Wormser Freres Gestion

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed February 10, 2026), Wormser Freres Gestion reported 49 stock positions worth $179.8 million. Its top holding was Microsoft (MSFT) at 7.7% of the portfolio, followed by Amazon.com (AMZN, 6.5%) and Palo Alto Networks (PANW, 6.2%). Compared with Q2 2025, it opened 2 new positions, sold out of 1, added to 31 and reduced 5. The biggest buy was MSCI (MSCI, shares +3062%) and the biggest sale an exit from Ulta Beauty (ULTA).

Most Recent 13F
Q2 2026
Location
PARIS, I0
CIK
0002051288
Portfolio Value
$179.8M (Q3 2025)
SEC Filing
0002051288-26-000003 ↗ filed Feb 10, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $146.1M Q1 2024 Q2 2024: $153.4M Q2 2024 Q3 2024: $163.8M Q3 2024 Q4 2024: $168.2M Q4 2024 Q1 2025: $163.4M Q1 2025 Q2 2025: $168.0M Q2 2025 Q3 2025: $179.8M $179.8M Q3 2025 Q4 2025: $176.0M Q4 2025 Q1 2026: $138.5M Q1 2026 Q2 2026: $177.0M Q2 2026

Holdings 49 stocks · $179.8M
MSFT Microsoft Corp. 7.74% 26,710 $13.9M Add +0.7%
AMZN Amazon.com Inc. 6.48% 52,560 $11.7M Add +2.5%
PANW Palo Alto Networks Inc. 6.21% 54,427 $11.2M Add +10.5%
PTC PTC Inc. 6.03% 53,034 $10.8M Add +1.1%
TMO Thermo Fisher Scientific Inc. 5.89% 21,672 $10.6M Add +4.2%
V Visa Inc. Class A 5.82% 30,459 $10.5M Add +3.0%
SYK Stryker Corp. 5.63% 27,186 $10.1M Add +4.4%
GOOGL Alphabet Inc. Class A 5.23% 38,430 $9.4M Add +2.7%
ECL Ecolab Inc. 4.68% 30,562 $8.4M Add +1.8%
ACN Accenture PLC Class A 4.19% 30,353 $7.5M Add +3.5%
CRM Salesforce Inc. 4.12% 31,037 $7.4M Add +3.7%
EW Edwards Lifesciences Corp. 4.11% 94,534 $7.4M Add +3.4%
ORCL Oracle Corp. 4.06% 25,804 $7.3M Add +5.1%
ALC Alcon Inc. filed as ALCON AG 4.06% 98,552 $7.3M Add +6.1%
ZTS Zoetis Inc. 3.91% 47,785 $7.0M Add +5.0%
EMR Emerson Electric Co. 3.58% 48,768 $6.4M Reduce -34.0%
NVDA Nvidia Corp. 3.37% 32,232 $6.1M Add +6.2%
MSCI MSCI Inc. 2.53% 7,968 $4.6M Add +3061.9%
ISRG Intuitive Surgical Inc. 2.32% 9,267 $4.2M Add +300.1%
VRSK Verisk Analytics Inc. 2.17% 15,439 $3.9M Add +1744.6%
ADP Automatic Data Processing 2.00% 12,144 $3.6M Add +15.8%
IAU iShares Gold Trust 1.39% 34,528 $2.5M Reduce -4.0%
RACE Ferrari NV 1.00% 3,734 $1.8M Add +43.4%
XYL Xylem Inc. 0.64% 7,857 $1.2M Add +1.8%
DHR Danaher Corp. 0.61% 5,513 $1.1M Add +3.0%
QGEN Qiagen N.V. 0.60% 24,486 $1.1M Add +24.5%
MSI Motorola Solutions Inc. 0.27% 1,058 $484K Add +13.5%
KLAC KLA Corp. 0.22% 365 $394K Add +17.7%
TTEK Tetra Tech Inc. 0.21% 11,444 $382K Add +1.5%
LLY Eli Lilly & Co. 0.21% 486 $371K Add +1.0%
ITRI Itron Inc. 0.12% 1,668 $208K Reduce -0.2%
XLE SS Energy Select Sector 0.11% 2,195 $196K No change
XME SS SPDR S&P Metals Mining 0.10% 2,000 $186K No change
GOOG Alphabet Inc. Class C 0.07% 499 $121K No change
ICLN iShares Global Clean Energy 0.06% 7,000 $108K No change
AAPL Apple Inc. 0.06% 400 $102K No change
DSGX The Descartes Systems Grp 0.04% 761 $72K Add +2013.9%
VEGI iShares MSCI Agriculture Pro 0.03% 1,500 $59K No change
MOO Vaneck Agribusiness ETF 0.03% 700 $51K No change
ABT Abbott Laboratories 0.03% 367 $49K Add +22.3%
VEEV Veeva Systems Inc. Class A 0.02% 125 $37K Add +31.6%
UNH Unitedhealth Group Inc. 0.01% 70 $24K Reduce -45.3%
FSLR First Solar Inc. 0.01% 89 $20K No change
ALGN Align Technology Inc. 0.01% 88 $11K Reduce -97.5%
META Meta Platforms Inc. Class A 0.01% 15 $11K New
ILMN Illumina Inc. 0.00% 91 $9K No change
INTC Intel Corp. 0.00% 175 $6K No change
IDXX Idexx Laboratories Inc. 0.00% 7 $4K New
CPRI Capri Holdings Ltd. 0.00% 130 $3K No change

