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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
-3.24%
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
$73.5B
AUM Growth
-$7.73B
(-9.5%)
Cap. Flow
-$10.4B
Cap. Flow
% of AUM
-14.12%
Top 10 Holdings %
Top 10 Hldgs %
24.14%
Holding
2,549
New
227
Increased
861
Reduced
712
Closed
243
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPL
PPL Corp
PPL
|
+$301M |
| 2 |
Estee Lauder
EL
|
+$252M |
| 3 |
Boeing
BA
|
+$251M |
| 4 |
Kenvue
KVUE
|
+$174M |
| 5 |
Fidelity National Information Services
FIS
|
+$166M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$547M |
| 2 |
Union Pacific
UNP
|
+$459M |
| 3 |
Pinnacle West Capital
PNW
|
+$203M |
| 4 |
Wells Fargo
WFC
|
+$199M |
| 5 |
Bank of America
BAC
|
+$199M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.75% |
| 2 | Healthcare | 13.74% |
| 3 | Financials | 13.36% |
| 4 | Industrials | 11.58% |
| 5 | Consumer Discretionary | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Prologis
PLD
$135B
| $665M | 0.9% |
5,925,442
-178,858
| -3% | -$21.9M |
|
27
Alphabet (Google) Class C
GOOG
$4.36T
| $626M | 0.85% |
4,748,468
-38,984
| -0.8% | -$5.07M |
|
28
Applied Materials
AMAT
$403B
| $603M | 0.82% |
4,353,029
-70,415
| -2% | -$10.1M |
|
29
Ryanair
RYAAY
$30.4B
| $598M | 0.81% |
15,369,190
-1,340,958
| -8% | -$54.5M |
|
30
Amphenol
APH
$198B
| $589M | 0.8% |
14,036,094
-131,166
| -0.9% | -$5.64M |
|
31
IQVIA
IQV
$38.7B
| $568M | 0.77% |
2,889,263
+80,189
| +3% | +$17.4M |
|
32
Cisco
CSCO
$457B
| $561M | 0.76% |
10,426,180
-2,764,971
| -21% | -$149M |
|
33
Exelon
EXC
$47.2B
| $560M | 0.76% |
14,828,820
-2,542,846
| -15% | -$104M |
|
34
Apple
AAPL
$4.54T
| $557M | 0.76% |
3,256,066
-174,720
| -5% | -$32M |
|
35
Meta Platforms (Facebook)
META
$1.42T
| $547M | 0.74% |
1,821,158
-342,882
| -16% | -$103M |
|
|
36
Estee Lauder
EL
$30.4B
| $538M | 0.73% |
3,720,872
+1,512,982
| +69% | +$252M |
|
37
Adobe
ADBE
$99.5B
| $493M | 0.67% |
967,694
+147,419
| +18% | +$77.3M |
|
38
Zoetis
ZTS
$32.4B
| $488M | 0.66% |
2,804,258
-13,943
| -0.5% | -$2.53M |
|
39
Boston Scientific
BSX
$69.5B
| $470M | 0.64% |
8,907,137
-285,441
| -3% | -$15M |
|
40
Labcorp
LH
$25B
| $445M | 0.61% |
2,212,497
+200,384
| +10% | +$42.3M |
|
41
S&P Global
SPGI
$121B
| $433M | 0.59% |
1,185,307
+3,609
| +0.3% | +$1.42M |
|
42
TSMC
TSM
$2.1T
| $429M | 0.58% |
4,932,836
-1,682,343
| -25% | -$159M |
|
43
Home Depot
HD
$331B
| $424M | 0.58% |
1,403,675
-228,167
| -14% | -$73.4M |
|
44
Medtronic
MDT
$109B
| $420M | 0.57% |
5,363,703
-1,108,259
| -17% | -$92.8M |
|
45
NVIDIA
NVDA
$4.86T
| $405M | 0.55% |
9,321,550
-1,043,250
| -10% | -$46.7M |
|
46
Avery Dennison
AVY
$13B
| $403M | 0.55% |
2,206,366
-110,140
| -5% | -$19.9M |
|
47
Salesforce
CRM
$151B
| $398M | 0.54% |
1,965,178
-471,901
| -19% | -$102M |
|
|
SCHW
48
Charles Schwab
SCHW
$183B
| $398M | 0.54% |
7,247,335
+1,717,137
| +31% | +$104M |
|
49
Sysco
SYY
$40.8B
| $383M | 0.52% |
5,800,000
-2,505,011
| -30% | -$180M |
|
50
Caterpillar
CAT
$375B
| $382M | 0.52% |
1,399,888
+71,344
| +5% | +$19.4M |
|
Similar funds
QCM
Lazard Asset Management's Q3 2023 Portfolio in Review
As of Q3 2023, Lazard Asset Management held 2,549 positions worth $73.5B, down 9.5% from $81.2B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $10.4B in Q3 2023, closing 243 positions and reducing 712 holdings. Its most notable exit was Littelfuse, an estimated $24.3M 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 ScottsMiracle-Gro worth $28.3M.
- Lazard Asset Management's largest Q3 2023 buy was ScottsMiracle-Gro: 548,310 shares worth $28.3M.
- Lazard Asset Management added most to PPL Corp in Q3 2023, an estimated $301M increase.
- Lazard Asset Management's biggest Q3 2023 reduction was Johnson & Johnson, cutting an estimated $547M.
- Lazard Asset Management fully exited Littelfuse in Q3 2023, selling an estimated $24.3M.
- Lazard Asset Management's ten largest holdings make up 24% of its $73.5B portfolio in Q3 2023.
- Lazard Asset Management opened 227 new positions and closed 243 in Q3 2023.
- Lazard Asset Management's portfolio value fell 9.5% quarter-over-quarter to $73.5B.
Based on Lazard Asset Management's 13F filing for Q3 2023, filed 14 Nov 2023.