FLOSSBACH VON STORCH SE

CIK 1575677 · View on SEC EDGAR ↗

Portfolio value
$22.1B
#282 of 9,443 by 13F value · top 3.0%
Positions
106
As of
June 30, 2026

Portfolio value QoQ: +3.2% 13F does not disclose cash

Top 10 holdings weight
49.42%
Top 25 holdings weight
81.17%
Positions above 1%
27
Effective number of positions
29.3

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 9.15% Est. buys $1,991,453,076 · sells $2,018,670,542

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 68.4% still held

New positions
4
Increased
38
Decreased
55
Closed
5
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+6.3%
S&P 500 total return (same window)
+28.1%
Excess return
-21.8%

Annualized: +4.2% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 93.5% · Options excluded: 0.0%

Sector breakdown

Technology
19.2%
Healthcare
17.3%
Financial Services
15.1%
Industrials
14.1%
Communication Services
8.4%
Retail
8.3%
Consumer Discretionary
4.4%
Consumer Staples
2.8%
Materials
2.6%
Consumer products
1.5%
Energy
0.3%
Financials
0.2%
Telecommunication
0.0%
Other/Unmapped
5.7%

Full portfolio 106 positions

Type Streak 8Q trend
GOOGL Alphabet Inc. - Class A Common Stock $1,575,380,591 7.12% 4,408,262 $137,996,403 Down ×3
AMZN Amazon.com, Inc. - Common Stock $1,310,991,792 5.93% 5,500,511 $69,119,228 Down ×4
MSFT Microsoft Corporation - Common Stock $1,266,394,321 5.73% 3,394,977 $-38,103,638 Down ×1
BRKB $1,255,076,697 5.68% 2,508,197 $8,847,613 Down ×3
APH Amphenol Corporation Common Stock $997,436,421 4.51% 5,656,967 $293,837,620 Up ×1
SCHW Charles Schwab Corporation (The) Common Stock $987,929,723 4.47% 10,706,944 $-14,817,235 Up ×2
TMO Thermo Fisher Scientific Inc Common Stock $955,579,626 4.32% 1,905,975 $-4,904,401 Down ×4
AAPL Apple Inc. - Common Stock $930,183,601 4.21% 3,214,624 $241,771,627 Up ×1
ABT Abbott Laboratories Common Stock $902,938,133 4.08% 9,950,828 $96,111,790 Up ×2
DHR Danaher Corporation Common Stock $747,259,707 3.38% 3,923,035 $-10,357,814 Down ×4
FTV Fortive Corporation Common Stock $739,667,885 3.34% 12,107,839 $81,679,553 Up ×2
AME AMETEK, Inc. $662,351,880 2.99% 2,737,670 $-78,933,724 Down ×2
ICE Intercontinental Exchange Inc. Common Stock $649,900,275 2.94% 5,279,021 $-126,806,401 Up ×4
SPGI S&P Global Inc. Common Stock $642,521,070 2.91% 1,577,668 $52,187,431 Up ×2
V Visa Inc. $520,236,974 2.35% 1,516,328 $-90,937,642 Down ×3
NKE Nike, Inc. Common Stock $488,714,166 2.21% 11,905,339 $-155,076,277 Down ×2
SYK Stryker Corporation Common Stock $464,505,806 2.10% 1,475,371 $287,219,015 Up ×4
ROP Roper Technologies, Inc. - Common Stock $448,321,067 2.03% 1,324,865 $1,182,509 Up ×6
LIN Linde plc - Ordinary Shares $438,525,058 1.98% 845,040 $30,881,936 Up ×1
NVDA NVIDIA Corporation - Common Stock $393,504,397 1.78% 1,966,637 $336,946,477 Up ×2
PEP PepsiCo, Inc. - Common Stock $345,892,028 1.56% 2,554,594 $-387,924,966 Down ×2
MELI MercadoLibre, Inc. - Common Stock $318,849,619 1.44% 187,847 $-4,708,810 Up ×2
ACN Accenture plc Class A Ordinary Shares (Ireland) $309,872,773 1.40% 2,490,138 $-159,014,865 Up ×1
ZTS Zoetis Inc. Class A Common Stock $302,600,879 1.37% 4,210,978
PG Procter & Gamble Company (The) Common Stock $296,767,539 1.34% 2,023,783 $-30,997,153 Down ×2
