Lazard Freres Gestion S.A.S.

CIK

1426748

Location

PARIS, I0

Portfolio Value

Mid $5,643,177,885

Diversification

Diversified

Filing Date

Global Rank

#765 / 8,807 ▼ 20

Top Industry

Internet Content & Information 12.7%

Period ended 4 months ago

Filed Aug 6, 2026 · 2mo

23 quarters · since Dec 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 56.8%, 23.6 effective positions, active share 56.6% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

12.2% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 16.8 quarters (12+)

Closest benchmark: the S&P 500 as of 2026-06-30, active share 56.6%; sector active share 16.5% against the combined 13F book's sector weights.

Over time 23 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

115 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

9.3%

+1.3 pts

Top 5

37.6%

+3.6 pts

Top 10

56.8%

+4.7 pts

HHI

424

Diversified+45

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	35.1%	$1,979,001,767	28
Communication Services	14.0%	$790,425,070	7
Financial Services	12.0%	$679,744,954	15
Consumer Cyclical	10.3%	$580,537,847	9
Healthcare	9.9%	$557,878,983	13
Industrials	9.0%	$506,750,818	17
Consumer Defensive	5.8%	$325,492,268	8
Basic Materials	1.7%	$98,007,548	2
Unclassified	1.4%	$76,716,814	11
Energy	0.8%	$43,476,486	2
Real Estate	0.0%	$2,775,780	1
Utilities	0.0%	$2,369,550	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
NVDA	Nvidia Corp	+455,788	1,916,325	$383,437,469
KLAC	Kla Corp	+269,012	309,186	$93,284,508
NKE	NIKE, Inc.	+138,707	1,357,892	$55,741,466
META	Meta Platforms, Inc.	+107,531	292,388	$164,699,236
MSFT	Microsoft Corp	+106,481	1,166,842	$435,255,402
AAPL	Apple Inc.	+99,830	1,355,839	$392,325,573
GOOGL	Alphabet Inc.	+87,358	1,375,171	$491,444,860
OTIS	Otis Worldwide Corp	+76,146	1,417,110	$101,465,076
AVGO	Broadcom Inc.	+74,880	306,411	$115,746,755
APH	Amphenol Corp /De/	+70,280	758,370	$133,715
RTX	RTX Corp	+50,069	1,082,603	$205,402,267
WFC	Wells Fargo & Company/Mn	+50,065	586,166	$48,440,758
EL	Estee Lauder Companies Inc	+29,584	1,138,849	$89,912,128
AMZN	Amazon Com Inc	+28,600	1,631,428	$388,834,549
V	Visa Inc.	+26,223	771,906	$264,833,229
BSX	Boston Scientific Corp	+23,627	241,113	$10,290,702
ICE	Intercontinental Exchange, Inc.	+20,487	375,371	$46,211,923
SPGI	S&P Global Inc.	+19,896	238,298	$97,049,240
PH	Parker-Hannifin Corp	+19,449	141,805	$138,702,306
MU	Micron Technology Inc	+17,392	22,562	$26,043,090
MRK	Merck & Co., Inc.	+16,923	1,149,281	$147,682,608
MSI	Motorola Solutions, Inc.	+14,188	445,079	$184,836,857
JPM	Jpmorgan Chase & Co	+13,912	185,508	$60,722,333
SPY	Spdr S&P 500 ETF Trust	+11,855	82,908	$61,913,207
DIS	Walt Disney Co	+11,794	457,055	$43,991,543
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ACN	Accenture plc	−227,324	439,707	$54,717,139
BDX	Becton Dickinson & Co	−177,743	125,504	$18,992,520
HON	Honeywell International Inc	−113,699	127,116	$28,461,272
ZTS	Zoetis Inc.	−93,403	955,904	$68,691,261
AMAT	Applied Materials Inc /De	−80,156	363,875	$263,081,625
MDLZ	Mondelez International, Inc.	−59,325	765,830	$44,295,607
ROST	Ross Stores, Inc.	−53,864	208,842	$44,452,019
WAT	Waters Corp /De/	−37,953	630	$236,275
ECL	Ecolab Inc.	−24,976	194,594	$54,215,834
DDOG	Datadog, Inc.	−17,000	1,310	$341,071
BRK-B	Berkshire Hathaway Inc	−14,390	25,077	$12,548,280
TMUS	T-Mobile US, Inc.	−12,339	205,832	$34,524,201
MDT	Medtronic plc	−10,020	1,570,835	$122,886,422
MAR	Marriott International Inc /Md/	−6,025	158,002	$58,553,961
HD	Home Depot, Inc.	−5,890	5,270	$1,858,623
MLM	Martin Marietta Materials Inc	−5,755	75,935	$43,791,714
CL	Colgate Palmolive Co	−5,483	761,286	$69,794,700
CRM	Salesforce, Inc.	−2,605	9,840	$1,541,534
AMD	Advanced Micro Devices Inc	−2,096	15,571	$9,045,349
JCI	Johnson Controls International plc	−1,700	13,085	$1,911,849
NXT	Nextpower Inc.	−1,580	9,270	$1,104,427
SNPS	Synopsys Inc	−1,330	3,450	$1,538,941
FSLR	First Solar, Inc.	−1,100	3,290	$776,308
TYL	Tyler Technologies Inc	−920	3,910	$1,143,518
GOOG	Alphabet Inc.	−652	86,821	$30,676,463
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
SW	Smurfit Westrock plc	608,900	$28,167,714
HONA	Honeywell Aerospace Inc.	55,478	$12,265,076
SUNB	Sunbelt Rentals Holdings, Inc.	106,911	$7,998,011
FEZ	State Street(R) SPDR(R) EURO STOXX 50(R) ETF	8,000	$549,440
C	Citigroup Inc	1,600	$223,936
EEM	iShares MSCI Emerging Markets ETF	3,000	$205,230
No positions match the current search.

