Lazard Freres Gestion S.A.S.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 6, 2026), Lazard Freres Gestion S.A.S. reported 115 stock positions worth $5.8 billion. Its top holding was Alphabet Class A (GOOGL) at 8.5% of the portfolio, followed by Microsoft (MSFT, 7.5%) and Apple (AAPL, 6.8%). Compared with Q1 2026, it opened 5 new positions, sold out of 14, added to 51 and reduced 33. The biggest buy was Nvidia (NVDA, shares +31%) and the biggest sale Accenture Class A (ACN, shares −34%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0001426748
- Portfolio Value
- $5.8B (Q2 2026)
- SEC Filing
- 0001426748-26-000003 ↗ filed Aug 6, 2026
Holdings Value
Holdings 115 stocks · $5.8B
| GOOGL Alphabet Inc. Class A | 8.52% | 1,375,171 | $491.4M | Add +6.8% |
| MSFT Microsoft Corp. | 7.54% | 1,166,842 | $435.3M | Add +10.0% |
| AAPL Apple Inc. | 6.80% | 1,355,839 | $392.3M | Add +8.0% |
| AMZN Amazon.com Inc. | 6.74% | 1,631,428 | $388.8M | Add +1.8% |
| NVDA Nvidia Corp. | 6.64% | 1,916,325 | $383.4M | Add +31.2% |
| V Visa Inc. Class A | 4.59% | 771,906 | $264.8M | Add +3.5% |
| AMAT Applied Materials Inc. | 4.56% | 363,875 | $263.1M | Reduce -18.1% |
| RTX RTX Corp. | 3.56% | 1,082,603 | $205.4M | Add +4.8% |
| MSI Motorola Solutions Inc. | 3.20% | 445,079 | $184.8M | Add +3.3% |
| META Meta Platforms Inc. Class A | 2.85% | 292,388 | $164.7M | Add +58.2% |
| MRK Merck & Co. Inc. | 2.56% | 1,149,281 | $147.7M | Add +1.5% |
| PH Parker Hannifin Corp. | 2.40% | 141,805 | $138.7M | Add +15.9% |
| APH Amphenol Corp. Class A | 2.32% | 758,370 | $133.7M | Add +10.2% |
| MDT Medtronic PLC | 2.13% | 1,570,835 | $122.9M | Reduce -0.6% |
| AVGO Broadcom Inc. | 2.01% | 306,411 | $115.7M | Add +32.3% |
| COST Costco Wholesale Corp. | 1.96% | 120,877 | $113.1M | Add +0.0% |
| OTIS Otis Worldwide Corp. | 1.76% | 1,417,110 | $101.5M | Add +5.7% |
| LLY Eli Lilly & Co. | 1.76% | 84,549 | $101.4M | Add +9.3% |
| KLAC KLA Corp. | 1.62% | 309,186 | $93.3M | Reduce -23.0% |
| SPGI S&P Global Inc. | 1.59% | 238,298 | $91.8M | Add +9.1% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 1.56% | 1,138,849 | $89.9M | Add +2.7% |
| MS Morgan Stanley | 1.45% | 401,471 | $83.9M | Add +1.8% |
| CL Colgate-Palmolive Co. | 1.21% | 761,286 | $69.8M | Reduce -0.7% |
| ZTS Zoetis Inc. | 1.19% | 955,904 | $68.7M | Reduce -8.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.07% | 82,908 | $61.9M | Add +16.7% |
| JPM JPMorgan Chase & Co. | 1.05% | 185,508 | $60.7M | Add +8.1% |
| MAR Marriott International Class A | 1.01% | 158,002 | $58.6M | Reduce -3.7% |
| MCO Moody's Corp. | 1.01% | 128,644 | $58.3M | Add +9.8% |
| NKE Nike Inc. Class B | 0.97% | 1,357,892 | $55.7M | Add +11.4% |
| ACN Accenture PLC Class A | 0.95% | 439,707 | $54.7M | Reduce -34.1% |
