FLOSSBACH VON STORCH AG

Q4 2011 13F-HR Holdings

Location
Cologne, 2M
Holdings as of
12/31/2011
Date filed
6/23/2014
Form type
13F-HR
Num holdings
60
Total value ($000)
$650,777
Net value change ($000)
+96,373 (17.4%)
New positions
3
Sold out positions
2
Turnover %
2.7%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q3 2011
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
MSFT 13,521 26.6%
ZBH 13,033 122.1%
MMM 11,374 29.0%
BDX 9,794 91.5%
TMO 9,526 95.6%
AHC 9,117 136.6%
PEP 8,596 25.3%
ORCL 7,490 NEW
EMR 7,454 NEW
JNJ 6,478 33.6%
Top Reduces (Value $000, Stocks/ETFs)
WMT -11,445 -51.3%
RAYTHEON CO/ -5,329 -48.4%
TAP -3,440 -35.7%
CL -3,044 -88.4%
MO -2,011 -100.0%
PM -1,840 -84.5%
AMGN -1,809 -12.5%
COP -780 -8.0%
BRK-B -774 -15.4%
Alphabet Inc. Class C -470 -2.9%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 2,491 (0.4% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type