Lazard Freres Gestion S.A.S. Diversified Active

Name: Lazard Freres Gestion S.A.S. Q3 2026 13F Filing | 13F Explorer
Creator: Lazard Freres Gestion S.A.S.
Published: 2026-11-03

Location: Paris, France

CIK: 0001426748 · Show all filings

Period: Q3 2026 (← Previous)

Filing Date: Nov 3, 2026

Total Value: $5.954B (100.0% shares, 0.0% debt)

Holdings (116)

New Positions (3)

XOM EXXONMOBIL HOLDINGS CORP 0.0%

Value $838K Shares 5,150 Share Price $162.72 Est. Cost/Share $162.72 Unrealized @ Report Date —

NTAP NETAPP INC 0.0%

Value $252K Shares 1,200 Share Price $210.00 Est. Cost/Share $184.43 Unrealized @ Report Date +13.9%

NEM NEWMONT GOLDCO 0.0%

Value $230K Shares 2,000 Share Price $115.00 Est. Cost/Share $111.94 Unrealized @ Report Date +3.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XOM	EXXONMOBIL HOLDINGS CORP	5,150	$838K	0.0%	$162.72	$162.72	—	EXXONMOBIL HOLDINGS CORP	30233Q108
NTAP	NETAPP INC	1,200	$252K	0.0%	$210.00	$184.43	+13.9%	NETAPP INC	64110D104
NEM	NEWMONT GOLDCO	2,000	$230K	0.0%	$115.00	$111.94	+3.0%	NEWMONT CORP	651639106

Increased Positions (30)

META FACEBOOK INC/U 3.8%

Value $223M (+35.6%) Shares 308,061 (+5.4%) Share Price $725.18 Est. Cost/Share $593.42 Unrealized @ Report Date +22.2%

SPY SPDR S&P 500 1.5%

Value $87.91M (+42.0%) Shares 115,276 (+39.0%) Share Price $762.62 Est. Cost/Share $591.14 Unrealized @ Report Date +29.0%

MDT MEDTRONIC PLC 2.4%

Value $141M (+15.0%) Shares 1,637,655 (+4.3%) Share Price $86.29 Est. Cost/Share $87.33 Unrealized @ Report Date -1.2%

CVX CHEVRON CORP/U 0.9%

Value $56.07M (+31.1%) Shares 274,562 (+6.4%) Share Price $204.21 Est. Cost/Share $80.07 Unrealized @ Report Date +155.0%

ICE INTERCONTINEN 1.0%

Value $58.82M (+27.3%) Shares 386,892 (+3.1%) Share Price $152.03 Est. Cost/Share $104.78 Unrealized @ Report Date +45.1%

GOOGL ALPHABET INC A 8.1%

Value $485M (-1.4%) Shares 1,408,144 (+2.4%) Share Price $344.08 Est. Cost/Share $134.51 Unrealized @ Report Date +155.8%

SPGI S&P GLOBAL INC 1.6%

Value $97.35M (+6.1%) Shares 246,787 (+3.6%) Share Price $394.47 Est. Cost/Share $499.84 Unrealized @ Report Date -21.1%

MAR MARRIOTT INTL I 1.1%

Value $63.43M (+8.3%) Shares 178,349 (+12.9%) Share Price $355.67 Est. Cost/Share $276.17 Unrealized @ Report Date +28.8%

OTIS OTIS WORLDWIDE 1.6%

Value $96.63M (-4.8%) Shares 1,502,308 (+6.0%) Share Price $64.32 Est. Cost/Share $81.66 Unrealized @ Report Date -21.2%

COST COSTCO WHOLE 2.0%

Value $117M (+3.6%) Shares 128,648 (+6.4%) Share Price $910.34 Est. Cost/Share $710.51 Unrealized @ Report Date +28.1%

AVGO BROADCOM INC 1.9%

Value $112M (-3.3%) Shares 318,687 (+4.0%) Share Price $351.19 Est. Cost/Share $333.42 Unrealized @ Report Date +5.3%

MCO MOODY'S CORP 1.0%

Value $61.66M (+5.8%) Shares 135,773 (+5.5%) Share Price $454.13 Est. Cost/Share $477.09 Unrealized @ Report Date -4.8%

JPM JPMORGAN CHA/U 1.1%

Value $64.09M (+5.5%) Shares 193,717 (+4.4%) Share Price $330.83 Est. Cost/Share $259.73 Unrealized @ Report Date +27.4%

QQQ INVESCO QQQ 0.1%

Value $7.772M (+23.3%) Shares 10,506 (+22.7%) Share Price $739.77 Est. Cost/Share $634.06 Unrealized @ Report Date +16.7%

APH AMPHENOL CORP 2.2%

Value $132M (-1.1%) Shares 1,569,245 (+106.9%) Share Price $84.30 Est. Cost/Share $96.26 Unrealized @ Report Date -12.4%

HON HONEYWELL INTERNATIONAL -WI 0.5%

Value $27.27M (-4.2%) Shares 129,264 (+1.7%) Share Price $210.93 Est. Cost/Share $223.68 Unrealized @ Report Date —

NOW SERVICENOW 0.0%

Value $2.46M (+46.3%) Shares 18,360 (+8.4%) Share Price $133.99 Est. Cost/Share $163.53 Unrealized @ Report Date -18.1%

BSX BOSTON SCIENT/U 0.2%

Value $10.84M (+5.3%) Shares 248,254 (+3.0%) Share Price $43.65 Est. Cost/Share $76.56 Unrealized @ Report Date -43.0%

SUNB SUNBELT RENTALS HOLDINGS INC 0.1%

Value $8.505M (+6.3%) Shares 116,183 (+8.7%) Share Price $73.20 Est. Cost/Share $74.95 Unrealized @ Report Date -2.3%

