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Asset Manager ← All Institutions

Lazard Freres Gestion S.A.S.

25 RUE DE COURCELLES, PARIS, I0 75008 • 0144130421

Q2 2025 · Filed 2025-07-31
Market Value
$4.8B
+16.4%
Holdings
118
+12
New Purchases
15
Added To
37
Closed
8
Reduced
44
Top 10 Concentration
50.3%
Turnover
19.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 10.56% 8.80% +1.76% $505M
NVDA 4.86% 3.50% +1.36% $233M
SPGI 0.84% 0.04% +0.80% $40M
LLY 1.26% 0.72% +0.53% $60M
META 2.61% 2.13% +0.48% $125M
AMAT 2.19% 1.74% +0.45% $105M
AMZN 6.70% 6.26% +0.43% $321M
MCO 0.85% 0.44% +0.41% $41M
COST 1.59% 1.18% +0.41% $76M
AVGO 1.11% 0.72% +0.38% $53M
PH 1.83% 1.47% +0.37% $88M
RTX 3.47% 3.13% +0.34% $166M
APH 1.89% 1.57% +0.32% $91M
MTD 0.28% 0.00% +0.28% $13M
MAR 1.07% 0.83% +0.23% $51M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BDX 1.85% 3.43% -1.58% $89M
CVX 0.84% 2.04% -1.20% $40M
V 4.68% 5.55% -0.87% $224M
BLL 0.23% 0.76% -0.53% $11M
ACN 3.60% 4.12% -0.52% $172M
ZTS 3.38% 3.85% -0.47% $162M
GOOGL 5.20% 5.67% -0.47% $249M
ADBE 0.74% 1.16% -0.41% $36M
MDT 2.62% 3.02% -0.40% $125M
AAPL 5.27% 5.61% -0.34% $252M
EL 1.39% 1.72% -0.33% $67M
ECL 1.63% 1.93% -0.30% $78M
EOG 0.39% 0.65% -0.27% $19M
TMUS 0.91% 1.16% -0.25% $44M
WFC 0.98% 1.21% -0.23% $47M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 33.2%
Financial Services 13.2%
Healthcare 12.3%
Communication Services 12.1%
Consumer Cyclical 10.2%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 44 $2.9B 61.3%
Large Cap 63 $1.8B 38.6%
Mid Cap 10 $5M 0.1%
Small Cap 1 $227K 0.0%

Portfolio Analytics

Avg Market Cap
$445.0B
Median Market Cap
$109.8B
Avg P/E
38.3
Median P/E
29.8
Avg Dividend Yield
0.01%
Avg Beta
1.05
# Stocks
111
# ETFs / Funds
7

