Flossbach Von Storch SE
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Flossbach Von Storch SE reported 100 stock positions worth $24.4 billion. Its top holding was Microsoft (MSFT) at 7.0% of the portfolio, followed by Amazon.com (AMZN, 6.1%) and Berkshire Hathaway Class B (BRK.B, 5.5%). Compared with Q1 2025, it opened 3 new positions, sold out of 26, added to 34 and reduced 58. The biggest buy was Thermo Fisher Scientific (TMO, shares +93%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −23%).
- Most Recent 13F
- Q2 2026
- Location
- COLOGNE, 2M
- CIK
- 0001575677
- Portfolio Value
- $24.4B (Q2 2025)
- SEC Filing
- 0001575677-25-000010 ↗ filed Aug 7, 2025
Holdings Value
Holdings 100 stocks · $24.4B
| MSFT Microsoft Corp. | 6.95% | 3,418,400 | $1.7B | Add +0.3% |
| AMZN Amazon.com Inc. | 6.14% | 6,843,320 | $1.5B | Add +14.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.53% | 2,781,382 | $1.4B | Reduce -22.6% |
| GOOGL Alphabet Inc. Class A | 4.80% | 6,665,699 | $1.2B | Add +17.9% |
| TMO Thermo Fisher Scientific Inc. | 4.52% | 2,727,021 | $1.1B | Add +93.0% |
| APH Amphenol Corp. Class A | 4.01% | 9,938,382 | $981.4M | Reduce -12.8% |
| JNJ Johnson & Johnson | 3.96% | 6,342,997 | $968.9M | Reduce -2.3% |
| SCHW Schwab (charles) Corp. | 3.95% | 10,580,171 | $965.3M | Reduce -2.1% |
| PEP Pepsico Inc. | 3.58% | 6,637,469 | $876.4M | Add +18.7% |
| ABT Abbott Laboratories | 3.57% | 6,422,870 | $873.6M | Reduce -7.6% |
| ICE Intercontinental Exchange Inc. | 3.42% | 4,563,275 | $837.2M | Reduce -1.8% |
| DHR Danaher Corp. | 3.42% | 4,228,515 | $835.3M | Add +7.8% |
| NKE Nike Inc. Class B | 3.27% | 11,265,390 | $800.3M | Add +9.5% |
| V Visa Inc. Class A | 3.12% | 2,151,030 | $763.7M | Reduce -3.1% |
| ACN Accenture PLC Class A | 2.94% | 2,408,800 | $720.0M | Add +48.0% |
| AME Ametek Inc. | 2.80% | 3,785,676 | $685.1M | Add +0.4% |
| AAPL Apple Inc. | 2.58% | 3,076,030 | $631.1M | Reduce -24.2% |
| FTV Fortive Corp. | 2.57% | 12,043,449 | $627.8M | Add +1.6% |
| PG The Procter & Gamble Co. | 2.04% | 3,131,954 | $499.0M | Reduce -19.8% |
| AMAT Applied Materials Inc. | 1.84% | 2,461,720 | $450.7M | Add +11.5% |
| BNTX Biontech SE-ADR | 1.84% | 4,230,098 | $450.4M | Reduce -0.7% |
| META Meta Platforms Inc. Class A | 1.68% | 555,409 | $409.9M | Reduce -4.1% |
| LULU Lululemon Athletica Inc. | 1.59% | 1,640,217 | $389.7M | Add +17.0% |
| SPGI S&P Global Inc. | 1.55% | 720,469 | $379.9M | Reduce -0.5% |
| MA Mastercard Inc. Class A | 1.40% | 608,204 | $341.8M | Reduce -0.2% |
| SHW The Sherwin-Williams Co. | 1.25% | 888,360 | $305.0M | Add +2.4% |
| GGG Graco Inc. | 1.17% | 3,337,450 | $286.9M | Reduce -4.6% |
| CRM Salesforce Inc. | 0.94% | 841,028 | $229.3M | Add +18.3% |
| ROP Roper Technologies Inc. | 0.90% | 389,078 | $220.5M | Add +29.7% |
| RAL Ralliant Corp. | 0.81% | 4,084,903 | $198.1M | Add +3.5% |
| BLK BlackRock Inc. | 0.71% | 164,730 | $172.8M | Reduce -1.3% |
