Investor: Bert Flossbach & Kurt von Storch
Number of Assets: 109
Reporting Period: Q1 - 2026
Holdings at Report: $21,435,141,430
Return Since Report: +$402,960,906
Return Since Report: +1.88%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| 3m Company (MMM) | Equity | -14.09% | 570,027 | 0.39% | $145.23 | $146.22 | $82,785,021 | $83,349,348 | +$564,327 | +0.68% |
| American Express Company (AXP) | Equity | -1.62% | 86,666 | 0.12% | $302.48 | $313.48 | $26,214,732 | $27,168,058 | +$953,326 | +3.64% |
| Apple Inc. (AAPL) | Equity | -16.89% | 2,712,526 | 3.21% | $253.79 | $300.23 | $688,411,974 | $814,381,681 | +$125,969,707 | +18.30% |
| Becton Dickinson And Company (BDX) | Equity | -9.41% | 125,772 | 0.09% | $157.23 | $143.44 | $19,775,132 | $18,040,736 | -$1,734,396 | -8.77% |
| Berkshire Hathaway Inc. (BRK-A) | Equity | 0% | 4 | 0.01% | $718,140.00 | $724,051.19 | $2,872,560 | $2,896,205 | +$23,645 | +0.82% |
| Berkshire Hathaway Inc. (BRK-B) | Equity | -5.58% | 2,600,645 | 5.82% | $479.20 | $482.70 | $1,246,229,084 | $1,255,331,342 | +$9,102,258 | +0.73% |
| Biontech Se (BNTX) | Equity | -12.29% | 3,680,315 | 1.53% | $88.88 | $89.55 | $327,106,397 | $329,572,208 | +$2,465,811 | +0.75% |
| Booking Holdings Inc. (BKNG) | Equity | +43.73% | 13,022 | 0.26% | $4,210.32 | $154.13 | $54,826,787 | $2,007,081 | -$52,819,706 | -96.34% |
| The Charles Schwab Corp. (SCHW) | Equity | +1.95% | 10,669,791 | 4.68% | $93.98 | $90.89 | $1,002,746,958 | $969,777,304 | -$32,969,654 | -3.29% |
| Check Point Software Technologies Ltd. (CHKP) | Equity | +7.35% | 5,756 | 0.00% | $142.85 | $124.03 | $822,245 | $713,917 | -$108,328 | -13.17% |
| Church & Dwight Co. Inc. (CHD) | Equity | +14.27% | 146,108 | 0.06% | $93.32 | $94.05 | $13,634,799 | $13,741,457 | +$106,658 | +0.78% |
| ConocoPhillips (COP) | Equity | +32.21% | 132,324 | 0.08% | $132.00 | $122.40 | $17,466,768 | $16,196,458 | -$1,270,310 | -7.27% |
| Deere & Company (DE) | Equity | +100% | 980 | 0.00% | $563.30 | $562.09 | $552,034 | $550,851 | -$1,183 | -0.21% |
| Fastenal Company (FAST) | Equity | +100% | 11,501 | 0.00% | $46.40 | $43.26 | $533,646 | $497,533 | -$36,113 | -6.77% |
| Fomento Económico Mexicano S.A.B. De C.V. (FMX) | Equity | 0% | 20,000 | 0.01% | $111.06 | $121.44 | $2,221,200 | $2,428,800 | +$207,600 | +9.35% |
| The Home Depot Inc. (HD) | Equity | -7.92% | 45,434 | 0.07% | $328.89 | $297.51 | $14,942,788 | $13,517,069 | -$1,425,719 | -9.54% |
| Icici Bank Limited (IBN) | Equity | -5.00% | 190,000 | 0.02% | $25.90 | $26.05 | $4,921,000 | $4,949,500 | +$28,500 | +0.58% |
| Idex Corp. (IEX) | Equity | -7.24% | 740,319 | 0.65% | $189.55 | $207.69 | $140,327,466 | $153,756,853 | +$13,429,387 | +9.57% |
| Idexx Laboratories Inc. (IDXX) | Equity | -66.68% | 18,034 | 0.05% | $561.89 | $528.79 | $10,133,124 | $9,536,199 | -$596,925 | -5.89% |
