Lazard Freres Gestion S.A.S.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 7, 2026), Lazard Freres Gestion S.A.S. reported 123 stock positions worth $5.1 billion. Its top holding was Microsoft (MSFT) at 7.7% of the portfolio, followed by Alphabet Class A (GOOGL, 7.3%) and Amazon.com (AMZN, 6.6%). Compared with Q4 2025, it opened 14 new positions, sold out of 3, added to 30 and reduced 54. The biggest buy was Costco Wholesale (COST, shares +5%) and the biggest sale Accenture Class A (ACN, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0001426748
- Portfolio Value
- $5.1B (Q1 2026)
- SEC Filing
- 0001426748-26-000002 ↗ filed May 7, 2026
Holdings Value
Holdings 123 stocks · $5.1B
| MSFT Microsoft Corp. | 7.74% | 1,060,361 | $392.5M | Add +1.9% |
| GOOGL Alphabet Inc. Class A | 7.30% | 1,287,813 | $370.3M | Reduce -0.2% |
| AMZN Amazon.com Inc. | 6.58% | 1,602,828 | $333.8M | Add +1.2% |
| AAPL Apple Inc. | 6.29% | 1,256,009 | $318.8M | Add +1.8% |
| NVDA Nvidia Corp. | 5.02% | 1,460,537 | $254.7M | Reduce -1.7% |
| V Visa Inc. Class A | 4.44% | 745,683 | $225.4M | Add +1.5% |
| RTX RTX Corp. | 3.93% | 1,032,534 | $199.2M | Reduce -1.9% |
| MSI Motorola Solutions Inc. | 3.69% | 430,891 | $187.0M | Reduce -2.0% |
| AMAT Applied Materials Inc. | 2.99% | 444,031 | $151.8M | Reduce -13.3% |
| MDT Medtronic PLC | 2.70% | 1,580,855 | $137.0M | Reduce -7.3% |
| MRK Merck & Co. Inc. | 2.69% | 1,132,358 | $136.2M | Reduce -5.2% |
| ACN Accenture PLC Class A | 2.61% | 667,031 | $132.3M | Reduce -2.6% |
| ZTS Zoetis Inc. | 2.45% | 1,049,307 | $124.0M | Reduce -0.7% |
| COST Costco Wholesale Corp. | 2.37% | 120,863 | $120.4M | Add +4.5% |
| PH Parker Hannifin Corp. | 2.16% | 122,356 | $109.5M | Add +0.1% |
| META Meta Platforms Inc. Class A | 2.09% | 184,857 | $105.8M | Reduce -2.8% |
| OTIS Otis Worldwide Corp. | 2.04% | 1,340,964 | $103.4M | Add +2.4% |
| SPGI S&P Global Inc. | 1.83% | 218,402 | $92.9M | Add +2.7% |
| APH Amphenol Corp. Class A | 1.71% | 688,090 | $86.9M | Reduce -8.8% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 1.57% | 1,109,265 | $79.6M | Reduce -0.8% |
| AVGO Broadcom Inc. | 1.41% | 231,531 | $71.7M | Add +3.1% |
| LLY Eli Lilly & Co. | 1.40% | 77,376 | $71.2M | Add +5.3% |
| CL Colgate-Palmolive Co. | 1.29% | 766,769 | $65.4M | Reduce -1.3% |
| MS Morgan Stanley | 1.28% | 394,222 | $64.9M | Reduce -18.7% |
| NKE Nike Inc. Class B | 1.27% | 1,219,185 | $64.4M | Add +2.8% |
| KLAC KLA Corp. | 1.17% | 40,174 | $59.2M | Reduce -10.1% |
| ECL Ecolab Inc. | 1.15% | 219,570 | $58.4M | Reduce -7.2% |
| ROST Ross Stores Inc. | 1.12% | 262,706 | $56.9M | Reduce -16.6% |
| ICE Intercontinental Exchange Inc. | 1.10% | 354,884 | $55.8M | Reduce -7.1% |
| HON Honeywell International Inc. | 1.07% | 240,815 | $54.4M | Add +0.5% |
| MAR Marriott International Class A | 1.06% | 164,027 | $53.6M | Reduce -14.4% |
| CVX Chevron Corp. | 1.03% | 253,459 | $52.4M | Reduce -0.3% |
| MCO Moody's Corp. | 1.01% | 117,168 | $51.1M | Reduce -5.4% |
| JPM JPMorgan Chase & Co. | 1.00% | 171,596 | $50.5M | Add +0.9% |
| MLM Martin Marietta Materials | 0.95% | 81,690 | $48.1M | Add +0.8% |
| BDX Becton Dickinson and Co. | 0.94% | 303,247 | $47.7M | Reduce -19.3% |
| MDLZ Mondelez International Inc. Class A | 0.94% | 825,155 | $47.6M | Add +17.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.91% | 71,053 | $46.2M | Reduce -16.4% |
