Flossbach Von Storch SE
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 3, 2025), Flossbach Von Storch SE reported 108 stock positions worth $25.4 billion. Its top holding was Microsoft (MSFT) at 7.0% of the portfolio, followed by Alphabet Class A (GOOGL, 6.5%) and Amazon.com (AMZN, 5.9%). Compared with Q2 2025, it opened 8 new positions, added to 44 and reduced 42. The biggest buy was Alphabet Class A (GOOGL, shares +2%) and the biggest sale Johnson & Johnson (JNJ, shares −53%).
- Most Recent 13F
- Q2 2026
- Location
- COLOGNE, 2M
- CIK
- 0001575677
- Portfolio Value
- $25.4B (Q3 2025)
- SEC Filing
- 0001575677-25-000014 ↗ filed Nov 3, 2025
Holdings Value
Holdings 108 stocks · $25.4B
| MSFT Microsoft Corp. | 6.96% | 3,409,081 | $1.8B | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 6.53% | 6,812,930 | $1.7B | Add +2.2% |
| AMZN Amazon.com Inc. | 5.89% | 6,803,957 | $1.5B | Reduce -0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.53% | 2,787,941 | $1.4B | Add +0.2% |
| TMO Thermo Fisher Scientific Inc. | 4.81% | 2,516,098 | $1.2B | Reduce -7.7% |
| APH Amphenol Corp. Class A | 4.30% | 8,807,348 | $1.1B | Reduce -11.4% |
| SCHW Schwab (charles) Corp. | 4.00% | 10,631,352 | $1.0B | Add +0.5% |
| ABT Abbott Laboratories | 3.49% | 6,609,983 | $885.3M | Add +2.9% |
| AAPL Apple Inc. | 3.41% | 3,393,476 | $864.1M | Add +10.3% |
| DHR Danaher Corp. | 3.28% | 4,201,663 | $833.0M | Reduce -0.6% |
| PEP Pepsico Inc. | 3.25% | 5,878,893 | $825.6M | Reduce -11.4% |
| ICE Intercontinental Exchange Inc. | 3.03% | 4,567,933 | $769.6M | Add +0.1% |
| V Visa Inc. Class A | 2.92% | 2,172,103 | $741.5M | Add +1.0% |
| AME Ametek Inc. | 2.80% | 3,783,841 | $711.4M | Reduce -0.1% |
| NKE Nike Inc. Class B | 2.71% | 9,866,461 | $688.0M | Reduce -12.4% |
| ACN Accenture PLC Class A | 2.45% | 2,521,263 | $621.7M | Add +4.7% |
| FTV Fortive Corp. | 2.25% | 11,646,149 | $570.5M | Reduce -3.3% |
| JNJ Johnson & Johnson | 2.19% | 2,995,174 | $555.4M | Reduce -52.8% |
| AMAT Applied Materials Inc. | 1.94% | 2,408,464 | $493.1M | Reduce -2.2% |
| PG The Procter & Gamble Co. | 1.88% | 3,096,726 | $475.8M | Reduce -1.1% |
| ROP Roper Technologies Inc. | 1.76% | 896,161 | $446.9M | Add +130.3% |
| META Meta Platforms Inc. Class A | 1.70% | 586,067 | $430.4M | Add +5.5% |
| MELI MercadoLibre Inc. | 1.67% | 181,719 | $424.7M | Add +1669.4% |
| BNTX Biontech SE-ADR | 1.64% | 4,230,033 | $417.2M | Reduce 0.0% |
| SPGI S&P Global Inc. | 1.40% | 731,305 | $355.9M | Add +1.5% |
| LULU Lululemon Athletica Inc. | 1.35% | 1,930,831 | $343.6M | Add +17.7% |
| LIN Linde PLC | 1.35% | 721,959 | $342.9M | Add +97.3% |
| MA Mastercard Inc. Class A | 1.32% | 590,809 | $336.1M | Reduce -2.9% |
| GGG Graco Inc. | 1.12% | 3,337,450 | $283.5M | No change |
| CRM Salesforce Inc. | 0.86% | 924,010 | $219.0M | Add +9.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.83% | 757,970 | $211.7M | Add +139.6% |
