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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
+6.48%
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
$76.3B
AUM Growth
+$3.71B
(+5.1%)
Cap. Flow
-$8.32B
Cap. Flow
% of AUM
-10.91%
Top 10 Holdings %
Top 10 Hldgs %
21.64%
Holding
2,644
New
223
Increased
746
Reduced
756
Closed
309
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$315M |
| 2 |
UnitedHealth
UNH
|
+$251M |
| 3 |
Union Pacific
UNP
|
+$248M |
| 4 |
Chevron
CVX
|
+$165M |
| 5 |
CYBR
CyberArk
CYBR
|
+$161M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Analog Devices
ADI
|
+$252M |
| 2 |
Aon
AON
|
+$184M |
| 3 |
Meta Platforms (Facebook)
META
|
+$160M |
| 4 |
PNC Financial Services
PNC
|
+$156M |
| 5 |
PayPal
PYPL
|
+$127M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.85% |
| 2 | Healthcare | 13.57% |
| 3 | Financials | 12.91% |
| 4 | Industrials | 11.58% |
| 5 | Consumer Discretionary | 8.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Salesforce
CRM
$151B
| $656M | 0.86% |
3,285,404
-174,410
| -5% | -$29.5M |
|
27
Icon
ICLR
$12.6B
| $636M | 0.83% |
2,977,756
-216,141
| -7% | -$48.1M |
|
|
MRSH
28
Marsh
MRSH
$90.5B
| $625M | 0.82% |
3,755,432
+96,774
| +3% | +$16.1M |
|
|
29
Chevron
CVX
$392B
| $619M | 0.81% |
3,796,829
+983,778
| +35% | +$165M |
|
30
Cisco
CSCO
$457B
| $617M | 0.81% |
11,805,646
+1,467,369
| +14% | +$71.7M |
|
31
ConocoPhillips
COP
$147B
| $585M | 0.77% |
5,897,890
-549
| -0% | -$60.1K |
|
32
Boston Scientific
BSX
$69.5B
| $571M | 0.75% |
11,419,371
-1,286,098
| -10% | -$60.6M |
|
33
Amphenol
APH
$198B
| $563M | 0.74% |
13,785,174
+574,396
| +4% | +$22.7M |
|
34
Ryanair
RYAAY
$30.4B
| $563M | 0.74% |
14,921,218
-808,892
| -5% | -$29.9M |
|
35
Pinnacle West Capital
PNW
$12.2B
| $548M | 0.72% |
6,919,767
-114,862
| -2% | -$8.67M |
|
36
Apple
AAPL
$4.54T
| $544M | 0.71% |
3,296,708
-12,488
| -0.4% | -$1.84M |
|
37
IQVIA
IQV
$38.7B
| $544M | 0.71% |
2,732,996
-111,537
| -4% | -$23.8M |
|
|
38
Meta Platforms (Facebook)
META
$1.42T
| $539M | 0.71% |
2,543,093
-938,643
| -27% | -$160M |
|
39
Alphabet (Google) Class C
GOOG
$4.36T
| $514M | 0.67% |
4,943,695
+474,817
| +11% | +$45.8M |
|
40
Estee Lauder
EL
$30.4B
| $508M | 0.67% |
2,062,369
+35,693
| +2% | +$9.07M |
|
41
Wells Fargo
WFC
$261B
| $488M | 0.64% |
13,065,248
+167,327
| +1% | +$7.29M |
|
42
TSMC
TSM
$2.1T
| $475M | 0.62% |
5,103,891
+122,648
| +2% | +$11M |
|
43
Medtronic
MDT
$109B
| $457M | 0.6% |
5,669,026
-1,414,623
| -20% | -$115M |
|
44
Zoetis
ZTS
$32.4B
| $457M | 0.6% |
2,743,549
-60,352
| -2% | -$9.89M |
|
45
Home Depot
HD
$331B
| $436M | 0.57% |
1,478,020
+18,873
| +1% | +$5.79M |
|
46
S&P Global
SPGI
$121B
| $423M | 0.55% |
1,226,599
-112,328
| -8% | -$39.5M |
|
47
Labcorp
LH
$25B
| $407M | 0.53% |
2,063,093
+281,387
| +16% | +$57.9M |
|
48
Walt Disney
DIS
$167B
| $405M | 0.53% |
4,045,060
-242,104
| -6% | -$24.4M |
|
49
Nike
NKE
$61.9B
| $394M | 0.52% |
3,215,148
-534,157
| -14% | -$65.7M |
|
50
Humana
HUM
$43.7B
| $391M | 0.51% |
805,466
-39,844
| -5% | -$19.7M |
|
Similar funds
QCM
Lazard Asset Management's Q1 2023 Portfolio in Review
As of Q1 2023, Lazard Asset Management held 2,644 positions worth $76.3B, up 5.1% from $72.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Lazard Asset Management withdrew a net $8.32B in Q1 2023, closing 309 positions and reducing 756 holdings. Its most notable exit was Linde, an estimated $56.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Fomento Económico Mexicano worth $11.2M.
- Lazard Asset Management's largest Q1 2023 buy was Fomento Económico Mexicano: 117,338 shares worth $11.2M.
- Lazard Asset Management added most to Norfolk Southern in Q1 2023, an estimated $315M increase.
- Lazard Asset Management's biggest Q1 2023 reduction was Analog Devices, cutting an estimated $252M.
- Lazard Asset Management fully exited Linde in Q1 2023, selling an estimated $56.6M.
- Lazard Asset Management's ten largest holdings make up 22% of its $76.3B portfolio in Q1 2023.
- Lazard Asset Management opened 223 new positions and closed 309 in Q1 2023.
- Lazard Asset Management's portfolio value rose 5.1% quarter-over-quarter to $76.3B.
Based on Lazard Asset Management's 13F filing for Q1 2023, filed 15 May 2023.