# VONTOBEL ASSET MANAGEMENT INC

> Institutional holdings reported to the SEC as of Q1 2024 on Form 13F. CIK 928633. Source: https://holderbook.com/funds/928633-vontobel-asset-management-inc/

- Reported value: $18.1B
- Positions: 70
- Weight of the ten largest: 49.5%
- Filed: 2024-05-15

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 |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.4B | 3,239,587 | 8.0% | 22 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.3B | 6,585,762 | 7.0% | 22 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $921.2M | 1,802,915 | 5.1% | 22 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $915.4M | 14,050,874 | 5.1% | 22 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $787.8M | 3,441,197 | 4.4% | 22 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $769.1M | 1,459,759 | 4.3% | 22 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $728.4M | 9,982,924 | 4.0% | 22 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $722.4M | 5,971,126 | 4.0% | 22 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $718.9M | 9,670,506 | 4.0% | 22 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $665.1M | 4,116,159 | 3.7% | 22 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $598.1M | 2,278,192 | 3.3% | 22 |
| RB GLOBAL INC | [RBA](https://holderbook.com/stocks/RBA/) | $538.3M | 6,662,538 | 3.0% | 4 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $520.3M | 975,076 | 2.9% | 22 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $473.0M | 1,596,100 | 2.6% | 22 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $468.6M | 3,260,069 | 2.6% | 9 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $443.2M | 718,886 | 2.5% | 7 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $392.9M | 649,504 | 2.2% | 18 |
| VULCAN MATLS CO | [VMC](https://holderbook.com/stocks/VMC/) | $365.5M | 1,256,915 | 2.0% | 11 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $355.6M | 2,397,222 | 2.0% | 22 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $341.7M | 503,275 | 1.9% | 8 |
| CASEYS GEN STORES INC | [CASY](https://holderbook.com/stocks/CASY/) | $326.8M | 981,614 | 1.8% | 22 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $283.5M | 351,134 | 1.6% | 13 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $264.2M | 68,458 | 1.5% | 22 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $258.2M | 698,068 | 1.4% | 22 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $250.7M | 1,366,682 | 1.4% | 22 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $210.1M | 2,102,548 | 1.2% | 22 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $208.6M | 964,252 | 1.2% | 13 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $204.5M | 285,254 | 1.1% | 7 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $189.3M | 1,569,501 | 1.0% | 7 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $163.0M | 789,121 | 0.9% | 2 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $161.1M | 626,519 | 0.9% | 1 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $149.8M | 1,567,361 | 0.8% | 1 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $148.8M | 2,380,979 | 0.8% | 9 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $143.1M | 3,156,482 | 0.8% | 22 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $141.8M | 896,170 | 0.8% | 7 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $136.4M | 2,251,653 | 0.8% | 22 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $135.3M | 3,168,519 | 0.7% | 22 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $134.6M | 828,927 | 0.7% | 18 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $130.4M | 737,226 | 0.7% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $111.1M | 162 | 0.6% | 7 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $110.2M | 1,472,494 | 0.6% | 22 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $109.1M | 272,052 | 0.6% | 22 |
| GRACO INC | [GGG](https://holderbook.com/stocks/GGG/) | $107.6M | 1,100,818 | 0.6% | 17 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $106.4M | 522,196 | 0.6% | 3 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $67.7M | 158,834 | 0.4% | 18 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $58.1M | 167,846 | 0.3% | 22 |
| FOMENTO ECONOMICO MEXICANO S | [FMX](https://holderbook.com/stocks/FMX/) | $53.0M | 415,696 | 0.3% | 22 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $46.8M | 113,906 | 0.3% | 7 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $37.7M | 25,483 | 0.2% | 9 |
| METTLER TOLEDO INTERNATIONAL | [MTD](https://holderbook.com/stocks/MTD/) | $31.2M | 23,411 | 0.2% | 8 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $30.3M | 2,585,155 | 0.2% | 2 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $26.8M | 232,802 | 0.1% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $20.7M | 120,938 | 0.1% | 10 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $18.7M | 56,008 | 0.1% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $17.3M | 19,198 | 0.1% | 1 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $13.8M | 132,953 | 0.1% | 1 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $8.0M | 145,114 | 0.0% | 4 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $6.7M | 12,843 | 0.0% | 3 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $5.4M | 29,800 | 0.0% | 3 |
| SPDR INDEX SHS FDS | [FEZ](https://holderbook.com/stocks/FEZ/) | $3.1M | 58,800 | 0.0% | 3 |
| FRANKLIN TEMPLETON ETF TR | [FLGB](https://holderbook.com/stocks/FLGB/) | $2.8M | 107,700 | 0.0% | 3 |
| FRANKLIN TEMPLETON ETF TR | [FLJP](https://holderbook.com/stocks/FLJP/) | $2.5M | 81,300 | 0.0% | 3 |
| BROOKFIELD INFRASTRUCTURE PA | [BIP](https://holderbook.com/stocks/BIP/) | $768.0K | 24,607 | 0.0% | 1 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $605.6K | 3,828 | 0.0% | 22 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $552.6K | 3,567 | 0.0% | 17 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $532.3K | 6,108 | 0.0% | 22 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $442.7K | 7,638 | 0.0% | 13 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $314.2K | 3,098 | 0.0% | 16 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $260.7K | 1,613 | 0.0% | 2 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $260.5K | 1,791 | 0.0% | 22 |

## 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 |
|---|---|---|---|---|
| Q1 2024 | +7.0% | +10.0% | -3.0% | 95% |
| Q4 2023 | +9.2% | +11.2% | -2.0% | 94% |
| Q3 2023 | -1.2% | -3.6% | +2.3% | 94% |
| Q2 2023 | +8.6% | +8.3% | +0.3% | 94% |
| Q1 2023 | +7.0% | +7.0% | -0.1% | 94% |
| Q4 2022 | +8.9% | +7.1% | +1.9% | 92% |
| Q3 2022 | -7.3% | -5.3% | -1.9% | 94% |
| Q2 2022 | -14.2% | -16.5% | +2.3% | 96% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2024 | $18.1B | 70 |
| Q4 2023 | $16.8B | 69 |
| Q3 2023 | $15.4B | 66 |
| Q2 2023 | $15.1B | 64 |
| Q1 2023 | $13.8B | 63 |
| Q4 2022 | $12.6B | 63 |
| Q3 2022 | $12.7B | 66 |
| Q2 2022 | $13.7B | 61 |
| Q1 2022 | $15.1B | 60 |
| Q4 2021 | $17.0B | 59 |
| Q3 2021 | $17.8B | 60 |
| Q2 2021 | $19.5B | 64 |