# EDGAR Filing Document

**Accession Number:** 0001575677
**File Stem:** 0001575677-23-000002
**Filing Date:** 2023-2
**Character Count:** 15623
**Document Hash:** 8aa0ca0d53703a77d2d5914292c201af
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001575677-23-000002.hdr.sgml**: 20230206

**ACCESSION NUMBER**: 0001575677-23-000002

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230206

**DATE AS OF CHANGE**: 20230206

**EFFECTIVENESS DATE**: 20230206

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FLOSSBACH VON STORCH AG
- **CENTRAL INDEX KEY:** 0001575677
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** 2M
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16197
- **FILM NUMBER:** 23588877

**BUSINESS ADDRESS:**
- **STREET 1:** OTTOPLATZ 1
- **CITY:** COLOGNE
- **STATE:** 2M
- **ZIP:** 50679
- **BUSINESS PHONE:** 0049(0)22133880

**MAIL ADDRESS:**
- **STREET 1:** OTTOPLATZ 1
- **CITY:** COLOGNE
- **STATE:** 2M
- **ZIP:** 50679

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** FLOSSBACH VON STORCH AG<br>**Address:** OTTOPLATZ 1<br>COLOGNE, 2M 50679

**Form 13F File Number:** 028-16197

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Dirk von Velsen<br>**Title:** Board Member<br>**Phone:** 004922133880

**Signature, Place, and Date of Signing:**

Dirk von Velsen  Cologne, 2M  02-06-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 119