Top Holdings (118 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 10.56% 1,016,168 $505M $497.41 $144M +52,157 +5.4%
2 AMZN 6.70% 1,461,771 $321M $219.39 $63M +107,650 +8.0%
3 AAPL 5.27% 1,229,267 $252M $205.17 $21M +190,301 +18.3%
4 GOOGL 5.20% 1,413,144 $249M $176.23 $16M -94,820 -6.3%
5 NVDA 4.86% $233M $89M -1,328,782 -100.0%
6 V 4.68% 630,836 $224M $355.05 -$4M -20,402 -3.1%
7 ACN 3.60% 576,703 $172M $298.89 $3M +33,172 +6.1%
8 RTX 3.47% 1,137,614 $166M $146.02 $37M +165,157 +17.0%
9 ZTS 3.38% 1,038,636 $162M $155.95 $4M +76,142 +7.9%
10 MDT 2.62% 1,439,272 $125M $87.17 $1M +58,142 +4.2%
11 META 2.61% 169,133 $125M $738.09 $37M +17,238 +11.3%
12 MSI 2.53% 287,672 $121M $420.46 $21M +58,247 +25.4%
13 AMAT 2.19% 571,617 $105M $183.07 $33M +79,043 +16.1%
14 MRK 1.92% $92M $9M -923,260 -100.0%
15 APH 1.89% 918,649 $91M $98.75 $26M -67,797 -6.9%
16 OTIS 1.89% 913,753 $90M $99.02 $10M +133,473 +17.1%
17 BDX 1.85% 514,113 $89M $172.25 -$52M -101,451 -16.5%
18 PH 1.83% $88M $28M -99,133 -100.0%
19 ECL 1.63% 290,400 $78M $269.44 -$1M -22,915 -7.3%
20 ICE 1.63% 424,772 $78M $183.47 $6M +10,032 +2.4%
21 COST 1.59% 76,865 $76M $989.93 $27M +25,432 +49.5%
22 EL 1.39% $67M -$4M -1,072,736 -100.0%
23 KLAC 1.39% 74,145 $66M $895.73 $15M -873 -1.2%
24 DIS 1.31% 504,998 $63M $124.01 $4M -87,187 -14.7%
25 CL 1.28% 673,448 $61M $90.90 $18M +212,229 +46.0%
26 MS 1.27% 432,278 $61M $140.86 $11M +6,835 +1.6%
27 LLY 1.26% 77,295 $60M $779.52 $30M +41,222 +114.3%
28 HON 1.21% 248,133 $58M $232.88 $5M -319 -0.1%
29 AVGO 1.11% $53M $23M -177,136 -100.0%
30 MAR 1.07% 186,984 $51M $273.21 $17M +42,995 +29.9%
31 JPM 1.06% 175,551 $51M $289.90 $6M -6,286 -3.5%
32 IDXX 1.02% 90,904 $49M $536.34 $15M +9,671 +11.9%
33 NKE 1.02% $49M $5M -694,454 -100.0%
34 SPY 0.99% 76,495 $47M $617.84 $3M -1,918 -2.5%
35 WFC 0.98% $47M -$3M -695,797 -100.0%
36 MDLZ 0.97% 685,490 $46M $67.44 $682K +14,198 +2.1%
37 ROST 0.94% $45M $989K -345,671 -100.0%
38 TMUS 0.91% 183,547 $44M $238.26 -$4M +3,994 +2.2%
39 MCO 0.85% 81,401 $41M $501.58 $23M +42,186 +107.6%
40 SPGI 0.84% 76,726 $40M $527.28 $39M +73,151 +2046.2%
41 CVX 0.84% 282,288 $40M $143.19 -$44M -220,123 -43.8%
42 BRK-B 0.84% 83,027 $40M $485.77 -$1M +5,274 +6.8%
43 ADBE 0.74% 92,147 $36M $386.87 -$12M -32,020 -25.8%
44 MLM 0.57% 49,386 $27M $548.94 $11M +16,192 +48.8%
45 SPOT 0.50% 31,501 $24M $767.31 $5M -3,649 -10.4%
46 EOG 0.39% 155,132 $19M $119.61 -$8M -54,169 -25.9%
47 GOOG 0.33% 88,338 $16M $177.39 $2M -2,108 -2.3%
48 MTD 0.28% 11,290 $13M $1,174.67 +11,290 NEW
49 BRK-A 0.27% 18 $13M $728,777.78 -$1M
50 CRM 0.23% 40,910 $11M $272.67 -$791K -3,605 -8.1%
51 BLL 0.23% 192,803 $11M $56.09 -$20M -407,854 -67.9%
