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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 | |
|---|---|---|---|---|---|---|
251
Gates Industrial Corporation Ltd.
GTES
$7.24B
| $23.9M | 0.03% |
1,724,108
-127,395
| -7% | -$1.7M |
|
252
Voya Financial
VOYA
$9.2B
| $23.9M | 0.03% |
334,181
+76,530
| +30% | +$5.36M |
|
253
Wyndham Hotels & Resorts
WH
$5.58B
| $23.8M | 0.03% |
351,488
-23,792
| -6% | -$1.75M |
|
254
Dolby
DLB
$5.71B
| $23.6M | 0.03% |
276,446
+68,825
| +33% | +$5.55M |
|
255
Automatic Data Processing
ADP
$109B
| $23.1M | 0.03% |
103,923
-25,648
| -20% | -$5.79M |
|
256
Graphic Packaging
GPK
$3.51B
| $23.1M | 0.03% |
905,559
+112,946
| +14% | +$2.66M |
|
257
Trane Technologies
TT
$105B
| $23.1M | 0.03% |
125,466
+47,658
| +61% | +$8.65M |
|
258
Lamb Weston
LW
$7.16B
| $23M | 0.03% |
219,878
+219,667
| +104,108% | +$21.7M |
|
259
Liberty Energy
LBRT
$3.27B
| $22.9M | 0.03% |
1,786,492
-149,172
| -8% | -$2.21M |
|
260
Littelfuse
LFUS
$11.7B
| $22.9M | 0.03% |
85,244
-6,345
| -7% | -$1.63M |
|
261
KT
KT
$8.83B
| $22.8M | 0.03% |
2,012,128
+10,400
| +0.5% | +$133K |
|
262
Chipotle Mexican Grill
CMG
$42.7B
| $22.8M | 0.03% |
666,900
-14,600
| -2% | -$459K |
|
263
Philip Morris
PM
$293B
| $22.7M | 0.03% |
233,666
+91,938
| +65% | +$9.16M |
|
264
ServiceNow
NOW
$121B
| $22.7M | 0.03% |
244,060
+64,690
| +36% | +$5.63M |
|
265
Silicon Motion
SIMO
$9.07B
| $22.6M | 0.03% |
345,257
+12,319
| +4% | +$809K |
|
266
United Parcel Service
UPS
$87.7B
| $22.6M | 0.03% |
116,438
-1,185
| -1% | -$217K |
|
267
Alexandria Real Estate Equities
ARE
$8.34B
| $22.4M | 0.03% |
178,538
+305
| +0.2% | +$44.8K |
|
268
Warner Music
WMG
$13.8B
| $22.3M | 0.03% |
668,522
+25,536
| +4% | +$860K |
|
269
Graco
GGG
$13.5B
| $22.1M | 0.03% |
302,841
+126,989
| +72% | +$8.82M |
|
270
Nutrien
NTR
$32B
| $22.1M | 0.03% |
299,183
-134,057
| -31% | -$10.3M |
|
271
Fidelity National Information Services
FIS
$22.1B
| $22.1M | 0.03% |
405,943
-5,809
| -1% | -$378K |
|
|
MXF
272
Mexico Fund
MXF
$315M
| $22M | 0.03% |
1,294,655
-80,748
| -6% | -$1.33M |
|
273
BlackRock Resources & Commodities Strategy Trust
BCX
$917M
| $22M | 0.03% |
2,307,404
-4,596
| -0.2% | -$45.7K |
|
274
Toronto Dominion Bank
TD
$200B
| $21.9M | 0.03% |
366,239
-7,607
| -2% | -$492K |
|
275
Altria Group
MO
$113B
| $21.9M | 0.03% |
490,238
-52,053
| -10% | -$2.39M |
|
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.