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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
+6.46%
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
$81.2B
AUM Growth
+$4.94B
(+6.5%)
Cap. Flow
-$6.14B
Cap. Flow
% of AUM
-7.55%
Top 10 Holdings %
Top 10 Hldgs %
23.23%
Holding
2,627
New
307
Increased
786
Reduced
648
Closed
292
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Exelon
EXC
|
+$410M |
| 2 |
American Electric Power
AEP
|
+$309M |
| 3 |
UnitedHealth
UNH
|
+$239M |
| 4 |
Johnson & Johnson
JNJ
|
+$235M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$214M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dollar General
DG
|
+$330M |
| 2 |
Consolidated Edison
ED
|
+$330M |
| 3 |
PNC Financial Services
PNC
|
+$284M |
| 4 |
Salesforce
CRM
|
+$173M |
| 5 |
FISV
Fiserv Inc
FISV
|
+$173M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.56% |
| 2 | Healthcare | 13.87% |
| 3 | Financials | 13.3% |
| 4 | Industrials | 12.02% |
| 5 | Consumer Discretionary | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
KF
326
Korea Fund
KF
$236M
| $16.5M | 0.02% |
714,874
-9,522
| -1% | -$213K |
|
|
NBXG
327
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.19B
| $16.5M | 0.02% |
1,511,687
| – | – |
|
|
GTM
328
ZoomInfo Technologies
GTM
$1.05B
| $16.5M | 0.02% |
648,983
+553,287
| +578% | +$13.1M |
|
329
Darden Restaurants
DRI
$23.6B
| $16.4M | 0.02% |
98,401
+16,605
| +20% | +$2.61M |
|
330
SPDR Gold Trust
GLD
$131B
| $16.4M | 0.02% |
92,204
+841
| +0.9% | +$155K |
|
331
AGCO
AGCO
$7.28B
| $16.4M | 0.02% |
124,989
+1,797
| +1% | +$223K |
|
332
McKesson
MCK
$96.8B
| $16.4M | 0.02% |
38,299
+3,475
| +10% | +$1.34M |
|
333
Globe Life
GL
$14.3B
| $16M | 0.02% |
145,645
+15,788
| +12% | +$1.7M |
|
334
Dr. Reddy's Laboratories
RDY
$10.1B
| $15.9M | 0.02% |
1,259,880
+306,905
| +32% | +$3.58M |
|
335
ATI
ATI
$26.4B
| $15.9M | 0.02% |
359,008
-29,404
| -8% | -$1.12M |
|
336
State Street
STT
$50.5B
| $15.8M | 0.02% |
215,981
-145,608
| -40% | -$10.5M |
|
337
Hasbro
HAS
$12.9B
| $15.8M | 0.02% |
243,324
-21,328
| -8% | -$1.25M |
|
|
IIF
338
Morgan Stanley India Investment Fund
IIF
$219M
| $15.6M | 0.02% |
721,455
+108,465
| +18% | +$2.2M |
|
339
AutoZone
AZO
$48.8B
| $15.6M | 0.02% |
6,270
-12,780
| -67% | -$32.6M |
|
340
Hewlett Packard
HPE
$66.5B
| $15.6M | 0.02% |
929,323
-65,052
| -7% | -$995K |
|
341
Illinois Tool Works
ITW
$83B
| $15.4M | 0.02% |
61,519
+55,612
| +941% | +$13M |
|
|
K
342
DELISTED
Kellanova
K
| $15.3M | 0.02% |
241,991
-4,201
| -2% | -$268K |
|
343
Fomento Económico Mexicano
FMX
$42.8B
| $15.2M | 0.02% |
137,538
+20,200
| +17% | +$2.03M |
|
|
NSA
344
DELISTED
National Storage Affiliates Trust
NSA
| $15M | 0.02% |
429,948
-1,485
| -0.3% | -$56K |
|
345
Verizon
VZ
$198B
| $15M | 0.02% |
402,055
-373
| -0.1% | -$13.8K |
|
346
State Street SPDR S&P 500 ETF Trust
SPY
$806B
| $14.8M | 0.02% |
33,459
-327
| -1% | -$137K |
|
|
CHN
347
DELISTED
China Fund
CHN
| $14.8M | 0.02% |
1,339,473
-3,738
| -0.3% | -$43.5K |
|
348
Nice
NICE
$5.9B
| $14.7M | 0.02% |
+71,266
| New | +$14.7M |
|
|
PEO
349
Adams Natural Resources Fund
PEO
$739M
| $14.6M | 0.02% |
728,943
+136,008
| +23% | +$2.67M |
|
350
AerCap
AER
$24.2B
| $14.6M | 0.02% |
229,551
+196,318
| +591% | +$11.3M |
|
Similar funds
QCM
Lazard Asset Management's Q2 2023 Portfolio in Review
As of Q2 2023, Lazard Asset Management held 2,627 positions worth $81.2B, up 6.5% from $76.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Lazard Asset Management withdrew a net $6.14B in Q2 2023, closing 292 positions and reducing 648 holdings. Its most notable exit was ABB Ltd, an estimated $107M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Nice worth $14.7M.
- Lazard Asset Management's largest Q2 2023 buy was Nice: 71,266 shares worth $14.7M.
- Lazard Asset Management added most to Exelon in Q2 2023, an estimated $410M increase.
- Lazard Asset Management's biggest Q2 2023 reduction was Dollar General, cutting an estimated $330M.
- Lazard Asset Management fully exited ABB Ltd in Q2 2023, selling an estimated $107M.
- Lazard Asset Management's ten largest holdings make up 23% of its $81.2B portfolio in Q2 2023.
- Lazard Asset Management opened 307 new positions and closed 292 in Q2 2023.
- Lazard Asset Management's portfolio value rose 6.5% quarter-over-quarter to $81.2B.
Based on Lazard Asset Management's 13F filing for Q2 2023, filed 15 Aug 2023.