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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
+19.82%
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
$65.1B
AUM Growth
+$10.5B
(+19%)
Cap. Flow
-$2.67B
Cap. Flow
% of AUM
-4.11%
Top 10 Holdings %
Top 10 Hldgs %
24.98%
Holding
1,852
New
285
Increased
466
Reduced
633
Closed
242
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MRSH
Marsh
MRSH
|
+$327M |
| 2 |
CSX Corp
CSX
|
+$258M |
| 3 |
Dollar Tree
DLTR
|
+$242M |
| 4 |
Southwest Gas
SWX
|
+$181M |
| 5 |
Microsoft
MSFT
|
+$175M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$507M |
| 2 |
Aon
AON
|
+$404M |
| 3 |
NetEase
NTES
|
+$320M |
| 4 |
CHL
China Mobile Limited
CHL
|
+$244M |
| 5 |
KSU
Kansas City Southern
KSU
|
+$233M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.57% |
| 2 | Healthcare | 14.85% |
| 3 | Financials | 11.9% |
| 4 | Industrials | 10.08% |
| 5 | Communication Services | 9.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
S&P Global
SPGI
$122B
| $515M | 0.79% |
1,563,974
-188,765
| -11% | -$56.8M |
|
|
FISV
27
Fiserv Inc
FISV
$28.8B
| $504M | 0.77% |
5,162,539
-861,745
| -14% | -$86.8M |
|
28
Kimberly-Clark
KMB
$36.6B
| $484M | 0.74% |
3,425,914
+522,010
| +18% | +$72.1M |
|
29
Dollar General
DG
$28.1B
| $480M | 0.74% |
2,517,314
+216,058
| +9% | +$39.1M |
|
30
Alphabet (Google) Class C
GOOG
$4.08T
| $474M | 0.73% |
6,705,260
+1,613,560
| +32% | +$109M |
|
31
ConocoPhillips
COP
$145B
| $461M | 0.71% |
10,962,706
-27,997
| -0.3% | -$1.13M |
|
32
Texas Instruments
TXN
$255B
| $457M | 0.7% |
3,601,809
+169,528
| +5% | +$19.8M |
|
33
Infosys
INFY
$48.4B
| $448M | 0.69% |
46,354,610
+2,630,642
| +6% | +$23.5M |
|
34
Starbucks
SBUX
$121B
| $440M | 0.68% |
5,980,527
+993,127
| +20% | +$74.6M |
|
35
Crown Castle
CCI
$33.4B
| $440M | 0.68% |
2,628,746
+965,172
| +58% | +$155M |
|
36
Electronic Arts
EA
$52.9B
| $432M | 0.66% |
3,270,711
+126,163
| +4% | +$14.9M |
|
37
Zoetis
ZTS
$31.9B
| $423M | 0.65% |
3,089,006
+291,689
| +10% | +$38.1M |
|
38
Home Depot
HD
$332B
| $421M | 0.65% |
1,682,113
+504,604
| +43% | +$116M |
|
39
Union Pacific
UNP
$172B
| $415M | 0.64% |
2,453,830
-1,409,546
| -36% | -$226M |
|
40
Vulcan Materials
VMC
$35.2B
| $414M | 0.64% |
3,575,527
-530,922
| -13% | -$58.2M |
|
41
Baxter International
BAX
$13.8B
| $394M | 0.61% |
4,579,491
-486,091
| -10% | -$42.3M |
|
42
Telkom Indonesia
TLK
$14.4B
| $394M | 0.61% |
17,988,424
+275,582
| +2% | +$5.82M |
|
43
Mondelez International
MDLZ
$80.5B
| $393M | 0.6% |
7,686,321
+659,352
| +9% | +$33.9M |
|
44
America Movil
AMX
$76B
| $387M | 0.6% |
30,522,790
-5,292,989
| -15% | -$66.1M |
|
45
IQVIA
IQV
$39.1B
| $379M | 0.58% |
2,672,858
-178,552
| -6% | -$24.2M |
|
46
JPMorgan Chase
JPM
$933B
| $367M | 0.56% |
3,898,378
+1,526,489
| +64% | +$145M |
|
|
CHL
47
DELISTED
China Mobile Limited
CHL
| $362M | 0.56% |
10,747,148
-6,596,500
| -38% | -$244M |
|
48
Public Storage
PSA
$59.3B
| $357M | 0.55% |
1,861,913
+211,156
| +13% | +$40.7M |
|
|
MRSH
49
Marsh
MRSH
$91.4B
| $347M | 0.53% |
3,232,366
+3,232,328
| +8,506,126% | +$327M |
|
50
Ryanair
RYAAY
$31.2B
| $343M | 0.53% |
12,914,763
-5,847,132
| -31% | -$148M |
|
Similar funds
QCM
Lazard Asset Management's Q2 2020 Portfolio in Review
As of Q2 2020, Lazard Asset Management held 1,852 positions worth $65.1B, up 19% from $54.6B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Lazard Asset Management withdrew a net $2.67B in Q2 2020, closing 242 positions and reducing 633 holdings. Its most notable exit was Raytheon Company, an estimated $201M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Dollar Tree worth $268M.
- Lazard Asset Management's largest Q2 2020 buy was Dollar Tree: 2,895,458 shares worth $268M.
- Lazard Asset Management added most to Marsh in Q2 2020, an estimated $327M increase.
- Lazard Asset Management's biggest Q2 2020 reduction was Norfolk Southern, cutting an estimated $507M.
- Lazard Asset Management fully exited Raytheon Company in Q2 2020, selling an estimated $201M.
- Lazard Asset Management's ten largest holdings make up 25% of its $65.1B portfolio in Q2 2020.
- Lazard Asset Management opened 285 new positions and closed 242 in Q2 2020.
- Lazard Asset Management's portfolio value rose 19% quarter-over-quarter to $65.1B.
Based on Lazard Asset Management's 13F filing for Q2 2020, filed 13 Aug 2020.