Sold Out

Positions the filer fully exited

14 positions

Ticker	Company	Shares	Value
APP	AppLovin Corp	4,090	$1,627,820
IOT	Samsara Inc.	51,170	$1,621,577
PINS	Pinterest, Inc.	72,660	$1,332,584
CVS	CVS HEALTH Corp	16,075	$1,154,506
DUOL	Duolingo, Inc.	10,230	$1,008,371
DHR	Danaher Corp /De/	2,599	$492,770
MCD	Mcdonalds Corp	1,391	$432,308
NDSN	Nordson Corp	1,600	$425,696
MRSH	Marsh & Mclennan Companies, Inc.	2,177	$377,600
CBRE	Cbre Group, Inc.	2,340	$316,976
J	Jacobs Solutions Inc.	2,465	$313,745
BALL	BALL Corp	5,115	$302,347
NEM	NEWMONT Corp /DE/	2,000	$216,500
BABA	Alibaba Group Holding Ltd	1,625	$203,872
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

115 tracked positions · $5,643,177,885 total · filing declares 115 positions · $5,771,449 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 115 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
GOOGL	Alphabet Inc. Communication Services	Added	1,375,171	+87,358	$491,444,860	+32.7%	23	before history	8.71%
MSFT	Microsoft Corp Technology	Added	1,166,842	+106,481	$435,255,402	+10.9%	23	before history	7.71%
AAPL	Apple Inc. Technology	Added	1,355,839	+99,830	$392,325,573	+23.1%	23	before history	6.95%
AMZN	Amazon Com Inc Consumer Cyclical	Added	1,631,428	+28,600	$388,834,549	+16.5%	23	before history	6.89%
NVDA	Nvidia Corp Technology	Added	1,916,325	+455,788	$383,437,469	+50.5%	4	$182.04	6.79%
V	Visa Inc. Financial Services	Added	771,906	+26,223	$264,833,229	+17.5%	23	before history	4.69%
AMAT	Applied Materials Inc /De Technology	Reduced	363,875	-80,156	$263,081,625	+73.3%	14	unpriced	4.66%
RTX	RTX Corp Industrials	Added	1,082,603	+50,069	$205,402,267	+3.1%	23	before history	3.64%
MSI	Motorola Solutions, Inc. Technology	Added	445,079	+14,188	$184,836,857	−1.2%	23	before history	3.28%
META	Meta Platforms, Inc. Communication Services	Added	292,388	+107,531	$164,699,236	+55.7%	13	$593.06	2.92%
MRK	Merck & Co., Inc. Healthcare	Added	1,149,281	+16,923	$147,682,608	+8.4%	4	$83.09	2.62%
PH	Parker-Hannifin Corp Industrials	Added	141,805	+19,449	$138,702,306	+26.6%	4	$762.42	2.46%
MDT	Medtronic plc Healthcare	Reduced	1,570,835	-10,020	$122,886,422	−10.3%	23	before history	2.18%
AVGO	Broadcom Inc. Technology	Added	306,411	+74,880	$115,746,755	+61.5%	4	$332.45	2.05%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	120,877	+14	$113,076,807	−6.1%	23	before history	2.00%
OTIS	Otis Worldwide Corp Industrials	Added	1,417,110	+76,146	$101,465,076	−1.8%	18	$85.08	1.80%
LLY	ELI LILLY & Co Healthcare	Added	84,549	+7,173	$101,410,615	+42.5%	18	unpriced	1.80%
SPGI	S&P Global Inc. Financial Services	Added	238,298	+19,896	$97,049,240	+4.5%	16	unpriced	1.72%
KLAC	Kla Corp Technology	Added	309,186	+269,012	$93,284,508	+57.7%	15	unpriced	1.65%
EL	Estee Lauder Companies Inc Consumer Defensive	Added	1,138,849	+29,584	$89,912,128	+12.9%	4	$90.90	1.59%
MS	Morgan Stanley Financial Services	Added	401,471	+7,249	$83,923,497	+29.4%	23	before history	1.49%
