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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
+305.76%
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 | |
|---|---|---|---|---|---|---|
351
AerCap
AER
$24.4B
| $15.5M | 0.03% |
107,866
+26,473
| +33% | +$3.51M |
|
352
BlackRock Science and Technology Term Trust
BSTZ
$2.03B
| $15.4M | 0.03% |
682,344
| – | – |
|
353
MSCI
MSCI
$41.2B
| $15.4M | 0.03% |
26,773
+3,175
| +13% | +$1.78M |
|
354
RingCentral
RNG
$5.18B
| $15.3M | 0.03% |
529,629
+88,697
| +20% | +$2.53M |
|
355
Fidelity National Information Services
FIS
$22.1B
| $15.3M | 0.03% |
229,975
-40,673
| -15% | -$2.68M |
|
356
Applovin
APP
$113B
| $15.3M | 0.03% |
22,674
-6,437
| -22% | -$4.06M |
|
357
Diageo
DEO
$51.6B
| $15.2M | 0.03% |
176,225
-34,920
| -17% | -$3.22M |
|
358
Royal Bank of Canada
RY
$294B
| $15.1M | 0.03% |
88,743
+3,648
| +4% | +$560K |
|
359
RH
RH
$3.56B
| $15M | 0.03% |
83,749
+51,326
| +158% | +$8.78M |
|
360
Royal Caribbean
RCL
$85.7B
| $15M | 0.03% |
53,733
+5,188
| +11% | +$1.47M |
|
361
Becton Dickinson
BDX
$48.8B
| $15M | 0.03% |
77,153
-241,085
| -76% | -$45.9M |
|
362
Targa Resources
TRGP
$57.6B
| $14.7M | 0.02% |
79,804
-50,714
| -39% | -$8.54M |
|
363
AXIS Capital
AXS
$7.62B
| $14.7M | 0.02% |
137,098
-81,815
| -37% | -$8.13M |
|
364
Victory Capital Holdings
VCTR
$6.68B
| $14.7M | 0.02% |
232,704
| – | – |
|
365
AbbVie
ABBV
$431B
| $14.7M | 0.02% |
64,152
+7,959
| +14% | +$1.81M |
|
|
ONC
366
BeOne Medicines Ltd
ONC
$36.7B
| $14.7M | 0.02% |
48,221
+6,841
| +17% | +$2.24M |
|
367
MasTec
MTZ
$20.8B
| $14.6M | 0.02% |
67,356
-92,594
| -58% | -$19.4M |
|
368
NETSCOUT
NTCT
$2.92B
| $14.6M | 0.02% |
538,257
+52,697
| +11% | +$1.42M |
|
369
Amgen
AMGN
$219B
| $14.4M | 0.02% |
44,003
+4,847
| +12% | +$1.54M |
|
370
Xcel Energy
XEL
$48.1B
| $14.3M | 0.02% |
193,369
-386,373
| -67% | -$30.5M |
|
371
Exelixis
EXEL
$13.1B
| $14.2M | 0.02% |
323,499
+26,064
| +9% | +$1.08M |
|
372
Vanguard FTSE Europe ETF
VGK
$31.1B
| $14.1M | 0.02% |
169,180
+2,499
| +1% | +$203K |
|
373
eBay
EBAY
$48.9B
| $14.1M | 0.02% |
162,248
+6,555
| +4% | +$567K |
|
374
Southern Copper
SCCO
$161B
| $14.1M | 0.02% |
100,167
+97,100
| +3,166% | +$12.9M |
|
375
iShares MSCI India ETF
INDA
$6.6B
| $14.1M | 0.02% |
260,654
| – | – |
|
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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.