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Asset Manager ← All Institutions

Lazard Freres Gestion S.A.S.

25 RUE DE COURCELLES, PARIS, I0 75008 • 0144130421

Q4 2025 · Filed 2026-02-06
Market Value
$5.6B
+5.7%
Holdings
117
+2
New Purchases
5
Added To
33
Closed
5
Reduced
48
Top 10 Concentration
51.4%
Turnover
8.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 7.27% 6.51% +0.76% $404M
EL 2.11% 1.38% +0.73% $117M
ACN 3.31% 2.74% +0.57% $184M
SPGI 2.00% 1.60% +0.41% $111M
MRK 2.26% 1.87% +0.39% $126M
V 4.64% 4.30% +0.34% $258M
COST 1.80% 1.49% +0.30% $100M
NKE 1.36% 1.06% +0.30% $76M
MLM 0.91% 0.64% +0.27% $50M
LLY 1.42% 1.17% +0.26% $79M
MTD 0.75% 0.52% +0.23% $42M
AMZN 6.59% 6.39% +0.19% $366M
OTIS 2.06% 1.87% +0.19% $114M
MDT 2.95% 2.78% +0.18% $164M
SPY 1.04% 0.88% +0.17% $58M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 9.07% 10.03% -0.96% $503M
ZTS 2.40% 3.11% -0.71% $133M
BRK-B 0.46% 0.80% -0.34% $26M
ECL 1.12% 1.46% -0.34% $62M
BDX 1.31% 1.65% -0.33% $73M
EOG 0.00% 0.33% -0.33% $0
KLAC 0.98% 1.26% -0.28% $54M
ICE 1.11% 1.37% -0.25% $62M
MDLZ 0.68% 0.91% -0.23% $38M
TMUS 0.62% 0.83% -0.21% $35M
META 2.26% 2.45% -0.19% $126M
IDXX 0.77% 0.96% -0.19% $43M
HON 0.84% 1.01% -0.17% $47M
DIS 0.91% 1.06% -0.14% $51M
CVX 0.70% 0.83% -0.13% $39M

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 $3.5B 62.2%
Large Cap 63 $2.1B 37.6%
Mid Cap 9 $8M 0.1%
Small Cap 1 $198K 0.0%

Portfolio Analytics

Avg Market Cap
$447.3B
Median Market Cap
$117.2B
Avg P/E
38.1
Median P/E
28.9
Avg Dividend Yield
0.01%
Avg Beta
1.07
# Stocks
109
# ETFs / Funds
8