**Form 13F Information Table Value Total:** $26196052729

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M | COM | 88579Y101 |  | 1064625776 | 8877800 | SH |  | SOLE | NONE | 8088275 | 0 | 789525 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 859273411 | 7826518 | SH |  | SOLE | NONE | 6597136 | 0 | 1229382 |
| ACCENTURE | COM | G1151C101 |  | 24312059 | 91111 | SH |  | SOLE | NONE | 1335 | 0 | 89776 |
| ACTIVISION BLIZZARD | COM | 00507V109 |  | 874792119 | 11427722 | SH |  | SOLE | NONE | 10473100 | 0 | 954622 |
| ADOBE | COM | 00724F101 |  | 708203491 | 2104429 | SH |  | SOLE | NONE | 1718791 | 0 | 385638 |
| AGNICO EAGLE MINES | COM | 008474108 |  | 345568900 | 6646834 | SH |  | SOLE | NONE | 6036599 | 0 | 610235 |
| AIRBNB | COM | 009066101 |  | 19356003 | 226386 | SH |  | SOLE | NONE | 226386 | 0 | 0 |
| ALIBABA GROUP ADR | COM | 01609W102 |  | 41278357 | 468593 | SH |  | SOLE | NONE | 466350 | 0 | 2243 |
| ALIBABA GROUP CALL | COM | 01609W902 |  | 880900 | 100 | SH | Call | SOLE | NONE | 0 | 0 | 0 |
| ALPHABET - CLASS A | COM | 02079K305 |  | 1251463408 | 14184103 | SH |  | SOLE | NONE | 10854171 | 0 | 3329932 |
| ALPHABET - CLASS C | COM | 02079K107 |  | 381539 | 4300 | SH |  | SOLE | NONE | 0 | 0 | 4300 |
| AMAZON.COM | COM | 023135106 |  | 769395144 | 9159466 | SH |  | SOLE | NONE | 7541966 | 0 | 1617500 |
| AMERICAN EXPRESS | COM | 025816109 |  | 26227398 | 177512 | SH |  | SOLE | NONE | 102140 | 0 | 75372 |
| AMETEK | COM | 031100100 |  | 311605919 | 2230217 | SH |  | SOLE | NONE | 1852714 | 0 | 377503 |
| AMPHENOL | COM | 032095101 |  | 627574128 | 8242371 | SH |  | SOLE | NONE | 7089787 | 0 | 1152584 |
| APPLE | COM | 037833100 |  | 632438303 | 4867531 | SH |  | SOLE | NONE | 3546809 | 0 | 1320722 |
| AUTOMATIC DATA PROCESSING | COM | 053015103 |  | 10703555 | 44811 | SH |  | SOLE | NONE | 37222 | 0 | 7589 |
| BARRICK GOLD | COM | 067901108 |  | 819592865 | 47706259 | SH |  | SOLE | NONE | 46074024 | 0 | 1632235 |
| BARRICK GOLD CALL | COM | 067901908 |  | 2714440 | 1580 | SH | Call | SOLE | NONE | 0 | 0 | 0 |
| BECTON DICKINSON | COM | 075887109 |  | 54588038 | 214660 | SH |  | SOLE | NONE | 67000 | 0 | 147660 |
| BERKSHIRE HATHAWAY A | COM | 084670108 |  | 937422 | 2 | SH |  | SOLE | NONE | 0 | 0 | 2 |
| BERKSHIRE HATHAWAY B | COM | 084670702 |  | 1808091784 | 5853324 | SH |  | SOLE | NONE | 4902448 | 0 | 950876 |
| BIONTECH ADR | COM | 09075V102 |  | 493130649 | 3282723 | SH |  | SOLE | NONE | 2953651 | 0 | 329072 |
| BLACK KNIGHT | COM | 09215C105 |  | 239752464 | 3882631 | SH |  | SOLE | NONE | 3882631 | 0 | 0 |
| BLACKROCK | COM | 09247X101 |  | 610168696 | 861054 | SH |  | SOLE | NONE | 661669 | 0 | 199385 |
| BOOKING HOLDINGS | COM | 09857L108 |  | 2658154 | 1319 | SH |  | SOLE | NONE | 0 | 0 | 1319 |
| CHARLES SCHWAB | COM | 808513105 |  | 930417012 | 11174838 | SH |  | SOLE | NONE | 9578968 | 0 | 1595870 |
| CHECK POINT SOFTWARE | COM | M22465104 |  | 3836778 | 30412 | SH |  | SOLE | NONE | 1959 | 0 | 28453 |
| CHURCH  DWIGHT | COM | 171340102 |  | 18830415 | 233599 | SH |  | SOLE | NONE | 206209 | 0 | 27390 |
