# EDGAR Filing Document

**Accession Number:** 0001575677
**File Stem:** 0001575677-25-000011
**Filing Date:** 2025-8
**Character Count:** 31831
**Document Hash:** 40538551833267759b3d233b93e08561
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001575677-25-000011.hdr.sgml**: 20250819

**ACCESSION NUMBER**: 0001575677-25-000011

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250819

**EFFECTIVENESS DATE**: 20250819

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FLOSSBACH VON STORCH SE
- **CENTRAL INDEX KEY:** 0001575677

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** 2M
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16197
- **FILM NUMBER:** 251230081

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** OTTOPLATZ 1
- **CITY:** COLOGNE
- **PROVINCE COUNTRY:** 2M
- **ZIP:** 50679
- **BUSINESS PHONE:** 0049(0)22133880

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** OTTOPLATZ 1
- **CITY:** COLOGNE
- **PROVINCE COUNTRY:** 2M
- **ZIP:** 50679

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FLOSSBACH VON STORCH AG
- **DATE OF NAME CHANGE:** 20130430

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001575677

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** FLOSSBACH VON STORCH SE

**Address:** OTTOPLATZ 1, COLOGNE, 2M 50679

**Telephone number:** 00492213388159

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-16197

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                  | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                            | VOTE CATEGORY                |     SHARES VOTED |   SHARES ON LOAN | HOW VOTED   | SHARES VOTED FOR OR AGAINST MANAGEMENT   | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|:---|:---|:---|
| 3M Company                      | 88579Y101 | 05/13/2025     | Advisory approval of executive compensation.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 647450           |                0 | FOR         | 647450.0                                 | FOR                         |  |
| Abbott Laboratories             | 002824100 | 04/25/2025     | Say on Pay - An Advisory Vote on the Approval of Executive Compensation                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |      6.83368e+06 |                0 | FOR         | 6833685.0                                | FOR                         |  |
| Accenture plc                   | G1151C101 | 02/06/2025     | To approve, in a non-binding vote, the compensation of our named executive officers.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |      1.08752e+06 |                0 | FOR         | 1087524.0                                | FOR                         |  |
| Adobe Inc.                      | 00724F101 | 04/22/2025     | Approve, On An Advisory Basis, The Compensation Of Our Named Executive Officers.                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Amazon.com, Inc.                | 023135106 | 05/21/2025     | Advisory vote to approve executive compensation                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |      4.6352e+06  |                0 | FOR         | 4635195.0                                | FOR                         |  |
| American Express Company        | 025816109 | 04/29/2025     | Approval, on an advisory basis, of the Company's executive compensation.                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| AMETEK, Inc.                    | 031100100 | 05/07/2025     | Approval, by advisory vote, of the compensation of AMETEK, Inc.'s named executive officers.                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |      3.05734e+06 |                0 | FOR         | 3057344.0                                | FOR                         |  |
| Amphenol Corporation            | 032095101 | 05/15/2025     | Advisory vote to approve compensation of named executive officers                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |      9.0509e+06  |                0 | FOR         | 9050896.0                                | FOR                         |  |
| Analog Devices, Inc.            | 032654105 | 03/12/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Apple Inc.                      | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |      3.36261e+06 |                0 | FOR         | 3362614.0                                | FOR                         |  |
| Applied Materials, Inc.         | 038222105 | 03/06/2025     | Approval, on an advisory basis, of the compensation of Applied Materials  named executive officers for fiscal year 2024.                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      1.04443e+06 |                0 | FOR         | 1044427.0                                | FOR                         |  |
| Automatic Data Processing, Inc. | 053015103 | 11/06/2024     | Advisory Vote on Executive Compensation.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |  79000           |                0 | FOR         | 79000.0                                  | FOR                         |  |
| Becton, Dickinson and Company   | 075887109 | 01/28/2025     | Advisory Vote To Approve Named Executive Officer Compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |  81000           |                0 | AGAINST     | 81000.0                                  | AGAINST                     |  |
| BlackRock, Inc.                 | 09290D101 | 05/15/2025     | Approval, in a non-binding advisory vote, of the compensation for named executive officers.                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |  31650           |                0 | FOR         | 31650.0                                  | FOR                         |  |
| Booking Holdings Inc.           | 09857L108 | 06/03/2025     | Advisory vote to approve 2024 executive compensation.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Broadcom Inc.                   | 11135F101 | 04/21/2025     | Advisory vote to approve the named executive officer compensation.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Church  Dwight Co., Inc.        | 171340102 | 05/01/2025     | An advisory vote to approve compensation of our named executive officers.                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES | 109121           |                0 | FOR         | 109121.0                                 | FOR                         |  |
| Colgate-Palmolive Company       | 194162103 | 05/09/2025     | Advisory vote on executive compensation.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 236000           |                0 | FOR         | 236000.0                                 | FOR                         |  |
| ConocoPhillips                  | 20825C104 | 05/13/2025     | Advisory Approval of Executive Compensation.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Copart, Inc.                    | 217204106 | 12/06/2024     | To approve, on an advisory (non-binding) basis, the compensation of our named executive officers for the fiscal year ended                                                                                  | SECTION 14A SAY-ON-PAY VOTES | 500258           |                0 | FOR         | 500258.0                                 | FOR                         |  |
