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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
+4.33%
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
$59B
AUM Growth
-$15.3B
(-21%)
Cap. Flow
-$17.5B
Cap. Flow
% of AUM
-29.66%
Top 10 Holdings %
Top 10 Hldgs %
23.25%
Holding
2,070
New
257
Increased
660
Reduced
658
Closed
198
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Crown Castle
CCI
|
+$593M |
| 2 |
American Tower
AMT
|
+$295M |
| 3 |
KLA
KLAC
|
+$242M |
| 4 |
Ingersoll Rand
IR
|
+$149M |
| 5 |
TotalEnergies
TTE
|
+$129M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$1.34B |
| 2 |
Apple
AAPL
|
+$1.27B |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$1.04B |
| 4 |
Amazon
AMZN
|
+$999M |
| 5 |
Applied Materials
AMAT
|
+$612M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.74% |
| 2 | Financials | 12.95% |
| 3 | Industrials | 12.91% |
| 4 | Healthcare | 10.97% |
| 5 | Consumer Discretionary | 7.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Keurig Dr Pepper
KDP
$41.8B
| $17.9M | 0.03% |
639,250
+169,673
| +36% | +$4.66M |
|
327
Commerce Bancshares
CBSH
$8.58B
| $17.9M | 0.03% |
341,490
-231,050
| -40% | -$12.1M |
|
328
American International
AIG
$42.5B
| $17.9M | 0.03% |
208,865
+11,301
| +6% | +$904K |
|
329
Alarm.com
ALRM
$2.8B
| $17.7M | 0.03% |
347,611
+161,115
| +86% | +$8.21M |
|
330
Spotify
SPOT
$99.2B
| $17.7M | 0.03% |
30,494
+17,252
| +130% | +$10.8M |
|
331
Allison Transmission
ALSN
$9.8B
| $17.7M | 0.03% |
180,473
+95,240
| +112% | +$8.35M |
|
332
J.M. Smucker
SJM
$12.7B
| $17.6M | 0.03% |
180,260
+3,437
| +2% | +$355K |
|
333
Valmont Industries
VMI
$9.58B
| $17.4M | 0.03% |
43,333
+5,356
| +14% | +$2.18M |
|
334
Ferrari
RACE
$71.5B
| $17.4M | 0.03% |
46,557
+4,383
| +10% | +$1.75M |
|
335
iShares Core US Aggregate Bond ETF
AGG
$138B
| $17.4M | 0.03% |
174,060
-24,259
| -12% | -$2.43M |
|
336
Thor Industries
THO
$4.14B
| $17.4M | 0.03% |
169,203
-4,946
| -3% | -$514K |
|
337
Mueller Industries
MLI
$15.3B
| $17.3M | 0.03% |
302,008
+45,134
| +18% | +$2.43M |
|
338
BioMarin Pharmaceuticals
BMRN
$11.6B
| $17.1M | 0.03% |
287,713
+131,958
| +85% | +$7.18M |
|
339
AT&T
T
$158B
| $17.1M | 0.03% |
687,963
-29,450
| -4% | -$746K |
|
340
Vipshop
VIPS
$7.46B
| $17M | 0.03% |
961,901
+14,865
| +2% | +$286K |
|
341
TRI-Continental Corp
TY
$1.9B
| $16.9M | 0.03% |
517,626
| – | – |
|
342
CubeSmart
CUBE
$9.5B
| $16.9M | 0.03% |
468,465
-123,571
| -21% | -$4.7M |
|
343
Atmos Energy
ATO
$28.7B
| $16.9M | 0.03% |
100,740
-41,261
| -29% | -$7.13M |
|
344
Reddit
RDDT
$29.9B
| $16.8M | 0.03% |
72,868
+70,667
| +3,211% | +$14.9M |
|
345
Atour Lifestyle Holdings
ATAT
$4.74B
| $16.5M | 0.03% |
419,394
+212,879
| +103% | +$8.34M |
|
346
Dr. Reddy's Laboratories
RDY
$10.1B
| $16.4M | 0.03% |
1,168,562
+398,537
| +52% | +$5.59M |
|
|
GRMN
347
Garmin
GRMN
$58.3B
| $16.3M | 0.03% |
80,265
-271,425
| -77% | -$59M |
|
348
Pegasystems
PEGA
$5.23B
| $16.1M | 0.03% |
269,744
+2,109
| +0.8% | +$124K |
|
349
Omega Healthcare
OHI
$14.6B
| $16M | 0.03% |
360,485
+23,343
| +7% | +$1.01M |
|
350
Jackson Financial
JXN
$9.38B
| $15.9M | 0.03% |
149,443
+43,194
| +41% | +$4.3M |
|
Similar funds
QCM
Lazard Asset Management's Q4 2025 Portfolio in Review
As of Q4 2025, Lazard Asset Management held 2,070 positions worth $59B, down 21% from $74.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Lazard Asset Management withdrew a net $17.5B in Q4 2025, closing 198 positions and reducing 658 holdings. Its most notable exit was Henry Schein, an estimated $30.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 30% a quarter earlier, followed by Financials and Industrials.
Against the trend, Lazard Asset Management opened a new position in Ingersoll Rand worth $149M.
- Lazard Asset Management's largest Q4 2025 buy was Ingersoll Rand: 1,884,586 shares worth $149M.
- Lazard Asset Management added most to Crown Castle in Q4 2025, an estimated $593M increase.
- Lazard Asset Management's biggest Q4 2025 reduction was Microsoft, cutting an estimated $1.34B.
- Lazard Asset Management fully exited Henry Schein in Q4 2025, selling an estimated $30.7M.
- Lazard Asset Management's ten largest holdings make up 23% of its $59B portfolio in Q4 2025.
- Lazard Asset Management opened 257 new positions and closed 198 in Q4 2025.
- Lazard Asset Management's portfolio value fell 21% quarter-over-quarter to $59B.
Based on Lazard Asset Management's 13F filing for Q4 2025, filed 17 Feb 2026.