SEC 13F Intelligence

Managers / Q3 2022 · view latest →

Lazard Freres Gestion S.A.S.

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

Reported Value
$2.6B
Q3 2022
Positions
74
Filings on Record
22
2021–present window
Filed
Nov 10, 2022
original filing

Summary

Lazard Freres Gestion S.a.s. reported $2.6B in U.S.-listed holdings across 74 positions for Q3 2022.

Its largest position, MSFT, represents 8.1% of the portfolio.

Compared with Q2 2022, the fund opened 10 new positions and exited 1.

Portfolio Metrics

Turnover
+1.9%
vs prior filed quarter
Top-10 Concentration
+50.4%
share of reported value
Largest Position
+8.1%
Microsoft
New / Exited
10 / 1
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: 99.5%ETP: 0.5%ADR: 0.0%
  • Common Stock · 99.5% · $2.6B
  • ETP · 0.5% · $13M
  • ADR · 0.0% · $423,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HLTHILTON WORLDNEW+4.2K4.2K+$532,000$532,000
JCIJOHNSON CTRL INNEW+8.8K8.8K+$450,000$450,000
IPGINTERPUBLIC GRONEW+16.1K16.1K+$427,000$427,000
ADPAUTOMATIC DATANEW+1.8K1.8K+$421,000$421,000
CMECMENEW+2.2K2.2K+$411,000$411,000
MTDMETTLER INTLNEW+355355+$401,000$401,000
SPGIS&P GLOBAL INCNEW+1.2K1.2K+$394,000$394,000
FRCBFIRST REPUBLICNEW+2.9K2.9K+$391,000$391,000

