Lazard Freres Gestion S.a.s 13F annual report
Lazard Freres Gestion S.a.s is an investment fund managing more than $4.34 billion ran by Christophe Coquema. There are currently 93 companies in Mr. Coquema’s portfolio. The largest investments include Microsoft and Amazon.com, together worth $745 million.
$4.34 billion Assets Under Management (AUM)
As of 22nd July 2024, Lazard Freres Gestion S.a.s’s top holding is 968,000 shares of Microsoft currently worth over $422 million and making up 9.7% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Lazard Freres Gestion S.a.s owns more than approximately 0.1% of the company.
In addition, the fund holds 1,701,299 shares of Amazon.com worth $323 million, whose value grew 13.2% in the past six months.
The third-largest holding is Alphabet Inc A worth $247 million and the next is Visa Inc worth $215 million, with 837,349 shares owned.
Currently, Lazard Freres Gestion S.a.s's portfolio is worth at least $4.34 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Lazard Freres Gestion S.a.s
The Lazard Freres Gestion S.a.s office and employees reside in Paris, France. According to the last 13-F report filed with the SEC, Christophe Coquema serves as the MANAGING DIRECTOR at Lazard Freres Gestion S.a.s.
Recent trades
In the most recent 13F filing, Lazard Freres Gestion S.a.s revealed that it had opened a new position in
ServiceNow Inc and bought 7,000 shares worth $5.51 million.
This means they effectively own approximately 0.1% of the company.
ServiceNow Inc makes up
0.6%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Microsoft by buying
26,024 additional shares.
This makes their stake in Microsoft total 968,000 shares worth $422 million.
Microsoft dropped approximately 0.1% in the past year.
On the other hand, there are companies that Lazard Freres Gestion S.a.s is getting rid of from its portfolio.
Lazard Freres Gestion S.a.s closed its position in Abbvie Inc on 29th July 2024.
It sold the previously owned 1,200 shares for $218 thousand.
Christophe Coquema also disclosed a decreased stake in Alphabet Inc A by approximately 0.1%.
This leaves the value of the investment at $247 million and 1,396,944 shares.
One of the smallest hedge funds
The two most similar investment funds to Lazard Freres Gestion S.a.s are New Mountain Vantage Advisers, L.L.C and Sit Investment Associates Inc. They manage $4.33 billion and $4.35 billion respectively.
Christophe Coquema investment strategy
Lazard Freres Gestion S.a.s’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 23.1% of
the total portfolio value.
The fund focuses on investments in the United States as
48.4% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
46% of the total holdings value.
On the other hand, small-cap stocks make up only 1.1% of the portfolio.
The average market cap of the portfolio companies is close to $209 billion.
