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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 | |
|---|---|---|---|---|---|---|
276
ExxonMobil
XOM
$628B
| $21.6M | 0.03% |
215,907
-13,639
| -6% | -$1.43M |
|
|
NBXG
277
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.2B
| $21.5M | 0.03% |
1,970,374
| – | – |
|
|
STER
278
DELISTED
Sterling Check Corp. Common Stock
STER
| $21.4M | 0.03% |
1,537,505
-16,136
| -1% | -$203K |
|
279
Carlisle Companies
CSL
$15.3B
| $21.3M | 0.03% |
68,036
-4,972
| -7% | -$1.37M |
|
|
LTHM
280
DELISTED
Livent Corporation
LTHM
| $21.1M | 0.03% |
1,174,902
+329,818
| +39% | +$5.14M |
|
281
Deckers Outdoor
DECK
$13.5B
| $21.1M | 0.03% |
188,988
-26,148
| -12% | -$2.66M |
|
282
Cactus
WHD
$5.28B
| $21M | 0.03% |
462,106
-24,720
| -5% | -$1.12M |
|
283
Alexandria Real Estate Equities
ARE
$8.73B
| $20.6M | 0.03% |
162,777
-4,827
| -3% | -$520K |
|
284
Qiagen
QGEN
$8.65B
| $20.4M | 0.03% |
444,068
+19,195
| +5% | +$816K |
|
285
Fortrea Holdings
FTRE
$1.81B
| $20M | 0.03% |
573,051
-51,127
| -8% | -$1.56M |
|
286
Diageo
DEO
$49.2B
| $19.8M | 0.03% |
136,068
-11,516
| -8% | -$1.7M |
|
287
Owens Corning
OC
$12.3B
| $19.6M | 0.02% |
132,277
+684
| +0.5% | +$90.6K |
|
288
Airbnb
ABNB
$90.5B
| $19.6M | 0.02% |
143,894
+9,758
| +7% | +$1.26M |
|
289
Fortinet
FTNT
$120B
| $19.6M | 0.02% |
334,600
-83,349
| -20% | -$4.61M |
|
290
AbCellera Biologics
ABCL
$1.81B
| $19.5M | 0.02% |
3,412,005
+265,172
| +8% | +$1.23M |
|
291
Steel Dynamics
STLD
$38.1B
| $19.4M | 0.02% |
164,423
+12,232
| +8% | +$1.36M |
|
292
NextEra Energy
NEE
$179B
| $19.3M | 0.02% |
317,525
+6,502
| +2% | +$371K |
|
293
BlackRock Resources & Commodities Strategy Trust
BCX
$914M
| $19.2M | 0.02% |
2,161,402
-139,949
| -6% | -$1.23M |
|
294
State Street SPDR S&P 500 ETF Trust
SPY
$819B
| $19.1M | 0.02% |
40,134
+5,683
| +16% | +$2.53M |
|
295
Vipshop
VIPS
$7.46B
| $19.1M | 0.02% |
1,074,076
+90,841
| +9% | +$1.42M |
|
296
Fastenal
FAST
$57.4B
| $19M | 0.02% |
587,150
+41,926
| +8% | +$1.26M |
|
297
Helen of Troy
HELE
$689M
| $19M | 0.02% |
157,083
-809
| -0.5% | -$87.2K |
|
|
BTX
298
BlackRock Technology and Private Equity Term Trust
BTX
$994M
| $18.9M | 0.02% |
2,581,925
| – | – |
|
299
Copart
CPRT
$26.8B
| $18.9M | 0.02% |
386,106
-158,946
| -29% | -$7.51M |
|
|
SF
300
Stifel
SF
$12.8B
| $18.7M | 0.02% |
404,714
+73,478
| +22% | +$3.02M |
|
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.