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	38,201	183,490	SH		SOLE	NONE	1,250	0	182,240
ABBOTT LABORATORIES	COM	002824100	669,563	13,774,180	SH		SOLE	NONE	11,299,650	0	2,474,530
ALPHABET - CLASS A	COM	02079K305	448,963	482,922	SH		SOLE	NONE	327,345	0	155,577
ALPHABET - CLASS C	COM	02079K107	909	1,000	SH		SOLE	NONE	1,000	0	0
ALTRIA GROUP	COM	02209S103	42,426	569,700	SH		SOLE	NONE	129,579	0	440,121
AMAZON.COM	COM	023135106	131,307	135,648	SH		SOLE	NONE	93,600	0	42,048
AMBEV ADR	COM	02319V103	2,745	500,000	SH		SOLE	NONE	250,000	0	250,000
AMETEK	COM	031100100	65,675	1,084,280	SH		SOLE	NONE	61,300	0	1,022,980
AMGEN	COM	031162100	226,744	1,316,520	SH		SOLE	NONE	1,030,850	0	285,670
APPLE	COM	037833100	28,360	196,915	SH		SOLE	NONE	8,850	0	188,065
AUTOMATIC DATA PROCESSING	COM	053015103	697	6,800	SH		SOLE	NONE	6,800	0	0
BAIDU ADR	COM	056752108	6,358	35,550	SH		SOLE	NONE	5,000	0	30,550
BARRICK GOLD	COM	067901108	422,088	26,529,688	SH		SOLE	NONE	22,947,863	0	3,581,825
BARRICK GOLD CALL	COM	067901908	3,023	1,900	SH	Call	SOLE	NONE	0	0	0
BERKSHIRE HATHAWAY A	COM	084670108	1,019	4	SH		SOLE	NONE	0	0	4
BERKSHIRE HATHAWAY B	COM	084670702	1,077,626	6,362,556	SH		SOLE	NONE	5,560,776	0	801,780
CHINA MOBILE ADR	COM	16941M109	1,080	20,340	SH		SOLE	NONE	0	0	20,340
CISCO SYSTEMS	COM	17275R102	1,177	37,590	SH		SOLE	NONE	0	0	37,590
COACH	COM	189754104	24,891	525,790	SH		SOLE	NONE	200,000	0	325,790
COCA-COLA	COM	191216100	146,709	3,271,105	SH		SOLE	NONE	2,416,415	0	854,690
COLGATE-PALMOLIVE	COM	194162103	21,718	292,970	SH		SOLE	NONE	27,000	0	265,970
CONOCOPHILLIPS	COM	20825C104	12,507	284,500	SH		SOLE	NONE	69,500	0	215,000
CREDICORP	COM	G2519Y108	1,256	7,000	SH		SOLE	NONE	3,500	0	3,500
DANAHER	COM	235851102	487,945	5,782,019	SH		SOLE	NONE	4,437,661	0	1,344,358
DILLARDS	COM	254067101	2,873	49,800	SH		SOLE	NONE	49,800	0	0
DR REDDY'S LABORATORIES ADR	COM	256135203	1,433	34,000	SH		SOLE	NONE	16,500	0	17,500
EBAY	COM	278642103	2,619	75,000	SH		SOLE	NONE	75,000	0	0
EMERSON ELECTRIC	COM	291011104	13,158	220,700	SH		SOLE	NONE	0	0	220,700
ESTEE LAUDER	COM	518439104	41,322	430,525	SH		SOLE	NONE	64,500	0	366,025
EXXON MOBIL	COM	30231G102	17,191	212,940	SH		SOLE	NONE	40,000	0	172,940
FACEBOOK	COM	30303M102	36,713	243,165	SH		SOLE	NONE	138,800	0	104,365
FACTSET RESEARCH SYSTEMS	COM	303075105	2,759	16,600	SH		SOLE	NONE	16,500	0	100
