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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
-9.03%
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
$41.8B
AUM Growth
-$5.88B
(-12%)
Cap. Flow
-$1.39B
Cap. Flow
% of AUM
-3.33%
Top 10 Holdings %
Top 10 Hldgs %
20.95%
Holding
1,239
New
122
Increased
360
Reduced
365
Closed
160
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$331M |
| 2 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$315M |
| 3 |
MNK
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
|
+$310M |
| 4 |
America Movil
AMX
|
+$263M |
| 5 |
Aon
AON
|
+$213M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Xerox
XRX
|
+$467M |
| 2 |
Baxter International
BAX
|
+$455M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$309M |
| 4 |
CMA
Comerica
CMA
|
+$247M |
| 5 |
Viatris
VTRS
|
+$231M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 14.91% |
| 2 | Technology | 13.9% |
| 3 | Healthcare | 13.87% |
| 4 | Financials | 13.53% |
| 5 | Industrials | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
OneMain Financial
OMF
$7.37B
| $220M | 0.53% |
5,031,555
+100,107
| +2% | +$4.69M |
|
52
American Airlines Group
AAL
$9.96B
| $218M | 0.52% |
5,607,382
+317,670
| +6% | +$13M |
|
|
APC
53
DELISTED
Anadarko Petroleum
APC
| $217M | 0.52% |
3,597,507
+136,000
| +4% | +$9.66M |
|
54
McKesson
MCK
$105B
| $215M | 0.52% |
1,164,394
-152,327
| -12% | -$32.3M |
|
|
TYC
55
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $213M | 0.51% |
6,091,678
+1,726,651
| +40% | +$66.5M |
|
56
Qualcomm
QCOM
$169B
| $212M | 0.51% |
3,939,102
+159,408
| +4% | +$9.47M |
|
57
Novartis
NVS
$301B
| $211M | 0.5% |
2,556,587
+67,287
| +3% | +$5.99M |
|
|
MNK
58
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $207M | 0.5% |
3,238,593
+3,128,843
| +2,851% | +$310M |
|
59
Ryanair
RYAAY
$30.1B
| $204M | 0.49% |
6,341,051
+257,612
| +4% | +$7.96M |
|
60
ExxonMobil
XOM
$651B
| $204M | 0.49% |
2,739,279
+535,264
| +24% | +$41.2M |
|
61
Johnson & Johnson
JNJ
$644B
| $201M | 0.48% |
2,157,523
-139,411
| -6% | -$13.5M |
|
|
SHPG
62
DELISTED
Shire pic
SHPG
| $192M | 0.46% |
936,948
-149,454
| -14% | -$35.5M |
|
|
SCHW
63
Charles Schwab
SCHW
$185B
| $192M | 0.46% |
6,728,422
-682,704
| -9% | -$21.9M |
|
64
HDFC Bank
HDB
$123B
| $191M | 0.46% |
12,526,656
-442,888
| -3% | -$6.68M |
|
65
CoreCivic
CXW
$2.98B
| $190M | 0.45% |
6,427,307
+278,080
| +5% | +$8.92M |
|
|
MON
66
DELISTED
Monsanto Co
MON
| $187M | 0.45% |
2,192,578
-82,253
| -4% | -$8.13M |
|
67
Bristol-Myers Squibb
BMY
$130B
| $187M | 0.45% |
3,160,524
-1,147,183
| -27% | -$72.8M |
|
68
Mastercard
MA
$500B
| $171M | 0.41% |
1,902,867
-69,445
| -4% | -$6.52M |
|
69
APA Corp
APA
$12.8B
| $171M | 0.41% |
4,372,260
-34,873
| -0.8% | -$1.59M |
|
|
TMX
70
DELISTED
Terminix Global Holdings, Inc.
TMX
| $170M | 0.41% |
7,573,796
-396,308
| -5% | -$9.47M |
|
71
Starbucks
SBUX
$118B
| $170M | 0.41% |
2,984,615
-149,855
| -5% | -$8.4M |
|
72
AB InBev
BUD
$163B
| $168M | 0.4% |
1,577,249
+5,127
| +0.3% | +$595K |
|
73
RTX Corp
RTX
$295B
| $162M | 0.39% |
2,889,983
-206,033
| -7% | -$12.7M |
|
|
MXIM
74
DELISTED
Maxim Integrated Products
MXIM
| $155M | 0.37% |
4,631,780
+1,164,070
| +34% | +$38.6M |
|
75
Costco
COST
$432B
| $151M | 0.36% |
1,042,296
-70,319
| -6% | -$10M |
|
Similar funds
QCM
Lazard Asset Management's Q3 2015 Portfolio in Review
As of Q3 2015, Lazard Asset Management held 1,239 positions worth $41.8B, down 12% from $47.7B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Lazard Asset Management withdrew a net $1.39B in Q3 2015, closing 160 positions and reducing 365 holdings. Its most notable exit was ADT Corp, an estimated $51.8M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 15% of assets, down from 15% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lazard Asset Management opened a new position in BAXALTA INC COM STK (DE) worth $288M.
- Lazard Asset Management's largest Q3 2015 buy was BAXALTA INC COM STK (DE): 9,135,596 shares worth $288M.
- Lazard Asset Management added most to Bank of America in Q3 2015, an estimated $331M increase.
- Lazard Asset Management's biggest Q3 2015 reduction was Xerox, cutting an estimated $467M.
- Lazard Asset Management fully exited ADT Corp in Q3 2015, selling an estimated $51.8M.
- Lazard Asset Management's ten largest holdings make up 21% of its $41.8B portfolio in Q3 2015.
- Lazard Asset Management opened 122 new positions and closed 160 in Q3 2015.
- Lazard Asset Management's portfolio value fell 12% quarter-over-quarter to $41.8B.
Based on Lazard Asset Management's 13F filing for Q3 2015, filed 13 Nov 2015.