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

Holdings — Q3 2022

74 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →MICROSOFT CORP8.07%$213M907.2K
2AMZNAMAZON.COM INChistory →AMAZON.COM INC6.52%$172M1.51M
3MRKMERCK & CO/Uhistory →Merck & Co Inc5.55%$147M1.69M
4VVISA INChistory →VISA INC-CLASS A SHARES5.38%$142M792.6K
5GOOGLALPHABET INC Ahistory →ALPHABET INC-CL A5.10%$135M1.39M
6BDXBECTON DICKIN/Uhistory →Becton Dickinson & Co4.47%$118M526.1K
7ACNACCENTURE PLChistory →ACCENTURE PLC-CL A4.38%$116M446.2K
8CVXCHEVRON CORP/Uhistory →Chevron Corp4.14%$110M757.5K
9RTXRAYTHEON TECHhistory →RAYTHEON TECHNOLOGIES CORP3.71%$98M1.19M
10PHPARKER HANNIFINhistory →PARKER HANNIFIN CORP3.05%$81M330.2K
11ELESTEE LAUDERhistory →ESTEE LAUDER COMPANIES-CL A3.03%$80M368.1K
12OTISOTIS WORLDWIDEhistory →OTIS WORLDWIDE CORP2.99%$79M1.23M
13GOOGALPHABET INC Chistory →ALPHABET INC-CL C2.76%$73M759.4K
14MSIMOTOROLA SOLhistory →MOTOROLA SOLUTIONS INC2.56%$68M297.1K
15ZTSZOETIS INChistory →ZOETIS INC2.32%$61M409.8K
16TXNTEXAS INSTR/Uhistory →Texas Instruments Inc1.90%$50M318.1K
17BACBANK OF AMERICAhistory →BANK OF AMERICA CORP1.82%$48M1.57M
18MDTMEDTRONIC PLChistory →MEDTRONIC PLC1.80%$48M580.0K
19COSTCOSTCO WHOLEhistory →COSTCO WHOLESALE CORP1.78%$47M98.4K
20ICEINTERCONTINENhistory →INTERCONTINENTAL EXCHANGE IN1.74%$46M504.1K
21MSMORGAN STANLEYhistory →MORGAN STANLEY1.74%$46M571.9K
22HONHONEYWELL INTLhistory →HONEYWELL INTERNATIONAL INC1.72%$45M268.3K
23ROSTROSS STORES INChistory →ROSS STORES INC1.63%$43M503.1K
24EOGEOG RESOURCES/Uhistory →EOG Resources Inc1.62%$43M378.9K
25ECLECOLAB INChistory →ECOLAB INC1.60%$42M288.5K
26BALLBALL CORP/Uhistory →Ball Corp1.58%$42M859.1K
27WFCWELLS FARGO COhistory →WELLS FARGO & CO1.55%$41M1.01M
28APHAMPHENOL CORPhistory →AMPHENOL CORP-CL A1.51%$40M587.3K
29JNJJOHN & JOHN COMhistory →JOHNSON & JOHNSON1.48%$39M240.2K
30DISWALT DISNEY COhistory →WALT DISNEY CO/THE1.39%$37M384.3K
31PEPPEPSICO INChistory →PEPSICO INC1.28%$34M204.0K
32PGPROCTER & GAM/Uhistory →Procter & Gamble Co1.24%$33M259.2K
33TMUST-MOBIL US INChistory →T-MOBILE US INC1.22%$32M236.8K
34MDLZMONDELEZ INTL/Uhistory →Mondelez International Inc1.08%$29M513.4K
35AAPLAPPLE INC/Uhistory →Apple Inc0.86%$23M161.2K
36ADBEADOBE INChistory →ADOBE INC0.80%$21M75.9K
37CLCOLGATE PALMO/Uhistory →Colgate Palmolive Co0.77%$20M285.1K
38NKENIKE INC CL Bhistory →NIKE INC -CL B0.75%$20M236.8K
39CSCOCISCO SYS INChistory →CISCO SYSTEMS INC0.64%$17M414.2K
40BRK/BBERKSHR HAT B/Uhistory →Berkshire Hathaway Inc Cl B0.49%$13M48.4K
41SPYSPDR S&P 500history →SPDR S&P 500 ETF TRUST0.47%$13M34.8K
42HDHOME DEPOT INCHOME DEPOT INC0.32%$9M30.6K
43BRK/ABERKSHIRE-HAT ABERKSHIRE HATHAWAY INC-CL A0.22%$6M14
44CRMSALESFORCE INCSALESFORCE INC0.11%$3M20.2K
45SCHWSCHWAB CHARLESSCHWAB (CHARLES) CORP0.11%$3M40.2K
46MMM3M CO/U3M Co0.10%$3M22.8K
47BWABORG-WARNER INCBORGWARNER INC0.08%$2M70.7K
48IPGPIPG PHOTONICSIPG PHOTONICS CORP0.08%$2M25.1K
49AXPAMER EXPRESS COAMERICAN EXPRESS CO0.05%$1M8.9K
50EMBCEMBECTA CORPEMBECTA CORP0.04%$1M39.6K
51CARRCARRIER GLOBALCARRIER GLOBAL CORP0.04%$968,00027.2K
52KOCOCA COLA COCOCA-COLA CO/THE0.03%$673,00011.9K
53ABXBARRICK GOLD COBARRICK GOLD CORP0.02%$619,00040.0K
54NEMNEWMONT GOLDCONEWMONT CORP0.02%$587,00014.0K
55HLTHILTON WORLDHILTON WORLDWIDE HOLDINGS IN0.02%$532,0004.2K
56TSLATESLA INCTESLA INC0.02%$500,0001.9K
57JCIJOHNSON CTRL INJOHNSON CONTROLS INTERNATION0.02%$450,0008.8K
58IPGINTERPUBLIC GROINTERPUBLIC GROUP OF COS INC0.02%$427,00016.1K
59JMIAJUMIA TECHN-ADRJUMIA TECHNOLOGIES AG-ADR0.02%$423,00072.9K
60ADPAUTOMATIC DATAAUTOMATIC DATA PROCESSING0.02%$421,0001.8K
61CMECMECME GROUP INC0.02%$411,0002.2K
62SYKSTRYKER CORPSTRYKER CORP0.02%$405,0002.0K
63MTDMETTLER INTLMETTLER-TOLEDO INTERNATIONAL0.02%$401,000355
64LLYLILLY ELI & COELI LILLY & CO0.01%$394,0001.2K
65SPGIS&P GLOBAL INCS&P GLOBAL INC0.01%$394,0001.2K
66FRCBFIRST REPUBLICFIRST REPUBLIC BANK/CA0.01%$391,0002.9K
67PFEPFIZER INCPFIZER INC0.01%$348,0008.0K
68CICIGNA CORPORATICIGNA CORP0.01%$325,0001.1K
69MAMASTERCARD INCMASTERCARD INC - A0.01%$282,000986
70ABTABBOTT LABS/UAbbott Laboratories0.01%$242,0002.5K
71EXMOCEXXON MOBIL/UExxon Mobil Corp0.01%$239,0002.7K
72SLBSCHLUMBERGER LTSCHLUMBERGER LTD0.01%$218,0006.1K
73LOWLOWES COS INCLOWE'S COS INC0.01%$209,0001.1K
74NFLXNETFLIX INCNETFLIX INC0.01%$205,000858

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 ↗.