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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
-3.24%
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
$73.5B
AUM Growth
-$7.73B
(-9.5%)
Cap. Flow
-$10.4B
Cap. Flow
% of AUM
-14.12%
Top 10 Holdings %
Top 10 Hldgs %
24.14%
Holding
2,549
New
227
Increased
861
Reduced
712
Closed
243
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPL
PPL Corp
PPL
|
+$301M |
| 2 |
Estee Lauder
EL
|
+$252M |
| 3 |
Boeing
BA
|
+$251M |
| 4 |
Kenvue
KVUE
|
+$174M |
| 5 |
Fidelity National Information Services
FIS
|
+$166M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$547M |
| 2 |
Union Pacific
UNP
|
+$459M |
| 3 |
Pinnacle West Capital
PNW
|
+$203M |
| 4 |
Wells Fargo
WFC
|
+$199M |
| 5 |
Bank of America
BAC
|
+$199M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.75% |
| 2 | Healthcare | 13.74% |
| 3 | Financials | 13.36% |
| 4 | Industrials | 11.58% |
| 5 | Consumer Discretionary | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Petrobras
PBR
$123B
| $347M | 0.47% |
23,173,157
-6,048,135
| -21% | -$86M |
|
|
52
Wells Fargo
WFC
$264B
| $345M | 0.47% |
8,438,349
-4,616,091
| -35% | -$199M |
|
53
Rockwell Automation
ROK
$53.9B
| $328M | 0.45% |
1,148,414
-2,519
| -0.2% | -$779K |
|
54
American Electric Power
AEP
$69.8B
| $324M | 0.44% |
4,311,429
+660,599
| +18% | +$53.8M |
|
|
55
Union Pacific
UNP
$173B
| $312M | 0.43% |
1,534,323
-2,109,845
| -58% | -$459M |
|
56
CVS Health
CVS
$134B
| $302M | 0.41% |
4,329,348
+336,646
| +8% | +$23.9M |
|
57
Aptiv
APTV
$12.1B
| $298M | 0.4% |
3,017,928
+12,435
| +0.4% | +$1.29M |
|
58
Nike
NKE
$63B
| $294M | 0.4% |
3,079,009
-164,055
| -5% | -$16.9M |
|
59
Mondelez International
MDLZ
$79.4B
| $292M | 0.4% |
4,213,577
-117,444
| -3% | -$8.46M |
|
60
HDFC Bank
HDB
$124B
| $287M | 0.39% |
9,716,924
-76,242
| -0.8% | -$2.48M |
|
|
61
Pinnacle West Capital
PNW
$12.2B
| $284M | 0.39% |
3,855,631
-2,563,510
| -40% | -$203M |
|
62
HEICO Corp
HEI
$50.9B
| $279M | 0.38% |
1,723,066
-31,767
| -2% | -$5.39M |
|
63
Synopsys
SNPS
$74.4B
| $277M | 0.38% |
603,666
+1,527
| +0.3% | +$683K |
|
64
Alibaba
BABA
$307B
| $277M | 0.38% |
3,192,202
-419,615
| -12% | -$38.4M |
|
|
PPL
65
PPL Corp
PPL
$26.6B
| $276M | 0.38% |
11,724,495
+11,640,696
| +13,891% | +$301M |
|
66
H&R Block
HRB
$5.73B
| $273M | 0.37% |
6,331,001
-291,013
| -4% | -$10.7M |
|
67
ICICI Bank
IBN
$108B
| $265M | 0.36% |
11,477,329
-1,498,514
| -12% | -$35.3M |
|
68
Walt Disney
DIS
$170B
| $256M | 0.35% |
3,156,693
-921,361
| -23% | -$78.7M |
|
|
PXD
69
DELISTED
Pioneer Natural Resource Co.
PXD
| $253M | 0.34% |
1,102,800
-28,365
| -3% | -$6.46M |
|
70
Intuitive Surgical
ISRG
$133B
| $240M | 0.33% |
820,440
-19,268
| -2% | -$6.02M |
|
71
Cognex
CGNX
$11B
| $235M | 0.32% |
5,536,355
+837,487
| +18% | +$41.2M |
|
72
Telkom Indonesia
TLK
$15B
| $233M | 0.32% |
9,650,301
-1,549,349
| -14% | -$38.4M |
|
73
eBay
EBAY
$49.1B
| $229M | 0.31% |
5,203,732
+343,771
| +7% | +$15.3M |
|
74
Omnicom Group
OMC
$22.1B
| $226M | 0.31% |
3,032,265
+1,503,249
| +98% | +$124M |
|
|
75
Boeing
BA
$180B
| $223M | 0.3% |
1,161,461
+1,148,643
| +8,961% | +$251M |
|
Similar funds
QCM
Lazard Asset Management's Q3 2023 Portfolio in Review
As of Q3 2023, Lazard Asset Management held 2,549 positions worth $73.5B, down 9.5% from $81.2B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $10.4B in Q3 2023, closing 243 positions and reducing 712 holdings. Its most notable exit was Littelfuse, an estimated $24.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in ScottsMiracle-Gro worth $28.3M.
- Lazard Asset Management's largest Q3 2023 buy was ScottsMiracle-Gro: 548,310 shares worth $28.3M.
- Lazard Asset Management added most to PPL Corp in Q3 2023, an estimated $301M increase.
- Lazard Asset Management's biggest Q3 2023 reduction was Johnson & Johnson, cutting an estimated $547M.
- Lazard Asset Management fully exited Littelfuse in Q3 2023, selling an estimated $24.3M.
- Lazard Asset Management's ten largest holdings make up 24% of its $73.5B portfolio in Q3 2023.
- Lazard Asset Management opened 227 new positions and closed 243 in Q3 2023.
- Lazard Asset Management's portfolio value fell 9.5% quarter-over-quarter to $73.5B.
Based on Lazard Asset Management's 13F filing for Q3 2023, filed 14 Nov 2023.