SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Lazard Freres Gestion S.A.S.

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

Reported Value
$2.9B
Q1 2021
Positions
86
Filings on Record
22
2021–present window
Filed
May 5, 2021
original filing

Summary

Lazard Freres Gestion S.a.s. reported $2.9B in U.S.-listed holdings across 86 positions for Q1 2021.

Its largest position, AMZN, represents 6.5% of the portfolio.

Compared with Q4 2020, the fund opened 1 new position and exited 2.

Portfolio Metrics

Turnover
+3.2%
vs prior filed quarter
Top-10 Concentration
+44.4%
share of reported value
Largest Position
+6.5%
Amazon Com
New / Exited
1 / 2
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: 95.5%Other: 3.6%ETP: 0.8%ADR: 0.1%REIT: 0.0%
  • Common Stock · 95.5% · $2.7B
  • Other · 3.6% · $104M
  • ETP · 0.8% · $23M
  • ADR · 0.1% · $2M
  • REIT · 0.0% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WFCWELLS FARGO CONEW+770.3K770.3K+$26M$26M
COSTCOSTCO WHOLEADDED+68.8K80.2K+$20M$24M
AEEAMEREN CORPSOLD OUT−13.3K0−$1M$0
BABAALIBABA GRP ADRSOLD OUT−1.7K0−$398,000$0
ROSTROSS STORES INCADDED+202.9K409.4K+$16M$42M
APHAMPHENOL CORPADDED+352.3K748.8K−$10M$42M
QQQINVESCO QQQTRIMMED−9401.9K−$379,000$502,000
JNJJOHN & JOHN COMTRIMMED−129.5K278.0K−$25M$39M

