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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
+9.28%
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
$71.1B
AUM Growth
+$6.09B
(+9.4%)
Cap. Flow
-$4.22B
Cap. Flow
% of AUM
-5.93%
Top 10 Holdings %
Top 10 Hldgs %
23.52%
Holding
1,818
New
187
Increased
438
Reduced
581
Closed
216
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Consolidated Edison
ED
|
+$478M |
| 2 |
Dollar Tree
DLTR
|
+$318M |
| 3 |
Waste Management
WM
|
+$223M |
| 4 |
American Express
AXP
|
+$223M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$202M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$554M |
| 2 |
Apple
AAPL
|
+$510M |
| 3 |
Union Pacific
UNP
|
+$421M |
| 4 |
Lowe's Companies
LOW
|
+$368M |
| 5 |
CSX Corp
CSX
|
+$284M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.24% |
| 2 | Healthcare | 15.36% |
| 3 | Financials | 11.94% |
| 4 | Consumer Discretionary | 9.91% |
| 5 | Industrials | 9.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
America Movil
AMX
$76B
| $363M | 0.51% |
29,034,685
-1,488,105
| -5% | -$18.9M |
|
52
Skyworks Solutions
SWKS
$9.64B
| $353M | 0.5% |
2,422,833
-247,667
| -9% | -$34.4M |
|
53
Baxter International
BAX
$14.3B
| $347M | 0.49% |
4,320,117
-259,374
| -6% | -$21.8M |
|
54
PepsiCo
PEP
$188B
| $340M | 0.48% |
2,453,648
+1,302,893
| +113% | +$177M |
|
|
CHL
55
DELISTED
China Mobile Limited
CHL
| $338M | 0.47% |
10,500,022
-247,126
| -2% | -$8.67M |
|
56
Boston Scientific
BSX
$70.1B
| $330M | 0.46% |
8,635,826
+2,856,714
| +49% | +$110M |
|
57
ConocoPhillips
COP
$142B
| $326M | 0.46% |
9,919,834
-1,042,872
| -10% | -$39.5M |
|
58
Southwest Gas
SWX
$6.39B
| $319M | 0.45% |
5,052,435
+1,654,361
| +49% | +$111M |
|
59
Ross Stores
ROST
$80.9B
| $307M | 0.43% |
3,287,520
+35,622
| +1% | +$3.2M |
|
60
Armstrong World Industries
AWI
$7.62B
| $294M | 0.41% |
4,275,055
-113,689
| -3% | -$8.32M |
|
61
Telkom Indonesia
TLK
$15.1B
| $294M | 0.41% |
16,931,014
-1,057,410
| -6% | -$21.2M |
|
62
HDFC Bank
HDB
$123B
| $284M | 0.4% |
11,385,478
+1,698,308
| +18% | +$41.2M |
|
63
NVIDIA
NVDA
$5.13T
| $272M | 0.38% |
20,070,880
-3,851,720
| -16% | -$44.8M |
|
64
Labcorp
LH
$24.6B
| $265M | 0.37% |
1,638,470
+219,807
| +15% | +$34.8M |
|
65
Avery Dennison
AVY
$13B
| $263M | 0.37% |
2,059,137
+318,975
| +18% | +$37.6M |
|
66
Applied Materials
AMAT
$428B
| $261M | 0.37% |
4,397,331
+1,775,065
| +68% | +$110M |
|
67
Baidu
BIDU
$38.4B
| $260M | 0.37% |
2,057,796
+2,966
| +0.1% | +$368K |
|
|
MBT
68
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $259M | 0.36% |
29,701,019
-1,328,567
| -4% | -$12.1M |
|
69
Verizon
VZ
$194B
| $255M | 0.36% |
4,293,085
+1,382,684
| +48% | +$80.3M |
|
70
Salesforce
CRM
$153B
| $254M | 0.36% |
1,011,613
-15,517
| -2% | -$3.4M |
|
71
Meta Platforms (Facebook)
META
$1.48T
| $249M | 0.35% |
949,357
+148,867
| +19% | +$38.4M |
|
72
Rockwell Automation
ROK
$49.4B
| $247M | 0.35% |
1,119,355
+11,878
| +1% | +$2.65M |
|
73
Autohome
ATHM
$2.69B
| $246M | 0.35% |
2,566,251
+1,365,975
| +114% | +$119M |
|
74
Amphenol
APH
$206B
| $245M | 0.34% |
9,036,948
+2,633,976
| +41% | +$69.4M |
|
75
Commerce Bancshares
CBSH
$8.56B
| $241M | 0.34% |
5,739,465
-144,588
| -2% | -$6.21M |
|
Similar funds
QCM
Lazard Asset Management's Q3 2020 Portfolio in Review
As of Q3 2020, Lazard Asset Management held 1,818 positions worth $71.1B, up 9.4% from $65.1B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $4.22B in Q3 2020, closing 216 positions and reducing 581 holdings. Its most notable exit was 58.com Inc, an estimated $71.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 23% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Kingsoft Cloud Holdings worth $57.6M.
- Lazard Asset Management's largest Q3 2020 buy was Kingsoft Cloud Holdings: 1,949,052 shares worth $57.6M.
- Lazard Asset Management added most to Consolidated Edison in Q3 2020, an estimated $478M increase.
- Lazard Asset Management's biggest Q3 2020 reduction was Norfolk Southern, cutting an estimated $554M.
- Lazard Asset Management fully exited 58.com Inc in Q3 2020, selling an estimated $71.7M.
- Lazard Asset Management's ten largest holdings make up 24% of its $71.1B portfolio in Q3 2020.
- Lazard Asset Management opened 187 new positions and closed 216 in Q3 2020.
- Lazard Asset Management's portfolio value rose 9.4% quarter-over-quarter to $71.1B.
Based on Lazard Asset Management's 13F filing for Q3 2020, filed 13 Nov 2020.