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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
-4.39%
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
$68.4B
AUM Growth
-$5.5B
Cap. Flow
-$9.75B
Cap. Flow %
-14.25%
Top 10 Hldgs %
21.66%
Holding
2,644
New
225
Increased
638
Reduced
796
Closed
294

Top Buys

Rank Stock Value
1
NSC icon
Norfolk Southern
NSC
+$284M
2
ICLR icon
Icon
ICLR
+$148M
3
EL icon
Estee Lauder
EL
+$128M
4
EBAY icon
eBay
EBAY
+$127M
5
NVST icon
Envista
NVST
+$110M

Top Sells

Rank Stock Value
1
LOW icon
Lowe's Companies
LOW
+$375M
2
NWE icon
NorthWestern Energy
NWE
+$293M
3
ED icon
Consolidated Edison
ED
+$202M
4
MDT icon
Medtronic
MDT
+$201M
5
AEE icon
Ameren
AEE
+$156M

Sector Composition

Rank Sector Weight
1 Technology 18.01%
2 Healthcare 14.76%
3 Financials 13.61%
4 Industrials 11.37%
5 Consumer Discretionary 8.72%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ICLR icon
26
Icon
ICLR
$12.6B
$586M 0.86%
3,189,083
+680,928
+27% +$148M
PNW icon
27
Pinnacle West Capital
PNW
$12.2B
$583M 0.85%
9,041,344
-1,161,185
-11% -$85.5M
UNP icon
28
Union Pacific
UNP
$174B
$566M 0.83%
2,907,481
-91,180
-3% -$20.2M
FISV
29
Fiserv Inc
FISV
$28.8B
$542M 0.79%
5,791,966
-536,431
-8% -$54.7M
MRSH
30
Marsh
MRSH
$90.5B
$531M 0.78%
3,555,146
-31,620
-0.9% -$5.07M
UNH icon
31
UnitedHealth
UNH
$376B
$529M 0.77%
1,048,301
+52,134
+5% +$27.4M
IQV icon
32
IQVIA
IQV
$38.7B
$510M 0.74%
2,814,996
-95,422
-3% -$20.9M
PNC icon
33
PNC Financial Services
PNC
$99.7B
$501M 0.73%
3,353,077
-40,655
-1% -$6.59M
BSX icon
34
Boston Scientific
BSX
$69.5B
$486M 0.71%
12,539,719
-113,333
-0.9% -$4.55M
HUM icon
35
Humana
HUM
$43.7B
$476M 0.7%
981,147
-12,780
-1% -$6.22M
DG icon
36
Dollar General
DG
$28B
$441M 0.64%
1,838,308
-33,663
-2% -$8.3M
ZTS icon
37
Zoetis
ZTS
$32.4B
$437M 0.64%
2,948,402
-28,157
-0.9% -$4.71M
AAPL icon
38
Apple
AAPL
$4.54T
$431M 0.63%
3,120,703
-63,921
-2% -$10M
AMAT icon
39
Applied Materials
AMAT
$403B
$423M 0.62%
5,159,495
+632,783
+14% +$61M
CRM icon
40
Salesforce
CRM
$151B
$413M 0.6%
2,871,020
+113,923
+4% +$19.3M
SPGI icon
41
S&P Global
SPGI
$121B
$412M 0.6%
1,349,300
-100,808
-7% -$36.1M
ED icon
42
Consolidated Edison
ED
$40.1B
$411M 0.6%
4,794,319
-2,091,300
-30% -$202M
HD icon
43
Home Depot
HD
$331B
$398M 0.58%
1,442,660
-4,248
-0.3% -$1.25M
APH icon
44
Amphenol
APH
$198B
$398M 0.58%
11,874,782
-431,070
-4% -$15.7M
GOOG icon
45
Alphabet (Google) Class C
GOOG
$4.36T
$381M 0.56%
3,958,820
-41,560
-1% -$4.64M
PBR icon
46
Petrobras
PBR
$125B
$366M 0.53%
29,647,623
+139,696
+0.5% +$1.85M
CCI icon
47
Crown Castle
CCI
$33.3B
$351M 0.51%
2,427,451
-149,944
-6% -$25.7M
RYAAY icon
48
Ryanair
RYAAY
$30.4B
$348M 0.51%
14,887,305
-219,088
-1% -$6.17M
WFC icon
49
Wells Fargo
WFC
$261B
$338M 0.49%
8,393,332
+671,415
+9% +$28.8M
CBSH icon
50
Commerce Bancshares
CBSH
$8.53B
$335M 0.49%
6,158,946
-252,300
-4% -$14.4M
1
2
3 4 5

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Lazard Asset Management's Q3 2022 Portfolio in Review

As of Q3 2022, Lazard Asset Management held 2,644 positions worth $68.4B, down 7.4% from $73.9B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Lazard Asset Management withdrew a net $9.75B in Q3 2022, closing 294 positions and reducing 796 holdings. Its most notable exit was Nielsen Holdings plc, an estimated $99M position sold in full.

By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 19% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Lazard Asset Management opened a new position in Cardinal Health worth $11.3M.

  • Lazard Asset Management's largest Q3 2022 buy was Cardinal Health: 169,616 shares worth $11.3M.
  • Lazard Asset Management added most to Norfolk Southern in Q3 2022, an estimated $284M increase.
  • Lazard Asset Management's biggest Q3 2022 reduction was Lowe's Companies, cutting an estimated $375M.
  • Lazard Asset Management fully exited Nielsen Holdings plc in Q3 2022, selling an estimated $99M.
  • Lazard Asset Management's ten largest holdings make up 22% of its $68.4B portfolio in Q3 2022.
  • Lazard Asset Management opened 225 new positions and closed 294 in Q3 2022.
  • Lazard Asset Management's portfolio value fell 7.4% quarter-over-quarter to $68.4B.

Based on Lazard Asset Management's 13F filing for Q3 2022, filed 14 Nov 2022.