Lazard Freres Gestion S.A.S.

CIK

1426748

Location

PARIS, I0

Portfolio Value

Mid $5,634,544,883

Diversification

Diversified

Filing Date

Global Rank

#677 / 8,633 ▲ 8

Top Industry

Internet Content & Information 12.7%

3Y Alpha vs SPY

+9.7%

Period ended 51 days ago

Filed Aug 6, 2026 · 14d

23 quarters · since Dec 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+123.7%

SPY

+76.2%

Annualised alpha

+10.0%

Max drawdown

−19.5%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

9.3%

+1.3 pts

Top 5

37.7%

+3.6 pts

Top 10

56.9%

+4.7 pts

HHI

425

Diversified+46

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	35.1%	$1,978,868,052	28
Communication Services	14.0%	$790,425,070	6
Financial Services	12.1%	$679,744,954	14
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	1.2%	$68,217,527	2
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.	+86,706	1,461,992	$522,121,323
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	$0
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	−14,396	25,078	$13,297,130
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
BAC	Bank Of America Corp /De/	−503	37,836	$2,155,895
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 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
C	Citigroup Inc	1,600	$223,936
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

104 tracked positions · $5,634,544,883 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 104 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GOOGL	Alphabet Inc. Communication Services	Added	1,461,992	+86,706	$522,121,323	+32.0%	9.27%
MSFT	Microsoft Corp Technology	Added	1,166,842	+106,481	$435,255,402	+10.9%	7.72%
AAPL	Apple Inc. Technology	Added	1,355,839	+99,830	$392,325,573	+23.1%	6.96%
AMZN	Amazon Com Inc Consumer Cyclical	Added	1,631,428	+28,600	$388,834,549	+16.5%	6.90%
NVDA	Nvidia Corp Technology	Added	1,916,325	+455,788	$383,437,469	+50.5%	6.81%
V	Visa Inc. Financial Services	Added	771,906	+26,223	$264,833,229	+17.5%	4.70%
AMAT	Applied Materials Inc /De Technology	Reduced	363,875	-80,156	$263,081,625	+73.3%	4.67%
RTX	RTX Corp Industrials	Added	1,082,603	+50,069	$205,402,267	+3.1%	3.65%
MSI	Motorola Solutions, Inc. Technology	Added	445,079	+14,188	$184,836,857	−1.2%	3.28%
META	Meta Platforms, Inc. Communication Services	Added	292,388	+107,531	$164,699,236	+55.7%	2.92%
MRK	Merck & Co., Inc. Healthcare	Added	1,149,281	+16,923	$147,682,608	+8.4%	2.62%
PH	Parker-Hannifin Corp Industrials	Added	141,805	+19,449	$138,702,306	+26.6%	2.46%
MDT	Medtronic plc Healthcare	Reduced	1,570,835	-10,020	$122,886,422	−10.3%	2.18%
AVGO	Broadcom Inc. Technology	Added	306,411	+74,880	$115,746,755	+61.5%	2.05%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	120,877	+14	$113,076,807	−6.1%	2.01%
OTIS	Otis Worldwide Corp Industrials	Added	1,417,110	+76,146	$101,465,076	−1.8%	1.80%
LLY	ELI LILLY & Co Healthcare	Added	84,549	+7,173	$101,410,615	+42.5%	1.80%
SPGI	S&P Global Inc. Financial Services	Added	238,298	+19,896	$97,049,240	+4.5%	1.72%
KLAC	Kla Corp Technology	Added	309,186	+269,012	$93,284,508	+57.7%	1.66%
EL	Estee Lauder Companies Inc Consumer Defensive	Added	1,138,849	+29,584	$89,912,128	+12.9%	1.60%
MS	Morgan Stanley Financial Services	Added	401,471	+7,249	$83,923,497	+29.4%	1.49%
CL	Colgate Palmolive Co Consumer Defensive	Reduced	761,286	-5,483	$69,794,700	+6.8%	1.24%
ZTS	Zoetis Inc. Healthcare	Reduced	955,904	-93,403	$68,691,261	−44.6%	1.22%
SPY	Spdr S&P 500 ETF Trust	Added	82,908	+11,855	$61,913,207	+34.0%	1.10%
JPM	Jpmorgan Chase & Co Financial Services	Added	185,508	+13,912	$60,722,333	+20.3%	1.08%
MAR	Marriott International Inc /Md/ Consumer Cyclical	Reduced	158,002	-6,025	$58,553,961	+9.1%	1.04%
MCO	Moodys Corp /De/ Financial Services	Added	128,644	+11,476	$58,265,440	+14.0%	1.03%
NKE	NIKE, Inc. Consumer Cyclical	Added	1,357,892	+138,707	$55,741,466	−13.4%	0.99%
ACN	Accenture plc Technology	Reduced	439,707	-227,324	$54,717,139	−58.6%	0.97%
ECL	Ecolab Inc. Basic Materials	Reduced	194,594	-24,976	$54,215,834	−7.2%	0.96%
WFC	Wells Fargo & Company/Mn Financial Services	Added	586,166	+50,065	$48,440,758	+13.5%	0.86%
ICE	Intercontinental Exchange, Inc. Financial Services	Added	375,371	+20,487	$46,211,923	−17.2%	0.82%
MTD	Mettler Toledo International Inc/ Healthcare	Added	35,279	+5,437	$45,069,275	+19.7%	0.80%
ROST	Ross Stores, Inc. Consumer Cyclical	Reduced	208,842	-53,864	$44,452,019	−21.9%	0.79%
MDLZ	Mondelez International, Inc. Consumer Defensive	Reduced	765,830	-59,325	$44,295,607	−6.9%	0.79%
DIS	Walt Disney Co Communication Services	Added	457,055	+11,794	$43,991,543	+2.5%	0.78%
MLM	Martin Marietta Materials Inc Basic Materials	Reduced	75,935	-5,755	$43,791,714	−8.9%	0.78%
CVX	Chevron Corp Energy	Added	258,038	+4,579	$42,772,378	−18.4%	0.76%
IDXX	Idexx Laboratories Inc /De Healthcare	Added	75,574	+8,287	$39,785,176	+5.2%	0.71%
TMUS	T-Mobile US, Inc. Communication Services	Reduced	205,832	-12,339	$34,524,201	−24.7%	0.61%
HON	Honeywell International Inc Industrials	Reduced	127,116	-113,699	$28,461,272	−47.7%	0.51%
SW	Smurfit Westrock plc Consumer Cyclical	NEW	608,900	NEW	$28,167,714	NEW	0.50%
MU	Micron Technology Inc Technology	Added	22,562	+17,392	$26,043,090	+1391.0%	0.46%
SPOT	Spotify Technology S.A. Communication Services	Added	49,279	+7,059	$22,625,467	+10.5%	0.40%
BDX	Becton Dickinson & Co Healthcare	Reduced	125,504	-177,743	$18,992,520	−60.2%	0.34%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	25,078	-14,396	$13,297,130	−44.5%	0.24%
HONA	Honeywell Aerospace Inc. Industrials	NEW	55,478	NEW	$12,265,076	NEW	0.22%
BSX	Boston Scientific Corp Healthcare	Added	241,113	+23,627	$10,290,702	−24.6%	0.18%
AMD	Advanced Micro Devices Inc Technology	Reduced	15,571	-2,096	$9,045,349	+151.7%	0.16%
SUNB	Sunbelt Rentals Holdings, Inc. Industrials	NEW	106,911	NEW	$7,998,011	NEW	0.14%

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.