FLOSSBACH VON STORCH SE

Fundamental diversified ★Signal CIK 1575677
League rank
#813
in Fundamental diversified · #6740 overall
Long book
$21.43B
Q1 2026
Positions
101
Top-10 weight
48%
concentration
Last quarter
+6.9%
SPY +14.8%
Turnover
7%
of book per quarter

Strategy in plain words

auto-generated from filings

FLOSSBACH VON STORCH SE is a diversified fundamental manager, running a $21.43B US long book across 101 positions.

The portfolio is moderately concentrated (top 10 ≈ 48% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ALPHABET INC-CL A, MICROSOFT CORP, BERKSHIRE HATHAWAY INC-CL B, AMAZON.COM INC, SCHWAB (CHARLES) CORP.

Over the last 9 quarters its long book ran on average 2.1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+0.7%
Q2 2024
+7.2%
Q3 2024
+0.5%
Q4 2024
-1.0%
Q1 2025
+5.5%
Q2 2025
+4.7%
Q3 2025
+5.0%
Q4 2025
-8.2%
Q1 2026
+6.9%

Sector allocation

Technology
38%
Financials
15%
Services media
12%
Other
11%
Consumer discretionary
9%
Healthcare
7%
Consumer staples
4%
Materials
2%

Long book by quarter

$22.92B
Q1 2024
$23.80B
Q2 2024
$25.46B
Q3 2024
$25.11B
Q4 2024
$23.07B
Q1 2025
$24.45B
Q2 2025
$25.37B
Q3 2025
$25.22B
Q4 2025
$21.43B
Q1 2026

What does FLOSSBACH VON own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
GOOGL ALPHABET INC-CL ATechnology5.0M$1.44B6.7%-16.2%
MSFT MICROSOFT CORPTechnology3.5M$1.30B6.1%+12.3%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials2.6M$1.25B5.8%-5.6%
AMZN AMAZON.COM INCConsumer discretionary6.0M$1.24B5.8%-8.3%
SCHW SCHWAB (CHARLES) CORPFinancials10.7M$1.00B4.7%+2.0%
TMO THERMO FISHER SCIENTIFIC INCOther2.0M$960.5M4.5%-10.3%
ABT ABBOTT LABORATORIESHealthcare7.9M$806.8M3.8%+21.7%
ICE INTERCONTINENTAL EXCHANGE INFinancials4.9M$776.7M3.6%+1.8%
DHR DANAHER CORPTechnology4.0M$757.6M3.5%-2.0%
AME AMETEK INCTechnology3.5M$741.3M3.5%-9.5%
PEP PEPSICO INCConsumer staples4.7M$733.8M3.4%-22.6%
APH AMPHENOL CORP-CL ATechnology5.6M$703.6M3.3%-23.5%
AAPL APPLE INCTechnology2.7M$688.4M3.2%-16.9%
FTV FORTIVE CORPTechnology11.9M$658.0M3.1%+5.3%
NKE NIKE INC -CL BOther12.2M$643.8M3.0%-4.4%
V VISA INC-CLASS A SHARESServices media2.0M$611.2M2.9%-5.7%
SPGI S&P GLOBAL INCServices media1.4M$590.3M2.8%+97.0%
ACN ACCENTURE PLC-CL AServices media2.4M$468.9M2.2%-8.1%
ROP ROPER TECHNOLOGIES INCTechnology1.3M$447.1M2.1%+10.4%
LIN LINDE PLCMaterials822.3K$407.6M1.9%-24.3%
PG PROCTER & GAMBLE CO/THEOther2.3M$327.8M1.5%-28.4%
MELI MERCADOLIBRE INCServices media187.1K$323.6M1.5%+4.1%
LULU LULULEMON ATHLETICA INCOther1.9M$284.4M1.3%-1.8%
JNJ JOHNSON & JOHNSONHealthcare1.1M$268.1M1.3%-22.0%
MA MASTERCARD INC - AServices media529.6K$264.6M1.2%-8.5%
META META PLATFORMS INC-CLASS ATechnology396.7K$227.0M1.1%-12.8%
ADI ANALOG DEVICES INCTechnology632.5K$201.2M0.9%-21.7%
SYK STRYKER CORPHealthcare539.5K$177.3M0.8%+89.8%
MCD MCDONALD'S CORPConsumer discretionary499.2K$155.1M0.7%+28.8%
RAL RALLIANT CORPTechnology3.7M$154.2M0.7%+22.5%
CRM SALESFORCE INCTechnology817.4K$152.6M0.7%-6.1%
INTU INTUIT INCTechnology344.7K$149.1M0.7%+1888.5%
IEX IDEX CORPIndustrials740.3K$140.3M0.7%-7.2%
AMAT APPLIED MATERIALS INCTechnology396.1K$135.4M0.6%-46.6%
SHW SHERWIN-WILLIAMS CO/THEConsumer discretionary415.5K$133.2M0.6%+5.7%
MSCI MSCI INCServices media221.3K$119.3M0.6%-1.0%
MDT MEDTRONIC PLCHealthcare1.3M$114.2M0.5%+21.1%
MICC MAGNUM ICE CREAM CO NV/THEConsumer staples5.9M$86.5M0.4%+6.3%
AVGO BROADCOM INCTechnology271.3K$84.0M0.4%-6.0%
MMM 3M COHealthcare570.0K$82.8M0.4%-14.1%
DG DOLLAR GENERAL CORPConsumer discretionary680.2K$80.8M0.4%-18.0%
CPRT COPART INCConsumer discretionary2.2M$73.8M0.3%+13.5%
VRSK VERISK ANALYTICS INCTechnology318.3K$60.4M0.3%+32.9%
NFLX NETFLIX INCServices media610.3K$58.7M0.3%+8.8%
NDAQ NASDAQ INCFinancials685.0K$58.1M0.3%-40.3%
BLK BLACKROCK INCFinancials58.9K$56.6M0.3%-42.0%
NVDA NVIDIA CORPTechnology324.3K$56.6M0.3%+9.6%
BKNG BOOKING HOLDINGS INCIndustrials13.0K$54.8M0.3%+43.7%
ITW ILLINOIS TOOL WORKSIndustrials197.8K$51.5M0.2%-24.6%
TTE TOTALENERGIES SEEnergy546.4K$51.1M0.2%-42.7%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 29, 2026109$21.44B canonicalSEC ↗
Q4 202513F-HRJan 30, 2026111$25.23B canonicalSEC ↗
Q3 202513F-HRNov 3, 2025119$25.38B canonicalSEC ↗
Q2 202513F-HRAug 7, 2025112$24.47B canonicalSEC ↗
Q1 202513F-HRApr 30, 2025134$23.09B canonicalSEC ↗
Q4 202413F-HRFeb 3, 2025111$25.13B canonicalSEC ↗
Q3 202413F-HRNov 8, 2024113$25.50B canonicalSEC ↗
Q2 202413F-HRAug 2, 2024112$23.86B canonicalSEC ↗
Q1 202413F-HRMay 6, 2024115$22.98B canonicalSEC ↗