SEC 13F Intelligence

Managers / Q1 2026

Lazard Freres Gestion S.A.S.

CIK 0001426748 · 25 RUE DE COURCELLES, PARIS, I0, 75008 · 0144130421

Reported Value
$5.1B
Q1 2026
Positions
123
Filings on Record
22
2019–present window
Filed
May 7, 2026
original filing

Summary

Lazard Freres Gestion S.a.s. reported $5.1B in U.S.-listed holdings across 123 positions for Q1 2026.

Its largest position, MSFT, represents 7.7% of the portfolio.

Compared with Q4 2025, the fund opened 14 new positions and exited 3.

Portfolio Metrics

Turnover
+3.1%
vs prior filed quarter
Top-10 Concentration
+50.7%
share of reported value
Largest Position
+7.7%
Microsoft Ms
New / Exited
14 / 3
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’20: $3.1BQ4 ’20Q1 ’21: $2.9BQ2 ’21: $3.1BQ3 ’21: $3.6BQ3 ’21Q4 ’21: $3.7BQ1 ’22: $3.3BQ2 ’22: $2.8BQ2 ’22Q3 ’22: $2.6BQ4 ’22: $2.8BQ1 ’23: $2.7BQ1 ’23Q2 ’23: $3.3BQ3 ’23: $3.1BQ4 ’23: $3.5BQ4 ’23Q1 ’24: $4.0BQ2 ’24: $4.3BQ3 ’24: $4.7BQ3 ’24Q4 ’24: $5.0BQ1 ’25: $4.1BQ2 ’25: $4.8BQ2 ’25Q3 ’25: $5.3BQ4 ’25: $5.6BQ1 ’26: $5.1BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 98.8%ETP: 1.1%REIT: 0.0%ADR: 0.0%
  • Common Stock · 98.8% · $5.0B
  • ETP · 1.1% · $56M
  • REIT · 0.0% · $2M
  • ADR · 0.0% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BSXBOSTON SCIENT/UNEW+217.5K217.5K+$14M$14M
WATWATERS CORPNEW+38.6K38.6K+$11M$11M
RSPINV S&P500 EQWNEW+7.4K7.4K+$1M$1M
IGMISHR EXP TECHNEW+7.1K7.1K+$842,000$842,000
ADIANALOG DEVICESNEW+1.8K1.8K+$586,000$586,000
DHRDANAHER CORP DENEW+2.6K2.6K+$492,000$492,000
MCDMCDONALDS CORPNEW+1.4K1.4K+$432,000$432,000
NDSNNORDSON CORP CONEW+1.6K1.6K+$425,000$425,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

