FLOSSBACH VON STORCH SE Q2 2018 Filing

Filed August 8, 2018

Portfolio Value

$10.2B

Holdings

106

Report Date

Q2 2018

Filing Type

13F-HR

All Holdings (106 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	4I1PHILIP MORRIS INTERNAT.	14,212,696	$1.1B	11.25%
2	BRK/BBERKSHIRE HATHAWAY B	5,807,925	$1.1B	10.63%
3	GOOGLALPHABET - CLASS A	751,204	$848.3M	8.32%
4	ABXBARRICK GOLD	48,397,134	$635.5M	6.23%
5	DHRDANAHER	5,549,805	$547.7M	5.37%
6	WPWORLDPAY	6,507,637	$532.2M	5.22%
7	JNJJOHNSON & JOHNSON	3,553,636	$431.2M	4.23%
8	ABTABBOTT LABORATORIES	6,414,025	$391.2M	3.84%
9	NEMNEWMONT MINING	10,189,687	$384.3M	3.77%
10	METAFACEBOOK	1,838,435	$357.2M	3.50%
11	BKNGBOOKING HOLDINGS	130,250	$264.0M	2.59%
12	CHKPCHECK POINT SOFTWARE	2,486,903	$242.9M	2.38%
13	EAELECTRONIC ARTS	1,687,410	$238.0M	2.33%
14	TJXTJX COMPANIES	2,163,602	$205.9M	2.02%
15	PGPROCTER & GAMBLE	2,578,215	$201.3M	1.97%
16	MDTMEDTRONIC	2,128,271	$182.2M	1.79%
17	UBSUBS GROUP	11,755,850	$181.9M	1.78%
18	MSFTMICROSOFT	1,564,695	$154.3M	1.51%
19	ORCLORACLE	3,336,895	$147.0M	1.44%
20	IBMINTL. BUSINESS MACHINES	851,718	$119.0M	1.17%
21	CTSHCOGNIZANT TECH SOLUTIONS	1,464,966	$115.7M	1.13%
22	CLCOLGATE-PALMOLIVE	1,759,030	$114.0M	1.12%
23	OXYOCCIDENTAL PETROLEUM	1,291,958	$108.1M	1.06%
24	ATVIEURACTIVISION BLIZZARD	1,190,950	$90.9M	0.89%
25	SLBSCHLUMBERGER	1,301,200	$87.2M	0.86%
26	MAMASTERCARD	394,830	$77.6M	0.76%
27	UTXZUNITED TECHNOLOGIES	614,630	$76.8M	0.75%
28	—NXSTAGE MEDICAL	2,732,413	$76.2M	0.75%
29	XOMEXXON MOBIL	894,095	$74.0M	0.73%
30	AEMAGNICO EAGLE MINES	1,558,200	$71.4M	0.70%
31	VVISA - CLASS A	511,840	$67.8M	0.66%
32	AMZNAMAZON.COM	36,367	$61.8M	0.61%
33	EXPEEXPEDIA GROUP	513,915	$61.8M	0.61%
34	LBEURL BRANDS	1,622,890	$59.9M	0.59%
35	BACVERIZON COMMUNICATIONS	1,170,585	$58.9M	0.58%
36	HDBHDFC BANK ADR	533,530	$56.0M	0.55%
37	MMM3M	280,910	$55.3M	0.54%
38	ROSTROSS STORES	580,902	$49.2M	0.48%
39	UNPUNION PACIFIC	257,155	$36.4M	0.36%
40	—GOLDCORP	2,596,040	$35.6M	0.35%
41	KOCOCA-COLA	771,900	$33.9M	0.33%
42	PANWPALO ALTO NETWORKS	159,581	$32.8M	0.32%
43	GISGENERAL MILLS	559,553	$24.8M	0.24%
44	QCOMQUALCOMM	380,000	$21.3M	0.21%
45	NKENIKE	266,850	$21.3M	0.21%
46	AAPLAPPLE	108,180	$20.0M	0.20%
47	BABAALIBABA	99,000	$18.4M	0.18%
48	EMREMERSON ELECTRIC	236,650	$16.4M	0.16%
49	TPRTAPESTRY	329,430	$15.4M	0.15%
