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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 | |
|---|---|---|---|---|---|---|
826
News Corp Class B
NWS
$17.5B
| $754K | ﹤0.01% |
43,299
-1,193,754
| -96% | -$22M |
|
827
Levi Strauss
LEVI
$9.39B
| $753K | ﹤0.01% |
41,360
| – | – |
|
828
Matador Resources
MTDR
$6.09B
| $741K | ﹤0.01% |
15,556
+685
| +5% | +$38.5K |
|
829
General Motors
GM
$76.8B
| $740K | ﹤0.01% |
20,192
+4,629
| +30% | +$175K |
|
830
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.69B
| – | – |
0
| – | – |
|
|
DM
831
DELISTED
Desktop Metal, Inc.
DM
| $726K | ﹤0.01% |
31,585
-21,941
| -41% | -$414K |
|
|
SILK
832
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $714K | ﹤0.01% |
+18,263
| New | +$893K |
|
833
APA Corp
APA
$13.3B
| $706K | ﹤0.01% |
19,580
+104
| +0.5% | +$4.17K |
|
|
WRK
834
DELISTED
WestRock Company
WRK
| $703K | ﹤0.01% |
23,080
-165,595
| -88% | -$5.46M |
|
835
Axos Financial
AX
$5.68B
| $702K | ﹤0.01% |
19,023
+18,276
| +2,447% | +$788K |
|
836
Occidental Petroleum
OXY
$55.9B
| $700K | ﹤0.01% |
11,236
-37,174
| -77% | -$2.31M |
|
837
Trade Desk
TTD
$6.49B
| $690K | ﹤0.01% |
11,339
-47,436
| -81% | -$2.52M |
|
838
Delta Air Lines
DAL
$60.1B
| $686K | ﹤0.01% |
19,664
+19,583
| +24,177% | +$726K |
|
839
BorgWarner
BWA
$13.9B
| $678K | ﹤0.01% |
15,721
+11,779
| +299% | +$488K |
|
840
Procore
PCOR
$8.67B
| $661K | ﹤0.01% |
10,560
+9,803
| +1,295% | +$573K |
|
841
Sanofi
SNY
$104B
| $653K | ﹤0.01% |
12,020
-116
| -1% | -$5.64K |
|
842
AES
AES
$10.5B
| $643K | ﹤0.01% |
26,710
+26,004
| +3,683% | +$661K |
|
843
Dover
DOV
$28.4B
| $643K | ﹤0.01% |
4,232
+223
| +6% | +$32.7K |
|
844
Enova International
ENVA
$6.29B
| $640K | ﹤0.01% |
14,423
-395
| -3% | -$17.9K |
|
845
Hilton Worldwide
HLT
$71.5B
| $640K | ﹤0.01% |
4,551
-773
| -15% | -$109K |
|
846
Oneok
OKE
$54.5B
| $634K | ﹤0.01% |
9,987
+9,955
| +31,109% | +$661K |
|
847
iShares Intermediate Government/Credit Bond ETF
GVI
$3.78B
| – | – |
0
| – | – |
|
848
Shell
SHEL
$245B
| $622K | ﹤0.01% |
10,836
| – | – |
|
849
Immatics
IMTX
$1.32B
| $620K | ﹤0.01% |
90,030
+10,146
| +13% | +$83K |
|
850
iShares S&P 500 Growth ETF
IVW
$77.6B
| $608K | ﹤0.01% |
9,520
| – | – |
|
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.