52 HD 0.20% 25,882 $9M $366.63 -$76K -218 -0.8%
53 PG 0.19% $9M -$578K -55,409 -100.0%
54 NFLX 0.13% $6M $2M -3,792 -100.0%
55 AMD 0.09% $4M -$250K -45,430 -100.0%
56 NOW 0.08% 3,938 $4M $1,027.93 -$457K -1,721 -30.4%
57 UBER 0.08% 42,100 $4M $93.28 -$298K -15,900 -27.4%
58 MU 0.07% 28,500 $4M $123.23 -$484K -17,500 -38.0%
59 SNPS 0.07% 6,800 $3M $512.65 $56K -1,200 -15.0%
60 CDNS 0.07% 11,200 $3M $308.13 -$84K -2,700 -19.4%
61 ARM 0.07% $3M $2M -12,000 -100.0%
62 BAC 0.07% 66,352 $3M $47.31 $634K +6,318 +10.5%
63 AXP 0.05% 7,820 $2M $318.93 $245K -540 -6.5%
64 AWK 0.05% 17,430 $2M $139.07 $101K +1,680 +10.7%
65 PINS 0.04% 60,000 $2M $35.85 +60,000 NEW
66 IVV 0.04% 3,150 $2M $620.63 $186K
67 PLD 0.04% 18,000 $2M $105.11 $453K +5,120 +39.8%
68 JCI 0.04% 17,745 $2M $105.61 $100K -4,400 -19.9%
69 VTEB 0.04% $2M -$22K -37,500 -100.0%
70 HLT 0.04% 6,830 $2M $266.33 -$122K -1,700 -19.9%
71 VRSK 0.03% 5,000 $2M $311.40 +5,000 NEW
72 CARR 0.03% 19,865 $1M $73.14 $194K
73 CI 0.03% 4,246 $1M $330.43 -$99K -320 -7.0%
74 PWR 0.03% 3,420 $1M $378.07 $493K +270 +8.6%
75 TYL 0.02% 2,000 $1M $592.50 +2,000 NEW
76 CVS 0.02% 16,150 $1M $68.98 $20K
77 XYL 0.02% 8,350 $1M $129.34 $145K +520 +6.6%
78 TTEK 0.02% 25,830 $928K $35.93 $422K +8,500 +49.0%
79 JNJ 0.02% $907K -$216K -6,772 -100.0%
80 FSLR 0.02% 5,390 $892K $165.49 $508K +2,350 +77.3%
81 0HQN.L 0.02% 3,400 $792K $232.94 +3,400 NEW
82 SYK 0.02% 2,000 $791K $395.50 $47K
83 CLH 0.02% 3,240 $749K $231.17 $170K +300 +10.2%
84 VERX 0.01% 20,000 $706K $35.30 +20,000 NEW
85 OC 0.01% 4,850 $666K $137.32 $162K +1,320 +37.4%
86 CWEN 0.01% 19,500 $624K $32.00 +19,500 NEW
87 IBM 0.01% 2,078 $612K $294.51 $96K
88 KO 0.01% 8,605 $608K $70.66 -$8K
89 AYI 0.01% 2,000 $596K $298.00 +2,000 NEW
90 WM 0.01% $593K NEW
91 IJH 0.01% $561K $33K -9,050 -100.0%
92 XOM 0.01% 5,150 $555K $107.77 -$57K
93 QQQ 0.01% 1,005 $554K $551.24 $125K +90 +9.8%
94 BMI 0.01% 2,250 $551K $244.89 +2,250 NEW
95 ORCL 0.01% 2,400 $524K $218.33 $189K
96 NXT 0.01% 9,550 $519K $54.35 $235K +2,800 +41.5%
97 IJR 0.01% 4,602 $502K $109.08 $21K
98 OLED 0.01% 3,000 $463K $154.33 +3,000 NEW
99 ONON 0.01% $437K $112K -7,421 -100.0%
100 TSLA 0.01% 1,310 $416K $317.56 $77K

New Positions

SymbolValue% Port
MTD $13M 0.28%
PINS $2M 0.04%
VRSK $2M 0.03%
TYL $1M 0.02%
0HQN.L $792K 0.02%
VERX $706K 0.01%
CWEN $624K 0.01%
AYI $596K 0.01%
WM $593K 0.01%
BMI $551K 0.01%
OLED $463K 0.01%
MRVL $267K 0.01%
SCHW $239K —%
LAZ $215K —%
GS $201K —%

Sold Out Positions

SymbolValue% Port
WMS —%
J —%
SLB —%
ETN —%
KAI —%
CSCO —%
BABA —%
HES —%
View SEC EDGAR Filings for Lazard Freres Gestion S.A.S. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms