Lazard Freres Gestion S.A.S.
Sector Allocation
- Technology48.6%$2.8B
- Financials11.7%$676.6M
- Healthcare9.7%$557.9M
- Consumer Discretionary9.6%$552.4M
- Industrials8.7%$500.7M
- Consumer Staples5.6%$325.5M
- Materials2.2%$126.9M
- Communication Services1.8%$103.6M
- Other1.3%$74.6M
- Energy0.8%$43.5M
AUM History
13fpro.ai/research/fund/lazard-freres-gestion-s-a-s-1426748
Conviction and streaks
Concentrating · top 10 = 55.0%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
GOOGL
$491.4MMSFT
$435.3MAAPL
$392.3MAMZN
$388.8MNVDA
$383.4MV
$264.8MAMAT
$263.1MRTX
$205.4MMSI
$184.8MMETA
$164.7MMRK
$147.7MPH
$138.7MAPH
$133.7MMDT
$122.9MAVGO
$115.7MCOST
$113.1MOTIS
$101.5MLLY
$101.4MKLAC
$93.3MSPGI
$91.8M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/lazard-freres-gestion-s-a-s-1426748
Lazard Freres Gestion S.A.S. 13F holdings — Q2 2026
$5.8B portfolio (+13.8% QoQ) · 115 holdings · Q2 2026 13F · top 10 are 55% of the stock portfolio
$491.4M
8.5% of stocks
+7%This quarter-11.9%Since filed10+ qtrsHeld$435.3M
7.5% of stocks
+10%This quarter+6.5%Since filed10+ qtrsHeld$392.3M
6.8% of stocks
+8%This quarter+10.1%Since filed10+ qtrsHeld$388.8M
6.7% of stocks
+2%This quarter-8.5%Since filed10+ qtrsHeld$383.4M
6.6% of stocks
+31%This quarter-1.4%Since filed4 qtrsHeld$264.8M
4.6% of stocks
+4%This quarter+9.1%Since filed10+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 4 qtrs in a row$263.1M
4.6% of stocks
-18%This quarter-26.5%Since filed10+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 3 qtrs in a row$205.4M
3.6% of stocks
+5%This quarter-11.5%Since filed10+ qtrsHeld$184.8M
3.2% of stocks
+3%This quarter+2.4%Since filed10+ qtrsHeld$164.7M
2.9% of stocks
+58%This quarter+6.9%Since filed10+ qtrsHeld
All holdings — Lazard Freres Gestion S.A.S. (Q2 2026)
115 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Merck & Co., Inc. | Healthcare | $147.7M | 2.6% | 1.15M | +1% | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | Parker-Hannifin Corp | Industrials | $138.7M | 2.4% | 142K | +16% | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | AMPHENOL CORP /DE/ | Technology | $133.7M | 2.3% | 758K | +10% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Medtronic plc | Healthcare | $122.9M | 2.1% | 1.57M | -0.6% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | Broadcom Inc. | Technology | $115.7M | 2.0% | 306K | +32% | 4 qtrsAdded 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $113.1M | 2.0% | 121K | +0.0% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | Otis Worldwide Corp | Industrials | $101.5M | 1.8% | 1.42M | +6% | 10+ qtrsAdded 5 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | ELI LILLY & Co | Healthcare | $101.4M | 1.8% | 85K | +9% | 10+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | KLA CORP | Technology | $93.3M | 1.6% | 309K | +670% | 10+ qtrsTrimmed 5 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | S&P Global Inc. | Financials | $91.8M | 1.6% | 238K | +9% | 10+ qtrsAdded 6 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | ESTEE LAUDER COMPANIES INC | Consumer Staples | $89.9M | 1.6% | 1.14M | +3% | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | MORGAN STANLEY | Financials | $83.9M | 1.4% | 401K | +2% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | COLGATE PALMOLIVE CO | Consumer Staples | $69.8M | 1.2% | 761K | -0.7% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | Zoetis Inc. | Healthcare | $68.7M | 1.2% | 956K | -9% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | SPDR S&P 500 ETF TRUSTetf/fund | — | $61.9M | 1.1% | 83K | +17% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $JPM | JPMORGAN CHASE & CO | Financials | $60.7M | 1.1% | 186K | +8% | |||
