# Lazard Freres Gestion S.A.S.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1426748. Source: https://holderbook.com/funds/1426748-lazard-freres-gestion-s-a-s/

- Reported value: $5.8B
- Positions: 115
- Weight of the ten largest: 55.0%
- Filed: 2026-08-06

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $491.4M | 1,375,171 | 8.5% | 23 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $435.3M | 1,166,842 | 7.5% | 23 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $392.3M | 1,355,839 | 6.8% | 23 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $388.8M | 1,631,428 | 6.7% | 23 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $383.4M | 1,916,325 | 6.6% | 15 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $264.8M | 771,906 | 4.6% | 23 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $263.1M | 363,875 | 4.6% | 14 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $205.4M | 1,082,603 | 3.6% | 23 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $184.8M | 445,079 | 3.2% | 23 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $164.7M | 292,388 | 2.9% | 13 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $147.7M | 1,149,281 | 2.6% | 23 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $138.7M | 141,805 | 2.4% | 23 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $133.7M | 758,370 | 2.3% | 23 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $122.9M | 1,570,835 | 2.1% | 23 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $115.7M | 306,411 | 2.0% | 9 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $113.1M | 120,877 | 2.0% | 23 |
| OTIS WORLDWIDE CORP | [OTIS](https://holderbook.com/stocks/OTIS/) | $101.5M | 1,417,110 | 1.8% | 18 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $101.4M | 84,549 | 1.8% | 18 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $93.3M | 309,186 | 1.6% | 15 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $91.8M | 238,298 | 1.6% | 16 |
| LAUDER ESTEE COS INC | [EL](https://holderbook.com/stocks/EL/) | $89.9M | 1,138,849 | 1.6% | 23 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $83.9M | 401,471 | 1.5% | 23 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $69.8M | 761,286 | 1.2% | 23 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $68.7M | 955,904 | 1.2% | 19 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $61.9M | 82,908 | 1.1% | 23 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $60.7M | 185,508 | 1.1% | 11 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $58.6M | 158,002 | 1.0% | 7 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $58.3M | 128,644 | 1.0% | 6 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $55.7M | 1,357,892 | 1.0% | 18 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $54.7M | 439,707 | 0.9% | 23 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $54.2M | 194,594 | 0.9% | 23 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $48.4M | 586,166 | 0.8% | 22 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $46.2M | 375,371 | 0.8% | 23 |
| METTLER TOLEDO INTERNATIONAL | [MTD](https://holderbook.com/stocks/MTD/) | $45.1M | 35,279 | 0.8% | 5 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $44.5M | 208,842 | 0.8% | 23 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $44.3M | 765,830 | 0.8% | 23 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $44.0M | 457,055 | 0.8% | 14 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $43.8M | 75,935 | 0.8% | 7 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $42.8M | 258,038 | 0.7% | 23 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $39.8M | 75,574 | 0.7% | 7 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $34.5M | 205,832 | 0.6% | 18 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $30.7M | 86,821 | 0.5% | 23 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $28.5M | 127,116 | 0.5% | 1 |
| SMURFIT WESTROCK PLC | [SW](https://holderbook.com/stocks/SW/) | $28.2M | 608,900 | 0.5% | 1 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $26.0M | 22,562 | 0.5% | 9 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $22.6M | 49,279 | 0.4% | 8 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $19.0M | 125,504 | 0.3% | 23 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $12.5M | 25,077 | 0.2% | 23 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $12.3M | 55,478 | 0.2% | 1 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $10.3M | 241,113 | 0.2% | 2 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $9.0M | 15,571 | 0.2% | 10 |
