SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Lazard Freres Gestion S.A.S.

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

Reported Value
$4.8B
Q2 2025
Positions
110
Filings on Record
22
2021–present window
Filed
Jul 31, 2025
original filing

Summary

Lazard Freres Gestion S.a.s. reported $4.8B in U.S.-listed holdings across 110 positions for Q2 2025.

Its largest position, MSFT, represents 10.6% of the portfolio.

Compared with Q1 2025, the fund opened 15 new positions and exited 8.

Portfolio Metrics

Turnover
+3.7%
vs prior filed quarter
Top-10 Concentration
+50.3%
share of reported value
Largest Position
+10.6%
Microsoft Ms
New / Exited
15 / 8
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: 98.8%ETP: 1.1%ADR: 0.1%REIT: 0.0%
  • Common Stock · 98.8% · $4.7B
  • ETP · 1.1% · $53M
  • ADR · 0.1% · $3M
  • REIT · 0.0% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MTDMETTLER INTLNEW+11.3K11.3K+$13M$13M
PINSPINTEREST INCNEW+60.0K60.0K+$2M$2M
VRSKVERISK ANALYTICNEW+5.0K5.0K+$2M$2M
TYLTYLER TECHNOLOGNEW+2.0K2.0K+$1M$1M
CBOECBOE GLOBALNEW+3.4K3.4K+$792,000$792,000
VERXVERTEX INCNEW+20.0K20.0K+$706,000$706,000
CWENCLEARWAY-ENERGYNEW+19.5K19.5K+$624,000$624,000
AYIACUITY BRANDSNEW+2.0K2.0K+$596,000$596,000

