Q2 2026 13F · SEC CIK 1426748

Lazard Freres Gestion S.A.S.

Investment managerFiled 2026-08-06 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $5.8B
Reported positions: 115
Top holdings a year, 3 yrs: +15.0%
Average holding period: 5.0 yrs

Lazard Freres Gestion S.A.S. is an investment manager that reported 115 positions worth $5.8B in its Q2 2026 13F, filed 2026-08-06. Its largest holdings were Alphabet Inc (GOOGL, 8.5%), Microsoft Corp (MSFT, 7.5%), Apple Inc (AAPL, 6.8%). A portfolio copying its top holdings returned 15.0% a year over the last 3 years, against 20.4% for the S&P 500.

Lazard Freres Gestion S.A.S. holdings largest 50 of 115 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Lazard Freres Gestion S.A.S. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
GOOGLAlphabet Inc	8.5%	7.3%	1,375,171	+6.8%	$491.4M
MSFTMicrosoft Corp	7.5%	7.7%	1,166,842	+10.0%	$435.3M
AAPLApple Inc	6.8%	6.3%	1,355,839	+7.9%	$392.3M
AMZNAmazon Com Inc	6.7%	6.6%	1,631,428	+1.8%	$388.8M
NVDANvidia Corporation	6.6%	5.0%	1,916,325	+31.2%	$383.4M
VVisa Inc	4.6%	4.4%	771,906	+3.5%	$264.8M
AMATApplied Matls Inc	4.6%	3.0%	363,875	-18.1%	$263.1M
RTXRtx Corporation	3.6%	3.9%	1,082,603	+4.8%	$205.4M
MSIMotorola Solutions Inc	3.2%	3.7%	445,079	+3.3%	$184.8M
METAMeta Platforms Inc	2.9%	2.1%	292,388	+58.2%	$164.7M
MRKMerck & Co Inc	2.6%	2.7%	1,149,281	+1.5%	$147.7M
PHParker-Hannifin Corp	2.4%	2.2%	141,805	+15.9%	$138.7M
APHAmphenol Corp	2.3%	1.7%	758,370	+10.2%	$133.7M
MDTMedtronic PLC	2.1%	2.7%	1,570,835	-0.6%	$122.9M
AVGOBroadcom Inc	2.0%	1.4%	306,411	+32.3%	$115.7M
COSTCostco Wholesale Corporation	2.0%	2.4%	120,877	+0.0%	$113.1M
OTISOtis Worldwide Corp	1.8%	2.0%	1,417,110	+5.7%	$101.5M
LLYEli Lilly & Co	1.8%	1.4%	84,549	+9.3%	$101.4M
KLACKla Corp	1.6%	1.2%	309,186	+669.6%	$93.3M
SPGIS&p Global Inc	1.6%	1.8%	238,298	+9.1%	$91.8M
ELLauder Estee Cos Inc	1.6%	1.6%	1,138,849	+2.7%	$89.9M
MSMorgan Stanley	1.5%	1.3%	401,471	+1.8%	$83.9M
CLColgate Palmolive Co	1.2%	1.3%	761,286	-0.7%	$69.8M
ZTSZoetis Inc	1.2%	2.4%	955,904	-8.9%	$68.7M
SPYState Str Spdr S&p 500 ETF T	1.1%	0.9%	82,908	+16.7%	$61.9M
JPMJpmorgan Chase & Co	1.1%	1.0%	185,508	+8.1%	$60.7M
MARMarriott Intl Inc New	1.0%	1.1%	158,002	-3.7%	$58.6M
MCOMoodys Corp	1.0%	1.0%	128,644	+9.8%	$58.3M
NKENike Inc	1.0%	1.3%	1,357,892	+11.4%	$55.7M
ACNAccenture PLC Ireland	0.9%	2.6%	439,707	-34.1%	$54.7M
ECLEcolab Inc	0.9%	1.2%	194,594	-11.4%	$54.2M
WFCWells Fargo & Co	0.8%	0.8%	586,166	+9.3%	$48.4M
ICEIntercontinental Exchange Inc	0.8%	1.1%	375,371	+5.8%	$46.2M
MTDMettler Toledo International	0.8%	0.7%	35,279	+18.2%	$45.1M
ROSTRoss Stores Inc	0.8%	1.1%	208,842	-20.5%	$44.5M
MDLZMondelez International	0.8%	0.9%	765,830	-7.2%	$44.3M
DISDisney Walt Co	0.8%	0.8%	457,055	+2.6%	$44.0M
MLMMartin Marietta Matls Inc	0.8%	0.9%	75,935	-7.0%	$43.8M
CVXChevron Corporation	0.7%	1.0%	258,038	+1.8%	$42.8M
IDXXIdexx Labs Inc	0.7%	0.7%	75,574	+12.3%	$39.8M
TMUST-Mobile US Inc	0.6%	0.9%	205,832	-5.7%	$34.5M
GOOGAlphabet Inc	0.5%	0.5%	86,821	-0.7%	$30.7M
HONHoneywell Intl Inc	0.5%	—	127,116	—	$28.5M
SWSmurfit Westrock PLC F	0.5%	—	608,900	—	$28.2M
MUMicron Technology Inc	0.5%	—	22,562	—	$26.0M
SPOTSpotify Technology SA	0.4%	0.4%	49,279	+16.7%	$22.6M
BDXBecton Dickinson & Co	0.3%	0.9%	125,504	-58.6%	$19.0M
BRK-BBerkshire Hathaway Inc Del	0.2%	0.4%	25,077	-36.5%	$12.5M
HONAHoneywell Aerospace Inc	0.2%	—	55,478	—	$12.3M
BSXBoston Scientific Corp	0.2%	0.3%	241,113	+10.9%	$10.3M