JCI JOHNSON CTRL IN 0.0%

Value $2.168M (+13.4%) Shares 14,585 (+11.5%) Share Price $148.65 Est. Cost/Share $72.83 Unrealized @ Report Date +104.1%

CWEN CLEARWAY-ENERGY 0.0%

Value $897K (+29.8%) Shares 30,650 (+51.4%) Share Price $29.27 Est. Cost/Share $30.13 Unrealized @ Report Date -2.8%

CLH CLEAN HARBORS 0.0%

Value $787K (+29.2%) Shares 2,540 (+24.5%) Share Price $309.84 Est. Cost/Share $231.99 Unrealized @ Report Date +33.7%

HLT HILTON WORLD 0.0%

Value $2.105M (+7.6%) Shares 6,620 (+11.8%) Share Price $317.98 Est. Cost/Share $187.43 Unrealized @ Report Date +69.7%

ECL ECOLAB INC 0.9%

Value $54.34M (+0.2%) Shares 197,920 (+1.7%) Share Price $274.58 Est. Cost/Share $185.64 Unrealized @ Report Date +47.9%

XYL XYLEM INC 0.0%

Value $1.073M (-10.1%) Shares 10,600 (+5.0%) Share Price $101.23 Est. Cost/Share $127.31 Unrealized @ Report Date -20.5%

AWK AMERICAN WATER 0.0%

Value $1.767M (+5.4%) Shares 13,650 (+7.1%) Share Price $129.45 Est. Cost/Share $127.37 Unrealized @ Report Date +1.7%

NXT NEXTRACKER INC-CL A 0.0%

Value $1.026M (-7.1%) Shares 13,170 (+42.1%) Share Price $77.90 Est. Cost/Share $61.76 Unrealized @ Report Date +26.2%

WM WASTE MANAGEM/U 0.0%

Value $1.671M (-1.2%) Shares 8,196 (+7.9%) Share Price $203.88 Est. Cost/Share $225.18 Unrealized @ Report Date -9.4%

IEMG ISHR CORE MS EM 0.0%

Value $473K (+1.1%) Shares 5,840 (+3.2%) Share Price $80.99 Est. Cost/Share $69.91 Unrealized @ Report Date +16.1%

VTWO VANGUARD RS 200 0.0%

Value $795K (-0.4%) Shares 7,087 (+7.7%) Share Price $112.18 Est. Cost/Share $88.99 Unrealized @ Report Date +26.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
META	FACEBOOK INC/U	308,061 (+5.4%)	$223M (+35.6%)	3.8%	$725.18	$593.42	+22.2%	Facebook Inc - A - Unmanaged	30303M102
SPY	SPDR S&P 500	115,276 (+39.0%)	$87.91M (+42.0%)	1.5%	$762.62	$591.14	+29.0%	SS SPDR S&P 500 ETF TRUST-US	78462F103
MDT	MEDTRONIC PLC	1,637,655 (+4.3%)	$141M (+15.0%)	2.4%	$86.29	$87.33	-1.2%	MEDTRONIC PLC	G5960L103
CVX	CHEVRON CORP/U	274,562 (+6.4%)	$56.07M (+31.1%)	0.9%	$204.21	$80.07	+155.0%	Chevron Corp	166764100
ICE	INTERCONTINEN	386,892 (+3.1%)	$58.82M (+27.3%)	1.0%	$152.03	$104.78	+45.1%	INTERCONTINENTAL EXCHANGE IN	45866F104
GOOGL	ALPHABET INC A	1,408,144 (+2.4%)	$485M (-1.4%)	8.1%	$344.08	$134.51	+155.8%	ALPHABET INC-CL A	02079K305
SPGI	S&P GLOBAL INC	246,787 (+3.6%)	$97.35M (+6.1%)	1.6%	$394.47	$499.84	-21.1%	S&P GLOBAL INC	78409V104
MAR	MARRIOTT INTL I	178,349 (+12.9%)	$63.43M (+8.3%)	1.1%	$355.67	$276.17	+28.8%	MARRIOTT INTERNATIONAL -CL A	571903202
OTIS	OTIS WORLDWIDE	1,502,308 (+6.0%)	$96.63M (-4.8%)	1.6%	$64.32	$81.66	-21.2%	OTIS WORLDWIDE CORP	68902V107
COST	COSTCO WHOLE	128,648 (+6.4%)	$117M (+3.6%)	2.0%	$910.34	$710.51	+28.1%	COSTCO WHOLESALE CORP	22160K105
AVGO	BROADCOM INC	318,687 (+4.0%)	$112M (-3.3%)	1.9%	$351.19	$333.42	+5.3%	BROADCOM INC	11135F101
MCO	MOODY'S CORP	135,773 (+5.5%)	$61.66M (+5.8%)	1.0%	$454.13	$477.09	-4.8%	MOODY'S CORP	615369105
JPM	JPMORGAN CHA/U	193,717 (+4.4%)	$64.09M (+5.5%)	1.1%	$330.83	$259.73	+27.4%	JPMorgan Chase & Co	46625H100
QQQ	INVESCO QQQ	10,506 (+22.7%)	$7.772M (+23.3%)	0.1%	$739.77	$634.06	+16.7%	INVESCO QQQ TRUST SERIES 1	46090E103
APH	AMPHENOL CORP	1,569,245 (+106.9%)	$132M (-1.1%)	2.2%	$84.30	$96.26	-12.4%	AMPHENOL CORP-CL A	032095101
HON	HONEYWELL INTERNATIONAL -WI	129,264 (+1.7%)	$27.27M (-4.2%)	0.5%	$210.93	$223.68	—	HONEYWELL INTERNATIONAL INC	438516205
NOW	SERVICENOW	18,360 (+8.4%)	$2.46M (+46.3%)	0.0%	$133.99	$163.53	-18.1%	SERVICENOW INC	81762P102
BSX	BOSTON SCIENT/U	248,254 (+3.0%)	$10.84M (+5.3%)	0.2%	$43.65	$76.56	-43.0%	Boston Scientific Corp	101137107
SUNB	SUNBELT RENTALS HOLDINGS INC	116,183 (+8.7%)	$8.505M (+6.3%)	0.1%	$73.20	$74.95	-2.3%	SUNBELT RENTALS HOLDINGS INC	866966104
JCI	JOHNSON CTRL IN	14,585 (+11.5%)	$2.168M (+13.4%)	0.0%	$148.65	$72.83	+104.1%	JOHNSON CONTROLS INTERNATION	G51502105
CWEN	CLEARWAY-ENERGY	30,650 (+51.4%)	$897K (+29.8%)	0.0%	$29.27	$30.13	-2.8%	CLEARWAY ENERGY INC-C	18539C204
CLH	CLEAN HARBORS	2,540 (+24.5%)	$787K (+29.2%)	0.0%	$309.84	$231.99	+33.7%	CLEAN HARBORS INC	184496107
HLT	HILTON WORLD	6,620 (+11.8%)	$2.105M (+7.6%)	0.0%	$317.98	$187.43	+69.7%	HILTON WORLDWIDE HOLDINGS IN	43300A203
ECL	ECOLAB INC	197,920 (+1.7%)	$54.34M (+0.2%)	0.9%	$274.58	$185.64	+47.9%	ECOLAB INC	278865100
XYL	XYLEM INC	10,600 (+5.0%)	$1.073M (-10.1%)	0.0%	$101.23	$127.31	-20.5%	XYLEM INC	98419M100
AWK	AMERICAN WATER	13,650 (+7.1%)	$1.767M (+5.4%)	0.0%	$129.45	$127.37	+1.7%	AMERICAN WATER WORKS CO INC	030420103
NXT	NEXTRACKER INC-CL A	13,170 (+42.1%)	$1.026M (-7.1%)	0.0%	$77.90	$61.76	+26.2%	NEXTPOWER INC	65290E101
WM	WASTE MANAGEM/U	8,196 (+7.9%)	$1.671M (-1.2%)	0.0%	$203.88	$225.18	-9.4%	Waste Management Inc/U	94106L109
IEMG	ISHR CORE MS EM	5,840 (+3.2%)	$473K (+1.1%)	0.0%	$80.99	$69.91	+16.1%	ISHARES CORE MSCI EMERGING	46434G103
VTWO	VANGUARD RS 200	7,087 (+7.7%)	$795K (-0.4%)	0.0%	$112.18	$88.99	+26.1%	VANGUARD RUSSELL 2000 ETF	92206C664