| ECL Ecolab Inc. | 0.94% | 194,594 | $54.2M | Reduce -11.4% |
| WFC Wells Fargo & Co. | 0.84% | 586,166 | $48.4M | Add +9.3% |
| ICE Intercontinental Exchange Inc. | 0.80% | 375,371 | $46.2M | Add +5.8% |
| MTD Mettler-Toledo International | 0.78% | 35,279 | $45.1M | Add +18.2% |
| ROST Ross Stores Inc. | 0.77% | 208,842 | $44.5M | Reduce -20.5% |
| MDLZ Mondelez International Inc. Class A | 0.77% | 765,830 | $44.3M | Reduce -7.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.76% | 457,055 | $44.0M | Add +2.6% |
| MLM Martin Marietta Materials | 0.76% | 75,935 | $43.8M | Reduce -7.0% |
| CVX Chevron Corp. | 0.74% | 258,038 | $42.8M | Add +1.8% |
| IDXX Idexx Laboratories Inc. | 0.69% | 75,574 | $39.8M | Add +12.3% |
| TMUS T-Mobile US Inc. | 0.60% | 205,832 | $34.5M | Reduce -5.7% |
| GOOG Alphabet Inc. Class C | 0.53% | 86,821 | $30.7M | Reduce -0.8% |
| HON Honeywell International Inc. | 0.49% | 127,116 | $28.5M | Add +5.6% |
| SW Smurfit Westrock PLC | 0.49% | 608,900 | $28.2M | New |
| MU Micron Technology Inc. | 0.45% | 22,562 | $26.0M | Add +336.4% |
| SPOT Spotify Technology SA | 0.39% | 49,279 | $22.6M | Add +16.7% |
| BDX Becton Dickinson and Co. | 0.33% | 125,504 | $19.0M | Reduce -58.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.22% | 25,077 | $12.5M | Reduce -36.5% |
| HONA Honeywell Aerospace Inc. | 0.21% | 55,478 | $12.3M | Reduce -53.9% |
| BSX Boston Scientific Corp. | 0.18% | 241,113 | $10.3M | Add +10.9% |
| AMD Advanced Micro Devices | 0.16% | 15,571 | $9.0M | Reduce -11.9% |
| SUNB Sunbelt Rentals Holdings Inc. | 0.14% | 106,911 | $8.0M | New |
| PG The Procter & Gamble Co. | 0.13% | 50,500 | $7.4M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.11% | 8,561 | $6.3M | Add +78.3% |
| ARM Arm Holdings PLC-ADR | 0.08% | 12,430 | $4.4M | Add +0.7% |
| PLD Prologis Inc. | 0.05% | 20,490 | $2.8M | Add +12.9% |
| CDNS Cadence Design SYS Inc. | 0.04% | 6,870 | $2.6M | Add +0.7% |
| NFLX Netflix Inc. | 0.04% | 34,500 | $2.5M | Add +0.6% |
| IVV iShares Core S&P 500 ETF | 0.04% | 3,150 | $2.4M | No change |
| AXP American Express Co. | 0.04% | 6,460 | $2.2M | No change |
| BAC Bank of America Corp. | 0.04% | 37,836 | $2.2M | Reduce -1.3% |
| PWR Quanta Services Inc. | 0.03% | 2,770 | $2.0M | Reduce -9.8% |
| HLT Hilton Worldwide Holdings Inc. | 0.03% | 5,920 | $2.0M | Add +7.3% |
| JCI Johnson Controls Internation | 0.03% | 13,085 | $1.9M | Reduce -11.5% |
| HD Home Depot Inc. | 0.03% | 5,270 | $1.9M | Reduce -52.8% |
| WM Waste Management Inc. | 0.03% | 7,596 | $1.7M | Add +23.2% |
| NOW ServiceNow Inc. | 0.03% | 16,945 | $1.7M | Add +0.7% |
| UBER Uber Technologies Inc. | 0.03% | 23,300 | $1.7M | Add +0.8% |
| AWK American Water Works Co. Inc. | 0.03% | 12,750 | $1.7M | Add +15.4% |
