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Lazard Asset Management

Lazard Asset Management Portfolio holdings

AUM $60.8B
1-Year Est. Return 22.47%
This Fund
S&P 500
This Quarter Est. Return
+8.56%
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
$82.3B
AUM Growth
+$3.23B
Cap. Flow
-$7.73B
Cap. Flow %
-9.4%
Top 10 Hldgs %
24.03%
Holding
2,474
New
201
Increased
562
Reduced
953
Closed
424

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$983M
2
EXC icon
Exelon
EXC
+$595M
3
AVGO icon
Broadcom
AVGO
+$486M
4
CRH icon
CRH
CRH
+$387M
5
MRVL icon
Marvell Technology
MRVL
+$274M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$795M
2
NSC icon
Norfolk Southern
NSC
+$559M
3
PPL
PPL Corp
PPL
+$355M
4
UNP icon
Union Pacific
UNP
+$328M
5
CSCO icon
Cisco
CSCO
+$283M

Sector Composition

Rank Sector Weight
1 Technology 23.45%
2 Financials 14.25%
3 Healthcare 13.09%
4 Industrials 10.08%
5 Consumer Discretionary 9.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EL icon
51
Estee Lauder
EL
$30.6B
$416M 0.51%
2,698,724
-534,022
-17% -$75.8M
SPGI icon
52
S&P Global
SPGI
$123B
$415M 0.5%
975,597
-218,084
-18% -$94.5M
SYY icon
53
Sysco
SYY
$40.7B
$394M 0.48%
4,851,321
-908,265
-16% -$71.6M
CAT icon
54
Caterpillar
CAT
$382B
$391M 0.48%
1,068,019
-41,562
-4% -$13.3M
CRM icon
55
Salesforce
CRM
$152B
$388M 0.47%
1,287,164
-441,345
-26% -$127M
LH icon
56
Labcorp
LH
$24.9B
$372M 0.45%
1,701,126
-119,846
-7% -$26.4M
DIS icon
57
Walt Disney
DIS
$170B
$364M 0.44%
2,974,234
-175,236
-6% -$18.3M
HEI icon
58
HEICO Corp
HEI
$50.4B
$320M 0.39%
1,673,052
-21,636
-1% -$4.02M
NKE icon
59
Nike
NKE
$63.3B
$301M 0.37%
3,200,886
+233,910
+8% +$23.8M
GS icon
60
Goldman Sachs
GS
$303B
$299M 0.36%
716,441
+6,222
+0.9% +$2.41M
BABA icon
61
Alibaba
BABA
$305B
$294M 0.36%
4,068,380
-85,034
-2% -$6.23M
MDLZ icon
62
Mondelez International
MDLZ
$78.8B
$287M 0.35%
4,105,273
-46,724
-1% -$3.41M
META icon
63
Meta Platforms (Facebook)
META
$1.5T
$287M 0.35%
590,659
-39,003
-6% -$17.4M
PBR icon
64
Petrobras
PBR
$123B
$285M 0.35%
18,722,557
-4,298,228
-19% -$69.9M
MRVL icon
65
Marvell Technology
MRVL
$174B
$284M 0.34%
4,001,745
+3,993,414
+47,934% +$274M
ISRG icon
66
Intuitive Surgical
ISRG
$133B
$280M 0.34%
700,438
-23,848
-3% -$9.01M
HDB icon
67
HDFC Bank
HDB
$124B
$271M 0.33%
9,699,836
-372,678
-4% -$10.6M
TLK icon
68
Telkom Indonesia
TLK
$15B
$269M 0.33%
12,101,146
-51,462
-0.4% -$1.3M
NDSN icon
69
Nordson
NDSN
$16.9B
$259M 0.31%
942,540
+88,966
+10% +$23.2M
OMC icon
70
Omnicom Group
OMC
$21.7B
$250M 0.3%
2,578,575
-43,964
-2% -$3.95M
BX icon
71
Blackstone
BX
$108B
$247M 0.3%
1,883,409
+1,873,573
+19,048% +$234M
WIX icon
72
WIX.com
WIX
$2.38B
$246M 0.3%
1,786,413
+1,264,081
+242% +$166M
HRB icon
73
H&R Block
HRB
$5.73B
$241M 0.29%
4,899,439
+161,604
+3% +$7.68M
ASX icon
74
ASE Group
ASX
$80.7B
$234M 0.28%
21,308,753
+584,333
+3% +$5.73M
FISV
75
Fiserv Inc
FISV
$29B
$234M 0.28%
1,465,102
-51,743
-3% -$7.54M
1 2
3
4 5

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Lazard Asset Management's Q1 2024 Portfolio in Review

As of Q1 2024, Lazard Asset Management held 2,474 positions worth $82.3B, up 4.1% from $79B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Lazard Asset Management withdrew a net $7.73B in Q1 2024, closing 424 positions and reducing 953 holdings. Its most notable exit was PPL Corp, an estimated $355M position sold in full.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 21% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Lazard Asset Management opened a new position in GMO US Quality ETF worth $10.8M.

  • Lazard Asset Management's largest Q1 2024 buy was GMO US Quality ETF: 362,290 shares worth $10.8M.
  • Lazard Asset Management added most to Apple in Q1 2024, an estimated $983M increase.
  • Lazard Asset Management's biggest Q1 2024 reduction was Alphabet (Google) Class A, cutting an estimated $795M.
  • Lazard Asset Management fully exited PPL Corp in Q1 2024, selling an estimated $355M.
  • Lazard Asset Management's ten largest holdings make up 24% of its $82.3B portfolio in Q1 2024.
  • Lazard Asset Management opened 201 new positions and closed 424 in Q1 2024.
  • Lazard Asset Management's portfolio value rose 4.1% quarter-over-quarter to $82.3B.

Based on Lazard Asset Management's 13F filing for Q1 2024, filed 14 May 2024.