SEC 13F Intelligence

Managers / Q2 2021 · view latest →

Lazard Freres Gestion S.A.S.

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

Reported Value
$3.1B
Q2 2021
Positions
68
Filings on Record
22
2021–present window
Filed
Aug 3, 2021
original filing

Summary

Lazard Freres Gestion S.a.s. reported $3.1B in U.S.-listed holdings across 68 positions for Q2 2021.

Its largest position, AMZN, represents 7.1% of the portfolio.

Compared with Q1 2021, the fund opened 2 new positions and exited 20.

Portfolio Metrics

Turnover
+1.8%
vs prior filed quarter
Top-10 Concentration
+46.5%
share of reported value
Largest Position
+7.1%
Amazon Com
New / Exited
2 / 20
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: 95.8%Other: 3.4%ETP: 0.8%ADR: 0.0%
  • Common Stock · 95.8% · $3.0B
  • Other · 3.4% · $105M
  • ETP · 0.8% · $24M
  • ADR · 0.0% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PFEPFIZER INCNEW+6.3K6.3K+$206,000$206,000
UPSUNITED PARCEL SNEW+1.1K1.1K+$200,000$200,000
NEENEXTERA ENERGYSOLD OUT−18.6K0−$1M$0
IHS MARKIT LTDSOLD OUT−14.1K0−$1M$0
AWKAMERICAN WATERSOLD OUT−8.4K0−$1M$0
AMTAMERICAN TOWERSOLD OUT−4.9K0−$1M$0
VZVERIZON COMMSOLD OUT−19.2K0−$949,000$0
WMTWALMARTSOLD OUT−7.9K0−$918,000$0