| RSP Invesco S&P 500 Equal Weight | 0.03% | 7,400 | $1.6M | No change |
| CRM Salesforce Inc. | 0.03% | 9,840 | $1.5M | Reduce -20.9% |
| SNPS Synopsys Inc. | 0.03% | 3,450 | $1.5M | Reduce -27.8% |
| VRSK Verisk Analytics Inc. | 0.02% | 6,880 | $1.2M | Add +0.7% |
| XYL Xylem Inc. | 0.02% | 10,100 | $1.2M | Add +21.0% |
| CBOE Cboe Global Markets Inc. | 0.02% | 4,850 | $1.2M | No change |
| IGM iShares Expanded Tech Sector | 0.02% | 7,110 | $1.2M | No change |
| TYL Tyler Technologies Inc. | 0.02% | 3,910 | $1.1M | Reduce -19.1% |
| NXT Nextpower Inc. | 0.02% | 9,270 | $1.1M | Reduce -14.6% |
| VERX Vertex Inc. Class A | 0.02% | 95,660 | $1.1M | Add +0.8% |
| CI The Cigna Group | 0.02% | 3,916 | $1.1M | No change |
| CARR Carrier Global Corp. | 0.02% | 13,365 | $980K | No change |
| TTEK Tetra Tech Inc. | 0.02% | 33,330 | $962K | Add +29.0% |
| GS Goldman Sachs Group Inc. | 0.02% | 931 | $941K | No change |
| JNJ Johnson & Johnson | 0.02% | 3,536 | $898K | Reduce -10.0% |
| VTWO Vanguard Russell 2000 ETF | 0.01% | 6,579 | $798K | Reduce -4.2% |
| FSLR First Solar Inc. | 0.01% | 3,290 | $776K | Reduce -25.1% |
| OC Owens Corning | 0.01% | 4,850 | $770K | No change |
| AYI Acuity Inc. | 0.01% | 2,000 | $753K | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.01% | 1 | $748K | Reduce -85.7% |
| ADI Analog Devices Inc. | 0.01% | 1,844 | $732K | No change |
| INTC Intel Corp. | 0.01% | 5,183 | $723K | Reduce -4.6% |
| XOM Exxon Mobil Corp. | 0.01% | 5,150 | $704K | Reduce -7.0% |
| IJH iShares Core S&P Midcap ETF | 0.01% | 9,050 | $697K | No change |
| CWEN Clearway Energy Inc. Class C | 0.01% | 20,243 | $691K | Add +1.2% |
| IJR iShares Core S&P Small-Cap E | 0.01% | 4,602 | $682K | No change |
| KO The Coca-Cola Co. | 0.01% | 8,000 | $650K | No change |
| SYK Stryker Corp. | 0.01% | 2,000 | $629K | No change |
| CLH Clean Harbors Inc. | 0.01% | 2,040 | $609K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.01% | 2,078 | $584K | No change |
| TSLA Tesla Inc. | 0.01% | 1,310 | $550K | No change |
Portfolio Sells Q1 2026 → Q2 2026
| ACN Accenture PLC Class A | Reduce -34.1% | 0.95% | −1.66 |
| ZTS Zoetis Inc. | Reduce -8.9% | 1.19% | −1.26 |
| BDX Becton Dickinson and Co. | Reduce -58.6% | 0.33% | −0.61 |
| MDT Medtronic PLC | Reduce -0.6% | 2.13% | −0.57 |
| ROST Ross Stores Inc. | Reduce -20.5% | 0.77% | −0.35 |
| HONA Honeywell Aerospace Inc. | Reduce -53.9% | 0.21% | −0.31 |
| TMUS T-Mobile US Inc. | Reduce -5.7% | 0.60% | −0.31 |
| WAT Waters Corp. | Reduce -98.4% | 0.00% | −0.22 |
| ECL Ecolab Inc. | Reduce -11.4% | 0.94% | −0.21 |
| MLM Martin Marietta Materials | Reduce -7.0% | 0.76% | −0.19 |
| MDLZ Mondelez International Inc. Class A | Reduce -7.2% | 0.77% | −0.17 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -36.5% | 0.22% | −0.16 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -85.7% | 0.01% | −0.09 |