123 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT/MShistory →Microsoft Corp CFD MS7.74%$393M1.06M
2GOOGLALPHABET INC Ahistory →ALPHABET INC-CL A7.30%$370M1.29M
3AMZNAMAZON.COM INChistory →AMAZON.COM INC6.58%$334M1.60M
4AAPLAPPLE INC/Uhistory →Apple Inc6.29%$319M1.26M
5NVDANVIDIA CORPhistory →NVIDIA CORP5.02%$255M1.46M
6VVISA INChistory →VISA INC-CLASS A SHARES4.44%$225M745.7K
7RTXRAYTHEON TECHhistory →RTX CORP3.93%$199M1.03M
8MSIMOTOROLA SOLhistory →MOTOROLA SOLUTIONS INC3.69%$187M430.9K
9AMATAPPLIED MATLS Ihistory →APPLIED MATERIALS INC2.99%$152M444.0K
10MDTMEDTRONIC PLChistory →MEDTRONIC PLC2.70%$137M1.58M
11MRKMERCK & CO INChistory →MERCK & CO. INC.2.69%$136M1.13M
12ACNACCENTURE PLChistory →ACCENTURE PLC-CL A2.61%$132M667.0K
13ZTSZOETIS INChistory →ZOETIS INC2.45%$124M1.05M
14COSTCOSTCO WHOLEhistory →COSTCO WHOLESALE CORP2.37%$120M120.9K
15PHPARKER HANNIFINhistory →PARKER HANNIFIN CORP2.16%$110M122.4K
16METAFACEBOOK INC/Uhistory →Facebook Inc - A - Unmanaged2.09%$106M184.9K
17OTISOTIS WORLDWIDEhistory →OTIS WORLDWIDE CORP2.04%$103M1.34M
18SPGIS&P GLOBAL INChistory →S&P GLOBAL INC1.83%$93M218.4K
19APHAMPHENOL CORPhistory →AMPHENOL CORP-CL A1.71%$87M688.1K
20ELESTEE LAUDERhistory →ESTEE LAUDER COMPANIES-CL A1.57%$80M1.11M
21AVGOBROADCOM INChistory →BROADCOM INC1.41%$72M231.5K
22LLYLILLY ELI & COhistory →ELI LILLY & CO1.40%$71M77.4K
23CLCOLGATE PALMO/Uhistory →Colgate Palmolive Co1.29%$65M766.8K
24MSMORGAN STANLEYhistory →MORGAN STANLEY1.28%$65M394.2K
25NKENIKE INC CL Bhistory →NIKE INC -CL B1.27%$64M1.22M
26KLACKLA CORPhistory →KLA CORP1.17%$59M40.2K
27ECLECOLAB INChistory →ECOLAB INC1.15%$58M219.6K
28ROSTROSS STORES INChistory →ROSS STORES INC1.12%$57M262.7K
29ICEINTERCONTINENhistory →INTERCONTINENTAL EXCHANGE IN1.10%$56M354.9K
30HONHONEYWELL INTLhistory →HONEYWELL INTERNATIONAL INC1.07%$54M240.8K
31MARMARRIOTT INTL Ihistory →MARRIOTT INTERNATIONAL -CL A1.06%$54M164.0K
32CVXCHEVRON CORP/Uhistory →Chevron Corp1.03%$52M253.5K
33MCOMOODY'S CORPhistory →MOODY'S CORP1.01%$51M117.2K
34JPMJPMORGAN CHA/Uhistory →JPMorgan Chase & Co1.00%$50M171.6K
35MLMMARTIN MARIETTAhistory →MARTIN MARIETTA MATERIALS0.95%$48M81.7K
36BDXBECTON DICKIN/Uhistory →Becton Dickinson & Co0.94%$48M303.2K
37MDLZMONDELEZ INTL/Uhistory →Mondelez International Inc0.94%$48M825.2K
38SPYSPDR S&P 500history →SS SPDR S&P 500 ETF TRUST-US0.91%$46M71.1K
39TMUST-MOBIL US INChistory →T-MOBILE US INC0.90%$46M218.2K
40DISWALT DISNEY COhistory →WALT DISNEY CO/THE0.85%$43M445.3K
41WFCWELLS FARGO COhistory →WELLS FARGO & CO0.84%$43M536.1K
42IDXXIDEXX LABS CORPhistory →IDEXX LABORATORIES INC0.75%$38M67.3K
43MTDMETTLER INTLhistory →METTLER-TOLEDO INTERNATIONAL0.74%$38M29.8K
44GOOGALPHABET INC Chistory →ALPHABET INC-CL C0.49%$25M87.5K
45SPOTSPOTIFY TECHNOLhistory →SPOTIFY TECHNOLOGY SA0.40%$20M42.2K
46BRK/BBERKSHR HAT B/Uhistory →Berkshire Hathaway Inc Cl B0.37%$19M39.5K
47BSXBOSTON SCIENT/Uhistory →Boston Scientific Corp0.27%$14M217.5K
48WATWATERS CORPhistory →WATERS CORP0.23%$11M38.6K
49PGPROCTER & GAM/UProcter & Gamble Co0.14%$7M50.5K
50BRK/ABERKSHIRE-HAT ABERKSHIRE HATHAWAY INC-CL A0.10%$5M7
51HDHOME DEPOT INCHOME DEPOT INC0.07%$4M11.2K
52AMDADV MICRO DEV IADVANCED MICRO DEVICES0.07%$4M17.7K
53NFLXNETFLIX INCNETFLIX INC0.07%$3M34.3K
54QQQINVESCO QQQINVESCO QQQ TRUST SERIES 10.05%$3M4.8K
55PLDPROLOGIS INCPROLOGIS INC0.05%$2M18.1K
56CRMSALESFORCE INCSALESFORCE INC0.05%$2M12.4K
57DDOGDATADOG INC CLDATADOG INC - CLASS A0.04%$2M18.3K
58IVViSHR CORE S&PISHARES CORE S&P 500 ETF0.04%$2M3.1K