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

Holdings — Q2 2025

110 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT/MShistory →Microsoft Corp CFD MS10.56%$505M1.02M
2AMZNAMAZON.COM INChistory →AMAZON.COM INC6.70%$321M1.46M
3AAPLAPPLE INC/Uhistory →Apple Inc5.27%$252M1.23M
4GOOGLALPHABET INC Ahistory →ALPHABET INC-CL A5.20%$249M1.41M
5NVDANVIDIA CORPhistory →NVIDIA CORP4.86%$233M0
6VVISA INChistory →VISA INC-CLASS A SHARES4.68%$224M630.8K
7ACNACCENTURE PLChistory →ACCENTURE PLC-CL A3.60%$172M576.7K
8RTXRAYTHEON TECHhistory →RTX CORP3.47%$166M1.14M
9ZTSZOETIS INChistory →ZOETIS INC3.38%$162M1.04M
10MDTMEDTRONIC PLChistory →MEDTRONIC PLC2.62%$125M1.44M
11METAFACEBOOK INC/Uhistory →Facebook Inc - A - Unmanaged2.61%$125M169.1K
12MSIMOTOROLA SOLhistory →MOTOROLA SOLUTIONS INC2.53%$121M287.7K
13AMATAPPLIED MATLS Ihistory →APPLIED MATERIALS INC2.19%$105M571.6K
14MRKMERCK & CO/Uhistory →Merck & Co Inc1.92%$92M0
15APHAMPHENOL CORPhistory →AMPHENOL CORP-CL A1.89%$91M918.6K
16OTISOTIS WORLDWIDEhistory →OTIS WORLDWIDE CORP1.89%$90M913.8K
17BDXBECTON DICKIN/Uhistory →Becton Dickinson & Co1.85%$89M514.1K
18PHPARKER HANNIFINhistory →PARKER HANNIFIN CORP1.83%$88M0
19ECLECOLAB INChistory →ECOLAB INC1.63%$78M290.4K
20ICEINTERCONTINENhistory →INTERCONTINENTAL EXCHANGE IN1.63%$78M424.8K
21COSTCOSTCO WHOLEhistory →COSTCO WHOLESALE CORP1.59%$76M76.9K
22ELESTEE LAUDERhistory →ESTEE LAUDER COMPANIES-CL A1.39%$67M0
23KLACKLA CORPhistory →KLA CORP1.39%$66M74.1K
24DISWALT DISNEY COhistory →WALT DISNEY CO/THE1.31%$63M505.0K
25CLCOLGATE PALMO/Uhistory →Colgate Palmolive Co1.28%$61M673.4K
26MSMORGAN STANLEYhistory →MORGAN STANLEY1.27%$61M432.3K
27LLYLILLY ELI & COhistory →ELI LILLY & CO1.26%$60M77.3K
28HONHONEYWELL INTLhistory →HONEYWELL INTERNATIONAL INC1.21%$58M248.1K
29AVGOBROADCOM INChistory →BROADCOM INC1.11%$53M0
30MARMARRIOTT INTL Ihistory →MARRIOTT INTERNATIONAL -CL A1.07%$51M187.0K
31JPMJPMORGAN CHA/Uhistory →JPMorgan Chase & Co1.06%$51M175.6K
32IDXXIDEXX LABS CORPhistory →IDEXX LABORATORIES INC1.02%$49M90.9K
33NKENIKE INC CL Bhistory →NIKE INC -CL B1.02%$49M0
34SPYSPDR S&P 500history →SPDR S&P 500 ETF TRUST0.99%$47M76.5K
35WFCWELLS FARGO COhistory →WELLS FARGO & CO0.98%$47M0
36MDLZMONDELEZ INTL/Uhistory →Mondelez International Inc0.97%$46M685.5K
37ROSTROSS STORES INChistory →ROSS STORES INC0.94%$45M0
38TMUST-MOBIL US INChistory →T-MOBILE US INC0.91%$44M183.5K
39MCOMOODY'S CORPhistory →MOODY'S CORP0.85%$41M81.4K
40SPGIS&P GLOBAL INChistory →S&P GLOBAL INC0.84%$40M76.7K
41CVXCHEVRON CORP/Uhistory →Chevron Corp0.84%$40M282.3K
42BRK/BBERKSHR HAT B/Uhistory →Berkshire Hathaway Inc Cl B0.84%$40M83.0K
43ADBEADOBE INChistory →ADOBE INC0.74%$36M92.1K
44MLMMARTIN MARIETTAhistory →MARTIN MARIETTA MATERIALS0.57%$27M49.4K
45SPOTSPOTIFY TECHNOLhistory →SPOTIFY TECHNOLOGY SA0.50%$24M31.5K
46EOGEOG RESOURCES/Uhistory →EOG Resources Inc0.39%$19M155.1K
47GOOGALPHABET INC Chistory →ALPHABET INC-CL C0.33%$16M88.3K
