WORMSER FRERES GESTION

Q3 2025 13F-HR Holdings

Location
Paris, I0
Holdings as of
9/30/2025
Date filed
2/10/2026
Form type
13F-HR
Num holdings
49
Total value ($000)
$179,780
Net value change ($000)
+11,786 (7.0%)
New positions
2
Sold out positions
1
Turnover %
3.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/23/2025 Next filing: 2/10/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
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)
MSCI 4,405 3037.9%
VRSK 3,647 1397.3%
ISRG 2,911 231.4%
GOOGL 2,810 42.6%
TMO 2,156 25.6%
ORCL 1,936 36.1%
PTC 1,801 19.9%
NVDA 1,261 26.3%
PANW 1,075 10.7%
MSFT 730 5.5%
Top Reduces (Value $000, Stocks/ETFs)
ULTA -6,592 -100.0%
EMR -3,407 -34.6%
ACN -1,226 -14.0%
ALC -881 -10.8%
CRM -755 -9.3%
ALGN -668 -98.4%
SYK -186 -1.8%
ZTS -64 -0.9%
V -29 -0.3%
TTEK -23 -5.7%
Instrument mix + QoQ Δ (ex-options)
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.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type