Investor: Bert Flossbach & Kurt von Storch
Number of Assets: 109
Reporting Period: Q1 - 2026
Holdings at Report: $21,435,141,430
Return Since Report: +$344,067,550
Return Since Report: +1.61%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Alphabet Inc. (GOOGL) | Equity | -16.22% | 4,998,554 | 6.71% | $287.56 | $368.03 | $1,437,384,188 | $1,839,617,829 | +$402,233,641 | +27.98% |
| Alphabet Inc. (GOOG) | Equity | 0% | 2,239 | 0.00% | $286.86 | $367.46 | $642,280 | $822,743 | +$180,463 | +28.10% |
| Berkshire Hathaway Inc. (BRK-B) | Equity | -5.58% | 2,600,645 | 5.82% | $479.20 | $489.46 | $1,246,229,084 | $1,272,911,702 | +$26,682,618 | +2.14% |
| Biontech Se (BNTX) | Equity | -12.29% | 3,680,315 | 1.53% | $88.88 | $90.89 | $327,106,397 | $334,503,830 | +$7,397,433 | +2.26% |
| Broadcom Inc. (AVGO) | Equity | -5.96% | 271,335 | 0.39% | $309.51 | $411.35 | $83,980,896 | $111,613,652 | +$27,632,756 | +32.90% |
| Cadence Design Systems Inc. (CDNS) | Equity | +56.57% | 1,561 | 0.00% | $277.87 | $387.39 | $433,755 | $604,716 | +$170,961 | +39.41% |
| Coupang Inc. (CPNG) | Equity | -8.57% | 160,000 | 0.01% | $18.88 | $18.00 | $3,020,800 | $2,880,000 | -$140,800 | -4.66% |
| Fastenal Company (FAST) | Equity | +100% | 11,501 | 0.00% | $46.40 | $45.89 | $533,646 | $527,781 | -$5,865 | -1.10% |
| Fomento Económico Mexicano S.A.B. De C.V. (FMX) | Equity | 0% | 20,000 | 0.01% | $111.06 | $126.47 | $2,221,200 | $2,529,400 | +$308,200 | +13.88% |
| Ferrari N.V. (RACE) | Equity | -46.40% | 45,403 | 0.07% | $333.88 | $362.13 | $15,159,231 | $16,441,788 | +$1,282,557 | +8.46% |
| Fortinet Inc. (FTNT) | Equity | +7.35% | 13,989 | 0.01% | $81.72 | $144.73 | $1,143,181 | $2,024,628 | +$881,447 | +77.10% |
| Fortive Corp. (FTV) | Equity | +5.28% | 11,902,828 | 3.07% | $55.28 | $61.03 | $657,988,332 | $726,429,593 | +$68,441,261 | +10.40% |
| The Home Depot Inc. (HD) | Equity | -7.92% | 45,434 | 0.07% | $328.89 | $334.28 | $14,942,788 | $15,187,678 | +$244,890 | +1.64% |
| Icici Bank Limited (IBN) | Equity | -5.00% | 190,000 | 0.02% | $25.90 | $27.94 | $4,921,000 | $5,308,600 | +$387,600 | +7.88% |
| Idex Corp. (IEX) | Equity | -7.24% | 740,319 | 0.65% | $189.55 | $224.93 | $140,327,466 | $166,519,953 | +$26,192,487 | +18.67% |
| 3m Company (MMM) | Equity | -14.09% | 570,027 | 0.39% | $145.23 | $160.60 | $82,785,021 | $91,546,336 | +$8,761,315 | +10.58% |
| Abbott Laboratories (ABT) | Equity | +21.69% | 7,858,443 | 3.77% | $102.67 | $88.41 | $806,826,343 | $694,764,946 | -$112,061,397 | -13.89% |
| Accenture PLC (ACN) | Equity | -8.09% | 2,364,656 | 2.19% | $198.29 | $127.98 | $468,887,638 | $302,628,675 | -$166,258,963 | -35.46% |
| Booking Holdings Inc. (BKNG) | Equity | +43.73% | 13,022 | 0.26% | $4,210.32 | $171.78 | $54,826,787 | $2,236,919 | -$52,589,868 | -95.92% |
| Linde PLC (LIN) | Equity | -24.28% | 822,259 | 1.90% | $495.76 | $512.15 | $407,643,122 | $421,119,947 | +$13,476,825 | +3.31% |
