Investor: Bert Flossbach & Kurt von Storch
Number of Assets: 134
Reporting Period: Q1 - 2025
Holdings at Report: $23,088,814,123
Return Since Report: +$1,682,581,696
Return Since Report: +7.29%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Accenture PLC (ACN) | Equity | +8.18% | 1,627,589 | 2.20% | $312.04 | $283.62 | $507,872,872 | $461,615,165 | -$46,257,707 | -9.11% |
| Adobe Inc. (ADBE) | Equity | -18.69% | 57,842 | 0.10% | $383.53 | $371.06 | $22,184,142 | $21,462,795 | -$721,347 | -3.25% |
| Alibaba Group Holding Limited (BABA) | Equity | -20.43% | 198,200 | 0.11% | $132.23 | $120.13 | $26,207,986 | $23,809,766 | -$2,398,220 | -9.15% |
| Alphabet Inc. (GOOG) | Equity | +0.91% | 2,209 | 0.00% | $156.23 | $194.23 | $345,112 | $429,054 | +$83,942 | +24.32% |
| Amazon.com Inc. (AMZN) | Equity | -9.92% | 6,002,413 | 4.95% | $190.26 | $231.86 | $1,142,018,583 | $1,391,719,478 | +$249,700,895 | +21.86% |
| American Express Company (AXP) | Equity | +0.44% | 99,992 | 0.12% | $269.05 | $311.77 | $26,902,848 | $31,174,506 | +$4,271,658 | +15.88% |
| Ametek Inc. (AME) | Equity | +1.23% | 3,770,066 | 2.81% | $172.14 | $180.18 | $648,979,161 | $679,290,492 | +$30,311,331 | +4.67% |
| At&T Inc. (T) | Equity | +100% | 21,160 | 0.00% | $28.28 | $28.10 | $598,405 | $594,596 | -$3,809 | -0.64% |
| Automatic Data Processing Inc. (ADP) | Equity | -8.75% | 64,509 | 0.09% | $305.53 | $308.48 | $19,709,435 | $19,899,414 | +$189,979 | +0.96% |
| Becton Dickinson And Company (BDX) | Equity | +1.83% | 194,130 | 0.19% | $229.06 | $185.61 | $44,467,418 | $36,031,499 | -$8,435,919 | -18.97% |
| Berkshire Hathaway Inc. (BRK-B) | Equity | -20.06% | 3,595,463 | 8.30% | $532.58 | $483.58 | $1,914,871,685 | $1,738,693,998 | -$176,177,687 | -9.20% |
| Cheniere Energy Inc. (LNG) | Equity | +100% | 2,125 | 0.00% | $231.40 | $226.09 | $491,725 | $480,441 | -$11,284 | -2.29% |
| Comcast Corp. (CMCSA) | Equity | +100% | 6,790 | 0.00% | $36.90 | $33.77 | $250,551 | $229,264 | -$21,287 | -8.50% |
| ConocoPhillips (COP) | Equity | -36.00% | 142,811 | 0.07% | $105.02 | $95.28 | $14,998,011 | $13,607,032 | -$1,390,979 | -9.27% |
| Copart Inc. (CPRT) | Equity | +1.95% | 586,410 | 0.14% | $56.59 | $46.49 | $33,184,942 | $27,262,201 | -$5,922,741 | -17.85% |
| The Estée Lauder Companies Inc. (EL) | Equity | -67.70% | 61,368 | 0.02% | $66.00 | $89.53 | $4,050,288 | $5,493,970 | +$1,443,682 | +35.64% |
| Exxon Mobil Corp. (XOM) | Equity | -24.80% | 458,827 | 0.24% | $118.93 | $110.88 | $54,568,295 | $50,872,444 | -$3,695,851 | -6.77% |
| Fastenal Company (FAST) | Equity | -6.15% | 220,084 | 0.07% | $77.55 | $47.65 | $17,067,514 | $10,487,003 | -$6,580,511 | -38.56% |
| Ford Motor Company (F) | Equity | +100% | 13,795 | 0.00% | $10.03 | $11.45 | $138,364 | $157,884 | +$19,520 | +14.11% |
