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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
-9.03%
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
$41.8B
AUM Growth
-$5.88B
(-12%)
Cap. Flow
-$1.39B
Cap. Flow
% of AUM
-3.33%
Top 10 Holdings %
Top 10 Hldgs %
20.95%
Holding
1,239
New
122
Increased
360
Reduced
365
Closed
160
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$331M |
| 2 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$315M |
| 3 |
MNK
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
|
+$310M |
| 4 |
America Movil
AMX
|
+$263M |
| 5 |
Aon
AON
|
+$213M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Xerox
XRX
|
+$467M |
| 2 |
Baxter International
BAX
|
+$455M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$309M |
| 4 |
CMA
Comerica
CMA
|
+$247M |
| 5 |
Viatris
VTRS
|
+$231M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 14.91% |
| 2 | Technology | 13.9% |
| 3 | Healthcare | 13.87% |
| 4 | Financials | 13.53% |
| 5 | Industrials | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Norwegian Cruise Line
NCLH
$9.2B
| $396M | 0.95% |
6,912,487
+185,275
| +3% | +$10.9M |
|
27
Norfolk Southern
NSC
$77.1B
| $389M | 0.93% |
5,095,786
+597,864
| +13% | +$48.6M |
|
28
Procter & Gamble
PG
$346B
| $359M | 0.86% |
4,996,505
+1,567,219
| +46% | +$118M |
|
29
Rockwell Automation
ROK
$51.9B
| $354M | 0.85% |
3,488,832
+843,311
| +32% | +$95.5M |
|
|
MBT
30
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $351M | 0.84% |
48,620,582
-1,933,947
| -4% | -$15.1M |
|
31
Citigroup
C
$223B
| $337M | 0.8% |
6,783,016
-959,244
| -12% | -$52.4M |
|
32
CVS Health
CVS
$137B
| $335M | 0.8% |
3,474,533
+1,262,620
| +57% | +$133M |
|
|
33
Bank of America
BAC
$436B
| $335M | 0.8% |
21,486,685
+19,672,334
| +1,084% | +$331M |
|
34
Voya Financial
VOYA
$8.98B
| $327M | 0.78% |
8,428,524
+1,084,676
| +15% | +$47.7M |
|
35
EOG Resources
EOG
$74.7B
| $320M | 0.77% |
4,401,932
+576,361
| +15% | +$44.8M |
|
36
Madison Square Garden
MSGS
$9.57B
| $305M | 0.73% |
5,922,896
+1,922,847
| +48% | +$106M |
|
37
IQVIA
IQV
$35.6B
| $292M | 0.7% |
4,193,403
+68,648
| +2% | +$5.14M |
|
38
Union Pacific
UNP
$178B
| $291M | 0.7% |
3,293,360
+712,910
| +28% | +$65.1M |
|
39
Check Point Software Technologies
CHKP
$13.6B
| $289M | 0.69% |
3,647,195
+1,733,503
| +91% | +$138M |
|
|
BXLT
40
DELISTED
BAXALTA INC COM STK (DE)
BXLT
| $288M | 0.69% |
+9,135,596
| New | +$315M |
|
41
Molson Coors Class B
TAP
$7.71B
| $281M | 0.67% |
3,389,850
-1,024,117
| -23% | -$74.1M |
|
42
Ameren
AEE
$31B
| $268M | 0.64% |
6,334,042
-65,200
| -1% | -$2.63M |
|
43
PG&E
PCG
$47.2B
| $260M | 0.62% |
4,923,755
+1,473,205
| +43% | +$75.3M |
|
44
NXP Semiconductors
NXPI
$67.6B
| $258M | 0.62% |
2,962,535
+1,052,149
| +55% | +$94.8M |
|
45
YPF
YPF
$20B
| $257M | 0.61% |
16,848,480
-78,359
| -0.5% | -$1.75M |
|
46
Microsoft
MSFT
$2.89T
| $247M | 0.59% |
5,571,966
-689,757
| -11% | -$31M |
|
|
HMHC
47
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $238M | 0.57% |
11,722,828
+2,389,644
| +26% | +$57M |
|
48
Hartford Financial Services
HIG
$38.4B
| $237M | 0.57% |
5,182,511
-1,910,967
| -27% | -$88.3M |
|
|
49
America Movil
AMX
$77.1B
| $232M | 0.56% |
14,042,868
+14,042,068
| +1,755,259% | +$263M |
|
50
Parker-Hannifin
PH
$124B
| $231M | 0.55% |
2,370,658
+723,006
| +44% | +$78.5M |
|
Similar funds
QCM
Lazard Asset Management's Q3 2015 Portfolio in Review
As of Q3 2015, Lazard Asset Management held 1,239 positions worth $41.8B, down 12% from $47.7B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Lazard Asset Management withdrew a net $1.39B in Q3 2015, closing 160 positions and reducing 365 holdings. Its most notable exit was ADT Corp, an estimated $51.8M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 15% of assets, down from 15% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lazard Asset Management opened a new position in BAXALTA INC COM STK (DE) worth $288M.
- Lazard Asset Management's largest Q3 2015 buy was BAXALTA INC COM STK (DE): 9,135,596 shares worth $288M.
- Lazard Asset Management added most to Bank of America in Q3 2015, an estimated $331M increase.
- Lazard Asset Management's biggest Q3 2015 reduction was Xerox, cutting an estimated $467M.
- Lazard Asset Management fully exited ADT Corp in Q3 2015, selling an estimated $51.8M.
- Lazard Asset Management's ten largest holdings make up 21% of its $41.8B portfolio in Q3 2015.
- Lazard Asset Management opened 122 new positions and closed 160 in Q3 2015.
- Lazard Asset Management's portfolio value fell 12% quarter-over-quarter to $41.8B.
Based on Lazard Asset Management's 13F filing for Q3 2015, filed 13 Nov 2015.