SEC 13F Intelligence

Managers / Q3 2024 · view latest →

Lazard Freres Gestion S.A.S.

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

Reported Value
$4.7B
Q3 2024
Positions
97
Filings on Record
22
2021–present window
Filed
Nov 13, 2024
original filing

Summary

Lazard Freres Gestion S.a.s. reported $4.7B in U.S.-listed holdings across 97 positions for Q3 2024.

Its largest position, MSFT, represents 9.0% of the portfolio.

Compared with Q2 2024, the fund opened 5 new positions and exited 1.

Portfolio Metrics

Turnover
+2.3%
vs prior filed quarter
Top-10 Concentration
+49.9%
share of reported value
Largest Position
+9.0%
Microsoft
New / Exited
5 / 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: 99.0%ETP: 1.0%REIT: 0.0%
  • Common Stock · 99.0% · $4.7B
  • ETP · 1.0% · $47M
  • REIT · 0.0% · $686,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
UBERUBER TECHNOLOGINEW+54.0K54.0K+$4M$4M
SPOTSPOTIFY TECHNOLNEW+7.4K7.4K+$3M$3M
LAZLAZARD INCNEW+13.1K13.1K+$659,000$659,000
COTYCOTY INCNEW+42.0K42.0K+$394,000$394,000
IBMINTL BUS MACHNEW+942942+$208,000$208,000
AVGOBROADCOM INCADDED+34.6K36.5K+$3M$6M
MUMICRON TECHNOLOADDED+29.0K41.0K+$3M$4M
CDNSCADENCE DESIGNADDED+8.5K13.9K+$2M$4M

