# Flossbach von Storch AG Zurich

> Institutional holdings reported to the SEC as of Q2 2020 on Form 13F. CIK 1767472. Source: https://holderbook.com/funds/1767472-flossbach-von-storch-ag-zurich/

- Reported value: $12.0M
- Positions: 16
- Weight of the ten largest: 77.6%
- Filed: 2020-08-12

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 |
|---|---|---|---|---|---|
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.3M | 9,500 | 11.1% | 7 |
| BARRICK GOLD CORP | [GOLD](https://holderbook.com/stocks/GOLD/) | $1.3M | 48,975 | 11.0% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $991.0K | 5,550 | 8.3% | 7 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $983.0K | 14,025 | 8.2% | 7 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $976.0K | 5,600 | 8.1% | 4 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $947.0K | 668 | 7.9% | 7 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $878.0K | 9,575 | 7.3% | 7 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $663.0K | 3,075 | 5.5% | 7 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $607.0K | 2,350 | 5.1% | 4 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $600.0K | 2,613 | 5.0% | 5 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $579.0K | 2,550 | 4.8% | 2 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $571.0K | 2,385 | 4.8% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $519.0K | 188 | 4.3% | 7 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $462.0K | 2,963 | 3.9% | 7 |
| LAUDER ESTEE COS INC | [EL](https://holderbook.com/stocks/EL/) | $330.0K | 1,750 | 2.8% | 2 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $223.0K | 575 | 1.9% | 3 |

## 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 2020 | +19.8% | +19.6% | +0.1% | 100% |
| Q1 2020 | -13.4% | -19.9% | +6.5% | 100% |
| Q4 2019 | +11.4% | +8.5% | +3.0% | 100% |
| Q3 2019 | +1.4% | +1.3% | +0.2% | 100% |
| Q2 2019 | -0.1% | +3.7% | -3.8% | 100% |
| Q1 2019 | +17.5% | +13.0% | +4.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2020 | $12.0M | 16 |
| Q1 2020 | $60.6M | 18 |
| Q4 2019 | $118.4M | 19 |
| Q3 2019 | $90.0M | 20 |
| Q2 2019 | $84.6M | 17 |
| Q1 2019 | $82.0M | 18 |
| Q4 2018 | $108.1M | 25 |