| Fortive Corp. (FTV) | Equity | -0.41% | 11,854,422 | 3.76% | $73.18 | $51.46 | $867,506,602 | $609,969,284 | -$257,537,318 | -29.69% |
| Globant S.A. (GLOB) | Equity | +8.57% | 19,000 | 0.01% | $117.72 | $93.50 | $2,236,680 | $1,776,500 | -$460,180 | -20.57% |
| The Hartford Insurance Group Inc. (HIG) | Equity | +100% | 4,250 | 0.00% | $123.73 | $123.36 | $525,853 | $524,280 | -$1,573 | -0.30% |
| Icici Bank Limited (IBN) | Equity | 0% | 140,000 | 0.02% | $31.52 | $34.18 | $4,412,800 | $4,784,500 | +$371,700 | +8.42% |
| 3m Company (MMM) | Equity | -14.87% | 799,813 | 0.51% | $146.86 | $150.85 | $117,460,537 | $120,651,791 | +$3,191,254 | +2.72% |
| Abbott Laboratories (ABT) | Equity | -19.84% | 6,951,496 | 4.00% | $132.65 | $126.44 | $922,115,944 | $878,947,154 | -$43,168,790 | -4.68% |
| Airbnb Inc. (ABNB) | Equity | -4.39% | 16,899 | 0.01% | $119.46 | $141.59 | $2,018,755 | $2,392,713 | +$373,958 | +18.52% |
| Alphabet Inc. (GOOGL) | Equity | -11.09% | 5,651,061 | 3.79% | $154.64 | $193.25 | $873,879,497 | $1,092,061,887 | +$218,182,390 | +24.97% |
| Amphenol Corp. (APH) | Equity | -7.44% | 11,397,719 | 3.24% | $65.59 | $104.90 | $747,576,389 | $1,195,632,121 | +$448,055,732 | +59.93% |
| Analog Devices Inc. (ADI) | Equity | -6.71% | 440,197 | 0.38% | $201.67 | $227.75 | $88,774,529 | $100,253,546 | +$11,479,017 | +12.93% |
| Apple Inc. (AAPL) | Equity | -8.49% | 4,060,047 | 3.91% | $222.13 | $213.72 | $901,858,240 | $867,692,945 | -$34,165,295 | -3.79% |
| Applied Materials Inc. (AMAT) | Equity | +37.94% | 2,207,218 | 1.39% | $145.12 | $184.95 | $320,311,476 | $408,224,969 | +$87,913,493 | +27.45% |
| Berkshire Hathaway Inc. (BRK-A) | Equity | 0% | 4 | 0.01% | $798,441.50 | $725,715.06 | $3,193,766 | $2,902,860 | -$290,906 | -9.11% |
| Biontech Se (BNTX) | Equity | -3.34% | 4,259,631 | 1.68% | $91.06 | $115.40 | $387,881,999 | $491,561,417 | +$103,679,418 | +26.73% |
| Blackrock Inc. (BLK) | Equity | -15.29% | 166,929 | 0.68% | $946.48 | $1,127.42 | $157,994,960 | $188,199,093 | +$30,204,133 | +19.12% |
| Blackstone Inc. (BX) | Equity | 0% | 45,000 | 0.03% | $139.78 | $144.20 | $6,290,100 | $6,489,000 | +$198,900 | +3.16% |
| Booking Holdings Inc. (BKNG) | Equity | -37.46% | 17,076 | 0.34% | $4,606.91 | $5,636.08 | $78,667,595 | $96,241,702 | +$17,574,107 | +22.34% |
| Bristol-Myers Squibb Company (BMY) | Equity | +100% | 11,465 | 0.00% | $60.99 | $48.28 | $699,250 | $553,473 | -$145,777 | -20.85% |
| Broadcom Inc. (AVGO) | Equity | +100% | 105,197 | 0.08% | $167.43 | $291.20 | $17,613,134 | $30,632,840 | +$13,019,706 | +73.92% |
| The Charles Schwab Corp. (SCHW) | Equity | +0.71% | 10,810,644 | 3.67% | $78.28 | $97.05 | $846,257,212 | $1,049,173,000 | +$202,915,788 | +23.98% |
