Flossbach Von Storch SE
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 30, 2026), Flossbach Von Storch SE reported 102 stock positions worth $25.2 billion. Its top holding was Alphabet Class A (GOOGL) at 7.4% of the portfolio, followed by Microsoft (MSFT, 6.0%) and Amazon.com (AMZN, 6.0%). Compared with Q3 2025, it opened 3 new positions, sold out of 9, added to 39 and reduced 53. The biggest buy was Nike Class B (NKE, shares +29%) and the biggest sale Applied Materials (AMAT, shares −69%).
- Most Recent 13F
- Q2 2026
- Location
- COLOGNE, 2M
- CIK
- 0001575677
- Portfolio Value
- $25.2B (Q4 2025)
- SEC Filing
- 0001575677-26-000002 ↗ filed Jan 30, 2026
Holdings Value
Holdings 102 stocks · $25.2B
| GOOGL Alphabet Inc. Class A | 7.40% | 5,965,970 | $1.9B | Reduce -12.4% |
| MSFT Microsoft Corp. | 6.02% | 3,137,572 | $1.5B | Reduce -8.0% |
| AMZN Amazon.com Inc. | 5.95% | 6,505,958 | $1.5B | Reduce -4.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.49% | 2,754,237 | $1.4B | Reduce -1.2% |
| TMO Thermo Fisher Scientific Inc. | 5.01% | 2,178,901 | $1.3B | Reduce -13.4% |
| SCHW Schwab (charles) Corp. | 4.15% | 10,465,592 | $1.0B | Reduce -1.6% |
| APH Amphenol Corp. Class A | 3.90% | 7,280,823 | $983.9M | Reduce -17.3% |
| DHR Danaher Corp. | 3.70% | 4,075,809 | $933.0M | Reduce -3.0% |
| AAPL Apple Inc. | 3.52% | 3,263,728 | $887.3M | Reduce -3.8% |
| PEP Pepsico Inc. | 3.48% | 6,107,676 | $876.6M | Add +3.9% |
| NKE Nike Inc. Class B | 3.22% | 12,753,317 | $812.5M | Add +29.3% |
| ABT Abbott Laboratories | 3.21% | 6,457,646 | $809.1M | Reduce -2.3% |
| ICE Intercontinental Exchange Inc. | 3.12% | 4,852,469 | $785.9M | Add +6.2% |
| AME Ametek Inc. | 3.11% | 3,820,376 | $784.4M | Add +1.0% |
| V Visa Inc. Class A | 2.98% | 2,144,231 | $752.0M | Reduce -1.3% |
| ACN Accenture PLC Class A | 2.74% | 2,572,746 | $690.3M | Add +2.0% |
| FTV Fortive Corp. | 2.48% | 11,305,369 | $624.2M | Reduce -2.9% |
| ROP Roper Technologies Inc. | 2.02% | 1,144,835 | $509.6M | Add +27.8% |
| LIN Linde PLC | 1.84% | 1,085,859 | $463.0M | Add +50.4% |
| PG The Procter & Gamble Co. | 1.80% | 3,167,654 | $454.0M | Add +2.3% |
| BNTX Biontech SE-ADR | 1.58% | 4,196,048 | $399.5M | Reduce -0.8% |
| LULU Lululemon Athletica Inc. | 1.56% | 1,892,537 | $393.3M | Reduce -2.0% |
| SPGI S&P Global Inc. | 1.46% | 704,687 | $368.3M | Reduce -3.6% |
| MELI MercadoLibre Inc. | 1.44% | 179,773 | $362.1M | Reduce -1.1% |
| MA Mastercard Inc. Class A | 1.31% | 578,461 | $330.2M | Reduce -2.1% |
| META Meta Platforms Inc. Class A | 1.19% | 455,066 | $300.4M | Reduce -22.4% |
| JNJ Johnson & Johnson | 1.15% | 1,405,626 | $290.9M | Reduce -53.1% |
| GGG Graco Inc. | 1.06% | 3,252,150 | $266.6M | Reduce -2.6% |
| CRM Salesforce Inc. | 0.91% | 870,327 | $230.6M | Reduce -5.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.89% | 737,228 | $224.0M | Reduce -2.7% |