CL	Colgate Palmolive Co Consumer Defensive	Reduced	761,286	-5,483	$69,794,700	+6.8%	23	before history	1.24%
ZTS	Zoetis Inc. Healthcare	Reduced	955,904	-93,403	$68,691,261	−44.6%	19	unpriced	1.22%
SPY	Spdr S&P 500 ETF Trust	Added	82,908	+11,855	$61,913,207	+34.0%	23	before history	1.10%
JPM	Jpmorgan Chase & Co Financial Services	Added	185,508	+13,912	$60,722,333	+20.3%	11	$259.83	1.08%
MAR	Marriott International Inc /Md/ Consumer Cyclical	Reduced	158,002	-6,025	$58,553,961	+9.1%	7	$268.25	1.04%
MCO	Moodys Corp /De/ Financial Services	Added	128,644	+11,476	$58,265,440	+14.0%	6	$478.63	1.03%
NKE	NIKE, Inc. Consumer Cyclical	Added	1,357,892	+138,707	$55,741,466	−13.4%	4	$68.39	0.99%
ACN	Accenture plc Technology	Reduced	439,707	-227,324	$54,717,139	−58.6%	23	before history	0.97%
ECL	Ecolab Inc. Basic Materials	Reduced	194,594	-24,976	$54,215,834	−7.2%	23	before history	0.96%
WFC	Wells Fargo & Company/Mn Financial Services	Added	586,166	+50,065	$48,440,758	+13.5%	4	$81.03	0.86%
ICE	Intercontinental Exchange, Inc. Financial Services	Added	375,371	+20,487	$46,211,923	−17.2%	23	before history	0.82%
MTD	Mettler Toledo International Inc/ Healthcare	Added	35,279	+5,437	$45,069,275	+19.7%	5	$1,233.63	0.80%
ROST	Ross Stores, Inc. Consumer Cyclical	Reduced	208,842	-53,864	$44,452,019	−21.9%	4	$142.79	0.79%
MDLZ	Mondelez International, Inc. Consumer Defensive	Reduced	765,830	-59,325	$44,295,607	−6.9%	23	before history	0.78%
DIS	Walt Disney Co Communication Services	Added	457,055	+11,794	$43,991,543	+2.5%	14	unpriced	0.78%
MLM	Martin Marietta Materials Inc Basic Materials	Reduced	75,935	-5,755	$43,791,714	−8.9%	7	$579.72	0.78%
CVX	Chevron Corp Energy	Added	258,038	+4,579	$42,772,378	−18.4%	23	before history	0.76%
IDXX	Idexx Laboratories Inc /De Healthcare	Added	75,574	+8,287	$39,785,176	+5.2%	7	$465.75	0.71%
TMUS	T-Mobile US, Inc. Communication Services	Reduced	205,832	-12,339	$34,524,201	−24.7%	18	unpriced	0.61%
GOOG	Alphabet Inc. Communication Services	Reduced	86,821	-652	$30,676,463	+22.3%	23	before history	0.54%
HON	Honeywell International Inc Industrials	Reduced	127,116	-113,699	$28,461,272	−47.7%	23	before history	0.50%
SW	Smurfit Westrock plc Consumer Cyclical	NEW	608,900	NEW	$28,167,714	NEW	1	$41.30	0.50%
MU	Micron Technology Inc Technology	Added	22,562	+17,392	$26,043,090	+1391.0%	9	$603.15	0.46%
SPOT	Spotify Technology S.A. Communication Services	Added	49,279	+7,059	$22,625,467	+10.5%	8	$509.94	0.40%
BDX	Becton Dickinson & Co Healthcare	Reduced	125,504	-177,743	$18,992,520	−60.2%	23	before history	0.34%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	25,077	-14,390	$12,548,280	−33.7%	23	before history	0.22%
HONA	Honeywell Aerospace Inc. Industrials	NEW	55,478	NEW	$12,265,076	NEW	1	unpriced	0.22%
BSX	Boston Scientific Corp Healthcare	Added	241,113	+23,627	$10,290,702	−24.6%	2	$77.48	0.18%
AMD	Advanced Micro Devices Inc Technology	Reduced	15,571	-2,096	$9,045,349	+151.7%	4	$161.38	0.16%

Showing the top 50 of 115 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.