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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 | |
|---|---|---|---|---|---|---|
251
Medpace
MEDP
$16.4B
| $25.4M | 0.03% |
82,956
+665
| +0.8% | +$180K |
|
|
CMA
252
DELISTED
Comerica
CMA
| $24.9M | 0.03% |
447,003
-96,104
| -18% | -$4.35M |
|
253
Cemex
CX
$16.7B
| $24.8M | 0.03% |
3,205,066
+87,773
| +3% | +$596K |
|
254
GE Aerospace
GE
$396B
| $24.5M | 0.03% |
240,962
+18,841
| +8% | +$1.75M |
|
255
Hanover Insurance
THG
$7.98B
| $24.5M | 0.03% |
202,033
+103,420
| +105% | +$12.3M |
|
256
Freeport-McMoran
FCX
$99.8B
| $24.5M | 0.03% |
575,019
-20,021
| -3% | -$739K |
|
257
Sempra
SRE
$55.3B
| $24.4M | 0.03% |
326,321
+80,745
| +33% | +$5.78M |
|
|
MXF
258
Mexico Fund
MXF
$314M
| $24.4M | 0.03% |
1,277,791
-6,806
| -0.5% | -$114K |
|
259
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| – | – |
0
| – | – |
|
260
Dr. Reddy's Laboratories
RDY
$10.1B
| $24.1M | 0.03% |
1,735,415
+204,985
| +13% | +$2.74M |
|
261
O'Reilly Automotive
ORLY
$76.3B
| $23.9M | 0.03% |
377,715
-645,270
| -63% | -$40.8M |
|
262
AstraZeneca
AZN
$250B
| $23.8M | 0.03% |
177,058
+35,278
| +25% | +$4.59M |
|
263
D.R. Horton
DHI
$42.4B
| $23.8M | 0.03% |
156,784
+2,979
| +2% | +$367K |
|
264
TE Connectivity
TEL
$63.2B
| $23.5M | 0.03% |
167,543
+2,960
| +2% | +$381K |
|
265
Johnson Controls International
JCI
$93.1B
| $23.3M | 0.03% |
404,478
+7,075
| +2% | +$371K |
|
266
State Street
STT
$51.4B
| $23.3M | 0.03% |
300,680
+110,799
| +58% | +$7.72M |
|
267
Lam Research
LRCX
$385B
| $22.9M | 0.03% |
291,980
-41,590
| -12% | -$2.83M |
|
268
Mine Safety
MSA
$7.44B
| $22.4M | 0.03% |
132,601
-6,986
| -5% | -$1.14M |
|
269
Toronto Dominion Bank
TD
$200B
| $22.4M | 0.03% |
346,230
-21,916
| -6% | -$1.31M |
|
270
Graco
GGG
$13.4B
| $22.4M | 0.03% |
257,780
-361,749
| -58% | -$28.4M |
|
271
Grupo Cibest SA
CIB
$21.4B
| $22.3M | 0.03% |
724,262
+25,809
| +4% | +$701K |
|
272
Altria Group
MO
$114B
| $22.1M | 0.03% |
548,482
-15,423
| -3% | -$638K |
|
273
Warner Music
WMG
$13.6B
| $22.1M | 0.03% |
617,708
-9,824
| -2% | -$324K |
|
|
TDF
274
Templeton Dragon Fund
TDF
$274M
| $21.9M | 0.03% |
2,682,929
-1,478,842
| -36% | -$12.3M |
|
275
Cintas
CTAS
$80.6B
| $21.8M | 0.03% |
144,776
+7,176
| +5% | +$962K |
|
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.