Lazard Freres Gestion S.A.S.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 10, 2024), Lazard Freres Gestion S.A.S. reported 77 stock positions worth $4.0 billion. Its top holding was Microsoft (MSFT) at 9.5% of the portfolio, followed by Amazon.com (AMZN, 7.3%) and Visa Class A (V, 5.4%). Compared with Q4 2023, it opened 5 new positions, sold out of 6, added to 43 and reduced 19. The biggest buy was Nvidia (NVDA, shares +133%) and the biggest sale Ross Stores (ROST, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0001426748
- Portfolio Value
- $4.0B (Q1 2024)
- SEC Filing
- 0001426748-24-000002 ↗ filed May 10, 2024
Holdings Value
Holdings 77 stocks · $4.0B
| MSFT Microsoft Corp. | 9.55% | 941,976 | $385.6M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 7.33% | 1,678,777 | $296.3M | Add +0.6% |
| V Visa Inc. Class A | 5.37% | 798,343 | $217.1M | Add +1.0% |
| GOOGL Alphabet Inc. Class A | 5.34% | 1,482,953 | $215.8M | Add +3.6% |
| MRK Merck & Co. Inc. | 5.11% | 1,599,106 | $206.4M | Add +0.9% |
| ACN Accenture PLC Class A | 4.44% | 528,657 | $179.5M | Add +8.3% |
| PH Parker Hannifin Corp. | 3.70% | 276,246 | $149.6M | Reduce -1.1% |
| BDX Becton Dickinson and Co. | 3.49% | 580,861 | $140.8M | Add +3.7% |
| RTX RTX Corp. | 3.26% | 1,383,422 | $131.8M | Add +10.1% |
| GOOG Alphabet Inc. Class C | 2.94% | 781,204 | $118.9M | Add +0.1% |
| CVX Chevron Corp. | 2.67% | 701,928 | $108.0M | Add +1.9% |
| NVDA Nvidia Corp. | 2.51% | 117,271 | $101.5M | Add +132.6% |
| OTIS Otis Worldwide Corp. | 2.49% | 1,035,448 | $100.5M | Reduce -1.8% |
| ZTS Zoetis Inc. | 2.26% | 552,176 | $91.3M | Add +14.0% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 2.18% | 586,347 | $87.9M | Add +2.2% |
| MSI Motorola Solutions Inc. | 2.13% | 254,294 | $86.2M | Reduce -1.1% |
| ECL Ecolab Inc. | 1.92% | 349,447 | $77.6M | Add +0.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.91% | 655,422 | $77.3M | Add +6.6% |
| AAPL Apple Inc. | 1.82% | 435,791 | $73.6M | Add +209.2% |
| MDT Medtronic PLC | 1.72% | 831,160 | $69.5M | Add +8.5% |
| APH Amphenol Corp. Class A | 1.72% | 624,829 | $69.3M | Reduce -0.3% |
| ICE Intercontinental Exchange Inc. | 1.68% | 516,835 | $68.0M | Add +0.5% |
| AMAT Applied Materials Inc. | 1.66% | 339,829 | $67.1M | Add +6.3% |
| BALL Ball Corp. | 1.65% | 1,021,918 | $66.5M | Reduce -9.4% |
| COST Costco Wholesale Corp. | 1.64% | 94,372 | $66.2M | Reduce -0.7% |
| KLAC KLA Corp. | 1.63% | 98,686 | $65.7M | Add +8.5% |
| ROST Ross Stores Inc. | 1.34% | 388,160 | $54.0M | Reduce -14.9% |
| HON Honeywell International Inc. | 1.27% | 260,909 | $51.1M | Add +2.0% |
| ADBE Adobe Inc. | 1.23% | 103,577 | $49.6M | Add +1.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.17% | 1,317,438 | $47.4M | Add +2.5% |
| MS Morgan Stanley | 1.17% | 530,207 | $47.3M | Add +3.7% |
| MDLZ Mondelez International Inc. Class A | 1.10% | 669,973 | $44.6M | Add +7.2% |
| WFC Wells Fargo & Co. | 1.08% | 787,495 | $43.7M | Reduce -0.0% |
| TMUS T-Mobile US Inc. | 1.06% | 275,278 | $43.0M | Add +7.4% |
| NKE Nike Inc. Class B | 1.05% | 471,631 | $42.4M | Add +16.7% |
| CL Colgate-Palmolive Co. | 1.05% | 492,920 | $42.4M | Add +17.9% |
| PG The Procter & Gamble Co. | 1.04% | 257,878 | $41.8M | Reduce -0.5% |
| JNJ Johnson & Johnson | 0.94% | 239,272 | $37.9M | Reduce -0.0% |
| PEP Pepsico Inc. | 0.86% | 208,424 | $34.9M | Reduce -10.7% |