| LIN Linde PLC | 0.70% | 366,009 | $171.7M | Reduce -2.5% |
| IDXX Idexx Laboratories Inc. | 0.53% | 241,125 | $129.3M | Reduce -56.3% |
| MMM 3M Co. | 0.49% | 793,280 | $120.8M | Reduce -0.8% |
| MSCI MSCI Inc. | 0.49% | 209,331 | $120.7M | Reduce -2.9% |
| MDT Medtronic PLC | 0.48% | 1,341,102 | $116.9M | Reduce -3.8% |
| IEX Idex Corp. | 0.46% | 640,792 | $112.5M | Add +132.8% |
| DG Dollar General Corp. | 0.46% | 981,383 | $112.3M | Reduce -18.7% |
| SYK Stryker Corp. | 0.44% | 273,380 | $108.2M | Reduce -28.0% |
| NDAQ Nasdaq Inc. | 0.43% | 1,172,990 | $104.9M | Add +1.2% |
| ADI Analog Devices Inc. | 0.41% | 426,142 | $101.4M | Reduce -3.2% |
| MCD McDonald's Corp. | 0.38% | 318,413 | $93.0M | Reduce -30.8% |
| MCO Moody's Corp. | 0.38% | 185,439 | $93.0M | Add +2.6% |
| BKNG Booking Holdings Inc. | 0.38% | 16,010 | $92.7M | Reduce -6.2% |
| HDB HDFC Bank Ltd.-ADR | 0.31% | 975,655 | $74.8M | Reduce -7.0% |
| NFLX Netflix Inc. | 0.30% | 54,979 | $73.6M | Add +19.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.29% | 316,397 | $71.7M | Add +12.6% |
| AVGO Broadcom Inc. | 0.29% | 257,267 | $70.9M | Add +144.6% |
| UBER Uber Technologies Inc. | 0.29% | 754,016 | $70.3M | Reduce -29.8% |
| ITW Illinois Tool Works | 0.27% | 266,791 | $66.0M | Reduce -3.9% |
| KO The Coca-Cola Co. | 0.25% | 863,021 | $61.1M | Reduce -13.1% |
| CPRT Copart Inc. | 0.23% | 1,135,122 | $55.7M | Add +93.6% |
| NVDA Nvidia Corp. | 0.22% | 342,032 | $54.0M | Add +37.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.18% | 356,954 | $44.3M | Reduce -8.4% |
| WMT Walmart Inc. | 0.16% | 410,122 | $40.1M | Reduce -20.0% |
| VRSK Verisk Analytics Inc. | 0.16% | 124,894 | $38.9M | Reduce -45.6% |
| BDX Becton Dickinson and Co. | 0.15% | 211,226 | $36.4M | Add +8.8% |
| XOM Exxon Mobil Corp. | 0.15% | 335,684 | $36.2M | Reduce -26.8% |
| RACE Ferrari NV | 0.12% | 60,201 | $29.5M | Add +22.3% |
| CL Colgate-Palmolive Co. | 0.12% | 315,928 | $28.7M | Add +13.1% |
| MELI MercadoLibre Inc. | 0.11% | 10,270 | $26.8M | Add +0.6% |
| PYPL PayPal Holdings Inc. | 0.10% | 341,868 | $25.4M | Reduce -30.5% |
| SBUX Starbucks Corp. | 0.10% | 270,361 | $24.8M | Reduce -17.1% |
| AXP American Express Co. | 0.10% | 77,505 | $24.7M | Reduce -22.5% |
| UNP Union Pacific Corp. | 0.09% | 99,945 | $23.0M | Reduce -27.9% |
| BABA Alibaba Group Holding-SP ADR | 0.09% | 184,000 | $20.9M | Reduce -7.2% |
| ADBE Adobe Inc. | 0.08% | 50,109 | $19.4M | Reduce -13.4% |
| ODFL Old Dominion Freight Line | 0.07% | 106,638 | $17.3M | Reduce -71.4% |
| HD Home Depot Inc. | 0.07% | 46,127 | $16.9M | Reduce -18.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.07% | 131,535 | $16.2M | Add +5.1% |
| VZ Verizon Communications Inc. | 0.06% | 356,179 | $15.4M | Reduce -11.2% |
| CHD Church & Dwight Co. Inc. | 0.06% | 148,613 | $14.3M | Reduce -3.0% |
| ROST Ross Stores Inc. | 0.06% | 108,115 | $13.8M | Add +40.3% |
| ADP Automatic Data Processing | 0.06% | 43,867 | $13.5M | Reduce -32.0% |