The complete list of Lazard Freres Gestion S.a.s trades based on 13F SEC filings
These positions were updated on July 29th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Microsoft Corporation |
2.76%
968,000
|
$421,899,000 | 9.73% |
| Amazon.com Inc. |
1.34%
1,701,299
|
$323,058,000 | 7.45% |
| Alphabet Inc A |
5.80%
1,396,944
|
$246,816,000 | 5.69% |
| Visa Inc |
4.89%
837,349
|
$215,170,000 | 4.96% |
| Merck Co Inc |
0.32%
1,604,164
|
$194,739,000 | 4.49% |
| Accenture plc |
17.36%
620,439
|
$185,247,000 | 4.27% |
| Apple Inc |
93.88%
844,925
|
$174,028,000 | 4.01% |
| NVIDIA Corp |
947.01%
1,227,839
|
$146,003,000 | 3.37% |
| Alphabet Inc C |
0.39%
778,151
|
$142,784,000 | 3.29% |
| Raytheon Tech |
3.29%
1,428,938
|
$140,677,000 | 3.24% |
| Becton Dickinso |
1.70%
590,733
|
$135,354,000 | 3.12% |
| Parker-Hannifin Corp. |
2.05%
270,578
|
$133,706,000 | 3.08% |
| Zoetis Inc |
25.62%
693,616
|
$118,368,000 | 2.73% |
| Chevron Corp. |
1.61%
690,651
|
$105,691,000 | 2.44% |
| Otis Worldwide Corporation |
0.33%
1,038,819
|
$97,929,000 | 2.26% |
| Motorola Sol |
0.28%
255,005
|
$94,450,000 | 2.18% |
| Ecolab, Inc. |
0.34%
350,630
|
$80,585,000 | 1.86% |
| KLA Corp. |
2.07%
96,645
|
$76,205,000 | 1.76% |
| Applied Matls I |
2.44%
331,538
|
$75,080,000 | 1.73% |
| Amphenol Corp. |
81.99%
1,137,121
|
$73,949,000 | 1.71% |
| Medtronic Plc |
12.93%
938,635
|
$71,469,000 | 1.65% |
| Estee Lauder |
14.91%
673,795
|
$69,874,000 | 1.61% |
| Adobe Inc |
19.81%
124,098
|
$65,641,000 | 1.51% |
| Walt Disney Co (The) |
3.04%
675,376
|
$65,228,000 | 1.50% |
| Intercontinen |
4.30%
494,594
|
$65,022,000 | 1.50% |
| Ball Corp. |
2.56%
995,727
|
$58,050,000 | 1.34% |
| Costco Whole |
32.47%
63,725
|
$52,062,000 | 1.20% |
| Honeywell Intl |
5.29%
247,103
|
$50,578,000 | 1.17% |
| Ross Stores, Inc. |
6.24%
363,957
|
$50,412,000 | 1.16% |
| Morgan Stanley |
0.45%
532,585
|
$49,287,000 | 1.14% |
| Bank Of America Corp. |
3.93%
1,265,726
|
$47,938,000 | 1.11% |
| T-mobil Us Inc |
0.01%
275,259
|
$46,591,000 | 1.07% |
| Colgate Palmol |
0.39%
494,858
|
$46,058,000 | 1.06% |
| Wells Fargo Co |
1.66%
800,576
|
$45,638,000 | 1.05% |
| Nike, Inc. |
28.71%
607,043
|
$43,338,000 | 1.00% |
| Procter Gambl |
0.45%
256,708
|
$42,342,000 | 0.98% |
| Mondelez Intl |
4.07%
642,696
|
$40,172,000 | 0.93% |
| Spdr Sp 500 |
36.32%
66,138
|
$36,051,000 | 0.83% |
| John John Com |
0.04%
239,172
|
$34,956,000 | 0.81% |
| Pepsico Inc |
0.22%
207,965
|
$32,968,000 | 0.76% |
| EOG Resources, Inc. |
0.00%
256,690
|
$31,023,000 | 0.72% |
| Berkshire-hat |
10.17%
54,184
|
$22,075,000 | 0.51% |
| Meta Platforms Inc |
17.97%
22,678
|
$11,439,000 | 0.26% |
| Home Depot, Inc. |
1.85%
28,630
|
$9,804,000 | 0.23% |
| Berkshire-hat A |
20.00%
12
|
$7,355,000 | 0.17% |
| Adv Micro Dev I |
9.78%
40,400
|
$6,479,000 | 0.15% |