| MakeMyTrip Limited (MMYT) | Equity | +33.33% | 60,000 | 0.01% | $37.29 | $46.72 | $2,237,400 | $2,803,200 | +$565,800 | +25.29% |
| Marketaxess Holdings Inc. (MKTX) | Equity | +16.11% | 108,100 | 0.08% | $164.98 | $120.33 | $17,834,338 | $13,007,673 | -$4,826,665 | -27.06% |
| Mastercard Inc. (MA) | Equity | -8.45% | 529,576 | 1.23% | $499.66 | $489.79 | $264,607,944 | $259,381,029 | -$5,226,915 | -1.98% |
| Alibaba Group Holding Limited (BABA) | Equity | -89.92% | 6,656 | 0.00% | $125.46 | $107.10 | $835,062 | $712,858 | -$122,204 | -14.63% |
| Amazon.com Inc. (AMZN) | Equity | -8.35% | 5,962,801 | 5.80% | $208.27 | $244.39 | $1,241,872,564 | $1,457,248,936 | +$215,376,372 | +17.34% |
| American Express Company (AXP) | Equity | -1.62% | 86,666 | 0.12% | $302.48 | $338.00 | $26,214,732 | $29,293,108 | +$3,078,376 | +11.74% |
| Ametek Inc. (AME) | Equity | -9.48% | 3,458,134 | 3.46% | $214.36 | $237.42 | $741,285,604 | $821,030,174 | +$79,744,570 | +10.76% |
| Amphenol Corp. (APH) | Equity | -23.52% | 5,568,649 | 3.28% | $126.35 | $163.96 | $703,598,801 | $913,035,690 | +$209,436,889 | +29.77% |
| Analog Devices Inc. (ADI) | Equity | -21.71% | 632,481 | 0.94% | $318.14 | $434.46 | $201,217,505 | $274,787,695 | +$73,570,190 | +36.56% |
| Apple Inc. (AAPL) | Equity | -16.89% | 2,712,526 | 3.21% | $253.79 | $298.01 | $688,411,974 | $808,359,873 | +$119,947,899 | +17.42% |
| Applied Materials Inc. (AMAT) | Equity | -46.58% | 396,117 | 0.63% | $341.79 | $617.11 | $135,388,829 | $244,447,762 | +$109,058,933 | +80.55% |
| Automatic Data Processing Inc. (ADP) | Equity | +989.98% | 61,878 | 0.06% | $203.18 | $218.41 | $12,572,372 | $13,514,774 | +$942,402 | +7.50% |
| Becton Dickinson And Company (BDX) | Equity | -9.41% | 125,772 | 0.09% | $157.23 | $143.98 | $19,775,132 | $18,108,653 | -$1,666,479 | -8.43% |
| Berkshire Hathaway Inc. (BRK-A) | Equity | 0% | 4 | 0.01% | $718,140.00 | $733,610.00 | $2,872,560 | $2,934,440 | +$61,880 | +2.15% |
| Blackstone Inc. (BX) | Equity | 0% | 45,000 | 0.02% | $114.99 | $123.79 | $5,174,550 | $5,570,550 | +$396,000 | +7.65% |
| Colgate-Palmolive Company (CL) | Equity | +42.13% | 594,920 | 0.24% | $85.23 | $89.48 | $50,705,032 | $53,233,442 | +$2,528,410 | +4.99% |
| Exxon Mobil Corp. (XOM) | Equity | -12.93% | 269,368 | 0.21% | $169.66 | $137.81 | $45,700,975 | $37,121,604 | -$8,579,371 | -18.77% |
| Intuit Call | Equity | +100% | 12 | 0.00% | $43,238.00 | N/A | $518,856 | N/A | N/A | N/A |
| Johnson & Johnson (JNJ) | Equity | -21.97% | 1,096,864 | 1.25% | $244.44 | $228.39 | $268,117,436 | $250,512,769 | -$17,604,667 | -6.57% |
| Airbnb Inc. (ABNB) | Equity | +12.12% | 14,972 | 0.01% | $126.28 | $142.41 | $1,890,664 | $2,132,163 | +$241,499 | +12.77% |
| Copart Inc. (CPRT) | Equity | +13.51% | 2,221,768 | 0.34% | $33.20 | $30.23 | $73,762,698 | $67,164,047 | -$6,598,651 | -8.95% |
| Danaher Corp. (DHR) | Equity | -1.96% | 3,995,873 | 3.54% | $189.60 | $177.17 | $757,617,521 | $707,948,819 | -$49,668,702 | -6.56% |