| Church & Dwight Co. Inc. (CHD) | Equity | +0.84% | 153,269 | 0.07% | $110.09 | $96.87 | $16,873,384 | $14,847,168 | -$2,026,216 | -12.01% |
| Cintas Corp. (CTAS) | Equity | +100% | 1,840 | 0.00% | $205.53 | $223.72 | $378,175 | $411,645 | +$33,470 | +8.85% |
| CME Group Inc. (CME) | Equity | +100% | 1,155 | 0.00% | $265.29 | $279.92 | $306,410 | $323,302 | +$16,892 | +5.51% |
| The Coca-Cola Company (KO) | Equity | -10.58% | 993,108 | 0.31% | $71.62 | $69.08 | $71,126,395 | $68,607,873 | -$2,518,522 | -3.54% |
| Colgate-Palmolive Company (CL) | Equity | +3.23% | 279,336 | 0.11% | $93.70 | $87.92 | $26,173,783 | $24,559,221 | -$1,614,562 | -6.17% |
| Coupang Inc. (CPNG) | Equity | +8.57% | 190,000 | 0.02% | $21.93 | $30.31 | $4,166,700 | $5,757,950 | +$1,591,250 | +38.19% |
| Danaher Corp. (DHR) | Equity | +5.66% | 3,920,603 | 3.48% | $205.00 | $205.75 | $803,723,615 | $806,664,067 | +$2,940,452 | +0.37% |
| Dollar General Corp. (DG) | Equity | -5.22% | 1,206,739 | 0.46% | $87.93 | $107.79 | $106,108,560 | $130,074,397 | +$23,965,837 | +22.59% |
| Eli Lilly And Company (LLY) | Equity | +100% | 685 | 0.00% | $825.91 | $811.09 | $565,748 | $555,597 | -$10,151 | -1.79% |
| Fomento Económico Mexicano S.A.B. De C.V. (FMX) | Equity | 0% | 22,500 | 0.01% | $97.58 | $98.03 | $2,195,550 | $2,205,675 | +$10,125 | +0.46% |
| Ferrari N.V. (RACE) | Equity | +18.67% | 49,236 | 0.09% | $424.20 | $518.24 | $20,886,085 | $25,516,065 | +$4,629,980 | +22.17% |
| Fiserv Inc. (FI) | Equity | 0% | 1,040 | 0.00% | $220.83 | $141.22 | $229,663 | $146,864 | -$82,799 | -36.05% |
| Gen Digital Inc. (GEN) | Equity | +100% | 8,610 | 0.00% | $26.54 | $30.71 | $228,509 | $264,370 | +$35,861 | +15.69% |
| Graco Inc. (GGG) | Equity | 0% | 3,499,200 | 1.27% | $83.51 | $84.03 | $292,218,192 | $294,037,776 | +$1,819,584 | +0.62% |
| HDFC Bank Limited (HDB) | Equity | +1.55% | 1,049,520 | 0.30% | $66.44 | $77.93 | $69,730,109 | $81,783,846 | +$12,053,737 | +17.29% |
| The Home Depot Inc. (HD) | Equity | -20.01% | 56,455 | 0.09% | $366.49 | $375.60 | $20,690,193 | $21,204,498 | +$514,305 | +2.49% |
| Idex Corp. (IEX) | Equity | +100% | 275,267 | 0.22% | $180.97 | $185.31 | $49,815,069 | $51,009,728 | +$1,194,659 | +2.40% |
| Idexx Laboratories Inc. (IDXX) | Equity | +16.57% | 551,764 | 1.00% | $419.95 | $566.47 | $231,713,292 | $312,557,753 | +$80,844,461 | +34.89% |
| Intuitive Surgical Inc. (ISRG) | Equity | +100% | 565 | 0.00% | $495.27 | $494.35 | $279,828 | $279,305 | -$523 | -0.19% |
| Johnson & Johnson (JNJ) | Equity | -0.62% | 6,488,992 | 4.66% | $165.84 | $168.25 | $1,076,134,433 | $1,091,772,904 | +$15,638,471 | +1.45% |
| Linde PLC (LIN) | Equity | +1.80% | 375,582 | 0.76% | $465.64 | $472.70 | $174,886,002 | $177,537,611 | +$2,651,609 | +1.52% |
