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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
+1.92%
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
$79.7B
AUM Growth
-$2.55B
Cap. Flow
-$8.09B
Cap. Flow %
-10.15%
Top 10 Hldgs %
26.07%
Holding
2,483
New
414
Increased
840
Reduced
685
Closed
192

Top Buys

Rank Stock Value
1
XOM icon
ExxonMobil
XOM
+$892M
2
AAPL icon
Apple
AAPL
+$310M
3
MRVL icon
Marvell Technology
MRVL
+$305M
4
ODFL icon
Old Dominion Freight Line
ODFL
+$233M
5
UNH icon
UnitedHealth
UNH
+$230M

Top Sells

Rank Stock Value
1
CVX icon
Chevron
CVX
+$812M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$445M
3
DIS icon
Walt Disney
DIS
+$312M
4
LH icon
Labcorp
LH
+$296M
5
PNW icon
Pinnacle West Capital
PNW
+$287M

Sector Composition

Rank Sector Weight
1 Technology 26.48%
2 Financials 13.95%
3 Healthcare 12.34%
4 Industrials 9.8%
5 Consumer Discretionary 9.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GS icon
51
Goldman Sachs
GS
$302B
$348M 0.44%
769,772
+53,331
+7% +$23.4M
CAT icon
52
Caterpillar
CAT
$373B
$344M 0.43%
1,031,494
-36,525
-3% -$12.7M
HEI icon
53
HEICO Corp
HEI
$49.5B
$336M 0.42%
1,501,207
-171,845
-10% -$36.3M
INFY icon
54
Infosys
INFY
$48.4B
$316M 0.4%
16,944,823
+5,727,685
+51% +$99.7M
ISRG icon
55
Intuitive Surgical
ISRG
$126B
$314M 0.39%
705,004
+4,566
+0.7% +$1.82M
NKE icon
56
Nike
NKE
$62.7B
$311M 0.39%
4,126,594
+925,708
+29% +$86M
HDB icon
57
HDFC Bank
HDB
$124B
$308M 0.39%
9,588,670
-111,166
-1% -$3.26M
NDSN icon
58
Nordson
NDSN
$16.4B
$307M 0.39%
1,325,590
+383,050
+41% +$96.6M
SPGI icon
59
S&P Global
SPGI
$122B
$305M 0.38%
683,853
-291,744
-30% -$125M
BX icon
60
Blackstone
BX
$102B
$290M 0.36%
2,345,996
+462,587
+25% +$56.9M
BABA icon
61
Alibaba
BABA
$279B
$279M 0.35%
3,878,392
-189,988
-5% -$14.6M
SYY icon
62
Sysco
SYY
$40.6B
$276M 0.35%
3,861,997
-989,324
-20% -$73.9M
EL icon
63
Estee Lauder
EL
$30.7B
$274M 0.34%
2,575,442
-123,282
-5% -$16.2M
PBR icon
64
Petrobras
PBR
$123B
$270M 0.34%
18,659,611
-62,946
-0.3% -$979K
WIX icon
65
WIX.com
WIX
$2.37B
$266M 0.33%
1,670,785
-115,628
-6% -$16.6M
QCOM icon
66
Qualcomm
QCOM
$159B
$256M 0.32%
1,283,392
+21,900
+2% +$4.14M
MDLZ icon
67
Mondelez International
MDLZ
$80.5B
$255M 0.32%
3,897,935
-207,338
-5% -$14.2M
META icon
68
Meta Platforms (Facebook)
META
$1.37T
$253M 0.32%
502,517
-88,142
-15% -$42.8M
UL icon
69
Unilever
UL
$141B
$241M 0.3%
3,901,490
+228,032
+6% +$13.5M
ASX icon
70
ASE Group
ASX
$76.5B
$241M 0.3%
21,121,698
-187,055
-0.9% -$2.03M
TLK icon
71
Telkom Indonesia
TLK
$14.4B
$225M 0.28%
12,044,958
-56,188
-0.5% -$1.07M
PNW icon
72
Pinnacle West Capital
PNW
$12.3B
$223M 0.28%
2,922,332
-3,797,065
-57% -$287M
CVS icon
73
CVS Health
CVS
$134B
$220M 0.28%
3,730,135
-2,968,444
-44% -$186M
ODFL icon
74
Old Dominion Freight Line
ODFL
$44.2B
$219M 0.27%
1,238,125
+1,236,429
+72,903% +$233M
LLY icon
75
Eli Lilly
LLY
$1.03T
$218M 0.27%
241,159
-42,945
-15% -$34.4M
1 2
3
4 5

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Lazard Asset Management's Q2 2024 Portfolio in Review

As of Q2 2024, Lazard Asset Management held 2,483 positions worth $79.7B, down 3.1% from $82.3B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Lazard Asset Management withdrew a net $8.09B in Q2 2024, closing 192 positions and reducing 685 holdings. Its most notable exit was Pioneer Natural Resource Co., an estimated $206M position sold in full.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 23% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Lazard Asset Management opened a new position in Aspen Technology Inc worth $105M.

  • Lazard Asset Management's largest Q2 2024 buy was Aspen Technology Inc: 526,997 shares worth $105M.
  • Lazard Asset Management added most to ExxonMobil in Q2 2024, an estimated $892M increase.
  • Lazard Asset Management's biggest Q2 2024 reduction was Chevron, cutting an estimated $812M.
  • Lazard Asset Management fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $206M.
  • Lazard Asset Management's ten largest holdings make up 26% of its $79.7B portfolio in Q2 2024.
  • Lazard Asset Management opened 414 new positions and closed 192 in Q2 2024.
  • Lazard Asset Management's portfolio value fell 3.1% quarter-over-quarter to $79.7B.

Based on Lazard Asset Management's 13F filing for Q2 2024, filed 14 Aug 2024.