| ADI Analog Devices Inc. | 0.87% | 807,894 | $219.1M | Add +56.2% |
| AMAT Applied Materials Inc. | 0.76% | 741,520 | $190.6M | Reduce -69.2% |
| RAL Ralliant Corp. | 0.61% | 3,025,421 | $154.0M | Reduce -27.1% |
| IEX Idex Corp. | 0.56% | 798,104 | $142.0M | Add +0.9% |
| MSCI MSCI Inc. | 0.51% | 223,465 | $128.2M | Reduce -1.5% |
| SHW The Sherwin-Williams Co. | 0.50% | 392,985 | $127.3M | Reduce -4.0% |
| MCD McDonald's Corp. | 0.47% | 387,434 | $118.4M | Add +12.4% |
| NDAQ Nasdaq Inc. | 0.44% | 1,147,947 | $111.5M | Add +1.9% |
| DG Dollar General Corp. | 0.44% | 829,687 | $110.2M | Reduce -20.8% |
| BLK BlackRock Inc. | 0.43% | 101,460 | $108.6M | Reduce -21.4% |
| MMM 3M Co. | 0.42% | 663,531 | $106.2M | Add +1.1% |
| MDT Medtronic PLC | 0.41% | 1,087,747 | $104.5M | Reduce -14.1% |
| SYK Stryker Corp. | 0.40% | 284,245 | $99.9M | Add +3.2% |
| AVGO Broadcom Inc. | 0.40% | 288,529 | $99.9M | Reduce -18.3% |
| MICC The Magnum Ice Cream Co. NV | 0.35% | 5,540,122 | $88.6M | New |
| CPRT Copart Inc. | 0.30% | 1,957,416 | $76.6M | Reduce -8.9% |
| ITW Illinois Tool Works | 0.26% | 262,323 | $64.6M | Reduce -0.5% |
| TTE Totalenergies SE | 0.25% | 953,936 | $62.3M | New |
| UBER Uber Technologies Inc. | 0.25% | 757,668 | $61.9M | Add +4.8% |
| HDB HDFC Bank Ltd.-ADR | 0.24% | 1,656,810 | $60.5M | Reduce -16.4% |
| KO The Coca-Cola Co. | 0.23% | 832,369 | $58.2M | Reduce -4.3% |
| NVDA Nvidia Corp. | 0.22% | 295,832 | $55.2M | Reduce -28.9% |
| VRSK Verisk Analytics Inc. | 0.21% | 239,560 | $53.6M | Add +344.8% |
| NFLX Netflix Inc. | 0.21% | 561,099 | $52.6M | Reduce -2.8% |
| BKNG Booking Holdings Inc. | 0.19% | 9,060 | $48.5M | Reduce -26.7% |
| MCO Moody's Corp. | 0.17% | 86,217 | $44.0M | Reduce -15.3% |
| WMT Walmart Inc. | 0.15% | 335,126 | $37.3M | Reduce -18.7% |
| XOM Exxon Mobil Corp. | 0.15% | 309,386 | $37.2M | Reduce -3.8% |
| IDXX Idexx Laboratories Inc. | 0.15% | 54,131 | $36.6M | Reduce -51.0% |
| CL Colgate-Palmolive Co. | 0.13% | 418,589 | $33.1M | Add +38.6% |
| AXP American Express Co. | 0.13% | 88,089 | $32.6M | Add +11.0% |
| RACE Ferrari NV | 0.13% | 84,713 | $31.7M | Add +1.9% |
| BDX Becton Dickinson and Co. | 0.11% | 138,830 | $26.9M | Reduce -16.0% |
| SBUX Starbucks Corp. | 0.10% | 304,611 | $25.7M | Add +137.5% |
| ROST Ross Stores Inc. | 0.09% | 120,637 | $21.7M | Add +4.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.07% | 121,907 | $18.7M | Add +8.4% |
| ODFL Old Dominion Freight Line | 0.07% | 118,843 | $18.6M | Reduce -11.5% |
| HD Home Depot Inc. | 0.07% | 49,340 | $17.0M | Add +12.8% |
| MKTX Marketaxess Holdings Inc. | 0.07% | 93,100 | $16.9M | Add +17.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.06% | 142,799 | $16.2M | Reduce -37.7% |
| VZ Verizon Communications Inc. | 0.06% | 378,055 | $15.4M | Add +6.1% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.06% | 142,000 | $14.9M | Reduce -18.9% |
