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Lazard Asset Management

Lazard Asset Management Portfolio holdings

AUM $60.8B
1-Year Est. Return 22.47%
This Fund
S&P 500
This Quarter Est. Return
+9.28%
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
$71.1B
AUM Growth
+$6.09B
Cap. Flow
-$4.22B
Cap. Flow %
-5.93%
Top 10 Hldgs %
23.52%
Holding
1,818
New
187
Increased
438
Reduced
581
Closed
216

Top Buys

Rank Stock Value
1
ED icon
Consolidated Edison
ED
+$478M
2
DLTR icon
Dollar Tree
DLTR
+$318M
3
WM icon
Waste Management
WM
+$223M
4
AXP icon
American Express
AXP
+$223M
5
SCHW
Charles Schwab
SCHW
+$202M

Top Sells

Rank Stock Value
1
NSC icon
Norfolk Southern
NSC
+$554M
2
AAPL icon
Apple
AAPL
+$510M
3
UNP icon
Union Pacific
UNP
+$421M
4
LOW icon
Lowe's Companies
LOW
+$368M
5
CSX icon
CSX Corp
CSX
+$284M

Sector Composition

Rank Sector Weight
1 Technology 21.24%
2 Healthcare 15.36%
3 Financials 11.94%
4 Consumer Discretionary 9.91%
5 Industrials 9.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPGI icon
26
S&P Global
SPGI
$121B
$590M 0.83%
1,636,693
+72,719
+5% +$25.7M
TXN icon
27
Texas Instruments
TXN
$252B
$574M 0.81%
4,018,757
+416,948
+12% +$56.7M
DLTR icon
28
Dollar Tree
DLTR
$24.4B
$573M 0.81%
6,276,575
+3,381,117
+117% +$318M
ZTS icon
29
Zoetis
ZTS
$32.4B
$561M 0.79%
3,394,905
+305,899
+10% +$47M
FISV
30
Fiserv Inc
FISV
$28.8B
$550M 0.77%
5,333,139
+170,600
+3% +$17M
CSCO icon
31
Cisco
CSCO
$457B
$543M 0.76%
13,794,406
+753,491
+6% +$32.8M
DG icon
32
Dollar General
DG
$28B
$538M 0.76%
2,564,560
+47,246
+2% +$9.29M
WM icon
33
Waste Management
WM
$90.6B
$520M 0.73%
4,598,937
+2,016,016
+78% +$223M
HD icon
34
Home Depot
HD
$331B
$514M 0.72%
1,851,815
+169,702
+10% +$46M
GOOG icon
35
Alphabet (Google) Class C
GOOG
$4.36T
$513M 0.72%
6,980,340
+275,080
+4% +$21M
ED icon
36
Consolidated Edison
ED
$40.1B
$504M 0.71%
6,482,240
+6,479,561
+241,865% +$478M
KMB icon
37
Kimberly-Clark
KMB
$36.3B
$486M 0.68%
3,290,270
-135,644
-4% -$20.4M
PLD icon
38
Prologis
PLD
$135B
$484M 0.68%
4,812,755
-946,996
-16% -$94.9M
VMC icon
39
Vulcan Materials
VMC
$34.8B
$483M 0.68%
3,560,374
-15,153
-0.4% -$1.9M
CCI icon
40
Crown Castle
CCI
$33.3B
$431M 0.61%
2,589,766
-38,980
-1% -$6.43M
EA icon
41
Electronic Arts
EA
$53B
$428M 0.6%
3,282,482
+11,771
+0.4% +$1.6M
IQV icon
42
IQVIA
IQV
$38.7B
$420M 0.59%
2,667,509
-5,349
-0.2% -$838K
RYAAY icon
43
Ryanair
RYAAY
$30.4B
$420M 0.59%
12,832,955
-81,808
-0.6% -$2.54M
PSA icon
44
Public Storage
PSA
$60.5B
$410M 0.58%
1,841,896
-20,017
-1% -$4.09M
MDLZ icon
45
Mondelez International
MDLZ
$79.5B
$405M 0.57%
7,054,700
-631,621
-8% -$35.2M
AXP icon
46
American Express
AXP
$227B
$405M 0.57%
4,040,582
+2,263,322
+127% +$223M
AMZN icon
47
Amazon
AMZN
$2.92T
$399M 0.56%
2,535,620
+119,380
+5% +$18.8M
JPM icon
48
JPMorgan Chase
JPM
$935B
$375M 0.53%
3,890,355
-8,023
-0.2% -$788K
HUM icon
49
Humana
HUM
$43.7B
$373M 0.52%
900,862
+17,487
+2% +$7.03M
MRSH
50
Marsh
MRSH
$90.5B
$373M 0.52%
3,247,649
+15,283
+0.5% +$1.75M
1
2
3 4 5

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Lazard Asset Management's Q3 2020 Portfolio in Review

As of Q3 2020, Lazard Asset Management held 1,818 positions worth $71.1B, up 9.4% from $65.1B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Lazard Asset Management withdrew a net $4.22B in Q3 2020, closing 216 positions and reducing 581 holdings. Its most notable exit was 58.com Inc, an estimated $71.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 23% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Lazard Asset Management opened a new position in Kingsoft Cloud Holdings worth $57.6M.

  • Lazard Asset Management's largest Q3 2020 buy was Kingsoft Cloud Holdings: 1,949,052 shares worth $57.6M.
  • Lazard Asset Management added most to Consolidated Edison in Q3 2020, an estimated $478M increase.
  • Lazard Asset Management's biggest Q3 2020 reduction was Norfolk Southern, cutting an estimated $554M.
  • Lazard Asset Management fully exited 58.com Inc in Q3 2020, selling an estimated $71.7M.
  • Lazard Asset Management's ten largest holdings make up 24% of its $71.1B portfolio in Q3 2020.
  • Lazard Asset Management opened 187 new positions and closed 216 in Q3 2020.
  • Lazard Asset Management's portfolio value rose 9.4% quarter-over-quarter to $71.1B.

Based on Lazard Asset Management's 13F filing for Q3 2020, filed 13 Nov 2020.