| 27 | $MAR | MARRIOTT INTERNATIONAL INC /MD/ | Consumer Discretionary | $58.6M | 1.0% | 158K | -4% | |||
| 28 | $MCO | MOODYS CORP /DE/ | Financials | $58.3M | 1.0% | 129K | +10% | |||
| 29 | $NKE | NIKE, Inc. | Consumer Discretionary | $55.7M | 1.0% | 1.36M | +11% | |||
| 30 | $ACN | Accenture plc | Technology | $54.7M | 0.9% | 440K | -34% | |||
| 31 | $ECL | ECOLAB INC. | Materials | $54.2M | 0.9% | 195K | -11% | |||
| 32 | $WFC | WELLS FARGO & COMPANY/MN | Financials | $48.4M | 0.8% | 586K | +9% | |||
| 33 | $ICE | Intercontinental Exchange, Inc. | Financials | $46.2M | 0.8% | 375K | +6% | |||
| 34 | $MTD | METTLER TOLEDO INTERNATIONAL INC/ | Healthcare | $45.1M | 0.8% | 35K | +18% | |||
| 35 | $ROST | ROSS STORES, INC. | Consumer Discretionary | $44.5M | 0.8% | 209K | -21% | |||
| 36 | $MDLZ | Mondelez International, Inc. | Consumer Staples | $44.3M | 0.8% | 766K | -7% | |||
| 37 | $DIS | Walt Disney Co | Communication Services | $44.0M | 0.8% | 457K | +3% | |||
| 38 | $MLM | MARTIN MARIETTA MATERIALS INC | Materials | $43.8M | 0.8% | 76K | -7% | |||
| 39 | $CVX | CHEVRON CORP | Energy | $42.8M | 0.7% | 258K | +2% | |||
| 40 | $IDXX | IDEXX LABORATORIES INC /DE | Healthcare | $39.8M | 0.7% | 76K | +12% | |||
| 41 | $TMUS | T-Mobile US, Inc. | Communication Services | $34.5M | 0.6% | 206K | -6% | |||
| 42 | $GOOG | Alphabet Inc. | Technology | $30.7M | 0.5% | 87K | -0.7% | |||
| 43 | $HON | HONEYWELL INTERNATIONAL INC | Industrials | $28.5M | 0.5% | 127K | -47% | |||
| 44 | $SW | Smurfit Westrock plc | Materials | $28.2M | 0.5% | 609K | New | |||
| 45 | $MU | MICRON TECHNOLOGY INC | Technology | $26.0M | 0.5% | 23K | +336% | |||
| 46 | $SPOT | Spotify Technology S.A. | Communication Services | $22.6M | 0.4% | 49K | +17% | |||
| 47 | $BDX | BECTON DICKINSON & CO | Healthcare | $19.0M | 0.3% | 126K | -59% | |||
| 48 | $BRK.B | BERKSHIRE HATHAWAY INC | Financials | $12.5M | 0.2% | 25K | -36% | |||
| 49 | $HONA | Honeywell Aerospace Inc. | Industrials | $12.3M | 0.2% | 55K | New | |||
| 50 | $BSX | BOSTON SCIENTIFIC CORP | Healthcare | $10.3M | 0.2% | 241K | +11% | |||
| 51 | $AMD | ADVANCED MICRO DEVICES INC | Technology | $9.0M | 0.2% | 16K | -12% | |||
| 52 | $SUNB | Sunbelt Rentals Holdings, Inc. | Industrials | $8.0M | 0.1% | 107K | New | |||
| 53 | $PG | PROCTER & GAMBLE Co | Consumer Staples | $7.4M | 0.1% | 51K | — | |||
| 54 | $QQQ | INVESCO QQQ TRUST, SERIES 1 | — | $6.3M | 0.1% | 8,561 | +78% | |||
| 55 | $ARM | ARM HOLDINGS PLC /UK | Technology | $4.4M | 0.1% | 12K | +0.7% | |||
| 56 | $PLD | Prologis, Inc. | Real Estate | $2.8M | 0.1% | 20K | +13% | |||
| 57 | $CDNS | CADENCE DESIGN SYSTEMS INC | Technology | $2.6M | 0.0% | 6,870 | +0.7% | |||
| 58 | $NFLX | NETFLIX INC | Communication Services | $2.5M | 0.0% | 35K | +0.6% | |||
| 59 | — | iSHR CORE S&P - ISHARES CORE S&P 500 ETF | — | $2.4M | 0.0% | 3,150 | — | |||
| 60 | $AXP | AMERICAN EXPRESS CO | Financials | $2.2M | 0.0% | 6,460 | — | |||
| 61 | $BAC | BANK OF AMERICA CORP /DE/ | Financials | $2.2M | 0.0% | 38K | -1% | |||
| 62 | $PWR | QUANTA SERVICES, INC. | Industrials | $2.0M | 0.0% | 2,770 | -10% | |||
| 63 | $HLT | Hilton Worldwide Holdings Inc. | Consumer Discretionary | $2.0M | 0.0% | 5,920 | +7% | |||
| 64 | $JCI | Johnson Controls International plc | Industrials | $1.9M | 0.0% | 13K | -11% | |||