| COCA-COLA | COM | 191216100 |  | 49783222 | 782632 | SH |  | SOLE | NONE | 10770 | 0 | 771862 |
| COGNIZANT TECHNOLOGY | COM | 192446102 |  | 18028747 | 315243 | SH |  | SOLE | NONE | 135000 | 0 | 180243 |
| COLGATE-PALMOLIVE | COM | 194162103 |  | 19558593 | 248237 | SH |  | SOLE | NONE | 203000 | 0 | 45237 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 6282556 | 53242 | SH |  | SOLE | NONE | 1885 | 0 | 51357 |
| COPART | COM | 217204106 |  | 44304477 | 727615 | SH |  | SOLE | NONE | 697729 | 0 | 29886 |
| COSTAR GROUP | COM | 22160N109 |  | 7847166 | 101542 | SH |  | SOLE | NONE | 0 | 0 | 101542 |
| COUPANG | COM | 22266T109 |  | 1765200 | 120000 | SH |  | SOLE | NONE | 120000 | 0 | 0 |
| DANAHER | COM | 235851102 |  | 679249858 | 2559151 | SH |  | SOLE | NONE | 1885885 | 0 | 673266 |
| DOCUSIGN | COM | 256163106 |  | 3512243 | 63375 | SH |  | SOLE | NONE | 4239 | 0 | 59136 |
| DOLLAR GENERAL | COM | 256677105 |  | 259507115 | 1053836 | SH |  | SOLE | NONE | 495581 | 0 | 558255 |
| ELECTRONIC ARTS | COM | 285512109 |  | 26884487 | 220040 | SH |  | SOLE | NONE | 2540 | 0 | 217500 |
| EMERSON ELECTRIC | COM | 291011104 |  | 5524699 | 57513 | SH |  | SOLE | NONE | 2827 | 0 | 54686 |
| EPAM SYSTEMS | COM | 29414B104 |  | 2949660 | 9000 | SH |  | SOLE | NONE | 9000 | 0 | 0 |
| ESTEE LAUDER | COM | 518439104 |  | 34702649 | 139868 | SH |  | SOLE | NONE | 43688 | 0 | 96180 |
| ETSY | COM | 29786A106 |  | 85990182 | 717901 | SH |  | SOLE | NONE | 440443 | 0 | 277458 |
| EXXON MOBIL | COM | 30231G102 |  | 40413148 | 366393 | SH |  | SOLE | NONE | 80220 | 0 | 286173 |
| FERRARI | COM | N3167Y103 |  | 4286282 | 20000 | SH |  | SOLE | NONE | 0 | 0 | 20000 |
| FORTIVE | COM | 34959J108 |  | 655651847 | 10204698 | SH |  | SOLE | NONE | 9211179 | 0 | 993519 |
| GLOBANT | COM | L44385109 |  | 1765680 | 10500 | SH |  | SOLE | NONE | 10500 | 0 | 0 |
| HALEON PLC ADR | COM | 405552100 |  | 111080 | 13885 | SH |  | SOLE | NONE | 0 | 0 | 13885 |
| HDFC BANK ADR | COM | 40415F101 |  | 34564905 | 505261 | SH |  | SOLE | NONE | 408243 | 0 | 97018 |
| HOME DEPOT | COM | 437076102 |  | 41601605 | 131709 | SH |  | SOLE | NONE | 65693 | 0 | 66016 |
| ICICI BANK ADR | COM | 45104G104 |  | 328350 | 15000 | SH |  | SOLE | NONE | 15000 | 0 | 0 |
| ILLINOIS TOOL WORKS | COM | 452308109 |  | 118614367 | 538422 | SH |  | SOLE | NONE | 198419 | 0 | 340003 |
| INTERCONTINENTAL EXCHANGE | COM | 45866F104 |  | 688252817 | 6708771 | SH |  | SOLE | NONE | 5766440 | 0 | 942331 |
| INTUIT | COM | 461202103 |  | 91802986 | 235864 | SH |  | SOLE | NONE | 131719 | 0 | 104145 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 957126797 | 5418210 | SH |  | SOLE | NONE | 4125800 | 0 | 1292410 |
| MARKEL | COM | 570535104 |  | 202893 | 154 | SH |  | SOLE | NONE | 0 | 0 | 154 |
| MARKETAXESS | COM | 57060D108 |  | 2342676 | 8400 | SH |  | SOLE | NONE | 0 | 0 | 8400 |
| MASTERCARD | COM | 57636Q104 |  | 650552409 | 1870855 | SH |  | SOLE | NONE | 1566874 | 0 | 303981 |
