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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 | |
|---|---|---|---|---|---|---|
276
NetApp
NTAP
$37.2B
| $22.3M | 0.03% |
208,865
-7,303
| -3% | -$693K |
|
277
Portland General Electric
POR
$5.77B
| $22.2M | 0.03% |
545,767
+274,510
| +101% | +$11.5M |
|
278
Lam Research
LRCX
$390B
| $22.1M | 0.03% |
227,086
-140
| -0.1% | -$11.1K |
|
279
Workday
WDAY
$44.4B
| $21.9M | 0.03% |
91,287
+50,442
| +123% | +$12.3M |
|
280
Reinsurance Group of America
RGA
$16.1B
| $21.9M | 0.03% |
110,353
-26,804
| -20% | -$5.23M |
|
281
J.M. Smucker
SJM
$12.8B
| $21.8M | 0.03% |
222,024
+65,574
| +42% | +$7.21M |
|
282
Elevance Health
ELV
$85.5B
| $21.7M | 0.03% |
55,885
+2,983
| +6% | +$1.2M |
|
283
Diageo
DEO
$53.6B
| $21.7M | 0.03% |
214,896
+16,633
| +8% | +$1.8M |
|
284
Airbnb
ABNB
$107B
| $21.6M | 0.03% |
163,279
+34,482
| +27% | +$4.37M |
|
285
IBM
IBM
$224B
| $21.6M | 0.03% |
73,270
-17,185
| -19% | -$4.43M |
|
286
AXIS Capital
AXS
$7.55B
| $21.6M | 0.03% |
207,692
-37,390
| -15% | -$3.72M |
|
287
Fidelity National Information Services
FIS
$22.1B
| $21.4M | 0.03% |
263,469
-82,557
| -24% | -$6.42M |
|
288
Emcor
EME
$36B
| $21.3M | 0.03% |
39,910
+18,605
| +87% | +$8.21M |
|
289
Watts Water Technologies
WTS
$13.1B
| $21.2M | 0.03% |
86,250
+2,030
| +2% | +$457K |
|
290
Spotify
SPOT
$100B
| $21.2M | 0.03% |
27,613
-10,665
| -28% | -$6.85M |
|
|
BTX
291
BlackRock Technology and Private Equity Term Trust
BTX
$1B
| $21.1M | 0.03% |
2,871,719
+406,287
| +16% | +$2.69M |
|
292
Charter Communications
CHTR
$18.2B
| $21M | 0.03% |
51,453
+10,649
| +26% | +$4.08M |
|
293
Stryker
SYK
$130B
| $20.9M | 0.03% |
52,918
-42,062
| -44% | -$15.7M |
|
294
iShares MSCI Emerging Markets ETF
EEM
$29.5B
| $20.2M | 0.03% |
419,662
-74,615
| -15% | -$3.36M |
|
295
Western Digital
WDC
$150B
| $20.2M | 0.03% |
+316,275
| New | +$15.1M |
|
296
iShares Core MSCI EAFE ETF
IEFA
$196B
| $20.2M | 0.03% |
242,287
-843
| -0.3% | -$66.9K |
|
297
Morgan Stanley
MS
$340B
| $20.2M | 0.03% |
143,577
-189,403
| -57% | -$23.3M |
|
298
Encompass Health
EHC
$12.4B
| $20.2M | 0.03% |
164,725
+5,842
| +4% | +$667K |
|
299
KLA
KLAC
$259B
| $20.2M | 0.03% |
225,510
+44,280
| +24% | +$3.33M |
|
300
McKesson
MCK
$101B
| $19.9M | 0.03% |
27,194
+17,711
| +187% | +$12.5M |
|
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.