| Lululemon Athletica Inc. (LULU) | Equity | +10.27% | 1,401,885 | 1.72% | $283.06 | $218.68 | $396,817,568 | $306,557,202 | -$90,260,366 | -22.75% |
| Marketaxess Holdings Inc. (MKTX) | Equity | +41.19% | 23,000 | 0.02% | $216.35 | $211.93 | $4,976,050 | $4,874,390 | -$101,660 | -2.04% |
| Medtronic PLC (MDT) | Equity | -32.66% | 1,394,619 | 0.54% | $89.86 | $92.92 | $125,320,463 | $129,582,419 | +$4,261,956 | +3.40% |
| Mercadolibre Inc. (MELI) | Equity | +3.59% | 10,207 | 0.09% | $1,950.87 | $2,361.08 | $19,912,530 | $24,099,544 | +$4,187,014 | +21.03% |
| Mondelez International Inc. (MDLZ) | Equity | -12.09% | 170,434 | 0.05% | $67.85 | $70.48 | $11,563,947 | $12,012,188 | +$448,241 | +3.88% |
| Moody's Corp. (MCO) | Equity | -10.38% | 180,643 | 0.36% | $465.69 | $513.44 | $84,123,639 | $92,748,439 | +$8,624,800 | +10.25% |
| Netease Inc. (NTES) | Equity | 0% | 20,000 | 0.01% | $102.92 | $135.56 | $2,058,400 | $2,711,200 | +$652,800 | +31.71% |
| Netflix Inc. (NFLX) | Equity | -7.73% | 45,995 | 0.19% | $932.53 | $1,179.81 | $42,891,717 | $54,265,131 | +$11,373,414 | +26.52% |
| Nike Inc. (NKE) | Equity | +23.96% | 10,286,619 | 2.83% | $63.48 | $76.41 | $652,994,574 | $786,000,558 | +$133,005,984 | +20.37% |
| Old Dominion Freight Line Inc. (ODFL) | Equity | +2.76% | 372,705 | 0.27% | $165.45 | $165.35 | $61,664,042 | $61,626,772 | -$37,270 | -0.06% |
| Oracle Corp. (ORCL) | Equity | +82.49% | 3,230 | 0.00% | $139.81 | $244.92 | $451,586 | $791,092 | +$339,506 | +75.18% |
| Paypal Holdings Inc. (PYPL) | Equity | -15.46% | 492,193 | 0.14% | $65.25 | $78.52 | $32,115,593 | $38,646,994 | +$6,531,401 | +20.34% |
| Pepsico Inc. (PEP) | Equity | +9.41% | 5,593,834 | 3.64% | $149.94 | $143.57 | $838,739,470 | $803,106,747 | -$35,632,723 | -4.25% |
| The Procter & Gamble Company (PG) | Equity | -3.74% | 3,905,702 | 2.89% | $170.42 | $158.19 | $665,609,735 | $617,842,999 | -$47,766,736 | -7.18% |
| Raymond James Financial Inc. (RJF) | Equity | +100% | 1,475 | 0.00% | $138.91 | $168.49 | $204,892 | $248,523 | +$43,631 | +21.29% |
| Roper Technologies Inc. (ROP) | Equity | +10.84% | 300,048 | 0.77% | $589.58 | $562.40 | $176,902,300 | $168,745,495 | -$8,156,805 | -4.61% |
| Ross Stores Inc. (ROST) | Equity | +13.69% | 77,077 | 0.04% | $127.79 | $138.38 | $9,849,670 | $10,665,915 | +$816,245 | +8.29% |
| S&P Global Inc. (SPGI) | Equity | -0.07% | 723,992 | 1.59% | $508.10 | $535.31 | $367,860,335 | $387,556,538 | +$19,696,203 | +5.35% |
| Schlumberger Limited (SLB) | Equity | -65.73% | 106,477 | 0.02% | $41.80 | $35.59 | $4,450,739 | $3,788,984 | -$661,755 | -14.87% |
| The Sherwin-Williams Company (SHW) | Equity | +15.45% | 867,964 | 1.31% | $349.19 | $339.66 | $303,084,349 | $294,812,652 | -$8,271,697 | -2.73% |