| CL Colgate-Palmolive Co. | Reduce -0.7% | 1.21% | −0.08 |
| MAR Marriott International Class A | Reduce -3.7% | 1.01% | −0.04 |
| HD Home Depot Inc. | Reduce -52.8% | 0.03% | −0.04 |
| DDOG Datadog Inc. Class A | Reduce -92.8% | 0.01% | −0.04 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.03 |
| IOT Samsara Inc. Class A | Sold out | 0.00% | −0.03 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.03 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.02 |
| DUOL Duolingo | Sold out | 0.00% | −0.02 |
| CRM Salesforce Inc. | Reduce -20.9% | 0.03% | −0.02 |
| TYL Tyler Technologies Inc. | Reduce -19.1% | 0.02% | −0.01 |
| SNPS Synopsys Inc. | Reduce -27.8% | 0.03% | −0.01 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.01 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.01 |
| NDSN Nordson Corp. | Sold out | 0.00% | −0.01 |
| MRSH Marsh & McLennan Cos | Sold out | 0.00% | −0.01 |
| NXT Nextpower Inc. | Reduce -14.6% | 0.02% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -7.0% | 0.01% | −0.01 |
| CBRE CBRE Group Inc. Class A | Sold out | 0.00% | −0.01 |
| J Jacobs Solutions Inc. | Sold out | 0.00% | −0.01 |
| BALL Ball Corp. | Sold out | 0.00% | −0.01 |
| JCI Johnson Controls Internation | Reduce -11.5% | 0.03% | −0.01 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.00 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.00 |
| FSLR First Solar Inc. | Reduce -25.1% | 0.01% | −0.00 |
| JNJ Johnson & Johnson | Reduce -10.0% | 0.02% | −0.00 |
| VTWO Vanguard Russell 2000 ETF | Reduce -4.2% | 0.01% | +0.00 |
| BAC Bank of America Corp. | Reduce -1.3% | 0.04% | +0.00 |
| PWR Quanta Services Inc. | Reduce -9.8% | 0.03% | +0.00 |
| INTC Intel Corp. | Reduce -4.6% | 0.01% | +0.01 |
| GOOG Alphabet Inc. Class C | Reduce -0.8% | 0.53% | +0.04 |
| AMD Advanced Micro Devices | Reduce -11.9% | 0.16% | +0.09 |
| KLAC KLA Corp. | Reduce -23.0% | 1.62% | +0.45 |
| AMAT Applied Materials Inc. | Reduce -18.1% | 4.56% | +1.57 |
Portfolio Buys Q1 2026 → Q2 2026
| NVDA Nvidia Corp. | Add +31.2% | 6.64% | +1.62 |
| GOOGL Alphabet Inc. Class A | Add +6.8% | 8.52% | +1.21 |
| META Meta Platforms Inc. Class A | Add +58.2% | 2.85% | +0.77 |
| APH Amphenol Corp. Class A | Add +10.2% | 2.32% | +0.60 |
| AVGO Broadcom Inc. | Add +32.3% | 2.01% | +0.59 |
| AAPL Apple Inc. | Add +8.0% | 6.80% | +0.51 |
| SW Smurfit Westrock PLC | New | 0.49% | +0.49 |
| MU Micron Technology Inc. | Add +336.4% | 0.45% | +0.42 |
| LLY Eli Lilly & Co. | Add +9.3% | 1.76% | +0.35 |
| PH Parker Hannifin Corp. | Add +15.9% | 2.40% | +0.24 |
| MS Morgan Stanley | Add +1.8% | 1.45% | +0.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +16.7% | 1.07% | +0.16 |
