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Lazard Asset Management Portfolio holdings
AUM
$60.8B
1-Year Est. Return
22.47%
This Fund
S&P 500
This Quarter
Est. Return
+6.48%
1 Year Est. Return
+22.47%
3 Year Est. Return
+62.53%
5 Year Est. Return
+77.87%
10 Year Est. Return
+305.76%
AUM
$76.3B
AUM Growth
+$3.71B
(+5.1%)
Cap. Flow
-$8.32B
Cap. Flow
% of AUM
-10.91%
Top 10 Holdings %
Top 10 Hldgs %
21.64%
Holding
2,644
New
223
Increased
746
Reduced
756
Closed
309
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$315M |
| 2 |
UnitedHealth
UNH
|
+$251M |
| 3 |
Union Pacific
UNP
|
+$248M |
| 4 |
Chevron
CVX
|
+$165M |
| 5 |
CYBR
CyberArk
CYBR
|
+$161M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Analog Devices
ADI
|
+$252M |
| 2 |
Aon
AON
|
+$184M |
| 3 |
Meta Platforms (Facebook)
META
|
+$160M |
| 4 |
PNC Financial Services
PNC
|
+$156M |
| 5 |
PayPal
PYPL
|
+$127M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.85% |
| 2 | Healthcare | 13.57% |
| 3 | Financials | 12.91% |
| 4 | Industrials | 11.58% |
| 5 | Consumer Discretionary | 8.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Cigna
CI
$72.7B
| $27.4M | 0.04% |
107,235
-74,525
| -41% | -$21.7M |
|
227
Fastenal
FAST
$58.3B
| $27.4M | 0.04% |
1,014,886
+104,636
| +11% | +$2.68M |
|
228
State Street
STT
$50.8B
| $27.4M | 0.04% |
361,589
+358,592
| +11,965% | +$30.2M |
|
229
Diageo
DEO
$51.6B
| $27.3M | 0.04% |
150,704
-944
| -0.6% | -$167K |
|
230
NVR
NVR
$16.9B
| $27.2M | 0.04% |
4,884
+1,253
| +35% | +$6.47M |
|
231
Expedia Group
EXPE
$36.8B
| $26.9M | 0.04% |
277,108
+127,692
| +85% | +$13.4M |
|
232
Halozyme
HALO
$10.2B
| $26.7M | 0.04% |
699,604
+254,063
| +57% | +$11.9M |
|
233
Curtiss-Wright
CW
$26.4B
| $25.9M | 0.03% |
146,838
-17,158
| -10% | -$2.91M |
|
234
NextEra Energy
NEE
$176B
| $25.6M | 0.03% |
332,269
+47,941
| +17% | +$3.69M |
|
235
Affiliated Managers Group
AMG
$9.83B
| $25.5M | 0.03% |
179,140
+13,785
| +8% | +$2.18M |
|
236
Atkore
ATKR
$3.16B
| $25.3M | 0.03% |
180,152
-79,956
| -31% | -$10.8M |
|
237
Steel Dynamics
STLD
$37.5B
| $25.1M | 0.03% |
222,252
-11,230
| -5% | -$1.31M |
|
238
Ecolab
ECL
$79.8B
| $25M | 0.03% |
150,835
-33,063
| -18% | -$5.15M |
|
239
Cactus
WHD
$5.5B
| $24.8M | 0.03% |
600,695
+144,308
| +32% | +$6.97M |
|
240
Simon Property Group
SPG
$71.9B
| $24.7M | 0.03% |
220,881
-909
| -0.4% | -$109K |
|
241
Columbus McKinnon
CMCO
$599M
| $24.7M | 0.03% |
663,755
-139,917
| -17% | -$5.07M |
|
242
US Foods
USFD
$23.6B
| $24.6M | 0.03% |
666,310
-47,852
| -7% | -$1.77M |
|
243
Freeport-McMoran
FCX
$95.5B
| $24.5M | 0.03% |
599,314
-41,913
| -7% | -$1.74M |
|
244
AbCellera Biologics
ABCL
$1.99B
| $24.5M | 0.03% |
3,243,199
+336,987
| +12% | +$3.06M |
|
245
Chubb
CB
$137B
| $24.4M | 0.03% |
125,424
-7,604
| -6% | -$1.6M |
|
246
Cadence Design Systems
CDNS
$93.2B
| $24.2M | 0.03% |
115,391
-333,390
| -74% | -$63.1M |
|
247
Ashland
ASH
$3.32B
| $24.2M | 0.03% |
235,457
-9,596
| -4% | -$996K |
|
|
JOF
248
Japan Smaller Capitalization Fund
JOF
$348M
| $24.2M | 0.03% |
3,497,095
-8,165
| -0.2% | -$55.4K |
|
|
IFN
249
Aberdeen India Fund
IFN
$502M
| $24.1M | 0.03% |
1,593,084
-465,870
| -23% | -$7.21M |
|
250
Kroger
KR
$35.1B
| $24M | 0.03% |
485,574
+119,794
| +33% | +$5.48M |
|
Similar funds
QCM
Lazard Asset Management's Q1 2023 Portfolio in Review
As of Q1 2023, Lazard Asset Management held 2,644 positions worth $76.3B, up 5.1% from $72.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Lazard Asset Management withdrew a net $8.32B in Q1 2023, closing 309 positions and reducing 756 holdings. Its most notable exit was Linde, an estimated $56.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Fomento Económico Mexicano worth $11.2M.
- Lazard Asset Management's largest Q1 2023 buy was Fomento Económico Mexicano: 117,338 shares worth $11.2M.
- Lazard Asset Management added most to Norfolk Southern in Q1 2023, an estimated $315M increase.
- Lazard Asset Management's biggest Q1 2023 reduction was Analog Devices, cutting an estimated $252M.
- Lazard Asset Management fully exited Linde in Q1 2023, selling an estimated $56.6M.
- Lazard Asset Management's ten largest holdings make up 22% of its $76.3B portfolio in Q1 2023.
- Lazard Asset Management opened 223 new positions and closed 309 in Q1 2023.
- Lazard Asset Management's portfolio value rose 5.1% quarter-over-quarter to $76.3B.
Based on Lazard Asset Management's 13F filing for Q1 2023, filed 15 May 2023.