| PYPL PayPal Holdings Inc. | 0.06% | 253,538 | $14.8M | Reduce -0.8% |
| ADBE Adobe Inc. | 0.05% | 35,103 | $12.3M | Reduce -32.1% |
| UNP Union Pacific Corp. | 0.05% | 52,779 | $12.2M | Add +4.6% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.05% | 700,000 | $11.7M | Reduce -12.5% |
| INTU Intuit Inc. | 0.05% | 17,336 | $11.5M | Add +25.3% |
| CHD Church & Dwight Co. Inc. | 0.04% | 127,863 | $10.7M | No change |
| TT Trane Technologies PLC | 0.04% | 25,000 | $9.7M | Add +108.3% |
| BABA Alibaba Group Holding-SP ADR | 0.04% | 66,000 | $9.7M | Reduce -57.4% |
| COP Conocophillips | 0.04% | 100,083 | $9.4M | Add +2.3% |
| BX Blackstone Inc. | 0.03% | 45,000 | $6.9M | No change |
| ORLY O'reilly Automotive Inc. | 0.03% | 74,429 | $6.8M | Add +8.0% |
| SPOT Spotify Technology SA | 0.03% | 10,854 | $6.3M | Add +7.6% |
| IBN Icici Bank Ltd.-Spon ADR | 0.02% | 200,000 | $6.0M | Add +25.0% |
| CPNG Coupang Inc. | 0.02% | 175,000 | $4.1M | Reduce -7.9% |
| MMYT Makemytrip Ltd. | 0.01% | 45,000 | $3.7M | Add +20.0% |
| TCOM Trip.com Group Ltd.-ADR | 0.01% | 45,000 | $3.2M | No change |
| YUMC Yum China Holdings Inc. | 0.01% | 65,000 | $3.1M | Reduce -18.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.01% | 4 | $3.0M | No change |
| NTES Netease Inc.-ADR | 0.01% | 15,000 | $2.1M | Reduce -14.3% |
| FMX Fomento Economico Mex-SP ADR | 0.01% | 20,000 | $2.0M | No change |
| SE Sea Ltd.-ADR | 0.01% | 15,000 | $1.9M | New |
| ABNB Airbnb Inc. Class A | 0.01% | 13,353 | $1.8M | Add +23.9% |
| ADP Automatic Data Processing | 0.01% | 5,677 | $1.5M | Add +16.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.01% | 4,545 | $1.3M | Add +29.7% |
| FTNT Fortinet Inc. | 0.00% | 13,031 | $1.0M | Add +33.6% |
| CHKP Check Point Software Tech | 0.00% | 5,362 | $995K | Add +33.5% |
| GOOG Alphabet Inc. Class C | 0.00% | 2,239 | $703K | No change |
| PDD PDD Holdings Inc. | 0.00% | 5,665 | $642K | Add +33.5% |
Options reported separately and not counted above: META PLATFORMS INC puts ($3.0M).
Other holdings (8): bonds, preferreds, convertibles and warrants · $7.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 1,700,000 | $1.7M | No change |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 1,400,000 | $1.3M | No change |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 1,050,000 | $1.1M | Reduce -40.0% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 700,000 | $911K | Add +250.0% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 900,000 | $907K | No change |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 900,000 | $842K | Reduce -52.6% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 700,000 | $813K | New |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 300,000 | $274K | No change |
Total filed on the 13F, all lines: $25.2B.