| 65 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $1.9M | 0.0% | 5,270 | -53% | |||
| 66 | $WM | WASTE MANAGEMENT INC | Utilities | $1.7M | 0.0% | 7,596 | +23% | |||
| 67 | $NOW | ServiceNow, Inc. | Technology | $1.7M | 0.0% | 17K | +0.7% | |||
| 68 | $UBER | Uber Technologies, Inc | Technology | $1.7M | 0.0% | 23K | +0.8% | |||
| 69 | $AWK | American Water Works Company, Inc. | Utilities | $1.7M | 0.0% | 13K | +15% | |||
| 70 | $IVZ | Invesco Ltd. | Financials | $1.6M | 0.0% | 7,400 | — | |||
| 71 | $CRM | Salesforce, Inc. | Technology | $1.5M | 0.0% | 9,840 | -21% | |||
| 72 | $SNPS | SYNOPSYS INC | Technology | $1.5M | 0.0% | 3,450 | -28% | |||
| 73 | $VRSK | Verisk Analytics, Inc. | Technology | $1.2M | 0.0% | 6,880 | +0.7% | |||
| 74 | $XYL | Xylem Inc. | Industrials | $1.2M | 0.0% | 10K | +21% | |||
| 75 | $CBOE | Cboe Global Markets, Inc. | Financials | $1.2M | 0.0% | 4,850 | — | |||
| 76 | — | ISHR EXP TECH - ISHARES EXPANDED TECH SECTOR | — | $1.2M | 0.0% | 7,110 | — | |||
| 77 | $TYL | TYLER TECHNOLOGIES INC | Technology | $1.1M | 0.0% | 3,910 | -19% | |||
| 78 | $NXT | Nextpower Inc. | Technology | $1.1M | 0.0% | 9,270 | -15% | |||
| 79 | $VERX | Vertex, Inc. | Technology | $1.1M | 0.0% | 96K | +0.8% | |||
| 80 | $CI | Cigna Group | Healthcare | $1.1M | 0.0% | 3,916 | — | |||
| 81 | $CARR | CARRIER GLOBAL Corp | Industrials | $980K | 0.0% | 13K | — | |||
| 82 | $TTEK | TETRA TECH INC | Technology | $962K | 0.0% | 33K | +29% | |||
| 83 | $GS | GOLDMAN SACHS GROUP INC | Financials | $941K | 0.0% | 931 | — | |||
| 84 | $JNJ | JOHNSON & JOHNSON | Healthcare | $898K | 0.0% | 3,536 | -10% | |||
| 85 | — | VANGUARD RS 200 - VANGUARD RUSSELL 2000 ETF | — | $798K | 0.0% | 6,579 | -4% | |||
| 86 | $FSLR | FIRST SOLAR, INC. | Technology | $776K | 0.0% | 3,290 | -25% | |||
| 87 | $OC | Owens Corning | Materials | $770K | 0.0% | 4,850 | — | |||
| 88 | $AYI | ACUITY INC. (DE) | Technology | $753K | 0.0% | 2,000 | — | |||
| 89 | $BRK.A | BERKSHIRE HATHAWAY INC | Financials | $748K | 0.0% | 1 | -86% | |||
| 90 | $ADI | ANALOG DEVICES INC | Technology | $732K | 0.0% | 1,844 | — | |||
| 91 | $INTC | INTEL CORP | Technology | $723K | 0.0% | 5,183 | -5% | |||
| 92 | $XOM.R34088 | EXXON MOBIL CORP | Energy | $704K | 0.0% | 5,150 | -7% | |||
| 93 | — | iSHR CORE SP MC - ISHARES CORE S&P MIDCAP ETF | — | $697K | 0.0% | 9,050 | — | |||
| 94 | $CWEN | Clearway Energy, Inc. | Utilities | $691K | 0.0% | 20K | +1% | |||
| 95 | — | iSHR CORE SP SC - ISHARES CORE S&P SMALL-CAP E | — | $682K | 0.0% | 4,602 | — | |||
| 96 | $KO | COCA COLA CO | Consumer Staples | $650K | 0.0% | 8,000 | — | |||
| 97 | $SYK | STRYKER CORP | Healthcare | $629K | 0.0% | 2,000 | — | |||
| 98 | $CLH | CLEAN HARBORS INC | Utilities | $609K | 0.0% | 2,040 | — | |||
| 99 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $584K | 0.0% | 2,078 | — | |||
| 100 | $TSLA | Tesla, Inc. | Consumer Discretionary | $550K | 0.0% | 1,310 | — | |||
| 101 | $STT | STATE STREET CORP | Financials | $549K | 0.0% | 8,000 | New | |||
| 102 | $BMI | BADGER METER INC | Technology | $482K | 0.0% | 3,250 | — | |||
| 103 | — | ISHR CORE MS EM - ISHARES CORE MSCI EMERGING | — | $468K | 0.0% | 5,660 | +1% | |||
| 104 | $ONON | On Holding AG | Consumer Discretionary | $422K | 0.0% | 12K | +5% | |||
| 105 | $CAT | CATERPILLAR INC | Industrials | $351K | 0.0% | 330 | — | |||
| 106 | $ORCL | ORACLE CORP | Technology | $351K | 0.0% | 2,400 | — | |||
| 107 | $DDOG | Datadog, Inc. | Technology | $341K | 0.0% | 1,310 | -93% | |||