| Salesforce Inc |
2.22%
24,287
|
$6,243,000 | 0.14% |
| ServiceNow Inc |
Opened
7,000
|
$5,506,000 | 0.13% |
| Synopsys, Inc. |
Opened
8,000
|
$4,760,000 | 0.11% |
| Broadcom Inc |
Opened
1,900
|
$3,050,000 | 0.07% |
| Lilly Eli Co |
33.56%
2,774
|
$2,519,000 | 0.06% |
| Ishr Core Sp |
5.41%
3,500
|
$1,922,000 | 0.04% |
| Amer Express Co |
No change
8,235
|
$1,891,000 | 0.04% |
| Vngd Muni |
No change
37,500
|
$1,885,000 | 0.04% |
| CVS Health Corp |
2.23%
29,846
|
$1,761,000 | 0.04% |
| Cadence Design |
Opened
5,400
|
$1,661,000 | 0.04% |
| Micron Technolo |
Opened
12,000
|
$1,578,000 | 0.04% |
| Hilton World |
16.98%
6,820
|
$1,295,000 | 0.03% |
| Carrier Global Corporation |
No change
19,965
|
$1,262,000 | 0.03% |
| American Water |
Opened
10,970
|
$1,233,000 | 0.03% |
| Sp Global Inc |
12.11%
3,055
|
$1,186,000 | 0.03% |
| Cigna Group/the |
37.13%
3,656
|
$1,052,000 | 0.02% |
| Johnson Ctrl In |
17.14%
17,765
|
$1,028,000 | 0.02% |
| Automatic Data |
18.26%
3,594
|
$754,000 | 0.02% |
| 3M Co. |
2.69%
7,232
|
$744,000 | 0.02% |
| Xylem Inc |
Opened
5,800
|
$684,000 | 0.02% |
| Stryker Corp. |
No change
2,000
|
$680,000 | 0.02% |
| Exxon Mobil Corp. |
No change
5,150
|
$591,000 | 0.01% |
| Coca-Cola Co |
No change
8,775
|
$560,000 | 0.01% |
| Netflix Inc. |
No change
792
|
$541,000 | 0.01% |
| Invesco Qqq |
No change
1,125
|
$539,000 | 0.01% |
| Ishr Core Sp Mc |
No change
9,050
|
$527,000 | 0.01% |
| Ishr Core Sp Sc |
No change
4,602
|
$486,000 | 0.01% |
| On Holding AG |
21.05%
11,842
|
$459,000 | 0.01% |
| Quanta Services, Inc. |
Opened
2,000
|
$442,000 | 0.01% |
| Prologis Inc |
Opened
4,500
|
$439,000 | 0.01% |
| Jpmorgan Chase |
13.20%
2,187
|
$435,000 | 0.01% |
| Vanguard Rs 200 |
No change
5,200
|
$424,000 | 0.01% |
| Kadant, Inc. |
Opened
1,600
|
$409,000 | 0.01% |
| Clean Harbors, Inc. |
Opened
190,000
|
$374,000 | 0.01% |
| Tesla Inc |
18.77%
1,831
|
$361,000 | 0.01% |
| Owens Corning |
Opened
2,300
|
$347,000 | 0.01% |
| Oracle Corp. |
No change
2,400
|
$336,000 | 0.01% |
| Jacobs Solutions Inc |
Opened
2,750
|
$334,000 | 0.01% |
| First Solar Inc |
Opened
1,700
|
$333,000 | 0.01% |
| Tetra Tech, Inc. |
Opened
185,000
|
$329,000 | 0.01% |
| Enphase Energy Inc |
Opened
3,100
|
$269,000 | 0.01% |
| Abbott Labs |
No change
2,500
|
$260,000 | 0.01% |
| Advanced Draina |
Opened
180,000
|
$251,000 | 0.01% |
| Fluence Energy |
Opened
1,550,000
|
$233,000 | 0.01% |
| Cisco Sys Inc |
No change
4,614
|
$218,000 | 0.01% |
| Abbvie Inc |
Closed
1,200
|
$218,000 | |
| Caterpillar Inc. |
No change
630
|
$206,000 | 0.00% |
| Nextracker Inc |
Opened
500,000
|
$204,000 | 0.00% |
| Intel Corp. |
Closed
4,559
|
$201,000 | |
| Lexicon Pharma |
Closed
50,000
|
$119,000 | |
| No transactions found | |||
| Showing first 500 out of 96 holdings | |||
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