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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
-3.24%
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
$73.5B
AUM Growth
-$7.73B
(-9.5%)
Cap. Flow
-$10.4B
Cap. Flow
% of AUM
-14.12%
Top 10 Holdings %
Top 10 Hldgs %
24.14%
Holding
2,549
New
227
Increased
861
Reduced
712
Closed
243
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPL
PPL Corp
PPL
|
+$301M |
| 2 |
Estee Lauder
EL
|
+$252M |
| 3 |
Boeing
BA
|
+$251M |
| 4 |
Kenvue
KVUE
|
+$174M |
| 5 |
Fidelity National Information Services
FIS
|
+$166M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$547M |
| 2 |
Union Pacific
UNP
|
+$459M |
| 3 |
Pinnacle West Capital
PNW
|
+$203M |
| 4 |
Wells Fargo
WFC
|
+$199M |
| 5 |
Bank of America
BAC
|
+$199M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.75% |
| 2 | Healthcare | 13.74% |
| 3 | Financials | 13.36% |
| 4 | Industrials | 11.58% |
| 5 | Consumer Discretionary | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Fortrea Holdings
FTRE
$1.71B
| $17.8M | 0.02% |
+624,178
| New | +$18.5M |
|
302
NextEra Energy
NEE
$176B
| $17.8M | 0.02% |
311,023
-16,649
| -5% | -$1.15M |
|
303
McKesson
MCK
$101B
| $17.6M | 0.02% |
40,491
+2,192
| +6% | +$924K |
|
304
Clearway Energy Class C
CWEN
$5.09B
| $17.6M | 0.02% |
831,684
-42,264
| -5% | -$1.07M |
|
305
Manhattan Associates
MANH
$11.1B
| $17.5M | 0.02% |
88,626
-1,096
| -1% | -$214K |
|
306
MSCI
MSCI
$41.1B
| $17.5M | 0.02% |
34,139
-46,107
| -57% | -$24.2M |
|
307
Alexandria Real Estate Equities
ARE
$8.58B
| $16.8M | 0.02% |
167,604
-27,805
| -14% | -$3.23M |
|
308
Sempra
SRE
$55.3B
| $16.7M | 0.02% |
245,576
-25,180
| -9% | -$1.82M |
|
309
BJs Wholesale Club
BJ
$12.3B
| $16.6M | 0.02% |
233,147
+180,397
| +342% | +$12.1M |
|
310
Edwards Lifesciences
EW
$51.2B
| $16.6M | 0.02% |
240,135
-232,177
| -49% | -$18.7M |
|
311
Cintas
CTAS
$80.5B
| $16.5M | 0.02% |
137,600
-5,448
| -4% | -$678K |
|
312
D.R. Horton
DHI
$40.8B
| $16.5M | 0.02% |
153,805
+60,483
| +65% | +$7.24M |
|
313
Steel Dynamics
STLD
$37.7B
| $16.3M | 0.02% |
152,191
-81,997
| -35% | -$8.54M |
|
|
PEO
314
Adams Natural Resources Fund
PEO
$725M
| $16.2M | 0.02% |
726,910
-2,033
| -0.3% | -$44K |
|
315
American Tower
AMT
$80.1B
| $16.1M | 0.02% |
98,176
+92,899
| +1,760% | +$17M |
|
316
Entergy
ETR
$49.4B
| $16M | 0.02% |
345,348
+335,326
| +3,346% | +$16.4M |
|
317
Gates Industrial Corporation Ltd.
GTES
$7.26B
| $16M | 0.02% |
1,375,291
-350,545
| -20% | -$4.36M |
|
|
IIF
318
Morgan Stanley India Investment Fund
IIF
$220M
| $15.9M | 0.02% |
712,844
-8,611
| -1% | -$192K |
|
319
SPDR Gold Trust
GLD
$138B
| $15.8M | 0.02% |
92,258
+54
| +0.1% | +$9.65K |
|
320
Unum
UNM
$14.3B
| $15.8M | 0.02% |
320,451
+77,352
| +32% | +$3.78M |
|
321
Vipshop
VIPS
$7.42B
| $15.7M | 0.02% |
983,235
-68,402
| -7% | -$1.11M |
|
322
Credicorp
BAP
$31.3B
| $15.6M | 0.02% |
122,102
-64,930
| -35% | -$9.43M |
|
323
ASML
ASML
$658B
| $15.6M | 0.02% |
26,470
+26,035
| +5,985% | +$17.3M |
|
|
LTHM
324
DELISTED
Livent Corporation
LTHM
| $15.6M | 0.02% |
845,084
+14,620
| +2% | +$335K |
|
325
Workiva
WK
$3.34B
| $15.5M | 0.02% |
+153,341
| New | +$15.9M |
|
Similar funds
QCM
Lazard Asset Management's Q3 2023 Portfolio in Review
As of Q3 2023, Lazard Asset Management held 2,549 positions worth $73.5B, down 9.5% from $81.2B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $10.4B in Q3 2023, closing 243 positions and reducing 712 holdings. Its most notable exit was Littelfuse, an estimated $24.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in ScottsMiracle-Gro worth $28.3M.
- Lazard Asset Management's largest Q3 2023 buy was ScottsMiracle-Gro: 548,310 shares worth $28.3M.
- Lazard Asset Management added most to PPL Corp in Q3 2023, an estimated $301M increase.
- Lazard Asset Management's biggest Q3 2023 reduction was Johnson & Johnson, cutting an estimated $547M.
- Lazard Asset Management fully exited Littelfuse in Q3 2023, selling an estimated $24.3M.
- Lazard Asset Management's ten largest holdings make up 24% of its $73.5B portfolio in Q3 2023.
- Lazard Asset Management opened 227 new positions and closed 243 in Q3 2023.
- Lazard Asset Management's portfolio value fell 9.5% quarter-over-quarter to $73.5B.
Based on Lazard Asset Management's 13F filing for Q3 2023, filed 14 Nov 2023.