MA Mastercard Incorporated Common Stock $275,074,402 1.24% 535,581 $10,466,458 Up ×1
RAL Ralliant Corporation Common Stock $222,460,086 1.01% 3,021,324 $68,290,739 Down ×1
MICC The Magnum Ice Cream Company N.V. Ordinary Shares $218,506,837 0.99% 12,556,043 $132,045,374 Up ×2
ADI Analog Devices, Inc. - Common Stock $215,714,942 0.98% 543,130 $14,497,437 Down ×2
META Meta Platforms, Inc. - Class A Common Stock $212,605,924 0.96% 377,436 $-14,363,196 Down ×3
LULU lululemon athletica inc. - Common Stock $207,391,985 0.94% 1,816,360 $-77,053,271 Down ×3
BNTX BioNTech SE - American Depositary Shares $207,142,141 0.94% 2,226,138 $-119,964,256 Down ×6
TSM Taiwan Semiconductor Manufacturing Company Ltd. $184,356,347 0.83% 386,030 $107,211,149 Up ×1
MCD McDonald's Corporation Common Stock $168,357,988 0.76% 622,833 $13,223,430 Up ×4
AMAT Applied Materials, Inc. - Common Stock $149,522,184 0.68% 206,808 $14,133,355 Down ×4
IEX IDEX Corporation Common Stock $146,806,466 0.66% 646,867 $6,479,000 Down ×2
AVGO Broadcom Inc. - Common Stock $145,255,830 0.66% 384,529 $61,274,934 Up ×1
JNJ Johnson & Johnson Common Stock $144,749,948 0.65% 569,949 $-123,367,488 Down ×6
SHW Sherwin-Williams Company (The) Common Stock $136,652,689 0.62% 396,877 $3,462,561 Down ×1
MSCI MSCI Inc. Common Stock $94,828,213 0.43% 169,324 $-24,441,764 Down ×3
INTU Intuit Inc. - Common Stock $87,882,093 0.40% 336,713 $-61,169,238 Down ×1
MDT Medtronic plc. Ordinary Shares $85,222,667 0.39% 1,089,386 $-28,963,837 Down ×1
DG Dollar General Corporation Common Stock $81,178,220 0.37% 705,223 $414,868 Up ×1
MMM 3M Company Common Stock $74,443,627 0.34% 459,784 $-8,341,394 Down ×2
CPRT Copart, Inc. - Common Stock $70,511,844 0.32% 2,501,307 $-3,250,854 Up ×2
NDAQ Nasdaq, Inc. - Common Stock $70,302,711 0.32% 891,940 $12,155,268 Up ×1
HD Home Depot, Inc. (The) Common Stock $67,679,292 0.31% 191,900 $52,736,504 Up ×1
CRM Salesforce, Inc. Common Stock $60,630,397 0.27% 387,019 $-91,947,874 Down ×3
IBM International Business Machines Corporation Common Stock $58,634,335 0.27% 208,507 $49,024,889 Up ×3
VRSK Verisk Analytics, Inc. - Common Stock $58,069,338 0.26% 323,452 $-2,327,328 Up ×3
UBER Uber Technologies, Inc. Common Stock $56,889,284 0.26% 788,377 $6,684,374 Up ×1
TT Trane Technologies plc $54,759,428 0.25% 111,490 $26,876,188 Up ×3
BKNG Booking Holdings Inc. - Common Stock $46,168,794 0.21% 259,026 $-8,657,993 Up ×2
BLK BlackRock, Inc. Common Stock $41,443,236 0.19% 43,100 $-15,160,129 Down ×6
KO Coca-Cola Company (The) Common Stock $40,491,315 0.18% 498,232 $-5,785,490 Down ×3
NFLX Netflix, Inc. - Common Stock $35,518,144 0.16% 497,453 $-23,159,893 Down ×1
SPOT Spotify Technology S.A. Ordinary Shares $33,021,089 0.15% 71,921 $32,043,026 Up ×1
XOM Exxon Mobil Corporation Common Stock $32,324,846 0.15% 236,431 $-13,376,129 Down ×6
TTE TotalEnergies SE Ordinary Shares $30,876,719 0.14% 397,364 $-20,201,376 Down ×2
AXP American Express Company Common Stock $30,829,458 0.14% 91,144 $4,614,726 Up ×1
HDB HDFC Bank Limited Common Stock $29,428,377 0.13% 1,139,310 $-15,424,416 Down ×1
TJX TJX Companies, Inc. (The) Common Stock $25,562,141 0.12% 168,727 $-552,961 Up ×3