| RAL Ralliant Corp. | 0.72% | 4,152,866 | $181.6M | Add +1.7% |
| BLK BlackRock Inc. | 0.59% | 129,157 | $150.6M | Reduce -21.6% |
| SHW The Sherwin-Williams Co. | 0.56% | 409,454 | $141.8M | Reduce -53.9% |
| IEX Idex Corp. | 0.51% | 791,020 | $128.7M | Add +23.4% |
| MSCI MSCI Inc. | 0.51% | 226,772 | $128.7M | Add +8.3% |
| ADI Analog Devices Inc. | 0.50% | 517,199 | $127.1M | Add +21.4% |
| MDT Medtronic PLC | 0.48% | 1,265,609 | $120.5M | Reduce -5.6% |
| AVGO Broadcom Inc. | 0.46% | 353,013 | $116.5M | Add +37.2% |
| DG Dollar General Corp. | 0.43% | 1,046,937 | $108.2M | Add +6.7% |
| MCD McDonald's Corp. | 0.41% | 344,769 | $104.8M | Add +8.3% |
| MMM 3M Co. | 0.40% | 656,217 | $101.8M | Reduce -17.3% |
| SYK Stryker Corp. | 0.40% | 275,422 | $101.8M | Add +0.8% |
| NDAQ Nasdaq Inc. | 0.39% | 1,126,905 | $99.7M | Reduce -3.9% |
| CPRT Copart Inc. | 0.38% | 2,147,849 | $96.6M | Add +89.2% |
| NVDA Nvidia Corp. | 0.31% | 416,326 | $77.7M | Add +21.7% |
| UBER Uber Technologies Inc. | 0.28% | 722,612 | $70.8M | Reduce -4.2% |
| IDXX Idexx Laboratories Inc. | 0.28% | 110,534 | $70.6M | Reduce -54.2% |
| NFLX Netflix Inc. | 0.27% | 57,741 | $69.2M | Add +5.0% |
| ITW Illinois Tool Works | 0.27% | 263,592 | $68.7M | Reduce -1.2% |
| HDB HDFC Bank Ltd.-ADR | 0.27% | 1,982,810 | $67.7M | Add +1.6% |
| BKNG Booking Holdings Inc. | 0.26% | 12,361 | $66.7M | Reduce -22.8% |
| KO The Coca-Cola Co. | 0.23% | 869,928 | $57.7M | Add +0.8% |
| MCO Moody's Corp. | 0.19% | 101,816 | $48.5M | Reduce -45.1% |
| WMT Walmart Inc. | 0.17% | 412,285 | $42.5M | Add +0.5% |
| RACE Ferrari NV | 0.16% | 83,106 | $40.1M | Add +38.0% |
| XOM Exxon Mobil Corp. | 0.14% | 321,523 | $36.3M | Reduce -4.2% |
| BDX Becton Dickinson and Co. | 0.12% | 165,320 | $30.9M | Reduce -21.7% |
| BABA Alibaba Group Holding-SP ADR | 0.11% | 155,000 | $27.7M | Reduce -15.8% |
| AXP American Express Co. | 0.10% | 79,387 | $26.4M | Add +2.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.10% | 229,321 | $26.3M | Reduce -35.8% |
| CL Colgate-Palmolive Co. | 0.10% | 301,906 | $24.1M | Reduce -4.4% |
| ODFL Old Dominion Freight Line | 0.07% | 134,325 | $18.9M | Add +26.0% |
| ADBE Adobe Inc. | 0.07% | 51,714 | $18.2M | Add +3.2% |
| HD Home Depot Inc. | 0.07% | 43,755 | $17.7M | Reduce -5.1% |
| ROST Ross Stores Inc. | 0.07% | 116,042 | $17.7M | Add +7.3% |
| PYPL PayPal Holdings Inc. | 0.07% | 255,634 | $17.1M | Reduce -25.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.06% | 112,462 | $16.3M | Reduce -14.5% |
| VZ Verizon Communications Inc. | 0.06% | 356,179 | $15.7M | No change |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.06% | 175,000 | $15.4M | Add +194.7% |
| MKTX Marketaxess Holdings Inc. | 0.05% | 79,000 | $13.8M | Add +243.5% |
| VRSK Verisk Analytics Inc. | 0.05% | 53,863 | $13.5M | Reduce -56.9% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.05% | 800,000 | $12.8M | No change |
