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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
+305.76%
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 | |
|---|---|---|---|---|---|---|
801
International Flavors & Fragrances
IFF
$21.7B
| $908K | ﹤0.01% |
13,339
-6
| -0% | -$439 |
|
802
SLM Corp
SLM
$5.09B
| $908K | ﹤0.01% |
66,734
+10,111
| +18% | +$152K |
|
803
Boise Cascade
BCC
$3.03B
| $907K | ﹤0.01% |
8,803
-315
| -3% | -$32.4K |
|
804
Tennant Co
TNC
$1.32B
| $902K | ﹤0.01% |
12,174
+10,036
| +469% | +$800K |
|
|
HEES
805
DELISTED
H&E Equipment Services
HEES
| $900K | ﹤0.01% |
20,850
+19,577
| +1,538% | +$892K |
|
|
DO
806
DELISTED
Diamond Offshore Drilling, Inc.
DO
| $898K | ﹤0.01% |
+61,213
| New | +$935K |
|
807
iShares S&P India Nifty 50 Index Fund
INDY
$569M
| $897K | ﹤0.01% |
19,862
| – | – |
|
808
Zscaler
ZS
$27.1B
| $889K | ﹤0.01% |
5,720
-9,173
| -62% | -$1.38M |
|
|
BGH
809
Barings Global Short Duration High Yield Fund
BGH
$286M
| – | – |
0
| – | – |
|
810
OSI Systems
OSIS
$3.89B
| $888K | ﹤0.01% |
7,528
+2,031
| +37% | +$245K |
|
811
GSK
GSK
$106B
| $885K | ﹤0.01% |
24,423
-7,440
| -23% | -$264K |
|
|
RVNC
812
DELISTED
Revance Therapeutics, Inc.
RVNC
| $885K | ﹤0.01% |
+77,200
| New | +$1.48M |
|
813
Packaging Corp of America
PKG
$22.8B
| $884K | ﹤0.01% |
5,763
+2,375
| +70% | +$347K |
|
814
Radian Group
RDN
$4.91B
| $882K | ﹤0.01% |
35,156
+2,891
| +9% | +$76.4K |
|
815
Cheniere Energy
LNG
$54.3B
| $880K | ﹤0.01% |
5,311
-1,212
| -19% | -$196K |
|
816
Southern Company
SO
$108B
| $880K | ﹤0.01% |
13,599
| – | – |
|
817
Patterson-UTI
PTEN
$3.79B
| $878K | ﹤0.01% |
+63,467
| New | +$928K |
|
818
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.5B
| $865K | ﹤0.01% |
2,585
| – | – |
|
819
Mid-America Apartment Communities
MAA
$15.7B
| $865K | ﹤0.01% |
6,725
+799
| +13% | +$115K |
|
820
iShares 3-7 Year Treasury Bond ETF
IEI
$17.8B
| – | – |
0
| – | – |
|
821
Seagate
STX
$178B
| $837K | ﹤0.01% |
12,699
+8
| +0.1% | +$515 |
|
822
Cummins
CMI
$88.2B
| $833K | ﹤0.01% |
3,650
-157
| -4% | -$37.9K |
|
823
Moderna
MRNA
$22.9B
| $827K | ﹤0.01% |
8,017
+1,078
| +16% | +$120K |
|
824
Hilton Worldwide
HLT
$72B
| $817K | ﹤0.01% |
5,447
+202
| +4% | +$30.5K |
|
825
Badger Meter
BMI
$4.05B
| $813K | ﹤0.01% |
5,656
+2,769
| +96% | +$437K |
|
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.