FLOSSBACH VON STORCH SE Q3 2018 Filing

Filed November 5, 2018

Portfolio Value

$10.9B

Holdings

113

Report Date

Q3 2018

Filing Type

13F-HR

All Holdings (113 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	4I1PHILIP MORRIS INTERNAT.	15,785,256	$1.3B	11.76%
2	BRK/BBERKSHIRE HATHAWAY B	5,946,251	$1.3B	11.63%
3	GOOGLALPHABET - CLASS A	684,793	$826.6M	7.55%
4	WPWORLDPAY	6,611,653	$669.6M	6.12%
5	DHRDANAHER	5,729,830	$622.6M	5.69%
6	ABXBARRICK GOLD	54,318,684	$601.9M	5.50%
7	JNJJOHNSON & JOHNSON	4,071,662	$562.6M	5.14%
8	METAFACEBOOK	2,768,855	$455.4M	4.16%
9	ABTABBOTT LABORATORIES	6,150,755	$451.2M	4.12%
10	NEMNEWMONT MINING	13,529,462	$408.6M	3.73%
11	BKNGBOOKING HOLDINGS	164,675	$326.7M	2.98%
12	CHKPCHECK POINT SOFTWARE	2,464,816	$290.0M	2.65%
13	EAELECTRONIC ARTS	1,720,105	$207.3M	1.89%
14	UBSUBS GROUP	11,991,850	$189.7M	1.73%
15	PGPROCTER & GAMBLE	2,105,750	$175.3M	1.60%
16	CTSHCOGNIZANT TECH SOLUTIONS	2,226,131	$171.7M	1.57%
17	MDTMEDTRONIC	1,517,112	$149.2M	1.36%
18	ATVIEURACTIVISION BLIZZARD	1,580,765	$131.5M	1.20%
19	BLKCHFBLACKROCK	272,120	$128.3M	1.17%
20	OXYOCCIDENTAL PETROLEUM	1,499,478	$123.2M	1.13%
21	MSFTMICROSOFT	1,069,060	$122.3M	1.12%
22	TJXTJX COMPANIES	940,267	$105.3M	0.96%
23	IBMINTL. BUSINESS MACHINES	616,768	$93.3M	0.85%
24	CLCOLGATE-PALMOLIVE	1,312,180	$87.8M	0.80%
25	SLBSCHLUMBERGER	1,433,165	$87.3M	0.80%
26	MAMASTERCARD	371,765	$82.8M	0.76%
27	UTXZUNITED TECHNOLOGIES	570,790	$79.8M	0.73%
28	XOMEXXON MOBIL	924,645	$78.6M	0.72%
29	VVISA - CLASS A	523,505	$78.6M	0.72%
30	ORCLORACLE	1,510,361	$77.9M	0.71%
31	MMM3M	338,700	$71.4M	0.65%
32	HDBHDFC BANK ADR	669,904	$63.0M	0.58%
33	AMZNAMAZON.COM	31,271	$62.6M	0.57%
34	AEMAGNICO EAGLE MINES	1,827,000	$62.5M	0.57%
35	BACVERIZON COMMUNICATIONS	966,420	$51.6M	0.47%
36	BABAALIBABA	301,650	$49.7M	0.45%
37	PANWPALO ALTO NETWORKS	201,431	$45.4M	0.41%
38	EXPEEXPEDIA GROUP	328,333	$42.8M	0.39%
39	UNPUNION PACIFIC	255,909	$41.7M	0.38%
40	—GOLDCORP	3,599,040	$36.7M	0.34%
41	KOCOCA-COLA	768,630	$35.5M	0.32%
42	—NXSTAGE MEDICAL	1,073,067	$29.9M	0.27%
43	AAPLAPPLE	113,820	$25.7M	0.23%
44	MRO*MARATHON OIL	1,088,300	$25.3M	0.23%
45	NKENIKE	261,141	$22.1M	0.20%
46	EMREMERSON ELECTRIC	199,200	$15.3M	0.14%
47	WMTWALMART	161,360	$15.2M	0.14%
48	SYKSTRYKER	84,430	$15.0M	0.14%
49	ADBEADOBE	55,395	$15.0M	0.14%