| EOG EOG Resources Inc. | 0.78% | 256,702 | $31.4M | Reduce -0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.63% | 48,517 | $25.4M | Add +1.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.51% | 49,181 | $20.7M | Add +2.1% |
| HD Home Depot Inc. | 0.27% | 28,110 | $10.8M | Reduce -5.3% |
| META Meta Platforms Inc. Class A | 0.23% | 19,223 | $9.3M | Add +1822.3% |
| CRM Salesforce Inc. | 0.19% | 24,839 | $7.5M | Add +17.0% |
| AMD Advanced Micro Devices | 0.16% | 36,800 | $6.6M | New |
| BRK.A Berkshire Hathaway Inc. Class A | 0.16% | 10 | $6.3M | No change |
| CVS CVS Health Corp. | 0.06% | 29,196 | $2.3M | Add +0.7% |
| IVV iShares Core S&P 500 ETF | 0.05% | 3,700 | $1.9M | Reduce -6.0% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.05% | 37,500 | $1.9M | No change |
| AXP American Express Co. | 0.05% | 8,235 | $1.9M | No change |
| LLY Eli Lilly & Co. | 0.04% | 2,077 | $1.6M | Add +16.3% |
| CARR Carrier Global Corp. | 0.03% | 19,965 | $1.2M | Reduce -14.0% |
| HLT Hilton Worldwide Holdings Inc. | 0.03% | 5,830 | $1.1M | No change |
| SPGI S&P Global Inc. | 0.02% | 2,725 | $993K | Add +13.3% |
| ADP Automatic Data Processing | 0.02% | 4,397 | $957K | Add +17.4% |
| JCI Johnson Controls Internation | 0.02% | 15,165 | $849K | Add +11.0% |
| CI The Cigna Group | 0.02% | 2,666 | $830K | Add +15.6% |
| MMM 3M Co. | 0.02% | 7,432 | $788K | Reduce -42.6% |
| SYK Stryker Corp. | 0.02% | 2,000 | $715K | No change |
| XOM Exxon Mobil Corp. | 0.01% | 5,150 | $598K | New |
| IJH iShares Core S&P Midcap ETF | 0.01% | 9,050 | $550K | No change |
| KO The Coca-Cola Co. | 0.01% | 8,775 | $536K | Add +7.4% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.01% | 15,000 | $530K | Add +10.3% |
| IJR iShares Core S&P Small-Cap E | 0.01% | 4,602 | $509K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.01% | 1,125 | $499K | Add +16.1% |
| NFLX Netflix Inc. | 0.01% | 792 | $481K | No change |
| VTWO Vanguard Russell 2000 ETF | 0.01% | 5,200 | $442K | Add +30.3% |
| TSLA Tesla Inc. | 0.01% | 2,254 | $396K | Add +13.0% |
| JPM JPMorgan Chase & Co. | 0.01% | 1,932 | $386K | Add +8.8% |
| ORCL Oracle Corp. | 0.01% | 2,400 | $301K | No change |
| ABT Abbott Laboratories | 0.01% | 2,500 | $284K | No change |
| CAT Caterpillar Inc. | 0.01% | 630 | $230K | New |
| CSCO Cisco Systems Inc. | 0.01% | 4,614 | $230K | New |
| ABBV Abbvie Inc. | 0.01% | 1,200 | $218K | Reduce -14.3% |
| INTC Intel Corp. | 0.01% | 4,559 | $201K | Reduce -8.1% |
| LXRX Lexicon Pharmaceuticals Inc. | 0.00% | 50,000 | $119K | New |
Portfolio Sells Q4 2023 → Q1 2024
| ROST Ross Stores Inc. | Reduce -14.9% | 1.34% | −0.37 |
| MSFT Microsoft Corp. | Reduce -0.1% | 9.55% | −0.32 |
| PEP Pepsico Inc. | Reduce -10.7% | 0.86% | −0.22 |
| OTIS Otis Worldwide Corp. | Reduce -1.8% | 2.49% | −0.15 |
| BALL Ball Corp. | Reduce -9.4% | 1.65% | −0.15 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.15 |
| JNJ Johnson & Johnson | Reduce -0.0% | 0.94% | −0.14 |
| COST Costco Wholesale Corp. | Reduce -0.7% | 1.64% | −0.07 |
| EOG EOG Resources Inc. | Reduce -0.0% | 0.78% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -0.5% | 1.04% | −0.06 |
| MSI Motorola Solutions Inc. | Reduce -1.1% | 2.13% | −0.04 |
| HD Home Depot Inc. | Reduce -5.3% | 0.27% | −0.03 |
| CME Cme Group Inc. | Sold out | 0.00% | −0.02 |
