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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
+11.1%
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
$79B
AUM Growth
+$5.52B
(+7.5%)
Cap. Flow
-$7.01B
Cap. Flow
% of AUM
-8.87%
Top 10 Holdings %
Top 10 Hldgs %
24.46%
Holding
2,559
New
284
Increased
737
Reduced
832
Closed
260
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chubb
CB
|
+$555M |
| 2 |
American Electric Power
AEP
|
+$272M |
| 3 |
Ulta Beauty
ULTA
|
+$161M |
| 4 |
CVS Health
CVS
|
+$160M |
| 5 |
McDonald's
MCD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$388M |
| 2 |
Aon
AON
|
+$211M |
| 3 |
Johnson & Johnson
JNJ
|
+$209M |
| 4 |
Norfolk Southern
NSC
|
+$162M |
| 5 |
Envista
NVST
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.99% |
| 2 | Financials | 14.12% |
| 3 | Healthcare | 13.38% |
| 4 | Industrials | 11.48% |
| 5 | Consumer Discretionary | 9.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Procter & Gamble
PG
$336B
| $737M | 0.93% |
5,030,766
-756,448
| -13% | -$112M |
|
27
Waste Management
WM
$90.6B
| $726M | 0.92% |
4,053,985
-425,216
| -9% | -$71.3M |
|
|
MRSH
28
Marsh
MRSH
$90.5B
| $710M | 0.9% |
3,748,923
-13,031
| -0.3% | -$2.52M |
|
29
Amphenol
APH
$198B
| $706M | 0.89% |
14,234,042
+197,948
| +1% | +$8.74M |
|
|
30
Chubb
CB
$135B
| $697M | 0.88% |
3,085,882
+2,539,326
| +465% | +$555M |
|
31
Coca-Cola
KO
$377B
| $652M | 0.82% |
11,059,932
-1,451,282
| -12% | -$82.4M |
|
32
Apple
AAPL
$4.54T
| $646M | 0.82% |
3,353,903
+97,837
| +3% | +$18.1M |
|
|
33
American Electric Power
AEP
$69.6B
| $634M | 0.8% |
7,809,612
+3,498,183
| +81% | +$272M |
|
34
Alphabet (Google) Class C
GOOG
$4.36T
| $609M | 0.77% |
4,323,754
-424,714
| -9% | -$57.6M |
|
35
Adobe
ADBE
$99.5B
| $592M | 0.75% |
992,760
+25,066
| +3% | +$14.5M |
|
36
Zoetis
ZTS
$32.4B
| $563M | 0.71% |
2,850,242
+45,984
| +2% | +$8.14M |
|
37
TSMC
TSM
$2.1T
| $544M | 0.69% |
5,228,717
+295,881
| +6% | +$28.2M |
|
38
Exelon
EXC
$47.2B
| $533M | 0.67% |
14,840,870
+12,050
| +0.1% | +$464K |
|
39
S&P Global
SPGI
$121B
| $526M | 0.67% |
1,193,681
+8,374
| +0.7% | +$3.3M |
|
|
40
CVS Health
CVS
$133B
| $519M | 0.66% |
6,574,342
+2,244,994
| +52% | +$160M |
|
41
Boston Scientific
BSX
$69.5B
| $510M | 0.65% |
8,828,248
-78,889
| -0.9% | -$4.21M |
|
42
Medtronic
MDT
$109B
| $478M | 0.6% |
5,802,707
+439,004
| +8% | +$33.5M |
|
43
Estee Lauder
EL
$30.4B
| $473M | 0.6% |
3,232,746
-488,126
| -13% | -$64.8M |
|
44
NVIDIA
NVDA
$4.86T
| $472M | 0.6% |
9,538,060
+216,510
| +2% | +$10M |
|
45
Home Depot
HD
$331B
| $470M | 0.59% |
1,356,509
-47,166
| -3% | -$14.6M |
|
|
SCHW
46
Charles Schwab
SCHW
$183B
| $462M | 0.58% |
6,708,461
-538,874
| -7% | -$31.1M |
|
47
Salesforce
CRM
$151B
| $455M | 0.58% |
1,728,509
-236,669
| -12% | -$53.6M |
|
48
Cisco
CSCO
$457B
| $451M | 0.57% |
8,928,653
-1,497,527
| -14% | -$76.5M |
|
49
Avery Dennison
AVY
$13B
| $426M | 0.54% |
2,108,608
-97,758
| -4% | -$18.3M |
|
50
Sysco
SYY
$40.8B
| $421M | 0.53% |
5,759,586
-40,414
| -0.7% | -$2.79M |
|
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QCM
Lazard Asset Management's Q4 2023 Portfolio in Review
As of Q4 2023, Lazard Asset Management held 2,559 positions worth $79B, up 7.5% from $73.5B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $7.01B in Q4 2023, closing 260 positions and reducing 832 holdings. Its most notable exit was VMware, Inc, an estimated $34.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Lazard Asset Management opened a new position in Dentsply Sirona worth $141M.
- Lazard Asset Management's largest Q4 2023 buy was Dentsply Sirona: 3,954,444 shares worth $141M.
- Lazard Asset Management added most to Chubb in Q4 2023, an estimated $555M increase.
- Lazard Asset Management's biggest Q4 2023 reduction was Meta Platforms (Facebook), cutting an estimated $388M.
- Lazard Asset Management fully exited VMware, Inc in Q4 2023, selling an estimated $34.5M.
- Lazard Asset Management's ten largest holdings make up 24% of its $79B portfolio in Q4 2023.
- Lazard Asset Management opened 284 new positions and closed 260 in Q4 2023.
- Lazard Asset Management's portfolio value rose 7.5% quarter-over-quarter to $79B.
Based on Lazard Asset Management's 13F filing for Q4 2023, filed 14 Feb 2024.