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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
+11.1%
1 Year Est. Return
+22.47%
3 Year Est. Return
+62.53%
5 Year Est. Return
+77.87%
10 Year Est. Return
+302.07%
AUM
$79B
AUM Growth
+$5.52B
(+7.5%)
Cap. Flow
-$7.01B
Cap. Flow
% of AUM
-8.87%
Top 10 Holdings %
Top 10 Hldgs %
24.46%
Holding
2,559
New
284
Increased
737
Reduced
832
Closed
260
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chubb
CB
|
+$555M |
| 2 |
American Electric Power
AEP
|
+$272M |
| 3 |
Ulta Beauty
ULTA
|
+$161M |
| 4 |
CVS Health
CVS
|
+$160M |
| 5 |
McDonald's
MCD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$388M |
| 2 |
Aon
AON
|
+$211M |
| 3 |
Johnson & Johnson
JNJ
|
+$209M |
| 4 |
Norfolk Southern
NSC
|
+$162M |
| 5 |
Envista
NVST
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.99% |
| 2 | Financials | 14.12% |
| 3 | Healthcare | 13.38% |
| 4 | Industrials | 11.48% |
| 5 | Consumer Discretionary | 9.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Agilent Technologies
A
$39.9B
| $31.8M | 0.04% |
229,015
-88,066
| -28% | -$10.5M |
|
227
Charter Communications
CHTR
$18.3B
| $31.4M | 0.04% |
80,880
-71,295
| -47% | -$29.1M |
|
228
Dolby
DLB
$5.75B
| $30.8M | 0.04% |
357,916
+72,118
| +25% | +$6.08M |
|
229
Yum China
YUMC
$16.3B
| $30.7M | 0.04% |
722,437
-239,732
| -25% | -$11.2M |
|
230
Globe Life
GL
$14.3B
| $30.3M | 0.04% |
248,995
+62,647
| +34% | +$7.36M |
|
231
Ciena
CIEN
$57.9B
| $30.3M | 0.04% |
672,635
+38,628
| +6% | +$1.7M |
|
232
Lennar Class A
LEN
$21.2B
| $29.9M | 0.04% |
207,470
+35,177
| +20% | +$4.24M |
|
233
Xcel Energy
XEL
$48.2B
| $29.1M | 0.04% |
470,324
+12,597
| +3% | +$756K |
|
234
iShares MSCI ACWI ex US ETF
ACWX
$11.8B
| $29M | 0.04% |
568,376
+291,714
| +105% | +$14M |
|
235
Simon Property Group
SPG
$72.9B
| $28.8M | 0.04% |
201,878
+11,931
| +6% | +$1.44M |
|
236
3M
MMM
$93.9B
| $28.6M | 0.04% |
312,898
+19,377
| +7% | +$1.55M |
|
|
NEE.PRR
237
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
| $28.4M | 0.04% |
745,726
| – | – |
|
238
Li Auto
LI
$13.3B
| $28.1M | 0.04% |
751,068
+84,713
| +13% | +$3.06M |
|
239
Itaú Unibanco
ITUB
$90.5B
| $27.6M | 0.03% |
4,495,818
-117,189
| -3% | -$621K |
|
240
AT&T
T
$158B
| $27.3M | 0.03% |
1,629,147
-25,181
| -2% | -$398K |
|
241
Kroger
KR
$34.7B
| $26.9M | 0.03% |
588,664
-1,583
| -0.3% | -$70.3K |
|
242
Nucor
NUE
$62.6B
| $26.6M | 0.03% |
153,034
+11,745
| +8% | +$1.86M |
|
243
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
| – | – |
0
| – | – |
|
244
iShares Core US Aggregate Bond ETF
AGG
$138B
| – | – |
0
| – | – |
|
245
iShares MSCI ACWI ETF
ACWI
$33.4B
| $26.4M | 0.03% |
259,636
+173,325
| +201% | +$16.6M |
|
|
HIMX
246
Himax Technologies
HIMX
$2.33B
| $26.4M | 0.03% |
4,348,084
-52,030
| -1% | -$300K |
|
247
Gildan
GIL
$10.8B
| $26.1M | 0.03% |
+789,161
| New | +$25.6M |
|
248
ZTO Express
ZTO
$18B
| $26M | 0.03% |
1,221,087
-280,564
| -19% | -$6.37M |
|
249
Baidu
BIDU
$37.7B
| $25.9M | 0.03% |
217,464
-17,858
| -8% | -$2.06M |
|
|
JOF
250
Japan Smaller Capitalization Fund
JOF
$339M
| $25.6M | 0.03% |
3,377,135
-313,682
| -8% | -$2.24M |
|
Similar funds
QCM
Lazard Asset Management's Q4 2023 Portfolio in Review
As of Q4 2023, Lazard Asset Management held 2,559 positions worth $79B, up 7.5% from $73.5B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $7.01B in Q4 2023, closing 260 positions and reducing 832 holdings. Its most notable exit was VMware, Inc, an estimated $34.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Lazard Asset Management opened a new position in Dentsply Sirona worth $141M.
- Lazard Asset Management's largest Q4 2023 buy was Dentsply Sirona: 3,954,444 shares worth $141M.
- Lazard Asset Management added most to Chubb in Q4 2023, an estimated $555M increase.
- Lazard Asset Management's biggest Q4 2023 reduction was Meta Platforms (Facebook), cutting an estimated $388M.
- Lazard Asset Management fully exited VMware, Inc in Q4 2023, selling an estimated $34.5M.
- Lazard Asset Management's ten largest holdings make up 24% of its $79B portfolio in Q4 2023.
- Lazard Asset Management opened 284 new positions and closed 260 in Q4 2023.
- Lazard Asset Management's portfolio value rose 7.5% quarter-over-quarter to $79B.
Based on Lazard Asset Management's 13F filing for Q4 2023, filed 14 Feb 2024.