FEMSA ADR	COM	344419106	2,557	26,000	SH		SOLE	NONE	15,000	0	11,000
FORTIVE	COM	34959J108	100,516	1,586,683	SH		SOLE	NONE	812,688	0	773,995
GENERAL MILLS	COM	370334104	227,578	4,107,906	SH		SOLE	NONE	3,913,386	0	194,520
GILEAD SCIENCES	COM	375558103	256	3,620	SH		SOLE	NONE	0	0	3,620
GOLDCORP	COM	380956409	92,339	7,152,480	SH		SOLE	NONE	1,645,500	0	5,506,980
GRUPO SANTANDER MEXICO ADR	COM	40053C105	1,928	200,000	SH		SOLE	NONE	100,000	0	100,000
HONEYWELL INTERNATIONAL	COM	438516106	333	2,500	SH		SOLE	NONE	0	0	2,500
IBM	COM	459200101	408,578	2,656,039	SH		SOLE	NONE	2,054,479	0	601,560
INFOSYS ADR	COM	456788108	2,084	138,740	SH		SOLE	NONE	65,000	0	73,740
JOHNSON & JOHNSON	COM	478160104	172,249	1,302,057	SH		SOLE	NONE	587,550	0	714,507
L BRANDS	COM	501797104	61,074	1,133,310	SH		SOLE	NONE	216,750	0	916,560
LIBERTY INTERACTIVE A	COM	53071M104	9,816	400,000	SH		SOLE	NONE	0	0	400,000
LOWE'S COS	COM	548661107	166,651	2,149,500	SH		SOLE	NONE	2,130,000	0	19,500
MARATHON OIL	COM	565849106	12,396	1,046,100	SH		SOLE	NONE	426,100	0	620,000
MASTERCARD	COM	57636Q104	148,646	1,223,930	SH		SOLE	NONE	247,300	0	976,630
MCDONALDS	COM	580135101	7,417	48,428	SH		SOLE	NONE	0	0	48,428
MEDTRONIC	COM	G5960L103	183,890	2,072,001	SH		SOLE	NONE	387,900	0	1,684,101
MICHAEL KORS	COM	G60754101	434,004	11,972,527	SH		SOLE	NONE	10,901,577	0	1,070,950
MICROSOFT	COM	594918104	173,344	2,514,783	SH		SOLE	NONE	1,042,168	0	1,472,615
MONSANTO	COM	61166W101	520,429	4,397,000	SH		SOLE	NONE	4,397,000	0	0
MONSANTO CALL	COM	61166W901	45,687	3,860	SH	Call	SOLE	NONE	0	0	0
NATIONAL OILWELL VARCO	COM	637071101	11,429	346,950	SH		SOLE	NONE	126,300	0	220,650
NEWMONT MINING	COM	651639106	255,012	7,873,186	SH		SOLE	NONE	6,343,146	0	1,530,040
NEWMONT MINING CALL	COM	651639906	5,182	1,600	SH	Call	SOLE	NONE	0	0	0
NIKE	COM	654106103	275,527	4,669,950	SH		SOLE	NONE	3,166,500	0	1,503,450
OCCIDENTAL PETROLEUM	COM	674599105	105,709	1,765,645	SH		SOLE	NONE	547,700	0	1,217,945
ORACLE	COM	68389X105	18,736	373,670	SH		SOLE	NONE	41,700	0	331,970
PAYPAL	COM	70450Y103	53,021	987,910	SH		SOLE	NONE	203,200	0	784,710
PEPSICO	COM	713448108	2,506	21,700	SH		SOLE	NONE	0	0	21,700
PFIZER	COM	717081103	954	28,390	SH		SOLE	NONE	0	0	28,390
PHILIP MORRIS INTL.	COM	718172109	64,134	546,050	SH		SOLE	NONE	540,000	0	6,050
PRICELINE GROUP	COM	741503403	514	275	SH		SOLE	NONE	0	0	275