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

Holdings — Q1 2021

86 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMZNAMAZON.COM INChistory →Amazon.com Inc6.46%$186M70.6K
2MSFTMICROSOFT CORPhistory →Microsoft Corp6.09%$175M872.6K
3GOOGLALPHABET INC Ahistory →Alphabet Inc. Class A5.26%$151M86.1K
4ACNACCENTURE PLChistory →Accenture Plc4.08%$117M498.5K
5VVISA INChistory →Visa Inc Cl A4.00%$115M637.2K
6RTXRAYTHEON TECHhistory →Raytheon Technologies Corp3.95%$113M1.72M
7ELESTEE LAUDERhistory →Estee Lauder Companies Inc Cl A3.86%$111M448.4K
8BDXBECTON DICKINSOhistory →Becton Dickinson & Co3.86%$111M534.9K
9LINDE PUBLIC LTLinde Public Ltd Co3.58%$103M431.2K
10PHPARKER HANNIFINhistory →Parker Hannifin Corp3.25%$93M348.1K
11CVXCHEVRON CORPhistory →Chevron Corp3.23%$93M1.04M
12MRKMERCK & CO INChistory →Merck & Co Inc3.16%$91M1.38M
13HDHOME DEPOT INChistory →Home Depot Inc2.99%$86M330.5K
14OTISOTIS WORLDWIDEhistory →Otis Worldwide Corp2.66%$76M1.31M
15MMM3M Cohistory →3M Co2.60%$75M455.2K
16GOOGALPHABET INC Chistory →Alphabet Inc. Class C2.50%$72M40.8K
17ZTSZOETIS INChistory →Zoetis Inc2.22%$64M476.1K
18TXNTEXAS INSTR INChistory →Texas Instruments Inc2.20%$63M393.7K
19MSIMOTOROLA SOLhistory →Motorola Solutions Inc2.16%$62M387.9K
20BACBANK OF AMERICAhistory →Bank of America Corp2.06%$59M1.80M
21BALLBALL CORPhistory →Ball Corp1.97%$57M786.6K
22MSMORGAN STANLEYhistory →Morgan Stanley1.94%$56M843.4K
23MDTMEDTRONIC PLChistory →Medtronic Plc1.88%$54M538.1K
24HONHONEYWELL INTLhistory →Honeywell International Inc1.88%$54M292.1K
25PGPROCTER & GAMBLhistory →Procter & Gamble Co1.72%$49M428.9K
26ICEINTERCONTINENhistory →Intercontinental Exchange Inc1.53%$44M462.6K
27CSCOCISCO SYS INChistory →Cisco Systems Inc1.52%$44M994.2K
28APHAMPHENOL CORPhistory →Amphenol Corp New - Cl A1.46%$42M748.8K
29ROSTROSS STORES INChistory →Ross Stores Inc1.45%$42M409.4K
30DISWALT DISNEY COhistory →Walt Disney Co1.39%$40M254.7K
31JNJJOHN & JOHN COMhistory →Johnson & Johnson1.35%$39M278.0K
32ECLECOLAB INChistory →Ecolab Inc1.33%$38M209.0K
33MDLZMONDELEZ INTLhistory →Mondelez International Inc1.06%$31M613.2K
34EOGEOG RESOURCEShistory →EOG Resources Inc1.06%$30M493.4K
35PEPPEPSICO INChistory →Pepsico Inc1.00%$29M238.8K
36CVSCVS HEALTH CORPhistory →CVS Health Corp1.00%$29M447.2K
37CLCOLGATE PALMOLhistory →Colgate Palmolive Co0.94%$27M401.2K
38WFCWELLS FARGO COhistory →Wells Fargo & Co New0.89%$26M770.3K
39COSTCOSTCO WHOLEhistory →Costco Wholesale Corp0.84%$24M80.2K
40SPYSPDR S&P 500history →SPDR S&P 500 ETF Trust0.78%$22M66.6K
41AAPLAPPLE INChistory →Apple Inc0.62%$18M174.5K
42BRK/BBERKSHIRE-HAThistory →Berkshire Hathaway Inc - Cl B0.42%$12M55.7K
43BRK/ABERKSHIRE-HAT ABerkshire Hathaway - Cl A0.21%$6M18
44METAFACEBOOK INCFacebook Inc - A0.12%$3M13.5K
45UNHUNITEDHEALTH GRUnitedHealth Group Inc0.11%$3M9.6K
46SCHWSCHWAB CHARLESCharles Schwab Corp New0.10%$3M54.1K
47CRMSALESFORCE.COMSalesforce.com Inc0.10%$3M16.2K
48IPGPIPG PHOTONICSIPG Photonics Corp0.10%$3M15.9K
49BWABORG-WARNER INCBorg Warner Inc0.09%$2M62.6K
50JMIAJUMIA TECHN-ADRJumia Technologies AG ADR0.06%$2M57.9K
51NEMNEWMONT GOLDCONewmont Goldcorp Corp0.05%$1M28.0K
52CARRCARRIER GLOBALCarrier Global Corp0.05%$1M39.3K
53NEENEXTERA ENERGYNextEra Energy Inc0.04%$1M18.6K
54IHS MARKIT LTDIHS Markit Ltd0.04%$1M14.1K
55ABXBARRICK GOLD COBarrick Gold Corp0.04%$1M67.5K
56AXPAMER EXPRESS COAmerican Express Co0.04%$1M9.1K
57SLBSCHLUMBERGER LTSchlumberger Ltd0.04%$1M46.8K
58AWKAMERICAN WATERAmerican Water Works Inc0.04%$1M8.4K
59AMTAMERICAN TOWERAmerican Tower Corp0.03%$1M4.9K
60VZVERIZON COMMVerizon Communications Inc0.03%$949,00019.2K
61WMTWALMARTWalmart Inc0.03%$918,0007.9K
62TJXTJX COMPANIESTJX Companies Inc New0.03%$891,00015.8K
63RSGREPUBLIC SVCSRepublic Services Inc Cl A0.03%$877,00010.4K
64MCDMCDONALDS CORPMcDonalds Corp0.03%$872,0004.6K
65CLXCLOROX CO DELClorox Co0.03%$823,0005.0K
66VRSKVERISK ANALYTICVerisk Analytics Inc0.03%$808,0005.4K
67IFFINTL FLAVORS FRIntl Flavors & Fragrances Inc0.03%$794,0006.7K
68ADBEADOBE INCAdobe Inc0.03%$744,0001.8K
69HSYTHE HERSHEY COThe Hershey Co0.02%$672,0005.0K
70DOXAMDOCS LTD USAmdocs Ltd0.02%$659,00011.1K
71CBOECBOE GLOBALCboe Global Markets Inc0.02%$581,0006.9K
72RNRRENAISSANCERERenaissanceRE Holdings Ltd0.02%$581,0004.3K
73QQQINVESCO QQQInvesco QQQ Trust Series 10.02%$502,0001.9K
74NFLXNETFLIX INCNetFlix Inc0.02%$472,0001.1K
75KOCOCA COLA COCoca Cola Co0.02%$451,00010.0K
76USBUS BANCORPU S Bancorp0.02%$442,0009.4K
77SYKSTRYKER CORPStryker Corp0.01%$414,0002.0K
78PEOPLES UNITEDPeoples United Financial Inc0.01%$395,00026.0K
79TAT&T INC/UAT&T Inc0.01%$391,00015.2K
80TSLATESLA INCTesla Inc.0.01%$378,000691
81EXMOCEXXON MOBILExxon Mobil Corp0.01%$279,0005.8K
82INTCINTEL CORPIntel Corp0.01%$269,0004.9K
83ABTABBOTT LABSAbbott Laboratories0.01%$254,0002.5K
84JPMJPMORGAN CHASEJPMorgan Chase & Co0.01%$229,0001.7K
85IBMINTL BUS MACHIntl Business Machines Corp0.01%$224,0002.0K
86NVDANVIDIA CORPNvidia Corp0.01%$213,000485

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 ↗.