Top Holdings (117 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 9.07% 1,040,819 $503M $483.62 -$24M +23,361 +2.3%
2 GOOGL 7.27% 1,289,893 $404M $313.00 $61M -117,967 -8.4%
3 AMZN 6.59% 1,583,820 $366M $230.82 $30M +54,093 +3.5%
4 AAPL 6.05% 1,234,233 $336M $271.86 $14M -30,052 -2.4%
5 NVDA 4.99% 1,485,322 $277M $186.50 $9M +46,902 +3.3%
6 V 4.64% 734,569 $258M $350.71 $32M +72,375 +10.9%
7 RTX 3.48% 1,052,882 $193M $183.40 $5M -72,720 -6.5%
8 ACN 3.31% 684,857 $184M $268.30 $40M +100,577 +17.2%
9 MSI 3.04% 439,646 $169M $383.32 $17M +108,472 +32.8%
10 MDT 2.95% 1,705,936 $164M $96.06 $18M +175,159 +11.4%
11 ZTS 2.40% 1,056,947 $133M $125.82 -$30M -58,570 -5.2%
12 AMAT 2.37% 512,245 $132M $256.99 $14M -61,721 -10.8%
13 MRK 2.26% 1,193,915 $126M $105.26 $27M +22,103 +1.9%
14 META 2.26% 190,229 $126M $660.09 -$3M +14,682 +8.4%
15 EL 2.11% 1,117,878 $117M $104.72 $45M +297,309 +36.2%
16 OTIS 2.06% 1,309,160 $114M $87.35 $16M +235,316 +21.9%
17 SPGI 2.00% 212,605 $111M $522.59 $27M +40,296 +23.4%
18 PH 1.94% 122,273 $107M $878.96 $4M -13,959 -10.2%
19 APH 1.84% 754,763 $102M $135.14 -$1M -80,716 -9.7%
20 COST 1.80% 115,633 $100M $862.33 $21M +30,933 +36.5%
21 MS 1.55% 484,783 $86M $177.53 $3M -37,181 -7.1%
22 LLY 1.42% 73,470 $79M $1,074.67 $18M -6,816 -8.5%
23 AVGO 1.40% 224,598 $78M $346.10 $8M +12,932 +6.1%
24 NKE 1.36% 1,185,742 $76M $63.71 $20M +389,047 +48.8%
25 BDX 1.31% 375,553 $73M $194.07 -$14M -86,237 -18.7%
26 MCO 1.14% 123,837 $63M $510.85 $10M +12,125 +10.8%
27 ECL 1.12% 236,685 $62M $262.52 -$15M -43,686 -15.6%
28 ICE 1.11% 381,922 $62M $161.96 -$10M -43,823 -10.3%
29 CL 1.11% 776,697 $61M $79.02 $1M +27,244 +3.6%
30 MAR 1.07% 191,585 $59M $310.24 $10M +2,635 +1.4%
31 SPY 1.04% 85,013 $58M $681.92 $12M +15,827 +22.9%
32 ROST 1.02% 314,943 $57M $180.14 $3M -40,376 -11.4%
33 JPM 0.99% 170,072 $55M $322.22 -$2M -10,529 -5.8%
34 KLAC 0.98% 44,705 $54M $1,215.08 -$12M -16,741 -27.2%
35 DIS 0.91% 445,278 $51M $113.77 -$5M -39,407 -8.1%
36 MLM 0.91% 81,029 $50M $622.65 $17M +27,839 +52.3%
37 WFC 0.90% 536,101 $50M $93.20 $737K -51,199 -8.7%
38 HON 0.84% 239,534 $47M $195.09 -$6M -12,180 -4.8%
39 IDXX 0.77% 62,997 $43M $676.52 -$8M -15,702 -19.9%
40 MTD 0.75% 29,848 $42M $1,394.16 $14M +7,679 +34.6%
41 CVX 0.70% 254,176 $39M $152.41 -$5M -27,163 -9.7%
42 MDLZ 0.68% 704,472 $38M $53.83 -$10M -60,742 -7.9%
43 TMUS 0.62% 170,514 $35M $203.04 -$9M -12,614 -6.9%
44 GOOG 0.48% 85,722 $27M $313.79 $6M -1,525 -1.8%
45 ADBE 0.48% 75,782 $27M $349.98 -$2M -4,924 -6.1%
46 BRK-B 0.46% 50,796 $26M $502.64 -$17M -33,051 -39.4%
47 SPOT 0.34% 32,570 $19M $580.69 -$4M -390 -1.2%
48 BRK-A 0.20% 15 $11M $754,800.00 -$2M -3 -16.7%
