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Lazard Asset Management

Lazard Asset Management Portfolio holdings

AUM $60.8B
1-Year Est. Return 22.47%
This Fund
S&P 500
This Quarter Est. Return
+8.56%
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
$82.3B
AUM Growth
+$3.23B
Cap. Flow
-$7.73B
Cap. Flow %
-9.4%
Top 10 Hldgs %
24.03%
Holding
2,474
New
201
Increased
562
Reduced
953
Closed
424

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$983M
2
EXC icon
Exelon
EXC
+$595M
3
AVGO icon
Broadcom
AVGO
+$486M
4
CRH icon
CRH
CRH
+$387M
5
MRVL icon
Marvell Technology
MRVL
+$274M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$795M
2
NSC icon
Norfolk Southern
NSC
+$559M
3
PPL
PPL Corp
PPL
+$355M
4
UNP icon
Union Pacific
UNP
+$328M
5
CSCO icon
Cisco
CSCO
+$283M

Sector Composition

Rank Sector Weight
1 Technology 23.45%
2 Financials 14.25%
3 Healthcare 13.09%
4 Industrials 10.08%
5 Consumer Discretionary 9.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CAF
226
Morgan Stanley China A Share Fund
CAF
$324M
$29.8M 0.04%
2,477,458
-966,739
-28% -$12M
MIDD icon
227
Middleby
MIDD
$6.01B
$29.4M 0.04%
182,976
-90,693
-33% -$13.4M
DLB icon
228
Dolby
DLB
$5.73B
$29.3M 0.04%
349,373
-8,543
-2% -$706K
MEDP icon
229
Medpace
MEDP
$16.1B
$29.2M 0.04%
72,276
-10,680
-13% -$3.75M
SBUX icon
230
Starbucks
SBUX
$119B
$29.2M 0.04%
319,023
-117,046
-27% -$10.9M
NEE.PRR
231
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
$29.1M 0.04%
747,316
+1,590
+0.2% +$58.9K
DECK icon
232
Deckers Outdoor
DECK
$13.4B
$28.9M 0.04%
184,446
-4,542
-2% -$630K
FAST icon
233
Fastenal
FAST
$58B
$28.8M 0.03%
745,442
+158,292
+27% +$5.6M
EEM icon
234
iShares MSCI Emerging Markets ETF
EEM
$29.3B
$28.6M 0.03%
697,452
-1,206,429
-63% -$48M
LRCX icon
235
Lam Research
LRCX
$388B
$28.5M 0.03%
293,280
+1,300
+0.4% +$114K
EFA icon
236
iShares MSCI EAFE ETF
EFA
$79.4B
$28.3M 0.03%
354,742
-434,291
-55% -$33.2M
HIG icon
237
Hartford Financial Services
HIG
$39.5B
$28.2M 0.03%
273,721
-126,563
-32% -$11.6M
MMM icon
238
3M
MMM
$92.9B
$28.1M 0.03%
316,661
+3,763
+1% +$312K
XEL icon
239
Xcel Energy
XEL
$48B
$28M 0.03%
520,452
+50,128
+11% +$2.86M
CNC icon
240
Centene
CNC
$31.3B
$27.4M 0.03%
348,903
+99,557
+40% +$7.69M
EG icon
241
Everest Group
EG
$14.3B
$26.9M 0.03%
67,710
+22,662
+50% +$8.5M
UTHR icon
242
United Therapeutics
UTHR
$22.4B
$26.5M 0.03%
115,251
-81,822
-42% -$18.5M
WMT icon
243
Walmart Inc
WMT
$888B
$25.6M 0.03%
425,387
+212,831
+100% +$12.2M
VTEB icon
244
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
– –
0
– –
WTS icon
245
Watts Water Technologies
WTS
$12.7B
$25.5M 0.03%
119,777
-53,416
-31% -$10.8M
JCI icon
246
Johnson Controls International
JCI
$94B
$25.4M 0.03%
388,469
-16,009
-4% -$932K
DHI icon
247
D.R. Horton
DHI
$40.9B
$25.3M 0.03%
153,555
-3,229
-2% -$484K
TOL icon
248
Toll Brothers
TOL
$14.1B
$25.1M 0.03%
194,111
+54,196
+39% +$5.9M
NICE icon
249
Nice
NICE
$5.72B
$25M 0.03%
95,910
+22,118
+30% +$5.02M
SRE icon
250
Sempra
SRE
$55.3B
$24.9M 0.03%
346,807
+20,486
+6% +$1.47M
8 9
10
11 12

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Lazard Asset Management's Q1 2024 Portfolio in Review

As of Q1 2024, Lazard Asset Management held 2,474 positions worth $82.3B, up 4.1% from $79B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Lazard Asset Management withdrew a net $7.73B in Q1 2024, closing 424 positions and reducing 953 holdings. Its most notable exit was PPL Corp, an estimated $355M position sold in full.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 21% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Lazard Asset Management opened a new position in GMO US Quality ETF worth $10.8M.

  • Lazard Asset Management's largest Q1 2024 buy was GMO US Quality ETF: 362,290 shares worth $10.8M.
  • Lazard Asset Management added most to Apple in Q1 2024, an estimated $983M increase.
  • Lazard Asset Management's biggest Q1 2024 reduction was Alphabet (Google) Class A, cutting an estimated $795M.
  • Lazard Asset Management fully exited PPL Corp in Q1 2024, selling an estimated $355M.
  • Lazard Asset Management's ten largest holdings make up 24% of its $82.3B portfolio in Q1 2024.
  • Lazard Asset Management opened 201 new positions and closed 424 in Q1 2024.
  • Lazard Asset Management's portfolio value rose 4.1% quarter-over-quarter to $82.3B.

Based on Lazard Asset Management's 13F filing for Q1 2024, filed 14 May 2024.