| Coupang, Inc.                   | 22266T109 | 06/12/2025     | To consider a non-binding vote to approve the compensation of Coupang, Inc's named executive officers.                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Danaher Corporation             | 235851102 | 05/06/2025     | To approve on an advisory basis the Company's named executive officer compensation.                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |      2.98442e+06 |                0 | FOR         | 2984418.0                                | FOR                         |  |
| Dollar General Corporation      | 256677105 | 05/29/2025     | To approve, on an advisory (non-binding) basis, the resolution regarding the compensation of Dollar General Corporation's named executive officers as disclosed in the proxy statement.                     | SECTION 14A SAY-ON-PAY VOTES | 931600           |                0 | FOR         | 931600.0                                 | FOR                         |  |
| Exxon Mobil Corporation         | 30231G102 | 05/28/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |  84000           |                0 | FOR         | 84000.0                                  | FOR                         |  |
| Fastenal Company                | 311900104 | 04/24/2025     | Approval, by non-binding vote, of executive compensation.                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Fortive Corporation             | 34959J108 | 06/03/2025     | To approve on an advisory basis Fortive's named executive officer compensation.                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |      1.01004e+07 |                0 | FOR         | 10100408.0                               | FOR                         |  |
| Graco Inc.                      | 384109104 | 04/25/2025     | Approval, on an advisory basis, of the compensation paid to our named executive officers as disclosed in the Proxy Statement.                                                                               | SECTION 14A SAY-ON-PAY VOTES |      3.4992e+06  |                0 | FOR         | 3499200.0                                | FOR                         |  |
| IDEX Corporation                | 45167R104 | 05/08/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES | 118000           |                0 | AGAINST     | 118000.0                                 | AGAINST                     |  |
| IDEXX Laboratories, Inc.        | 45168D104 | 05/07/2025     | Advisory Vote on Executive Compensation. To approve a nonbinding advisory resolution on the Company's executive compensation (Proposal Three).                                                              | SECTION 14A SAY-ON-PAY VOTES | 434500           |                0 | FOR         | 434500.0                                 | FOR                         |  |
| Illinois Tool Works Inc.        | 452308109 | 05/02/2025     | Advisory vote to approve compensation of ITW's named executive officers.                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 136400           |                0 | FOR         | 136400.0                                 | FOR                         |  |
| Intercontinental Exchange, Inc. | 45866F104 | 05/16/2025     | To approve, by non-binding vote, the advisory resolution on executive compensation for named executive officers.                                                                                            | SECTION 14A SAY-ON-PAY VOTES |      4.31315e+06 |                0 | FOR         | 4313152.0                                | FOR                         |  |
| Intuit Inc.                     | 461202103 | 01/23/2025     | Advisory vote to approve Intuit's executive compensation (say-on-pay).                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Johnson  Johnson                | 478160104 | 04/24/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |      5.16895e+06 |                0 | FOR         | 5168953.0                                | FOR                         |  |
| Lululemon Athletica Inc.        | 550021109 | 06/11/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |      1.52e+06    |                0 | FOR         | 1520000.0                                | FOR                         |  |
| Mastercard Incorporated         | 57636Q104 | 06/24/2025     | Advisory approval of Mastercard's executive compensation                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Match Group, Inc.               | 57667L107 | 06/18/2025     | To approve a non-binding advisory resolution on executive compensation.                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| McDonald's Corporation          | 580135101 | 05/20/2025     | Advisory Vote to Approve Executive Compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 249158           |                0 | FOR         | 249158.0                                 | FOR                         |  |
| Medtronic plc                   | G5960L103 | 10/17/2024     | Approving, on an advisory basis, the Company's executive compensation.                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 654454           |                0 | FOR         | 654454.0                                 | FOR                         |  |
| MercadoLibre, Inc.              | 58733R102 | 06/17/2025     | To approve, on an advisory basis, the compensation of our named executive officers for fiscal year 2024.                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Meta Platforms, Inc.            | 30303M102 | 05/28/2025     | To approve, on a non-binding advisory basis, the compensation program for Meta Platforms, Inc.'s named executive officers as disclosed in Meta Platforms, Inc.'s proxy statement.                           | SECTION 14A SAY-ON-PAY VOTES | 202463           |                0 | FOR         | 202463.0                                 | FOR                         |  |
| Meta Platforms, Inc.            | 30303M102 | 05/28/2025     | To vote, on a non-binding advisory basis, whether a non-binding advisory vote on the compensation program for Meta Platforms, Inc.'s named executive officers should be held every one, two or three years. | SECTION 14A SAY-ON-PAY VOTES | 202463           |                0 | 1 YEAR      | 202463.0                                 | AGAINST                     |  |
| Microsoft Corporation           | 594918104 | 12/10/2024     | Advisory Vote to Approve Named Executive Officer Compensation ("say-on-pay vote").                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |      2.39766e+06 |                0 | FOR         | 2397656.0                                | FOR                         |  |
