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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
+6.13%
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
$74.8B
AUM Growth
-$4.94B
Cap. Flow
-$13.1B
Cap. Flow %
-17.46%
Top 10 Hldgs %
25.98%
Holding
2,503
New
223
Increased
806
Reduced
858
Closed
183

Top Buys

Rank Stock Value
1
CBRE icon
CBRE Group
CBRE
+$247M
2
AMD icon
Advanced Micro Devices
AMD
+$236M
3
CX icon
Cemex
CX
+$212M
4
MDT icon
Medtronic
MDT
+$191M
5
MRVL icon
Marvell Technology
MRVL
+$177M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$540M
2
NVDA icon
NVIDIA
NVDA
+$460M
3
CB icon
Chubb
CB
+$448M
4
MSFT icon
Microsoft
MSFT
+$439M
5
AEP icon
American Electric Power
AEP
+$388M

Sector Composition

Rank Sector Weight
1 Technology 25.58%
2 Financials 14.16%
3 Healthcare 13.43%
4 Consumer Discretionary 9.58%
5 Industrials 9.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CAT icon
226
Caterpillar
CAT
$401B
$25.2M 0.03%
64,321
-967,173
-94% -$334M
AGG icon
227
iShares Core US Aggregate Bond ETF
AGG
$138B
– –
0
– –
WMT icon
228
Walmart Inc
WMT
$894B
$24.9M 0.03%
308,502
-85,738
-22% -$6.3M
TDF
229
Templeton Dragon Fund
TDF
$274M
$24.8M 0.03%
2,707,329
-48,975
-2% -$387K
EG icon
230
Everest Group
EG
$14.3B
$24.6M 0.03%
62,854
-10,062
-14% -$3.83M
MIDD icon
231
Middleby
MIDD
$6.12B
$24.5M 0.03%
176,448
-1,942
-1% -$261K
IGSB icon
232
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
– –
0
– –
ELV icon
233
Elevance Health
ELV
$84.8B
$24.4M 0.03%
46,959
-86,127
-65% -$46M
VTEB icon
234
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
– –
0
– –
WNS
235
DELISTED
WNS Holdings
WNS
$24.3M 0.03%
461,137
+206,807
+81% +$11.7M
TEL icon
236
TE Connectivity
TEL
$63.2B
$23.6M 0.03%
155,937
-9,390
-6% -$1.41M
XEL icon
237
Xcel Energy
XEL
$48.2B
$23.5M 0.03%
360,275
-244,872
-40% -$14.5M
CAH icon
238
Cardinal Health
CAH
$56B
$23.4M 0.03%
212,178
-305,149
-59% -$31.9M
HIMX
239
Himax Technologies
HIMX
$2.33B
$23.3M 0.03%
4,241,394
-342,698
-7% -$2.17M
BTX
240
BlackRock Technology and Private Equity Term Trust
BTX
$994M
$23.2M 0.03%
3,078,814
+496,889
+19% +$3.64M
BCX icon
241
BlackRock Resources & Commodities Strategy Trust
BCX
$914M
$23.1M 0.03%
2,402,145
-320,507
-12% -$2.95M
ADP icon
242
Automatic Data Processing
ADP
$107B
$22.7M 0.03%
81,864
-3,688
-4% -$964K
DLB icon
243
Dolby
DLB
$5.75B
$22.5M 0.03%
293,504
-48,969
-14% -$3.64M
GLD icon
244
SPDR Gold Trust
GLD
$138B
$22.3M 0.03%
91,661
-1,052
-1% -$241K
MCO icon
245
Moody's
MCO
$83.8B
$22.3M 0.03%
46,902
+38,623
+467% +$17.9M
MMYT icon
246
MakeMyTrip
MMYT
$5.76B
$22.2M 0.03%
238,759
+29,445
+14% +$2.78M
SBAC icon
247
SBA Communications
SBAC
$18.9B
$22.2M 0.03%
92,174
-192,765
-68% -$42.7M
D icon
248
Dominion Energy
D
$60B
$21.6M 0.03%
372,974
-239,821
-39% -$13.1M
VIPS icon
249
Vipshop
VIPS
$7.46B
$21.2M 0.03%
1,347,634
+90,423
+7% +$1.21M
RGA icon
250
Reinsurance Group of America
RGA
$15.5B
$21.1M 0.03%
96,806
-14,026
-13% -$2.98M
8 9
10
11 12

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Lazard Asset Management's Q3 2024 Portfolio in Review

As of Q3 2024, Lazard Asset Management held 2,503 positions worth $74.8B, down 6.2% from $79.7B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Lazard Asset Management withdrew a net $13.1B in Q3 2024, closing 183 positions and reducing 858 holdings. Its most notable exit was Brookfield, an estimated $37.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 26% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Lazard Asset Management opened a new position in Mizuho Financial worth $63.7M.

  • Lazard Asset Management's largest Q3 2024 buy was Mizuho Financial: 15,229,057 shares worth $63.7M.
  • Lazard Asset Management added most to CBRE Group in Q3 2024, an estimated $247M increase.
  • Lazard Asset Management's biggest Q3 2024 reduction was Alphabet (Google) Class A, cutting an estimated $540M.
  • Lazard Asset Management fully exited Brookfield in Q3 2024, selling an estimated $37.2M.
  • Lazard Asset Management's ten largest holdings make up 26% of its $74.8B portfolio in Q3 2024.
  • Lazard Asset Management opened 223 new positions and closed 183 in Q3 2024.
  • Lazard Asset Management's portfolio value fell 6.2% quarter-over-quarter to $74.8B.

Based on Lazard Asset Management's 13F filing for Q3 2024, filed 14 Nov 2024.