CL Colgate-Palmolive Company Common Stock $24,707,852 0.11% 269,501 $-25,997,180 Down ×1
RACE Ferrari N.V. Common Shares $22,990,046 0.10% 62,056 $7,830,815 Up ×1
ITW Illinois Tool Works Inc. Common Stock $21,710,897 0.10% 80,271 $-29,771,342 Down ×6
WMT Walmart Inc. - Common Stock $20,042,150 0.09% 176,957 $-8,761,231 Down ×3
BDX Becton, Dickinson and Company Common Stock $17,690,023 0.08% 116,897 $-2,085,109 Down ×4
SBUX Starbucks Corporation - Common Stock $17,173,949 0.08% 168,059 $-6,684,943 Down ×2
ADP Automatic Data Processing, Inc. - Common Stock $15,139,692 0.07% 67,603 $2,567,320 Up ×3
ROST Ross Stores, Inc. - Common Stock $11,789,549 0.05% 55,389 $-938,547 Down ×2
MCO Moody's Corporation Common Stock $10,978,781 0.05% 24,240 $-12,638,485 Down ×4
DIS Walt Disney Company (The) Common Stock $9,782,465 0.04% 101,636 $-3,560,575 Down ×5
IDXX IDEXX Laboratories, Inc. - Common Stock $9,091,619 0.04% 17,270 $-1,041,505 Down ×5
MKTX MarketAxess Holdings, Inc. - Common Stock $8,511,750 0.04% 75,000 $-9,322,588 Down ×1
VZ Verizon Communications Inc. Common Stock $8,364,225 0.04% 197,549 $3,533,278 Up ×1
ABNB Airbnb, Inc. - Class A Common Stock $6,680,480 0.03% 46,684 $4,789,816 Up ×3
ORLY O'Reilly Automotive, Inc. - Common Stock $6,028,856 0.03% 65,467 $3,791,631 Up ×1
NU Nu Holdings Ltd. Class A Ordinary Shares $5,344,000 0.02% 400,000 $-2,559,500 Down ×3
BX Blackstone Inc. Common Stock $5,295,150 0.02% 45,000 $120,600
UNP Union Pacific Corporation Common Stock $5,210,160 0.02% 19,155 $434,671 Down ×2
MDLZ Mondelez International, Inc. - Class A Common Stock $4,360,326 0.02% 75,386 $3,588,757 Up ×2
IBN ICICI Bank Limited Common Stock $3,338,450 0.02% 115,000 $-1,582,550 Down ×2
BRKA $2,995,400 0.01% 4 $122,840
MMYT MakeMyTrip Limited - Ordinary Shares $2,664,500 0.01% 50,000 $427,100 Down ×1
COP ConocoPhillips Common Stock $2,457,614 0.01% 23,640 $-15,009,154 Down ×1
FTNT Fortinet, Inc. - Common Stock $2,148,990 0.01% 13,989 $1,005,809
CPNG Coupang, Inc. Class A Common Stock $2,084,400 0.01% 120,000 $-936,400 Down ×3
FMX Fomento Economico Mexicano S.A.B. de C.V. Common Stock $1,982,450 0.01% 15,500 $-238,750 Down ×1
SE Sea Limited American Depositary Shares, each representing one Class A Ordinary Share $1,724,940 0.01% 18,000 $68,740 Down ×1
YUMC Yum China Holdings, Inc. Common Stock $1,430,450 0.01% 35,000 $-1,496,350 Down ×4
Unknown issuer (CUSIP: 472145AH4) $1,200,508 0.01% 700,000 Up ×1
TCOM Trip.com Group Limited - American Depositary Shares $1,195,200 0.01% 30,000 $-1,045,350 Down ×1
NTES NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares $1,089,190 0.00% 8,500 $-589,910 Down ×1
Unknown issuer (CUSIP: 90353TAM2) $1,079,990 0.00% 900,000 $232,152 Up ×1
Unknown issuer (CUSIP: 29786AAN6) $1,006,402 0.00% 1,100,000 $19,431
GOOG Alphabet Inc. - Class C Capital Stock $826,086 0.00% 2,338 $183,806 Up ×1
CHKP Check Point Software Technologies Ltd. - Ordinary Shares $756,511 0.00% 5,756 $-65,734
ODFL Old Dominion Freight Line, Inc. - Common Stock $684,239 0.00% 3,159 $26,913 Down ×3
Unknown issuer (CUSIP: 83304AAF3) $670,768 0.00% 700,000 $6,083
CDNS Cadence Design Systems, Inc. - Common Stock $585,875 0.00% 1,561 $152,120