| TMUS T-Mobile US Inc. | 0.90% | 218,171 | $45.8M | Add +27.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.85% | 445,261 | $42.9M | Reduce 0.0% |
| WFC Wells Fargo & Co. | 0.84% | 536,101 | $42.7M | No change |
| IDXX Idexx Laboratories Inc. | 0.75% | 67,287 | $37.8M | Add +6.8% |
| MTD Mettler-Toledo International | 0.74% | 29,842 | $37.6M | Reduce -0.0% |
| GOOG Alphabet Inc. Class C | 0.49% | 87,473 | $25.1M | Add +2.0% |
| SPOT Spotify Technology SA | 0.40% | 42,220 | $20.5M | Add +29.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.37% | 39,467 | $18.9M | Reduce -22.3% |
| BSX Boston Scientific Corp. | 0.27% | 217,486 | $13.6M | New |
| WAT Waters Corp. | 0.23% | 38,583 | $11.5M | New |
| PG The Procter & Gamble Co. | 0.14% | 50,500 | $7.3M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.10% | 7 | $5.0M | Reduce -53.3% |
| HD Home Depot Inc. | 0.07% | 11,160 | $3.7M | Reduce -22.5% |
| AMD Advanced Micro Devices | 0.07% | 17,667 | $3.6M | Reduce -11.8% |
| NFLX Netflix Inc. | 0.07% | 34,300 | $3.3M | Reduce -21.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.05% | 4,802 | $2.8M | Add +12.1% |
| PLD Prologis Inc. | 0.05% | 18,140 | $2.4M | Reduce -1.1% |
| CRM Salesforce Inc. | 0.05% | 12,445 | $2.3M | Reduce -65.3% |
| DDOG Datadog Inc. Class A | 0.04% | 18,310 | $2.2M | Add +61.9% |
| IVV iShares Core S&P 500 ETF | 0.04% | 3,150 | $2.1M | No change |
| AXP American Express Co. | 0.04% | 6,460 | $2.0M | Reduce -15.7% |
| JCI Johnson Controls Internation | 0.04% | 14,785 | $1.9M | Add +5.0% |
| CDNS Cadence Design SYS Inc. | 0.04% | 6,820 | $1.9M | Reduce -12.6% |
| SNPS Synopsys Inc. | 0.04% | 4,780 | $1.9M | Reduce -17.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.04% | 38,339 | $1.9M | Add +26.5% |
| ARM Arm Holdings PLC-ADR | 0.04% | 12,340 | $1.9M | Reduce -5.1% |
| NOW ServiceNow Inc. | 0.03% | 16,825 | $1.8M | Reduce -6.0% |
| MU Micron Technology Inc. | 0.03% | 5,170 | $1.7M | Reduce -56.9% |
| PWR Quanta Services Inc. | 0.03% | 3,070 | $1.7M | No change |
| HLT Hilton Worldwide Holdings Inc. | 0.03% | 5,520 | $1.7M | Reduce -1.9% |
| UBER Uber Technologies Inc. | 0.03% | 23,120 | $1.7M | Reduce -20.3% |
| TYL Tyler Technologies Inc. | 0.03% | 4,830 | $1.7M | Reduce -3.4% |
| APP AppLovin Corp. Class A | 0.03% | 4,090 | $1.6M | Reduce -4.9% |
| IOT Samsara Inc. Class A | 0.03% | 51,170 | $1.6M | Reduce -14.7% |
| AWK American Water Works Co. Inc. | 0.03% | 11,050 | $1.5M | Add +8.8% |
| RSP Invesco S&P 500 Equal Weight | 0.03% | 7,400 | $1.4M | New |
| WM Waste Management Inc. | 0.03% | 6,166 | $1.4M | Add +60.5% |
| CBOE Cboe Global Markets Inc. | 0.03% | 4,850 | $1.4M | Reduce -1.8% |
| PINS Pinterest Inc. Class A | 0.03% | 72,660 | $1.3M | Reduce -9.2% |
| NXT Nextpower Inc. | 0.03% | 10,850 | $1.3M | No change |
| VRSK Verisk Analytics Inc. | 0.03% | 6,830 | $1.3M | Reduce -51.2% |
| CVS CVS Health Corp. | 0.02% | 16,075 | $1.2M | No change |
| VERX Vertex Inc. Class A | 0.02% | 94,940 | $1.1M | Reduce -13.7% |
| CI The Cigna Group | 0.02% | 3,916 | $1.0M | Reduce -2.0% |
| DUOL Duolingo | 0.02% | 10,230 | $1.0M | Reduce -14.8% |
| XYL Xylem Inc. | 0.02% | 8,350 | $997K | No change |
| JNJ Johnson & Johnson | 0.02% | 3,929 | $960K | Reduce -16.1% |
