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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 | |
|---|---|---|---|---|---|---|
251
Liberty Energy
LBRT
$3.17B
| $22.6M | 0.03% |
1,222,402
-615,973
| -34% | -$10.2M |
|
|
CMA
252
DELISTED
Comerica
CMA
| $22.6M | 0.03% |
543,107
-301,913
| -36% | -$14.3M |
|
253
lululemon athletica
LULU
$14B
| $22.6M | 0.03% |
58,499
-23,567
| -29% | -$9M |
|
254
Freeport-McMoran
FCX
$97.1B
| $22.2M | 0.03% |
595,040
-430,577
| -42% | -$17.3M |
|
255
Toronto Dominion Bank
TD
$200B
| $22.2M | 0.03% |
368,146
-254,594
| -41% | -$15.9M |
|
256
Nucor
NUE
$62.6B
| $22.1M | 0.03% |
141,289
-10,329
| -7% | -$1.71M |
|
257
Diageo
DEO
$49.2B
| $22M | 0.03% |
147,584
-104,097
| -41% | -$17.4M |
|
258
Mine Safety
MSA
$7.44B
| $22M | 0.03% |
139,587
+9,148
| +7% | +$1.57M |
|
259
Itaú Unibanco
ITUB
$90.5B
| $21.9M | 0.03% |
4,613,007
-2,968,491
| -39% | -$14.8M |
|
260
Palo Alto Networks
PANW
$296B
| $21.3M | 0.03% |
181,902
-110,192
| -38% | -$13M |
|
261
Verizon
VZ
$193B
| $21.3M | 0.03% |
656,290
+254,235
| +63% | +$8.59M |
|
262
Antero Resources
AR
$10.6B
| $21.2M | 0.03% |
837,093
+91,698
| +12% | +$2.37M |
|
263
Veeva Systems
VEEV
$34.7B
| $21.2M | 0.03% |
104,284
-14,887
| -12% | -$3M |
|
264
BlackRock Resources & Commodities Strategy Trust
BCX
$914M
| $21.2M | 0.03% |
2,301,351
-6,052
| -0.3% | -$56.7K |
|
|
MXF
265
Mexico Fund
MXF
$314M
| $21.2M | 0.03% |
1,284,597
-7,472
| -0.6% | -$129K |
|
266
Johnson Controls International
JCI
$93.1B
| $21.1M | 0.03% |
397,403
+13,537
| +4% | +$835K |
|
267
Hershey
HSY
$36.1B
| $20.9M | 0.03% |
104,637
-36,060
| -26% | -$8.07M |
|
268
Lam Research
LRCX
$385B
| $20.9M | 0.03% |
333,570
+319,680
| +2,302% | +$21M |
|
269
Fomento Económico Mexicano
FMX
$42.4B
| $20.5M | 0.03% |
188,147
+50,609
| +37% | +$5.62M |
|
|
NBXG
270
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.2B
| $20.5M | 0.03% |
1,970,374
+458,687
| +30% | +$4.93M |
|
271
Simon Property Group
SPG
$72.9B
| $20.5M | 0.03% |
189,947
-11,795
| -6% | -$1.38M |
|
272
Dr. Reddy's Laboratories
RDY
$10.1B
| $20.5M | 0.03% |
1,530,430
+270,550
| +21% | +$3.66M |
|
273
TE Connectivity
TEL
$63.1B
| $20.3M | 0.03% |
164,583
+5,398
| +3% | +$722K |
|
274
Cemex
CX
$16.7B
| $20.3M | 0.03% |
3,117,293
-615,036
| -16% | -$4.57M |
|
275
Globe Life
GL
$14.3B
| $20.3M | 0.03% |
186,348
+40,703
| +28% | +$4.55M |
|
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.