| SUNBELT RENTALS HOLDINGS INC | [SUNB](https://holderbook.com/stocks/SUNB/) | $8.0M | 106,911 | 0.1% | 1 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $7.4M | 50,500 | 0.1% | 23 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $6.3M | 8,561 | 0.1% | 13 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $4.4M | 12,430 | 0.1% | 7 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $2.8M | 20,490 | 0.0% | 9 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $2.6M | 6,870 | 0.0% | 9 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $2.5M | 34,500 | 0.0% | 16 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $2.4M | 3,150 | 0.0% | 12 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.2M | 6,460 | 0.0% | 23 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.2M | 37,836 | 0.0% | 23 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $2.0M | 2,770 | 0.0% | 9 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $2.0M | 5,920 | 0.0% | 16 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $1.9M | 13,085 | 0.0% | 16 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.9M | 5,270 | 0.0% | 23 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $1.7M | 7,596 | 0.0% | 5 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $1.7M | 16,945 | 0.0% | 9 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $1.7M | 23,300 | 0.0% | 8 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $1.7M | 12,750 | 0.0% | 9 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $1.6M | 7,400 | 0.0% | 2 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $1.5M | 9,840 | 0.0% | 23 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $1.5M | 3,450 | 0.0% | 9 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $1.2M | 6,880 | 0.0% | 5 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $1.2M | 10,100 | 0.0% | 9 |
| CBOE GLOBAL MKTS INC | [CBOE](https://holderbook.com/stocks/CBOE/) | $1.2M | 4,850 | 0.0% | 5 |
| ISHARES TR | [IGM](https://holderbook.com/stocks/IGM/) | $1.2M | 7,110 | 0.0% | 2 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $1.1M | 3,910 | 0.0% | 5 |
| NEXTPOWER INC | [NXT](https://holderbook.com/stocks/NXT/) | $1.1M | 9,270 | 0.0% | 6 |
| VERTEX INC | [VERX](https://holderbook.com/stocks/VERX/) | $1.1M | 95,660 | 0.0% | 5 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $1.1M | 3,916 | 0.0% | 16 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $980.0K | 13,365 | 0.0% | 23 |
| TETRA TECH INC NEW | [TTEK](https://holderbook.com/stocks/TTEK/) | $962.0K | 33,330 | 0.0% | 9 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $941.0K | 931 | 0.0% | 5 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $898.0K | 3,536 | 0.0% | 23 |
| VANGUARD SCOTTSDALE FDS | [VTWO](https://holderbook.com/stocks/VTWO/) | $798.0K | 6,579 | 0.0% | 11 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $776.0K | 3,290 | 0.0% | 9 |
| OWENS CORNING NEW | [OC](https://holderbook.com/stocks/OC/) | $770.0K | 4,850 | 0.0% | 9 |
| ACUITY INC | [AYI](https://holderbook.com/stocks/AYI/) | $753.0K | 2,000 | 0.0% | 5 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $748.0K | 1 | 0.0% | 23 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $732.0K | 1,844 | 0.0% | 2 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $723.0K | 5,183 | 0.0% | 3 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $704.0K | 5,150 | 0.0% | 10 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $697.0K | 9,050 | 0.0% | 12 |
| CLEARWAY ENERGY INC | [CWEN](https://holderbook.com/stocks/CWEN/) | $691.0K | 20,243 | 0.0% | 5 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $682.0K | 4,602 | 0.0% | 12 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $650.0K | 8,000 | 0.0% | 18 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $629.0K | 2,000 | 0.0% | 23 |
| CLEAN HARBORS INC | [CLH](https://holderbook.com/stocks/CLH/) | $609.0K | 2,040 | 0.0% | 9 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $584.0K | 2,078 | 0.0% | 8 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $550.0K | 1,310 | 0.0% | 23 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.2% | +14.8% | -5.7% | 100% |
| Q1 2026 | -6.9% | -4.6% | -2.3% | 100% |
| Q4 2025 | +4.4% | +2.4% | +2.0% | 100% |
| Q3 2025 | +5.3% | +7.8% | -2.5% | 100% |
| Q2 2025 | +9.8% | +10.5% | -0.7% | 100% |
| Q1 2025 | -4.6% | -4.6% | -0.1% | 100% |
| Q4 2024 | +0.3% | +2.1% | -1.8% | 100% |
| Q3 2024 | +3.0% | +5.4% | -2.4% | 103% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $5.8B | 115 |
| Q1 2026 | $5.1B | 123 |
| Q4 2025 | $5.6B | 112 |
| Q3 2025 | $5.3B | 112 |
| Q2 2025 | $4.8B | 110 |
| Q1 2025 | $4.1B | 103 |
| Q4 2024 | $5.0B | 101 |
| Q3 2024 | $4.7B | 97 |
| Q2 2024 | $4.3B | 93 |
| Q1 2024 | $4.0B | 77 |
| Q4 2023 | $3.5B | 78 |
| Q3 2023 | $3.1B | 79 |