PROCTER & GAMBLE	COM	742718109	17,748	203,650	SH		SOLE	NONE	3,400	0	200,250
QIAGEN	COM	N72482123	3,800	114,175	SH		SOLE	NONE	0	0	114,175
QUALCOMM	COM	747525103	57,937	1,049,200	SH		SOLE	NONE	530,000	0	519,200
QUALCOMM CALL	COM	747525903	2,485	450	SH	Call	SOLE	NONE	0	0	0
ROPER TECHNOLOGIES	COM	776696106	12,468	53,850	SH		SOLE	NONE	18,350	0	35,500
ROSS STORES	COM	778296103	288,666	5,000,270	SH		SOLE	NONE	3,742,900	0	1,257,370
SCHLUMBERGER	COM	806857108	22,484	341,500	SH		SOLE	NONE	57,000	0	284,500
STAPLES	COM	855030102	136	13,530	SH		SOLE	NONE	0	0	13,530
TAIWAN SEMICONDUCTOR ADR	COM	874039100	4,038	115,500	SH		SOLE	NONE	57,500	0	58,000
THERMO FISHER SCIENTIFIC	COM	883556102	8,054	46,160	SH		SOLE	NONE	0	0	46,160
TJX COMPANIES	COM	872540109	299,651	4,152,020	SH		SOLE	NONE	2,660,800	0	1,491,220
ULTRAPAR ADR	COM	90400P101	1,671	71,000	SH		SOLE	NONE	35,000	0	36,000
UNION PACIFIC	COM	907818108	19,903	182,750	SH		SOLE	NONE	0	0	182,750
UNITED TECHNOLOGIES	COM	913017109	197,453	1,617,008	SH		SOLE	NONE	1,286,898	0	330,110
VERIZON COMMUNICATIONS	COM	92343V104	88,556	1,982,895	SH		SOLE	NONE	148,050	0	1,834,845
VISA - CLASS A	COM	92826C839	106,994	1,140,900	SH		SOLE	NONE	166,500	0	974,400
WAL-MART STORES	COM	931142103	10,496	138,688	SH		SOLE	NONE	6,000	0	132,688
WALT DISNEY	COM	254687106	5,419	51,000	SH		SOLE	NONE	0	0	51,000
WELLS FARGO	COM	949746101	29,601	534,210	SH		SOLE	NONE	210,000	0	324,210
WESTERN UNION	COM	959802109	5,525	290,000	SH		SOLE	NONE	0	0	290,000
WW GRAINGER	COM	384802104	3,683	20,400	SH		SOLE	NONE	20,400	0	0
YUM! BRANDS	COM	988498101	767	10,400	SH		SOLE	NONE	0	0	10,400
0,500 TOLL BROTHERS 15.09.2032	NOTE	88947EAM2	6,005	6,000,000	PRN		SOLE	NONE	0	0	0
0,900 PRICELINE 15.09.2021	NOTE	741503AX4	4,603	4,000,000	PRN		SOLE	NONE	0	0	0
1,000 CTRIP.COM 01.07.2020	NOTE	22943FAF7	1,161	1,000,000	PRN		SOLE	NONE	0	0	0
1,000 NUANCE COMMUNICATIONS 15.12.2035	NOTE	67020YAK6	2,901	3,000,000	PRN		SOLE	NONE	0	0	0
1,000 ON SEMICONDUCTOR 01.12.2020	NOTE	682189AK1	3,234	3,100,000	PRN		SOLE	NONE	0	0	0
1,250 HURON CONSULTING GROUP 01.10.2019	NOTE	447462AB8	5,787	6,000,000	PRN		SOLE	NONE	0	0	0
1,375 LIBERTY MEDIA 15.10.2023	NOTE	531229AB8	13,152	11,000,000	PRN		SOLE	NONE	0	0	0
1,875 JAZZ INVESTMENTS 15.08.2021	NOTE	472145AB7	7,754	7,000,000	PRN		SOLE	NONE	0	0	0
2,000 MACQUARIE INFRASTRUCTURE 01.10.2023	NOTE	55608BAB1	4,267	4,250,000	PRN		SOLE	NONE	0	0	0