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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
+6.46%
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
$81.2B
AUM Growth
+$4.94B
(+6.5%)
Cap. Flow
-$6.14B
Cap. Flow
% of AUM
-7.55%
Top 10 Holdings %
Top 10 Hldgs %
23.23%
Holding
2,627
New
307
Increased
786
Reduced
648
Closed
292
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Exelon
EXC
|
+$410M |
| 2 |
American Electric Power
AEP
|
+$309M |
| 3 |
UnitedHealth
UNH
|
+$239M |
| 4 |
Johnson & Johnson
JNJ
|
+$235M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$214M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dollar General
DG
|
+$330M |
| 2 |
Consolidated Edison
ED
|
+$330M |
| 3 |
PNC Financial Services
PNC
|
+$284M |
| 4 |
Salesforce
CRM
|
+$173M |
| 5 |
FISV
Fiserv Inc
FISV
|
+$173M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.56% |
| 2 | Healthcare | 13.87% |
| 3 | Financials | 13.3% |
| 4 | Industrials | 12.02% |
| 5 | Consumer Discretionary | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Ryanair
RYAAY
$30B
| $739M | 0.91% |
16,710,148
+1,788,930
| +12% | +$72.1M |
|
27
ConocoPhillips
COP
$144B
| $727M | 0.89% |
7,012,403
+1,114,513
| +19% | +$115M |
|
|
MRSH
28
Marsh
MRSH
$94.3B
| $720M | 0.89% |
3,829,197
+73,765
| +2% | +$13.1M |
|
|
29
Exelon
EXC
$48.1B
| $708M | 0.87% |
17,371,666
+9,923,059
| +133% | +$410M |
|
30
Cisco
CSCO
$443B
| $683M | 0.84% |
13,191,151
+1,385,505
| +12% | +$68.1M |
|
31
TSMC
TSM
$1.94T
| $668M | 0.82% |
6,615,179
+1,511,288
| +30% | +$141M |
|
32
Apple
AAPL
$4.97T
| $665M | 0.82% |
3,430,786
+134,078
| +4% | +$23.4M |
|
33
Applied Materials
AMAT
$347B
| $639M | 0.79% |
4,423,444
-1,127,648
| -20% | -$141M |
|
34
IQVIA
IQV
$40.7B
| $631M | 0.78% |
2,809,074
+76,078
| +3% | +$15.3M |
|
35
Meta Platforms (Facebook)
META
$1.49T
| $621M | 0.76% |
2,164,040
-379,053
| -15% | -$93.5M |
|
36
Sysco
SYY
$40.8B
| $616M | 0.76% |
8,305,011
-222,211
| -3% | -$16.4M |
|
37
Amphenol
APH
$185B
| $602M | 0.74% |
14,167,260
+382,086
| +3% | +$14.8M |
|
38
Alphabet (Google) Class C
GOOG
$4.11T
| $579M | 0.71% |
4,787,452
-156,243
| -3% | -$18.1M |
|
39
Medtronic
MDT
$112B
| $570M | 0.7% |
6,471,962
+802,936
| +14% | +$69.1M |
|
40
Wells Fargo
WFC
$254B
| $557M | 0.69% |
13,054,440
-10,808
| -0.1% | -$435K |
|
41
Pinnacle West Capital
PNW
$12.4B
| $523M | 0.64% |
6,419,141
-500,626
| -7% | -$39.9M |
|
|
42
Salesforce
CRM
$154B
| $515M | 0.63% |
2,437,079
-848,325
| -26% | -$173M |
|
43
Home Depot
HD
$337B
| $507M | 0.62% |
1,631,842
+153,822
| +10% | +$45.4M |
|
44
Boston Scientific
BSX
$68.4B
| $497M | 0.61% |
9,192,578
-2,226,793
| -20% | -$116M |
|
45
Zoetis
ZTS
$32.7B
| $485M | 0.6% |
2,818,201
+74,652
| +3% | +$12.9M |
|
46
S&P Global
SPGI
$124B
| $474M | 0.58% |
1,181,698
-44,901
| -4% | -$16.4M |
|
47
NVIDIA
NVDA
$4.6T
| $438M | 0.54% |
10,364,800
-3,235,600
| -24% | -$107M |
|
48
Estee Lauder
EL
$30.4B
| $434M | 0.53% |
2,207,890
+145,521
| +7% | +$30.9M |
|
49
Labcorp
LH
$25.2B
| $417M | 0.51% |
2,012,113
-50,980
| -2% | -$9.89M |
|
50
Petrobras
PBR
$120B
| $404M | 0.5% |
29,221,292
+2,582,327
| +10% | +$31.4M |
|
Similar funds
QCM
Lazard Asset Management's Q2 2023 Portfolio in Review
As of Q2 2023, Lazard Asset Management held 2,627 positions worth $81.2B, up 6.5% from $76.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Lazard Asset Management withdrew a net $6.14B in Q2 2023, closing 292 positions and reducing 648 holdings. Its most notable exit was ABB Ltd, an estimated $107M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Nice worth $14.7M.
- Lazard Asset Management's largest Q2 2023 buy was Nice: 71,266 shares worth $14.7M.
- Lazard Asset Management added most to Exelon in Q2 2023, an estimated $410M increase.
- Lazard Asset Management's biggest Q2 2023 reduction was Dollar General, cutting an estimated $330M.
- Lazard Asset Management fully exited ABB Ltd in Q2 2023, selling an estimated $107M.
- Lazard Asset Management's ten largest holdings make up 23% of its $81.2B portfolio in Q2 2023.
- Lazard Asset Management opened 307 new positions and closed 292 in Q2 2023.
- Lazard Asset Management's portfolio value rose 6.5% quarter-over-quarter to $81.2B.
Based on Lazard Asset Management's 13F filing for Q2 2023, filed 15 Aug 2023.