| Spotify Technology S.A. (SPOT) | Equity | +100% | 370 | 0.00% | $550.03 | $693.14 | $203,511 | $256,462 | +$52,951 | +26.02% |
| Stryker Corp. (SYK) | Equity | -3.78% | 379,735 | 0.61% | $372.25 | $402.41 | $141,356,354 | $152,807,263 | +$11,450,909 | +8.10% |
| Te Connectivity PLC (TEL) | Equity | +100% | 1,915 | 0.00% | $141.32 | $207.69 | $270,628 | $397,717 | +$127,089 | +46.96% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | +5.81% | 1,412,839 | 3.05% | $497.60 | $477.97 | $703,028,686 | $675,294,657 | -$27,734,029 | -3.94% |
| The Tjx Companies Inc. (TJX) | Equity | +10.63% | 125,150 | 0.07% | $121.80 | $126.37 | $15,243,270 | $15,815,206 | +$571,936 | +3.75% |
| Uber Technologies Inc. (UBER) | Equity | -15.76% | 1,073,876 | 0.34% | $72.86 | $90.74 | $78,242,605 | $97,443,508 | +$19,200,903 | +24.54% |
| Union Pacific Corp. (UNP) | Equity | -30.95% | 138,584 | 0.14% | $236.24 | $225.11 | $32,739,084 | $31,195,951 | -$1,543,133 | -4.71% |
| Unum Group (UNM) | Equity | +100% | 5,325 | 0.00% | $81.46 | $80.66 | $433,775 | $429,515 | -$4,261 | -0.98% |
| Verisk Analytics Inc. (VRSK) | Equity | -19.57% | 229,669 | 0.30% | $297.62 | $313.10 | $68,354,088 | $71,909,364 | +$3,555,276 | +5.20% |
| Verizon Communications Inc. (VZ) | Equity | +29.03% | 400,898 | 0.08% | $45.36 | $43.04 | $18,184,733 | $17,252,645 | -$932,088 | -5.13% |
| Zoetis Inc. (ZTS) | Equity | +100% | 1,775 | 0.00% | $164.65 | $152.15 | $292,254 | $270,066 | -$22,188 | -7.59% |
| Illinois Tool Works Inc. (ITW) | Equity | -7.68% | 277,675 | 0.30% | $248.01 | $262.45 | $68,866,177 | $72,874,415 | +$4,008,238 | +5.82% |
| Intercontinental Exchange Inc. (ICE) | Equity | -8.44% | 4,646,647 | 3.47% | $172.50 | $184.80 | $801,546,608 | $858,700,366 | +$57,153,758 | +7.13% |
| Intuit Inc. (INTU) | Equity | -53.48% | 17,493 | 0.05% | $613.99 | $790.11 | $10,740,527 | $13,821,307 | +$3,080,780 | +28.68% |
| Joint Stock Company Kaspi.Kz (KSPI) | Equity | +66.67% | 25,000 | 0.01% | $92.85 | $85.33 | $2,321,250 | $2,133,250 | -$188,000 | -8.10% |
| MakeMyTrip Limited (MMYT) | Equity | +17.65% | 20,000 | 0.01% | $97.99 | $103.14 | $1,959,800 | $2,062,700 | +$102,900 | +5.25% |
| Mastercard Inc. (MA) | Equity | -13.06% | 609,389 | 1.45% | $548.12 | $568.79 | $334,018,299 | $346,611,322 | +$12,593,023 | +3.77% |
| Match Group Inc. (MTCH) | Equity | +1.16% | 742,895 | 0.10% | $31.20 | $34.72 | $23,178,324 | $25,789,600 | +$2,611,276 | +11.27% |
| Mcdonald'S Corp. (MCD) | Equity | -11.06% | 460,417 | 0.62% | $312.37 | $297.09 | $143,820,458 | $136,785,287 | -$7,035,171 | -4.89% |
| Meta Platforms Inc. (META) | Equity | +7.75% | 578,928 | 1.45% | $576.36 | $715.15 | $333,670,942 | $414,020,359 | +$80,349,417 | +24.08% |
| Microsoft Corp. (MSFT) | Equity | -2.20% | 3,406,727 | 5.54% | $375.39 | $517.06 | $1,278,851,249 | $1,761,482,263 | +$482,631,014 | +37.74% |
