SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Lazard Freres Gestion S.A.S.

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

Reported Value
$4.1B
Q1 2025
Positions
103
Filings on Record
22
2021–present window
Filed
May 7, 2025
original filing

Summary

Lazard Freres Gestion S.a.s. reported $4.1B in U.S.-listed holdings across 103 positions for Q1 2025.

Its largest position, MSFT, represents 8.8% of the portfolio.

Compared with Q4 2024, the fund opened 5 new positions and exited 3.

Portfolio Metrics

Turnover
+4.7%
vs prior filed quarter
Top-10 Concentration
+49.9%
share of reported value
Largest Position
+8.8%
Microsoft
New / Exited
5 / 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: 98.7%ETP: 1.2%ADR: 0.0%REIT: 0.0%
  • Common Stock · 98.7% · $4.1B
  • ETP · 1.2% · $49M
  • ADR · 0.0% · $2M
  • REIT · 0.0% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MCOMOODY'S CORPNEW+39.2K39.2K+$18M$18M
BABAALIBABA GRP ADRNEW+2.2K2.2K+$291,000$291,000
NXTNEXTRACKER INC-CL ANEW+6.8K6.8K+$284,000$284,000
HESHESS CORPNEW+1.4K1.4K+$223,000$223,000
WMTWALMARTNEW+2.5K2.5K+$217,000$217,000
JPMJPMORGAN CHA/UADDED+180.2K181.8K+$44M$45M
LLYLILLY ELI & COADDED+31.8K36.1K+$27M$30M
SPOTSPOTIFY TECHNOLADDED+27.8K35.1K+$16M$19M