| XOM Exxon Mobil Corp. | 0.02% | 5,535 | $939K | Add +7.5% |
| FSLR First Solar Inc. | 0.02% | 4,390 | $865K | No change |
| IGM iShares Expanded Tech Sector | 0.02% | 7,110 | $842K | New |
| GS Goldman Sachs Group Inc. | 0.02% | 931 | $787K | Add +227.8% |
| CWEN Clearway Energy Inc. Class C | 0.02% | 19,999 | $785K | Add +1.2% |
| TTEK Tetra Tech Inc. | 0.02% | 25,830 | $777K | No change |
| CARR Carrier Global Corp. | 0.01% | 13,365 | $752K | Reduce -4.3% |
| VTWO Vanguard Russell 2000 ETF | 0.01% | 6,864 | $687K | Add +38.1% |
| SYK Stryker Corp. | 0.01% | 2,000 | $657K | No change |
| IJH iShares Core S&P Midcap ETF | 0.01% | 9,050 | $611K | No change |
| KO The Coca-Cola Co. | 0.01% | 8,000 | $608K | No change |
| ADI Analog Devices Inc. | 0.01% | 1,844 | $586K | New |
| CLH Clean Harbors Inc. | 0.01% | 2,040 | $584K | No change |
| IJR iShares Core S&P Small-Cap E | 0.01% | 4,602 | $572K | No change |
| AYI Acuity Inc. | 0.01% | 2,000 | $560K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| ACN Accenture PLC Class A | Reduce -2.6% | 2.61% | −0.70 |
| EL Estee Lauder Companies Class A | Reduce -0.8% | 1.57% | −0.54 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.48 |
| BDX Becton Dickinson and Co. | Reduce -19.3% | 0.94% | −0.37 |
| MS Morgan Stanley | Reduce -18.7% | 1.28% | −0.27 |
| MDT Medtronic PLC | Reduce -7.3% | 2.70% | −0.25 |
| META Meta Platforms Inc. Class A | Reduce -2.8% | 2.09% | −0.18 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -16.4% | 0.91% | −0.13 |
| MCO Moody's Corp. | Reduce -5.4% | 1.01% | −0.13 |
| CRM Salesforce Inc. | Reduce -65.3% | 0.05% | −0.13 |
| APH Amphenol Corp. Class A | Reduce -8.8% | 1.71% | −0.12 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -53.3% | 0.10% | −0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -22.3% | 0.37% | −0.09 |
| DIS The Walt Disney Co. | Reduce 0.0% | 0.85% | −0.07 |
| BALL Ball Corp. | Reduce -90.1% | 0.01% | −0.04 |
| VRSK Verisk Analytics Inc. | Reduce -51.2% | 0.03% | −0.03 |
| MU Micron Technology Inc. | Reduce -56.9% | 0.03% | −0.03 |
| APP AppLovin Corp. Class A | Reduce -4.9% | 0.03% | −0.02 |
| DUOL Duolingo | Reduce -14.8% | 0.02% | −0.02 |
| VERX Vertex Inc. Class A | Reduce -13.7% | 0.02% | −0.02 |
| HD Home Depot Inc. | Reduce -22.5% | 0.07% | −0.02 |
| NOW ServiceNow Inc. | Reduce -6.0% | 0.03% | −0.01 |
| ICE Intercontinental Exchange Inc. | Reduce -7.1% | 1.10% | −0.01 |
| MAR Marriott International Class A | Reduce -14.4% | 1.06% | −0.01 |
| AXP American Express Co. | Reduce -15.7% | 0.04% | −0.01 |
| SNPS Synopsys Inc. | Reduce -17.6% | 0.04% | −0.01 |
| PINS Pinterest Inc. Class A | Reduce -9.2% | 0.03% | −0.01 |
| UBER Uber Technologies Inc. | Reduce -20.3% | 0.03% | −0.01 |
| NFLX Netflix Inc. | Reduce -21.9% | 0.07% | −0.01 |
| TYL Tyler Technologies Inc. | Reduce -3.4% | 0.03% | −0.01 |
| MTD Mettler-Toledo International | Reduce -0.0% | 0.74% | −0.01 |
| CDNS Cadence Design SYS Inc. | Reduce -12.6% | 0.04% | −0.01 |
| AMD Advanced Micro Devices | Reduce -11.8% | 0.07% | −0.01 |
| IOT Samsara Inc. Class A | Reduce -14.7% | 0.03% | −0.01 |
| OLED Universal Display Corp. | Sold out | 0.00% | −0.01 |
| LAZ Lazard Inc. | Sold out | 0.00% | −0.00 |
| ONON On Holding AG Class A | Reduce -9.5% | 0.01% | −0.00 |
