WORMSER FRERES GESTION

Q4 2025 13F-HR Holdings

Location
Paris, I0
Holdings as of
12/31/2025
Date filed
2/10/2026
Form type
13F-HR
Num holdings
44
Total value ($000)
$176,002
Net value change ($000)
-3,778 (-2.1%)
New positions
0
Sold out positions
5
Turnover %
0.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/10/2026 Next filing: 4/15/2026 SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
DHR 7,577 693.2%
ADP 4,132 115.1%
GOOGL 2,357 25.1%
TMO 2,172 20.5%
ISRG 1,195 28.7%
CRM 1,175 15.9%
ACN 836 11.1%
ABT 824 1681.6%
AMZN 542 4.7%
ALC 500 6.9%
Top Reduces (Value $000, Stocks/ETFs)
ORCL -7,085 -97.0%
ZTS -6,765 -96.2%
EMR -6,132 -95.2%
MSFT -1,221 -8.8%
PANW -1,196 -10.7%
PTC -1,156 -10.7%
QGEN -1,060 -97.8%
ECL -553 -6.6%
RACE -543 -30.1%
XYL -427 -36.8%
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.
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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