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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
TDF
276
Templeton Dragon Fund
TDF
$273M
$21M 0.03%
2,677,690
-5,239
-0.2% -$40.4K
BTX
277
BlackRock Technology and Private Equity Term Trust
BTX
$984M
$21M 0.03%
2,581,925
– –
TD icon
278
Toronto Dominion Bank
TD
$200B
$20.7M 0.03%
342,880
-3,350
-1% -$202K
BAP icon
279
Credicorp
BAP
$31.3B
$20.6M 0.03%
121,292
+17,103
+16% +$2.75M
DEO icon
280
Diageo
DEO
$51.7B
$20.4M 0.02%
137,292
+1,224
+0.9% +$179K
BIDU icon
281
Baidu
BIDU
$37B
$20.4M 0.02%
193,695
-23,769
-11% -$2.53M
IDXX icon
282
Idexx Laboratories
IDXX
$46.2B
$20.3M 0.02%
37,642
+30,804
+450% +$16.8M
GEHC icon
283
GE HealthCare
GEHC
$31.8B
$20.2M 0.02%
222,106
+58,679
+36% +$4.88M
NEE icon
284
NextEra Energy
NEE
$176B
$20.2M 0.02%
315,727
-1,798
-0.6% -$105K
ADP icon
285
Automatic Data Processing
ADP
$109B
$20.2M 0.02%
80,755
+9,653
+14% +$2.36M
SJM icon
286
J.M. Smucker
SJM
$12.6B
$20.2M 0.02%
160,224
-618,816
-79% -$78.3M
WTFC icon
287
Wintrust Financial
WTFC
$10.8B
$20M 0.02%
191,367
+71
+0% +$6.85K
ARE icon
288
Alexandria Real Estate Equities
ARE
$8.55B
$19.9M 0.02%
154,149
-8,628
-5% -$1.06M
WMG icon
289
Warner Music
WMG
$13.7B
$19.8M 0.02%
600,442
-17,266
-3% -$604K
AER icon
290
AerCap
AER
$24.3B
$19.5M 0.02%
224,145
-1,928
-0.9% -$151K
CX icon
291
Cemex
CX
$16.4B
$19.4M 0.02%
2,154,254
-1,050,812
-33% -$8.42M
THG icon
292
Hanover Insurance
THG
$8.02B
$19.4M 0.02%
142,447
-59,586
-29% -$7.73M
PFE icon
293
Pfizer
PFE
$148B
$19.3M 0.02%
694,904
-1,264,445
-65% -$35.1M
XOM icon
294
ExxonMobil
XOM
$638B
$19.2M 0.02%
164,969
-50,938
-24% -$5.33M
GLD icon
295
SPDR Gold Trust
GLD
$137B
$19.1M 0.02%
92,945
-197
-0.2% -$37.8K
ATI icon
296
ATI
ATI
$31B
$19.1M 0.02%
373,098
+20,612
+6% +$932K
KF
297
Korea Fund
KF
$242M
$19.1M 0.02%
749,807
– –
FTRE icon
298
Fortrea Holdings
FTRE
$1.7B
$18.4M 0.02%
457,583
-115,468
-20% -$4M
KVUE icon
299
Kenvue
KVUE
$36.6B
$17.8M 0.02%
828,778
+285,128
+52% +$5.79M
ALGN icon
300
Align Technology
ALGN
$12.3B
$17.7M 0.02%
54,126
+35,507
+191% +$10.4M
10 11
12
13 14

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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.