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
ICE $649,900,275 2.94% up ×4
SYK $464,505,806 2.10% up ×4
ROP $448,321,067 2.03% up ×6
MCD $168,357,988 0.76% up ×4
IBM $58,634,335 0.27% up ×3
VRSK $58,069,338 0.26% up ×3
TT $54,759,428 0.25% up ×3
TJX $25,562,141 0.12% up ×3
ADP $15,139,692 0.07% up ×3
ABNB $6,680,480 0.03% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
ZTS $302,600,879 4,210,978 1.37%
Unknown issuer (CUSIP: 472145AH4) $1,200,508 700,000 0.01%
EL $501,254 6,349 0.00%
Unknown issuer (CUSIP: 01609WBG6) $236,239 200,000 0.00%

Top movers (QoQ)

Security Action Shares Δ Value Δ
PEP Trimmed -2.2M -$387.9M
APH Bought more +88K +$293.8M
SYK Bought more +936K +$287.2M
AAPL Bought more +502K +$241.8M
ACN Bought more +125K -$159.0M
NKE Trimmed -283K -$155.1M
GOOGL Trimmed -590K +$138.0M
MICC Bought more +6.7M +$132.0M
ICE Bought more +341K -$126.8M
JNJ Trimmed -527K -$123.4M

1 position hidden (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
GGG March 31, 2026 3,252,150 $266,578,736 -2.4%
MTCH June 30, 2025 742,895 $23,178,324 28.5%
EL March 31, 2026 142,000 $14,870,240 36.8%
PYPL March 31, 2026 253,538 $14,801,548 36.4%
CHD June 30, 2026 146,108 $13,634,799 2.1%
ADBE March 31, 2026 35,103 $12,285,699 12.7%
EA March 31, 2025 80,502 $11,777,443 No longer tracked
SW Dec. 31, 2025 206,260 $8,641,687 26.6%
SAIA June 30, 2025 20,792 $7,265,349 30.2%
FAST Dec. 31, 2025 130,667 $6,407,910 27.5%
CDNS March 31, 2025 14,580 $4,380,707 24.0%
SLB June 30, 2026 61,932 $3,182,685 16.4%
KSPI Dec. 31, 2025 21,500 $1,756,120 30.4%
SLB Dec. 31, 2025 45,731 $1,571,774 41.0%
GLOB Dec. 31, 2025 19,000 $1,090,220 -38.9%
EA Dec. 31, 2025 4,425 $892,523 No longer tracked
BABA June 30, 2026 6,656 $835,062 30.5%
BMY June 30, 2025 11,465 $699,250 44.3%
T June 30, 2025 21,160 $598,405 -12.8%
LLY June 30, 2025 685 $565,748 62.7%
DE June 30, 2026 980 $552,034 -5.1%
INFY Dec. 31, 2025 33,807 $550,040 -33.3%
FAST June 30, 2026 11,501 $533,646 6.5%
HIG June 30, 2025 4,250 $525,853 8.2%
LNG June 30, 2025 2,125 $491,725 14.0%
UPS June 30, 2025 4,225 $464,708 1.2%
ORCL June 30, 2025 3,230 $451,586 -34.8%
NWSA June 30, 2025 16,355 $445,183 -0.8%
UNM June 30, 2025 5,325 $433,775 8.0%
CTAS June 30, 2025 1,840 $378,175 -9.0%
WM June 30, 2025 1,365 $316,011 -1.5%
TRGP June 30, 2025 1,550 $310,729 73.8%
CME June 30, 2025 1,155 $306,410 -2.4%
ZTS June 30, 2025 1,775 $292,254 -51.4%
ISRG June 30, 2025 565 $279,828 -27.3%
TEL June 30, 2025 1,915 $270,628 19.1%
CMCSA June 30, 2025 6,790 $250,551 -25.3%
ORCL Dec. 31, 2025 840 $236,242 -26.9%
FISV June 30, 2025 1,040 $229,663 -70.2%
GEN June 30, 2025 8,610 $228,509 -7.0%
DGX June 30, 2025 1,305 $220,806 34.2%
CSGP Dec. 31, 2025 2,500 $210,925 -50.2%
RJF June 30, 2025 1,475 $204,892 15.0%
MOS June 30, 2025 7,480 $202,035 -37.3%
VEEV June 30, 2025 865 $200,360 -12.5%
F June 30, 2025 13,795 $138,364 28.9%