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FLOSSBACH VON STORCH SE

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13F filer, CIK 1575677, COLOGNE, Germany

FLOSSBACH VON STORCH SE reported $24,466,965,963 across 112 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-07. Its ten largest share positions make up 47% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001575677-25-000010

Period
2025-06-30
Reported value
$24.5B
Holdings
112
Top 10 weight
47%
New
6
Sold out
28

Largest buys vs the previous quarter

SecurityShares changeApprox. value
TMOadded+1,314,182$533M
ACNadded+781,211$233M
RALnew+4,084,903$198M
AMZNadded+840,907$184M
GOOGLadded+1,014,638$179M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
BRK-Breduced-814,081-$395M
AAPLreduced-984,017-$202M
IDXXreduced-310,639-$167M
APHreduced-1,459,337-$144M
PGreduced-773,748-$123M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001575677-25-000010, largest first. % of portfolio is the value over $24,463,644,558, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,355,785 shares; 2024Q4: 3,483,360 shares; 2025Q1: 3,406,727 shares; 2025Q2: 3,418,400 shares 3,418,400$1.7B6.95%+11,673Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,074,304 shares; 2024Q4: 6,663,545 shares; 2025Q1: 6,002,413 shares; 2025Q2: 6,843,320 shares 6,843,320$1.5B6.14%+840,907Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,489,749 shares; 2024Q4: 4,497,659 shares; 2025Q1: 3,595,463 shares; 2025Q2: 2,781,382 shares 2,781,382$1.35B5.52%-814,081Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,812,957 shares; 2024Q4: 6,355,665 shares; 2025Q1: 5,651,061 shares; 2025Q2: 6,665,699 shares 6,665,699$1.17B4.8%+1,014,638Timeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,328,145 shares; 2024Q4: 1,335,285 shares; 2025Q1: 1,412,839 shares; 2025Q2: 2,727,021 shares 2,727,021$1.11B4.52%+1,314,182Timeline
APHAMPHENOL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,347,630 shares; 2024Q4: 12,314,404 shares; 2025Q1: 11,397,719 shares; 2025Q2: 9,938,382 shares 9,938,382$981M4.01%-1,459,337Timeline
JNJJOHNSON & JOHNSONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,500,482 shares; 2024Q4: 6,529,296 shares; 2025Q1: 6,488,992 shares; 2025Q2: 6,342,997 shares 6,342,997$969M3.96%-145,995Timeline
SCHWCHARLES SCHWAB CORP (THE)Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,550,761 shares; 2024Q4: 10,734,076 shares; 2025Q1: 10,810,644 shares; 2025Q2: 10,580,171 shares 10,580,171$965M3.95%-230,473Timeline
PEPPEPSICO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,071,532 shares; 2024Q4: 5,112,536 shares; 2025Q1: 5,593,834 shares; 2025Q2: 6,637,469 shares 6,637,469$876M3.58%+1,043,635Timeline
ABTABBOTT LABORATORIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,758,473 shares; 2024Q4: 8,672,425 shares; 2025Q1: 6,951,496 shares; 2025Q2: 6,422,870 shares 6,422,870$874M3.57%-528,626Timeline
ICEINTERCONTINENTAL EXCHANGE INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,099,746 shares; 2024Q4: 5,074,730 shares; 2025Q1: 4,646,647 shares; 2025Q2: 4,563,275 shares 4,563,275$837M3.42%-83,372Timeline
DHRDANAHER CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,666,248 shares; 2024Q4: 3,710,738 shares; 2025Q1: 3,920,603 shares; 2025Q2: 4,228,515 shares 4,228,515$835M3.41%+307,912Timeline
NKENIKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,212,377 shares; 2024Q4: 8,298,072 shares; 2025Q1: 10,286,619 shares; 2025Q2: 11,265,390 shares 11,265,390$800M3.27%+978,771Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,845,402 shares; 2024Q4: 2,831,255 shares; 2025Q1: 2,219,828 shares; 2025Q2: 2,151,030 shares 2,151,030$764M3.12%-68,798Timeline