| Amazon.com Inc. (AMZN) | Equity | -8.35% | 5,962,801 | 5.80% | $208.27 | $264.14 | $1,241,872,564 | $1,575,014,256 | +$333,141,692 | +26.83% |
| Analog Devices Inc. (ADI) | Equity | -21.71% | 632,481 | 0.94% | $318.14 | $417.49 | $201,217,505 | $264,054,493 | +$62,836,988 | +31.23% |
| Automatic Data Processing Inc. (ADP) | Equity | +989.98% | 61,878 | 0.06% | $203.18 | $214.48 | $12,572,372 | $13,271,593 | +$699,221 | +5.56% |
| Blackstone Inc. (BX) | Equity | 0% | 45,000 | 0.02% | $114.99 | $117.89 | $5,174,550 | $5,305,050 | +$130,500 | +2.52% |
| Cadence Design Systems Inc. (CDNS) | Equity | +56.57% | 1,561 | 0.00% | $277.87 | $347.24 | $433,755 | $542,042 | +$108,287 | +24.96% |
| Colgate-Palmolive Company (CL) | Equity | +42.13% | 594,920 | 0.24% | $85.23 | $88.13 | $50,705,032 | $52,430,300 | +$1,725,268 | +3.40% |
| Danaher Corp. (DHR) | Equity | -1.96% | 3,995,873 | 3.54% | $189.60 | $161.91 | $757,617,521 | $646,971,797 | -$110,645,724 | -14.60% |
| Exxon Mobil Corp. (XOM) | Equity | -12.93% | 269,368 | 0.21% | $169.66 | $157.93 | $45,700,975 | $42,541,288 | -$3,159,687 | -6.91% |
| Fortive Corp. (FTV) | Equity | +5.28% | 11,902,828 | 3.07% | $55.28 | $58.72 | $657,988,332 | $698,934,060 | +$40,945,728 | +6.22% |
| HDFC Bank Limited (HDB) | Equity | +8.81% | 1,802,765 | 0.21% | $24.88 | $24.45 | $44,852,793 | $44,077,604 | -$775,189 | -1.73% |
| International Business Machines Corp. (IBM) | Equity | +772.28% | 39,645 | 0.04% | $242.39 | $219.30 | $9,609,446 | $8,694,149 | -$915,297 | -9.52% |
| Intuit Call | Equity | +100% | 12 | 0.00% | $43,238.00 | N/A | $518,856 | N/A | N/A | N/A |
| Mcdonald'S Corp. (MCD) | Equity | +28.84% | 499,162 | 0.72% | $310.79 | $276.39 | $155,134,558 | $137,963,385 | -$17,171,173 | -11.07% |
| Medtronic PLC (MDT) | Equity | +21.15% | 1,317,790 | 0.53% | $86.65 | $76.17 | $114,186,504 | $100,369,475 | -$13,817,029 | -12.10% |
| Moody's Corp. (MCO) | Equity | -37.21% | 54,137 | 0.11% | $436.25 | $428.90 | $23,617,266 | $23,219,359 | -$397,907 | -1.68% |
| Nvidia Corp. (NVDA) | Equity | +9.62% | 324,300 | 0.26% | $174.40 | $225.32 | $56,557,920 | $73,071,276 | +$16,513,356 | +29.20% |
| The Procter & Gamble Company (PG) | Equity | -28.36% | 2,269,210 | 1.53% | $144.44 | $141.57 | $327,764,692 | $321,252,060 | -$6,512,632 | -1.99% |
| Ross Stores Inc. (ROST) | Equity | -51.30% | 58,755 | 0.06% | $216.63 | $212.75 | $12,728,096 | $12,500,126 | -$227,970 | -1.79% |
| The Sherwin-Williams Company (SHW) | Equity | +5.73% | 415,505 | 0.62% | $320.55 | $300.10 | $133,190,128 | $124,693,051 | -$8,497,078 | -6.38% |
| Schlumberger Limited (SLB) | Equity | +100% | 61,932 | 0.01% | $51.39 | $55.38 | $3,182,685 | $3,429,794 | +$247,109 | +7.76% |
| Spotify Technology S.A. (SPOT) | Equity | -81.42% | 2,017 | 0.00% | $484.91 | $436.63 | $978,063 | $880,683 | -$97,380 | -9.96% |
