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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
+8.53%
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
$94B
AUM Growth
+$5.35B
(+6%)
Cap. Flow
-$10.2B
Cap. Flow
% of AUM
-10.87%
Top 10 Holdings %
Top 10 Hldgs %
22.25%
Holding
2,551
New
400
Increased
743
Reduced
692
Closed
262
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pinnacle West Capital
PNW
|
+$455M |
| 2 |
PNC Financial Services
PNC
|
+$306M |
| 3 |
Otis Worldwide
OTIS
|
+$234M |
| 4 |
Colgate-Palmolive
CL
|
+$212M |
| 5 |
NorthWestern Energy
NWE
|
+$193M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Chase
JPM
|
+$545M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$293M |
| 3 |
CSX Corp
CSX
|
+$210M |
| 4 |
Baxter International
BAX
|
+$171M |
| 5 |
Dollar Tree
DLTR
|
+$160M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.36% |
| 2 | Healthcare | 14.2% |
| 3 | Financials | 13.3% |
| 4 | Industrials | 9.5% |
| 5 | Consumer Discretionary | 9.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Coca-Cola
KO
$377B
| $772M | 0.82% |
13,035,963
-697,610
| -5% | -$38.8M |
|
|
27
Pinnacle West Capital
PNW
$12.2B
| $760M | 0.81% |
10,767,845
+6,774,779
| +170% | +$455M |
|
28
ConocoPhillips
COP
$147B
| $755M | 0.8% |
10,463,682
-1,396,586
| -12% | -$102M |
|
29
Dollar General
DG
$28B
| $741M | 0.79% |
3,143,604
-79,479
| -2% | -$17.6M |
|
30
Consolidated Edison
ED
$40.1B
| $737M | 0.78% |
8,642,518
+479,210
| +6% | +$37.7M |
|
|
31
Alphabet (Google) Class C
GOOG
$4.36T
| $706M | 0.75% |
4,881,500
-465,420
| -9% | -$67.3M |
|
|
32
PNC Financial Services
PNC
$99.7B
| $693M | 0.74% |
3,454,951
+1,505,125
| +77% | +$306M |
|
|
FISV
33
Fiserv Inc
FISV
$28.8B
| $686M | 0.73% |
6,609,670
+170,086
| +3% | +$17.6M |
|
34
Home Depot
HD
$331B
| $669M | 0.71% |
1,611,597
-115,633
| -7% | -$44M |
|
35
Apple
AAPL
$4.54T
| $663M | 0.71% |
3,731,588
-788,693
| -17% | -$125M |
|
|
MRSH
36
Marsh
MRSH
$90.5B
| $632M | 0.67% |
3,638,781
-2,891
| -0.1% | -$480K |
|
37
S&P Global
SPGI
$121B
| $627M | 0.67% |
1,328,911
-66,150
| -5% | -$30.3M |
|
38
Texas Instruments
TXN
$252B
| $622M | 0.66% |
3,302,558
-532,711
| -14% | -$102M |
|
|
39
CSX Corp
CSX
$93.4B
| $622M | 0.66% |
16,553,042
-5,944,606
| -26% | -$210M |
|
40
TSMC
TSM
$2.1T
| $583M | 0.62% |
4,842,136
+5,337
| +0.1% | +$625K |
|
41
Salesforce
CRM
$151B
| $549M | 0.58% |
2,159,362
-12,763
| -0.6% | -$3.59M |
|
42
Ryanair
RYAAY
$30.4B
| $530M | 0.56% |
12,939,498
+712,905
| +6% | +$31M |
|
43
Applied Materials
AMAT
$403B
| $522M | 0.56% |
3,314,620
-95,320
| -3% | -$13.8M |
|
44
Starbucks
SBUX
$120B
| $521M | 0.55% |
4,450,384
-139,210
| -3% | -$15.7M |
|
45
UnitedHealth
UNH
$376B
| $519M | 0.55% |
1,034,054
-20,604
| -2% | -$9.33M |
|
46
Alibaba
BABA
$293B
| $505M | 0.54% |
4,250,404
-45,077
| -1% | -$6.56M |
|
47
Amphenol
APH
$198B
| $502M | 0.53% |
11,488,498
-77,122
| -0.7% | -$3.12M |
|
48
Telkom Indonesia
TLK
$14.5B
| $492M | 0.52% |
16,956,724
+257,565
| +2% | +$6.99M |
|
49
Humana
HUM
$43.7B
| $464M | 0.49% |
999,789
+10,391
| +1% | +$4.6M |
|
50
Adobe
ADBE
$99.5B
| $463M | 0.49% |
816,060
-47,115
| -5% | -$29.5M |
|
Similar funds
QCM
Lazard Asset Management's Q4 2021 Portfolio in Review
As of Q4 2021, Lazard Asset Management held 2,551 positions worth $94B, up 6% from $88.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Lazard Asset Management withdrew a net $10.2B in Q4 2021, closing 262 positions and reducing 692 holdings. Its most notable exit was Innospec, an estimated $21M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Wells Fargo 7.5% Non Cumv Perp Conv worth $922K.
- Lazard Asset Management's largest Q4 2021 buy was Wells Fargo 7.5% Non Cumv Perp Conv: 61,920 shares worth $922K.
- Lazard Asset Management added most to Pinnacle West Capital in Q4 2021, an estimated $455M increase.
- Lazard Asset Management's biggest Q4 2021 reduction was JPMorgan Chase, cutting an estimated $545M.
- Lazard Asset Management fully exited Innospec in Q4 2021, selling an estimated $21M.
- Lazard Asset Management's ten largest holdings make up 22% of its $94B portfolio in Q4 2021.
- Lazard Asset Management opened 400 new positions and closed 262 in Q4 2021.
- Lazard Asset Management's portfolio value rose 6% quarter-over-quarter to $94B.
Based on Lazard Asset Management's 13F filing for Q4 2021, filed 9 Feb 2022.