Exited Positions (2)

XOM EXXON MOBIL 0.0%

Value $704K Shares 5,150 Share Price $136.70 * Est. Cost/Share $101.41 Unrealized @ Report Date +60.5%

EEM iSHR MSCI EM 0.0%

Value $205K Shares 3,000 Share Price $68.33 * Est. Cost/Share $65.31 Unrealized @ Report Date +2.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XOM	EXXON MOBIL	5,150	$704K	0.0%	$136.70 *	$101.41	+60.5%	—	30231G102
EEM	iSHR MSCI EM	3,000	$205K	0.0%	$68.33 *	$65.31	+2.3%	—	464287234

Decreased Positions (34)

MSFT MICROSOFT/MS 9.6%

Value $575M (+32.0%) Shares 1,120,117 (-4.0%) Share Price $512.90 Est. Cost/Share $273.35 Unrealized @ Report Date +87.6%

AMAT APPLIED MATLS I 2.4%

Value $144M (-45.3%) Shares 281,513 (-22.6%) Share Price $511.38 Est. Cost/Share $150.97 Unrealized @ Report Date +238.7%

NVDA NVIDIA CORP 7.2%

Value $430M (+12.3%) Shares 1,884,764 (-1.6%) Share Price $228.38 Est. Cost/Share $182.02 Unrealized @ Report Date +25.5%

KLAC KLA CORP 1.0%

Value $59.01M (-36.7%) Shares 302,709 (-2.1%) Share Price $194.93 Est. Cost/Share $1359.63 Unrealized @ Report Date -85.7%

EL ESTEE LAUDER 1.8%

Value $104M (+16.2%) Shares 1,126,165 (-1.1%) Share Price $92.77 Est. Cost/Share $90.44 Unrealized @ Report Date +2.6%

AMZN AMAZON.COM INC 6.7%

Value $399M (+2.7%) Shares 1,603,436 (-1.7%) Share Price $249.15 Est. Cost/Share $147.02 Unrealized @ Report Date +69.5%

MS MORGAN STANLEY 1.2%

Value $73.79M (-12.1%) Shares 392,354 (-2.3%) Share Price $188.08 Est. Cost/Share $69.89 Unrealized @ Report Date +169.1%

NKE NIKE INC CL B 0.8%

Value $45.62M (-18.2%) Shares 1,288,709 (-5.1%) Share Price $35.40 Est. Cost/Share $67.88 Unrealized @ Report Date -47.8%

SW SMURFIT WESTROCK PLC 0.3%

Value $19.63M (-30.3%) Shares 445,185 (-26.9%) Share Price $44.10 Est. Cost/Share $41.30 Unrealized @ Report Date +6.8%

HONA HONEYWELL AEROSPACE -WI 0.1%

Value $3.865M (-68.5%) Shares 24,941 (-55.0%) Share Price $154.97 Est. Cost/Share $240.18 Unrealized @ Report Date -35.5%