| Starbucks Corp. (SBUX) | Equity | -12.57% | 266,312 | 0.11% | $89.59 | $106.82 | $23,858,892 | $28,446,116 | +$4,587,224 | +19.23% |
| The Tjx Companies Inc. (TJX) | Equity | +34.14% | 163,526 | 0.12% | $159.70 | $147.43 | $26,115,102 | $24,108,638 | -$2,006,464 | -7.68% |
| Totalenergies Se | Equity | -42.72% | 546,434 | 0.24% | $93.48 | N/A | $51,078,095 | N/A | N/A | N/A |
| Trane Technologies PLC (TT) | Equity | +167.63% | 66,908 | 0.13% | $416.74 | $466.60 | $27,883,240 | $31,219,273 | +$3,336,033 | +11.96% |
| Trip.Com Group Limited (TCOM) | Equity | 0% | 45,000 | 0.01% | $49.79 | $49.61 | $2,240,550 | $2,232,450 | -$8,100 | -0.36% |
| Verisk Analytics Inc. (VRSK) | Equity | +32.87% | 318,296 | 0.28% | $189.75 | $162.55 | $60,396,666 | $51,739,015 | -$8,657,651 | -14.33% |
| The Walt Disney Company (DIS) | Equity | -3.05% | 138,442 | 0.06% | $96.38 | $102.72 | $13,343,040 | $14,220,762 | +$877,722 | +6.58% |
| Abbott Laboratories (ABT) | Equity | +21.69% | 7,858,443 | 3.77% | $102.67 | $84.47 | $806,826,343 | $663,802,680 | -$143,023,663 | -17.73% |
| Accenture PLC (ACN) | Equity | -8.09% | 2,364,656 | 2.19% | $198.29 | $168.84 | $468,887,638 | $399,246,154 | -$69,641,484 | -14.85% |
| Airbnb Inc. (ABNB) | Equity | +12.12% | 14,972 | 0.01% | $126.28 | $132.85 | $1,890,664 | $1,989,030 | +$98,366 | +5.20% |
| Alibaba Group Holding Limited (BABA) | Equity | -89.92% | 6,656 | 0.00% | $125.46 | $132.59 | $835,062 | $882,519 | +$47,457 | +5.68% |
| Alphabet Inc. (GOOGL) | Equity | -16.22% | 4,998,554 | 6.71% | $287.56 | $396.78 | $1,437,384,188 | $1,983,326,256 | +$545,942,068 | +37.98% |
| Alphabet Inc. (GOOG) | Equity | 0% | 2,239 | 0.00% | $286.86 | $393.32 | $642,280 | $880,643 | +$238,363 | +37.11% |
| Ametek Inc. (AME) | Equity | -9.48% | 3,458,134 | 3.46% | $214.36 | $227.75 | $741,285,604 | $787,590,019 | +$46,304,415 | +6.25% |
| Amphenol Corp. (APH) | Equity | -23.52% | 5,568,649 | 3.28% | $126.35 | $125.00 | $703,598,801 | $696,081,125 | -$7,517,676 | -1.07% |
| Applied Materials Inc. (AMAT) | Equity | -46.58% | 396,117 | 0.63% | $341.79 | $436.62 | $135,388,829 | $172,952,605 | +$37,563,776 | +27.75% |
| Blackrock Inc. (BLK) | Equity | -41.99% | 58,857 | 0.26% | $961.71 | $1,081.90 | $56,603,365 | $63,677,388 | +$7,074,023 | +12.50% |
| Broadcom Inc. (AVGO) | Equity | -5.96% | 271,335 | 0.39% | $309.51 | $425.19 | $83,980,896 | $115,368,929 | +$31,388,033 | +37.38% |
| The Coca-Cola Company (KO) | Equity | -26.89% | 608,505 | 0.22% | $76.05 | $80.83 | $46,276,805 | $49,185,459 | +$2,908,654 | +6.29% |
| Copart Inc. (CPRT) | Equity | +13.51% | 2,221,768 | 0.34% | $33.20 | $32.30 | $73,762,698 | $71,763,106 | -$1,999,592 | -2.71% |
| Coupang Inc. (CPNG) | Equity | -8.57% | 160,000 | 0.01% | $18.88 | $16.12 | $3,020,800 | $2,579,200 | -$441,600 | -14.62% |
