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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
+1.53%
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
$60.9B
AUM Growth
-$821M
(-1.3%)
Cap. Flow
-$3.18B
Cap. Flow
% of AUM
-5.23%
Top 10 Holdings %
Top 10 Hldgs %
24.34%
Holding
1,619
New
432
Increased
351
Reduced
430
Closed
152
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CSX Corp
CSX
|
+$487M |
| 2 |
Kimberly-Clark
KMB
|
+$223M |
| 3 |
Norfolk Southern
NSC
|
+$217M |
| 4 |
Boeing
BA
|
+$167M |
| 5 |
Caterpillar
CAT
|
+$157M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YPF
YPF
|
+$362M |
| 2 |
ICICI Bank
IBN
|
+$270M |
| 3 |
Chevron
CVX
|
+$239M |
| 4 |
AABA
Altaba Inc
AABA
|
+$238M |
| 5 |
Citizens Financial Group
CFG
|
+$187M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.88% |
| 2 | Healthcare | 15.67% |
| 3 | Financials | 13.22% |
| 4 | Industrials | 13.12% |
| 5 | Communication Services | 10.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Alibaba
BABA
$276B
| $549M | 0.9% |
3,282,174
+560,965
| +21% | +$96.4M |
|
27
Thermo Fisher Scientific
TMO
$214B
| $506M | 0.83% |
1,735,984
-187,714
| -10% | -$53.8M |
|
|
KSU
28
DELISTED
Kansas City Southern
KSU
| $496M | 0.82% |
3,730,822
-856,560
| -19% | -$107M |
|
29
Motorola Solutions
MSI
$73.1B
| $493M | 0.81% |
2,892,953
-200,567
| -6% | -$34.4M |
|
30
Skyworks Solutions
SWKS
$9.73B
| $493M | 0.81% |
6,219,374
+210,481
| +4% | +$16.8M |
|
31
Alphabet (Google) Class C
GOOG
$4.07T
| $480M | 0.79% |
7,880,120
-788,580
| -9% | -$46.7M |
|
32
Ryanair
RYAAY
$31.1B
| $472M | 0.78% |
17,765,700
+1,484,877
| +9% | +$36.8M |
|
33
Infosys
INFY
$50B
| $444M | 0.73% |
39,069,580
-1,615,035
| -4% | -$18.2M |
|
|
34
Chevron
CVX
$374B
| $442M | 0.73% |
3,730,597
-1,970,168
| -35% | -$239M |
|
|
CHL
35
DELISTED
China Mobile Limited
CHL
| $429M | 0.7% |
10,361,611
+231,241
| +2% | +$9.85M |
|
36
Aptiv
APTV
$12.6B
| $424M | 0.7% |
4,854,477
-1,005,282
| -17% | -$84M |
|
37
Deere & Co
DE
$173B
| $422M | 0.69% |
2,499,917
-469,567
| -16% | -$75.1M |
|
38
Union Pacific
UNP
$175B
| $421M | 0.69% |
2,596,721
+368,856
| +17% | +$62M |
|
39
S&P Global
SPGI
$126B
| $410M | 0.67% |
1,674,842
+59,048
| +4% | +$14.8M |
|
40
Eaton
ETN
$150B
| $390M | 0.64% |
4,686,210
-402,167
| -8% | -$32.6M |
|
41
Danaher
DHR
$140B
| $379M | 0.62% |
2,960,545
-156,657
| -5% | -$19.6M |
|
42
Armstrong World Industries
AWI
$7.62B
| $372M | 0.61% |
3,851,251
-416,651
| -10% | -$40.1M |
|
43
Elanco Animal Health
ELAN
$12.7B
| $367M | 0.6% |
13,796,821
-1,261,813
| -8% | -$37.9M |
|
44
Zoetis
ZTS
$32.5B
| $363M | 0.6% |
2,917,569
-670,940
| -19% | -$81M |
|
|
MBT
45
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $351M | 0.58% |
43,291,158
-4,471,230
| -9% | -$36.7M |
|
46
Electronic Arts
EA
$52.4B
| $345M | 0.57% |
3,526,673
-73,182
| -2% | -$6.87M |
|
47
Walt Disney
DIS
$172B
| $335M | 0.55% |
2,571,250
+552,863
| +27% | +$76.4M |
|
48
Prologis
PLD
$137B
| $320M | 0.53% |
3,758,276
-24,590
| -0.7% | -$2.03M |
|
|
RTN
49
DELISTED
Raytheon Company
RTN
| $319M | 0.52% |
1,628,076
+6,101
| +0.4% | +$1.13M |
|
50
ConocoPhillips
COP
$139B
| $318M | 0.52% |
5,585,688
+1,184,641
| +27% | +$67.4M |
|
Similar funds
QCM
Lazard Asset Management's Q3 2019 Portfolio in Review
As of Q3 2019, Lazard Asset Management held 1,619 positions worth $60.9B, down 1.3% from $61.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $3.18B in Q3 2019, closing 152 positions and reducing 430 holdings. Its most notable exit was Altaba Inc, an estimated $238M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Genmab worth $34.3M.
- Lazard Asset Management's largest Q3 2019 buy was Genmab: 1,694,121 shares worth $34.3M.
- Lazard Asset Management added most to CSX Corp in Q3 2019, an estimated $487M increase.
- Lazard Asset Management's biggest Q3 2019 reduction was YPF, cutting an estimated $362M.
- Lazard Asset Management fully exited Altaba Inc in Q3 2019, selling an estimated $238M.
- Lazard Asset Management's ten largest holdings make up 24% of its $60.9B portfolio in Q3 2019.
- Lazard Asset Management opened 432 new positions and closed 152 in Q3 2019.
- Lazard Asset Management's portfolio value fell 1.3% quarter-over-quarter to $60.9B.
Based on Lazard Asset Management's 13F filing for Q3 2019, filed 14 Nov 2019.