MLM MARTIN MARIETTA 0.6%

Value $35.77M (-18.3%) Shares 74,559 (-1.8%) Share Price $479.81 Est. Cost/Share $577.08 Unrealized @ Report Date -16.9%

GOOG ALPHABET INC C 0.4%

Value $23.18M (-24.4%) Shares 68,039 (-21.6%) Share Price $340.73 Est. Cost/Share $113.00 Unrealized @ Report Date +201.5%

RTX RAYTHEON TECH 3.3%

Value $199M (-3.2%) Shares 1,071,192 (-1.1%) Share Price $185.65 Est. Cost/Share $82.08 Unrealized @ Report Date +126.2%

ZTS ZOETIS INC 1.0%

Value $62.33M (-9.3%) Shares 892,537 (-6.6%) Share Price $69.83 Est. Cost/Share $182.21 Unrealized @ Report Date -61.7%

LLY LILLY ELI & CO 1.6%

Value $95.53M (-5.8%) Shares 82,560 (-2.4%) Share Price $1157.07 Est. Cost/Share $821.17 Unrealized @ Report Date +40.9%

CL COLGATE PALMO/U 1.1%

Value $64.07M (-8.2%) Shares 750,955 (-1.4%) Share Price $85.32 Est. Cost/Share $79.63 Unrealized @ Report Date +7.2%

TMUS T-MOBIL US INC 0.5%

Value $29.01M (-16.0%) Shares 177,906 (-13.6%) Share Price $163.07 Est. Cost/Share $141.73 Unrealized @ Report Date +15.1%

MRK MERCK & CO/U 2.6%

Value $152M (+3.2%) Shares 1,049,281 (-8.7%) Share Price $145.31 Est. Cost/Share $81.77 Unrealized @ Report Date +77.7%

ACN ACCENTURE PLC 1.0%

Value $58.51M (+6.9%) Shares 319,071 (-27.4%) Share Price $183.37 Est. Cost/Share $254.21 Unrealized @ Report Date -27.9%

V VISA INC 4.5%

Value $268M (+1.3%) Shares 746,876 (-3.2%) Share Price $359.33 Est. Cost/Share $234.00 Unrealized @ Report Date +53.6%

ROST ROSS STORES INC 0.8%

Value $47.64M (+7.2%) Shares 204,127 (-2.3%) Share Price $233.40 Est. Cost/Share $142.18 Unrealized @ Report Date +64.2%

MU MICRON TECHNOLO 0.4%

Value $23.03M (-11.6%) Shares 21,619 (-4.2%) Share Price $1065.08 Est. Cost/Share $603.00 Unrealized @ Report Date +76.6%

MDLZ MONDELEZ INTL/U 0.7%

Value $41.34M (-6.7%) Shares 715,039 (-6.6%) Share Price $57.82 Est. Cost/Share $56.18 Unrealized @ Report Date +2.9%

MTD METTLER INTL 0.8%

Value $47.7M (+5.8%) Shares 31,571 (-10.5%) Share Price $1510.94 Est. Cost/Share $1233.63 Unrealized @ Report Date +22.5%

DIS WALT DISNEY CO 0.8%

Value $46.25M (+5.1%) Shares 440,870 (-3.5%) Share Price $104.90 Est. Cost/Share $97.57 Unrealized @ Report Date +7.5%

AMD ADV MICRO DEV I 0.1%

Value $7.17M (-20.7%) Shares 11,721 (-24.7%) Share Price $611.72 Est. Cost/Share $161.38 Unrealized @ Report Date +279.1%

BRK/B BERKSHR HAT B/U 0.2%

Value $10.82M (-13.8%) Shares 21,730 (-13.3%) Share Price $497.93 Est. Cost/Share $329.93 Unrealized @ Report Date +50.9%

SPOT SPOTIFY TECHNOL 0.4%

Value $21.07M (-6.9%) Shares 43,221 (-12.3%) Share Price $487.38 Est. Cost/Share $509.86 Unrealized @ Report Date -4.4%

ARM ARM HOLDINGS PLC XNGS 0.0%

Value $2.905M (-34.1%) Shares 10,030 (-19.3%) Share Price $289.63 Est. Cost/Share $145.65 Unrealized @ Report Date +98.9%

HD HOME DEPOT INC 0.0%

Value $1.13M (-39.2%) Shares 3,975 (-24.6%) Share Price $284.28 Est. Cost/Share $244.01 Unrealized @ Report Date +16.6%

BDX BECTON DICKIN/U 0.3%

Value $19.46M (+2.4%) Shares 108,697 (-13.4%) Share Price $178.99 Est. Cost/Share $218.67 Unrealized @ Report Date -18.1%

IBM INTL BUS MACH 0.0%

Value $429K (-26.5%) Shares 1,953 (-6.0%) Share Price $219.66 Est. Cost/Share $203.91 Unrealized @ Report Date +7.9%

WAT WATERS CORP 0.0%

Value $239K (+1.3%) Shares 544 (-13.7%) Share Price $439.34 Est. Cost/Share $342.06 Unrealized @ Report Date +28.5%

