Flossbach Von Storch Se
Reported US equity positions for Q1 2026 — $21.4B across 108 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| GOOGL Alphabet Inc. | $1.4B | 6.7% | 4,998,554 |
| MSFT Microsoft Corporation | $1.3B | 6.1% | 3,524,051 |
| BRK.B Berkshire Hathaway Inc. | $1.2B | 5.8% | 2,600,645 |
| AMZN Amazon.com, Inc. | $1.2B | 5.8% | 5,962,801 |
| SCHW The Charles Schwab Corporation | $1.0B | 4.7% | 10,669,791 |
| TMO Thermo Fisher Scientific Inc | $960.5M | 4.5% | 1,954,070 |
| ABT Abbott Laboratories | $806.8M | 3.8% | 7,858,443 |
| ICE Intercontinental Exchange Inc. | $776.7M | 3.6% | 4,938,369 |
| DHR Danaher Corporation | $757.6M | 3.5% | 3,995,873 |
| AME AMETEK, Inc. | $741.3M | 3.5% | 3,458,134 |
| PEP PepsiCo, Inc. | $733.8M | 3.4% | 4,725,462 |
| APH Amphenol Corporation | $703.6M | 3.3% | 5,568,649 |
| AAPL Apple Inc. | $688.4M | 3.2% | 2,712,526 |
| FTV Fortive Corporation | $658.0M | 3.1% | 11,902,828 |
| NKE Nike, Inc. | $643.8M | 3.0% | 12,188,384 |
| V Visa Inc. | $611.2M | 2.9% | 2,022,150 |
| SPGI S&P Global Inc. | $590.3M | 2.8% | 1,387,910 |
| G1151C101 Accenture | $468.9M | 2.2% | 2,364,656 |
| ROP Roper Technologies, Inc. | $447.1M | 2.1% | 1,263,603 |
| G54950103 Linde | $407.6M | 1.9% | 822,259 |
| PG The Procter & Gamble Company | $327.8M | 1.5% | 2,269,210 |
| BNTX BioNTech SE | $327.1M | 1.5% | 3,680,315 |
| MELI MercadoLibre, Inc. | $323.6M | 1.5% | 187,134 |
| LULU lululemon athletica inc. | $284.4M | 1.3% | 1,857,905 |
| JNJ Johnson & Johnson | $268.1M | 1.3% | 1,096,864 |
| MA Mastercard Incorporated | $264.6M | 1.2% | 529,576 |
| META Meta Platforms, Inc. | $227.0M | 1.1% | 396,709 |
| ADI Analog Devices, Inc. | $201.2M | 0.9% | 632,481 |
| SYK Stryker Corporation | $177.3M | 0.8% | 539,538 |
| MCD McDonald's Corporation | $155.1M | 0.7% | 499,162 |
| RAL Ralliant | $154.2M | 0.7% | 3,706,885 |
| CRM Salesforce, Inc. | $152.6M | 0.7% | 817,369 |
| INTU Intuit Inc. | $149.1M | 0.7% | 344,723 |
| IEX IDEX Corporation | $140.3M | 0.7% | 740,319 |
| AMAT Applied Materials, Inc. | $135.4M | 0.6% | 396,117 |
| SHW The Sherwin-Williams Company | $133.2M | 0.6% | 415,505 |
| MSCI MSCI Inc. | $119.3M | 0.6% | 221,276 |
| G5960L103 Medtronic | $114.2M | 0.5% | 1,317,790 |
| N5505D105 Magnum Ice Cream | $86.5M | 0.4% | 5,888,196 |
| AVGO Broadcom Inc. | $84.0M | 0.4% | 271,335 |
| MMM 3M Company | $82.8M | 0.4% | 570,027 |
| DG Dollar General Corporation | $80.8M | 0.4% | 680,227 |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $77.1M | 0.4% | 228,274 |
| CPRT Copart, Inc. | $73.8M | 0.3% | 2,221,768 |
| VRSK Verisk Analytics, Inc. | $60.4M | 0.3% | 318,296 |
| NFLX Netflix, Inc. | $58.7M | 0.3% | 610,276 |
| NDAQ Nasdaq, Inc. | $58.1M | 0.3% | 684,974 |
| BLK BlackRock, Inc. | $56.6M | 0.3% | 58,857 |
| NVDA NVIDIA Corporation | $56.6M | 0.3% | 324,300 |
| BKNG Booking Holdings Inc. | $54.8M | 0.3% | 13,022 |
| ITW Illinois Tool Works Inc. | $51.5M | 0.2% | 197,788 |
| F92124100 Totalenergies | $51.1M | 0.2% | 546,434 |