ACNACCENTURE PLC IRELANDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,519,198 shares; 2024Q4: 1,504,485 shares; 2025Q1: 1,627,589 shares; 2025Q2: 2,408,800 shares 2,408,800$720M2.94%+781,211Timeline
AMEAMETEK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,633,065 shares; 2024Q4: 3,724,352 shares; 2025Q1: 3,770,066 shares; 2025Q2: 3,785,676 shares 3,785,676$685M2.8%+15,610Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,826,955 shares; 2024Q4: 4,436,956 shares; 2025Q1: 4,060,047 shares; 2025Q2: 3,076,030 shares 3,076,030$631M2.58%-984,017Timeline
FTVFORTIVE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,765,761 shares; 2024Q4: 11,903,240 shares; 2025Q1: 11,854,422 shares; 2025Q2: 12,043,449 shares 12,043,449$628M2.57%+189,027Timeline
PGPROCTER & GAMBLE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,033,011 shares; 2024Q4: 4,057,598 shares; 2025Q1: 3,905,702 shares; 2025Q2: 3,131,954 shares 3,131,954$499M2.04%-773,748Timeline
AMATAPPLIED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 706,083 shares; 2024Q4: 1,600,078 shares; 2025Q1: 2,207,218 shares; 2025Q2: 2,461,720 shares 2,461,720$451M1.84%+254,502Timeline
BNTXBIONTECH SEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,359,607 shares; 2024Q4: 4,406,843 shares; 2025Q1: 4,259,631 shares; 2025Q2: 4,230,098 shares 4,230,098$450M1.84%-29,533Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 540,045 shares; 2024Q4: 537,268 shares; 2025Q1: 578,928 shares; 2025Q2: 555,409 shares 555,409$410M1.68%-23,519Timeline
LULULULULEMON ATHLETICA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,393,484 shares; 2024Q4: 1,271,320 shares; 2025Q1: 1,401,885 shares; 2025Q2: 1,640,217 shares 1,640,217$390M1.59%+238,332Timeline
SPGIS&P GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 715,916 shares; 2024Q4: 724,465 shares; 2025Q1: 723,992 shares; 2025Q2: 720,469 shares 720,469$380M1.55%-3,523Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 726,209 shares; 2024Q4: 700,899 shares; 2025Q1: 609,389 shares; 2025Q2: 608,204 shares 608,204$342M1.4%-1,185Timeline
SHWSHERWIN WILLIAMS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 711,587 shares; 2024Q4: 751,803 shares; 2025Q1: 867,964 shares; 2025Q2: 888,360 shares 888,360$305M1.25%+20,396Timeline
GGGGRACO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,499,200 shares; 2024Q4: 3,499,200 shares; 2025Q1: 3,499,200 shares; 2025Q2: 3,337,450 shares 3,337,450$287M1.17%-161,750Timeline
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 855,686 shares; 2024Q4: 692,443 shares; 2025Q1: 711,099 shares; 2025Q2: 841,028 shares 841,028$229M0.94%+129,929Timeline
ROPROPER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 255,104 shares; 2024Q4: 270,705 shares; 2025Q1: 300,048 shares; 2025Q2: 389,078 shares 389,078$221M0.9%+89,030Timeline
RALRALLIANT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 4,084,903 shares 4,084,903$198M0.81%newTimeline
BLKBLACKROCK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 197,071 shares; 2025Q1: 166,929 shares; 2025Q2: 164,730 shares 164,730$173M0.71%-2,199Timeline
LINLINDE PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 329,259 shares; 2024Q4: 368,941 shares; 2025Q1: 375,582 shares; 2025Q2: 366,009 shares 366,009$172M0.7%-9,573Timeline
IDXXIDEXX LABS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,545 shares; 2024Q4: 473,336 shares; 2025Q1: 551,764 shares; 2025Q2: 241,125 shares 241,125$129M0.53%-310,639Timeline
