Lazard Freres Gestion S.A.S.

Q3 2025 13F-HR Holdings

Location
Paris, I0
Holdings as of
9/30/2025
Date filed
10/21/2025
Form type
13F-HR
Num holdings
112
Total value ($000)
$5,253,356
Net value change ($000)
+465,465 (9.7%)
New positions
5
Sold out positions
3
Turnover %
0.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/31/2025 Next filing: 2/6/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GOOGL 93,212 37.4%
AAPL 69,716 27.6%
SPGI 43,408 107.3%
NVDA 35,766 15.4%
MSI 30,488 25.2%
RTX 22,232 13.4%
MS 22,081 36.3%
MSFT 21,540 4.3%
MDT 20,330 16.2%
AVGO 16,912 32.0%
Top Reduces (Value $000, Stocks/ETFs)
ACN -28,287 -16.4%
BALL -7,379 -68.2%
ADBE -7,180 -20.1%
DIS -7,128 -11.4%
ICE -6,203 -8.0%
HON -4,800 -8.3%
BDX -2,122 -2.4%
CRM -2,008 -18.0%
MAR -1,875 -3.7%
BAC -1,688 -53.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type