59AXPAMER EXPRESS COAMERICAN EXPRESS CO0.04%$2M6.5K
60JCIJOHNSON CTRL INJOHNSON CONTROLS INTERNATION0.04%$2M14.8K
61SNPSSYNOPSYS INCSYNOPSYS INC0.04%$2M4.8K
62CDNSCADENCE DES/UCadence Design Systems0.04%$2M6.8K
63BACBANK OF AMERICABANK OF AMERICA CORP0.04%$2M38.3K
64ARMARM HOLDINGS PLCARM HOLDINGS PLC-ADR0.04%$2M12.3K
65NOWSERVICENOWSERVICENOW INC0.03%$2M16.8K
66MUMICRON TECHNOLOMICRON TECHNOLOGY INC0.03%$2M5.2K
67PWRQUANTA SERVICESQUANTA SERVICES INC0.03%$2M3.1K
68HLTHILTON WORLDHILTON WORLDWIDE HOLDINGS IN0.03%$2M5.5K
69UBERUBER TECHNOLOGIUBER TECHNOLOGIES INC0.03%$2M23.1K
70TYLTYLER TECHNOLOGTYLER TECHNOLOGIES INC0.03%$2M4.8K
71APPAPPLOVIN CORPAPPLOVIN CORP-CLASS A0.03%$2M4.1K
72IOTSamsara IncSAMSARA INC-CL A0.03%$2M51.2K
73AWKAMERICAN WATERAMERICAN WATER WORKS CO INC0.03%$2M11.1K
74RSPINV S&P500 EQWINVESCO S&P 500 EQUAL WEIGHT0.03%$1M7.4K
75WMWASTE MANAGEM/UWaste Management Inc/U0.03%$1M6.2K
76CBOECBOE GLOBALCBOE GLOBAL MARKETS INC0.03%$1M4.8K
77PINSPINTEREST INCPINTEREST INC- CLASS A0.03%$1M72.7K
78NXTNEXTRACKER INC-CLNEXTPOWER INC-CL A0.03%$1M10.8K
79VRSKVERISK ANALYTICVERISK ANALYTICS INC0.03%$1M6.8K
80CVSCVS HEALTH CORPCVS HEALTH CORP0.02%$1M16.1K
81VERXVERTEX INCVERTEX INC - CLASS A0.02%$1M94.9K
82CICIGNA GROUP/THETHE CIGNA GROUP0.02%$1M3.9K
83DUOLDUOLINGO INCDUOLINGO0.02%$1M10.2K
84XYLXYLEM INCXYLEM INC0.02%$997,0008.3K
85JNJJOHN & JOHN COMJOHNSON & JOHNSON0.02%$960,0003.9K
86EXMOCEXXON MOBIL/UExxon Mobil Corp0.02%$939,0005.5K
87FSLRFIRST SOLAR INCFIRST SOLAR INC0.02%$865,0004.4K
88IGMISHR EXP TECHISHARES EXPANDED TECH SECTOR0.02%$842,0007.1K
89GSGOLDMAN SACHSGOLDMAN SACHS GROUP INC0.02%$787,000931
90CWENCLEARWAY-ENERGYCLEARWAY ENERGY INC-C0.02%$785,00020.0K
91TTEKTETRA TECH INCTETRA TECH INC0.02%$777,00025.8K
92CARRCARRIER GLOBALCARRIER GLOBAL CORP0.01%$752,00013.4K
93VTWOVANGUARD RS 200VANGUARD RUSSELL 2000 ETF0.01%$687,0006.9K
94SYKSTRYKER CORPSTRYKER CORP0.01%$657,0002.0K
95IJHiSHR CORE SP MCISHARES CORE S&P MIDCAP ETF0.01%$611,0009.1K
96KOCOCA COLA COCOCA-COLA CO/THE0.01%$608,0008.0K
97ADIANALOG DEVICESANALOG DEVICES INC0.01%$586,0001.8K
98CLHCLEAN HARBORSCLEAN HARBORS INC0.01%$584,0002.0K
99IJRiSHR CORE S&P/UiShares Core S&P SmallCap ETF0.01%$572,0004.6K
100AYIACUITY BRANDSACUITY INC0.01%$560,0002.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$5.1B123May 7, 202613F-HRchanges · EDGAR ↗
Q4 2025$5.6B112Feb 6, 202613F-HRchanges · EDGAR ↗
Q3 2025$5.3B112Oct 21, 202513F-HRchanges · EDGAR ↗
Q2 2025$4.8B110Jul 31, 202513F-HRchanges · EDGAR ↗
Q1 2025$4.1B103May 7, 202513F-HRchanges · EDGAR ↗
Q4 2024$5.0B101Feb 10, 202513F-HRchanges · EDGAR ↗
Q3 2024$4.7B97Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$4.3B93Jul 29, 202413F-HRchanges · EDGAR ↗
Q1 2024$4.0B77May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$3.5B78Feb 8, 202413F-HRchanges · EDGAR ↗
Q3 2023$3.1B79Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$3.3B79Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.7B78May 9, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.8B74Feb 8, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.6B74Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.8B65Jul 28, 202213F-HRchanges · EDGAR ↗
Q1 2022$3.3B70May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$3.7B68Jan 20, 202213F-HRchanges · EDGAR ↗
Q3 2021$3.6B69Nov 4, 202113F-HRchanges · EDGAR ↗
Q2 2021$3.1B68Aug 3, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.9B86May 5, 202113F-HRchanges · EDGAR ↗
Q4 2020$3.1B87Feb 17, 202113F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.