JNJ JOHN & JOHN COM 0.0%

Value $896K (-0.2%) Shares 3,386 (-4.2%) Share Price $264.62 Est. Cost/Share $169.51 Unrealized @ Report Date +56.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT/MS	1,120,117 (-4.0%)	$575M (+32.0%)	9.6%	$512.90	$273.35	+87.6%	Microsoft Corp CFD MS	594918104
AMAT	APPLIED MATLS I	281,513 (-22.6%)	$144M (-45.3%)	2.4%	$511.38	$150.97	+238.7%	APPLIED MATERIALS INC	038222105
NVDA	NVIDIA CORP	1,884,764 (-1.6%)	$430M (+12.3%)	7.2%	$228.38	$182.02	+25.5%	NVIDIA CORP	67066G104
KLAC	KLA CORP	302,709 (-2.1%)	$59.01M (-36.7%)	1.0%	$194.93	$1359.63	-85.7%	KLA CORP	482480100
EL	ESTEE LAUDER	1,126,165 (-1.1%)	$104M (+16.2%)	1.8%	$92.77	$90.44	+2.6%	ESTEE LAUDER COMPANIES-CL A	518439104
AMZN	AMAZON.COM INC	1,603,436 (-1.7%)	$399M (+2.7%)	6.7%	$249.15	$147.02	+69.5%	AMAZON.COM INC	023135106
MS	MORGAN STANLEY	392,354 (-2.3%)	$73.79M (-12.1%)	1.2%	$188.08	$69.89	+169.1%	MORGAN STANLEY	617446448
NKE	NIKE INC CL B	1,288,709 (-5.1%)	$45.62M (-18.2%)	0.8%	$35.40	$67.88	-47.8%	NIKE INC -CL B	654106103
SW	SMURFIT WESTROCK PLC	445,185 (-26.9%)	$19.63M (-30.3%)	0.3%	$44.10	$41.30	+6.8%	SMURFIT WESTROCK PLC	G8267P108
HONA	HONEYWELL AEROSPACE -WI	24,941 (-55.0%)	$3.865M (-68.5%)	0.1%	$154.97	$240.18	-35.5%	HONEYWELL AEROSPACE INC	43849R105
MLM	MARTIN MARIETTA	74,559 (-1.8%)	$35.77M (-18.3%)	0.6%	$479.81	$577.08	-16.9%	MARTIN MARIETTA MATERIALS	573284106
GOOG	ALPHABET INC C	68,039 (-21.6%)	$23.18M (-24.4%)	0.4%	$340.73	$113.00	+201.5%	ALPHABET INC-CL C	02079K107
RTX	RAYTHEON TECH	1,071,192 (-1.1%)	$199M (-3.2%)	3.3%	$185.65	$82.08	+126.2%	RTX CORP	75513E101
ZTS	ZOETIS INC	892,537 (-6.6%)	$62.33M (-9.3%)	1.0%	$69.83	$182.21	-61.7%	ZOETIS INC	98978V103
LLY	LILLY ELI & CO	82,560 (-2.4%)	$95.53M (-5.8%)	1.6%	$1157.07	$821.17	+40.9%	ELI LILLY & CO	532457108
CL	COLGATE PALMO/U	750,955 (-1.4%)	$64.07M (-8.2%)	1.1%	$85.32	$79.63	+7.2%	Colgate Palmolive Co	194162103
TMUS	T-MOBIL US INC	177,906 (-13.6%)	$29.01M (-16.0%)	0.5%	$163.07	$141.73	+15.1%	T-MOBILE US INC	872590104
MRK	MERCK & CO/U	1,049,281 (-8.7%)	$152M (+3.2%)	2.6%	$145.31	$81.77	+77.7%	Merck & Co Inc	58933Y105
ACN	ACCENTURE PLC	319,071 (-27.4%)	$58.51M (+6.9%)	1.0%	$183.37	$254.21	-27.9%	ACCENTURE PLC-CL A	G1151C101
V	VISA INC	746,876 (-3.2%)	$268M (+1.3%)	4.5%	$359.33	$234.00	+53.6%	VISA INC-CLASS A SHARES	92826C839
ROST	ROSS STORES INC	204,127 (-2.3%)	$47.64M (+7.2%)	0.8%	$233.40	$142.18	+64.2%	ROSS STORES INC	778296103
MU	MICRON TECHNOLO	21,619 (-4.2%)	$23.03M (-11.6%)	0.4%	$1065.08	$603.00	+76.6%	MICRON TECHNOLOGY INC	595112103
MDLZ	MONDELEZ INTL/U	715,039 (-6.6%)	$41.34M (-6.7%)	0.7%	$57.82	$56.18	+2.9%	Mondelez International Inc	609207105
MTD	METTLER INTL	31,571 (-10.5%)	$47.7M (+5.8%)	0.8%	$1510.94	$1233.63	+22.5%	METTLER-TOLEDO INTERNATIONAL	592688105
DIS	WALT DISNEY CO	440,870 (-3.5%)	$46.25M (+5.1%)	0.8%	$104.90	$97.57	+7.5%	WALT DISNEY CO/THE	254687106
AMD	ADV MICRO DEV I	11,721 (-24.7%)	$7.17M (-20.7%)	0.1%	$611.72	$161.38	+279.1%	ADVANCED MICRO DEVICES	007903107
BRK/B	BERKSHR HAT B/U	21,730 (-13.3%)	$10.82M (-13.8%)	0.2%	$497.93	$329.93	+50.9%	Berkshire Hathaway Inc Cl B	084670702
SPOT	SPOTIFY TECHNOL	43,221 (-12.3%)	$21.07M (-6.9%)	0.4%	$487.38	$509.86	-4.4%	SPOTIFY TECHNOLOGY SA	L8681T102
ARM	ARM HOLDINGS PLC XNGS	10,030 (-19.3%)	$2.905M (-34.1%)	0.0%	$289.63	$145.65	+98.9%	ARM HOLDINGS PLC-ADR	042068205
HD	HOME DEPOT INC	3,975 (-24.6%)	$1.13M (-39.2%)	0.0%	$284.28	$244.01	+16.6%	HOME DEPOT INC	437076102
BDX	BECTON DICKIN/U	108,697 (-13.4%)	$19.46M (+2.4%)	0.3%	$178.99	$218.67	-18.1%	Becton Dickinson & Co	075887109
IBM	INTL BUS MACH	1,953 (-6.0%)	$429K (-26.5%)	0.0%	$219.66	$203.91	+7.9%	INTL BUSINESS MACHINES CORP	459200101
WAT	WATERS CORP	544 (-13.7%)	$239K (+1.3%)	0.0%	$439.34	$342.06	+28.5%	WATERS CORP	941848103
JNJ	JOHN & JOHN COM	3,386 (-4.2%)	$896K (-0.2%)	0.0%	$264.62	$169.51	+56.2%	JOHNSON & JOHNSON	478160104