| The Mosaic Company (MOS) | Equity | +100% | 7,480 | 0.00% | $27.01 | $36.92 | $202,035 | $276,124 | +$74,089 | +36.67% |
| MSCI Inc. (MSCI) | Equity | -26.66% | 215,599 | 0.53% | $565.50 | $547.92 | $121,921,235 | $118,131,004 | -$3,790,231 | -3.11% |
| Nasdaq Inc. (NDAQ) | Equity | +3.75% | 1,158,977 | 0.38% | $75.86 | $81.83 | $87,919,995 | $94,839,088 | +$6,919,093 | +7.87% |
| News Corp. (NWSA) | Equity | +100% | 16,355 | 0.00% | $27.22 | $29.51 | $445,183 | $482,554 | +$37,371 | +8.39% |
| Nu Holdings Ltd. (NU) | Equity | +30.91% | 720,000 | 0.03% | $10.24 | $12.78 | $7,372,800 | $9,198,000 | +$1,825,200 | +24.76% |
| Nvidia Corp. (NVDA) | Equity | -8.78% | 248,415 | 0.12% | $108.38 | $173.98 | $26,923,218 | $43,218,000 | +$16,294,782 | +60.52% |
| O'Reilly Automotive Inc. (ORLY) | Equity | -55.10% | 5,520 | 0.03% | $1,432.58 | $98.28 | $7,907,842 | $542,506 | -$7,365,336 | -93.14% |
| Quest Diagnostics Inc. (DGX) | Equity | +100% | 1,305 | 0.00% | $169.20 | $169.41 | $220,806 | $221,080 | +$274 | +0.12% |
| Saia Inc. (SAIA) | Equity | -5.15% | 20,792 | 0.03% | $349.43 | $331.38 | $7,265,349 | $6,890,053 | -$375,296 | -5.17% |
| Salesforce Inc. (CRM) | Equity | +2.69% | 711,099 | 0.83% | $268.36 | $269.95 | $190,830,528 | $191,961,175 | +$1,130,647 | +0.59% |
| Smurfit Westrock (SW) | Equity | -9.14% | 414,532 | 0.08% | $44.70 | $48.72 | $18,529,616 | $20,195,999 | +$1,666,383 | +8.99% |
| Starbucks Corp. (SBUX) | Equity | -92.97% | 325,949 | 0.14% | $98.09 | $94.25 | $31,972,337 | $30,720,693 | -$1,251,644 | -3.91% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | +22.53% | 280,996 | 0.20% | $166.00 | $246.08 | $46,645,336 | $69,146,091 | +$22,500,755 | +48.24% |
| Targa Resources Corp. (TRGP) | Equity | +100% | 1,550 | 0.00% | $200.47 | $161.93 | $310,729 | $250,992 | -$59,738 | -19.22% |
| United Parcel Service Inc. (UPS) | Equity | +100% | 4,225 | 0.00% | $109.99 | $104.00 | $464,708 | $439,400 | -$25,308 | -5.45% |
| Veeva Systems Inc. (VEEV) | Equity | +100% | 865 | 0.00% | $231.63 | $291.08 | $200,360 | $251,784 | +$51,424 | +25.67% |
| Visa Inc. (V) | Equity | -21.60% | 2,219,828 | 3.37% | $350.46 | $357.12 | $777,960,921 | $792,744,975 | +$14,784,054 | +1.90% |
| Walmart Inc. (WMT) | Equity | -53.81% | 512,554 | 0.20% | $87.79 | $97.47 | $44,997,116 | $49,960,689 | +$4,963,573 | +11.03% |
| The Walt Disney Company (DIS) | Equity | +0.57% | 389,507 | 0.17% | $98.70 | $121.65 | $38,444,341 | $47,383,527 | +$8,939,186 | +23.25% |
| Waste Management Inc. (WM) | Equity | +100% | 1,365 | 0.00% | $231.51 | $229.68 | $316,011 | $313,506 | -$2,505 | -0.79% |
| Yum China Holdings Inc. (YUMC) | Equity | 0% | 80,000 | 0.02% | $52.06 | $47.82 | $4,164,800 | $3,825,600 | -$339,200 | -8.14% |