FLOSSBACH VON STORCH SE Q4 2018 Filing

Filed February 5, 2019

Portfolio Value

$10.5B

Holdings

113

Report Date

Q4 2018

Filing Type

13F-HR

All Holdings (113 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	4I1PHILIP MORRIS INTERNAT.	18,204,516	$1.2B	11.57%
2	BRK/BBERKSHIRE HATHAWAY B	5,716,738	$1.2B	11.11%
3	GOOGLALPHABET - CLASS A	771,330	$806.0M	7.67%
4	ABXBARRICK GOLD	54,934,795	$743.8M	7.08%
5	JNJJOHNSON & JOHNSON	4,666,336	$602.2M	5.73%
6	WPWORLDPAY	7,814,868	$597.3M	5.68%
7	METAFACEBOOK	4,139,622	$542.7M	5.16%
8	DHRDANAHER	5,085,500	$524.4M	4.99%
9	NEMNEWMONT MINING	14,181,862	$491.4M	4.68%
10	ABTABBOTT LABORATORIES	5,314,884	$384.4M	3.66%
11	BKNGBOOKING HOLDINGS	202,106	$348.1M	3.31%
12	CHKPCHECK POINT SOFTWARE	2,528,746	$259.6M	2.47%
13	AAPLAPPLE	1,598,584	$252.2M	2.40%
14	BLKCHFBLACKROCK	582,743	$228.9M	2.18%
15	EAELECTRONIC ARTS	2,110,745	$166.6M	1.59%
16	UBSUBS GROUP	12,016,850	$149.8M	1.43%
17	CTSHCOGNIZANT TECH SOLUTIONS	2,320,176	$147.3M	1.40%
18	MDTMEDTRONIC	1,415,189	$128.7M	1.23%
19	ATVIEURACTIVISION BLIZZARD	2,723,613	$126.8M	1.21%
20	MSFTMICROSOFT	970,120	$98.5M	0.94%
21	CLCOLGATE-PALMOLIVE	1,267,025	$75.4M	0.72%
22	PANWPALO ALTO NETWORKS	387,080	$72.9M	0.69%
23	HDBHDFC BANK ADR	680,904	$70.5M	0.67%
24	AEMAGNICO EAGLE MINES	1,724,900	$69.7M	0.66%
25	VVISA - CLASS A	526,025	$69.4M	0.66%
26	MMM3M	355,115	$67.7M	0.64%
27	OXYOCCIDENTAL PETROLEUM	1,061,213	$65.1M	0.62%
28	TJXTJX COMPANIES	1,453,300	$65.0M	0.62%
29	BABAALIBABA	473,020	$64.8M	0.62%
30	MAMASTERCARD	329,545	$62.2M	0.59%
31	IBMINTL. BUSINESS MACHINES	536,563	$61.0M	0.58%
32	SLBSCHLUMBERGER	1,532,520	$55.3M	0.53%
33	AMZNAMAZON.COM	35,898	$53.9M	0.51%
34	PYPLPAYPAL	616,578	$51.8M	0.49%
35	EXPEEXPEDIA GROUP	364,033	$41.0M	0.39%
36	UTXZUNITED TECHNOLOGIES	375,560	$40.0M	0.38%
37	BACVERIZON COMMUNICATIONS	634,405	$35.7M	0.34%
38	UNPUNION PACIFIC	242,074	$33.5M	0.32%
39	ORCLORACLE	704,695	$31.8M	0.30%
40	PGPROCTER & GAMBLE	283,130	$26.0M	0.25%
41	KOCOCA-COLA	488,615	$23.1M	0.22%
42	—NXSTAGE MEDICAL	705,000	$20.2M	0.19%
43	BDXBECTON DICKINSON	80,500	$18.1M	0.17%
44	—GOLDCORP	1,795,040	$17.6M	0.17%
45	SYKSTRYKER	106,430	$16.7M	0.16%
46	FTVFORTIVE	232,000	$15.7M	0.15%
47	WMTWALMART	165,330	$15.4M	0.15%
48	XOMEXXON MOBIL	216,645	$14.8M	0.14%
49	NKENIKE	165,731	$12.3M	0.12%
50	ADBEADOBE	53,445	$12.1M	0.12%
51	QCOMQUALCOMM	212,000	$12.1M	0.11%