Unchanged Positions (49)

AAPL APPLE INC/U 7.5%

Value $448M Shares 1,344,345 Share Price $333.02 Est. Cost/Share $197.02 Unrealized @ Report Date +69.0%

MSI MOTOROLA SOL 3.3%

Value $199M Shares 446,735 Share Price $445.97 Est. Cost/Share $300.88 Unrealized @ Report Date +48.2%

PH PARKER HANNIFIN 2.3%

Value $135M Shares 141,326 Share Price $955.42 Est. Cost/Share $759.92 Unrealized @ Report Date +25.7%

WFC WELLS FARGO CO 0.8%

Value $47.37M Shares 591,812 Share Price $80.05 Est. Cost/Share $80.46 Unrealized @ Report Date -0.5%

CRM SALESFORCE INC 0.0%

Value $2.258M Shares 9,840 Share Price $229.47 Est. Cost/Share $280.33 Unrealized @ Report Date -18.1%

CDNS CADENCE DES/U 0.0%

Value $2.268M Shares 6,870 Share Price $330.13 Est. Cost/Share $284.08 Unrealized @ Report Date +16.2%

CARR CARRIER GLOBAL 0.0%

Value $733K Shares 13,365 Share Price $54.84 Est. Cost/Share $33.81 Unrealized @ Report Date +62.2%

AXP AMER EXPRESS CO 0.0%

Value $1.964M Shares 6,460 Share Price $304.02 Est. Cost/Share $133.67 Unrealized @ Report Date +127.5%

PWR QUANTA SERVICES 0.0%

Value $1.779M Shares 2,770 Share Price $642.24 Est. Cost/Share $274.18 Unrealized @ Report Date +134.3%

OC OWENS CORNING 0.0%

Value $566K Shares 4,850 Share Price $116.70 Est. Cost/Share $161.89 Unrealized @ Report Date -27.9%

FSLR FIRST SOLAR INC 0.0%

Value $576K Shares 3,290 Share Price $175.08 Est. Cost/Share $181.55 Unrealized @ Report Date -3.5%

CBOE CBOE GLOBAL 0.0%

Value $1.335M Shares 4,850 Share Price $275.26 Est. Cost/Share $228.58 Unrealized @ Report Date +20.4%

TTEK TETRA TECH INC 0.0%

Value $1.098M Shares 33,330 Share Price $32.94 Est. Cost/Share $35.31 Unrealized @ Report Date -6.7%

AYI ACUITY BRANDS 0.0%

Value $619K Shares 2,000 Share Price $309.50 Est. Cost/Share $258.41 Unrealized @ Report Date +19.9%

PLD PROLOGIS INC 0.0%

Value $2.66M Shares 20,490 Share Price $129.82 Est. Cost/Share $110.85 Unrealized @ Report Date —

GS GOLDMAN SACHS 0.0%

Value $838K Shares 931 Share Price $900.11 Est. Cost/Share $844.20 Unrealized @ Report Date +6.7%

TYL TYLER TECHNOLOG 0.0%

Value $1.245M Shares 3,910 Share Price $318.41 Est. Cost/Share $563.33 Unrealized @ Report Date -43.4%

INTC INTEL CORP/U 0.0%

Value $623K Shares 5,183 Share Price $120.20 Est. Cost/Share $37.76 Unrealized @ Report Date +218.4%

BAC BANK OF AMERICA 0.0%

Value $2.059M Shares 37,836 Share Price $54.42 Est. Cost/Share $32.88 Unrealized @ Report Date +65.6%

TSLA TESLA INC 0.0%

Value $464K Shares 1,310 Share Price $354.20 Est. Cost/Share $242.39 Unrealized @ Report Date +46.4%

UBER UBER TECHNOLOGI 0.0%

Value $1.596M Shares 23,300 Share Price $68.50 Est. Cost/Share $70.51 Unrealized @ Report Date -2.8%

CAT CATERPILLAR INC 0.0%

Value $267K Shares 330 Share Price $809.09 Est. Cost/Share $692.52 Unrealized @ Report Date +17.1%

BMI BADGER METER IN 0.0%

Value $401K Shares 3,250 Share Price $123.38 Est. Cost/Share $214.80 Unrealized @ Report Date -42.5%

VRSK VERISK ANALYTIC 0.0%

Value $1.154M Shares 6,880 Share Price $167.73 Est. Cost/Share $283.23 Unrealized @ Report Date -40.7%

SYK STRYKER CORP 0.0%

Value $550K Shares 2,000 Share Price $275.00 Est. Cost/Share $214.57 Unrealized @ Report Date +28.3%

ONON ON HOLDING AG 0.0%

Value $352K Shares 11,920 Share Price $29.53 Est. Cost/Share $45.64 Unrealized @ Report Date -35.1%

IDXX IDEXX LABS CORP 0.7%

Value $39.85M Shares 76,324 Share Price $522.18 Est. Cost/Share $465.74 Unrealized @ Report Date +12.1%

PG PROCTER & GAM/U 0.1%

Value $7.336M Shares 50,500 Share Price $145.27 Est. Cost/Share $154.90 Unrealized @ Report Date -6.2%

