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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
+13.76%
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
$61.1B
AUM Growth
+$6.8B
(+13%)
Cap. Flow
-$1.88B
Cap. Flow
% of AUM
-3.07%
Top 10 Holdings %
Top 10 Hldgs %
23.3%
Holding
1,241
New
198
Increased
365
Reduced
338
Closed
99
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intercontinental Exchange
ICE
|
+$348M |
| 2 |
Elanco Animal Health
ELAN
|
+$327M |
| 3 |
Norfolk Southern
NSC
|
+$273M |
| 4 |
FISV
Fiserv Inc
FISV
|
+$258M |
| 5 |
Medtronic
MDT
|
+$176M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PG&E
PCG
|
+$490M |
| 2 |
CHL
China Mobile Limited
CHL
|
+$445M |
| 3 |
Edison International
EIX
|
+$392M |
| 4 |
STI
SunTrust Banks, Inc.
STI
|
+$384M |
| 5 |
RTX Corp
RTX
|
+$366M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.22% |
| 2 | Healthcare | 15.06% |
| 3 | Financials | 13.35% |
| 4 | Industrials | 12.52% |
| 5 | Communication Services | 11.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
McDonald's
MCD
$193B
| $562M | 0.92% |
2,960,806
+556,073
| +23% | +$101M |
|
27
Wells Fargo
WFC
$254B
| $562M | 0.92% |
11,629,486
+2,634,945
| +29% | +$130M |
|
28
Alibaba
BABA
$276B
| $558M | 0.91% |
3,057,240
+493,619
| +19% | +$83M |
|
29
Alphabet (Google) Class C
GOOG
$4.11T
| $548M | 0.9% |
9,349,280
+4,480
| +0% | +$251K |
|
30
Chevron
CVX
$382B
| $541M | 0.88% |
4,390,039
+373,469
| +9% | +$44.2M |
|
31
Baidu
BIDU
$35.7B
| $538M | 0.88% |
3,260,946
-51,873
| -2% | -$8.68M |
|
32
Vulcan Materials
VMC
$36.8B
| $519M | 0.85% |
4,387,024
+93,951
| +2% | +$10.2M |
|
33
Deere & Co
DE
$165B
| $494M | 0.81% |
3,089,066
+1,912
| +0.1% | +$305K |
|
34
Ryanair
RYAAY
$30B
| $490M | 0.8% |
16,334,155
+3,047,860
| +23% | +$88.4M |
|
|
KSU
35
DELISTED
Kansas City Southern
KSU
| $486M | 0.79% |
4,186,916
+1,283,020
| +44% | +$139M |
|
36
Pfizer
PFE
$143B
| $482M | 0.79% |
11,964,971
-6,060
| -0.1% | -$243K |
|
37
Aptiv
APTV
$12.3B
| $467M | 0.76% |
5,879,004
-375,176
| -6% | -$28.8M |
|
38
Eaton
ETN
$141B
| $461M | 0.75% |
5,721,503
-1,049,476
| -15% | -$80M |
|
39
Armstrong World Industries
AWI
$7.37B
| $461M | 0.75% |
5,801,842
+117,615
| +2% | +$8.2M |
|
40
eBay
EBAY
$51.2B
| $442M | 0.72% |
11,910,760
-2,054,967
| -15% | -$71.3M |
|
41
Motorola Solutions
MSI
$72.1B
| $441M | 0.72% |
3,140,584
-1,376,065
| -30% | -$179M |
|
42
YPF
YPF
$19.7B
| $430M | 0.7% |
30,663,401
-209,392
| -0.7% | -$3.07M |
|
43
Baxter International
BAX
$12.8B
| $425M | 0.69% |
5,222,634
+738,995
| +16% | +$53.8M |
|
44
Infosys
INFY
$51B
| $423M | 0.69% |
38,725,567
+373,688
| +1% | +$3.95M |
|
45
Danaher
DHR
$138B
| $421M | 0.69% |
3,600,726
+314,686
| +10% | +$32.3M |
|
46
Skyworks Solutions
SWKS
$9.2B
| $420M | 0.69% |
5,088,991
-1,052,182
| -17% | -$81.2M |
|
47
Zoetis
ZTS
$32.7B
| $401M | 0.66% |
3,981,849
-352,727
| -8% | -$32M |
|
|
MBT
48
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $390M | 0.64% |
51,627,525
-598,616
| -1% | -$4.75M |
|
49
Ambev
ABEV
$47.9B
| $358M | 0.59% |
83,310,791
-2,068,204
| -2% | -$9.5M |
|
50
S&P Global
SPGI
$124B
| $357M | 0.58% |
1,693,668
+7,408
| +0.4% | +$1.43M |
|
Similar funds
QCM
Lazard Asset Management's Q1 2019 Portfolio in Review
As of Q1 2019, Lazard Asset Management held 1,241 positions worth $61.1B, up 13% from $54.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Lazard Asset Management withdrew a net $1.88B in Q1 2019, closing 99 positions and reducing 338 holdings. Its most notable exit was PG&E, an estimated $490M position sold in full.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Elanco Animal Health worth $341M.
- Lazard Asset Management's largest Q1 2019 buy was Elanco Animal Health: 10,640,964 shares worth $341M.
- Lazard Asset Management added most to Intercontinental Exchange in Q1 2019, an estimated $348M increase.
- Lazard Asset Management's biggest Q1 2019 reduction was China Mobile Limited, cutting an estimated $445M.
- Lazard Asset Management fully exited PG&E in Q1 2019, selling an estimated $490M.
- Lazard Asset Management's ten largest holdings make up 23% of its $61.1B portfolio in Q1 2019.
- Lazard Asset Management opened 198 new positions and closed 99 in Q1 2019.
- Lazard Asset Management's portfolio value rose 13% quarter-over-quarter to $61.1B.
Based on Lazard Asset Management's 13F filing for Q1 2019, filed 13 May 2019.