MMM3M COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,013,019 shares; 2024Q4: 939,529 shares; 2025Q1: 799,813 shares; 2025Q2: 793,280 shares 793,280$121M0.49%-6,533Timeline
MSCIMSCI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 327,072 shares; 2024Q4: 293,972 shares; 2025Q1: 215,599 shares; 2025Q2: 209,331 shares 209,331$121M0.49%-6,268Timeline
MDTMEDTRONIC PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,163,303 shares; 2024Q4: 2,071,032 shares; 2025Q1: 1,394,619 shares; 2025Q2: 1,341,102 shares 1,341,102$117M0.48%-53,517Timeline
IEXIDEX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 275,267 shares; 2025Q2: 640,792 shares 640,792$113M0.46%+365,525Timeline
DGDOLLAR GEN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,281,639 shares; 2024Q4: 1,273,255 shares; 2025Q1: 1,206,739 shares; 2025Q2: 981,383 shares 981,383$112M0.46%-225,356Timeline
SYKSTRYKER CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 424,032 shares; 2024Q4: 394,666 shares; 2025Q1: 379,735 shares; 2025Q2: 273,380 shares 273,380$108M0.44%-106,355Timeline
NDAQNASDAQ INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,168,531 shares; 2024Q4: 1,117,101 shares; 2025Q1: 1,158,977 shares; 2025Q2: 1,172,990 shares 1,172,990$105M0.43%+14,013Timeline
ADIANALOG DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 319,458 shares; 2024Q4: 471,859 shares; 2025Q1: 440,197 shares; 2025Q2: 426,142 shares 426,142$101M0.41%-14,055Timeline
MCDMCDONALDS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 528,269 shares; 2024Q4: 517,698 shares; 2025Q1: 460,417 shares; 2025Q2: 318,413 shares 318,413$93M0.38%-142,004Timeline
MCOMOODYS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 199,576 shares; 2024Q4: 201,558 shares; 2025Q1: 180,643 shares; 2025Q2: 185,439 shares 185,439$93M0.38%+4,796Timeline
BKNGBOOKING HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 67,246 shares; 2024Q4: 27,302 shares; 2025Q1: 17,076 shares; 2025Q2: 16,010 shares 16,010$92.7M0.38%-1,066Timeline
HDBHDFC BANK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,015,370 shares; 2024Q4: 1,033,520 shares; 2025Q1: 1,049,520 shares; 2025Q2: 975,655 shares 975,655$74.8M0.31%-73,865Timeline
NFLXNETFLIX INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 49,212 shares; 2024Q4: 49,850 shares; 2025Q1: 45,995 shares; 2025Q2: 54,979 shares 54,979$73.6M0.3%+8,984Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 255,019 shares; 2024Q4: 229,323 shares; 2025Q1: 280,996 shares; 2025Q2: 316,397 shares 316,397$71.7M0.29%+35,401Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 105,197 shares; 2025Q2: 257,267 shares 257,267$70.9M0.29%+152,070Timeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 789,244 shares; 2024Q4: 1,274,740 shares; 2025Q1: 1,073,876 shares; 2025Q2: 754,016 shares 754,016$70.3M0.29%-319,860Timeline
ITWILLINOIS TOOL WKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 223,596 shares; 2024Q4: 300,760 shares; 2025Q1: 277,675 shares; 2025Q2: 266,791 shares 266,791$66M0.27%-10,884Timeline
KOCOCA COLA COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,013,010 shares; 2024Q4: 1,110,669 shares; 2025Q1: 993,108 shares; 2025Q2: 863,021 shares 863,021$61.1M0.25%-130,087Timeline
CPRTCOPART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 614,104 shares; 2024Q4: 575,196 shares; 2025Q1: 586,410 shares; 2025Q2: 1,135,122 shares 1,135,122$55.7M0.23%+548,712Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 308,020 shares; 2024Q4: 272,320 shares; 2025Q1: 248,415 shares; 2025Q2: 342,032 shares 342,032$54M0.22%+93,617Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 409,380 shares; 2024Q4: 387,283 shares; 2025Q1: 389,507 shares; 2025Q2: 356,954 shares 356,954$44.3M0.18%-32,553Timeline
