# WORMSER FRERES GESTION

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2051288. Source: https://holderbook.com/funds/2051288-wormser-freres-gestion/

- Reported value: $177.0M
- Positions: 66
- Weight of the ten largest: 62.5%
- Filed: 2026-07-16

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $14.8M | 40,639 | 8.4% | 11 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $13.0M | 53,526 | 7.3% | 11 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $11.9M | 33,740 | 6.7% | 9 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $11.2M | 21,764 | 6.3% | 11 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $11.1M | 31,374 | 6.3% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $10.4M | 27,191 | 5.9% | 11 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $10.1M | 31,408 | 5.7% | 1 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $9.7M | 30,055 | 5.5% | 11 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $9.3M | 25,056 | 5.3% | 1 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $9.0M | 63,773 | 5.1% | 11 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $8.8M | 31,234 | 5.0% | 11 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $8.5M | 90,770 | 4.8% | 11 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $8.3M | 78,622 | 4.7% | 1 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $7.6M | 17,929 | 4.3% | 11 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $7.2M | 36,777 | 4.1% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $6.1M | 16,306 | 3.4% | 1 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $4.8M | 7,981 | 2.7% | 5 |
| ALCON AG | [ALC](https://holderbook.com/stocks/ALC/) | $2.8M | 41,575 | 1.6% | 11 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $2.8M | 35,935 | 1.6% | 11 |
| FERRARI N V | [RACE](https://holderbook.com/stocks/RACE/) | $1.1M | 3,056 | 0.6% | 11 |
| ISHARES TR | [ICLN](https://holderbook.com/stocks/ICLN/) | $1.1M | 52,235 | 0.6% | 11 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $1.0M | 3,576 | 0.6% | 7 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $736.3K | 1,750 | 0.4% | 11 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $671.2K | 560 | 0.4% | 9 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $664.9K | 5,597 | 0.4% | 11 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $355.2K | 3,285 | 0.2% | 1 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $354.1K | 4,149 | 0.2% | 1 |
| ITRON INC | [ITRI](https://holderbook.com/stocks/ITRI/) | $351.4K | 4,059 | 0.2% | 11 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $326.2K | 1,697 | 0.2% | 11 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $239.8K | 2,591 | 0.1% | 7 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $230.7K | 1,339 | 0.1% | 1 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $229.6K | 2,290 | 0.1% | 1 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $204.7K | 3,853 | 0.1% | 11 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $164.1K | 368 | 0.1% | 1 |
| ISHARES TR | [IBHG](https://holderbook.com/stocks/IBHG/) | $159.6K | 7,270 | 0.1% | 1 |
| PTC INC | [PTC](https://holderbook.com/stocks/PTC/) | $149.1K | 1,203 | 0.1% | 11 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $144.2K | 396 | 0.1% | 11 |
| ISHARES TR | [MCHI](https://holderbook.com/stocks/MCHI/) | $140.6K | 2,767 | 0.1% | 1 |
| ISHARES TR | [IBHH](https://holderbook.com/stocks/IBHH/) | $133.8K | 5,721 | 0.1% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $124.8K | 400 | 0.1% | 11 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $115.6K | 210 | 0.1% | 4 |
| GLOBAL X FDS | [COPX](https://holderbook.com/stocks/COPX/) | $70.8K | 926 | 0.0% | 1 |
| SPDR SERIES TRUST | [XME](https://holderbook.com/stocks/XME/) | $66.9K | 638 | 0.0% | 11 |
| ISHARES INC | [VEGI](https://holderbook.com/stocks/VEGI/) | $66.2K | 1,500 | 0.0% | 11 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $60.6K | 132 | 0.0% | 1 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $50.3K | 679 | 0.0% | 11 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $33.9K | 191 | 0.0% | 7 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $31.8K | 44 | 0.0% | 1 |
| VANECK ETF TRUST | [MOO](https://holderbook.com/stocks/MOO/) | $28.3K | 351 | 0.0% | 11 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $27.0K | 65 | 0.0% | 11 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $22.1K | 51 | 0.0% | 1 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $21.3K | 175 | 0.0% | 11 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $19.8K | 463 | 0.0% | 1 |
| CREDO TECHNOLOGY GROUP HOLDI | [CRDO](https://holderbook.com/stocks/CRDO/) | $19.3K | 71 | 0.0% | 1 |
| ILLUMINA INC | [ILMN](https://holderbook.com/stocks/ILMN/) | $18.5K | 105 | 0.0% | 11 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $18.4K | 52 | 0.0% | 1 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $18.1K | 118 | 0.0% | 1 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $17.4K | 36 | 0.0% | 1 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $17.1K | 51 | 0.0% | 1 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $16.7K | 64 | 0.0% | 1 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $16.2K | 66 | 0.0% | 1 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $15.8K | 62 | 0.0% | 1 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $13.7K | 16 | 0.0% | 1 |
| FAIR ISAAC CORP | [FICO](https://holderbook.com/stocks/FICO/) | $10.8K | 9 | 0.0% | 1 |
| ALIGN TECHNOLOGY INC | [ALGN](https://holderbook.com/stocks/ALGN/) | $9.9K | 59 | 0.0% | 11 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $5.4K | 28 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.2% | +14.8% | -3.6% | 98% |
| Q1 2026 | -13.2% | -4.6% | -8.6% | 100% |
| Q4 2025 | +0.6% | +2.4% | -1.7% | 99% |
| Q3 2025 | +2.5% | +7.8% | -5.3% | 100% |
| Q2 2025 | +8.7% | +10.5% | -1.7% | 100% |
| Q1 2025 | -7.1% | -4.6% | -2.5% | 99% |
| Q4 2024 | +0.5% | +2.1% | -1.6% | 100% |
| Q3 2024 | +4.8% | +5.4% | -0.6% | 97% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $177.0M | 66 |
| Q1 2026 | $138.5M | 42 |
| Q4 2025 | $176.0M | 44 |
| Q3 2025 | $179.8M | 49 |
| Q2 2025 | $168.0M | 48 |
| Q1 2025 | $163.4M | 49 |
| Q4 2024 | $168.2M | 48 |
| Q3 2024 | $163.8M | 45 |
| Q2 2024 | $153.4M | 46 |
| Q1 2024 | $146.1M | 42 |
| Q4 2023 | $123.3M | 43 |