| UNP Union Pacific Corp. | 0.05% | 50,450 | $11.9M | Reduce -49.5% |
| CHD Church & Dwight Co. Inc. | 0.04% | 127,863 | $11.2M | Reduce -14.0% |
| SBUX Starbucks Corp. | 0.04% | 128,281 | $10.9M | Reduce -52.5% |
| INTU Intuit Inc. | 0.04% | 13,840 | $9.5M | Reduce -9.7% |
| COP Conocophillips | 0.04% | 97,856 | $9.3M | Add +0.9% |
| SW Smurfit Westrock PLC | 0.03% | 206,260 | $8.6M | Reduce -9.3% |
| BX Blackstone Inc. | 0.03% | 45,000 | $7.7M | No change |
| ORLY O'reilly Automotive Inc. | 0.03% | 68,918 | $7.4M | Add +2.1% |
| SPOT Spotify Technology SA | 0.03% | 10,091 | $7.0M | Add +96.5% |
| FAST Fastenal Co. | 0.03% | 130,667 | $6.4M | Reduce -35.2% |
| CPNG Coupang Inc. | 0.02% | 190,000 | $6.1M | No change |
| TT Trane Technologies PLC | 0.02% | 12,000 | $5.1M | New |
| IBN Icici Bank Ltd.-Spon ADR | 0.02% | 160,000 | $4.8M | No change |
| MMYT Makemytrip Ltd. | 0.01% | 37,500 | $3.5M | Add +97.4% |
| YUMC Yum China Holdings Inc. | 0.01% | 80,000 | $3.4M | Reduce -3.0% |
| TCOM Trip.com Group Ltd.-ADR | 0.01% | 45,000 | $3.4M | Add +12.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.01% | 4 | $3.0M | No change |
| NTES Netease Inc.-ADR | 0.01% | 17,500 | $2.7M | No change |
| MDLZ Mondelez International Inc. Class A | 0.01% | 38,625 | $2.4M | Add +20.4% |
| FMX Fomento Economico Mex-SP ADR | 0.01% | 20,000 | $2.0M | No change |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.01% | 21,500 | $1.8M | No change |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.01% | 45,731 | $1.6M | Reduce -23.5% |
| ADP Automatic Data Processing | 0.01% | 4,872 | $1.4M | Reduce -88.9% |
| ABNB Airbnb Inc. Class A | 0.01% | 10,781 | $1.3M | No change |
| GLOB Globant SA | 0.00% | 19,000 | $1.1M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.00% | 3,505 | $989K | New |
| EA Electronic Arts Inc. | 0.00% | 4,425 | $893K | New |
Options reported separately and not counted above: META PLATFORMS INC puts ($3.3M).
Other holdings (10): bonds, preferreds, convertibles and warrants · $11.7M (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 |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 1,750,000 | $2.0M | Add +16.7% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 1,900,000 | $1.8M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 1,700,000 | $1.6M | Reduce -37.0% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 1,400,000 | $1.2M | Reduce -36.4% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 900,000 | $863K | No change |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 500,000 | $610K | No change |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 200,000 | $295K | Reduce -60.0% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 200,000 | $282K | Reduce -50.0% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 300,000 | $269K | Reduce -70.0% |
Total filed on the 13F, all lines: $25.4B.
