Lazard Asset Management Portfolio holdings

Lazard Asset Management's Q3 2013 Portfolio in Review

As of Q3 2013, Lazard Asset Management held 1,143 positions worth $42.1B, down 0.12% from $42.2B the previous quarter. Its ten largest holdings account for 19% of the portfolio.

Lazard Asset Management withdrew a net $3.58B in Q3 2013, closing 193 positions and reducing 324 holdings. Its most notable exit was Juniper Networks, an estimated $56.9M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 15% of assets, down from 15% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Lazard Asset Management opened a new position in Eaton worth $63M.

• Lazard Asset Management's largest Q3 2013 buy was Eaton: 915,572 shares worth $63M.
• Lazard Asset Management added most to Southwestern Energy Company in Q3 2013, an estimated $199M increase.
• Lazard Asset Management's biggest Q3 2013 reduction was Baidu, cutting an estimated $420M.
• Lazard Asset Management fully exited Juniper Networks in Q3 2013, selling an estimated $56.9M.
• Lazard Asset Management's ten largest holdings make up 19% of its $42.1B portfolio in Q3 2013.
• Lazard Asset Management opened 85 new positions and closed 193 in Q3 2013.
• Lazard Asset Management's portfolio value fell 0.12% quarter-over-quarter to $42.1B.

Based on Lazard Asset Management's 13F filing for Q3 2013, filed 13 Nov 2013.