| INTU Intuit Inc. | 0.05% | 15,322 | $12.1M | Reduce -12.4% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.04% | 800,000 | $11.0M | Add +11.1% |
| SW Smurfit Westrock PLC | 0.04% | 227,435 | $9.8M | Reduce -45.1% |
| COP Conocophillips | 0.04% | 96,966 | $8.7M | Reduce -32.1% |
| FAST Fastenal Co. | 0.03% | 201,536 | $8.5M | Reduce -54.2% |
| BX Blackstone Inc. | 0.03% | 45,000 | $6.7M | No change |
| ORLY O'reilly Automotive Inc. | 0.02% | 67,505 | $6.1M | Reduce -18.5% |
| CPNG Coupang Inc. | 0.02% | 190,000 | $5.7M | No change |
| IBN Icici Bank Ltd.-Spon ADR | 0.02% | 160,000 | $5.4M | Add +14.3% |
| MKTX Marketaxess Holdings Inc. | 0.02% | 23,000 | $5.1M | No change |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.02% | 59,387 | $4.8M | Reduce -3.2% |
| SPOT Spotify Technology SA | 0.02% | 5,134 | $3.9M | Add +1287.6% |
| YUMC Yum China Holdings Inc. | 0.02% | 82,500 | $3.7M | Add +3.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.01% | 4 | $2.9M | No change |
| NTES Netease Inc.-ADR | 0.01% | 17,500 | $2.4M | Reduce -12.5% |
| TCOM Trip.com Group Ltd.-ADR | 0.01% | 40,000 | $2.3M | New |
| MDLZ Mondelez International Inc. Class A | 0.01% | 32,070 | $2.2M | Reduce -81.2% |
| FMX Fomento Economico Mex-SP ADR | 0.01% | 20,000 | $2.1M | Reduce -11.1% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.01% | 59,798 | $2.0M | Reduce -43.8% |
| MMYT Makemytrip Ltd. | 0.01% | 19,000 | $1.9M | Reduce -5.0% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.01% | 21,500 | $1.8M | Reduce -14.0% |
| GLOB Globant SA | 0.01% | 19,000 | $1.7M | No change |
| ABNB Airbnb Inc. Class A | 0.01% | 10,781 | $1.4M | Reduce -36.2% |
| GOOG Alphabet Inc. Class C | 0.00% | 1,989 | $353K | Reduce -10.0% |
| CDNS Cadence Design SYS Inc. | 0.00% | 997 | $307K | New |
| CSGP Costar Group Inc. | 0.00% | 2,500 | $201K | New |
Options reported separately and not counted above: META PLATFORMS INC puts ($3.3M).
Other holdings (11): bonds, preferreds, convertibles and warrants · $15.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | 2,750,000 | $2.7M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 2,700,000 | $2.6M | No change |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 2,200,000 | $1.9M | Reduce -18.5% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 1,900,000 | $1.7M | No change |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 1,500,000 | $1.5M | No change |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 1,200,000 | $1.2M | Reduce -29.4% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 900,000 | $876K | No change |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 1,000,000 | $868K | Reduce -66.7% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 500,000 | $714K | Reduce -50.0% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 500,000 | $599K | New |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 400,000 | $458K | No change |
Total filed on the 13F, all lines: $24.5B.
