Lazard Freres Gestion S.A.S.

CIK

1426748

Location

PARIS, I0

Portfolio Value

Small $106,715,780

Diversification

Diversified

Filing Date

Global Rank

#664 / 8,586 ▼ 20

Top Industry

Internet Content & Information 10.0%

3Y Alpha vs SPY

-7.4%

Period ended 3 months ago

Filed May 7, 2026 · 40d

22 quarters · since Dec 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+47.4%

SPY

+78.1%

Annualised alpha

-7.4%

Max drawdown

−19.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

114 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.8%

−1.4 pts

Top 5

33.2%

−1.1 pts

Top 10

51.1%

−0.9 pts

HHI

366

Diversified−15

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	33.4%	$1,683,657,394	30
Healthcare	12.3%	$621,226,669	15
Financial Services	12.1%	$608,808,562	14
Communication Services	11.7%	$591,553,700	8
Consumer Cyclical	10.2%	$515,937,227	11
Industrials	9.5%	$478,013,050	17
Consumer Defensive	6.4%	$321,235,261	8
Basic Materials	2.1%	$106,715,780	3
Energy	1.1%	$53,379,735	2
Unclassified	1.0%	$48,980,226	2
Real Estate	0.1%	$2,714,721	2
Utilities	0.0%	$2,289,554	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
MDLZ	Mondelez International, Inc.	+120,683	825,155	$47,561,934
TMUS	T-Mobile US, Inc.	+47,657	218,171	$45,822,455
NKE	NIKE, Inc.	+33,443	1,219,185	$64,397,351
OTIS	Otis Worldwide Corp	+31,804	1,340,964	$103,361,505
AAPL	Apple Inc.	+21,776	1,256,009	$318,762,524
MSFT	Microsoft Corp	+19,542	1,060,361	$392,513,831
AMZN	Amazon Com Inc	+19,008	1,602,828	$333,820,987
V	Visa Inc.	+11,114	745,683	$225,375,229
SPOT	Spotify Technology S.A.	+9,650	42,220	$20,472,900
BAC	Bank Of America Corp /De/	+8,023	38,339	$1,869,026
DDOG	Datadog, Inc.	+7,000	18,310	$2,161,495
AVGO	Broadcom Inc.	+6,933	231,531	$71,661,159
SPGI	S&P Global Inc.	+5,797	218,402	$92,895,106
COST	Costco Wholesale Corp /New	+5,230	120,863	$120,431,519
IDXX	Idexx Laboratories Inc /De	+4,290	67,287	$37,807,892
LLY	ELI LILLY & Co	+3,906	77,376	$71,168,123
WM	Waste Management Inc	+2,324	6,166	$1,416,885
JPM	Jpmorgan Chase & Co	+1,524	171,596	$50,476,679
HON	Honeywell International Inc	+1,281	240,815	$54,431,414
AWK	American Water Works Company, Inc.	+890	11,050	$1,503,794
JCI	Johnson Controls International plc	+710	14,785	$1,936,095
MLM	Martin Marietta Materials Inc	+661	81,690	$48,089,269
GS	Goldman Sachs Group Inc	+647	931	$787,616
QQQ	Invesco Qqq Trust, Series 1	+519	4,802	$2,771,618
XOM	Exxon Mobil Corp	+385	5,535	$939,068
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
MDT	Medtronic plc	−125,081	1,580,855	$136,981,085
MS	Morgan Stanley	−90,561	394,222	$64,877,114
BDX	Becton Dickinson & Co	−72,306	303,247	$47,679,525
AMAT	Applied Materials Inc /De	−68,214	444,031	$151,765,355
APH	Amphenol Corp /De/	−66,673	688,090	$86,940,171
MRK	Merck & Co., Inc.	−61,557	1,132,358	$136,211,343
ROST	Ross Stores, Inc.	−52,237	262,706	$56,910,000
BALL	BALL Corp	−46,389	5,115	$302,347
MAR	Marriott International Inc /Md/	−27,558	164,027	$53,648,310
ICE	Intercontinental Exchange, Inc.	−27,038	354,884	$55,816,155
NVDA	Nvidia Corp	−24,785	1,460,537	$254,717,652
CRM	Salesforce, Inc.	−23,409	12,445	$2,323,108
RTX	RTX Corp	−20,348	1,032,534	$199,175,808
ACN	Accenture plc	−17,826	667,031	$132,265,576
ECL	Ecolab Inc.	−17,115	219,570	$58,410,011
VERX	Vertex, Inc.	−15,060	94,940	$1,128,836
SPY	Spdr S&P 500 ETF Trust	−13,960	71,053	$46,208,608
BRK-B	Berkshire Hathaway Inc	−11,329	39,467	$18,912,586
CL	Colgate Palmolive Co	−9,928	766,769	$65,351,721
NFLX	Netflix Inc	−9,620	34,300	$3,297,945
IOT	Samsara Inc.	−8,830	51,170	$1,621,577
MSI	Motorola Solutions, Inc.	−8,755	430,891	$186,993,767
EL	Estee Lauder Companies Inc	−8,613	1,109,265	$79,611,949
ZTS	Zoetis Inc.	−7,640	1,049,307	$124,038,580
PINS	Pinterest, Inc.	−7,340	72,660	$1,332,584
No positions match the current search.

New Positions

Positions the filer opened this quarter

12 positions

Ticker	Company	Shares	Value
BSX	Boston Scientific Corp	217,486	$13,647,246
WAT	Waters Corp /De/	38,583	$11,490,017
ADI	Analog Devices Inc	1,844	$586,650
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
BX	Blackstone Inc.	2,702	$310,702
CAT	Caterpillar Inc	330	$233,791
NEM	NEWMONT Corp /DE/	2,000	$216,500
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
ADBE	Adobe Inc.	75,782	$26,522,942
OLED	Universal Display Corp \Pa\	3,000	$350,340
LAZ	Lazard, Inc.	4,500	$218,520
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

3 positions · $106,715,780 total · Basic Materials only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ECL	Ecolab Inc. Basic Materials	Reduced	219,570	-17,115	$58,410,011	−6.0%	54.73%
MLM	Martin Marietta Materials Inc Basic Materials	Added	81,690	+661	$48,089,269	−4.7%	45.06%
NEM	NEWMONT Corp /DE/ Basic Materials	NEW	2,000	NEW	$216,500	NEW	0.20%