| Deere & Company (DE) | Equity | +100% | 980 | 0.00% | $563.30 | $589.24 | $552,034 | $577,455 | +$25,421 | +4.61% |
| Dollar General Corp. (DG) | Equity | -18.01% | 680,227 | 0.38% | $118.73 | $113.45 | $80,763,352 | $77,171,753 | -$3,591,599 | -4.45% |
| HDFC Bank Limited (HDB) | Equity | +8.81% | 1,802,765 | 0.21% | $24.88 | $25.06 | $44,852,793 | $45,177,291 | +$324,498 | +0.72% |
| Idexx Laboratories Inc. (IDXX) | Equity | -66.68% | 18,034 | 0.05% | $561.89 | $562.09 | $10,133,124 | $10,136,731 | +$3,607 | +0.04% |
| Illinois Tool Works Inc. (ITW) | Equity | -24.60% | 197,788 | 0.24% | $260.29 | $264.09 | $51,482,239 | $52,233,833 | +$751,594 | +1.46% |
| Intercontinental Exchange Inc. (ICE) | Equity | +1.77% | 4,938,369 | 3.62% | $157.28 | $133.88 | $776,706,676 | $661,148,842 | -$115,557,834 | -14.88% |
| International Business Machines Corp. (IBM) | Equity | +772.28% | 39,645 | 0.04% | $242.39 | $249.10 | $9,609,446 | $9,875,570 | +$266,124 | +2.77% |
| Intuit Inc. (INTU) | Equity | +1888.48% | 344,723 | 0.70% | $432.38 | $267.00 | $149,051,331 | $92,041,041 | -$57,010,290 | -38.25% |
| Blackrock Inc. (BLK) | Equity | -41.99% | 58,857 | 0.26% | $961.71 | $1,050.09 | $56,603,365 | $61,805,147 | +$5,201,782 | +9.19% |
| The Charles Schwab Corp. (SCHW) | Equity | +1.95% | 10,669,791 | 4.68% | $93.98 | $91.70 | $1,002,746,958 | $978,419,835 | -$24,327,123 | -2.43% |
| Check Point Software Technologies Ltd. (CHKP) | Equity | +7.35% | 5,756 | 0.00% | $142.85 | $122.33 | $822,245 | $704,131 | -$118,114 | -14.36% |
| Church & Dwight Co. Inc. (CHD) | Equity | +14.27% | 146,108 | 0.06% | $93.32 | $95.63 | $13,634,799 | $13,972,308 | +$337,509 | +2.48% |
| The Coca-Cola Company (KO) | Equity | -26.89% | 608,505 | 0.22% | $76.05 | $79.39 | $46,276,805 | $48,309,212 | +$2,032,407 | +4.39% |
| ConocoPhillips (COP) | Equity | +32.21% | 132,324 | 0.08% | $132.00 | $107.74 | $17,466,768 | $14,256,588 | -$3,210,180 | -18.38% |
| Lululemon Athletica Inc. (LULU) | Equity | -1.83% | 1,857,905 | 1.33% | $153.10 | $111.77 | $284,445,256 | $207,658,042 | -$76,787,214 | -27.00% |
| Magnum ICE Cream CO | Equity | +6.28% | 5,888,196 | 0.40% | $14.68 | N/A | $86,461,463 | N/A | N/A | N/A |
| MSCI Inc. (MSCI) | Equity | -0.98% | 221,276 | 0.56% | $539.01 | $581.19 | $119,269,977 | $128,603,398 | +$9,333,421 | +7.83% |
| Nasdaq Inc. (NDAQ) | Equity | -40.33% | 684,974 | 0.27% | $84.89 | $82.24 | $58,147,443 | $56,332,262 | -$1,815,181 | -3.12% |
| Sea Limited (SE) | Equity | +33.33% | 20,000 | 0.01% | $82.81 | $91.28 | $1,656,200 | $1,825,600 | +$169,400 | +10.23% |
| The Sherwin-Williams Company (SHW) | Equity | +5.73% | 415,505 | 0.62% | $320.55 | $320.79 | $133,190,128 | $133,289,849 | +$99,721 | +0.07% |
| Ross Stores Inc. (ROST) | Equity | -51.30% | 58,755 | 0.06% | $216.63 | $232.80 | $12,728,096 | $13,678,164 | +$950,068 | +7.46% |
