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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
+305.76%
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 | |
|---|---|---|---|---|---|---|
|
SQSP
801
DELISTED
Squarespace, Inc.
SQSP
| $933K | ﹤0.01% |
29,397
+28,872
| +5,499% | +$714K |
|
802
Remitly
RELY
$5.14B
| $921K | ﹤0.01% |
54,374
+8,757
| +19% | +$119K |
|
803
Hertz
HTZ
$717M
| $902K | ﹤0.01% |
55,429
+47,775
| +624% | +$833K |
|
804
American Tower
AMT
$80.4B
| $896K | ﹤0.01% |
4,389
+341
| +8% | +$71.5K |
|
805
Sanmina
SANM
$10.9B
| $896K | ﹤0.01% |
14,701
+9,214
| +168% | +$552K |
|
|
SUM
806
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $890K | ﹤0.01% |
31,271
-476
| -1% | -$14.4K |
|
807
Dropbox
DBX
$8.12B
| $864K | ﹤0.01% |
40,021
-124,583
| -76% | -$2.73M |
|
|
NVO
808
Novo Nordisk
NVO
$209B
| $864K | ﹤0.01% |
10,870
+294
| +3% | +$20.8K |
|
809
Cavco Industries
CVCO
$4.55B
| $863K | ﹤0.01% |
2,718
+158
| +6% | +$43.7K |
|
810
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.5B
| $859K | ﹤0.01% |
2,585
| – | – |
|
811
Ford
F
$55.7B
| $856K | ﹤0.01% |
67,951
-272,943
| -80% | -$3.42M |
|
812
Lam Research
LRCX
$390B
| $847K | ﹤0.01% |
15,990
-2,350
| -13% | -$115K |
|
813
WaFd
WAFD
$2.75B
| $840K | ﹤0.01% |
27,892
+23,274
| +504% | +$787K |
|
814
Medifast
MED
$141M
| $836K | ﹤0.01% |
8,070
+7,264
| +901% | +$805K |
|
815
Cheniere Energy
LNG
$52.9B
| $833K | ﹤0.01% |
5,296
-13,650
| -72% | -$2.06M |
|
816
Pultegroup
PHM
$25.3B
| $833K | ﹤0.01% |
14,299
+5,876
| +70% | +$317K |
|
817
iShares MSCI India ETF
INDA
$6.63B
| $819K | ﹤0.01% |
20,826
+3,493
| +20% | +$141K |
|
818
iShares S&P India Nifty 50 Index Fund
INDY
$569M
| $816K | ﹤0.01% |
19,862
+3,938
| +25% | +$164K |
|
819
Iridium Communications
IRDM
$5.29B
| $805K | ﹤0.01% |
13,002
+1,002
| +8% | +$60K |
|
820
ResMed
RMD
$30.7B
| $805K | ﹤0.01% |
3,680
-3
| -0.1% | -$651 |
|
821
Chord Energy
CHRD
$7.39B
| $783K | ﹤0.01% |
5,819
+3,645
| +168% | +$495K |
|
822
Halliburton
HAL
$26.6B
| $769K | ﹤0.01% |
24,320
+11,186
| +85% | +$414K |
|
823
InMode
INMD
$880M
| $766K | ﹤0.01% |
23,977
-49
| -0.2% | -$1.68K |
|
824
Mid-America Apartment Communities
MAA
$15.7B
| $763K | ﹤0.01% |
5,057
-2,202
| -30% | -$349K |
|
825
Century Aluminum
CENX
$5.07B
| $756K | ﹤0.01% |
75,666
-48,735
| -39% | -$505K |
|
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.