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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
+0.9%
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
$57.6B
AUM Growth
-$1.04B
(-1.8%)
Cap. Flow
-$1.85B
Cap. Flow
% of AUM
-3.21%
Top 10 Holdings %
Top 10 Hldgs %
22.21%
Holding
1,171
New
138
Increased
307
Reduced
341
Closed
146
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Analog Devices
ADI
|
+$493M |
| 2 |
Vulcan Materials
VMC
|
+$382M |
| 3 |
PG&E
PCG
|
+$309M |
| 4 |
Bank of America
BAC
|
+$302M |
| 5 |
Wells Fargo
WFC
|
+$225M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$681M |
| 2 |
Citigroup
C
|
+$519M |
| 3 |
Intel
INTC
|
+$350M |
| 4 |
Baidu
BIDU
|
+$239M |
| 5 |
Motorola Solutions
MSI
|
+$206M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.02% |
| 2 | Healthcare | 12.22% |
| 3 | Financials | 11.71% |
| 4 | Industrials | 11.26% |
| 5 | Communication Services | 11.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Aptiv
APTV
$12B
| $547M | 0.95% |
5,964,751
-379,894
| -6% | -$35.4M |
|
27
Pfizer
PFE
$140B
| $531M | 0.92% |
15,440,748
-4,094,793
| -21% | -$140M |
|
28
Johnson & Johnson
JNJ
$635B
| $527M | 0.92% |
4,343,423
+1,749,450
| +67% | +$218M |
|
29
Norfolk Southern
NSC
$78.8B
| $524M | 0.91% |
3,474,525
-760,307
| -18% | -$111M |
|
30
Intuitive Surgical
ISRG
$121B
| $503M | 0.87% |
3,151,890
-277,098
| -8% | -$42.3M |
|
31
Alphabet (Google) Class C
GOOG
$3.9T
| $496M | 0.86% |
8,899,440
+108,960
| +1% | +$5.89M |
|
|
MBT
32
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $486M | 0.84% |
55,019,979
-1,014,047
| -2% | -$10.1M |
|
33
Alibaba
BABA
$269B
| $477M | 0.83% |
2,573,518
-149,658
| -5% | -$28.5M |
|
34
Visa
V
$677B
| $472M | 0.82% |
3,560,461
-116,168
| -3% | -$15M |
|
35
Intercontinental Exchange
ICE
$82.4B
| $459M | 0.8% |
6,238,216
-214,264
| -3% | -$15.6M |
|
36
RTX Corp
RTX
$287B
| $445M | 0.77% |
5,651,091
+349,019
| +7% | +$27.3M |
|
37
Skyworks Solutions
SWKS
$9.06B
| $435M | 0.76% |
4,500,241
-885,704
| -16% | -$86.1M |
|
38
ICICI Bank
IBN
$106B
| $428M | 0.74% |
53,248,515
+12,681,415
| +31% | +$109M |
|
39
Deere & Co
DE
$170B
| $423M | 0.74% |
3,027,518
+173,479
| +6% | +$25.6M |
|
|
STI
40
DELISTED
SunTrust Banks, Inc.
STI
| $415M | 0.72% |
6,287,489
-428,217
| -6% | -$29.1M |
|
41
Ambev
ABEV
$47.3B
| $413M | 0.72% |
89,162,809
-3,514,197
| -4% | -$20.6M |
|
42
Wabtec
WAB
$51.1B
| $410M | 0.71% |
4,160,255
-135,690
| -3% | -$12.6M |
|
43
SLB Ltd
SLB
$77.8B
| $401M | 0.7% |
5,988,837
-1,083,134
| -15% | -$74.4M |
|
|
44
Vulcan Materials
VMC
$36.3B
| $400M | 0.7% |
3,101,850
+3,101,694
| +1,988,265% | +$382M |
|
45
ConocoPhillips
COP
$147B
| $398M | 0.69% |
5,709,686
-958,450
| -14% | -$63.8M |
|
46
Ryanair
RYAAY
$29.5B
| $397M | 0.69% |
8,680,380
-92,240
| -1% | -$4.29M |
|
47
Zoetis
ZTS
$31.6B
| $390M | 0.68% |
4,576,114
-270,197
| -6% | -$22.8M |
|
48
EOG Resources
EOG
$78B
| $369M | 0.64% |
2,962,928
-144,192
| -5% | -$16.8M |
|
|
49
Bank of America
BAC
$435B
| $366M | 0.64% |
12,983,517
+10,111,475
| +352% | +$302M |
|
50
Citizens Financial Group
CFG
$30.4B
| $360M | 0.62% |
9,242,859
-311,279
| -3% | -$13M |
|
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QCM
Lazard Asset Management's Q2 2018 Portfolio in Review
As of Q2 2018, Lazard Asset Management held 1,171 positions worth $57.6B, down 1.8% from $58.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Lazard Asset Management withdrew a net $1.85B in Q2 2018, closing 146 positions and reducing 341 holdings. Its most notable exit was United Parcel Service, an estimated $121M position sold in full.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Trimble worth $70.8M.
- Lazard Asset Management's largest Q2 2018 buy was Trimble: 2,156,900 shares worth $70.8M.
- Lazard Asset Management added most to Analog Devices in Q2 2018, an estimated $493M increase.
- Lazard Asset Management's biggest Q2 2018 reduction was AT&T, cutting an estimated $681M.
- Lazard Asset Management fully exited United Parcel Service in Q2 2018, selling an estimated $121M.
- Lazard Asset Management's ten largest holdings make up 22% of its $57.6B portfolio in Q2 2018.
- Lazard Asset Management opened 138 new positions and closed 146 in Q2 2018.
- Lazard Asset Management's portfolio value fell 1.8% quarter-over-quarter to $57.6B.
Based on Lazard Asset Management's 13F filing for Q2 2018, filed 13 Aug 2018.