| Dollar General Corp. (DG) | Equity | -18.01% | 680,227 | 0.38% | $118.73 | $102.38 | $80,763,352 | $69,638,239 | -$11,125,113 | -13.77% |
| Ferrari N.V. (RACE) | Equity | -46.40% | 45,403 | 0.07% | $333.88 | $321.20 | $15,159,231 | $14,583,444 | -$575,787 | -3.80% |
| Fortinet Inc. (FTNT) | Equity | +7.35% | 13,989 | 0.01% | $81.72 | $122.78 | $1,143,181 | $1,717,569 | +$574,388 | +50.24% |
| Intercontinental Exchange Inc. (ICE) | Equity | +1.77% | 4,938,369 | 3.62% | $157.28 | $154.36 | $776,706,676 | $762,286,639 | -$14,420,037 | -1.86% |
| Lululemon Athletica Inc. (LULU) | Equity | -1.83% | 1,857,905 | 1.33% | $153.10 | $119.14 | $284,445,256 | $221,350,802 | -$63,094,454 | -22.18% |
| 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 |
| MakeMyTrip Limited (MMYT) | Equity | +33.33% | 60,000 | 0.01% | $37.29 | $43.30 | $2,237,400 | $2,598,000 | +$360,600 | +16.12% |
| Marketaxess Holdings Inc. (MKTX) | Equity | +16.11% | 108,100 | 0.08% | $164.98 | $138.45 | $17,834,338 | $14,966,445 | -$2,867,893 | -16.08% |
| Mastercard Inc. (MA) | Equity | -8.45% | 529,576 | 1.23% | $499.66 | $494.20 | $264,607,944 | $261,716,459 | -$2,891,485 | -1.09% |
| Microsoft Corp. (MSFT) | Equity | +12.32% | 3,524,051 | 6.09% | $370.17 | $421.92 | $1,304,497,959 | $1,486,867,598 | +$182,369,639 | +13.98% |
| Mondelez International Inc. (MDLZ) | Equity | +14.61% | 13,386 | 0.00% | $57.64 | $60.44 | $771,569 | $809,050 | +$37,481 | +4.86% |
| Netflix Inc. (NFLX) | Equity | +8.76% | 610,276 | 0.27% | $96.15 | $87.02 | $58,678,037 | $53,106,218 | -$5,571,819 | -9.50% |
| Nike Inc. (NKE) | Equity | -4.43% | 12,188,384 | 3.00% | $52.82 | $41.88 | $643,790,443 | $510,449,522 | -$133,340,921 | -20.71% |
| Nu Holdings Ltd. (NU) | Equity | -21.43% | 550,000 | 0.04% | $14.37 | $12.15 | $7,903,500 | $6,682,500 | -$1,221,000 | -15.45% |
| Pepsico Inc. (PEP) | Equity | -22.63% | 4,725,462 | 3.42% | $155.29 | $149.12 | $733,816,994 | $704,660,893 | -$29,156,101 | -3.97% |
| PDD Holdings Inc. (PDD) | Equity | +7.34% | 6,081 | 0.00% | $102.18 | $95.83 | $621,357 | $582,742 | -$38,615 | -6.21% |
| Roper Technologies Inc. (ROP) | Equity | +10.37% | 1,263,603 | 2.09% | $353.86 | $320.90 | $447,138,558 | $405,490,203 | -$41,648,355 | -9.31% |
| Salesforce Inc. (CRM) | Equity | -6.08% | 817,369 | 0.71% | $186.67 | $173.51 | $152,578,271 | $141,821,695 | -$10,756,576 | -7.05% |
| Sea Limited (SE) | Equity | +33.33% | 20,000 | 0.01% | $82.81 | $88.23 | $1,656,200 | $1,764,600 | +$108,400 | +6.55% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | -10.32% | 1,954,070 | 4.48% | $491.53 | $438.34 | $960,484,027 | $856,547,044 | -$103,936,983 | -10.82% |
| Union Pacific Corp. (UNP) | Equity | -62.71% | 19,683 | 0.02% | $242.62 | $270.56 | $4,775,489 | $5,325,432 | +$549,943 | +11.52% |
