SEC 13F Intelligence

Managers / Q1 2024 · view latest →

Lazard Freres Gestion S.A.S.

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

Reported Value
$4.0B
Q1 2024
Positions
77
Filings on Record
22
2021–present window
Filed
May 10, 2024
original filing

Summary

Lazard Freres Gestion S.a.s. reported $4.0B in U.S.-listed holdings across 77 positions for Q1 2024.

Its largest position, MSFT, represents 9.5% of the portfolio.

Compared with Q4 2023, the fund opened 5 new positions and exited 6.

Portfolio Metrics

Turnover
+0.6%
vs prior filed quarter
Top-10 Concentration
+50.5%
share of reported value
Largest Position
+9.5%
Microsoft
New / Exited
5 / 6
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: 99.2%ETP: 0.8%
  • Common Stock · 99.2% · $4.0B
  • ETP · 0.8% · $31M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMDADV MICRO DEV INEW+36.8K36.8K+$7M$7M
EXMOCEXXON MOBILNEW+5.2K5.2K+$598,000$598,000
CSCOCISCO SYS INCNEW+4.6K4.6K+$230,000$230,000
CATCATERPILLAR INCNEW+630630+$230,000$230,000
LXRXLEXICON PHARMANEW+50.0K50.0K+$119,000$119,000
METAMETA PLATFORMSADDED+18.2K19.2K+$9M$9M
IJHiSHR CORE SP MCADDED+7.2K9.1K+$44,000$550,000
AAPLAPPLE INCADDED+294.9K435.8K+$46M$74M

