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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
+6.48%
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
$76.3B
AUM Growth
+$3.71B
(+5.1%)
Cap. Flow
-$8.32B
Cap. Flow
% of AUM
-10.91%
Top 10 Holdings %
Top 10 Hldgs %
21.64%
Holding
2,644
New
223
Increased
746
Reduced
756
Closed
309
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$315M |
| 2 |
UnitedHealth
UNH
|
+$251M |
| 3 |
Union Pacific
UNP
|
+$248M |
| 4 |
Chevron
CVX
|
+$165M |
| 5 |
CYBR
CyberArk
CYBR
|
+$161M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Analog Devices
ADI
|
+$252M |
| 2 |
Aon
AON
|
+$184M |
| 3 |
Meta Platforms (Facebook)
META
|
+$160M |
| 4 |
PNC Financial Services
PNC
|
+$156M |
| 5 |
PayPal
PYPL
|
+$127M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.85% |
| 2 | Healthcare | 13.57% |
| 3 | Financials | 12.91% |
| 4 | Industrials | 11.58% |
| 5 | Consumer Discretionary | 8.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Mondelez International
MDLZ
$78.8B
| $388M | 0.51% |
5,565,464
+10,798
| +0.2% | +$715K |
|
52
Dollar General
DG
$28.2B
| $383M | 0.5% |
1,818,298
-133,768
| -7% | -$30M |
|
53
NVIDIA
NVDA
$5.01T
| $378M | 0.5% |
13,600,400
-81,070
| -0.6% | -$1.75M |
|
54
Envista
NVST
$4.45B
| $373M | 0.49% |
9,125,161
-1,517,356
| -14% | -$57.7M |
|
55
Adobe
ADBE
$99.9B
| $362M | 0.47% |
938,509
-311,315
| -25% | -$111M |
|
56
Consolidated Edison
ED
$39.8B
| $350M | 0.46% |
3,661,250
-291,300
| -7% | -$27.3M |
|
57
Alibaba
BABA
$305B
| $337M | 0.44% |
3,301,104
+1,017,845
| +45% | +$102M |
|
58
Rockwell Automation
ROK
$53.5B
| $333M | 0.44% |
1,135,499
-18,620
| -2% | -$5.3M |
|
59
Aptiv
APTV
$12.1B
| $331M | 0.43% |
2,946,104
-86,576
| -3% | -$9.56M |
|
60
Exelon
EXC
$47B
| $312M | 0.41% |
7,448,607
-78,152
| -1% | -$3.26M |
|
|
61
PNC Financial Services
PNC
$100B
| $305M | 0.4% |
2,400,754
-1,034,005
| -30% | -$156M |
|
62
Skyworks Solutions
SWKS
$9.22B
| $301M | 0.39% |
2,552,889
-733,004
| -22% | -$81.2M |
|
63
Avery Dennison
AVY
$13.2B
| $299M | 0.39% |
1,672,831
-373,176
| -18% | -$67.8M |
|
64
Caterpillar
CAT
$382B
| $299M | 0.39% |
1,304,939
+72,321
| +6% | +$17.5M |
|
65
Crown Castle
CCI
$33.5B
| $290M | 0.38% |
2,168,521
-132,804
| -6% | -$18.4M |
|
|
FISV
66
Fiserv Inc
FISV
$29B
| $289M | 0.38% |
2,556,557
-881,542
| -26% | -$97M |
|
67
Commerce Bancshares
CBSH
$8.59B
| $288M | 0.38% |
5,714,772
-338,188
| -6% | -$18.9M |
|
68
VeriSign
VRSN
$27B
| $283M | 0.37% |
1,337,042
+130,777
| +11% | +$27M |
|
69
Telkom Indonesia
TLK
$15B
| $282M | 0.37% |
10,349,150
+78,558
| +0.8% | +$2.02M |
|
70
Petrobras
PBR
$123B
| $278M | 0.36% |
26,638,965
-1,864,272
| -7% | -$20.3M |
|
71
HDFC Bank
HDB
$124B
| $274M | 0.36% |
8,222,282
-275,638
| -3% | -$9.21M |
|
72
Verisk Analytics
VRSK
$25.1B
| $274M | 0.36% |
1,426,225
+221,068
| +18% | +$40M |
|
73
Otis Worldwide
OTIS
$27.5B
| $272M | 0.36% |
3,225,836
-198,156
| -6% | -$16.4M |
|
74
HEICO Corp
HEI
$50.4B
| $271M | 0.35% |
1,581,515
+218,358
| +16% | +$36.8M |
|
75
Synopsys
SNPS
$75.1B
| $268M | 0.35% |
693,666
-22,788
| -3% | -$8.14M |
|
Similar funds
QCM
Lazard Asset Management's Q1 2023 Portfolio in Review
As of Q1 2023, Lazard Asset Management held 2,644 positions worth $76.3B, up 5.1% from $72.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Lazard Asset Management withdrew a net $8.32B in Q1 2023, closing 309 positions and reducing 756 holdings. Its most notable exit was Linde, an estimated $56.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Fomento Económico Mexicano worth $11.2M.
- Lazard Asset Management's largest Q1 2023 buy was Fomento Económico Mexicano: 117,338 shares worth $11.2M.
- Lazard Asset Management added most to Norfolk Southern in Q1 2023, an estimated $315M increase.
- Lazard Asset Management's biggest Q1 2023 reduction was Analog Devices, cutting an estimated $252M.
- Lazard Asset Management fully exited Linde in Q1 2023, selling an estimated $56.6M.
- Lazard Asset Management's ten largest holdings make up 22% of its $76.3B portfolio in Q1 2023.
- Lazard Asset Management opened 223 new positions and closed 309 in Q1 2023.
- Lazard Asset Management's portfolio value rose 5.1% quarter-over-quarter to $76.3B.
Based on Lazard Asset Management's 13F filing for Q1 2023, filed 15 May 2023.