49 CRM 0.17% 35,854 $9M $264.91 $351K -2,744 -7.1%
50 PG 0.13% 50,500 $7M $143.31 -$1M -3,697 -6.8%
51 HD 0.09% 14,395 $5M $344.08 -$3M -5,862 -28.9%
52 AMD 0.08% 20,030 $4M $214.13 -$262K -8,100 -28.8%
53 NFLX 0.07% 43,920 $4M $93.74 -$1M +39,428 +877.7%
54 MU 0.06% 12,000 $3M $285.33 -$1M -14,500 -54.7%
55 VRSK 0.06% 14,000 $3M $223.64 -$515K -500 -3.5%
56 APP 0.05% 4,300 $3M $673.72 $383K +800 +22.9%
57 AXP 0.05% 7,660 $3M $369.84 $236K -160 -2.0%
58 NOW 0.05% 17,905 $3M $153.14 -$605K +14,267 +392.2%
59 BLL 0.05% 51,504 $3M $52.97 -$707K -16,628 -24.4%
60 SNPS 0.05% 5,800 $3M $469.66 -$187K -100 -1.7%
61 QQQ 0.05% 4,283 $3M $614.29 $2M +2,646 +161.6%
62 CDNS 0.04% 7,800 $2M $312.56 -$969K -1,900 -19.6%
63 UBER 0.04% 29,000 $2M $81.69 -$1M -10,100 -25.8%
64 PLD 0.04% 18,340 $2M $127.64 $166K -660 -3.5%
65 TYL 0.04% 5,000 $2M $453.80 -$346K
66 VERX 0.04% 110,000 $2M $19.96 $461K +40,000 +57.1%
67 IVV 0.04% 3,150 $2M $684.76 $49K
68 IOT 0.04% 60,000 $2M $35.45 -$108K
69 DUOL 0.04% 12,000 $2M $175.50 +12,000 NEW
70 PINS 0.04% 80,000 $2M $25.89 -$49K +14,100 +21.4%
71 JCI 0.03% 14,075 $2M $119.72 -$266K -3,670 -20.7%
72 BAC 0.03% 30,316 $2M $54.99 $216K +2,179 +7.7%
73 HLT 0.03% 5,630 $2M $287.21 $66K -350 -5.8%
74 DDOG 0.03% 11,310 $2M $135.99 +11,310 NEW
75 ARM 0.03% 13,000 $1M $109.31 -$984K -4,000 -23.5%
76 AWK 0.02% 10,160 $1M $130.41 -$1M -7,270 -41.7%
77 PWR 0.02% 3,070 $1M $421.82 $23K
78 CVS 0.02% 16,075 $1M $79.32 $58K -75 -0.5%
79 0HQN.L 0.02% 4,940 $1M $250.81 -$48K -310 -5.9%
80 FSLR 0.02% 4,390 $1M $261.05 $178K
81 XYL 0.02% 8,350 $1M $136.17 -$94K
82 CI 0.02% 3,996 $1M $275.03 -$124K -250 -5.9%
83 JNJ 0.02% 4,685 $969K $206.83 -$132K -1,257 -21.1%
84 NXT 0.02% 10,850 $945K $87.10 $143K
85 TTEK 0.02% 25,830 $866K $33.53 $4K
86 WM 0.02% 3,842 $844K $219.68 -$4K
87 CARR 0.01% 13,965 $737K $52.77 -$448K -5,900 -29.7%
88 AYI 0.01% 2,000 $720K $360.00 $32K
89 SYK 0.01% 2,000 $702K $351.00 -$37K
90 CWEN 0.01% 19,770 $657K $33.23 $107K +270 +1.4%
91 XOM 0.01% 5,150 $619K $120.19 $39K
92 IBM 0.01% 2,078 $615K $295.96 $29K
93 IJH 0.01% 9,050 $597K $65.97 $7K
94 TSLA 0.01% 1,310 $589K $449.62 $7K
95 ONON 0.01% 12,540 $582K $46.41 $228K +4,180 +50.0%
96 BMI 0.01% 3,250 $566K $174.15 $40K +300 +10.2%
97 KO 0.01% 8,000 $559K $69.88 $29K
98 IJR 0.01% 4,602 $553K $120.17 $7K
99 OC 0.01% 4,850 $542K $111.75 -$144K
100 VTWO 0.01% 4,970 $494K $99.40 $65K +576 +13.1%

New Positions

SymbolValue% Port
DUOL $2M 0.04%
DDOG $2M 0.03%
CSCO $214K —%
IEMG $201K —%
INTC $200K —%

Sold Out Positions

SymbolValue% Port
EOG —%
SCHW —%
SLB —%
BA —%
VTEB —%
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