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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
KVUE icon
251
Kenvue
KVUE
$37.8B
$20.6M 0.03%
891,904
-11,918
-1% -$247K
THG icon
252
Hanover Insurance
THG
$7.98B
$20.4M 0.03%
138,079
-16,284
-11% -$2.24M
CHTR icon
253
Charter Communications
CHTR
$18.3B
$20.2M 0.03%
62,430
+46,932
+303% +$15.8M
ZTO icon
254
ZTO Express
ZTO
$18B
$20.2M 0.03%
814,803
-116
-0% -$2.4K
NTAP icon
255
NetApp
NTAP
$36.6B
$19.9M 0.03%
161,438
-99,936
-38% -$12.5M
MSA icon
256
Mine Safety
MSA
$7.44B
$19.8M 0.03%
111,844
+33
+0% +$6K
CMI icon
257
Cummins
CMI
$89.7B
$19.6M 0.03%
60,612
-210,760
-78% -$62.4M
BEKE icon
258
KE Holdings
BEKE
$18.7B
$19.4M 0.03%
973,323
+62,588
+7% +$924K
SJM icon
259
J.M. Smucker
SJM
$12.7B
$19.4M 0.03%
160,011
-39,386
-20% -$4.64M
IIF
260
Morgan Stanley India Investment Fund
IIF
$220M
$19.3M 0.03%
642,430
-17,939
-3% -$496K
WTW icon
261
Willis Towers Watson
WTW
$31.4B
$18.8M 0.03%
63,754
+7,252
+13% +$2.03M
NICE icon
262
Nice
NICE
$5.82B
$18.7M 0.03%
107,522
-40,848
-28% -$7.01M
JOF
263
Japan Smaller Capitalization Fund
JOF
$339M
$18.6M 0.02%
2,247,924
-294,115
-12% -$2.3M
SHW icon
264
Sherwin-Williams
SHW
$89.7B
$18.4M 0.02%
48,259
-38,638
-44% -$13.5M
EMN icon
265
Eastman Chemical
EMN
$8.39B
$18.3M 0.02%
163,377
-55,210
-25% -$5.52M
EFA icon
266
iShares MSCI EAFE ETF
EFA
$79.4B
$18.1M 0.02%
216,796
-418,456
-66% -$33.7M
WH icon
267
Wyndham Hotels & Resorts
WH
$5.65B
$18.1M 0.02%
231,271
-48,931
-17% -$3.72M
WTFC icon
268
Wintrust Financial
WTFC
$10.9B
$17.9M 0.02%
164,878
-41,698
-20% -$4.35M
KLAC icon
269
KLA
KLAC
$252B
$17.9M 0.02%
230,690
-243,570
-51% -$19.1M
CRUS icon
270
Cirrus Logic
CRUS
$6.53B
$17.8M 0.02%
142,999
+36,943
+35% +$4.89M
WMG icon
271
Warner Music
WMG
$13.6B
$17.6M 0.02%
562,922
-36,067
-6% -$1.07M
ALSN icon
272
Allison Transmission
ALSN
$9.8B
$17.6M 0.02%
183,403
-224,159
-55% -$19.2M
LI icon
273
Li Auto
LI
$13.3B
$17.4M 0.02%
678,766
-136,735
-17% -$2.78M
MXF
274
Mexico Fund
MXF
$314M
$17.4M 0.02%
1,153,461
-37,571
-3% -$584K
REGN icon
275
Regeneron Pharmaceuticals
REGN
$79.1B
$17M 0.02%
16,216
-234
-1% -$260K
9 10
11
12 13

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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.