| CL Colgate-Palmolive Company | $50.7M | 0.2% | 594,920 |
| UBER Uber Technologies, Inc. | $50.2M | 0.2% | 697,969 |
| KO The Coca-Cola Company | $46.3M | 0.2% | 608,505 |
| XOM ExxonMobil Holdings Corporation | $45.7M | 0.2% | 269,368 |
| HDB HDFC Bank Limited | $44.9M | 0.2% | 1,802,765 |
| WMT Walmart Inc. | $28.8M | 0.1% | 231,762 |
| G8994E103 Trane Technologies | $27.9M | 0.1% | 66,908 |
| AXP American Express Company | $26.2M | 0.1% | 86,666 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| SLB SLB Limited | New | $3.2M | — | — |
| JD 0.25 06.01.29 0,250 Jd.Com 01.06.2029 | New | $999,813 | — | — |
| DE Deere & Company | New | $552,034 | — | — |
| FAST Fastenal Company | New | $533,646 | — | — |
| GGG Graco Inc. | Exit | — | $266.6M | -100% |
| EL The Estee Lauder Companies, Inc. | Exit | — | $14.9M | -100% |
| PYPL PayPal Holdings, Inc. | Exit | — | $14.8M | -100% |
| ADBE Adobe Inc. | Exit | — | $12.3M | -100% |
| HALO 0.25 03.01.27 0,250 Halozyme Therapeutics 01.03.2027 | Exit | — | $1.1M | -100% |
| JAZZ 2 06.15.26 2,000 Jazz Investments 15.06.2026 | Exit | — | $812,629 | -100% |
| GOOGL Alphabet Inc. | Trim | $1.4B | $1.9B | -16% |
| MSFT Microsoft Corporation | Add | $1.3B | $1.5B | +12% |
| BRK.B Berkshire Hathaway Inc. | Trim | $1.2B | $1.4B | -6% |
| AMZN Amazon.com, Inc. | Trim | $1.2B | $1.5B | -8% |
| SCHW The Charles Schwab Corporation | Add | $1.0B | $1.0B | +2% |
| TMO Thermo Fisher Scientific Inc | Trim | $960.5M | $1.3B | -10% |
| ABT Abbott Laboratories | Add | $806.8M | $809.1M | +22% |
| ICE Intercontinental Exchange Inc. | Add | $776.7M | $785.9M | +2% |
| DHR Danaher Corporation | Trim | $757.6M | $933.0M | -2% |
| AME AMETEK, Inc. | Trim | $741.3M | $784.4M | -9% |
| PEP PepsiCo, Inc. | Trim | $733.8M | $876.6M | -23% |
| APH Amphenol Corporation | Trim | $703.6M | $983.9M | -24% |
| AAPL Apple Inc. | Trim | $688.4M | $887.3M | -17% |
| FTV Fortive Corporation | Add | $658.0M | $624.2M | +5% |
| NKE Nike, Inc. | Trim | $643.8M | $812.5M | -4% |
| V Visa Inc. | Trim | $611.2M | $752.0M | -6% |
| SPGI S&P Global Inc. | Add | $590.3M | $368.3M | +97% |
| G1151C101 Accenture | Trim | $468.9M | $690.3M | -8% |
| ROP Roper Technologies, Inc. | Add | $447.1M | $509.6M | +10% |
| G54950103 Linde | Trim | $407.6M | $463.0M | -24% |
| PG The Procter & Gamble Company | Trim | $327.8M | $454.0M | -28% |
| BNTX BioNTech SE | Trim | $327.1M | $399.5M | -12% |
| MELI MercadoLibre, Inc. | Add | $323.6M | $362.1M | +4% |
| LULU lululemon athletica inc. | Trim | $284.4M | $393.3M | -2% |
| JNJ Johnson & Johnson | Trim | $268.1M | $290.9M | -22% |
| MA Mastercard Incorporated | Trim | $264.6M | $330.2M | -8% |
| META Meta Platforms, Inc. | Trim | $227.0M | $300.4M | -13% |
| ADI Analog Devices, Inc. | Trim | $201.2M | $219.1M | -22% |
| SYK Stryker Corporation | Add | $177.3M | $99.9M | +90% |
| MCD McDonald's Corporation | Add | $155.1M | $118.4M | +29% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.