WMTWALMART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,287,652 shares; 2024Q4: 1,109,748 shares; 2025Q1: 512,554 shares; 2025Q2: 410,122 shares 410,122$40.1M0.16%-102,432Timeline
VRSKVERISK ANALYTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 271,307 shares; 2024Q4: 285,545 shares; 2025Q1: 229,669 shares; 2025Q2: 124,894 shares 124,894$38.9M0.16%-104,775Timeline
BDXBECTON DICKINSON & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 275,061 shares; 2024Q4: 190,637 shares; 2025Q1: 194,130 shares; 2025Q2: 211,226 shares 211,226$36.4M0.15%+17,096Timeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 585,799 shares; 2024Q4: 610,136 shares; 2025Q1: 458,827 shares; 2025Q2: 335,684 shares 335,684$36.2M0.15%-123,143Timeline
RACEFERRARI N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,958 shares; 2024Q4: 41,491 shares; 2025Q1: 49,236 shares; 2025Q2: 60,201 shares 60,201$29.5M0.12%+10,965Timeline
CLCOLGATE PALMOLIVE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 270,175 shares; 2024Q4: 270,595 shares; 2025Q1: 279,336 shares; 2025Q2: 315,928 shares 315,928$28.7M0.12%+36,592Timeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,228 shares; 2024Q4: 9,853 shares; 2025Q1: 10,207 shares; 2025Q2: 10,270 shares 10,270$26.8M0.11%+63Timeline
PYPLPAYPAL HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 870,203 shares; 2024Q4: 582,198 shares; 2025Q1: 492,193 shares; 2025Q2: 341,868 shares 341,868$25.4M0.1%-150,325Timeline
SBUXSTARBUCKS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,566,500 shares; 2024Q4: 4,636,199 shares; 2025Q1: 325,949 shares; 2025Q2: 270,361 shares 270,361$24.8M0.1%-55,588Timeline
AXPAMERICAN EXPRESS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 157,659 shares; 2024Q4: 99,553 shares; 2025Q1: 99,992 shares; 2025Q2: 77,505 shares 77,505$24.7M0.1%-22,487Timeline
UNPUNION PAC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 93,341 shares; 2024Q4: 200,705 shares; 2025Q1: 138,584 shares; 2025Q2: 99,945 shares 99,945$23M0.09%-38,639Timeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 250,243 shares; 2024Q4: 249,100 shares; 2025Q1: 198,200 shares; 2025Q2: 184,000 shares 184,000$20.9M0.09%-14,200Timeline
ADBEADOBE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 61,827 shares; 2024Q4: 71,136 shares; 2025Q1: 57,842 shares; 2025Q2: 50,109 shares 50,109$19.4M0.08%-7,733Timeline
ODFLOLD DOMINION FREIGHT LINE INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 165,245 shares; 2024Q4: 362,706 shares; 2025Q1: 372,705 shares; 2025Q2: 106,638 shares 106,638$17.3M0.07%-266,067Timeline
HDHOME DEPOT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 71,127 shares; 2024Q4: 70,578 shares; 2025Q1: 56,455 shares; 2025Q2: 46,127 shares 46,127$16.9M0.07%-10,328Timeline
TJXTJX COS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 147,059 shares; 2024Q4: 113,124 shares; 2025Q1: 125,150 shares; 2025Q2: 131,535 shares 131,535$16.2M0.07%+6,385Timeline
VZVERIZON COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 251,218 shares; 2024Q4: 310,705 shares; 2025Q1: 400,898 shares; 2025Q2: 356,179 shares 356,179$15.4M0.06%-44,719Timeline
CHDCHURCH & DWIGHT CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 152,962 shares; 2024Q4: 151,999 shares; 2025Q1: 153,269 shares; 2025Q2: 148,613 shares 148,613$14.3M0.06%-4,656Timeline