NFLX NETFLIX INC 0.0%

Value $2.4M Shares 34,500 Share Price $69.57 Est. Cost/Share $109.27 Unrealized @ Report Date -36.3%

IJR iSHR CORE S&P/U 0.0%

Value $626K Shares 4,602 Share Price $136.03 Est. Cost/Share $99.90 Unrealized @ Report Date +36.2%

IVV iSHR CORE S&P 0.0%

Value $2.412M Shares 3,150 Share Price $765.71 Est. Cost/Share $447.30 Unrealized @ Report Date +71.2%

IJH iSHR CORE SP MC 0.0%

Value $651K Shares 9,050 Share Price $71.93 Est. Cost/Share $64.27 Unrealized @ Report Date +12.0%

SNPS SYNOPSYS INC 0.0%

Value $1.5M Shares 3,450 Share Price $434.78 Est. Cost/Share $565.46 Unrealized @ Report Date -23.1%

KO COCA COLA CO 0.0%

Value $688K Shares 8,000 Share Price $86.00 Est. Cost/Share $54.56 Unrealized @ Report Date +57.8%

IGM ISHR EXP TECH 0.0%

Value $1.201M Shares 7,110 Share Price $168.92 Est. Cost/Share $125.81 Unrealized @ Report Date +34.4%

RSP INV S&P500 EQW 0.0%

Value $1.539M Shares 7,400 Share Price $207.97 Est. Cost/Share $198.17 Unrealized @ Report Date +5.0%

VERX VERTEX INC 0.0%

Value $1.126M Shares 95,660 Share Price $11.77 Est. Cost/Share $27.95 Unrealized @ Report Date -57.9%

COTY COTY INC 0.0%

Value $159K Shares 61,160 Share Price $2.60 Est. Cost/Share $7.59 Unrealized @ Report Date -65.6%

CSCO CISCO SYS INC 0.0%

Value $299K Shares 2,780 Share Price $107.55 Est. Cost/Share $73.79 Unrealized @ Report Date +45.9%

ORCL ORACLE CORP/U 0.0%

Value $329K Shares 2,400 Share Price $137.08 Est. Cost/Share $100.39 Unrealized @ Report Date +36.8%

ABT ABBOTT LABS/U 0.0%

Value $247K Shares 2,500 Share Price $98.80 Est. Cost/Share $101.26 Unrealized @ Report Date -2.4%

DDOG DATADOG INC CL 0.0%

Value $358K Shares 1,310 Share Price $273.28 Est. Cost/Share $144.81 Unrealized @ Report Date +89.1%

C CITIGROUP INC 0.0%

Value $207K Shares 1,600 Share Price $129.38 Est. Cost/Share $130.18 Unrealized @ Report Date -0.5%

BX BLACKSTONE INC 0.0%

Value $302K Shares 2,702 Share Price $111.77 Est. Cost/Share $129.45 Unrealized @ Report Date -13.4%

PEP PEPSICO INC 0.0%

Value $210K Shares 1,665 Share Price $126.13 Est. Cost/Share $140.43 Unrealized @ Report Date -9.8%

CI CIGNA GROUP/THE 0.0%

Value $1.064M Shares 3,916 Share Price $271.71 Est. Cost/Share $298.09 Unrealized @ Report Date -8.8%

FEZ SPDR EURO 50 0.0%

Value $538K Shares 8,000 Share Price $67.25 Est. Cost/Share $66.76 Unrealized @ Report Date +0.8%

BRK/A BERKSHIRE-HAT A 0.0%

Value $747K Shares 1 Share Price $747000.00 Est. Cost/Share $483513.60 Unrealized @ Report Date +54.5%

