Flossbach Von Storch 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M	COM	88579Y101	134,868	809,386	SH		SOLE	NONE	547,741	0	261,645
ABBOTT LABORATORIES	COM	002824100	400,653	9,578,118	SH		SOLE	NONE	7,747,441	0	1,830,677
ALPHABET - CLASS A	COM	02079K305	149,797	196,352	SH		SOLE	NONE	45,385	0	150,967
AMBEV ADR	COM	02319V103	19,741	3,811,000	SH		SOLE	NONE	970,000	0	2,841,000
AMETEK	COM	031100100	23,701	474,200	SH		SOLE	NONE	0	0	474,200
AMGEN	COM	031162100	176,877	1,179,732	SH		SOLE	NONE	882,150	0	297,582
APPLE	COM	037833100	541,167	4,965,291	SH		SOLE	NONE	3,972,191	0	993,100
AT & T	COM	00206R102	280	7,150	SH		SOLE	NONE	0	0	7,150
BAIDU ADR	COM	056752108	38,354	200,935	SH		SOLE	NONE	4,750	0	196,185
BARRICK GOLD	COM	067901108	20,625	1,518,770	SH		SOLE	NONE	530,000	0	988,770
BERKSHIRE HATHAWAY A	COM	084670108	1,067	5	SH		SOLE	NONE	0	0	5
BERKSHIRE HATHAWAY B	COM	084670702	477,304	3,364,142	SH		SOLE	NONE	3,010,512	0	353,630
CHINA MOBILE ADR	COM	16941M109	11,733	211,600	SH		SOLE	NONE	67,000	0	144,600
CISCO SYSTEMS	COM	17275R102	24,688	867,160	SH		SOLE	NONE	323,400	0	543,760
CISCO SYSTEMS CALL	COM	17275R902	3,701	1,300	SH	Call	SOLE	NONE	0	0	0
COACH	COM	189754104	23,038	574,660	SH		SOLE	NONE	10,000	0	564,660
COCA-COLA	COM	191216100	274,765	5,922,940	SH		SOLE	NONE	4,312,500	0	1,610,440
COLGATE-PALMOLIVE	COM	194162103	23,300	329,790	SH		SOLE	NONE	12,000	0	317,790
CONOCOPHILLIPS	COM	20825C104	10,603	263,300	SH		SOLE	NONE	38,000	0	225,300
CREDICORP	COM	G2519Y108	1,015	7,750	SH		SOLE	NONE	2,750	0	5,000
DANAHER	COM	235851102	258,803	2,728,263	SH		SOLE	NONE	2,324,873	0	403,390
DILLARDS	COM	254067101	15,759	185,600	SH		SOLE	NONE	125,600	0	60,000
DR REDDY'S LABORATORIES ADR	COM	256135203	1,627	36,000	SH		SOLE	NONE	13,000	0	23,000
EBAY	COM	278642103	286	12,000	SH		SOLE	NONE	0	0	12,000
EMC	COM	268648102	11,593	435,000	SH		SOLE	NONE	130,000	0	305,000
EMERSON ELECTRIC	COM	291011104	152,833	2,810,471	SH		SOLE	NONE	2,413,001	0	397,470
EXXON MOBIL	COM	30231G102	26,435	316,250	SH		SOLE	NONE	20,000	0	296,250
GOLDCORP	COM	380956409	19,064	1,174,600	SH		SOLE	NONE	505,000	0	669,600
GRUPO SANTANDER MEXICO ADR	COM	40053C105	1,553	172,000	SH		SOLE	NONE	62,000	0	110,000
HONEYWELL INTERNATIONAL	COM	438516106	8,208	73,250	SH		SOLE	NONE	0	0	73,250
IBM	COM	459200101	236,183	1,559,480	SH		SOLE	NONE	1,155,235	0	404,245
INTEL	COM	458140100	14,333	443,070	SH		SOLE	NONE	0	0	443,070
INTL FLAVORS & FRAGRANCES	COM	459506101	853	7,500	SH		SOLE	NONE	0	0	7,500
JOHNSON & JOHNSON	COM	478160104	349,510	3,230,225	SH		SOLE	NONE	2,000,400	0	1,229,825
JOHNSON & JOHNSON CALL	COM	478160904	4,869	450	SH	Call	SOLE	NONE	0	0	0
L BRANDS	COM	501797104	28,040	319,324	SH		SOLE	NONE	0	0	319,324
LIBERTY INTERACTIVE A	COM	53071M104	12,332	488,400	SH		SOLE	NONE	0	0	488,400
MARATHON OIL	COM	565849106	4,122	370,000	SH		SOLE	NONE	170,000	0	200,000
MASTERCARD	COM	57636Q104	245,138	2,594,050	SH		SOLE	NONE	1,002,800	0	1,591,250
MASTERCARD CALL	COM	57636Q904	5,670	600	SH	Call	SOLE	NONE	0	0	0
MCDONALDS	COM	580135101	23,034	183,278	SH		SOLE	NONE	0	0	183,278
MEDTRONIC	COM	G5960L103	140,699	1,875,990	SH		SOLE	NONE	459,200	0	1,416,790
MICHAEL KORS	COM	G60754101	447,217	7,851,425	SH		SOLE	NONE	6,982,125	0	869,300
MICROSOFT	COM	594918104	303,418	5,493,725	SH		SOLE	NONE	3,027,600	0	2,466,125
NATIONAL OILWELL VARCO	COM	637071101	19,168	616,350	SH		SOLE	NONE	226,100	0	390,250
NEWMONT MINING	COM	651639106	29,114	1,095,340	SH		SOLE	NONE	310,000	0	785,340