ROSTROSS STORES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 90,227 shares; 2024Q4: 67,794 shares; 2025Q1: 77,077 shares; 2025Q2: 108,115 shares 108,115$13.8M0.06%+31,038Timeline
ADPAUTOMATIC DATA PROCESSING INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 82,692 shares; 2024Q4: 70,692 shares; 2025Q1: 64,509 shares; 2025Q2: 43,867 shares 43,867$13.5M0.06%-20,642Timeline
INTUINTUITQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 42,812 shares; 2024Q4: 37,600 shares; 2025Q1: 17,493 shares; 2025Q2: 15,322 shares 15,322$12.1M0.05%-2,171Timeline
NUNU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 625,000 shares; 2024Q4: 550,000 shares; 2025Q1: 720,000 shares; 2025Q2: 800,000 shares 800,000$11M0.04%+80,000Timeline
SWSMURFIT WESTROCK PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 492,686 shares; 2024Q4: 456,209 shares; 2025Q1: 414,532 shares; 2025Q2: 227,435 shares 227,435$9.81M0.04%-187,097Timeline
COPCONOCOPHILLIPSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 267,324 shares; 2024Q4: 223,128 shares; 2025Q1: 142,811 shares; 2025Q2: 96,966 shares 96,966$8.7M0.04%-45,845Timeline
FASTFASTENAL COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 537,812 shares; 2024Q4: 234,507 shares; 2025Q1: 220,084 shares; 2025Q2: 201,536 shares 201,536$8.46M0.03%-18,548Timeline
BXBLACKSTONE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 55,000 shares; 2024Q4: 45,000 shares; 2025Q1: 45,000 shares; 2025Q2: 45,000 shares 45,000$6.73M0.03%0Timeline
ORLYOREILLY AUTOMOTIVE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,058 shares; 2024Q4: 12,295 shares; 2025Q1: 5,520 shares; 2025Q2: 67,505 shares 67,505$6.08M0.02%+61,985Timeline
CPNGCOUPANG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 160,000 shares; 2024Q4: 175,000 shares; 2025Q1: 190,000 shares; 2025Q2: 190,000 shares 190,000$5.69M0.02%0Timeline
IBNICICI BK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 130,000 shares; 2024Q4: 140,000 shares; 2025Q1: 140,000 shares; 2025Q2: 160,000 shares 160,000$5.38M0.02%+20,000Timeline
MKTXMARKETAXESS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,300 shares; 2024Q4: 16,290 shares; 2025Q1: 23,000 shares; 2025Q2: 23,000 shares 23,000$5.14M0.02%0Timeline
ELLAUDER ESTEE COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 96,803 shares; 2024Q4: 189,998 shares; 2025Q1: 61,368 shares; 2025Q2: 59,387 shares 59,387$4.8M0.02%-1,981Timeline
SPOTSPOTIFY TECHNOLOGY S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 370 shares; 2025Q2: 5,134 shares 5,134$3.94M0.02%+4,764Timeline
YUMCYUM CHINA HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,000 shares; 2024Q4: 80,000 shares; 2025Q1: 80,000 shares; 2025Q2: 82,500 shares 82,500$3.69M0.02%+2,500Timeline
BRK-ABERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3 shares; 2024Q4: 4 shares; 2025Q1: 4 shares; 2025Q2: 4 shares 4$2.92M0.01%0Timeline
NTESNETEASE COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,500 shares; 2024Q4: 20,000 shares; 2025Q1: 20,000 shares; 2025Q2: 17,500 shares 17,500$2.36M0.01%-2,500Timeline
TCOMTRIP COM GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 40,000 shares 40,000$2.35M0.01%newTimeline
MDLZMONDELEZ INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 191,984 shares; 2024Q4: 193,884 shares; 2025Q1: 170,434 shares; 2025Q2: 32,070 shares 32,070$2.16M0.01%-138,364Timeline
FMXFOMENTO ECONOMICO MEXICANO SQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,500 shares; 2024Q4: 22,500 shares; 2025Q1: 22,500 shares; 2025Q2: 20,000 shares 20,000$2.06M0.01%-2,500Timeline