| Stryker Corp. (SYK) | Equity | +89.81% | 539,538 | 0.83% | $328.59 | $307.80 | $177,286,791 | $166,069,796 | -$11,216,995 | -6.33% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | -69.04% | 228,274 | 0.36% | $337.95 | $462.12 | $77,145,198 | $105,489,981 | +$28,344,783 | +36.74% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | -10.32% | 1,954,070 | 4.48% | $491.53 | $464.61 | $960,484,027 | $907,880,463 | -$52,603,564 | -5.48% |
| The Tjx Companies Inc. (TJX) | Equity | +34.14% | 163,526 | 0.12% | $159.70 | $163.81 | $26,115,102 | $26,787,194 | +$672,092 | +2.57% |
| Totalenergies Se | Equity | -42.72% | 546,434 | 0.24% | $93.48 | N/A | $51,078,095 | N/A | N/A | N/A |
| Verizon Communications Inc. (VZ) | Equity | -74.54% | 96,234 | 0.02% | $50.20 | $45.37 | $4,830,947 | $4,366,137 | -$464,810 | -9.62% |
| Visa Inc. (V) | Equity | -5.69% | 2,022,150 | 2.85% | $302.24 | $327.24 | $611,174,616 | $661,728,366 | +$50,553,750 | +8.27% |
| Walmart Inc. (WMT) | Equity | -30.84% | 231,762 | 0.13% | $124.28 | $117.18 | $28,803,381 | $27,157,871 | -$1,645,510 | -5.71% |
| The Walt Disney Company (DIS) | Equity | -3.05% | 138,442 | 0.06% | $96.38 | $103.89 | $13,343,040 | $14,382,739 | +$1,039,699 | +7.79% |
| Yum China Holdings Inc. (YUMC) | Equity | -7.69% | 60,000 | 0.01% | $48.78 | $42.93 | $2,926,800 | $2,575,800 | -$351,000 | -11.99% |
| Snap | Bond | +100% | 700,000 | N/A | $0.95 | N/A | $664,685 | N/A | N/A | N/A |
| Akamai Technologies | Bond | +100% | 600,000 | N/A | $1.16 | N/A | $694,214 | N/A | N/A | N/A |
| Uber Technologies | Bond | +100% | 700,000 | N/A | $1.21 | N/A | $847,838 | N/A | N/A | N/A |
| Akamai Technologies | Bond | +100% | 1,300,000 | N/A | $1.14 | N/A | $1,487,470 | N/A | N/A | N/A |
| Mcdonald'S Corp. (MCD) | Equity | +28.84% | 499,162 | 0.72% | $310.79 | $278.61 | $155,134,558 | $139,071,525 | -$16,063,033 | -10.35% |
| Medtronic PLC (MDT) | Equity | +21.15% | 1,317,790 | 0.53% | $86.65 | $79.34 | $114,186,504 | $104,553,459 | -$9,633,045 | -8.44% |
| Mercadolibre Inc. (MELI) | Equity | +4.09% | 187,134 | 1.51% | $1,729.02 | $1,635.15 | $323,558,429 | $305,992,160 | -$17,566,269 | -5.43% |
| Meta Platforms Inc. (META) | Equity | -12.82% | 396,709 | 1.06% | $572.13 | $577.22 | $226,969,120 | $228,988,369 | +$2,019,249 | +0.89% |
| Microsoft Corp. (MSFT) | Equity | +12.32% | 3,524,051 | 6.09% | $370.17 | $379.40 | $1,304,497,959 | $1,337,024,949 | +$32,526,990 | +2.49% |
| Mondelez International Inc. (MDLZ) | Equity | +14.61% | 13,386 | 0.00% | $57.64 | $60.12 | $771,569 | $804,766 | +$33,197 | +4.30% |
| Moody's Corp. (MCO) | Equity | -37.21% | 54,137 | 0.11% | $436.25 | $450.67 | $23,617,266 | $24,397,922 | +$780,656 | +3.31% |
| Old Dominion Freight Line Inc. (ODFL) | Equity | -97.17% | 3,364 | 0.00% | $195.40 | $221.04 | $657,326 | $743,579 | +$86,253 | +13.12% |
| Pepsico Inc. (PEP) | Equity | -22.63% | 4,725,462 | 3.42% | $155.29 | $142.02 | $733,816,994 | $671,110,113 | -$62,706,881 | -8.55% |
