FLOSSBACH VON STORCH SE

New 13F: Q3 2026

FLOSSBACH VON STORCH SE filed its 13F for the quarter ended Sep 30, 2026 on Oct 28, 2026: $6.9B in AI and semiconductor stocks; $735.5M bought and $2.5B sold against its previous quarter, at the quarter's prices.

FLOSSBACH VON STORCH SE declares $8.0B in 18 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 36.0% of its $22.1B 13F portfolio. Largest positions: Alphabet (0.04% of the company) and Amazon (0.05% of the company). Over time: $8.0B in 18 of these companies for Q2 2026, against $3.3B in 16 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $692.6M and sold $622.0M of these stocks, at the quarter's prices: a net purchase of $70.6M.

Performance of its AI picks

The AI-stock portfolio FLOSSBACH VON STORCH SE declared for Q2 2026 (Form 13F), held unchanged, returned +10.1% in Q3 2026 (SMH -7.1%), ranked 104 of 1,785 active managers. Over the last 12 months, quarter after quarter: +21.2% (SMH +87.2%), ranked 1133 of 1,360 active managers. Over three years, quarter after quarter: +115.5% (SMH +325.8%), ranked 657 of 784 active managers. Over five years, quarter after quarter: +111.7% (SMH +389.8%), ranked 465 of 535 active managers. Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

  1. Alphabet (GOOGL): $1.6B, 4.4M shares, 0.04% of the company, 7.1% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  2. Amazon (AMZN): $1.3B, 5.5M shares, 0.05% of the company, 5.9% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  3. Microsoft (MSFT): $1.3B, 3.4M shares, 0.05% of the company, 5.7% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  4. Amphenol (APH): $997.4M, 11.3M shares, 0.46% of the company, 4.5% of its portfolio (added this quarter); held since Q1 2021
  5. Apple (AAPL): $930.2M, 3.2M shares, 0.02% of the company, 4.2% of its portfolio (added this quarter); held since Q4 2019 or earlier
  6. NVIDIA (NVDA): $393.5M, 2.0M shares, 0.01% of the company, 1.8% of its portfolio (added this quarter); held since Q4 2023
  7. Accenture (ACN): $309.9M, 2.5M shares, 0.41% of the company, 1.4% of its portfolio (added this quarter); held since Q3 2021
  8. Analog Devices (ADI): $215.7M, 543,130 shares, 0.11% of the company, 0.98% of its portfolio (trimmed this quarter); held since Q2 2024
  9. Meta Platforms (META): $212.6M, 377,436 shares, 0.01% of the company, 0.96% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  10. TSMC (TSM): $184.4M, 386,030 shares, 0.01% of the company, 0.83% of its portfolio (added this quarter); held since Q4 2019 or earlier
  11. Applied Materials (AMAT): $149.5M, 206,808 shares, 0.03% of the company, 0.68% of its portfolio (trimmed this quarter); held since Q2 2023
  12. Broadcom (AVGO): $145.3M, 384,529 shares, 0.01% of the company, 0.66% of its portfolio (added this quarter); held since Q1 2025
  13. Intuit (INTU): $87.9M, 336,713 shares, 0.13% of the company, 0.40% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  14. Salesforce (CRM): $60.6M, 387,019 shares, 0.05% of the company, 0.27% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  15. IBM (IBM): $58.6M, 208,507 shares, 0.02% of the company, 0.27% of its portfolio (added this quarter); held since Q3 2025

By sector

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