SEC 13F Intelligence

Managers / Q2 2024 · view latest →

Lazard Freres Gestion S.A.S.

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

Reported Value
$4.3B
Q2 2024
Positions
93
Filings on Record
22
2021–present window
Filed
Jul 29, 2024
original filing

Summary

Lazard Freres Gestion S.a.s. reported $4.3B in U.S.-listed holdings across 93 positions for Q2 2024.

Its largest position, MSFT, represents 9.7% of the portfolio.

Compared with Q1 2024, the fund opened 19 new positions and exited 3.

Portfolio Metrics

Turnover
+2.7%
vs prior filed quarter
Top-10 Concentration
+50.5%
share of reported value
Largest Position
+9.7%
Microsoft
New / Exited
19 / 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: 99.0%ETP: 1.0%REIT: 0.0%
  • Common Stock · 99.0% · $4.3B
  • ETP · 1.0% · $42M
  • REIT · 0.0% · $439,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NOWSERVICENOWNEW+7.0K7.0K+$6M$6M
SNPSSYNOPSYS INCNEW+8.0K8.0K+$5M$5M
AVGOBROADCOM INCNEW+1.9K1.9K+$3M$3M
CDNSCADENCE DESIGNNEW+5.4K5.4K+$2M$2M
MUMICRON TECHNOLONEW+12.0K12.0K+$2M$2M
AWKAMERICAN WATERNEW+11.0K11.0K+$1M$1M
XYLXYLEM INCNEW+5.8K5.8K+$684,000$684,000
PWRQUANTA SERVICESNEW+2.0K2.0K+$442,000$442,000