NEWMONT MINING CALL	COM	651639906	665	250	SH	Call	SOLE	NONE	0	0	0
OCCIDENTAL PETROLEUM	COM	674599105	1,786	26,100	SH		SOLE	NONE	18,000	0	8,100
ORACLE	COM	68389X105	42,874	1,048,005	SH		SOLE	NONE	188,000	0	860,005
PAYPAL	COM	70450Y103	64,374	1,667,730	SH		SOLE	NONE	8,000	0	1,659,730
PEPSICO	COM	713448108	9,952	97,110	SH		SOLE	NONE	2,500	0	94,610
PFIZER	COM	717081103	33,684	1,136,430	SH		SOLE	NONE	195,000	0	941,430
PHILIP MORRIS INTL.	COM	718172109	124,061	1,264,514	SH		SOLE	NONE	1,219,614	0	44,900
POTASH CORP SASKATCHEWAN	COM	73755L107	264	15,500	SH		SOLE	NONE	0	0	15,500
PRICELINE GROUP	COM	741503403	168,886	131,025	SH		SOLE	NONE	64,702	0	66,323
PROCTER & GAMBLE	COM	742718109	301,555	3,663,646	SH		SOLE	NONE	3,143,196	0	520,450
QIAGEN	COM	N72482107	10,183	457,000	SH		SOLE	NONE	82,000	0	375,000
QUALCOMM	COM	747525103	242,598	4,743,808	SH		SOLE	NONE	3,765,428	0	978,380
ROSS STORES	COM	778296103	1,795	31,000	SH		SOLE	NONE	0	0	31,000
SEAGATE TECHNOLOGY	COM	G7945M107	4,082	118,500	SH		SOLE	NONE	70,000	0	48,500
STAPLES	COM	855030102	149	13,530	SH		SOLE	NONE	0	0	13,530
STRYKER	COM	863667101	10,836	101,000	SH		SOLE	NONE	35,000	0	66,000
SUNCOR ENERGY	COM	867224107	1,012	36,400	SH		SOLE	NONE	36,400	0	0
TAIWAN SEMICONDUCTOR ADR	COM	874039100	3,079	117,500	SH		SOLE	NONE	42,500	0	75,000
THERMO FISHER SCIENTIFIC	COM	883556102	8,215	58,020	SH		SOLE	NONE	0	0	58,020
TJX COMPANIES	COM	872540109	71,226	909,075	SH		SOLE	NONE	4,500	0	904,575
ULTRAPAR ADR	COM	90400P101	1,060	55,000	SH		SOLE	NONE	20,000	0	35,000
UNION PACIFIC	COM	907818108	43,446	546,150	SH		SOLE	NONE	2,400	0	543,750
UNITED TECHNOLOGIES	COM	913017109	182,379	1,821,970	SH		SOLE	NONE	1,677,900	0	144,070
VERIZON COMMUNICATIONS	COM	92343V104	19,974	369,350	SH		SOLE	NONE	44,500	0	324,850
VISA - CLASS A	COM	92826C839	102,750	1,343,490	SH		SOLE	NONE	330,685	0	1,012,805
WAL-MART STORES	COM	931142103	1,815	26,500	SH		SOLE	NONE	0	0	26,500
WALT DISNEY	COM	254687106	5,065	51,000	SH		SOLE	NONE	0	0	51,000
WELLS FARGO	COM	949746101	15,185	314,000	SH		SOLE	NONE	0	0	314,000
WESTERN UNION	COM	959802109	7,099	368,000	SH		SOLE	NONE	0	0	368,000
XEROX	COM	984121103	2,961	265,310	SH		SOLE	NONE	0	0	265,310
YUM! BRANDS	COM	988498101	1,044	12,750	SH		SOLE	NONE	0	0	12,750
ZIMMER BIOMET HOLDINGS	COM	98956P102	6,824	64,000	SH		SOLE	NONE	20,000	0	44,000
0,350% PRICELINE 15.06.2020	NOTE	741503AS5	12,155	10,100,000	PRN		SOLE	NONE	0	0	0
0,500% CITRIX SYSTEMS 15.04.2019	NOTE	177376AD2	2,243	2,000,000	PRN		SOLE	NONE	0	0	0
0,500% TOLL BROTHERS 15.09.2032	NOTE	88947EAM2	5,870	6,000,000	PRN		SOLE	NONE	0	0	0
0,900% PRICELINE 15.09.2021	NOTE	741503AX4	10,753	10,660,000	PRN		SOLE	NONE	0	0	0
1,000% NAT. BANK OF ABU DHABI 12.03.2018	NOTE	M7080ZTU0	6,074	6,200,000	PRN		SOLE	NONE	0	0	0
1,000% SINA 01.12.2018	NOTE	82922RAD5	3,454	3,500,000	PRN		SOLE	NONE	0	0	0
1,375% BROCADE 01.01.2020	NOTE	111621AQ1	2,985	3,000,000	PRN		SOLE	NONE	0	0	0
1,375% LIBERTY MEDIA 15.10.2023	NOTE	531229AB8	9,987	10,000,000	PRN		SOLE	NONE	0	0	0
1,875% JAZZ INVESTMENTS 15.08.2021	NOTE	472145AB7	2,055	2,000,000	PRN		SOLE	NONE	0	0	0
2,500% LIVE NATION ENTERTAINMENT 15.05.2019	NOTE	538034AJ8	3,001	3,000,000	PRN		SOLE	NONE	0	0	0
2,950% INTEL 15.12.2035	NOTE	458140AD2	7,701	6,000,000	PRN		SOLE	NONE	0	0	0
3,000% MICRON TECHNOLOGY 15.11.2043	NOTE	595112AY9	2,785	4,000,000	PRN		SOLE	NONE	0	0	0
7,500% WELLS FARGO 15.12.2049	NOTE	949746804	4,823	4,000	PRN		SOLE	NONE	0	0	0