50	WMTWALMART	174,880	$15.0M	0.15%
51	MRO*MARATHON OIL	638,300	$13.3M	0.13%
52	ADBEADOBE SYSTEMS	54,515	$13.3M	0.13%
53	PYPLPAYPAL	158,590	$13.2M	0.13%
54	NOVEURNATIONAL OILWELL VARCO	303,850	$13.2M	0.13%
55	AMGNAMGEN	65,508	$12.1M	0.12%
56	—1,250 CTRIP.COM 15.09.2022	11,500,000	$11.9M	0.12%
57	COPCONOCOPHILLIPS	152,500	$10.6M	0.10%
58	—1,000 NUANCE COMMUNICATIONS 15.12.2035	11,700,000	$10.5M	0.10%
59	—2,250 LIBERTY MEDIA 30.09.2046	21,800,000	$8.2M	0.08%
60	WFCWELLS FARGO	143,810	$8.0M	0.08%
61	EXPEEXPEDIA CALL	650	$7.8M	0.08%	Call
62	FWONK 1 01/30/231,000 LIBERTY MEDIA 30.01.2023	6,600,000	$7.8M	0.08%
63	TMOTHERMO FISHER SCIENTIFIC	37,010	$7.7M	0.08%
64	TSMTAIWAN SEMICONDUCTOR ADR	208,000	$7.6M	0.07%
65	MCDMCDONALDS	43,428	$6.8M	0.07%
66	—MICHAEL KORS	100,700	$6.7M	0.07%
67	LOWLOWE'S COS	66,450	$6.4M	0.06%
68	LMCA 1.375 10/15/231,375 LIBERTY MEDIA 15.10.2023	5,000,000	$6.2M	0.06%
69	FTVFORTIVE	80,504	$6.2M	0.06%
70	—0,900 BOOKING HOLDINGS 15.09.2021	5,000,000	$6.0M	0.06%
71	PGPROCTER & GAMBLE CALL	700	$5.5M	0.05%	Call
72	DISWALT DISNEY	51,000	$5.3M	0.05%
73	—0,750 NABORS INDUSTRIES 15.01.2024	6,500,000	$5.2M	0.05%
74	—1,625 ON SEMICONDUCTOR 15.10.2023	3,300,000	$4.2M	0.04%
75	NEMNEWMONT MINING CALL	1,100	$4.1M	0.04%	Call
76	—2,000 MACQUARIE INFRASTRUCTURE 01.10.2023	4,250,000	$3.8M	0.04%
77	—BARRICK GOLD CALL	2,800	$3.7M	0.04%	Call
78	AMEAMETEK	47,605	$3.4M	0.03%
79	MOALTRIA GROUP	53,000	$3.0M	0.03%
80	PEPPEPSICO	23,615	$2.6M	0.03%
81	CHDCHURCH & DWIGHT	45,300	$2.4M	0.02%
82	—1,250 NUANCE COMMUNICATIONS 01.04.2025	2,500,000	$2.4M	0.02%
83	BDXBECTON DICKINSON	9,600	$2.3M	0.02%
84	—1,000 CTRIP.COM 01.07.2020	2,000,000	$2.1M	0.02%
85	—0,350 BOOKING HOLDINGS 15.06.2020	1,300,000	$2.0M	0.02%
86	FMXFEMSA ADR	15,000	$1.3M	0.01%
87	BIDUNBAIDU ADR	4,800	$1.2M	0.01%
88	BRK-BBERKSHIRE HATHAWAY A	4	$1.1M	0.01%
89	NTESNETEASE ADR	4,250	$1.1M	0.01%
90	MLB1MERCADOLIBRE	3,500	$1.0M	0.01%
91	JDJD.COM ADR	25,000	$974K	0.01%
92	CHLUSDCHINA MOBILE ADR	20,340	$903K	0.01%
93	UGRULTRAPAR ADR	70,000	$829K	0.01%
94	YUMYUM! BRANDS	10,400	$813K	0.01%
95	BAPCREDICORP	3,500	$788K	0.01%
96	—0,250 TEVA PHARMA 01.02.2026	700,000	$651K	0.01%
97	EBAEBAY	17,290	$627K	0.01%
98	ABEVAMBEV ADR	125,000	$579K	0.01%
99	ADPAUTOMATIC DATA PROCESSING	3,600	$483K	0.00%
100	BUDANHEUSER-BUSCH INBEV ADR	3,000	$302K	0.00%

Page 1 of 2Next