| Walmart Inc. (WMT) | Equity | -30.84% | 231,762 | 0.13% | $124.28 | $131.45 | $28,803,381 | $30,465,115 | +$1,661,734 | +5.77% |
| Illinois Tool Works Inc. (ITW) | Equity | -24.60% | 197,788 | 0.24% | $260.29 | $260.52 | $51,482,239 | $51,527,730 | +$45,491 | +0.09% |
| Intuit Inc. (INTU) | Equity | +1888.48% | 344,723 | 0.70% | $432.38 | $393.00 | $149,051,331 | $135,476,139 | -$13,575,192 | -9.11% |
| Johnson & Johnson (JNJ) | Equity | -21.97% | 1,096,864 | 1.25% | $244.44 | $226.71 | $268,117,436 | $248,670,037 | -$19,447,399 | -7.25% |
| Linde PLC (LIN) | Equity | -24.28% | 822,259 | 1.90% | $495.76 | $506.11 | $407,643,122 | $416,153,502 | +$8,510,380 | +2.09% |
| Mercadolibre Inc. (MELI) | Equity | +4.09% | 187,134 | 1.51% | $1,729.02 | $1,546.81 | $323,558,429 | $289,460,743 | -$34,097,686 | -10.54% |
| Meta Platforms Inc. (META) | Equity | -12.82% | 396,709 | 1.06% | $572.13 | $614.23 | $226,969,120 | $243,670,569 | +$16,701,449 | +7.36% |
| MSCI Inc. (MSCI) | Equity | -0.98% | 221,276 | 0.56% | $539.01 | $561.72 | $119,269,977 | $124,295,155 | +$5,025,178 | +4.21% |
| Nasdaq Inc. (NDAQ) | Equity | -40.33% | 684,974 | 0.27% | $84.89 | $91.06 | $58,147,443 | $62,373,732 | +$4,226,289 | +7.27% |
| Netease Inc. (NTES) | Equity | 0% | 15,000 | 0.01% | $111.94 | $113.38 | $1,679,100 | $1,700,700 | +$21,600 | +1.29% |
| O'Reilly Automotive Inc. (ORLY) | Equity | -67.44% | 24,236 | 0.01% | $92.31 | $88.49 | $2,237,225 | $2,144,644 | -$92,581 | -4.14% |
| Old Dominion Freight Line Inc. (ODFL) | Equity | -97.17% | 3,364 | 0.00% | $195.40 | $203.12 | $657,326 | $683,296 | +$25,970 | +3.95% |
| Ralliant corp | Equity | +22.52% | 3,706,885 | 0.72% | $41.59 | $0.00 | $154,169,347 | $0 | -$154,169,347 | -100% |
| S&P Global Inc. (SPGI) | Equity | +96.95% | 1,387,910 | 2.75% | $425.34 | $403.09 | $590,333,639 | $559,452,642 | -$30,880,997 | -5.23% |
| Stryker Corp. (SYK) | Equity | +89.81% | 539,538 | 0.83% | $328.59 | $306.76 | $177,286,791 | $165,508,677 | -$11,778,114 | -6.64% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | -69.04% | 228,274 | 0.36% | $337.95 | $404.35 | $77,145,198 | $92,302,592 | +$15,157,394 | +19.65% |
| Uber Technologies Inc. (UBER) | Equity | -7.88% | 697,969 | 0.23% | $71.93 | $75.09 | $50,204,910 | $52,410,492 | +$2,205,582 | +4.39% |
| Verizon Communications Inc. (VZ) | Equity | -74.54% | 96,234 | 0.02% | $50.20 | $46.37 | $4,830,947 | $4,462,371 | -$368,576 | -7.63% |
| Visa Inc. (V) | Equity | -5.69% | 2,022,150 | 2.85% | $302.24 | $325.75 | $611,174,616 | $658,715,363 | +$47,540,747 | +7.78% |
| Yum China Holdings Inc. (YUMC) | Equity | -7.69% | 60,000 | 0.01% | $48.78 | $45.51 | $2,926,800 | $2,730,600 | -$196,200 | -6.70% |
| Snap | Bond | +100% | 700,000 | N/A | $0.95 | N/A | $664,685 | N/A | N/A | N/A |
| 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 |
| 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 |