| 108 | $CSCO | CISCO SYSTEMS, INC. | Technology | $326K | 0.0% | 2,780 | — | |||
| 109 | $BX | Blackstone Inc. | Financials | $317K | 0.0% | 2,702 | — | |||
| 110 | $WAT | WATERS CORP /DE/ | Healthcare | $236K | 0.0% | 630 | -98% | |||
| 111 | $ABT | ABBOTT LABORATORIES | Healthcare | $226K | 0.0% | 2,500 | — | |||
| 112 | $PEP | PEPSICO INC | Consumer Staples | $225K | 0.0% | 1,665 | — | |||
| 113 | $C | CITIGROUP INC | Financials | $223K | 0.0% | 1,600 | New | |||
| 114 | — | iSHR MSCI EM - ISHARES MSCI EMERGING MARKET | — | $205K | 0.0% | 3,000 | New | |||
| 115 | $COTY | COTY INC. | Consumer Staples | $132K | 0.0% | 61K | +5% |
What changed in Q2 2026
Against the previous quarter's 13F: 6 new, 51 added to, 32 trimmed, 14 sold out. Share-count changes; largest moves by dollar size first.
New positions (6)
$SWSmurfit Westrock plc$28.2M
first bought this quarter
$HONAHoneywell Aerospace Inc.$12.3M
first bought this quarter
$SUNBSunbelt Rentals Holdings, Inc.$8.0M
first bought this quarter
$STTSTATE STREET CORP$549K
first bought this quarter
$CCITIGROUP INC$223K
first bought this quarter
- iSHR MSCI EM - ISHARES MSCI EMERGING MARKET$205K
first bought this quarter
Added to (51)
now $383.4M · held 4 qtrs
now $93.3M · held 10+ qtrs
now $164.7M · held 10+ qtrs
now $435.3M · held 10+ qtrs, 3 adds in a row
now $491.4M · held 10+ qtrs
now $392.3M · held 10+ qtrs, 2 adds in a row
+45 more in the Excel export
Trimmed (32)
now $263.1M · held 10+ qtrs, 3 trims in a row
$ACNAccenture plc-34%
now $54.7M · held 10+ qtrs, 2 trims in a row
$BDXBECTON DICKINSON & CO-59%
now $19.0M · held 10+ qtrs, 6 trims in a row
$HONHONEYWELL INTERNATIONAL INC-47%
now $28.5M · held 10+ qtrs
$WATWATERS CORP /DE/-98%
now $236K · held 2 qtrs
$ROSTROSS STORES, INC.-21%
now $44.5M · held 4 qtrs, 3 trims in a row
+26 more in the Excel export
Holdings by quarter
Every 13F Lazard Freres Gestion S.A.S. has filed, 22 earlier quarters. Pick one to see what it held then.
Is it too late to follow Lazard Freres Gestion S.A.S.?
Q2 2026 13F filed with the SEC on Aug 6, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Lazard Freres Gestion S.A.S.'s top 20 holdings: 75/100 (our AI quality score, weighted by position size; 20 of the 20 are scored)
Top 10 since filing
-2.6%
Value-weighted move of the 10 largest stock positions
Turnover
5%
Last quarter; 13% over the last 4
Top 10 weight
55%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
99%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Lazard Freres Gestion S.A.S. disclosed 115 positions worth $5.8B in its Form 13F-HR for Q2 2026, led by $GOOGL (Alphabet Inc.) at 8.5% of the equity portfolio, followed by $MSFT and $AAPL. During the quarter the fund opened 6 new positions and exited 14 — including a new stake in $SW and a full exit from $APP. The portfolio is most concentrated in Technology (48.6% of disclosed assets). All figures are sourced directly from Lazard Freres Gestion S.A.S.’s Form 13F-HR filing with the SEC under CIK 1426748.
Funds like this
managers whose biggest positions overlap Lazard Freres Gestion S.A.S.'sBrowse Top Institutional Investors
13F Pro tracks 8,700+ institutional investors filing 13F reports with the SEC.
to search all 8,700+ institutional filers.
AI-Powered Hedge Fund Analysis: Lazard Freres Gestion S.A.S.
13F Pro is an AI hedge fund tracker and stock research platform. For Lazard Freres Gestion S.A.S. (SEC CIK: 1426748), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in Lazard Freres Gestion S.A.S.'s portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.