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

Holdings — Q3 2024

97 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →MICROSOFT CORP9.03%$426M989.8K
2AMZNAMAZON.COM INChistory →AMAZON.COM INC7.07%$334M1.79M
3GOOGLALPHABET INC Ahistory →ALPHABET INC-CL A5.08%$240M1.45M
4AAPLAPPLE INC/Uhistory →Apple Inc5.02%$237M1.02M
5VVISA INChistory →VISA INC-CLASS A SHARES4.82%$227M827.2K
6ACNACCENTURE PLChistory →ACCENTURE PLC-CL A4.70%$222M627.4K
7ZTSZOETIS INChistory →ZOETIS INC3.69%$174M891.0K
8NVDANVIDIA CORPhistory →NVIDIA CORP3.59%$169M1.39M
9MRKMERCK & CO/Uhistory →Merck & Co Inc3.54%$167M1.47M
10RTXRAYTHEON TECHhistory →RTX CORP3.37%$159M1.31M
11PHPARKER HANNIFINhistory →PARKER HANNIFIN CORP3.36%$159M251.2K
12BDXBECTON DICKIN/Uhistory →Becton Dickinson & Co3.16%$149M618.2K
13GOOGALPHABET INC Chistory →ALPHABET INC-CL C2.76%$130M777.9K
14MSIMOTOROLA SOLhistory →MOTOROLA SOLUTIONS INC2.36%$112M248.1K
15OTISOTIS WORLDWIDEhistory →OTIS WORLDWIDE CORP2.25%$106M1.02M
16MDTMEDTRONIC PLChistory →MEDTRONIC PLC2.21%$104M1.16M
17ELESTEE LAUDERhistory →ESTEE LAUDER COMPANIES-CL A2.11%$100M999.5K
18CVXCHEVRON CORP/Uhistory →Chevron Corp2.06%$97M658.7K
19ECLECOLAB INChistory →ECOLAB INC1.87%$88M345.7K
20AMATAPPLIED MATLS Ihistory →APPLIED MATERIALS INC1.76%$83M412.1K
21ICEINTERCONTINENhistory →INTERCONTINENTAL EXCHANGE IN1.57%$74M462.2K
22APHAMPHENOL CORPhistory →AMPHENOL CORP-CL A1.45%$68M1.05M
23BALLBALL CORP/Uhistory →Ball Corp1.40%$66M974.8K
24NKENIKE INC CL Bhistory →NIKE INC -CL B1.40%$66M747.7K
25DISWALT DISNEY COhistory →WALT DISNEY CO/THE1.36%$64M668.2K
26ADBEADOBE INChistory →ADOBE INC1.33%$63M121.6K
27KLACKLA CORPhistory →KLA CORP1.30%$61M79.1K
28MSMORGAN STANLEYhistory →MORGAN STANLEY1.16%$55M523.8K
29TMUST-MOBIL US INChistory →T-MOBILE US INC1.11%$52M253.4K
30ROSTROSS STORES INChistory →ROSS STORES INC1.10%$52M344.9K
31HONHONEYWELL INTLhistory →HONEYWELL INTERNATIONAL INC1.03%$49M235.8K
32CLCOLGATE PALMO/Uhistory →Colgate Palmolive Co1.00%$47M456.4K
33MDLZMONDELEZ INTL/Uhistory →Mondelez International Inc0.99%$47M637.0K
34PGPROCTER & GAM/Uhistory →Procter & Gamble Co0.97%$46M265.6K
35COSTCOSTCO WHOLEhistory →COSTCO WHOLESALE CORP0.97%$46M51.7K
36BACBANK OF AMERICAhistory →BANK OF AMERICA CORP0.90%$43M1.07M
37SPYSPDR S&P 500history →SPDR S&P 500 ETF TRUST0.86%$41M70.9K
38WFCWELLS FARGO COhistory →WELLS FARGO & CO0.83%$39M693.1K
39JNJJOHN & JOHN COMhistory →JOHNSON & JOHNSON0.82%$39M239.2K
40PEPPEPSICO INChistory →PEPSICO INC0.68%$32M188.2K
41EOGEOG RESOURCES/Uhistory →EOG Resources Inc0.64%$30M246.6K
42METAFACEBOOK INC/Uhistory →Facebook Inc - A - Unmanaged0.59%$28M48.6K
43BRK/BBERKSHR HAT B/Uhistory →Berkshire Hathaway Inc Cl B0.58%$27M59.3K
44HDHOME DEPOT INChistory →HOME DEPOT INC0.23%$11M27.3K
45BRK/ABERKSHIRE-HAT Ahistory →BERKSHIRE HATHAWAY INC-CL A0.23%$11M16
46AMDADV MICRO DEV IADVANCED MICRO DEVICES0.14%$7M40.7K
47AVGOBROADCOM INCBROADCOM INC0.13%$6M36.5K
48NOWSERVICENOWSERVICENOW INC0.13%$6M7.0K
49CRMSALESFORCE INCSALESFORCE INC0.12%$6M21.1K
50MUMICRON TECHNOLOMICRON TECHNOLOGY INC0.09%$4M41.0K
51UBERUBER TECHNOLOGIUBER TECHNOLOGIES INC0.09%$4M54.0K
52SNPSSYNOPSYS INCSYNOPSYS INC0.09%$4M8.0K
53CDNSCADENCE DESIGNCADENCE DESIGN SYS INC0.08%$4M13.9K
54SPOTSPOTIFY TECHNOLSPOTIFY TECHNOLOGY SA0.06%$3M7.4K
55AXPAMER EXPRESS COAMERICAN EXPRESS CO0.05%$2M8.2K
56IVViSHR CORE S&PISHARES CORE S&P 500 ETF0.04%$2M3.5K
57VTEBVNGD MUNIVANGUARD TAX-EXEMPT BOND ETF0.04%$2M37.5K
58CVSCVS HEALTH CORPCVS HEALTH CORP0.04%$2M29.8K
59AWKAMERICAN WATERAMERICAN WATER WORKS CO INC0.04%$2M11.9K
60SPGIS&P GLOBAL INCS&P GLOBAL INC0.04%$2M3.3K
61HLTHILTON WORLDHILTON WORLDWIDE HOLDINGS IN0.04%$2M7.4K
62CARRCARRIER GLOBALCARRIER GLOBAL CORP0.03%$2M20.0K
63JCIJOHNSON CTRL INJOHNSON CONTROLS INTERNATION0.03%$1M19.2K
64CICIGNA GROUP/THETHE CIGNA GROUP0.03%$1M4.0K
65LLYLILLY ELI & COELI LILLY & CO0.02%$882,000996
66XYLXYLEM INCXYLEM INC0.02%$852,0006.3K
67SYKSTRYKER CORPSTRYKER CORP0.02%$722,0002.0K
68PWRQUANTA SERVICESQUANTA SERVICES INC0.02%$712,0002.4K
69PLDPROLOGIS INCPROLOGIS INC0.01%$686,0005.4K
70LAZLAZARD INCLAZARD INC0.01%$659,00013.1K
71KOCOCA COLA COCOCA-COLA CO/THE0.01%$630,0008.8K
72ADPAUTOMATIC DATAAUTOMATIC DATA PROCESSING0.01%$626,0002.3K
73FSLRFIRST SOLAR INCFIRST SOLAR INC0.01%$611,0002.5K
74EXMOCEXXON MOBIL/UExxon Mobil Corp0.01%$603,0005.2K
75TTEKTETRA TECH INCTETRA TECH INC0.01%$603,00012.8K
76KAIKADANT INCKADANT INC0.01%$588,0001.7K
77QQQINVESCO QQQINVESCO QQQ TRUST SERIES 10.01%$585,0001.2K
78IJHiSHR CORE SP MCISHARES CORE S&P MIDCAP ETF0.01%$563,0009.1K
79NFLXNETFLIX INCNETFLIX INC0.01%$561,000792
80CLHCLEAN HARBORSCLEAN HARBORS INC0.01%$546,0002.3K
81IJRiSHR CORE SP SCISHARES CORE S&P SMALL-CAP E0.01%$538,0004.6K
82ONONON HOLDING AGON HOLDING AG-CLASS A0.01%$514,00010.3K
83TSLATESLA INCTESLA INC0.01%$479,0001.8K
84OCOWENS CORNINGOWENS CORNING0.01%$473,0002.7K
85FLNCFLUENCE ENERGYFLUENCE ENERGY INC0.01%$469,00020.7K
86JJacobs Solutions IncJACOBS SOLUTIONS INC0.01%$466,0003.6K
87ENPHENPHASE ENERGYENPHASE ENERGY INC0.01%$420,0003.7K
88ORCLORACLE CORP/UOracle Corp0.01%$408,0002.4K
89COTYCOTY INCCOTY INC-CL A0.01%$394,00042.0K
90WMSADVANCED DRAINAADVANCED DRAINAGE SYSTEMS IN0.01%$389,0002.5K
91JPMJPMORGAN CHA/UJPMorgan Chase & Co0.01%$342,0001.6K
92VTWOVANGUARD RS 200VANGUARD RUSSELL 2000 ETF0.01%$314,0003.5K
93ABTABBOTT LABS/UAbbott Laboratories0.01%$285,0002.5K
94CATCATERPILLAR INCCATERPILLAR INC0.01%$246,000630
95CSCOCISCO SYS INCCISCO SYSTEMS INC0.01%$245,0004.6K
96IBMINTL BUS MACHINTL BUSINESS MACHINES CORP0.00%$208,000942
97NXTNEXTRACKER INC-CL ANEXTRACKER INC-CL A0.00%$203,0005.4K

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 ↗.