| MATCH GROUP | COM | 57667L107 |  | 335816409 | 8093912 | SH |  | SOLE | NONE | 7920295 | 0 | 173617 |
| MCDONALD'S | COM | 580135101 |  | 19183666 | 72795 | SH |  | SOLE | NONE | 2128 | 0 | 70667 |
| MEDTRONIC | COM | G5960L103 |  | 187481780 | 2412272 | SH |  | SOLE | NONE | 526039 | 0 | 1886233 |
| MERCADOLIBRE | COM | 58733R102 |  | 11233836 | 13275 | SH |  | SOLE | NONE | 9023 | 0 | 4252 |
| META PLATFORMS | COM | 30303M102 |  | 600432459 | 4989467 | SH |  | SOLE | NONE | 4402831 | 0 | 586636 |
| MICROSOFT | COM | 594918104 |  | 1288845920 | 5374222 | SH |  | SOLE | NONE | 3952617 | 0 | 1421605 |
| MONDELEZ INTERNATIONAL | COM | 609207105 |  | 21041338 | 315699 | SH |  | SOLE | NONE | 6245 | 0 | 309454 |
| MOODY'S | COM | 615369105 |  | 598846882 | 2149332 | SH |  | SOLE | NONE | 1737604 | 0 | 411728 |
| MSCI | COM | 55354G100 |  | 65473143 | 140751 | SH |  | SOLE | NONE | 111161 | 0 | 29590 |
| NASDAQ | COM | 631103108 |  | 3750141 | 61127 | SH |  | SOLE | NONE | 20819 | 0 | 40308 |
| NETEASE ADR | COM | 64110W102 |  | 2650995 | 36500 | SH |  | SOLE | NONE | 36500 | 0 | 0 |
| NETFLIX | COM | 64110L106 |  | 38101740 | 129211 | SH |  | SOLE | NONE | 0 | 0 | 129211 |
| NEWMONT | COM | 651639106 |  | 676473846 | 14332073 | SH |  | SOLE | NONE | 12997349 | 0 | 1334724 |
| NEWMONT CALL | COM | 651639906 |  | 2950000 | 625 | SH | Call | SOLE | NONE | 0 | 0 | 0 |
| NIKE | COM | 654106103 |  | 99806956 | 852978 | SH |  | SOLE | NONE | 179025 | 0 | 673953 |
| NU HOLDINGS | COM | G6683N103 |  | 1729750 | 425000 | SH |  | SOLE | NONE | 425000 | 0 | 0 |
| NVIDIA | COM | 67066G104 |  | 1607540 | 11000 | SH |  | SOLE | NONE | 11000 | 0 | 0 |
| ORACLE | COM | 68389X105 |  | 347395 | 4250 | SH |  | SOLE | NONE | 0 | 0 | 4250 |
| PAYPAL | COM | 70450Y103 |  | 117671892 | 1652231 | SH |  | SOLE | NONE | 567562 | 0 | 1084669 |
| PEPSICO | COM | 713448108 |  | 158239733 | 875898 | SH |  | SOLE | NONE | 460172 | 0 | 415726 |
| PINTEREST | COM | 72352L106 |  | 646456093 | 26625045 | SH |  | SOLE | NONE | 24902505 | 0 | 1722540 |
| PINTEREST CALL | COM | 72352L906 |  | 1383960 | 570 | SH | Call | SOLE | NONE | 0 | 0 | 0 |
| PROCTER  GAMBLE | COM | 742718109 |  | 801095236 | 5285664 | SH |  | SOLE | NONE | 4441679 | 0 | 843985 |
| ROPER TECHNOLOGIES | COM | 776696106 |  | 431506246 | 998649 | SH |  | SOLE | NONE | 850008 | 0 | 148641 |
| ROSS STORES | COM | 778296103 |  | 13644261 | 117552 | SH |  | SOLE | NONE | 0 | 0 | 117552 |
| S GLOBAL | COM | 78409V104 |  | 98394989 | 293769 | SH |  | SOLE | NONE | 133636 | 0 | 160133 |
| SALESFORCE | COM | 79466L302 |  | 487986888 | 3680420 | SH |  | SOLE | NONE | 3031377 | 0 | 649043 |
| SCHLUMBERGER | COM | 806857108 |  | 29204931 | 546295 | SH |  | SOLE | NONE | 0 | 0 | 546295 |
| SHERWIN-WILLIAMS | COM | 824348106 |  | 7815040 | 32929 | SH |  | SOLE | NONE | 32000 | 0 | 929 |
| SPOTIFY TECHNOLOGY | COM | L8681T102 |  | 35400706 | 448394 | SH |  | SOLE | NONE | 389800 | 0 | 58594 |
| STARBUCKS | COM | 855244109 |  | 1142288 | 11515 | SH |  | SOLE | NONE | 2606 | 0 | 8909 |
