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

0$2.0B$4.0B$6.0B Q1 2024: $4.0B Q1 2024 Q2 2024: $4.3B Q2 2024 Q3 2024: $4.7B Q3 2024 Q4 2024: $5.0B Q4 2024 Q1 2025: $4.1B Q1 2025 Q2 2025: $4.1B Q2 2025 Q3 2025: $5.3B Q3 2025 Q4 2025: $5.6B Q4 2025 Q1 2026: $5.1B Q1 2026 Q2 2026: $5.8B $5.8B Q2 2026

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
FEZ State Street SPDR Euro Stoxx 0.01% 8,000 $549K New
BMI Badger Meter Inc. 0.01% 3,250 $482K No change
IEMG iShares Core MSCI Emerging 0.01% 5,660 $468K Add +1.3%
ONON On Holding AG Class A filed as ON HLDG AG 0.01% 11,920 $422K Add +5.0%
CAT Caterpillar Inc. 0.01% 330 $351K No change
ORCL Oracle Corp. 0.01% 2,400 $351K No change
DDOG Datadog Inc. Class A 0.01% 1,310 $341K Reduce -92.8%
CSCO Cisco Systems Inc. 0.01% 2,780 $326K No change
BX Blackstone Inc. 0.01% 2,702 $317K No change
WAT Waters Corp. 0.00% 630 $236K Reduce -98.4%
ABT Abbott Laboratories 0.00% 2,500 $226K No change
PEP Pepsico Inc. 0.00% 1,665 $225K No change
C Citigroup Inc. 0.00% 1,600 $223K New
EEM iShares MSCI Emerging Market 0.00% 3,000 $205K New
COTY Coty Inc. Class A 0.00% 61,160 $132K Add +5.1%

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 115$5.8BGOOGL, MSFT, AAPL, AMZN, NVDA
Q1 2026 123$5.1BMSFT, GOOGL, AMZN, AAPL, NVDA
Q4 2025 112$5.6BMSFT, GOOGL, AMZN, AAPL, NVDA
Q3 2025 112$5.3BMSFT, GOOGL, AMZN, AAPL, NVDA
Q2 2025 89$4.1BMSFT, AMZN, AAPL, GOOGL, V
Q1 2025 103$4.1BMSFT, AMZN, GOOGL, AAPL, V
Q4 2024 101$5.0BMSFT, AMZN, GOOGL, V, AAPL
Q3 2024 97$4.7BMSFT, AMZN, GOOGL, AAPL, V
Q2 2024 93$4.3BMSFT, AMZN, GOOGL, V, MRK
Q1 2024 77$4.0BMSFT, AMZN, V, GOOGL, MRK