| Salesforce Inc. (CRM) | Equity | -6.08% | 817,369 | 0.71% | $186.67 | $151.78 | $152,578,271 | $124,060,267 | -$28,518,004 | -18.69% |
| Schlumberger Limited (SLB) | Equity | +100% | 61,932 | 0.01% | $51.39 | $48.09 | $3,182,685 | $2,978,310 | -$204,375 | -6.42% |
| Spotify Technology S.A. (SPOT) | Equity | -81.42% | 2,017 | 0.00% | $484.91 | $468.08 | $978,063 | $944,117 | -$33,946 | -3.47% |
| Trane Technologies PLC (TT) | Equity | +167.63% | 66,908 | 0.13% | $416.74 | $483.40 | $27,883,240 | $32,343,327 | +$4,460,087 | +16.00% |
| Nike Inc. (NKE) | Equity | -4.43% | 12,188,384 | 3.00% | $52.82 | $45.20 | $643,790,443 | $550,914,957 | -$92,875,486 | -14.43% |
| Nu Holdings Ltd. (NU) | Equity | -21.43% | 550,000 | 0.04% | $14.37 | $12.71 | $7,903,500 | $6,990,500 | -$913,000 | -11.55% |
| Nvidia Corp. (NVDA) | Equity | +9.62% | 324,300 | 0.26% | $174.40 | $210.69 | $56,557,920 | $68,326,767 | +$11,768,847 | +20.81% |
| O'Reilly Automotive Inc. (ORLY) | Equity | -67.44% | 24,236 | 0.01% | $92.31 | $86.84 | $2,237,225 | $2,104,654 | -$132,571 | -5.93% |
| Trip.Com Group Limited (TCOM) | Equity | 0% | 45,000 | 0.01% | $49.79 | $45.10 | $2,240,550 | $2,029,500 | -$211,050 | -9.42% |
| Uber Technologies Inc. (UBER) | Equity | -7.88% | 697,969 | 0.23% | $71.93 | $71.64 | $50,204,910 | $50,002,499 | -$202,411 | -0.40% |
| Union Pacific Corp. (UNP) | Equity | -62.71% | 19,683 | 0.02% | $242.62 | $256.88 | $4,775,489 | $5,056,169 | +$280,680 | +5.88% |
| Verisk Analytics Inc. (VRSK) | Equity | +32.87% | 318,296 | 0.28% | $189.75 | $173.80 | $60,396,666 | $55,319,845 | -$5,076,821 | -8.41% |
| Netease Inc. (NTES) | Equity | 0% | 15,000 | 0.01% | $111.94 | $121.33 | $1,679,100 | $1,819,950 | +$140,850 | +8.39% |
| Netflix Inc. (NFLX) | Equity | +8.76% | 610,276 | 0.27% | $96.15 | $77.38 | $58,678,037 | $47,223,157 | -$11,454,880 | -19.52% |
| PDD Holdings Inc. (PDD) | Equity | +7.34% | 6,081 | 0.00% | $102.18 | $79.56 | $621,357 | $483,804 | -$137,553 | -22.14% |
| The Procter & Gamble Company (PG) | Equity | -28.36% | 2,269,210 | 1.53% | $144.44 | $150.38 | $327,764,692 | $341,243,800 | +$13,479,108 | +4.11% |
| Ralliant corp | Equity | +22.52% | 3,706,885 | 0.72% | $41.59 | $0.00 | $154,169,347 | $0 | -$154,169,347 | -100% |
| Roper Technologies Inc. (ROP) | Equity | +10.37% | 1,263,603 | 2.09% | $353.86 | $330.26 | $447,138,558 | $417,317,527 | -$29,821,031 | -6.67% |
| S&P Global Inc. (SPGI) | Equity | +96.95% | 1,387,910 | 2.75% | $425.34 | $410.92 | $590,333,639 | $570,319,977 | -$20,013,662 | -3.39% |
| Starbucks Corp. (SBUX) | Equity | -12.57% | 266,312 | 0.11% | $89.59 | $100.65 | $23,858,892 | $26,804,303 | +$2,945,411 | +12.35% |
| Snap | Bond | +100% | 300,000 | N/A | $0.91 | N/A | $273,931 | N/A | N/A | N/A |
| Etsy | Bond | +100% | 1,100,000 | N/A | $0.90 | N/A | $986,971 | N/A | N/A | N/A |
| JD.com Inc. | Bond | +100% | 1,000,000 | N/A | $1.00 | N/A | $999,813 | N/A | N/A | N/A |