Portfolio Sells Q2 2025 → Q3 2025
| JNJ Johnson & Johnson | Reduce -52.8% | 2.19% | −1.77 |
| SHW The Sherwin-Williams Co. | Reduce -53.9% | 0.56% | −0.69 |
| NKE Nike Inc. Class B | Reduce -12.4% | 2.71% | −0.56 |
| PEP Pepsico Inc. | Reduce -11.4% | 3.25% | −0.33 |
| FTV Fortive Corp. | Reduce -3.3% | 2.25% | −0.32 |
| AMZN Amazon.com Inc. | Reduce -0.6% | 5.89% | −0.25 |
| IDXX Idexx Laboratories Inc. | Reduce -54.2% | 0.28% | −0.25 |
| BNTX Biontech SE-ADR | Reduce 0.0% | 1.64% | −0.20 |
| MCO Moody's Corp. | Reduce -45.1% | 0.19% | −0.19 |
| PG The Procter & Gamble Co. | Reduce -1.1% | 1.88% | −0.17 |
| DHR Danaher Corp. | Reduce -0.6% | 3.28% | −0.13 |
| BKNG Booking Holdings Inc. | Reduce -22.8% | 0.26% | −0.12 |
| BLK BlackRock Inc. | Reduce -21.6% | 0.59% | −0.11 |
| VRSK Verisk Analytics Inc. | Reduce -56.9% | 0.05% | −0.11 |
| MMM 3M Co. | Reduce -17.3% | 0.40% | −0.09 |
| DIS The Walt Disney Co. | Reduce -35.8% | 0.10% | −0.08 |
| MA Mastercard Inc. Class A | Reduce -2.9% | 1.32% | −0.07 |
| SBUX Starbucks Corp. | Reduce -52.5% | 0.04% | −0.06 |
| ADP Automatic Data Processing | Reduce -88.9% | 0.01% | −0.05 |
| UNP Union Pacific Corp. | Reduce -49.5% | 0.05% | −0.05 |
| PYPL PayPal Holdings Inc. | Reduce -25.2% | 0.07% | −0.04 |
| NDAQ Nasdaq Inc. | Reduce -3.9% | 0.39% | −0.04 |
| BDX Becton Dickinson and Co. | Reduce -21.7% | 0.12% | −0.03 |
| CL Colgate-Palmolive Co. | Reduce -4.4% | 0.10% | −0.02 |
| CHD Church & Dwight Co. Inc. | Reduce -14.0% | 0.04% | −0.01 |
| INTU Intuit Inc. | Reduce -9.7% | 0.04% | −0.01 |
| FAST Fastenal Co. | Reduce -35.2% | 0.03% | −0.01 |
| UBER Uber Technologies Inc. | Reduce -4.2% | 0.28% | −0.01 |
| SW Smurfit Westrock PLC | Reduce -9.3% | 0.03% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -4.2% | 0.14% | −0.01 |
| MDT Medtronic PLC | Reduce -5.6% | 0.48% | −0.00 |
| TJX TJX Companies Inc. | Reduce -14.5% | 0.06% | −0.00 |
| SLB SLB Ltd. | Reduce -23.5% | 0.01% | −0.00 |
| YUMC Yum China Holdings Inc. | Reduce -3.0% | 0.01% | −0.00 |
| HD Home Depot Inc. | Reduce -5.1% | 0.07% | +0.00 |
| ITW Illinois Tool Works | Reduce -1.2% | 0.27% | +0.00 |
| AME Ametek Inc. | Reduce -0.1% | 2.80% | +0.00 |
| MSFT Microsoft Corp. | Reduce -0.3% | 6.96% | +0.01 |
| BABA Alibaba Group Holding-SP ADR | Reduce -15.8% | 0.11% | +0.02 |
| AMAT Applied Materials Inc. | Reduce -2.2% | 1.94% | +0.10 |
| APH Amphenol Corp. Class A | Reduce -11.4% | 4.30% | +0.28 |
| TMO Thermo Fisher Scientific Inc. | Reduce -7.7% | 4.81% | +0.29 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | Add +2.2% | 6.53% | +1.72 |
| MELI MercadoLibre Inc. | Add +1669.4% | 1.67% | +1.56 |
| ROP Roper Technologies Inc. | Add +130.3% | 1.76% | +0.86 |
| AAPL Apple Inc. | Add +10.3% | 3.41% | +0.82 |
| LIN Linde PLC | Add +97.3% | 1.35% | +0.65 |
| TSM Taiwan Semiconductor-SP ADR | Add +139.6% | 0.83% | +0.54 |
| AVGO Broadcom Inc. | Add +37.2% | 0.46% | +0.17 |
| CPRT Copart Inc. | Add +89.2% | 0.38% | +0.15 |
