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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
MO icon
251
Altria Group
MO
$113B
$24.7M 0.03%
566,676
+18,194
+3% +$754K
NU icon
252
Nu Holdings
NU
$68.2B
$24.6M 0.03%
2,065,108
+1,846,610
+845% +$18.9M
IGSB icon
253
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
– –
0
– –
HIMX
254
Himax Technologies
HIMX
$2.4B
$24.6M 0.03%
4,592,705
+244,621
+6% +$1.4M
CTAS icon
255
Cintas
CTAS
$80.9B
$24.5M 0.03%
142,436
-2,340
-2% -$360K
CBOE icon
256
Cboe Global Markets
CBOE
$30.1B
$24.4M 0.03%
132,621
+39,404
+42% +$7.27M
T icon
257
AT&T
T
$162B
$24.3M 0.03%
1,381,789
-247,358
-15% -$4.22M
JOF
258
Japan Smaller Capitalization Fund
JOF
$348M
$24.1M 0.03%
3,022,450
-354,685
-11% -$2.74M
ITUB icon
259
Itaú Unibanco
ITUB
$90B
$24M 0.03%
3,926,408
-569,410
-13% -$3.43M
AGG icon
260
iShares Core US Aggregate Bond ETF
AGG
$137B
– –
0
– –
AR icon
261
Antero Resources
AR
$10.7B
$23.4M 0.03%
807,151
-710,582
-47% -$17.2M
TEL icon
262
TE Connectivity
TEL
$62.3B
$23.4M 0.03%
161,161
-6,382
-4% -$894K
MXF
263
Mexico Fund
MXF
$314M
$23.4M 0.03%
1,215,071
-62,720
-5% -$1.16M
FCX icon
264
Freeport-McMoran
FCX
$95.4B
$23.3M 0.03%
495,894
-79,125
-14% -$3.19M
NBXG
265
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.18B
$23.2M 0.03%
1,970,374
– –
NEU icon
266
NewMarket
NEU
$8.2B
$23.1M 0.03%
36,368
+18,413
+103% +$11M
CUBE icon
267
CubeSmart
CUBE
$9.43B
$22.8M 0.03%
504,496
-235,389
-32% -$10.4M
YUMC icon
268
Yum China
YUMC
$16.5B
$22.7M 0.03%
571,000
-151,437
-21% -$5.98M
MSA icon
269
Mine Safety
MSA
$7.49B
$22.7M 0.03%
117,096
-15,505
-12% -$2.73M
BCX icon
270
BlackRock Resources & Commodities Strategy Trust
BCX
$916M
$22.6M 0.03%
2,490,913
+329,511
+15% +$2.85M
ALSN icon
271
Allison Transmission
ALSN
$9.65B
$22.1M 0.03%
272,792
-44,731
-14% -$3.02M
UNM icon
272
Unum
UNM
$14.2B
$22.1M 0.03%
411,467
+69,928
+20% +$3.41M
LI icon
273
Li Auto
LI
$12.5B
$21.9M 0.03%
724,839
-26,229
-3% -$868K
FTNT icon
274
Fortinet
FTNT
$117B
$21.8M 0.03%
318,578
-16,022
-5% -$1.07M
AIG icon
275
American International
AIG
$42.4B
$21.6M 0.03%
276,002
+105,218
+62% +$7.51M
9 10
11
12 13

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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.