Portfolio Sells Q2 2025 → Q3 2025
ULTA Ulta Beauty Inc. Sold out 0.00% −3.92
EMR Emerson Electric Co. Reduce -34.0% 3.58% −2.28
ALGN Align Technology Inc. Reduce -97.5% 0.01% −0.40
ITRI Itron Inc. Reduce -0.2% 0.12% −0.02
UNH Unitedhealth Group Inc. Reduce -45.3% 0.01% −0.01
IAU iShares Gold Trust Reduce -4.0% 1.39% +0.06

Portfolio Buys Q2 2025 → Q3 2025
MSCI MSCI Inc. Add +3061.9% 2.53% +2.44
VRSK Verisk Analytics Inc. Add +1744.6% 2.17% +2.02
ISRG Intuitive Surgical Inc. Add +300.1% 2.32% +1.57
GOOGL Alphabet Inc. Class A Add +2.7% 5.23% +1.31
TMO Thermo Fisher Scientific Inc. Add +4.2% 5.89% +0.87
ORCL Oracle Corp. Add +5.1% 4.06% +0.87
PTC PTC Inc. Add +1.1% 6.03% +0.65
NVDA Nvidia Corp. Add +6.2% 3.37% +0.51
RACE Ferrari NV Add +43.4% 1.00% +0.25
PANW Palo Alto Networks Inc. Add +10.5% 6.21% +0.20
ADP Automatic Data Processing Add +15.8% 2.00% +0.07
KLAC KLA Corp. Add +17.7% 0.22% +0.05
XYL Xylem Inc. Add +1.8% 0.64% +0.05
QGEN Qiagen N.V. Add +24.5% 0.60% +0.04
DSGX The Descartes Systems Grp Add +2013.9% 0.04% +0.04
MSI Motorola Solutions Inc. Add +13.5% 0.27% +0.04
META Meta Platforms Inc. Class A New 0.01% +0.01
VEEV Veeva Systems Inc. Class A Add +31.6% 0.02% +0.00
ABT Abbott Laboratories Add +22.3% 0.03% +0.00
IDXX Idexx Laboratories Inc. New 0.00% +0.00
LLY Eli Lilly & Co. Add +1.0% 0.21% −0.02
DHR Danaher Corp. Add +3.0% 0.61% −0.02
TTEK Tetra Tech Inc. Add +1.5% 0.21% −0.03
MSFT Microsoft Corp. Add +0.7% 7.74% −0.11
ECL Ecolab Inc. Add +1.8% 4.68% −0.13
EW Edwards Lifesciences Corp. Add +3.4% 4.11% −0.14
AMZN Amazon.com Inc. Add +2.5% 6.48% −0.21
ZTS Zoetis Inc. Add +5.0% 3.91% −0.31
V Visa Inc. Class A Add +3.0% 5.82% −0.43
SYK Stryker Corp. Add +4.4% 5.63% −0.51
CRM Salesforce Inc. Add +3.7% 4.12% −0.74
ALC Alcon Inc. Add +6.1% 4.06% −0.81
ACN Accenture PLC Class A Add +3.5% 4.19% −1.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 66$177.0MGOOGL, AMZN, PANW, TMO, V
Q1 2026 42$138.5MGOOGL, AMZN, TMO, MSFT, SYK
Q4 2025 44$176.0MTMO, MSFT, AMZN, GOOGL, V
Q3 2025 49$179.8MMSFT, AMZN, PANW, PTC, TMO
Q2 2025 48$168.0MMSFT, AMZN, V, SYK, PANW
Q1 2025 49$163.4MV, MSFT, AMZN, SYK, ACN
Q4 2024 48$168.2MAMZN, V, ACN, CRM, EMR
Q3 2024 45$163.8MACN, V, AMZN, ALC, SYK
Q2 2024 46$153.4MGOOGL, AMZN, V, AAPL, ACN
Q1 2024 42$146.1MV, ACN, GOOGL, AMZN, EW