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

Holdings — Q2 2024

93 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →MICROSOFT CORP9.73%$422M968.0K
2AMZNAMAZON.COM INChistory →AMAZON.COM INC7.45%$323M1.70M
3GOOGLALPHABET INC Ahistory →ALPHABET INC-CL A5.69%$247M1.40M
4VVISA INChistory →VISA INC-CLASS A SHARES4.96%$215M837.3K
5MRKMERCK & CO INChistory →MERCK & CO. INC.4.49%$195M1.60M
6ACNACCENTURE PLChistory →ACCENTURE PLC-CL A4.27%$185M620.4K
7AAPLAPPLE INChistory →APPLE INC4.01%$174M844.9K
8NVDANVIDIA CORPhistory →NVIDIA CORP3.37%$146M1.23M
9GOOGALPHABET INC Chistory →ALPHABET INC-CL C3.29%$143M778.2K
10RTXRAYTHEON TECHhistory →RTX CORP3.24%$141M1.43M
11BDXBECTON DICKINSOhistory →BECTON DICKINSON AND CO3.12%$135M590.7K
12PHPARKER HANNIFINhistory →PARKER HANNIFIN CORP3.08%$134M270.6K
13ZTSZOETIS INChistory →ZOETIS INC2.73%$118M693.6K
14CVXCHEVRON CORPhistory →CHEVRON CORP2.44%$106M690.7K
15OTISOTIS WORLDWIDEhistory →OTIS WORLDWIDE CORP2.26%$98M1.04M
16MSIMOTOROLA SOLhistory →MOTOROLA SOLUTIONS INC2.18%$94M255.0K
17ECLECOLAB INChistory →ECOLAB INC1.86%$81M350.6K
18KLACKLA CORPhistory →KLA CORP1.76%$76M96.6K
19AMATAPPLIED MATLS Ihistory →APPLIED MATERIALS INC1.73%$75M331.5K
20APHAMPHENOL CORPhistory →AMPHENOL CORP-CL A1.71%$74M1.14M
21MDTMEDTRONIC PLChistory →MEDTRONIC PLC1.65%$71M938.6K
22ELESTEE LAUDERhistory →ESTEE LAUDER COMPANIES-CL A1.61%$70M673.8K
23ADBEADOBE INChistory →ADOBE INC1.51%$66M124.1K
24DISWALT DISNEY COhistory →WALT DISNEY CO/THE1.50%$65M675.4K
25ICEINTERCONTINENhistory →INTERCONTINENTAL EXCHANGE IN1.50%$65M494.6K
26BALLBALL CORPhistory →BALL CORP1.34%$58M995.7K
27COSTCOSTCO WHOLEhistory →COSTCO WHOLESALE CORP1.20%$52M63.7K
28HONHONEYWELL INTLhistory →HONEYWELL INTERNATIONAL INC1.17%$51M247.1K
29ROSTROSS STORES INChistory →ROSS STORES INC1.16%$50M364.0K
30MSMORGAN STANLEYhistory →MORGAN STANLEY1.14%$49M532.6K
31BACBANK OF AMERICAhistory →BANK OF AMERICA CORP1.11%$48M1.27M
32TMUST-MOBIL US INChistory →T-MOBILE US INC1.07%$47M275.3K
33CLCOLGATE PALMOLhistory →COLGATE-PALMOLIVE CO1.06%$46M494.9K
34WFCWELLS FARGO COhistory →WELLS FARGO & CO1.05%$46M800.6K
35NKENIKE INC CL Bhistory →NIKE INC -CL B1.00%$43M607.0K
36PGPROCTER & GAMBLhistory →PROCTER & GAMBLE CO/THE0.98%$42M256.7K
37MDLZMONDELEZ INTLhistory →MONDELEZ INTERNATIONAL INC-A0.93%$40M642.7K
38SPYSPDR S&P 500history →SPDR S&P 500 ETF TRUST0.83%$36M66.1K
39JNJJOHN & JOHN COMhistory →JOHNSON & JOHNSON0.81%$35M239.2K
40PEPPEPSICO INChistory →PEPSICO INC0.76%$33M208.0K
41EOGEOG RESOURCEShistory →EOG RESOURCES INC0.72%$31M256.7K
42BRK/BBERKSHIRE-HAThistory →BERKSHIRE HATHAWAY INC-CL B0.51%$22M54.2K
43METAMETA PLATFORMShistory →META PLATFORMS INC-CLASS A0.26%$11M22.7K
44HDHOME DEPOT INCHOME DEPOT INC0.23%$10M28.6K
45BRK/ABERKSHIRE-HAT ABERKSHIRE HATHAWAY INC-CL A0.17%$7M12
46AMDADV MICRO DEV IADVANCED MICRO DEVICES0.15%$6M40.4K
47CRMSALESFORCE INCSALESFORCE INC0.14%$6M24.3K
48NOWSERVICENOWSERVICENOW INC0.13%$6M7.0K
49SNPSSYNOPSYS INCSYNOPSYS INC0.11%$5M8.0K
50AVGOBROADCOM INCBROADCOM INC0.07%$3M1.9K
51LLYLILLY ELI & COELI LILLY & CO0.06%$3M2.8K
52IVViSHR CORE S&PISHARES CORE S&P 500 ETF0.04%$2M3.5K
53AXPAMER EXPRESS COAMERICAN EXPRESS CO0.04%$2M8.2K
54VTEBVNGD MUNIVANGUARD TAX-EXEMPT BOND ETF0.04%$2M37.5K
55CVSCVS HEALTH CORPCVS HEALTH CORP0.04%$2M29.8K
56CDNSCADENCE DESIGNCADENCE DESIGN SYS INC0.04%$2M5.4K
57MUMICRON TECHNOLOMICRON TECHNOLOGY INC0.04%$2M12.0K
58HLTHILTON WORLDHILTON WORLDWIDE HOLDINGS IN0.03%$1M6.8K
59CARRCARRIER GLOBALCARRIER GLOBAL CORP0.03%$1M20.0K
60AWKAMERICAN WATERAMERICAN WATER WORKS CO INC0.03%$1M11.0K
61SPGIS&P GLOBAL INCS&P GLOBAL INC0.03%$1M3.1K
62CICIGNA GROUP/THETHE CIGNA GROUP0.02%$1M3.7K
63JCIJOHNSON CTRL INJOHNSON CONTROLS INTERNATION0.02%$1M17.8K
64ADPAUTOMATIC DATAAUTOMATIC DATA PROCESSING0.02%$754,0003.6K
65MMM3M Co3M CO0.02%$744,0007.2K
66XYLXYLEM INCXYLEM INC0.02%$684,0005.8K
67SYKSTRYKER CORPSTRYKER CORP0.02%$680,0002.0K
68EXMOCEXXON MOBILEXXON MOBIL CORP0.01%$591,0005.2K
69KOCOCA COLA COCOCA-COLA CO/THE0.01%$560,0008.8K
70NFLXNETFLIX INCNETFLIX INC0.01%$541,000792
71QQQINVESCO QQQINVESCO QQQ TRUST SERIES 10.01%$539,0001.1K
72IJHiSHR CORE SP MCISHARES CORE S&P MIDCAP ETF0.01%$527,0009.1K
73IJRiSHR CORE SP SCISHARES CORE S&P SMALL-CAP E0.01%$486,0004.6K
74ONONON HOLDING AGON HOLDING AG-CLASS A0.01%$459,00011.8K
75PWRQUANTA SERVICESQUANTA SERVICES INC0.01%$442,0002.0K
76PLDPROLOGIS INCPROLOGIS INC0.01%$439,0004.5K
77JPMJPMORGAN CHASEJPMORGAN CHASE & CO0.01%$435,0002.2K
78VTWOVANGUARD RS 200VANGUARD RUSSELL 2000 ETF0.01%$424,0005.2K
79KAIKADANT INCKADANT INC0.01%$409,0001.6K
80CLHCLEAN HARBORSCLEAN HARBORS INC0.01%$374,000190.0K
81TSLATESLA INCTESLA INC0.01%$361,0001.8K
82OCOWENS CORNINGOWENS CORNING0.01%$347,0002.3K
83ORCLORACLE CORPORACLE CORP0.01%$336,0002.4K
84JJacobs Solutions IncJACOBS SOLUTIONS INC0.01%$334,0002.8K
85FSLRFIRST SOLAR INCFIRST SOLAR INC0.01%$333,0001.7K
86TTEKTETRA TECH INCTETRA TECH INC0.01%$329,000185.0K
87ENPHENPHASE ENERGYENPHASE ENERGY INC0.01%$269,0003.1K
88ABTABBOTT LABSABBOTT LABORATORIES0.01%$260,0002.5K
89WMSADVANCED DRAINAADVANCED DRAINAGE SYSTEMS IN0.01%$251,000180.0K
90FLNCFLUENCE ENERGYFLUENCE ENERGY INC0.01%$233,0001.55M
91CSCOCISCO SYS INCCISCO SYSTEMS INC0.01%$218,0004.6K
92CATCATERPILLAR INCCATERPILLAR INC0.00%$206,000630
93NXTNEXTRACKER INCNEXTRACKER INC-CL A0.00%$204,000500.0K

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 ↗.