Portfolio Sells Q3 2025 → Q4 2025
| AMAT Applied Materials Inc. | Reduce -69.2% | 0.76% | −1.19 |
| JNJ Johnson & Johnson | Reduce -53.1% | 1.15% | −1.04 |
| MSFT Microsoft Corp. | Reduce -8.0% | 6.02% | −0.94 |
| META Meta Platforms Inc. Class A | Reduce -22.4% | 1.19% | −0.51 |
| APH Amphenol Corp. Class A | Reduce -17.3% | 3.90% | −0.40 |
| ABT Abbott Laboratories | Reduce -2.3% | 3.21% | −0.28 |
| MELI MercadoLibre Inc. | Reduce -1.1% | 1.44% | −0.24 |
| BLK BlackRock Inc. | Reduce -21.4% | 0.43% | −0.16 |
| IDXX Idexx Laboratories Inc. | Reduce -51.0% | 0.15% | −0.13 |
| RAL Ralliant Corp. | Reduce -27.1% | 0.61% | −0.11 |
| NVDA Nvidia Corp. | Reduce -28.9% | 0.22% | −0.09 |
| CPRT Copart Inc. | Reduce -8.9% | 0.30% | −0.08 |
| BABA Alibaba Group Holding-SP ADR | Reduce -57.4% | 0.04% | −0.07 |
| BKNG Booking Holdings Inc. | Reduce -26.7% | 0.19% | −0.07 |
| NFLX Netflix Inc. | Reduce -2.8% | 0.21% | −0.06 |
| AVGO Broadcom Inc. | Reduce -18.3% | 0.40% | −0.06 |
| MDT Medtronic PLC | Reduce -14.1% | 0.41% | −0.06 |
| GGG Graco Inc. | Reduce -2.6% | 1.06% | −0.06 |
| BNTX Biontech SE-ADR | Reduce -0.8% | 1.58% | −0.06 |
| SHW The Sherwin-Williams Co. | Reduce -4.0% | 0.50% | −0.05 |
| DIS The Walt Disney Co. | Reduce -37.7% | 0.06% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.2% | 5.49% | −0.04 |
| SW Smurfit Westrock PLC | Sold out | 0.00% | −0.03 |
| HDB HDFC Bank Ltd.-ADR | Reduce -16.4% | 0.24% | −0.03 |
| FAST Fastenal Co. | Sold out | 0.00% | −0.03 |
| ADBE Adobe Inc. | Reduce -32.1% | 0.05% | −0.02 |
| WMT Walmart Inc. | Reduce -18.7% | 0.15% | −0.02 |
| MCO Moody's Corp. | Reduce -15.3% | 0.17% | −0.02 |
| MA Mastercard Inc. Class A | Reduce -2.1% | 1.31% | −0.02 |
| BDX Becton Dickinson and Co. | Reduce -16.0% | 0.11% | −0.02 |
| ITW Illinois Tool Works | Reduce -0.5% | 0.26% | −0.01 |
| PYPL PayPal Holdings Inc. | Reduce -0.8% | 0.06% | −0.01 |
| CPNG Coupang Inc. | Reduce -7.9% | 0.02% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -69.8% | 0.00% | −0.01 |
| KSPI JSC Kaspi.kz ADR | Sold out | 0.00% | −0.01 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.01 |
| GLOB Globant SA | Sold out | 0.00% | −0.00 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -12.5% | 0.05% | −0.00 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.00 |
| NTES Netease Inc.-ADR | Reduce -14.3% | 0.01% | −0.00 |
| INFY Infosys Ltd.-SP ADR | Sold out | 0.00% | −0.00 |
| EL Estee Lauder Companies Class A | Reduce -18.9% | 0.06% | −0.00 |
| YUMC Yum China Holdings Inc. | Reduce -18.8% | 0.01% | −0.00 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.00 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −0.00 |
| ODFL Old Dominion Freight Line | Reduce -11.5% | 0.07% | −0.00 |
| MSCI MSCI Inc. | Reduce -1.5% | 0.51% | +0.00 |
| KO The Coca-Cola Co. | Reduce -4.3% | 0.23% | +0.00 |
| XOM Exxon Mobil Corp. | Reduce -3.8% | 0.15% | +0.00 |
| DG Dollar General Corp. | Reduce -20.8% | 0.44% | +0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| NKE Nike Inc. Class B | Add +29.3% | 3.22% | +0.51 |