SLBSLB LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 429,849 shares; 2024Q4: 310,735 shares; 2025Q1: 106,477 shares; 2025Q2: 59,798 shares 59,798$2.02M0.01%-46,679Timeline
MMYTMAKEMYTRIP LIMITED MAURITIUSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,500 shares; 2024Q4: 17,000 shares; 2025Q1: 20,000 shares; 2025Q2: 19,000 shares 19,000$1.86M0.01%-1,000Timeline
KSPIKASPI KZ JSCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,500 shares; 2024Q4: 15,000 shares; 2025Q1: 25,000 shares; 2025Q2: 21,500 shares 21,500$1.83M0.01%-3,500Timeline
GLOBGLOBANT S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,500 shares; 2024Q4: 17,500 shares; 2025Q1: 19,000 shares; 2025Q2: 19,000 shares 19,000$1.73M0.01%0Timeline
ABNBAIRBNB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,960 shares; 2024Q4: 17,675 shares; 2025Q1: 16,899 shares; 2025Q2: 10,781 shares 10,781$1.43M0.01%-6,118Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,577 shares; 2024Q4: 2,189 shares; 2025Q1: 2,209 shares; 2025Q2: 1,989 shares 1,989$353K<0.01%-220Timeline
CDNSCADENCE DESIGN SYSTEM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,580 shares; 2024Q4: 14,580 shares; 2025Q1: not reported; 2025Q2: 997 shares 997$307K<0.01%newTimeline
CSGPCOSTAR GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,731 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,500 shares 2,500$201K<0.01%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
META PLATFORMS INCMETA PLATFORMS INC PUTput45$3.32Mnew

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
FIVERR INTL LTDFIVERR INTL LTD NOTE 11/0principal2,750,000$2.69M0
AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1principal2,700,000$2.57M0
ETSY INCETSY INC NOTE 0.250% 6/1principal2,200,000$1.89M-500,000
SNAP INCSNAP INC NOTE 5/0principal1,900,000$1.72M0
HALOZYME THERAPEUTICS INCHALOZYME THERAPEUTICS INC NOTE 0.250% 3/0principal1,500,000$1.5M0
JAZZ INVESTMENTS I LTDJAZZ INVESTMENTS I LTD NOTE 2.000% 6/1principal1,200,000$1.22M-500,000
AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0principal900,000$876K0
SNAP INCSNAP INC NOTE 0.125% 3/0principal1,000,000$868K-2,000,000
UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 0.875%12/0principal500,000$714K-500,000
UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC NOTE 12/1principal500,000$599Knew
HALOZYME THERAPEUTICS INCHALOZYME THERAPEUTICS INC NOTE 1.000% 8/1principal400,000$458K0

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
MTCHMATCH GROUP INC NEW742,895$23.2Mshares
SAIASAIA INC20,792$7.27Mshares
ETSY INCETSY INC1,600,000$1.54Mprincipal
FORD MOTOR COMPANYFORD MOTOR COMPANY1,000,000$979Kprincipal
BMYBRISTOL-MYERS SQUIBB CO11,465$699Kshares
TAT&T INC21,160$598Kshares
LLYELI LILLY & CO685$566Kshares
HIGHARTFORD INSURANCE GROUP INC4,250$526Kshares
LNGCHENIERE ENERGY INC2,125$492Kshares
UPSUNITED PARCEL SVCS INC4,225$465Kshares
ORCLORACLE CORP3,230$452Kshares
NWSANEWS CORP NEW16,355$445Kshares
UNMUNUM GROUP5,325$434Kshares
CTASCINTAS CORP1,840$378Kshares
WMWASTE MGMT INC DEL1,365$316Kshares
TRGPTARGA RES CORP1,550$311Kshares
CMECME GROUP INC1,155$306Kshares
ZTSZOETIS INC1,775$292Kshares
ISRGINTUITIVE SURGICAL INC565$280Kshares
TELTE CONNECTIVITY PLC1,915$271Kshares
CMCSACOMCAST CORP NEW6,790$251Kshares
FISVFISERV INC1,040$230Kshares
GENGEN DIGITAL INC8,610$229Kshares
DGXQUEST DIAGNOSTICS INC1,305$221Kshares
RJFRAYMOND JAMES FINL INC1,475$205Kshares
MOSMOSAIC CO7,480$202Kshares
VEEVVEEVA SYS INC865$200Kshares
FFORD MTR CO13,795$138Kshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001575677-25-000010 base2025-08-07acceptance time not in the bulk data set