Portfolio Sells Q1 2025 → Q2 2025
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -22.6% | 5.53% | −2.77 |
| AAPL Apple Inc. | Reduce -24.2% | 2.58% | −1.33 |
| PG The Procter & Gamble Co. | Reduce -19.8% | 2.04% | −0.84 |
| JNJ Johnson & Johnson | Reduce -2.3% | 3.96% | −0.70 |
| IDXX Idexx Laboratories Inc. | Reduce -56.3% | 0.53% | −0.48 |
| ABT Abbott Laboratories | Reduce -7.6% | 3.57% | −0.42 |
| V Visa Inc. Class A | Reduce -3.1% | 3.12% | −0.25 |
| MCD McDonald's Corp. | Reduce -30.8% | 0.38% | −0.24 |
| ODFL Old Dominion Freight Line | Reduce -71.4% | 0.07% | −0.20 |
| SYK Stryker Corp. | Reduce -28.0% | 0.44% | −0.17 |
| VRSK Verisk Analytics Inc. | Reduce -45.6% | 0.16% | −0.14 |
| MTCH Match Group Inc. | Sold out | 0.00% | −0.10 |
| GGG Graco Inc. | Reduce -4.6% | 1.17% | −0.09 |
| XOM Exxon Mobil Corp. | Reduce -26.8% | 0.15% | −0.09 |
| MDT Medtronic PLC | Reduce -3.8% | 0.48% | −0.07 |
| KO The Coca-Cola Co. | Reduce -13.1% | 0.25% | −0.06 |
| LIN Linde PLC | Reduce -2.5% | 0.70% | −0.06 |
| UBER Uber Technologies Inc. | Reduce -29.8% | 0.29% | −0.05 |
| ICE Intercontinental Exchange Inc. | Reduce -1.8% | 3.42% | −0.05 |
| MA Mastercard Inc. Class A | Reduce -0.2% | 1.40% | −0.05 |
| UNP Union Pacific Corp. | Reduce -27.9% | 0.09% | −0.05 |
| MDLZ Mondelez International Inc. Class A | Reduce -81.2% | 0.01% | −0.04 |
| SPGI S&P Global Inc. | Reduce -0.5% | 1.55% | −0.04 |
| SW Smurfit Westrock PLC | Reduce -45.1% | 0.04% | −0.04 |
| FAST Fastenal Co. | Reduce -54.2% | 0.03% | −0.04 |
| SBUX Starbucks Corp. | Reduce -17.1% | 0.10% | −0.04 |
| PYPL PayPal Holdings Inc. | Reduce -30.5% | 0.10% | −0.04 |
| MSCI MSCI Inc. | Reduce -2.9% | 0.49% | −0.03 |
| SAIA Saia Inc. | Sold out | 0.00% | −0.03 |
| WMT Walmart Inc. | Reduce -20.0% | 0.16% | −0.03 |
| ADP Automatic Data Processing | Reduce -32.0% | 0.06% | −0.03 |
| COP Conocophillips | Reduce -32.1% | 0.04% | −0.03 |
| ITW Illinois Tool Works | Reduce -3.9% | 0.27% | −0.03 |
| BABA Alibaba Group Holding-SP ADR | Reduce -7.2% | 0.09% | −0.03 |
| HD Home Depot Inc. | Reduce -18.3% | 0.07% | −0.02 |
| ADBE Adobe Inc. | Reduce -13.4% | 0.08% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -11.2% | 0.06% | −0.02 |
| AXP American Express Co. | Reduce -22.5% | 0.10% | −0.02 |
| MMM 3M Co. | Reduce -0.8% | 0.49% | −0.02 |
| CHD Church & Dwight Co. Inc. | Reduce -3.0% | 0.06% | −0.01 |
| SLB SLB Ltd. | Reduce -43.8% | 0.01% | −0.01 |
| ORLY O'reilly Automotive Inc. | Reduce -18.5% | 0.02% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.00 |
| ABNB Airbnb Inc. Class A | Reduce -36.2% | 0.01% | −0.00 |
| T AT&T Inc. | Sold out | 0.00% | −0.00 |
| KSPI JSC Kaspi.kz ADR | Reduce -14.0% | 0.01% | −0.00 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.00 |
| HIG Hartford Insurance Group Inc. | Sold out | 0.00% | −0.00 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.00 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| TMO Thermo Fisher Scientific Inc. | Add +93.0% | 4.52% | +1.48 |
| MSFT Microsoft Corp. | Add +0.3% | 6.95% | +1.41 |
| AMZN Amazon.com Inc. | Add +14.0% | 6.14% | +1.19 |
| GOOGL Alphabet Inc. Class A | Add +17.9% | 4.80% | +1.02 |