What Lazard Freres Gestion S.A.S. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +15.8% /yr; S&P 500 +20.1%
3 years: +15.0% /yr; S&P 500 +20.4%
5 years: +9.0% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F 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

Questions about Lazard Freres Gestion S.A.S.'s portfolio

What stocks does Lazard Freres Gestion S.A.S. own?

Lazard Freres Gestion S.A.S.'s latest 13F, for Q2 2026 and filed Aug 6, 2026, lists 115 positions worth $5.8B. The largest are Alphabet Inc (GOOGL) at 8.5%, Microsoft Corp (MSFT) at 7.5%, Apple Inc (AAPL) at 6.8%, Amazon Com Inc (AMZN) at 6.7% and Nvidia Corporation (NVDA) at 6.6%.

What did Lazard Freres Gestion S.A.S. buy last quarter?

In Q2 2026, Lazard Freres Gestion S.A.S. added Kla Corp (KLAC) (+669.6% shares), Meta Platforms Inc (META) (+58.2% shares) and Broadcom Inc (AVGO) (+32.3% shares), compared with its Q1 2026 filing.

What did Lazard Freres Gestion S.A.S. sell last quarter?

In Q2 2026, Lazard Freres Gestion S.A.S. cut from its top 50 Honeywell Intl. Inc (HON), cut from its top 50 Waters Corp (WAT), cut from its top 50 Procter & Gamble Co (PG), cut from its top 50 Berkshire Hathaway Inc Del (BRK-A), Becton Dickinson & Co (BDX) (-58.6% shares), Berkshire Hathaway Inc Del (BRK-B) (-36.5% shares) and Accenture PLC Ireland (ACN) (-34.1% shares), compared with its Q1 2026 filing.

How has Lazard Freres Gestion S.A.S.'s portfolio performed?

A portfolio copying Lazard Freres Gestion S.A.S.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +15.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +15.8% against +20.1%. Over 5 years: +9.0% a year against +11.6%.

When is Lazard Freres Gestion S.A.S.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Lazard Freres Gestion S.A.S.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.