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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
+6.48%
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
$76.3B
AUM Growth
+$3.71B
(+5.1%)
Cap. Flow
-$8.32B
Cap. Flow
% of AUM
-10.91%
Top 10 Holdings %
Top 10 Hldgs %
21.64%
Holding
2,644
New
223
Increased
746
Reduced
756
Closed
309
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$315M |
| 2 |
UnitedHealth
UNH
|
+$251M |
| 3 |
Union Pacific
UNP
|
+$248M |
| 4 |
Chevron
CVX
|
+$165M |
| 5 |
CYBR
CyberArk
CYBR
|
+$161M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Analog Devices
ADI
|
+$252M |
| 2 |
Aon
AON
|
+$184M |
| 3 |
Meta Platforms (Facebook)
META
|
+$160M |
| 4 |
PNC Financial Services
PNC
|
+$156M |
| 5 |
PayPal
PYPL
|
+$127M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.85% |
| 2 | Healthcare | 13.57% |
| 3 | Financials | 12.91% |
| 4 | Industrials | 11.58% |
| 5 | Consumer Discretionary | 8.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Carlisle Companies
CSL
$15.2B
| $21.9M | 0.03% |
96,709
-2,239
| -2% | -$544K |
|
277
Johnson Controls International
JCI
$93.6B
| $21.2M | 0.03% |
352,497
-1,416
| -0.4% | -$90.7K |
|
278
Align Technology
ALGN
$12.1B
| $21.1M | 0.03% |
63,196
+22,309
| +55% | +$6.58M |
|
|
TWNK
279
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $21.1M | 0.03% |
846,798
+263,184
| +45% | +$6.19M |
|
280
Deckers Outdoor
DECK
$13.3B
| $20.9M | 0.03% |
279,474
+279,096
| +73,835% | +$19.5M |
|
281
Qiagen
QGEN
$8.61B
| $20.8M | 0.03% |
427,793
+73,927
| +21% | +$3.76M |
|
282
Grupo Cibest SA
CIB
$21.4B
| $20.6M | 0.03% |
818,840
+164,296
| +25% | +$4.44M |
|
283
Sempra
SRE
$55.1B
| $20.6M | 0.03% |
272,224
-134,864
| -33% | -$10.3M |
|
284
Tenaris
TS
$27B
| $20.5M | 0.03% |
722,711
+212,962
| +42% | +$7.02M |
|
|
GF
285
New Germany Fund
GF
$188M
| $20.5M | 0.03% |
2,255,318
-2,983
| -0.1% | -$27.2K |
|
286
Canadian National Railway
CNI
$76.5B
| $20.4M | 0.03% |
173,163
-1,104
| -0.6% | -$130K |
|
|
VMW
287
DELISTED
VMware, Inc
VMW
| $20.1M | 0.03% |
161,226
-631
| -0.4% | -$75.8K |
|
288
Itaú Unibanco
ITUB
$90.2B
| $20M | 0.03% |
4,648,525
+3,142,867
| +209% | +$13.3M |
|
289
Fair Isaac
FICO
$22.3B
| $19.7M | 0.03% |
28,105
+5,575
| +25% | +$3.71M |
|
290
Corteva
CTVA
$51.3B
| $19.4M | 0.03% |
322,103
-183,258
| -36% | -$11.2M |
|
291
TE Connectivity
TEL
$62.3B
| $19.2M | 0.03% |
146,715
-771
| -0.5% | -$97.6K |
|
292
Clorox
CLX
$12.8B
| $19.1M | 0.03% |
120,543
+120,345
| +60,780% | +$18M |
|
293
iShares MBS ETF
MBB
$39B
| – | – |
0
| – | – |
|
294
Nordson
NDSN
$17.2B
| $18.7M | 0.02% |
84,243
-9,747
| -10% | -$2.23M |
|
295
Leidos
LDOS
$17B
| $18.7M | 0.02% |
203,277
-15,559
| -7% | -$1.51M |
|
296
Cemex
CX
$16.3B
| $18.6M | 0.02% |
3,364,818
+75,545
| +2% | +$384K |
|
297
Five Below
FIVE
$12.8B
| $18.4M | 0.02% |
89,548
-26,796
| -23% | -$5.28M |
|
298
Campbell Soup
CPB
$6.73B
| $18.4M | 0.02% |
334,428
-152,344
| -31% | -$8.08M |
|
299
Malibu Boats
MBUU
$562M
| $18.3M | 0.02% |
324,801
-31,920
| -9% | -$1.87M |
|
300
Eagle Materials
EXP
$6.48B
| $18.3M | 0.02% |
124,718
-44,936
| -26% | -$6.37M |
|
Similar funds
QCM
Lazard Asset Management's Q1 2023 Portfolio in Review
As of Q1 2023, Lazard Asset Management held 2,644 positions worth $76.3B, up 5.1% from $72.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Lazard Asset Management withdrew a net $8.32B in Q1 2023, closing 309 positions and reducing 756 holdings. Its most notable exit was Linde, an estimated $56.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Fomento Económico Mexicano worth $11.2M.
- Lazard Asset Management's largest Q1 2023 buy was Fomento Económico Mexicano: 117,338 shares worth $11.2M.
- Lazard Asset Management added most to Norfolk Southern in Q1 2023, an estimated $315M increase.
- Lazard Asset Management's biggest Q1 2023 reduction was Analog Devices, cutting an estimated $252M.
- Lazard Asset Management fully exited Linde in Q1 2023, selling an estimated $56.6M.
- Lazard Asset Management's ten largest holdings make up 22% of its $76.3B portfolio in Q1 2023.
- Lazard Asset Management opened 223 new positions and closed 309 in Q1 2023.
- Lazard Asset Management's portfolio value rose 5.1% quarter-over-quarter to $76.3B.
Based on Lazard Asset Management's 13F filing for Q1 2023, filed 15 May 2023.