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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
+11.1%
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
$79B
AUM Growth
+$5.52B
(+7.5%)
Cap. Flow
-$7.01B
Cap. Flow
% of AUM
-8.87%
Top 10 Holdings %
Top 10 Hldgs %
24.46%
Holding
2,559
New
284
Increased
737
Reduced
832
Closed
260
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chubb
CB
|
+$555M |
| 2 |
American Electric Power
AEP
|
+$272M |
| 3 |
Ulta Beauty
ULTA
|
+$161M |
| 4 |
CVS Health
CVS
|
+$160M |
| 5 |
McDonald's
MCD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$388M |
| 2 |
Aon
AON
|
+$211M |
| 3 |
Johnson & Johnson
JNJ
|
+$209M |
| 4 |
Norfolk Southern
NSC
|
+$162M |
| 5 |
Envista
NVST
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.99% |
| 2 | Financials | 14.12% |
| 3 | Healthcare | 13.38% |
| 4 | Industrials | 11.48% |
| 5 | Consumer Discretionary | 9.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Ecolab
ECL
$80.3B
| $11.5M | 0.01% |
58,065
-80,573
| -58% | -$14.5M |
|
|
K
402
DELISTED
Kellanova
K
| $11.4M | 0.01% |
203,148
-19,907
| -9% | -$1.04M |
|
403
Phreesia
PHR
$710M
| $11.3M | 0.01% |
488,712
+64,665
| +15% | +$1.12M |
|
404
Wayfair
W
$14.7B
| $11.3M | 0.01% |
183,070
+182,495
| +31,738% | +$9.54M |
|
405
Iron Mountain
IRM
$37.8B
| $11.3M | 0.01% |
161,231
-45,725
| -22% | -$2.87M |
|
406
F5
FFIV
$23.4B
| $11.3M | 0.01% |
62,934
-9,230
| -13% | -$1.51M |
|
407
Gaming and Leisure Properties
GLPI
$12.7B
| $11.2M | 0.01% |
227,838
+7,815
| +4% | +$362K |
|
408
Franco-Nevada
FNV
$43.7B
| $11.2M | 0.01% |
101,337
-2,046
| -2% | -$249K |
|
409
Array Technologies
ARRY
$868M
| $11.2M | 0.01% |
667,475
-4,319
| -0.6% | -$74.5K |
|
410
Weyerhaeuser
WY
$18.6B
| $11.2M | 0.01% |
321,748
-8,399
| -3% | -$261K |
|
411
Walmart Inc
WMT
$894B
| $11.2M | 0.01% |
212,556
-7,524
| -3% | -$398K |
|
412
Bunge Global
BG
$20.5B
| $11.2M | 0.01% |
110,566
-22,296
| -17% | -$2.34M |
|
413
Qfin Holdings
QFIN
$1.6B
| $11M | 0.01% |
698,400
-10,395
| -1% | -$159K |
|
414
Reinsurance Group of America
RGA
$15.5B
| $11M | 0.01% |
68,231
-23,877
| -26% | -$3.72M |
|
415
iShares Core MSCI Emerging Markets ETF
IEMG
$156B
| $11M | 0.01% |
218,114
-8,119
| -4% | -$393K |
|
416
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
| – | – |
0
| – | – |
|
417
DaVita
DVA
$12B
| $10.9M | 0.01% |
103,864
-741,552
| -88% | -$68.5M |
|
418
Paychex
PAYX
$42.1B
| $10.8M | 0.01% |
90,654
-9,575
| -10% | -$1.13M |
|
|
CTRA
419
DELISTED
Coterra Energy
CTRA
| $10.7M | 0.01% |
419,763
+84,471
| +25% | +$2.26M |
|
420
NVR
NVR
$17B
| $10.7M | 0.01% |
1,522
-3,789
| -71% | -$23.4M |
|
421
RTX Corp
RTX
$300B
| $10.5M | 0.01% |
125,214
-16,729
| -12% | -$1.32M |
|
422
EOG Resources
EOG
$70.4B
| $10.5M | 0.01% |
86,961
+39,149
| +82% | +$4.87M |
|
423
NiSource
NI
$20.6B
| $10.4M | 0.01% |
391,468
+24,835
| +7% | +$638K |
|
|
DOO
424
Bombardier Recreational Products
DOO
$4.81B
| $10.4M | 0.01% |
144,780
-38,512
| -21% | -$2.69M |
|
425
BlackRock Science and Technology Term Trust
BSTZ
$2.06B
| $10.3M | 0.01% |
615,054
| – | – |
|
Similar funds
QCM
Lazard Asset Management's Q4 2023 Portfolio in Review
As of Q4 2023, Lazard Asset Management held 2,559 positions worth $79B, up 7.5% from $73.5B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $7.01B in Q4 2023, closing 260 positions and reducing 832 holdings. Its most notable exit was VMware, Inc, an estimated $34.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Lazard Asset Management opened a new position in Dentsply Sirona worth $141M.
- Lazard Asset Management's largest Q4 2023 buy was Dentsply Sirona: 3,954,444 shares worth $141M.
- Lazard Asset Management added most to Chubb in Q4 2023, an estimated $555M increase.
- Lazard Asset Management's biggest Q4 2023 reduction was Meta Platforms (Facebook), cutting an estimated $388M.
- Lazard Asset Management fully exited VMware, Inc in Q4 2023, selling an estimated $34.5M.
- Lazard Asset Management's ten largest holdings make up 24% of its $79B portfolio in Q4 2023.
- Lazard Asset Management opened 284 new positions and closed 260 in Q4 2023.
- Lazard Asset Management's portfolio value rose 7.5% quarter-over-quarter to $79B.
Based on Lazard Asset Management's 13F filing for Q4 2023, filed 14 Feb 2024.