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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
-3.24%
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
$73.5B
AUM Growth
-$7.73B
(-9.5%)
Cap. Flow
-$10.4B
Cap. Flow
% of AUM
-14.12%
Top 10 Holdings %
Top 10 Hldgs %
24.14%
Holding
2,549
New
227
Increased
861
Reduced
712
Closed
243
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPL
PPL Corp
PPL
|
+$301M |
| 2 |
Estee Lauder
EL
|
+$252M |
| 3 |
Boeing
BA
|
+$251M |
| 4 |
Kenvue
KVUE
|
+$174M |
| 5 |
Fidelity National Information Services
FIS
|
+$166M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$547M |
| 2 |
Union Pacific
UNP
|
+$459M |
| 3 |
Pinnacle West Capital
PNW
|
+$203M |
| 4 |
Wells Fargo
WFC
|
+$199M |
| 5 |
Bank of America
BAC
|
+$199M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.75% |
| 2 | Healthcare | 13.74% |
| 3 | Financials | 13.36% |
| 4 | Industrials | 11.58% |
| 5 | Consumer Discretionary | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Expedia Group
EXPE
$38.4B
| $26.7M | 0.04% |
259,139
-16,774
| -6% | -$1.85M |
|
227
Equitable Holdings
EQH
$14B
| $26.7M | 0.04% |
940,392
+314,468
| +50% | +$8.88M |
|
228
Kroger
KR
$34.7B
| $26.4M | 0.04% |
590,247
-32,226
| -5% | -$1.52M |
|
229
Wyndham Hotels & Resorts
WH
$5.65B
| $26.3M | 0.04% |
378,575
-95,645
| -20% | -$7.09M |
|
|
JOF
230
Japan Smaller Capitalization Fund
JOF
$339M
| $26.2M | 0.04% |
3,690,817
-1,474
| -0% | -$10.8K |
|
231
Xcel Energy
XEL
$48.2B
| $26.2M | 0.04% |
457,727
-40,003
| -8% | -$2.4M |
|
|
HIMX
232
Himax Technologies
HIMX
$2.33B
| $25.7M | 0.04% |
4,400,114
-1,808,240
| -29% | -$11.6M |
|
233
Hartford Financial Services
HIG
$39.4B
| $25.5M | 0.03% |
359,945
-51,989
| -13% | -$3.77M |
|
234
Kraft Heinz
KHC
$30.5B
| $25.5M | 0.03% |
758,310
+708,092
| +1,410% | +$24.5M |
|
235
Chipotle Mexican Grill
CMG
$43.7B
| $25.3M | 0.03% |
689,300
-108,700
| -14% | -$4.24M |
|
236
AT&T
T
$158B
| $24.8M | 0.03% |
1,654,328
+78,632
| +5% | +$1.15M |
|
237
Fortinet
FTNT
$120B
| $24.5M | 0.03% |
417,949
-33,242
| -7% | -$2.2M |
|
238
Cactus
WHD
$5.28B
| $24.4M | 0.03% |
486,826
-126,935
| -21% | -$6.38M |
|
|
AY
239
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $24.2M | 0.03% |
+1,268,001
| New | +$28.7M |
|
240
Li Auto
LI
$13.3B
| $23.8M | 0.03% |
666,355
+23,141
| +4% | +$913K |
|
241
Altria Group
MO
$114B
| $23.7M | 0.03% |
563,905
+101,670
| +22% | +$4.49M |
|
242
Brookfield
BN
$109B
| $23.7M | 0.03% |
+1,135,298
| New | +$25.6M |
|
243
Copart
CPRT
$26.8B
| $23.5M | 0.03% |
545,052
-251,478
| -32% | -$11.2M |
|
244
Ecolab
ECL
$80.3B
| $23.5M | 0.03% |
138,638
+7,145
| +5% | +$1.3M |
|
245
Lantheus
LNTH
$6.61B
| $23.4M | 0.03% |
336,946
+126,947
| +60% | +$9.29M |
|
246
CubeSmart
CUBE
$9.5B
| $23M | 0.03% |
604,408
+602,394
| +29,910% | +$25.4M |
|
247
3M
MMM
$93.9B
| $23M | 0.03% |
293,521
+148,569
| +102% | +$12.8M |
|
248
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| – | – |
0
| – | – |
|
249
Lattice Semiconductor
LSCC
$18.2B
| $22.7M | 0.03% |
264,056
-44,660
| -14% | -$4.03M |
|
250
Dolby
DLB
$5.75B
| $22.7M | 0.03% |
285,798
-11,672
| -4% | -$979K |
|
Similar funds
QCM
Lazard Asset Management's Q3 2023 Portfolio in Review
As of Q3 2023, Lazard Asset Management held 2,549 positions worth $73.5B, down 9.5% from $81.2B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $10.4B in Q3 2023, closing 243 positions and reducing 712 holdings. Its most notable exit was Littelfuse, an estimated $24.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in ScottsMiracle-Gro worth $28.3M.
- Lazard Asset Management's largest Q3 2023 buy was ScottsMiracle-Gro: 548,310 shares worth $28.3M.
- Lazard Asset Management added most to PPL Corp in Q3 2023, an estimated $301M increase.
- Lazard Asset Management's biggest Q3 2023 reduction was Johnson & Johnson, cutting an estimated $547M.
- Lazard Asset Management fully exited Littelfuse in Q3 2023, selling an estimated $24.3M.
- Lazard Asset Management's ten largest holdings make up 24% of its $73.5B portfolio in Q3 2023.
- Lazard Asset Management opened 227 new positions and closed 243 in Q3 2023.
- Lazard Asset Management's portfolio value fell 9.5% quarter-over-quarter to $73.5B.
Based on Lazard Asset Management's 13F filing for Q3 2023, filed 14 Nov 2023.