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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
+13.76%
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
$61.1B
AUM Growth
+$6.8B
(+13%)
Cap. Flow
-$1.88B
Cap. Flow
% of AUM
-3.07%
Top 10 Holdings %
Top 10 Hldgs %
23.3%
Holding
1,241
New
198
Increased
365
Reduced
338
Closed
99
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intercontinental Exchange
ICE
|
+$348M |
| 2 |
Elanco Animal Health
ELAN
|
+$327M |
| 3 |
Norfolk Southern
NSC
|
+$273M |
| 4 |
FISV
Fiserv Inc
FISV
|
+$258M |
| 5 |
Medtronic
MDT
|
+$176M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PG&E
PCG
|
+$490M |
| 2 |
CHL
China Mobile Limited
CHL
|
+$445M |
| 3 |
Edison International
EIX
|
+$392M |
| 4 |
STI
SunTrust Banks, Inc.
STI
|
+$384M |
| 5 |
RTX Corp
RTX
|
+$366M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.22% |
| 2 | Healthcare | 15.06% |
| 3 | Financials | 13.35% |
| 4 | Industrials | 12.52% |
| 5 | Communication Services | 11.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
51
Elanco Animal Health
ELAN
$13.2B
| $341M | 0.56% |
+10,640,964
| New | +$327M |
|
52
Electronic Arts
EA
$52.9B
| $337M | 0.55% |
3,313,414
-1,360,663
| -29% | -$129M |
|
53
Stryker
SYK
$133B
| $315M | 0.52% |
1,595,234
-289,727
| -15% | -$52.1M |
|
54
Intuitive Surgical
ISRG
$126B
| $314M | 0.51% |
1,649,847
| – | – |
|
|
RTN
55
DELISTED
Raytheon Company
RTN
| $310M | 0.51% |
1,700,821
+329,847
| +24% | +$57.5M |
|
|
FISV
56
Fiserv Inc
FISV
$28.8B
| $308M | 0.5% |
3,493,843
+3,129,050
| +858% | +$258M |
|
57
HDFC Bank
HDB
$124B
| $295M | 0.48% |
10,188,208
+646,772
| +7% | +$16.8M |
|
58
ConocoPhillips
COP
$145B
| $289M | 0.47% |
4,335,585
+215,344
| +5% | +$14.5M |
|
59
Ross Stores
ROST
$81B
| $286M | 0.47% |
3,070,719
-686,683
| -18% | -$63M |
|
60
IQVIA
IQV
$39.1B
| $279M | 0.46% |
1,942,345
-14,362
| -0.7% | -$1.91M |
|
61
Prologis
PLD
$136B
| $279M | 0.46% |
3,880,708
+165,306
| +4% | +$11.3M |
|
62
Starbucks
SBUX
$121B
| $278M | 0.46% |
3,745,538
-208,808
| -5% | -$14.4M |
|
63
American Electric Power
AEP
$69.5B
| $278M | 0.45% |
3,318,726
-1,372,815
| -29% | -$109M |
|
64
EOG Resources
EOG
$77.5B
| $269M | 0.44% |
2,821,226
-47,271
| -2% | -$4.5M |
|
65
Ternium
TX
$9.64B
| $257M | 0.42% |
9,428,626
+803,994
| +9% | +$23.4M |
|
66
Novartis
NVS
$301B
| $243M | 0.4% |
2,818,901
+87,882
| +3% | +$7.05M |
|
67
Palo Alto Networks
PANW
$265B
| $238M | 0.39% |
5,875,944
+142,482
| +2% | +$5.28M |
|
|
AABA
68
DELISTED
Altaba Inc
AABA
| $235M | 0.38% |
3,169,072
+480,867
| +18% | +$33.1M |
|
69
Intel
INTC
$460B
| $232M | 0.38% |
4,326,185
+695,434
| +19% | +$35.3M |
|
70
Commerce Bancshares
CBSH
$8.55B
| $227M | 0.37% |
5,492,792
+195,882
| +4% | +$8.39M |
|
71
PLDT
PHI
$4.26B
| $225M | 0.37% |
10,373,368
+1,689,657
| +19% | +$38M |
|
72
Humana
HUM
$44B
| $209M | 0.34% |
785,244
+81,889
| +12% | +$23.6M |
|
73
Kennametal
KMT
$2.54B
| $207M | 0.34% |
5,622,390
+197,241
| +4% | +$7.22M |
|
74
SAP
SAP
$209B
| $204M | 0.33% |
1,765,545
+35,077
| +2% | +$3.73M |
|
75
Prudential
PUK
$38.5B
| $195M | 0.32% |
4,986,663
+479,914
| +11% | +$18.5M |
|
Similar funds
QCM
Lazard Asset Management's Q1 2019 Portfolio in Review
As of Q1 2019, Lazard Asset Management held 1,241 positions worth $61.1B, up 13% from $54.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Lazard Asset Management withdrew a net $1.88B in Q1 2019, closing 99 positions and reducing 338 holdings. Its most notable exit was PG&E, an estimated $490M position sold in full.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Elanco Animal Health worth $341M.
- Lazard Asset Management's largest Q1 2019 buy was Elanco Animal Health: 10,640,964 shares worth $341M.
- Lazard Asset Management added most to Intercontinental Exchange in Q1 2019, an estimated $348M increase.
- Lazard Asset Management's biggest Q1 2019 reduction was China Mobile Limited, cutting an estimated $445M.
- Lazard Asset Management fully exited PG&E in Q1 2019, selling an estimated $490M.
- Lazard Asset Management's ten largest holdings make up 23% of its $61.1B portfolio in Q1 2019.
- Lazard Asset Management opened 198 new positions and closed 99 in Q1 2019.
- Lazard Asset Management's portfolio value rose 13% quarter-over-quarter to $61.1B.
Based on Lazard Asset Management's 13F filing for Q1 2019, filed 13 May 2019.