ADI ANALOG DEVICES 0.0%

Value $731K Shares 1,844 Share Price $396.42 Est. Cost/Share $318.18 Unrealized @ Report Date +24.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AAPL	APPLE INC/U	1,344,345	$448M	7.5%	$333.02	$197.02	+69.0%	Apple Inc	037833100
MSI	MOTOROLA SOL	446,735	$199M	3.3%	$445.97	$300.88	+48.2%	MOTOROLA SOLUTIONS INC	620076307
PH	PARKER HANNIFIN	141,326	$135M	2.3%	$955.42	$759.92	+25.7%	PARKER HANNIFIN CORP	701094104
WFC	WELLS FARGO CO	591,812	$47.37M	0.8%	$80.05	$80.46	-0.5%	WELLS FARGO & CO	949746101
CRM	SALESFORCE INC	9,840	$2.258M	0.0%	$229.47	$280.33	-18.1%	SALESFORCE INC	79466L302
CDNS	CADENCE DES/U	6,870	$2.268M	0.0%	$330.13	$284.08	+16.2%	Cadence Design Systems	127387108
CARR	CARRIER GLOBAL	13,365	$733K	0.0%	$54.84	$33.81	+62.2%	CARRIER GLOBAL CORP	14448C104
AXP	AMER EXPRESS CO	6,460	$1.964M	0.0%	$304.02	$133.67	+127.5%	AMERICAN EXPRESS CO	025816109
PWR	QUANTA SERVICES	2,770	$1.779M	0.0%	$642.24	$274.18	+134.3%	QUANTA SERVICES INC	74762E102
OC	OWENS CORNING	4,850	$566K	0.0%	$116.70	$161.89	-27.9%	OWENS CORNING	690742101
FSLR	FIRST SOLAR INC	3,290	$576K	0.0%	$175.08	$181.55	-3.5%	FIRST SOLAR INC	336433107
CBOE	CBOE GLOBAL	4,850	$1.335M	0.0%	$275.26	$228.58	+20.4%	CBOE GLOBAL MARKETS INC	12503M108
TTEK	TETRA TECH INC	33,330	$1.098M	0.0%	$32.94	$35.31	-6.7%	TETRA TECH INC	88162G103
AYI	ACUITY BRANDS	2,000	$619K	0.0%	$309.50	$258.41	+19.9%	ACUITY INC	00508Y102
PLD	PROLOGIS INC	20,490	$2.66M	0.0%	$129.82	$110.85	—	PROLOGIS INC	74340W103
GS	GOLDMAN SACHS	931	$838K	0.0%	$900.11	$844.20	+6.7%	GOLDMAN SACHS GROUP INC	38141G104
TYL	TYLER TECHNOLOG	3,910	$1.245M	0.0%	$318.41	$563.33	-43.4%	TYLER TECHNOLOGIES INC	902252105
INTC	INTEL CORP/U	5,183	$623K	0.0%	$120.20	$37.76	+218.4%	Intel Corp	458140100
BAC	BANK OF AMERICA	37,836	$2.059M	0.0%	$54.42	$32.88	+65.6%	BANK OF AMERICA CORP	060505104
TSLA	TESLA INC	1,310	$464K	0.0%	$354.20	$242.39	+46.4%	TESLA INC	88160R101
UBER	UBER TECHNOLOGI	23,300	$1.596M	0.0%	$68.50	$70.51	-2.8%	UBER TECHNOLOGIES INC	90353T100
CAT	CATERPILLAR INC	330	$267K	0.0%	$809.09	$692.52	+17.1%	CATERPILLAR INC	149123101
BMI	BADGER METER IN	3,250	$401K	0.0%	$123.38	$214.80	-42.5%	BADGER METER INC	056525108
VRSK	VERISK ANALYTIC	6,880	$1.154M	0.0%	$167.73	$283.23	-40.7%	VERISK ANALYTICS INC	92345Y106
SYK	STRYKER CORP	2,000	$550K	0.0%	$275.00	$214.57	+28.3%	STRYKER CORP	863667101
ONON	ON HOLDING AG	11,920	$352K	0.0%	$29.53	$45.64	-35.1%	ON HOLDING AG-CLASS A	H5919C104
IDXX	IDEXX LABS CORP	76,324	$39.85M	0.7%	$522.18	$465.74	+12.1%	IDEXX LABORATORIES INC	45168D104
PG	PROCTER & GAM/U	50,500	$7.336M	0.1%	$145.27	$154.90	-6.2%	Procter & Gamble Co	742718109
NFLX	NETFLIX INC	34,500	$2.4M	0.0%	$69.57	$109.27	-36.3%	NETFLIX INC	64110L106
IJR	iSHR CORE S&P/U	4,602	$626K	0.0%	$136.03	$99.90	+36.2%	iShares Core S&P SmallCap ETF	464287804
IVV	iSHR CORE S&P	3,150	$2.412M	0.0%	$765.71	$447.30	+71.2%	ISHARES CORE S&P 500 ETF	464287200
IJH	iSHR CORE SP MC	9,050	$651K	0.0%	$71.93	$64.27	+12.0%	ISHARES CORE S&P MIDCAP ETF	464287507
SNPS	SYNOPSYS INC	3,450	$1.5M	0.0%	$434.78	$565.46	-23.1%	SYNOPSYS INC	871607107
KO	COCA COLA CO	8,000	$688K	0.0%	$86.00	$54.56	+57.8%	COCA-COLA CO/THE	191216100
IGM	ISHR EXP TECH	7,110	$1.201M	0.0%	$168.92	$125.81	+34.4%	ISHARES EXPANDED TECH SECTOR	464287549
RSP	INV S&P500 EQW	7,400	$1.539M	0.0%	$207.97	$198.17	+5.0%	INVESCO S&P 500 EQUAL WEIGHT	46137V357
VERX	VERTEX INC	95,660	$1.126M	0.0%	$11.77	$27.95	-57.9%	VERTEX INC - CLASS A	92538J106
COTY	COTY INC	61,160	$159K	0.0%	$2.60	$7.59	-65.6%	COTY INC-CL A	222070203
CSCO	CISCO SYS INC	2,780	$299K	0.0%	$107.55	$73.79	+45.9%	CISCO SYSTEMS INC	17275R102
ORCL	ORACLE CORP/U	2,400	$329K	0.0%	$137.08	$100.39	+36.8%	Oracle Corp	68389X105
ABT	ABBOTT LABS/U	2,500	$247K	0.0%	$98.80	$101.26	-2.4%	Abbott Laboratories	002824100
DDOG	DATADOG INC CL	1,310	$358K	0.0%	$273.28	$144.81	+89.1%	DATADOG INC - CLASS A	23804L103
C	CITIGROUP INC	1,600	$207K	0.0%	$129.38	$130.18	-0.5%	CITIGROUP INC	172967424
BX	BLACKSTONE INC	2,702	$302K	0.0%	$111.77	$129.45	-13.4%	BLACKSTONE INC	09260D107
PEP	PEPSICO INC	1,665	$210K	0.0%	$126.13	$140.43	-9.8%	PEPSICO INC	713448108
CI	CIGNA GROUP/THE	3,916	$1.064M	0.0%	$271.71	$298.09	-8.8%	THE CIGNA GROUP	125523100
FEZ	SPDR EURO 50	8,000	$538K	0.0%	$67.25	$66.76	+0.8%	STATE STREET SPDR EURO STOXX	78463X202
BRK/A	BERKSHIRE-HAT A	1	$747K	0.0%	$747000.00	$483513.60	+54.5%	BERKSHIRE HATHAWAY INC-CL A	084670108
ADI	ANALOG DEVICES	1,844	$731K	0.0%	$396.42	$318.18	+24.7%	ANALOG DEVICES INC	032654105