| LIN Linde PLC | Add +50.4% | 1.84% | +0.48 |
| ADI Analog Devices Inc. | Add +56.2% | 0.87% | +0.37 |
| MICC The Magnum Ice Cream Co. NV | New | 0.35% | +0.35 |
| AME Ametek Inc. | Add +1.0% | 3.11% | +0.31 |
| ACN Accenture PLC Class A | Add +2.0% | 2.74% | +0.29 |
| ROP Roper Technologies Inc. | Add +27.8% | 2.02% | +0.26 |
| TTE Totalenergies SE | New | 0.25% | +0.25 |
| PEP Pepsico Inc. | Add +3.9% | 3.48% | +0.22 |
| VRSK Verisk Analytics Inc. | Add +344.8% | 0.21% | +0.16 |
| ICE Intercontinental Exchange Inc. | Add +6.2% | 3.12% | +0.08 |
| SBUX Starbucks Corp. | Add +137.5% | 0.10% | +0.06 |
| MCD McDonald's Corp. | Add +12.4% | 0.47% | +0.06 |
| IEX Idex Corp. | Add +0.9% | 0.56% | +0.06 |
| NDAQ Nasdaq Inc. | Add +1.9% | 0.44% | +0.05 |
| CL Colgate-Palmolive Co. | Add +38.6% | 0.13% | +0.04 |
| AXP American Express Co. | Add +11.0% | 0.13% | +0.03 |
| MMM 3M Co. | Add +1.1% | 0.42% | +0.02 |
| TT Trane Technologies PLC | Add +108.3% | 0.04% | +0.02 |
| ROST Ross Stores Inc. | Add +4.0% | 0.09% | +0.02 |
| MKTX Marketaxess Holdings Inc. | Add +17.9% | 0.07% | +0.01 |
| TJX TJX Companies Inc. | Add +8.4% | 0.07% | +0.01 |
| INTU Intuit Inc. | Add +25.3% | 0.05% | +0.01 |
| SE Sea Ltd.-ADR | New | 0.01% | +0.01 |
| IBN Icici Bank Ltd.-Spon ADR | Add +25.0% | 0.02% | +0.00 |
| ABNB Airbnb Inc. Class A | Add +23.9% | 0.01% | +0.00 |
| IBM Intl Business Machines Corp. | Add +29.7% | 0.01% | +0.00 |
| UNP Union Pacific Corp. | Add +4.6% | 0.05% | +0.00 |
| FTNT Fortinet Inc. | Add +33.6% | 0.00% | +0.00 |
| MMYT Makemytrip Ltd. | Add +20.0% | 0.01% | +0.00 |
| COP Conocophillips | Add +2.3% | 0.04% | +0.00 |
| CHKP Check Point Software Tech | Add +33.5% | 0.00% | +0.00 |
| PDD PDD Holdings Inc. | Add +33.5% | 0.00% | +0.00 |
| ADP Automatic Data Processing | Add +16.5% | 0.01% | +0.00 |
| VZ Verizon Communications Inc. | Add +6.1% | 0.06% | −0.00 |
| ORLY O'reilly Automotive Inc. | Add +8.0% | 0.03% | −0.00 |
| HD Home Depot Inc. | Add +12.8% | 0.07% | −0.00 |
| SPOT Spotify Technology SA | Add +7.6% | 0.03% | −0.00 |
| SYK Stryker Corp. | Add +3.2% | 0.40% | −0.01 |
| RACE Ferrari NV | Add +1.9% | 0.13% | −0.03 |
| UBER Uber Technologies Inc. | Add +4.8% | 0.25% | −0.03 |
| PG The Procter & Gamble Co. | Add +2.3% | 1.80% | −0.08 |
Notes & Other Activity Q3 2025 → Q4 2025
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | Sold out | 2,750,000 | $2.7Mbefore exit |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | Reduce -40.0% | 1,050,000 | $1.1M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +250.0% | 700,000 | $911K |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | Reduce -52.6% | 900,000 | $842K |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | New | 700,000 | $813K |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Sold out | 500,000 | $610Kbefore exit |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Sold out | 200,000 | $282Kbefore exit |
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 |