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

Holdings — Q2 2021

68 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMZNAMAZON.COM INChistory →Amazon.com Inc7.13%$221M76.1K
2MSFTMICROSOFT CORPhistory →Microsoft Corp7.02%$217M950.7K
3GOOGLALPHABET INC Ahistory →Alphabet Inc. Class A5.91%$183M88.8K
4VVISA INChistory →Visa Inc Cl A4.38%$136M688.1K
5RTXRAYTHEON TECHhistory →Raytheon Technologies Corp4.08%$126M1.76M
6ACNACCENTURE PLChistory →Accenture Plc4.05%$125M504.8K
7ELESTEE LAUDERhistory →Estee Lauder Companies Inc Cl A3.87%$120M447.2K
8BDXBECTON DICKINSOhistory →Becton Dickinson & Co3.61%$112M544.7K
9LINDE PUBLIC LTLinde Public Ltd Co3.39%$105M430.3K
10MRKMERCK & CO INChistory →Merck & Co Inc3.06%$95M1.44M
11PHPARKER HANNIFINhistory →Parker Hannifin Corp2.96%$92M354.2K
12CVXCHEVRON CORPhistory →Chevron Corp2.93%$91M1.03M
13OTISOTIS WORLDWIDEhistory →Otis Worldwide Corp2.86%$89M1.29M
14HDHOME DEPOT INChistory →Home Depot Inc2.82%$87M324.3K
15GOOGALPHABET INC Chistory →Alphabet Inc. Class C2.77%$86M40.6K
16MMM3M Cohistory →3M Co2.47%$76M456.0K
17ZTSZOETIS INChistory →Zoetis Inc2.42%$75M475.8K
18MSIMOTOROLA SOLhistory →Motorola Solutions Inc2.31%$72M391.5K
19TXNTEXAS INSTR INChistory →Texas Instruments Inc2.11%$65M402.1K
20BACBANK OF AMERICAhistory →Bank of America Corp2.06%$64M1.83M
21MSMORGAN STANLEYhistory →Morgan Stanley1.99%$62M797.7K
22BALLBALL CORPhistory →Ball Corp1.92%$59M870.1K
23MDTMEDTRONIC PLChistory →Medtronic Plc1.76%$55M521.5K
24HONHONEYWELL INTLhistory →Honeywell International Inc1.75%$54M292.6K
25ICEINTERCONTINENhistory →Intercontinental Exchange Inc1.51%$47M468.1K
26DISWALT DISNEY COhistory →Walt Disney Co1.49%$46M311.1K
27ROSTROSS STORES INChistory →Ross Stores Inc1.44%$45M426.0K
28APHAMPHENOL CORPhistory →Amphenol Corp New - Cl A1.43%$44M768.8K
29ECLECOLAB INChistory →Ecolab Inc1.26%$39M224.8K
30JNJJOHN & JOHN COMhistory →Johnson & Johnson1.21%$37M269.5K
31CSCOCISCO SYS INChistory →Cisco Systems Inc1.15%$36M797.0K
32EOGEOG RESOURCEShistory →EOG Resources Inc1.13%$35M498.9K
33WFCWELLS FARGO COhistory →Wells Fargo & Co New1.07%$33M869.2K
34COSTCOSTCO WHOLEhistory →Costco Wholesale Corp1.05%$33M97.9K
35PEPPEPSICO INChistory →Pepsico Inc0.95%$29M235.8K
36PGPROCTER & GAMBLhistory →Procter & Gamble Co0.95%$29M258.6K
37MDLZMONDELEZ INTLhistory →Mondelez International Inc0.91%$28M536.5K
38CLCOLGATE PALMOLhistory →Colgate Palmolive Co0.87%$27M393.6K
39CVSCVS HEALTH CORPhistory →CVS Health Corp0.84%$26M368.5K
40SPYSPDR S&P 500history →SPDR S&P 500 ETF Trust0.77%$24M66.1K
41AAPLAPPLE INChistory →Apple Inc0.64%$20M173.6K
42BRK/BBERKSHIRE-HAThistory →Berkshire Hathaway Inc - Cl B0.42%$13M55.6K
43BRK/ABERKSHIRE-HAT ABerkshire Hathaway - Cl A0.20%$6M18
44CRMSALESFORCE.COMSalesforce.com Inc0.14%$4M20.6K
45METAFACEBOOK INCFacebook Inc - A0.13%$4M13.5K
46IPGPIPG PHOTONICSIPG Photonics Corp0.11%$4M19.8K
47SCHWSCHWAB CHARLESCharles Schwab Corp New0.11%$3M54.1K
48UNHUNITEDHEALTH GRUnitedHealth Group Inc0.10%$3M9.6K
49BWABORG-WARNER INCBorg Warner Inc0.08%$3M62.6K
50CARRCARRIER GLOBALCarrier Global Corp0.05%$2M37.0K
51JMIAJUMIA TECHN-ADRJumia Technologies AG ADR0.05%$1M57.9K
52NEMNEWMONT GOLDCONewmont Goldcorp Corp0.04%$1M25.0K
53AXPAMER EXPRESS COAmerican Express Co0.04%$1M9.1K
54ABXBARRICK GOLD COBarrick Gold Corp0.04%$1M67.5K
55ADBEADOBE INCAdobe Inc0.03%$909,0001.8K
56QQQINVESCO QQQInvesco QQQ Trust Series 10.02%$590,0002.0K
57KOCOCA COLA COCoca Cola Co0.02%$474,00010.5K
58SYKSTRYKER CORPStryker Corp0.01%$438,0002.0K
59SLBSCHLUMBERGER LTSchlumberger Ltd0.01%$433,00016.1K
60NFLXNETFLIX INCNetFlix Inc0.01%$355,000792
61EXMOCEXXON MOBILExxon Mobil Corp0.01%$304,0005.8K
62TSLATESLA INCTesla Inc.0.01%$295,000516
63ABTABBOTT LABSAbbott Laboratories0.01%$244,0002.5K
64NVDANVIDIA CORPNvidia Corp0.01%$232,000345
65PFEPFIZER INCPfizer Inc0.01%$206,0006.3K
66INTCINTEL CORPIntel Corp0.01%$205,0004.3K
67IBMINTL BUS MACHIntl Business Machines Corp0.01%$203,0001.7K
68UPSUNITED PARCEL SUnited Parcel Service Inc Cl B0.01%$200,0001.1K

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 ↗.