| STRYKER | COM | 863667101 |  | 149288772 | 610613 | SH |  | SOLE | NONE | 280371 | 0 | 330242 |
| TAIWAN SEMICONDUCTOR ADR | COM | 874039100 |  | 19516380 | 262000 | SH |  | SOLE | NONE | 262000 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWARE | COM | 874054109 |  | 3669541 | 35240 | SH |  | SOLE | NONE | 0 | 0 | 35240 |
| THERMO FISHER SCIENTIFIC | COM | 883556102 |  | 636424723 | 1155686 | SH |  | SOLE | NONE | 926245 | 0 | 229441 |
| TJX COMPANIES | COM | 872540109 |  | 18327741 | 230248 | SH |  | SOLE | NONE | 0 | 0 | 230248 |
| TRUPANION | COM | 898202106 |  | 136886400 | 2880000 | SH |  | SOLE | NONE | 2880000 | 0 | 0 |
| TWILIO | COM | 90138F102 |  | 1860480 | 38000 | SH |  | SOLE | NONE | 0 | 0 | 38000 |
| UNION PACIFIC | COM | 907818108 |  | 18554921 | 89607 | SH |  | SOLE | NONE | 4087 | 0 | 85520 |
| VERISK ANALYTICS | COM | 92345Y106 |  | 412833738 | 2340062 | SH |  | SOLE | NONE | 1794028 | 0 | 546034 |
| VERIZON COMMUNICATIONS | COM | 92343V104 |  | 12146153 | 308278 | SH |  | SOLE | NONE | 7348 | 0 | 300930 |
| VISA - CLASS A | COM | 92826C839 |  | 654561592 | 3150566 | SH |  | SOLE | NONE | 2655691 | 0 | 494875 |
| WALMART | COM | 931142103 |  | 77071798 | 543563 | SH |  | SOLE | NONE | 19564 | 0 | 523999 |
| WALT DISNEY | COM | 254687106 |  | 84017043 | 967047 | SH |  | SOLE | NONE | 20133 | 0 | 946914 |
| WIX.COM | COM | M98068105 |  | 1419818 | 18480 | SH |  | SOLE | NONE | 0 | 0 | 18480 |
| 0000 CABLE ONE 15.03.2026 | NOTE | 12685JAE5 |  | 6247636 | 7900000 | PRN |  | SOLE | NONE | 0 | 0 | 0 |
| 0000 FIVERR INTERNATIONAL 01.11.2025 | NOTE | 33835LAA3 |  | 4580681 | 5650000 | PRN |  | SOLE | NONE | 0 | 0 | 0 |
| 0000 FORD MOTOR 15.03.2026 | NOTE | 345370CZ1 |  | 1609560 | 1700000 | PRN |  | SOLE | NONE | 0 | 0 | 0 |
| 0000 NICE 15.09.2025 | NOTE | 653656AB4 |  | 5131448 | 5450000 | PRN |  | SOLE | NONE | 0 | 0 | 0 |
| 0000 SNAP 01.05.2027 | NOTE | 83304AAF3 |  | 5382685 | 7700000 | PRN |  | SOLE | NONE | 0 | 0 | 0 |
| 0000 SPOTIFY 15.03.2026 | NOTE | 84921RAB6 |  | 6616088 | 8200000 | PRN |  | SOLE | NONE | 0 | 0 | 0 |
| 0000 UBER TECHNOLOGIES 15.12.2025 | NOTE | 90353TAJ9 |  | 3640165 | 4300000 | PRN |  | SOLE | NONE | 0 | 0 | 0 |
| 0000 WIX.COM 15.08.2025 | NOTE | 92940WAD1 |  | 6899383 | 8150000 | PRN |  | SOLE | NONE | 0 | 0 | 0 |
| 0125 ETSY 01.10.2026 | NOTE | 29786AAJ5 |  | 1699935 | 1100000 | PRN |  | SOLE | NONE | 0 | 0 | 0 |
| 0250 ETSY 15.06.2028 | NOTE | 29786AAN6 |  | 9917958 | 11500000 | PRN |  | SOLE | NONE | 0 | 0 | 0 |
| 0250 SEA 15.09.2026 | NOTE | 81141RAG5 |  | 4139834 | 5600000 | PRN |  | SOLE | NONE | 0 | 0 | 0 |
| 0250 UPWORK 15.08.2026 | NOTE | 91688FAB0 |  | 5462037 | 7250000 | PRN |  | SOLE | NONE | 0 | 0 | 0 |
| 0375 AKAMAI TECHNOLOGIES 01.09.2027 | NOTE | 00971TAL5 |  | 13614580 | 14000000 | PRN |  | SOLE | NONE | 0 | 0 | 0 |
| 0375 CHEESECAKE FACTORY 15.06.2026 | NOTE | 163072AA9 |  | 6535565 | 7900000 | PRN |  | SOLE | NONE | 0 | 0 | 0 |
| 2000 JAZZ INVESTMENTS 15.06.2026 | NOTE | 472145AF8 |  | 15972192 | 13350000 | PRN |  | SOLE | NONE | 0 | 0 | 0 |

---