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

Holdings — Q1 2025

103 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →MICROSOFT CORP8.80%$362M964.0K
2AMZNAMAZON.COM INChistory →AMAZON.COM INC6.26%$258M1.35M
3GOOGLALPHABET INC Ahistory →ALPHABET INC-CL A5.67%$233M1.51M
4AAPLAPPLE INC/Uhistory →Apple Inc5.61%$231M1.04M
5VVISA INChistory →VISA INC-CLASS A SHARES5.55%$228M651.2K
6ACNACCENTURE PLChistory →ACCENTURE PLC-CL A4.12%$170M543.5K
7ZTSZOETIS INChistory →ZOETIS INC3.85%$158M962.5K
8NVDANVIDIA CORPhistory →NVIDIA CORP3.50%$144M1.33M
9BDXBECTON DICKIN/Uhistory →Becton Dickinson & Co3.43%$141M615.6K
10RTXRAYTHEON TECHhistory →RTX CORP3.13%$129M972.5K
11MDTMEDTRONIC PLChistory →MEDTRONIC PLC3.02%$124M1.38M
12MSIMOTOROLA SOLhistory →MOTOROLA SOLUTIONS INC2.44%$100M229.4K
13METAFACEBOOK INC/Uhistory →Facebook Inc - A - Unmanaged2.13%$88M151.9K
14CVXCHEVRON CORP/Uhistory →Chevron Corp2.04%$84M502.4K
15MRKMERCK & CO/Uhistory →Merck & Co Inc2.02%$83M923.3K
16OTISOTIS WORLDWIDEhistory →OTIS WORLDWIDE CORP1.96%$81M780.3K
17ECLECOLAB INChistory →ECOLAB INC1.93%$79M313.3K
18ICEINTERCONTINENhistory →INTERCONTINENTAL EXCHANGE IN1.74%$72M414.7K
19AMATAPPLIED MATLS Ihistory →APPLIED MATERIALS INC1.74%$71M492.6K
20ELESTEE LAUDERhistory →ESTEE LAUDER COMPANIES-CL A1.72%$71M1.07M
21APHAMPHENOL CORPhistory →AMPHENOL CORP-CL A1.57%$65M986.4K
22PHPARKER HANNIFINhistory →PARKER HANNIFIN CORP1.47%$60M99.1K
23DISWALT DISNEY COhistory →WALT DISNEY CO/THE1.42%$58M592.2K
24HONHONEYWELL INTLhistory →HONEYWELL INTERNATIONAL INC1.28%$53M248.5K
25KLACKLA CORPhistory →KLA CORP1.24%$51M75.0K
26WFCWELLS FARGO COhistory →WELLS FARGO & CO1.21%$50M695.8K
27MSMORGAN STANLEYhistory →MORGAN STANLEY1.21%$50M425.4K
28COSTCOSTCO WHOLEhistory →COSTCO WHOLESALE CORP1.18%$49M51.4K
29TMUST-MOBIL US INChistory →T-MOBILE US INC1.16%$48M179.6K
30ADBEADOBE INChistory →ADOBE INC1.16%$48M124.2K
31MDLZMONDELEZ INTL/Uhistory →Mondelez International Inc1.11%$46M671.3K
32JPMJPMORGAN CHA/Uhistory →JPMorgan Chase & Co1.08%$45M181.8K
33ROSTROSS STORES INChistory →ROSS STORES INC1.07%$44M345.7K
34NKENIKE INC CL Bhistory →NIKE INC -CL B1.07%$44M694.5K
35SPYSPDR S&P 500history →SPDR S&P 500 ETF TRUST1.07%$44M78.4K
36CLCOLGATE PALMO/Uhistory →Colgate Palmolive Co1.05%$43M461.2K
37BRK/BBERKSHR HAT B/Uhistory →Berkshire Hathaway Inc Cl B1.01%$41M77.8K
38MARMARRIOTT INTL Ihistory →MARRIOTT INTERNATIONAL -CL A0.83%$34M144.0K
39IDXXIDEXX LABS CORPhistory →IDEXX LABORATORIES INC0.83%$34M81.2K
40BALLBALL CORP/Uhistory →Ball Corp0.76%$31M600.7K
41LLYLILLY ELI & COhistory →ELI LILLY & CO0.72%$30M36.1K
42AVGOBROADCOM INChistory →BROADCOM INC0.72%$30M177.1K
43EOGEOG RESOURCES/Uhistory →EOG Resources Inc0.65%$27M209.3K
44SPOTSPOTIFY TECHNOLhistory →SPOTIFY TECHNOLOGY SA0.47%$19M35.1K
45MCOMOODY'S CORPhistory →MOODY'S CORP0.44%$18M39.2K
46MLMMARTIN MARIETTAhistory →MARTIN MARIETTA MATERIALS0.39%$16M33.2K