| MMM 3M Co. | Reduce -42.6% | 0.02% | −0.02 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.01 |
| CARR Carrier Global Corp. | Reduce -14.0% | 0.03% | −0.01 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.01 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -6.0% | 0.05% | −0.01 |
| INTC Intel Corp. | Reduce -8.1% | 0.01% | −0.00 |
| ABBV Abbvie Inc. | Reduce -14.3% | 0.01% | −0.00 |
| APH Amphenol Corp. Class A | Reduce -0.3% | 1.72% | +0.01 |
| WFC Wells Fargo & Co. | Reduce -0.0% | 1.08% | +0.03 |
| PH Parker Hannifin Corp. | Reduce -1.1% | 3.70% | +0.11 |
Portfolio Buys Q4 2023 → Q1 2024
| NVDA Nvidia Corp. | Add +132.6% | 2.51% | +1.83 |
| AAPL Apple Inc. | Add +209.2% | 1.82% | +1.04 |
| DIS The Walt Disney Co. | Add +6.6% | 1.91% | +0.38 |
| RTX RTX Corp. | Add +10.1% | 3.26% | +0.31 |
| MRK Merck & Co. Inc. | Add +0.9% | 5.11% | +0.27 |
| AMAT Applied Materials Inc. | Add +6.3% | 1.66% | +0.25 |
| META Meta Platforms Inc. Class A | Add +1822.3% | 0.23% | +0.22 |
| AMZN Amazon.com Inc. | Add +0.6% | 7.33% | +0.22 |
| KLAC KLA Corp. | Add +8.5% | 1.63% | +0.18 |
| AMD Advanced Micro Devices | New | 0.16% | +0.16 |
| CL Colgate-Palmolive Co. | Add +17.9% | 1.05% | +0.14 |
| CRM Salesforce Inc. | Add +17.0% | 0.19% | +0.02 |
| ECL Ecolab Inc. | Add +0.2% | 1.92% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.1% | 0.51% | +0.02 |
| XOM Exxon Mobil Corp. | New | 0.01% | +0.01 |
| LLY Eli Lilly & Co. | Add +16.3% | 0.04% | +0.01 |
| CAT Caterpillar Inc. | New | 0.01% | +0.01 |
| CSCO Cisco Systems Inc. | New | 0.01% | +0.01 |
| CI The Cigna Group | Add +15.6% | 0.02% | +0.00 |
| LXRX Lexicon Pharmaceuticals Inc. | New | 0.00% | +0.00 |
| ADP Automatic Data Processing | Add +17.4% | 0.02% | +0.00 |
| ONON On Holding AG Class A | Add +10.3% | 0.01% | +0.00 |
| BAC Bank of America Corp. | Add +2.5% | 1.17% | +0.00 |
| JCI Johnson Controls Internation | Add +11.0% | 0.02% | +0.00 |
| VTWO Vanguard Russell 2000 ETF | Add +30.3% | 0.01% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +16.1% | 0.01% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +8.8% | 0.01% | +0.00 |
| SPGI S&P Global Inc. | Add +13.3% | 0.02% | −0.00 |
| KO The Coca-Cola Co. | Add +7.4% | 0.01% | −0.00 |
| TSLA Tesla Inc. | Add +13.0% | 0.01% | −0.00 |
| CVS CVS Health Corp. | Add +0.7% | 0.06% | −0.01 |
| MDT Medtronic PLC | Add +8.5% | 1.72% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.3% | 0.63% | −0.03 |
| TMUS T-Mobile US Inc. | Add +7.4% | 1.06% | −0.05 |
| MS Morgan Stanley | Add +3.7% | 1.17% | −0.12 |
| ICE Intercontinental Exchange Inc. | Add +0.5% | 1.68% | −0.12 |
| MDLZ Mondelez International Inc. Class A | Add +7.2% | 1.10% | −0.12 |
| GOOGL Alphabet Inc. Class A | Add +3.6% | 5.34% | −0.15 |
| NKE Nike Inc. Class B | Add +16.7% | 1.05% | −0.15 |
| EL Estee Lauder Companies Class A | Add +2.2% | 2.18% | −0.17 |
| HON Honeywell International Inc. | Add +2.0% | 1.27% | −0.20 |
| CVX Chevron Corp. | Add +1.9% | 2.67% | −0.20 |
| GOOG Alphabet Inc. Class C | Add +0.1% | 2.94% | −0.22 |
| ACN Accenture PLC Class A | Add +8.3% | 4.44% | −0.34 |
| BDX Becton Dickinson and Co. | Add +3.7% | 3.49% | −0.35 |
| V Visa Inc. Class A | Add +1.0% | 5.37% | −0.35 |
| ADBE Adobe Inc. | Add +1.3% | 1.23% | −0.40 |
| ZTS Zoetis Inc. | Add +14.0% | 2.26% | −0.41 |
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 |