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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
+8.81%
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
$72.6B
AUM Growth
+$4.15B
(+6.1%)
Cap. Flow
-$8.77B
Cap. Flow
% of AUM
-12.07%
Top 10 Holdings %
Top 10 Hldgs %
21.12%
Holding
2,647
New
294
Increased
759
Reduced
718
Closed
235
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chevron
CVX
|
+$418M |
| 2 |
Meta Platforms (Facebook)
META
|
+$355M |
| 3 |
Labcorp
LH
|
+$293M |
| 4 |
Exelon
EXC
|
+$265M |
| 5 |
Wells Fargo
WFC
|
+$199M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Medtronic
MDT
|
+$554M |
| 2 |
ConocoPhillips
COP
|
+$350M |
| 3 |
Texas Instruments
TXN
|
+$274M |
| 4 |
Lowe's Companies
LOW
|
+$265M |
| 5 |
Cisco
CSCO
|
+$245M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.23% |
| 2 | Financials | 14.51% |
| 3 | Healthcare | 14.22% |
| 4 | Industrials | 11.72% |
| 5 | Consumer Discretionary | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MRSH
26
Marsh
MRSH
$90.5B
| $605M | 0.83% |
3,658,658
+103,512
| +3% | +$16.9M |
|
27
Boston Scientific
BSX
$69.5B
| $588M | 0.81% |
12,705,469
+165,750
| +1% | +$7.18M |
|
28
IQVIA
IQV
$38.7B
| $583M | 0.8% |
2,844,533
+29,537
| +1% | +$5.99M |
|
29
Applied Materials
AMAT
$403B
| $551M | 0.76% |
5,663,160
+503,665
| +10% | +$48.3M |
|
|
30
Medtronic
MDT
$109B
| $551M | 0.76% |
7,083,649
-6,831,068
| -49% | -$554M |
|
31
PNC Financial Services
PNC
$99.7B
| $542M | 0.75% |
3,434,759
+81,682
| +2% | +$12.9M |
|
32
Pinnacle West Capital
PNW
$12.2B
| $535M | 0.74% |
7,034,629
-2,006,715
| -22% | -$143M |
|
|
33
Wells Fargo
WFC
$261B
| $533M | 0.73% |
12,897,921
+4,504,589
| +54% | +$199M |
|
|
34
Chevron
CVX
$392B
| $505M | 0.7% |
2,813,051
+2,393,200
| +570% | +$418M |
|
35
Amphenol
APH
$198B
| $503M | 0.69% |
13,210,778
+1,335,996
| +11% | +$50.6M |
|
36
Estee Lauder
EL
$30.4B
| $503M | 0.69% |
2,026,676
+864,628
| +74% | +$193M |
|
|
37
Cisco
CSCO
$457B
| $493M | 0.68% |
10,338,277
-5,380,611
| -34% | -$245M |
|
38
Dollar General
DG
$28B
| $481M | 0.66% |
1,952,066
+113,758
| +6% | +$28.1M |
|
39
Ryanair
RYAAY
$30.4B
| $470M | 0.65% |
15,730,110
+842,805
| +6% | +$23.9M |
|
40
Home Depot
HD
$331B
| $461M | 0.63% |
1,459,147
+16,487
| +1% | +$5.02M |
|
41
Salesforce
CRM
$151B
| $459M | 0.63% |
3,459,814
+588,794
| +21% | +$85.9M |
|
42
Union Pacific
UNP
$174B
| $456M | 0.63% |
2,199,786
-707,695
| -24% | -$145M |
|
43
S&P Global
SPGI
$121B
| $448M | 0.62% |
1,338,927
-10,373
| -0.8% | -$3.42M |
|
44
Nike
NKE
$61.9B
| $439M | 0.6% |
3,749,305
+42,048
| +1% | +$4.23M |
|
45
Humana
HUM
$43.7B
| $433M | 0.6% |
845,310
-135,837
| -14% | -$71.4M |
|
46
Apple
AAPL
$4.54T
| $430M | 0.59% |
3,309,196
+188,493
| +6% | +$26.9M |
|
47
Adobe
ADBE
$99.5B
| $421M | 0.58% |
1,249,824
+94,740
| +8% | +$30.3M |
|
|
48
Meta Platforms (Facebook)
META
$1.42T
| $419M | 0.58% |
3,481,736
+3,022,258
| +658% | +$355M |
|
49
Zoetis
ZTS
$32.4B
| $411M | 0.57% |
2,803,901
-144,501
| -5% | -$21.4M |
|
50
Alphabet (Google) Class C
GOOG
$4.36T
| $397M | 0.55% |
4,468,878
+510,058
| +13% | +$48.7M |
|
Similar funds
QCM
Lazard Asset Management's Q4 2022 Portfolio in Review
As of Q4 2022, Lazard Asset Management held 2,647 positions worth $72.6B, up 6.1% from $68.4B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Lazard Asset Management withdrew a net $8.77B in Q4 2022, closing 235 positions and reducing 718 holdings. Its most notable exit was Altra Industrial Motion Corp, an estimated $16.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 18% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Lazard Asset Management opened a new position in NextEra Energy, Inc. 6.926% Corporate Units worth $38M.
- Lazard Asset Management's largest Q4 2022 buy was NextEra Energy, Inc. 6.926% Corporate Units: 756,310 shares worth $38M.
- Lazard Asset Management added most to Chevron in Q4 2022, an estimated $418M increase.
- Lazard Asset Management's biggest Q4 2022 reduction was Medtronic, cutting an estimated $554M.
- Lazard Asset Management fully exited Altra Industrial Motion Corp in Q4 2022, selling an estimated $16.5M.
- Lazard Asset Management's ten largest holdings make up 21% of its $72.6B portfolio in Q4 2022.
- Lazard Asset Management opened 294 new positions and closed 235 in Q4 2022.
- Lazard Asset Management's portfolio value rose 6.1% quarter-over-quarter to $72.6B.
Based on Lazard Asset Management's 13F filing for Q4 2022, filed 15 Feb 2023.