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

Holdings — Q1 2024

77 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →MICROSOFT CORP9.55%$386M942.0K
2AMZNAMAZON.COM INChistory →AMAZON.COM INC7.33%$296M1.68M
3VVISA INChistory →VISA INC-CLASS A SHARES5.37%$217M798.3K
4GOOGLALPHABET INC Ahistory →ALPHABET INC-CL A5.34%$216M1.48M
5MRKMERCK & CO INChistory →MERCK & CO. INC.5.11%$206M1.60M
6ACNACCENTURE PLChistory →ACCENTURE PLC-CL A4.44%$180M528.7K
7PHPARKER HANNIFINhistory →PARKER HANNIFIN CORP3.70%$150M276.2K
8BDXBECTON DICKINSOhistory →BECTON DICKINSON AND CO3.49%$141M580.9K
9RTXRAYTHEON TECHhistory →RTX CORP3.26%$132M1.38M
10GOOGALPHABET INC Chistory →ALPHABET INC-CL C2.94%$119M781.2K
11CVXCHEVRON CORPhistory →CHEVRON CORP2.67%$108M701.9K
12NVDANVIDIA CORPhistory →NVIDIA CORP2.51%$102M117.3K
13OTISOTIS WORLDWIDEhistory →OTIS WORLDWIDE CORP2.49%$100M1.04M
14ZTSZOETIS INChistory →ZOETIS INC2.26%$91M552.2K
15ELESTEE LAUDERhistory →ESTEE LAUDER COMPANIES-CL A2.18%$88M586.3K
16MSIMOTOROLA SOLhistory →MOTOROLA SOLUTIONS INC2.13%$86M254.3K
17ECLECOLAB INChistory →ECOLAB INC1.92%$78M349.4K
18DISWALT DISNEY COhistory →WALT DISNEY CO/THE1.91%$77M655.4K
19AAPLAPPLE INChistory →APPLE INC1.82%$74M435.8K
20MDTMEDTRONIC PLChistory →MEDTRONIC PLC1.72%$69M831.2K
21APHAMPHENOL CORPhistory →AMPHENOL CORP-CL A1.72%$69M624.8K
22ICEINTERCONTINENhistory →INTERCONTINENTAL EXCHANGE IN1.68%$68M516.8K
23AMATAPPLIED MATLS Ihistory →APPLIED MATERIALS INC1.66%$67M339.8K
24BALLBALL CORPhistory →BALL CORP1.65%$66M1.02M
25COSTCOSTCO WHOLEhistory →COSTCO WHOLESALE CORP1.64%$66M94.4K
26KLACKLA CORPhistory →KLA CORP1.63%$66M98.7K
27ROSTROSS STORES INChistory →ROSS STORES INC1.34%$54M388.2K
28HONHONEYWELL INTLhistory →HONEYWELL INTERNATIONAL INC1.27%$51M260.9K
29ADBEADOBE INChistory →ADOBE INC1.23%$50M103.6K
30BACBANK OF AMERICAhistory →BANK OF AMERICA CORP1.17%$47M1.32M
31MSMORGAN STANLEYhistory →MORGAN STANLEY1.17%$47M530.2K
32MDLZMONDELEZ INTLhistory →MONDELEZ INTERNATIONAL INC-A1.10%$45M670.0K
33WFCWELLS FARGO COhistory →WELLS FARGO & CO1.08%$44M787.5K
34TMUST-MOBIL US INChistory →T-MOBILE US INC1.06%$43M275.3K
35NKENIKE INC CL Bhistory →NIKE INC -CL B1.05%$42M471.6K
36CLCOLGATE PALMOLhistory →COLGATE-PALMOLIVE CO1.05%$42M492.9K
37PGPROCTER & GAMBLhistory →PROCTER & GAMBLE CO/THE1.04%$42M257.9K
38JNJJOHN & JOHN COMhistory →JOHNSON & JOHNSON0.94%$38M239.3K
39PEPPEPSICO INChistory →PEPSICO INC0.86%$35M208.4K
40EOGEOG RESOURCEShistory →EOG RESOURCES INC0.78%$31M256.7K
41SPYSPDR S&P 500history →SPDR S&P 500 ETF TRUST0.63%$25M48.5K
42BRK/BBERKSHIRE-HAThistory →BERKSHIRE HATHAWAY INC-CL B0.51%$21M49.2K
43HDHOME DEPOT INChistory →HOME DEPOT INC0.27%$11M28.1K
44METAMETA PLATFORMSMETA PLATFORMS INC-CLASS A0.23%$9M19.2K
45CRMSALESFORCE INCSALESFORCE INC0.19%$7M24.8K
46AMDADV MICRO DEV IADVANCED MICRO DEVICES0.16%$7M36.8K
47BRK/ABERKSHIRE-HAT ABERKSHIRE HATHAWAY INC-CL A0.16%$6M10
48CVSCVS HEALTH CORPCVS HEALTH CORP0.06%$2M29.2K
49IVViSHR CORE S&PISHARES CORE S&P 500 ETF0.05%$2M3.7K
50VTEBVNGD MUNIVANGUARD TAX-EXEMPT BOND ETF0.05%$2M37.5K
51AXPAMER EXPRESS COAMERICAN EXPRESS CO0.05%$2M8.2K
52LLYLILLY ELI & COELI LILLY & CO0.04%$2M2.1K
53CARRCARRIER GLOBALCARRIER GLOBAL CORP0.03%$1M20.0K
54HLTHILTON WORLDHILTON WORLDWIDE HOLDINGS IN0.03%$1M5.8K
55SPGIS&P GLOBAL INCS&P GLOBAL INC0.02%$993,0002.7K
56ADPAUTOMATIC DATAAUTOMATIC DATA PROCESSING0.02%$957,0004.4K
57JCIJOHNSON CTRL INJOHNSON CONTROLS INTERNATION0.02%$849,00015.2K
58CICIGNA GROUP/THETHE CIGNA GROUP0.02%$830,0002.7K
59MMM3M Co3M CO0.02%$788,0007.4K
60SYKSTRYKER CORPSTRYKER CORP0.02%$715,0002.0K
61EXMOCEXXON MOBILEXXON MOBIL CORP0.01%$598,0005.2K
62IJHiSHR CORE SP MCISHARES CORE S&P MIDCAP ETF0.01%$550,0009.1K
63KOCOCA COLA COCOCA-COLA CO/THE0.01%$536,0008.8K
64ONONON HOLDING AGON HOLDING AG-CLASS A0.01%$530,00015.0K
65IJRiSHR CORE SP SCISHARES CORE S&P SMALL-CAP E0.01%$509,0004.6K
66QQQINVESCO QQQINVESCO QQQ TRUST SERIES 10.01%$499,0001.1K
67NFLXNETFLIX INCNETFLIX INC0.01%$481,000792
68VTWOVANGUARD RS 200VANGUARD RUSSELL 2000 ETF0.01%$442,0005.2K
69TSLATESLA INCTESLA INC0.01%$396,0002.3K
70JPMJPMORGAN CHASEJPMORGAN CHASE & CO0.01%$386,0001.9K
71ORCLORACLE CORPORACLE CORP0.01%$301,0002.4K
72ABTABBOTT LABS/UAbbott Laboratories0.01%$284,0002.5K
73CSCOCISCO SYS INCCISCO SYSTEMS INC0.01%$230,0004.6K
74CATCATERPILLAR INCCATERPILLAR INC0.01%$230,000630
75ABBVABBVIE INCABBVIE INC0.01%$218,0001.2K
76INTCINTEL CORPINTEL CORP0.00%$201,0004.6K
77LXRXLEXICON PHARMALEXICON PHARMACEUTICALS INC0.00%$119,00050.0K

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 ↗.