| ACN Accenture PLC Class A | Add +48.0% | 2.94% | +0.74 |
| AMAT Applied Materials Inc. | Add +11.5% | 1.84% | +0.45 |
| NKE Nike Inc. Class B | Add +9.5% | 3.27% | +0.44 |
| IEX Idex Corp. | Add +132.8% | 0.46% | +0.24 |
| AVGO Broadcom Inc. | Add +144.6% | 0.29% | +0.21 |
| ROP Roper Technologies Inc. | Add +29.7% | 0.90% | +0.14 |
| NFLX Netflix Inc. | Add +19.5% | 0.30% | +0.12 |
| CRM Salesforce Inc. | Add +18.3% | 0.94% | +0.11 |
| NVDA Nvidia Corp. | Add +37.7% | 0.22% | +0.10 |
| TSM Taiwan Semiconductor-SP ADR | Add +12.6% | 0.29% | +0.09 |
| CPRT Copart Inc. | Add +93.6% | 0.23% | +0.08 |
| NDAQ Nasdaq Inc. | Add +1.2% | 0.43% | +0.05 |
| RACE Ferrari NV | Add +22.3% | 0.12% | +0.03 |
| MELI MercadoLibre Inc. | Add +0.6% | 0.11% | +0.02 |
| MCO Moody's Corp. | Add +2.6% | 0.38% | +0.02 |
| SPOT Spotify Technology SA | Add +1287.6% | 0.02% | +0.02 |
| ROST Ross Stores Inc. | Add +40.3% | 0.06% | +0.01 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +11.1% | 0.04% | +0.01 |
| TCOM Trip.com Group Ltd.-ADR | New | 0.01% | +0.01 |
| CL Colgate-Palmolive Co. | Add +13.1% | 0.12% | +0.00 |
| IBN Icici Bank Ltd.-Spon ADR | Add +14.3% | 0.02% | +0.00 |
| CDNS Cadence Design SYS Inc. | New | 0.00% | +0.00 |
| CSGP Costar Group Inc. | New | 0.00% | +0.00 |
| TJX TJX Companies Inc. | Add +5.1% | 0.07% | +0.00 |
| YUMC Yum China Holdings Inc. | Add +3.1% | 0.02% | −0.00 |
| AME Ametek Inc. | Add +0.4% | 2.80% | −0.01 |
| RAL Ralliant Corp. | Add +3.5% | 0.81% | −0.02 |
| BDX Becton Dickinson and Co. | Add +8.8% | 0.15% | −0.04 |
| PEP Pepsico Inc. | Add +18.7% | 3.58% | −0.05 |
| SHW The Sherwin-Williams Co. | Add +2.4% | 1.25% | −0.07 |
| DHR Danaher Corp. | Add +7.8% | 3.42% | −0.07 |
| LULU Lululemon Athletica Inc. | Add +17.0% | 1.59% | −0.13 |
| FTV Fortive Corp. | Add +1.6% | 2.57% | −1.19 |
Options Activity Q1 2025 → Q2 2025
| META PLATFORMS INC | put | New | 45 | $3.3M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Reduce -18.5% | 2,200,000 | $1.9M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Sold out | 1,600,000 | $1.5Mbefore exit |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Reduce -29.4% | 1,200,000 | $1.2M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Sold out | 1,000,000 | $979Kbefore exit |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Reduce -66.7% | 1,000,000 | $868K |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -50.0% | 500,000 | $714K |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | New | 500,000 | $599K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 98 | $22.1B | GOOGL, AMZN, MSFT, BRK.B, APH |
| Q1 2026 | 101 | $21.4B | GOOGL, MSFT, BRK.B, AMZN, SCHW |
| Q4 2025 | 102 | $25.2B | GOOGL, MSFT, AMZN, BRK.B, TMO |
| Q3 2025 | 108 | $25.4B | MSFT, GOOGL, AMZN, BRK.B, TMO |
| Q2 2025 | 100 | $24.4B | MSFT, AMZN, BRK.B, GOOGL, TMO |
| Q1 2025 | 122 | $23.1B | BRK.B, MSFT, AMZN, JNJ, ABT |
| Q4 2024 | 99 | $25.1B | BRK.B, MSFT, AMZN, GOOGL, AAPL |
| Q3 2024 | 101 | $25.5B | BRK.B, MSFT, AMZN, GOOGL, AAPL |
| Q2 2024 | 98 | $23.8B | BRK.B, MSFT, GOOGL, AMZN, AAPL |
| Q1 2024 | 100 | $22.9B | BRK.B, GOOGL, MSFT, AMZN, DHR |