52	MRO*MARATHON OIL	753,300	$10.8M	0.10%
53	—1,250 CTRIP.COM 15.09.2022	10,700,000	$10.4M	0.10%
54	—1,000 NUANCE COMMUNICATIONS 15.12.2035	11,700,000	$10.1M	0.10%
55	CRMSALESFORCE.COM	66,865	$9.2M	0.09%
56	AMGNAMGEN	45,050	$8.8M	0.08%
57	—2,250 LIBERTY MEDIA 30.09.2046	18,600,000	$8.7M	0.08%
58	LBEURL BRANDS	334,010	$8.6M	0.08%
59	EMREMERSON ELECTRIC	141,500	$8.5M	0.08%
60	FWONK 1 01/30/231,000 LIBERTY MEDIA 30.01.2023	7,600,000	$7.9M	0.07%
61	MCDMCDONALDS	43,428	$7.7M	0.07%
62	TPRTAPESTRY	214,850	$7.3M	0.07%
63	TSMTAIWAN SEMICONDUCTOR ADR	192,500	$7.1M	0.07%
64	COPCONOCOPHILLIPS	110,000	$6.9M	0.07%
65	LOWLOWE'S COS	69,350	$6.4M	0.06%
66	GOOGLALPHABET - CLASS A CALL	60	$6.3M	0.06%	Call
67	JAZZ 1.5 08/15/241,500 JAZZ INVESTMENTS 15.08.2024	6,800,000	$6.2M	0.06%
68	—1,625 ON SEMICONDUCTOR 15.10.2023	5,600,000	$6.0M	0.06%
69	WFCWELLS FARGO	128,810	$5.9M	0.06%
70	DISWALT DISNEY	51,000	$5.6M	0.05%
71	—0,900 BOOKING HOLDINGS 15.09.2021	5,000,000	$5.5M	0.05%
72	LMCA 1.375 10/15/231,375 LIBERTY MEDIA 15.10.2023	5,000,000	$5.3M	0.05%
73	TMOTHERMO FISHER SCIENTIFIC	21,848	$4.9M	0.05%
74	CHDCHURCH & DWIGHT	71,800	$4.7M	0.04%
75	—1,000 NXP SEMICONDUCTOR 01.12.2019	4,400,000	$4.4M	0.04%
76	NEMNEWMONT MINING CALL	1,100	$3.8M	0.04%	Call
77	—BARRICK GOLD CALL	2,800	$3.8M	0.04%	Call
78	AMEAMETEK	55,700	$3.8M	0.04%
79	—2,000 MACQUARIE INFRASTRUCTURE 01.10.2023	4,250,000	$3.7M	0.04%
80	BIDUNBAIDU ADR	22,900	$3.6M	0.03%
81	—0,350 BOOKING HOLDINGS 15.06.2020	2,600,000	$3.5M	0.03%
82	ROSTROSS STORES	41,600	$3.5M	0.03%
83	EXPEEXPEDIA CALL	300	$3.4M	0.03%	Call
84	—DILLARDS CALL	500	$3.0M	0.03%	Call
85	ELESTEE LAUDER	22,530	$2.9M	0.03%
86	NOVEURNATIONAL OILWELL VARCO	104,390	$2.7M	0.03%
87	MOALTRIA GROUP	49,100	$2.4M	0.02%
88	—FACEBOOK CALL	150	$2.0M	0.02%	Call
89	—0,750 NABORS INDUSTRIES 15.01.2024	3,000,000	$1.9M	0.02%
90	—1,000 CTRIP.COM 01.07.2020	2,000,000	$1.9M	0.02%
91	DDSDILLARDS	27,600	$1.7M	0.02%
92	FMXFEMSA ADR	18,500	$1.6M	0.02%
93	—1,250 NUANCE COMMUNICATIONS 01.04.2025	1,600,000	$1.4M	0.01%
94	—ALIBABA CALL	100	$1.4M	0.01%	Call
95	—L BRANDS CALL	500	$1.3M	0.01%	Call
96	BRK-BBERKSHIRE HATHAWAY A	4	$1.2M	0.01%
97	UGRULTRAPAR ADR	80,000	$1.1M	0.01%
98	MLB1MERCADOLIBRE	3,250	$952K	0.01%
99	BAPCREDICORP	4,000	$887K	0.01%
100	ABEVAMBEV ADR	180,000	$706K	0.01%

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