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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
+305.76%
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 | |
|---|---|---|---|---|---|---|
601
Vestis
VSTS
$1.83B
| $3.43M | ﹤0.01% |
+162,114
| New | +$2.78M |
|
602
Enact Holdings
ACT
$6.79B
| $3.42M | ﹤0.01% |
118,561
+75,700
| +177% | +$2.11M |
|
603
WD-40
WDFC
$3.1B
| $3.41M | ﹤0.01% |
+14,287
| New | +$3.19M |
|
604
M&T Bank
MTB
$36.1B
| $3.4M | ﹤0.01% |
24,842
+19,097
| +332% | +$2.4M |
|
605
10x Genomics
TXG
$5.79B
| $3.39M | ﹤0.01% |
60,568
-1,743
| -3% | -$75.8K |
|
606
Martin Marietta Materials
MLM
$32.3B
| $3.37M | ﹤0.01% |
6,747
-802
| -11% | -$362K |
|
607
Rollins
ROL
$17.7B
| $3.36M | ﹤0.01% |
76,901
-35,416
| -32% | -$1.38M |
|
608
Etsy
ETSY
$7.81B
| $3.36M | ﹤0.01% |
+41,424
| New | +$2.96M |
|
609
KraneShares CSI China Internet ETF
KWEB
$5.62B
| $3.3M | ﹤0.01% |
+122,190
| New | +$3.31M |
|
610
Clearway Energy Class C
CWEN
$5.12B
| $3.25M | ﹤0.01% |
118,347
-713,337
| -86% | -$16.7M |
|
611
Tyler Technologies
TYL
$12.5B
| $3.22M | ﹤0.01% |
7,709
-2,481
| -24% | -$992K |
|
|
JNPR
612
DELISTED
Juniper Networks
JNPR
| $3.21M | ﹤0.01% |
108,965
+99,648
| +1,070% | +$2.74M |
|
613
Ross Stores
ROST
$81.6B
| $3.19M | ﹤0.01% |
23,024
-10
| -0% | -$1.25K |
|
614
Vanguard Short-Term Bond ETF
BSV
$44.6B
| – | – |
0
| – | – |
|
|
NVRO
615
DELISTED
NEVRO CORP.
NVRO
| $3.14M | ﹤0.01% |
145,819
-12,823
| -8% | -$229K |
|
|
DVAX
616
DELISTED
Dynavax Technologies
DVAX
| $3.13M | ﹤0.01% |
223,802
-84,991
| -28% | -$1.18M |
|
617
Neogen
NEOG
$2.46B
| $3.12M | ﹤0.01% |
155,352
+12,766
| +9% | +$216K |
|
618
Haemonetics
HAE
$3.86B
| $3.12M | ﹤0.01% |
36,456
-2,082
| -5% | -$180K |
|
619
Intellia Therapeutics
NTLA
$1.57B
| $3.12M | ﹤0.01% |
102,233
-3,917
| -4% | -$113K |
|
620
CME Group
CME
$95B
| $3.11M | ﹤0.01% |
14,782
-3,213
| -18% | -$686K |
|
621
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.51B
| $3.11M | ﹤0.01% |
+65,081
| New | +$2.87M |
|
622
Cirrus Logic
CRUS
$6.23B
| $3.11M | ﹤0.01% |
37,384
-2,741
| -7% | -$205K |
|
623
iShares Expanded Tech-Software Sector ETF
IGV
$14.1B
| $3.09M | ﹤0.01% |
38,050
-3,435
| -8% | -$254K |
|
624
Lamb Weston
LW
$7.16B
| $3.08M | ﹤0.01% |
28,513
-25,288
| -47% | -$2.44M |
|
625
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.58B
| $3.03M | ﹤0.01% |
126,618
-3,256
| -3% | -$80.4K |
|
Similar funds
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.