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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
+8.81%
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
$72.6B
AUM Growth
+$4.15B
(+6.1%)
Cap. Flow
-$8.77B
Cap. Flow
% of AUM
-12.07%
Top 10 Holdings %
Top 10 Hldgs %
21.12%
Holding
2,647
New
294
Increased
759
Reduced
718
Closed
235
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chevron
CVX
|
+$418M |
| 2 |
Meta Platforms (Facebook)
META
|
+$355M |
| 3 |
Labcorp
LH
|
+$293M |
| 4 |
Exelon
EXC
|
+$265M |
| 5 |
Wells Fargo
WFC
|
+$199M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Medtronic
MDT
|
+$554M |
| 2 |
ConocoPhillips
COP
|
+$350M |
| 3 |
Texas Instruments
TXN
|
+$274M |
| 4 |
Lowe's Companies
LOW
|
+$265M |
| 5 |
Cisco
CSCO
|
+$245M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.23% |
| 2 | Financials | 14.51% |
| 3 | Healthcare | 14.22% |
| 4 | Industrials | 11.72% |
| 5 | Consumer Discretionary | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Consolidated Edison
ED
$40.1B
| $377M | 0.52% |
3,952,550
-841,769
| -18% | -$76.6M |
|
52
Walt Disney
DIS
$167B
| $372M | 0.51% |
4,287,164
+1,268,031
| +42% | +$121M |
|
53
TSMC
TSM
$2.1T
| $371M | 0.51% |
4,981,243
+122,064
| +3% | +$8.83M |
|
54
Avery Dennison
AVY
$13B
| $370M | 0.51% |
2,046,007
+153,211
| +8% | +$27.3M |
|
55
Mondelez International
MDLZ
$79.5B
| $370M | 0.51% |
5,554,666
+1,462,587
| +36% | +$92.5M |
|
|
56
Labcorp
LH
$25B
| $360M | 0.5% |
1,781,706
+1,499,900
| +532% | +$293M |
|
57
Envista
NVST
$4.44B
| $358M | 0.49% |
10,642,517
+3,682,908
| +53% | +$126M |
|
58
Commerce Bancshares
CBSH
$8.53B
| $356M | 0.49% |
6,052,960
-105,986
| -2% | -$6.18M |
|
|
FISV
59
Fiserv Inc
FISV
$28.8B
| $347M | 0.48% |
3,438,099
-2,353,867
| -41% | -$234M |
|
|
60
Exelon
EXC
$47.2B
| $325M | 0.45% |
7,526,759
+6,695,474
| +805% | +$265M |
|
61
LKQ Corp
LKQ
$5.68B
| $325M | 0.45% |
6,088,626
+7,427
| +0.1% | +$393K |
|
62
Crown Castle
CCI
$33.3B
| $312M | 0.43% |
2,301,325
-126,126
| -5% | -$17.1M |
|
63
Petrobras
PBR
$125B
| $304M | 0.42% |
28,503,237
-1,144,386
| -4% | -$13.8M |
|
64
Skyworks Solutions
SWKS
$9.37B
| $299M | 0.41% |
3,285,893
+428,364
| +15% | +$38.4M |
|
65
Rockwell Automation
ROK
$53.4B
| $297M | 0.41% |
1,154,119
-17,521
| -1% | -$4.4M |
|
66
Caterpillar
CAT
$375B
| $295M | 0.41% |
1,232,618
+103,420
| +9% | +$22.5M |
|
67
ICICI Bank
IBN
$108B
| $294M | 0.4% |
13,414,586
-545,637
| -4% | -$12.2M |
|
68
HDFC Bank
HDB
$123B
| $291M | 0.4% |
8,497,920
-365,656
| -4% | -$11.9M |
|
69
Aptiv
APTV
$12B
| $282M | 0.39% |
3,032,680
+57,395
| +2% | +$5.46M |
|
70
Otis Worldwide
OTIS
$27.4B
| $268M | 0.37% |
3,423,992
-361,701
| -10% | -$26.7M |
|
71
VeriSign
VRSN
$26.2B
| $248M | 0.34% |
1,206,265
-40,642
| -3% | -$7.79M |
|
72
Telkom Indonesia
TLK
$14.5B
| $245M | 0.34% |
10,270,592
-109,791
| -1% | -$2.85M |
|
73
CVS Health
CVS
$133B
| $244M | 0.34% |
2,620,553
-166,028
| -6% | -$16M |
|
74
Electronic Arts
EA
$53B
| $231M | 0.32% |
1,887,953
+814,081
| +76% | +$102M |
|
75
Cognex
CGNX
$10.9B
| $230M | 0.32% |
4,891,408
+526,196
| +12% | +$24.7M |
|
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QCM
Lazard Asset Management's Q4 2022 Portfolio in Review
As of Q4 2022, Lazard Asset Management held 2,647 positions worth $72.6B, up 6.1% from $68.4B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Lazard Asset Management withdrew a net $8.77B in Q4 2022, closing 235 positions and reducing 718 holdings. Its most notable exit was Altra Industrial Motion Corp, an estimated $16.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 18% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Lazard Asset Management opened a new position in NextEra Energy, Inc. 6.926% Corporate Units worth $38M.
- Lazard Asset Management's largest Q4 2022 buy was NextEra Energy, Inc. 6.926% Corporate Units: 756,310 shares worth $38M.
- Lazard Asset Management added most to Chevron in Q4 2022, an estimated $418M increase.
- Lazard Asset Management's biggest Q4 2022 reduction was Medtronic, cutting an estimated $554M.
- Lazard Asset Management fully exited Altra Industrial Motion Corp in Q4 2022, selling an estimated $16.5M.
- Lazard Asset Management's ten largest holdings make up 21% of its $72.6B portfolio in Q4 2022.
- Lazard Asset Management opened 294 new positions and closed 235 in Q4 2022.
- Lazard Asset Management's portfolio value rose 6.1% quarter-over-quarter to $72.6B.
Based on Lazard Asset Management's 13F filing for Q4 2022, filed 15 Feb 2023.