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Lazard Asset Management

Lazard Asset Management Portfolio holdings

AUM $60.8B
1-Year Est. Return 22.47%
This Fund
S&P 500
This Quarter Est. Return
+7.32%
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
$74.3B
AUM Growth
+$1.61B
Cap. Flow
-$1.32B
Cap. Flow %
-1.78%
Top 10 Hldgs %
25.59%
Holding
2,417
New
206
Increased
783
Reduced
558
Closed
621

Top Buys

Rank Stock Value
1
FER icon
Ferrovial N.V. Ordinary Shares
FER
+$1.2B
2
AMT icon
American Tower
AMT
+$886M
3
CNI icon
Canadian National Railway
CNI
+$864M
4
ED icon
Consolidated Edison
ED
+$598M
5
LIN icon
Linde
LIN
+$452M

Top Sells

Rank Stock Value
1
NSC icon
Norfolk Southern
NSC
+$913M
2
AEP icon
American Electric Power
AEP
+$318M
3
WIX icon
WIX.com
WIX
+$217M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$210M
5
AON icon
Aon
AON
+$203M

Sector Composition

Rank Sector Weight
1 Technology 29.74%
2 Industrials 14.13%
3 Financials 13.78%
4 Healthcare 10.58%
5 Consumer Discretionary 8.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BX icon
26
Blackstone
BX
$102B
$617M 0.83%
3,612,663
-190,681
-5% -$32.7M
ED icon
27
Consolidated Edison
ED
$40.1B
$599M 0.81%
5,960,553
+5,955,653
+121,544% +$598M
MRK icon
28
Merck
MRK
$322B
$593M 0.8%
7,063,672
+454,605
+7% +$37.4M
AMAT icon
29
Applied Materials
AMAT
$403B
$590M 0.79%
2,883,765
-833,589
-22% -$151M
MDT icon
30
Medtronic
MDT
$109B
$572M 0.77%
6,001,342
+957,149
+19% +$88M
WM icon
31
Waste Management
WM
$90.6B
$571M 0.77%
2,586,393
+70,363
+3% +$15.8M
QCOM icon
32
Qualcomm
QCOM
$155B
$562M 0.76%
3,375,638
+112,734
+3% +$17.9M
KO icon
33
Coca-Cola
KO
$377B
$558M 0.75%
8,407,620
-104,911
-1% -$7.22M
MRSH
34
Marsh
MRSH
$90.5B
$557M 0.75%
2,763,189
+169,898
+7% +$34.9M
MRVL icon
35
Marvell Technology
MRVL
$168B
$537M 0.72%
6,392,013
-764,044
-11% -$56.2M
CB icon
36
Chubb
CB
$135B
$513M 0.69%
1,818,295
+123,438
+7% +$34M
ACN icon
37
Accenture
ACN
$102B
$511M 0.69%
2,073,651
-14,435
-0.7% -$3.76M
CCI icon
38
Crown Castle
CCI
$33.3B
$501M 0.67%
5,189,880
-282,930
-5% -$28.6M
MCD icon
39
McDonald's
MCD
$192B
$501M 0.67%
1,647,378
-101,970
-6% -$31M
AME icon
40
Ametek
AME
$55.4B
$497M 0.67%
2,645,977
+695,419
+36% +$128M
ROK icon
41
Rockwell Automation
ROK
$53.4B
$495M 0.67%
1,416,876
-575,144
-29% -$199M
HD icon
42
Home Depot
HD
$331B
$488M 0.66%
1,205,438
-15,202
-1% -$5.98M
GS icon
43
Goldman Sachs
GS
$300B
$479M 0.65%
607,201
+31,587
+5% +$23.4M
TT icon
44
Trane Technologies
TT
$100B
$467M 0.63%
1,106,999
-28,907
-3% -$12.4M
J icon
45
Jacobs Solutions
J
$15.9B
$464M 0.62%
3,096,748
-84,479
-3% -$12.1M
LIN icon
46
Linde
LIN
$221B
$453M 0.61%
+954,064
New +$452M
AON icon
47
Aon
AON
$76.5B
$449M 0.61%
1,260,420
-562,466
-31% -$203M
EFX icon
48
Equifax
EFX
$20.3B
$446M 0.6%
1,736,731
+9,741
+0.6% +$2.45M
CBRE icon
49
CBRE Group
CBRE
$42.5B
$413M 0.56%
2,624,142
-123,817
-5% -$19.2M
META icon
50
Meta Platforms (Facebook)
META
$1.42T
$400M 0.54%
545,000
+104,530
+24% +$77.8M
1
2
3 4 5

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Lazard Asset Management's Q3 2025 Portfolio in Review

As of Q3 2025, Lazard Asset Management held 2,417 positions worth $74.3B, up 2.2% from $72.7B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Lazard Asset Management's Q3 2025 filing shows 206 new, 783 increased, 558 reduced and 621 closed positions. Its largest new stake was Linde: 954,064 shares worth $453M. The largest sale was Norfolk Southern, an estimated $913M.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Industrials and Financials.

  • Lazard Asset Management's largest Q3 2025 buy was Linde: 954,064 shares worth $453M.
  • Lazard Asset Management added most to Ferrovial N.V. Ordinary Shares in Q3 2025, an estimated $1.2B increase.
  • Lazard Asset Management's biggest Q3 2025 reduction was Norfolk Southern, cutting an estimated $913M.
  • Lazard Asset Management fully exited Eversource Energy in Q3 2025, selling an estimated $171M.
  • Lazard Asset Management's ten largest holdings make up 26% of its $74.3B portfolio in Q3 2025.
  • Lazard Asset Management opened 206 new positions and closed 621 in Q3 2025.
  • Lazard Asset Management's portfolio value rose 2.2% quarter-over-quarter to $74.3B.

Based on Lazard Asset Management's 13F filing for Q3 2025, filed 14 Nov 2025.