48MTDMETTLER INTLhistory →METTLER-TOLEDO INTERNATIONAL0.28%$13M11.3K
49BRK/ABERKSHIRE-HAT Ahistory →BERKSHIRE HATHAWAY INC-CL A0.27%$13M18
50CRMSALESFORCE INChistory →SALESFORCE INC0.23%$11M40.9K
51BALLBALL CORP/Uhistory →Ball Corp0.23%$11M192.8K
52HDHOME DEPOT INCHOME DEPOT INC0.20%$9M25.9K
53PGPROCTER & GAM/UProcter & Gamble Co0.19%$9M0
54NFLXNETFLIX INCNETFLIX INC0.13%$6M0
55AMDADV MICRO DEV IADVANCED MICRO DEVICES0.09%$4M0
56NOWSERVICENOWSERVICENOW INC0.08%$4M3.9K
57UBERUBER TECHNOLOGIUBER TECHNOLOGIES INC0.08%$4M42.1K
58MUMICRON TECHNOLOMICRON TECHNOLOGY INC0.07%$4M28.5K
59SNPSSYNOPSYS INCSYNOPSYS INC0.07%$3M6.8K
60CDNSCADENCE DES/UCadence Design Systems0.07%$3M11.2K
61ARMARM HOLDINGS PLCARM HOLDINGS PLC-ADR0.07%$3M0
62BACBANK OF AMERICABANK OF AMERICA CORP0.07%$3M66.4K
63AXPAMER EXPRESS COAMERICAN EXPRESS CO0.05%$2M7.8K
64AWKAMERICAN WATERAMERICAN WATER WORKS CO INC0.05%$2M17.4K
65PINSPINTEREST INCPINTEREST INC- CLASS A0.04%$2M60.0K
66IVViSHR CORE S&PISHARES CORE S&P 500 ETF0.04%$2M3.1K
67PLDPROLOGIS INCPROLOGIS INC0.04%$2M18.0K
68JCIJOHNSON CTRL INJOHNSON CONTROLS INTERNATION0.04%$2M17.7K
69VTEBVNGD MUNIVANGUARD TAX-EXEMPT BOND ETF0.04%$2M0
70HLTHILTON WORLDHILTON WORLDWIDE HOLDINGS IN0.04%$2M6.8K
71VRSKVERISK ANALYTICVERISK ANALYTICS INC0.03%$2M5.0K
72CARRCARRIER GLOBALCARRIER GLOBAL CORP0.03%$1M19.9K
73CICIGNA GROUP/THETHE CIGNA GROUP0.03%$1M4.2K
74PWRQUANTA SERVICESQUANTA SERVICES INC0.03%$1M3.4K
75TYLTYLER TECHNOLOGTYLER TECHNOLOGIES INC0.02%$1M2.0K
76CVSCVS HEALTH CORPCVS HEALTH CORP0.02%$1M16.1K
77XYLXYLEM INCXYLEM INC0.02%$1M8.3K
78TTEKTETRA TECH INCTETRA TECH INC0.02%$928,00025.8K
79JNJJOHN & JOHN COMJOHNSON & JOHNSON0.02%$907,0000
80FSLRFIRST SOLAR INCFIRST SOLAR INC0.02%$892,0005.4K
81CBOECBOE GLOBALCBOE GLOBAL MARKETS INC0.02%$792,0003.4K
82SYKSTRYKER CORPSTRYKER CORP0.02%$791,0002.0K
83CLHCLEAN HARBORSCLEAN HARBORS INC0.02%$749,0003.2K
84VERXVERTEX INCVERTEX INC - CLASS A0.01%$706,00020.0K
85OCOWENS CORNINGOWENS CORNING0.01%$666,0004.8K
86CWENCLEARWAY-ENERGYCLEARWAY ENERGY INC-C0.01%$624,00019.5K
87IBMINTL BUS MACHINTL BUSINESS MACHINES CORP0.01%$612,0002.1K
88KOCOCA COLA COCOCA-COLA CO/THE0.01%$608,0008.6K
89AYIACUITY BRANDSACUITY INC0.01%$596,0002.0K
90WMWASTE MANAGEM/UWaste Management Inc/U0.01%$593,0000
91IJHiSHR CORE SP MCISHARES CORE S&P MIDCAP ETF0.01%$561,0000
92EXMOCEXXON MOBIL/UExxon Mobil Corp0.01%$555,0005.2K
93QQQINVESCO QQQINVESCO QQQ TRUST SERIES 10.01%$554,0001.0K
94BMIBADGER METER INBADGER METER INC0.01%$551,0002.3K
95ORCLORACLE CORP/UOracle Corp0.01%$524,0002.4K
96NXTNEXTRACKER INC-CL ANEXTRACKER INC-CL A0.01%$519,0009.6K
97IJRiSHR CORE S&P/UiShares Core S&P SmallCap ETF0.01%$502,0004.6K
98OLEDUNIVERSAL DISPLUNIVERSAL DISPLAY CORP0.01%$463,0003.0K
99ONONON HOLDING AGON HOLDING AG-CLASS A0.01%$437,0000
100TSLATESLA INCTESLA INC0.01%$416,0001.3K

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 ↗.