| AMZN Amazon.com Inc. | Add +1.8% | 6.74% | +0.15 |
| V Visa Inc. Class A | Add +3.5% | 4.59% | +0.14 |
| SUNB Sunbelt Rentals Holdings Inc. | New | 0.14% | +0.14 |
| JPM JPMorgan Chase & Co. | Add +8.1% | 1.05% | +0.06 |
| QQQ Invesco QQQ Trust Series 1 | Add +78.3% | 0.11% | +0.05 |
| ARM Arm Holdings PLC-ADR | Add +0.7% | 0.08% | +0.04 |
| MTD Mettler-Toledo International | Add +18.2% | 0.78% | +0.04 |
| FEZ State Street SPDR Euro Stoxx | New | 0.01% | +0.01 |
| CDNS Cadence Design SYS Inc. | Add +0.7% | 0.04% | +0.01 |
| C Citigroup Inc. | New | 0.00% | +0.00 |
| EEM iShares MSCI Emerging Market | New | 0.00% | +0.00 |
| MCO Moody's Corp. | Add +9.8% | 1.01% | +0.00 |
| WM Waste Management Inc. | Add +23.2% | 0.03% | +0.00 |
| TTEK Tetra Tech Inc. | Add +29.0% | 0.02% | +0.00 |
| XYL Xylem Inc. | Add +21.0% | 0.02% | +0.00 |
| HLT Hilton Worldwide Holdings Inc. | Add +7.3% | 0.03% | +0.00 |
| PLD Prologis Inc. | Add +12.9% | 0.05% | +0.00 |
| IEMG iShares Core MSCI Emerging | Add +1.3% | 0.01% | +0.00 |
| COTY Coty Inc. Class A | Add +5.1% | 0.00% | 0.00 |
| ONON On Holding AG Class A | Add +5.0% | 0.01% | −0.00 |
| AWK American Water Works Co. Inc. | Add +15.4% | 0.03% | −0.00 |
| WFC Wells Fargo & Co. | Add +9.3% | 0.84% | −0.00 |
| VERX Vertex Inc. Class A | Add +0.8% | 0.02% | −0.00 |
| CWEN Clearway Energy Inc. Class C | Add +1.2% | 0.01% | −0.00 |
| UBER Uber Technologies Inc. | Add +0.8% | 0.03% | −0.00 |
| VRSK Verisk Analytics Inc. | Add +0.7% | 0.02% | −0.00 |
| NOW ServiceNow Inc. | Add +0.7% | 0.03% | −0.01 |
| SPOT Spotify Technology SA | Add +16.7% | 0.39% | −0.01 |
| EL Estee Lauder Companies Class A | Add +2.7% | 1.56% | −0.01 |
| NFLX Netflix Inc. | Add +0.6% | 0.04% | −0.02 |
| IDXX Idexx Laboratories Inc. | Add +12.3% | 0.69% | −0.06 |
| DIS The Walt Disney Co. | Add +2.6% | 0.76% | −0.08 |
| BSX Boston Scientific Corp. | Add +10.9% | 0.18% | −0.09 |
| MRK Merck & Co. Inc. | Add +1.5% | 2.56% | −0.13 |
| MSFT Microsoft Corp. | Add +10.0% | 7.54% | −0.20 |
| SPGI S&P Global Inc. | Add +9.1% | 1.59% | −0.24 |
| OTIS Otis Worldwide Corp. | Add +5.7% | 1.76% | −0.28 |
| CVX Chevron Corp. | Add +1.8% | 0.74% | −0.29 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 115 | $5.8B | GOOGL, MSFT, AAPL, AMZN, NVDA |
| Q1 2026 | 123 | $5.1B | MSFT, GOOGL, AMZN, AAPL, NVDA |
| Q4 2025 | 112 | $5.6B | MSFT, GOOGL, AMZN, AAPL, NVDA |
| Q3 2025 | 112 | $5.3B | MSFT, GOOGL, AMZN, AAPL, NVDA |
| Q2 2025 | 89 | $4.1B | MSFT, AMZN, AAPL, GOOGL, V |
| Q1 2025 | 103 | $4.1B | MSFT, AMZN, GOOGL, AAPL, V |
| Q4 2024 | 101 | $5.0B | MSFT, AMZN, GOOGL, V, AAPL |
| Q3 2024 | 97 | $4.7B | MSFT, AMZN, GOOGL, AAPL, V |
| Q2 2024 | 93 | $4.3B | MSFT, AMZN, GOOGL, V, MRK |
| Q1 2024 | 77 | $4.0B | MSFT, AMZN, V, GOOGL, MRK |