47BRK/ABERKSHIRE-HAT Ahistory →BERKSHIRE HATHAWAY INC-CL A0.35%$14M18
48GOOGALPHABET INC Chistory →ALPHABET INC-CL C0.34%$14M90.4K
49CRMSALESFORCE INChistory →SALESFORCE INC0.29%$12M44.5K
50HDHOME DEPOT INCHOME DEPOT INC0.23%$10M26.1K
51PGPROCTER & GAM/UProcter & Gamble Co0.23%$9M55.4K
52ETNEATON CORP PLCEATON CORP PLC0.12%$5M17.5K
53AMDADV MICRO DEV IADVANCED MICRO DEVICES0.11%$5M45.4K
54NOWSERVICENOWSERVICENOW INC0.11%$5M5.7K
55UBERUBER TECHNOLOGIUBER TECHNOLOGIES INC0.10%$4M58.0K
56MUMICRON TECHNOLOMICRON TECHNOLOGY INC0.10%$4M46.0K
57NFLXNETFLIX INCNETFLIX INC0.09%$4M3.8K
58CDNSCADENCE DESIGNCADENCE DESIGN SYS INC0.09%$4M13.9K
59SNPSSYNOPSYS INCSYNOPSYS INC0.08%$3M8.0K
60BACBANK OF AMERICABANK OF AMERICA CORP0.06%$3M60.0K
61AWKAMERICAN WATERAMERICAN WATER WORKS CO INC0.06%$2M15.8K
62AXPAMER EXPRESS COAMERICAN EXPRESS CO0.05%$2M8.4K
63HLTHILTON WORLDHILTON WORLDWIDE HOLDINGS IN0.05%$2M8.5K
64VTEBVNGD MUNIVANGUARD TAX-EXEMPT BOND ETF0.05%$2M37.5K
65SPGIS&P GLOBAL INCS&P GLOBAL INC0.04%$2M3.6K
66JCIJOHNSON CTRL INJOHNSON CONTROLS INTERNATION0.04%$2M22.1K
67IVViSHR CORE S&PISHARES CORE S&P 500 ETF0.04%$2M3.1K
68CICIGNA GROUP/THETHE CIGNA GROUP0.04%$2M4.6K
69PLDPROLOGIS INCPROLOGIS INC0.03%$1M12.9K
70ARMARM HOLDINGS PLC XNGSARM HOLDINGS PLC-ADR0.03%$1M12.0K
71CARRCARRIER GLOBALCARRIER GLOBAL CORP0.03%$1M19.9K
72JNJJOHN & JOHN COMJOHNSON & JOHNSON0.03%$1M6.8K
73CVSCVS HEALTH CORPCVS HEALTH CORP0.03%$1M16.1K
74XYLXYLEM INCXYLEM INC0.02%$935,0007.8K
75PWRQUANTA SERVICESQUANTA SERVICES INC0.02%$800,0003.1K
76SYKSTRYKER CORPSTRYKER CORP0.02%$744,0002.0K
77KAIKADANT INCKADANT INC0.02%$727,0002.2K
78KOCOCA COLA COCOCA-COLA CO/THE0.01%$616,0008.6K
79EXMOCEXXON MOBIL/UExxon Mobil Corp0.01%$612,0005.2K
80CLHCLEAN HARBORSCLEAN HARBORS INC0.01%$579,0002.9K
81IJHiSHR CORE SP MCISHARES CORE S&P MIDCAP ETF0.01%$528,0009.1K
82IBMINTL BUS MACHINTL BUSINESS MACHINES CORP0.01%$516,0002.1K
83TTEKTETRA TECH INCTETRA TECH INC0.01%$506,00017.3K
84OCOWENS CORNINGOWENS CORNING0.01%$504,0003.5K
85IJRiSHR CORE SP SCISHARES CORE S&P SMALL-CAP E0.01%$481,0004.6K
86JJacobs Solutions IncJACOBS SOLUTIONS INC0.01%$459,0003.8K
87QQQINVESCO QQQINVESCO QQQ TRUST SERIES 10.01%$429,000915
88FSLRFIRST SOLAR INCFIRST SOLAR INC0.01%$384,0003.0K
89VTWOVANGUARD RS 200VANGUARD RUSSELL 2000 ETF0.01%$342,0004.3K
90TSLATESLA INCTESLA INC0.01%$339,0001.3K
91ORCLORACLE CORP/UOracle Corp0.01%$335,0002.4K
92WMSADVANCED DRAINAADVANCED DRAINAGE SYSTEMS IN0.01%$334,0003.1K
93ABTABBOTT LABS/UAbbott Laboratories0.01%$331,0002.5K
94ONONON HOLDING AGON HOLDING AG-CLASS A0.01%$325,0007.4K
95BABAALIBABA GRP ADRALIBABA GROUP HOLDING-SP ADR0.01%$291,0002.2K
96ENPHENPHASE ENERGYENPHASE ENERGY INC0.01%$286,0004.6K
97NXTNEXTRACKER INC-CL ANEXTRACKER INC-CL A0.01%$284,0006.8K
98COTYCOTY INCCOTY INC-CL A0.01%$267,00048.8K
99SLBSCHLUMBERGER LTSCHLUMBERGER LTD0.01%$252,0006.0K
100PEPPEPSICO INCPEPSICO INC0.01%$249,0001.7K

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 ↗.