Lazard Freres Gestion S.A.S.

Q1 2026 13F-HR Holdings

Location
Paris, I0
Holdings as of
3/31/2026
Date filed
5/7/2026
Form type
13F-HR
Num holdings
123
Total value ($000)
$5,071,148
Net value change ($000)
-479,325 (-8.6%)
New positions
14
Sold out positions
3
Turnover %
1.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/6/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 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)
COST 20,717 20.8%
AMAT 20,124 15.3%
MSI 18,468 11.0%
CVX 13,702 35.4%
BSX 13,647 NEW
WAT 11,490 NEW
TMUS 11,201 32.4%
MRK 10,540 8.4%
MDLZ 9,640 25.4%
HON 7,701 16.5%
Top Reduces (Value $000, Stocks/ETFs)
MSFT -110,847 -22.0%
ACN -51,482 -28.0%
EL -37,453 -32.0%
GOOGL -33,413 -8.3%
V -32,245 -12.5%
AMZN -31,757 -8.7%
MDT -26,891 -16.4%
ADBE -26,522 -100.0%
BDX -25,204 -34.6%
NVDA -22,295 -8.0%
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