50	NOVEURNATIONAL OILWELL VARCO	336,390	$14.5M	0.13%
51	PYPLPAYPAL	150,990	$13.3M	0.12%
52	TPRTAPESTRY	254,350	$12.8M	0.12%
53	COPCONOCOPHILLIPS	152,500	$11.8M	0.11%
54	—1,250 CTRIP.COM 15.09.2022	11,500,000	$11.3M	0.10%
55	—1,000 NUANCE COMMUNICATIONS 15.12.2035	11,700,000	$11.1M	0.10%
56	LBEURL BRANDS	358,360	$10.9M	0.10%
57	—2,250 LIBERTY MEDIA 30.09.2046	18,600,000	$10.2M	0.09%
58	AMGNAMGEN	45,808	$9.5M	0.09%
59	QCOMQUALCOMM	125,000	$9.0M	0.08%
60	LOWLOWE'S COS	74,050	$8.5M	0.08%
61	WFCWELLS FARGO	143,810	$7.6M	0.07%
62	CRMSALESFORCE.COM	45,990	$7.3M	0.07%
63	MCDMCDONALDS	43,428	$7.3M	0.07%
64	FTVFORTIVE	80,504	$6.8M	0.06%
65	—1,625 ON SEMICONDUCTOR 15.10.2023	5,600,000	$6.3M	0.06%
66	LMCA 1.375 10/15/231,375 LIBERTY MEDIA 15.10.2023	5,000,000	$6.1M	0.06%
67	DISWALT DISNEY	51,000	$6.0M	0.05%
68	—0,900 BOOKING HOLDINGS 15.09.2021	5,000,000	$5.9M	0.05%
69	PGPROCTER & GAMBLE CALL	700	$5.8M	0.05%	Call
70	TMOTHERMO FISHER SCIENTIFIC	21,608	$5.3M	0.05%
71	TSMTAIWAN SEMICONDUCTOR ADR	117,500	$5.2M	0.05%
72	FWONK 1 01/30/231,000 LIBERTY MEDIA 30.01.2023	4,400,000	$5.2M	0.05%
73	—0,750 NABORS INDUSTRIES 15.01.2024	6,500,000	$5.1M	0.05%
74	—1,000 NXP SEMICONDUCTOR 01.12.2019	4,600,000	$4.8M	0.04%
75	CHDCHURCH & DWIGHT	71,800	$4.3M	0.04%
76	AMEAMETEK	53,605	$4.2M	0.04%
77	MOALTRIA GROUP	70,100	$4.2M	0.04%
78	INTCINTEL	86,300	$4.1M	0.04%
79	—0,350 BOOKING HOLDINGS 15.06.2020	2,600,000	$4.0M	0.04%
80	EXPEEXPEDIA CALL	300	$3.9M	0.04%	Call
81	—2,000 MACQUARIE INFRASTRUCTURE 01.10.2023	4,250,000	$3.9M	0.04%
82	NEMNEWMONT MINING CALL	1,100	$3.3M	0.03%	Call
83	ELESTEE LAUDER	22,100	$3.2M	0.03%
84	—BARRICK GOLD CALL	2,800	$3.1M	0.03%	Call
85	—FACEBOOK CALL	160	$2.6M	0.02%	Call
86	ROSTROSS STORES	25,190	$2.5M	0.02%
87	PEPPEPSICO	18,915	$2.1M	0.02%
88	—1,250 NUANCE COMMUNICATIONS 01.04.2025	2,000,000	$2.1M	0.02%
89	—1,000 CTRIP.COM 01.07.2020	2,000,000	$2.0M	0.02%
90	BDXBECTON DICKINSON	7,000	$1.8M	0.02%
91	DDSDILLARDS	23,100	$1.8M	0.02%
92	—L BRANDS CALL	500	$1.5M	0.01%	Call
93	FMXFEMSA ADR	15,000	$1.5M	0.01%
94	BRK-BBERKSHIRE HATHAWAY A	4	$1.3M	0.01%
95	BIDUNBAIDU ADR	5,340	$1.2M	0.01%
96	EBAEBAY	35,290	$1.2M	0.01%
97	MLB1MERCADOLIBRE	3,000	$1.0M	0.01%
98	UGRULTRAPAR ADR	110,000	$1.0M	0.01%
99	BAPCREDICORP	4,000	$892K	0.01%
100	ABEVAMBEV ADR	175,000	$800K	0.01%

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