| Mondelez International, Inc.    | 609207105 | 05/21/2025     | Advisory vote to approve executive compensation                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Moody's Corporation             | 615369105 | 04/15/2025     | Advisory resolution approving executive compensation.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| MSCI Inc.                       | 55354G100 | 04/22/2025     | To approve, by advisory vote, our executive compensation.                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |  99953           |                0 | FOR         | 99953.0                                  | FOR                         |  |
| Nasdaq, Inc.                    | 631103108 | 06/11/2025     | Advisory vote to approve the Company's executive compensation as presented in the Proxy Statement                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Netflix, Inc.                   | 64110L106 | 06/05/2025     | Advisory approval of named executive officer compensation.                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| NIKE, Inc.                      | 654106103 | 09/10/2024     | To approve executive compensation by an advisory vote.                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |      2.93609e+06 |                0 | AGAINST     | 2936090.0                                | AGAINST                     |  |
| NVIDIA Corporation              | 67066G104 | 06/25/2025     | Advisory approval of our executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| O'Reilly Automotive, Inc.       | 67103H107 | 05/15/2025     | Advisory vote to approve executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Old Dominion Freight Line, Inc. | 679580100 | 05/21/2025     | Approval, on an advisory basis, of the compensation of the Company's named executive officers.                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| PepsiCo, Inc.                   | 713448108 | 05/07/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |      4.89481e+06 |                0 | FOR         | 4894806.0                                | FOR                         |  |
| Roper Technologies, Inc.        | 776696106 | 06/10/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES | 247180           |                0 | FOR         | 247180.0                                 | FOR                         |  |
| S Global Inc.                   | 78409V104 | 05/07/2025     | Approve, on an advisory basis, the executive compensation program for the Company's named executive officers, as described in the Proxy Statement.                                                          | SECTION 14A SAY-ON-PAY VOTES | 537450           |                0 | FOR         | 537450.0                                 | FOR                         |  |
| Saia, Inc.                      | 78709Y105 | 04/24/2025     | Approve on an advisory basis the compensation of Saia's Named Executive Officers.                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Salesforce, Inc.                | 79466L302 | 06/05/2025     | Approval, on an advisory basis, of the fiscal 2025 compensation of our named executive officers.                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 313971           |                0 | AGAINST     | 313971.0                                 | AGAINST                     |  |
| Starbucks Corporation           | 855244109 | 03/12/2025     | Approve, on an advisory, nonbinding basis, the compensation of our named executive officers.                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      4.3746e+06  |                0 | FOR         | 4374600.0                                | FOR                         |  |
| Stryker Corporation             | 863667101 | 05/08/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES | 185778           |                0 | FOR         | 185778.0                                 | FOR                         |  |
| The Charles Schwab Corporation  | 808513105 | 05/22/2025     | Advisory approval of named executive officer compensation                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |      9.48456e+06 |                0 | FOR         | 9484560.0                                | FOR                         |  |
| The Coca-Cola Company           | 191216100 | 04/30/2025     | Advisory vote to approve executive compensation                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| The Home Depot, Inc.            | 437076102 | 05/22/2025     | Advisory Vote to Approve Executive Compensation ( Say-on-Pay )                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| The Procter  Gamble Company     | 742718109 | 10/08/2024     | Advisory Vote to Approve the Company's Executive Compensation (the "Say on Pay vote").                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |      3.06939e+06 |                0 | FOR         | 3069389.0                                | FOR                         |  |
| The Sherwin-Williams Company    | 824348106 | 04/16/2025     | Advisory approval of the compensation of the named executive officers.                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 631626           |                0 | FOR         | 631626.0                                 | FOR                         |  |
| The TJX Companies, Inc.         | 872540109 | 06/10/2025     | Advisory approval of TJX's executive compensation (the say-on-pay vote)                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| The Walt Disney Company         | 254687106 | 03/20/2025     | Consideration of an advisory vote to approve executive compensation.                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Thermo Fisher Scientific Inc.   | 883556102 | 05/21/2025     | An advisory vote to approve named executive officer compensation.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |      1.16097e+06 |                0 | AGAINST     | 1160968.0                                | AGAINST                     |  |
| Uber Technologies, Inc.         | 90353T100 | 05/05/2025     | Advisory vote to approve 2024 named executive officer compensation.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Verisk Analytics, Inc.          | 92345Y106 | 05/20/2025     | To approve executive compensation on an advisory, non-binding basis.                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |  79754           |                0 | FOR         | 79754.0                                  | FOR                         |  |
| Visa Inc.                       | 92826C839 | 01/28/2025     | To approve, on an advisory basis, the compensation paid to our named executive officers.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      2.51117e+06 |                0 | FOR         | 2511167.0                                | FOR                         |  |
| Walmart Inc.                    | 931142103 | 06/05/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Yum China Holdings, Inc.        | 98850P109 | 05/23/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |  80000           |                0 | FOR         | 80000.0                                  | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** FLOSSBACH VON STORCH SE

**By (Signature):** Dr. Till Schmidt

**By (Printed Signature):** Dr. Till Schmidt

**By (Title):** Managing Director

**Date:** 08/19/2025