 2 | 35 | 57 | 12 | 48.2% | 33 |
| Q4 2022 | $26.2B | 119 | 5 | 35 | 59 | 5 | 40.7% | 37 |
| Q3 2022 | $27.2B | 119 | 4 | 35 | 62 | 2 | 38.9% | 45 |
| Q2 2022 | $29.8B | 117 | 5 | 45 | 49 | 6 | 40.5% | 41 |
| Q1 2022 | $35.8B | 118 | 8 | 45 | 47 | 8 | 43.4% | 41 |
| Q4 2021 | $37.1B | 118 | 17 | 43 | 30 | 7 | 45.3% | 35 |
| Q3 2021 | $34.3B | 108 | 8 | 54 | 25 | 1 | 45.4% | 35 |
| Q2 2021 | $33.4B | 101 | 9 | 45 | 30 | 5 | 49.2% | 33 |
| Q1 2021 | $28.4B | 97 | 10 | 57 | 23 | 4 | 52.6% | 34 |
| Q4 2020 | $24.4B | 91 | 4 | 57 | 21 | 4 | 54.8% | 40 |
| Q3 2020 | $20.5B | 91 | 4 | 40 | 34 | 9 | 54.8% | 36 |
| Q2 2020 | $19.2B | 96 | 3 | 54 | 26 | 12 | 57.2% | 41 |
| Q1 2020 | $14.9B | 105 | 9 | 55 | 22 | 13 | 62.3% | 41 |
| Q4 2019 | $14.7B | 109 | 13 | 54 | 29 | 4 | 65.2% | 42 |
| Q3 2019 | $12.6B | 100 | 9 | 51 | 21 | 10 | 67.2% | 39 |
| Q2 2019 | $11.7B | 101 | 7 | 44 | 36 | 6 | 68.5% | 37 |
| Q1 2019 | $10.9B | 100 | 5 | 37 | 42 | 18 | 67.8% | 32 |
| Q4 2018 | $10.5B | 113 | 0 | 0 | 0 | 0 | 67.3% | 36 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.