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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
+9.6%
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
$72.7B
AUM Growth
+$7.54B
(+12%)
Cap. Flow
-$3.34B
Cap. Flow
% of AUM
-4.6%
Top 10 Holdings %
Top 10 Hldgs %
23.55%
Holding
2,585
New
253
Increased
940
Reduced
728
Closed
298
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Crown Castle
CCI
|
+$536M |
| 2 |
Procter & Gamble
PG
|
+$358M |
| 3 |
CSX Corp
CSX
|
+$303M |
| 4 |
NVIDIA
NVDA
|
+$186M |
| 5 |
Eli Lilly
LLY
|
+$185M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NetEase
NTES
|
+$370M |
| 2 |
American Electric Power
AEP
|
+$338M |
| 3 |
Alibaba
BABA
|
+$322M |
| 4 |
Prologis
PLD
|
+$307M |
| 5 |
HEICO Corp
HEI
|
+$287M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.03% |
| 2 | Financials | 13.75% |
| 3 | Industrials | 12.1% |
| 4 | Healthcare | 10.45% |
| 5 | Consumer Discretionary | 7.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Illinois Tool Works
ITW
$84.5B
| $25.6M | 0.04% |
103,639
+96,120
| +1,278% | +$23.2M |
|
252
Commerce Bancshares
CBSH
$8.5B
| $25.5M | 0.04% |
431,513
+16,632
| +4% | +$976K |
|
|
NEE.PRR
253
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
| $25.5M | 0.04% |
641,900
-8,792
| -1% | -$352K |
|
254
iShares MSCI EAFE ETF
EFA
$80.2B
| $25.4M | 0.04% |
284,452
-192,664
| -40% | -$16.4M |
|
255
BJs Wholesale Club
BJ
$12.3B
| $25.4M | 0.04% |
235,720
-101,456
| -30% | -$11.6M |
|
256
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.3B
| – | – |
0
| – | – |
|
257
Equitable Holdings
EQH
$14.1B
| $24.9M | 0.03% |
444,635
+74,567
| +20% | +$3.84M |
|
258
Cardinal Health
CAH
$55.4B
| $24.9M | 0.03% |
148,375
+121,602
| +454% | +$18M |
|
259
Harmony Gold Mining
HMY
$12.3B
| $24.9M | 0.03% |
1,782,080
-330,082
| -16% | -$4.99M |
|
260
Uber
UBER
$153B
| $24.8M | 0.03% |
265,293
+108,162
| +69% | +$8.9M |
|
261
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| – | – |
0
| – | – |
|
262
MakeMyTrip
MMYT
$5.64B
| $24.6M | 0.03% |
250,674
-23,757
| -9% | -$2.4M |
|
263
General Dynamics
GD
$106B
| $24.4M | 0.03% |
83,747
+83,409
| +24,677% | +$23M |
|
264
Carnival Corporation Ltd
CCL
$39.7B
| $24.3M | 0.03% |
865,792
+697,208
| +414% | +$14.9M |
|
265
Walmart Inc
WMT
$890B
| $24.2M | 0.03% |
247,283
-469,589
| -66% | -$44.7M |
|
266
Western Union
WU
$2.21B
| $23.6M | 0.03% |
2,798,728
+1,800,319
| +180% | +$17.1M |
|
267
CVS Health
CVS
$122B
| $23.4M | 0.03% |
339,639
+22,639
| +7% | +$1.48M |
|
268
CME Group
CME
$94.8B
| $23.4M | 0.03% |
84,906
+33,910
| +66% | +$9.22M |
|
269
Altria Group
MO
$114B
| $23.4M | 0.03% |
399,051
-288,569
| -42% | -$16.9M |
|
270
Kroger
KR
$34.8B
| $23.1M | 0.03% |
321,959
+220,078
| +216% | +$15.2M |
|
271
Wells Fargo
WFC
$264B
| $23M | 0.03% |
287,107
-76,541
| -21% | -$5.52M |
|
272
Middleby
MIDD
$6.08B
| $22.7M | 0.03% |
157,421
+7,315
| +5% | +$1.03M |
|
273
EOG Resources
EOG
$70.7B
| $22.6M | 0.03% |
189,212
-53,411
| -22% | -$6.1M |
|
274
Dolby
DLB
$5.79B
| $22.5M | 0.03% |
303,199
-35,910
| -11% | -$2.69M |
|
|
JOF
275
Japan Smaller Capitalization Fund
JOF
$350M
| $22.4M | 0.03% |
2,320,298
+19,460
| +0.8% | +$175K |
|
Similar funds
QCM
Lazard Asset Management's Q2 2025 Portfolio in Review
As of Q2 2025, Lazard Asset Management held 2,585 positions worth $72.7B, up 12% from $65.1B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $3.34B in Q2 2025, closing 298 positions and reducing 728 holdings. Its most notable exit was Eastman Chemical, an estimated $13.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 24% a quarter earlier, followed by Financials and Industrials.
Against the trend, Lazard Asset Management opened a new position in Arcos Dorados Holdings worth $117M.
- Lazard Asset Management's largest Q2 2025 buy was Arcos Dorados Holdings: 14,873,278 shares worth $117M.
- Lazard Asset Management added most to Crown Castle in Q2 2025, an estimated $536M increase.
- Lazard Asset Management's biggest Q2 2025 reduction was NetEase, cutting an estimated $370M.
- Lazard Asset Management fully exited Eastman Chemical in Q2 2025, selling an estimated $13.1M.
- Lazard Asset Management's ten largest holdings make up 24% of its $72.7B portfolio in Q2 2025.
- Lazard Asset Management opened 253 new positions and closed 298 in Q2 2025.
- Lazard Asset Management's portfolio value rose 12% quarter-over-quarter to $72.7B.
Based on Lazard Asset Management's 13F filing for Q2 2025, filed 14 Aug 2025.