| ADI Analog Devices Inc. | Add +21.4% | 0.50% | +0.09 |
| NVDA Nvidia Corp. | Add +21.7% | 0.31% | +0.09 |
| SCHW Schwab (charles) Corp. | Add +0.5% | 4.00% | +0.05 |
| IEX Idex Corp. | Add +23.4% | 0.51% | +0.05 |
| EL Estee Lauder Companies Class A | Add +194.7% | 0.06% | +0.04 |
| RACE Ferrari NV | Add +38.0% | 0.16% | +0.04 |
| MKTX Marketaxess Holdings Inc. | Add +243.5% | 0.05% | +0.03 |
| MCD McDonald's Corp. | Add +8.3% | 0.41% | +0.03 |
| TT Trane Technologies PLC | New | 0.02% | +0.02 |
| META Meta Platforms Inc. Class A | Add +5.5% | 1.70% | +0.02 |
| MSCI MSCI Inc. | Add +8.3% | 0.51% | +0.01 |
| ROST Ross Stores Inc. | Add +7.3% | 0.07% | +0.01 |
| SPOT Spotify Technology SA | Add +96.5% | 0.03% | +0.01 |
| MMYT Makemytrip Ltd. | Add +97.4% | 0.01% | +0.01 |
| ORLY O'reilly Automotive Inc. | Add +2.1% | 0.03% | +0.00 |
| IBM Intl Business Machines Corp. | New | 0.00% | +0.00 |
| ODFL Old Dominion Freight Line | Add +26.0% | 0.07% | +0.00 |
| TCOM Trip.com Group Ltd.-ADR | Add +12.5% | 0.01% | +0.00 |
| EA Electronic Arts Inc. | New | 0.00% | +0.00 |
| WMT Walmart Inc. | Add +0.5% | 0.17% | +0.00 |
| CHKP Check Point Software Tech | New | 0.00% | +0.00 |
| FTNT Fortinet Inc. | New | 0.00% | +0.00 |
| AXP American Express Co. | Add +2.4% | 0.10% | +0.00 |
| INFY Infosys Ltd.-SP ADR | New | 0.00% | +0.00 |
| PDD PDD Holdings Inc. | New | 0.00% | +0.00 |
| COP Conocophillips | Add +0.9% | 0.04% | +0.00 |
| ORCL Oracle Corp. | New | 0.00% | +0.00 |
| GOOG Alphabet Inc. Class C | Add +12.6% | 0.00% | +0.00 |
| MDLZ Mondelez International Inc. Class A | Add +20.4% | 0.01% | +0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.2% | 5.53% | −0.00 |
| ADBE Adobe Inc. | Add +3.2% | 0.07% | −0.01 |
| KO The Coca-Cola Co. | Add +0.8% | 0.23% | −0.02 |
| NFLX Netflix Inc. | Add +5.0% | 0.27% | −0.03 |
| DG Dollar General Corp. | Add +6.7% | 0.43% | −0.03 |
| HDB HDFC Bank Ltd.-ADR | Add +1.6% | 0.27% | −0.04 |
| SYK Stryker Corp. | Add +0.8% | 0.40% | −0.04 |
| CRM Salesforce Inc. | Add +9.9% | 0.86% | −0.07 |
| ABT Abbott Laboratories | Add +2.9% | 3.49% | −0.08 |
| RAL Ralliant Corp. | Add +1.7% | 0.72% | −0.09 |
| SPGI S&P Global Inc. | Add +1.5% | 1.40% | −0.15 |
| V Visa Inc. Class A | Add +1.0% | 2.92% | −0.20 |
| LULU Lululemon Athletica Inc. | Add +17.7% | 1.35% | −0.24 |
Notes & Other Activity Q2 2025 → Q3 2025
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | Add +16.7% | 1,750,000 | $2.0M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Reduce -37.0% | 1,700,000 | $1.6M |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Reduce -36.4% | 1,400,000 | $1.2M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Sold out | 1,200,000 | $1.2Mbefore exit |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -60.0% | 200,000 | $295K |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Reduce -50.0% | 200,000 | $282K |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Reduce -70.0% | 300,000 | $269K |
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 |