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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
+1.84%
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
$44.8B
AUM Growth
-$285M
(-0.63%)
Cap. Flow
-$1.54B
Cap. Flow
% of AUM
-3.43%
Top 10 Holdings %
Top 10 Hldgs %
17.23%
Holding
1,114
New
109
Increased
251
Reduced
359
Closed
112
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eli Lilly
LLY
|
+$342M |
| 2 |
CEMIG Preferred Shares
CIG
|
+$211M |
| 3 |
K
Kellanova
K
|
+$166M |
| 4 |
IQVIA
IQV
|
+$157M |
| 5 |
Sysco
SYY
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Televisa
TV
|
+$349M |
| 2 |
Walmart Inc
WMT
|
+$187M |
| 3 |
Citigroup
C
|
+$154M |
| 4 |
Chevron
CVX
|
+$153M |
| 5 |
AbbVie
ABBV
|
+$151M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.67% |
| 2 | Communication Services | 12.84% |
| 3 | Technology | 12.56% |
| 4 | Financials | 10.69% |
| 5 | Energy | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Honeywell
HON
$77.9B
| $402M | 0.9% |
4,825,501
-221,085
| -4% | -$18.3M |
|
|
27
Chevron
CVX
$378B
| $399M | 0.89% |
3,356,264
-1,316,390
| -28% | -$153M |
|
|
TYC
28
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $390M | 0.87% |
8,793,638
+2,229,377
| +34% | +$97.3M |
|
29
Baxter International
BAX
$12.1B
| $389M | 0.87% |
9,745,291
-231,589
| -2% | -$8.66M |
|
30
American Express
AXP
$226B
| $384M | 0.86% |
4,269,648
-583,615
| -12% | -$52.1M |
|
|
31
Eli Lilly
LLY
$1.07T
| $379M | 0.85% |
6,445,812
+6,135,971
| +1,980% | +$342M |
|
32
APA Corp
APA
$12.3B
| $379M | 0.85% |
4,573,360
+41,812
| +0.9% | +$3.43M |
|
|
33
Citigroup
C
$223B
| $373M | 0.83% |
7,841,167
-3,100,094
| -28% | -$154M |
|
|
34
Sysco
SYY
$40.2B
| $362M | 0.81% |
10,006,048
+4,342,281
| +77% | +$156M |
|
|
MON
35
DELISTED
Monsanto Co
MON
| $348M | 0.78% |
3,054,790
-231,766
| -7% | -$25.8M |
|
36
Oracle
ORCL
$345B
| $347M | 0.78% |
8,488,622
-717,316
| -8% | -$27.3M |
|
37
State Street SPDR S&P 500 ETF Trust
SPY
$781B
| $341M | 0.76% |
1,820,591
+764,892
| +72% | +$140M |
|
38
CNX Resources
CNX
$4.77B
| $340M | 0.76% |
10,208,222
-170,981
| -2% | -$5.51M |
|
39
Amgen
AMGN
$203B
| $328M | 0.73% |
2,658,423
-265,126
| -9% | -$32.2M |
|
40
ExxonMobil
XOM
$642B
| $305M | 0.68% |
3,122,156
-238,711
| -7% | -$22.8M |
|
|
CFN
41
DELISTED
CAREFUSION CORPORATION
CFN
| $293M | 0.66% |
7,290,188
-715,563
| -9% | -$28.9M |
|
42
Hartford Financial Services
HIG
$38.4B
| $291M | 0.65% |
8,245,267
+918,676
| +13% | +$32M |
|
43
Johnson & Johnson
JNJ
$641B
| $285M | 0.64% |
2,902,663
-621,838
| -18% | -$57.7M |
|
44
Bristol-Myers Squibb
BMY
$128B
| $279M | 0.62% |
5,372,906
-224,371
| -4% | -$11.9M |
|
45
Qualcomm
QCOM
$179B
| $277M | 0.62% |
3,514,735
-522,140
| -13% | -$39.3M |
|
46
Occidental Petroleum
OXY
$54.6B
| $274M | 0.61% |
3,000,916
-252,575
| -8% | -$22.6M |
|
47
Transocean
RIG
$5.84B
| $269M | 0.6% |
6,517,952
-2,102,393
| -24% | -$91.4M |
|
48
Intercontinental Exchange
ICE
$84.1B
| $268M | 0.6% |
6,763,045
+1,488,245
| +28% | +$62.8M |
|
49
PG&E
PCG
$38.8B
| $267M | 0.6% |
6,191,168
+2,629,284
| +74% | +$112M |
|
50
Teva Pharmaceuticals
TEVA
$36.2B
| $264M | 0.59% |
4,994,641
-369,884
| -7% | -$17.1M |
|
Similar funds
QCM
Lazard Asset Management's Q1 2014 Portfolio in Review
As of Q1 2014, Lazard Asset Management held 1,114 positions worth $44.8B, down 0.63% from $45.1B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Lazard Asset Management withdrew a net $1.54B in Q1 2014, closing 112 positions and reducing 359 holdings. Its most notable exit was American Eagle Outfitters, an estimated $140M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 15% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Lazard Asset Management opened a new position in CEMIG Preferred Shares worth $249M.
- Lazard Asset Management's largest Q1 2014 buy was CEMIG Preferred Shares: 71,812,047 shares worth $249M.
- Lazard Asset Management added most to Eli Lilly in Q1 2014, an estimated $342M increase.
- Lazard Asset Management's biggest Q1 2014 reduction was Televisa, cutting an estimated $349M.
- Lazard Asset Management fully exited American Eagle Outfitters in Q1 2014, selling an estimated $140M.
- Lazard Asset Management's ten largest holdings make up 17% of its $44.8B portfolio in Q1 2014.
- Lazard Asset Management opened 109 new positions and closed 112 in Q1 2014.
- Lazard Asset Management's portfolio value fell 0.63% quarter-over-quarter to $44.8B.
Based on Lazard Asset Management's 13F filing for Q1 2014, filed 12 May 2014.