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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
+9.6%
1 Year Est. Return
+22.47%
3 Year Est. Return
+62.53%
5 Year Est. Return
+77.87%
10 Year Est. Return
+305.76%
AUM
$72.7B
AUM Growth
+$7.54B
(+12%)
Cap. Flow
-$3.34B
Cap. Flow
% of AUM
-4.6%
Top 10 Holdings %
Top 10 Hldgs %
23.55%
Holding
2,585
New
253
Increased
940
Reduced
728
Closed
298
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Crown Castle
CCI
|
+$536M |
| 2 |
Procter & Gamble
PG
|
+$358M |
| 3 |
CSX Corp
CSX
|
+$303M |
| 4 |
NVIDIA
NVDA
|
+$186M |
| 5 |
Eli Lilly
LLY
|
+$185M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NetEase
NTES
|
+$370M |
| 2 |
American Electric Power
AEP
|
+$338M |
| 3 |
Alibaba
BABA
|
+$322M |
| 4 |
Prologis
PLD
|
+$307M |
| 5 |
HEICO Corp
HEI
|
+$287M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.03% |
| 2 | Financials | 13.75% |
| 3 | Industrials | 12.1% |
| 4 | Healthcare | 10.45% |
| 5 | Consumer Discretionary | 7.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Accenture
ACN
$108B
| $624M | 0.86% |
2,088,086
+123,579
| +6% | +$37.6M |
|
27
Coca-Cola
KO
$375B
| $602M | 0.83% |
8,512,531
-444,539
| -5% | -$31.7M |
|
28
Waste Management
WM
$91B
| $576M | 0.79% |
2,516,030
-526,407
| -17% | -$122M |
|
29
Blackstone
BX
$110B
| $569M | 0.78% |
3,803,344
+919,773
| +32% | +$126M |
|
|
MRSH
30
Marsh
MRSH
$91.5B
| $567M | 0.78% |
2,593,291
+254,912
| +11% | +$57.5M |
|
|
31
Crown Castle
CCI
$32.2B
| $562M | 0.77% |
5,472,810
+5,299,155
| +3,052% | +$536M |
|
32
Marvell Technology
MRVL
$196B
| $554M | 0.76% |
7,156,057
-164,198
| -2% | -$10.2M |
|
33
Merck
MRK
$318B
| $523M | 0.72% |
6,609,067
+1,590,438
| +32% | +$126M |
|
34
Qualcomm
QCOM
$176B
| $520M | 0.72% |
3,262,904
+509,190
| +18% | +$75M |
|
35
McDonald's
MCD
$195B
| $511M | 0.7% |
1,749,348
+50,833
| +3% | +$15.7M |
|
36
Trane Technologies
TT
$106B
| $497M | 0.68% |
1,135,906
+325,853
| +40% | +$129M |
|
37
Chubb
CB
$135B
| $491M | 0.68% |
1,694,857
+202,691
| +14% | +$58.3M |
|
38
Equifax
EFX
$21.4B
| $448M | 0.62% |
1,726,990
+140,427
| +9% | +$35.7M |
|
39
Home Depot
HD
$355B
| $448M | 0.62% |
1,220,640
+168,889
| +16% | +$61.1M |
|
40
Medtronic
MDT
$112B
| $440M | 0.61% |
5,044,193
+377,068
| +8% | +$32M |
|
41
HDFC Bank
HDB
$121B
| $424M | 0.58% |
11,047,924
+2,004,788
| +22% | +$72.7M |
|
42
Zoetis
ZTS
$30B
| $421M | 0.58% |
2,701,905
+94,352
| +4% | +$15M |
|
43
Jacobs Solutions
J
$17B
| $418M | 0.58% |
3,181,227
-158,886
| -5% | -$19.6M |
|
44
Goldman Sachs
GS
$303B
| $407M | 0.56% |
575,614
-187,503
| -25% | -$109M |
|
45
Boeing
BA
$185B
| $401M | 0.55% |
1,913,404
-184,056
| -9% | -$34.8M |
|
46
CBRE Group
CBRE
$42.9B
| $385M | 0.53% |
2,747,959
+154,067
| +6% | +$19.5M |
|
47
Alphabet (Google) Class C
GOOG
$4.32T
| $381M | 0.52% |
2,148,501
+168,311
| +8% | +$27.8M |
|
48
American Express
AXP
$230B
| $363M | 0.5% |
1,137,647
-214,055
| -16% | -$60.2M |
|
49
Salesforce
CRM
$158B
| $359M | 0.49% |
1,316,727
+54,124
| +4% | +$14.5M |
|
50
Ametek
AME
$58.2B
| $353M | 0.49% |
1,950,558
+287,304
| +17% | +$49.4M |
|
Similar funds
QCM
Lazard Asset Management's Q2 2025 Portfolio in Review
As of Q2 2025, Lazard Asset Management held 2,585 positions worth $72.7B, up 12% from $65.1B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $3.34B in Q2 2025, closing 298 positions and reducing 728 holdings. Its most notable exit was Eastman Chemical, an estimated $13.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 24% a quarter earlier, followed by Financials and Industrials.
Against the trend, Lazard Asset Management opened a new position in Arcos Dorados Holdings worth $117M.
- Lazard Asset Management's largest Q2 2025 buy was Arcos Dorados Holdings: 14,873,278 shares worth $117M.
- Lazard Asset Management added most to Crown Castle in Q2 2025, an estimated $536M increase.
- Lazard Asset Management's biggest Q2 2025 reduction was NetEase, cutting an estimated $370M.
- Lazard Asset Management fully exited Eastman Chemical in Q2 2025, selling an estimated $13.1M.
- Lazard Asset Management's ten largest holdings make up 24% of its $72.7B portfolio in Q2 2025.
- Lazard Asset Management opened 253 new positions and closed 298 in Q2 2025.
- Lazard Asset Management's portfolio value rose 12% quarter-over-quarter to $72.7B.
Based on Lazard Asset Management's 13F filing for Q2 2025, filed 14 Aug 2025.