| COTY Coty Inc. Class A | Reduce -9.9% | 0.00% | −0.00 |
| CI The Cigna Group | Reduce -2.0% | 0.02% | +0.00 |
| JNJ Johnson & Johnson | Reduce -16.1% | 0.02% | +0.00 |
| CARR Carrier Global Corp. | Reduce -4.3% | 0.01% | +0.00 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -1.9% | 0.03% | +0.00 |
| CBOE Cboe Global Markets Inc. | Reduce -1.8% | 0.03% | +0.00 |
| PLD Prologis Inc. | Reduce -1.1% | 0.05% | +0.01 |
| ARM Arm Holdings PLC-ADR | Reduce -5.1% | 0.04% | +0.01 |
| GOOGL Alphabet Inc. Class A | Reduce -0.2% | 7.30% | +0.03 |
| NVDA Nvidia Corp. | Reduce -1.7% | 5.02% | +0.03 |
| ECL Ecolab Inc. | Reduce -7.2% | 1.15% | +0.03 |
| ZTS Zoetis Inc. | Reduce -0.7% | 2.45% | +0.05 |
| ROST Ross Stores Inc. | Reduce -16.6% | 1.12% | +0.10 |
Portfolio Buys Q4 2025 → Q1 2026
| COST Costco Wholesale Corp. | Add +4.5% | 2.37% | +0.58 |
| TMUS T-Mobile US Inc. | Add +27.9% | 0.90% | +0.28 |
| BSX Boston Scientific Corp. | New | 0.27% | +0.27 |
| MDLZ Mondelez International Inc. Class A | Add +17.1% | 0.94% | +0.25 |
| AAPL Apple Inc. | Add +1.8% | 6.29% | +0.24 |
| HON Honeywell International Inc. | Add +0.5% | 1.07% | +0.23 |
| WAT Waters Corp. | New | 0.23% | +0.23 |
| PH Parker Hannifin Corp. | Add +0.1% | 2.16% | +0.22 |
| SPOT Spotify Technology SA | Add +29.6% | 0.40% | +0.06 |
| MLM Martin Marietta Materials | Add +0.8% | 0.95% | +0.04 |
| RSP Invesco S&P 500 Equal Weight | New | 0.03% | +0.03 |
| IGM iShares Expanded Tech Sector | New | 0.02% | +0.02 |
| DDOG Datadog Inc. Class A | Add +61.9% | 0.04% | +0.01 |
| WM Waste Management Inc. | Add +60.5% | 0.03% | +0.01 |
| AVGO Broadcom Inc. | Add +3.1% | 1.41% | +0.01 |
| ADI Analog Devices Inc. | New | 0.01% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +227.8% | 0.02% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +2.0% | 0.49% | +0.01 |
| DHR Danaher Corp. | New | 0.01% | +0.01 |
| MCD McDonald's Corp. | New | 0.01% | +0.01 |
| NDSN Nordson Corp. | New | 0.01% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +0.9% | 1.00% | +0.01 |
| JCI Johnson Controls Internation | Add +5.0% | 0.04% | +0.01 |
| XOM Exxon Mobil Corp. | Add +7.5% | 0.02% | +0.01 |
| MRSH Marsh & McLennan Cos | New | 0.01% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +12.1% | 0.05% | +0.01 |
| BAC Bank of America Corp. | Add +26.5% | 0.04% | +0.01 |
| CBRE CBRE Group Inc. Class A | New | 0.01% | +0.01 |
| J Jacobs Solutions Inc. | New | 0.01% | +0.01 |
| BX Blackstone Inc. | New | 0.01% | +0.01 |
| AWK American Water Works Co. Inc. | Add +8.8% | 0.03% | +0.01 |
| CAT Caterpillar Inc. | New | 0.00% | +0.00 |
| VTWO Vanguard Russell 2000 ETF | Add +38.1% | 0.01% | +0.00 |
| NEM Newmont Corp. | New | 0.00% | +0.00 |
| IEMG iShares Core MSCI Emerging | Add +86.3% | 0.01% | +0.00 |
| CWEN Clearway Energy Inc. Class C | Add +1.2% | 0.02% | +0.00 |
| AMZN Amazon.com Inc. | Add +1.2% | 6.58% | −0.00 |
| LLY Eli Lilly & Co. | Add +5.3% | 1.40% | −0.02 |
| OTIS Otis Worldwide Corp. | Add +2.4% | 2.04% | −0.02 |
| IDXX Idexx Laboratories Inc. | Add +6.8% | 0.75% | −0.02 |
| NKE Nike Inc. Class B | Add +2.8% | 1.27% | −0.09 |
| SPGI S&P Global Inc. | Add +2.7% | 1.83% | −0.17 |
| V Visa Inc. Class A | Add +1.5% | 4.44% | −0.20 |
| MSFT Microsoft Corp. | Add +1.9% | 7.74% | −1.33 |
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 |