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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
+11.1%
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
$79B
AUM Growth
+$5.52B
(+7.5%)
Cap. Flow
-$7.01B
Cap. Flow
% of AUM
-8.87%
Top 10 Holdings %
Top 10 Hldgs %
24.46%
Holding
2,559
New
284
Increased
737
Reduced
832
Closed
260
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chubb
CB
|
+$555M |
| 2 |
American Electric Power
AEP
|
+$272M |
| 3 |
Ulta Beauty
ULTA
|
+$161M |
| 4 |
CVS Health
CVS
|
+$160M |
| 5 |
McDonald's
MCD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$388M |
| 2 |
Aon
AON
|
+$211M |
| 3 |
Johnson & Johnson
JNJ
|
+$209M |
| 4 |
Norfolk Southern
NSC
|
+$162M |
| 5 |
Envista
NVST
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.99% |
| 2 | Financials | 14.12% |
| 3 | Healthcare | 13.38% |
| 4 | Industrials | 11.48% |
| 5 | Consumer Discretionary | 9.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
826
Vanguard Morningstar Mid-Cap ETF
VO
$108B
| $790K | ﹤0.01% |
13,600
| – | – |
|
827
Old Dominion Freight Line
ODFL
$43.8B
| $788K | ﹤0.01% |
3,892
+648
| +20% | +$129K |
|
828
Edison International
EIX
$25.9B
| $787K | ﹤0.01% |
11,022
-414
| -4% | -$27.2K |
|
829
Westamerica Bancorp
WABC
$1.38B
| $784K | ﹤0.01% |
13,903
-7,242
| -34% | -$359K |
|
830
Meritage Homes
MTH
$4.71B
| $778K | ﹤0.01% |
8,950
+202
| +2% | +$13.9K |
|
831
Advanced Drainage Systems
WMS
$11.4B
| $777K | ﹤0.01% |
5,532
+1,581
| +40% | +$191K |
|
832
Sterling Infrastructure
STRL
$16.4B
| $776K | ﹤0.01% |
8,831
-5,297
| -37% | -$383K |
|
833
iShares Gold Trust
IAU
$66B
| $774K | ﹤0.01% |
19,850
-11,700
| -37% | -$438K |
|
834
HNI Corp
HNI
$3.53B
| $770K | ﹤0.01% |
18,425
-2,065
| -10% | -$78.6K |
|
835
Champion Homes
SKY
$4.97B
| $766K | ﹤0.01% |
10,329
-2,140
| -17% | -$135K |
|
836
Customers Bancorp
CUBI
$2.77B
| $765K | ﹤0.01% |
13,295
-9,670
| -42% | -$420K |
|
837
Crocs
CROX
$6.43B
| $754K | ﹤0.01% |
8,085
-45,625
| -85% | -$4.21M |
|
|
TMHC
838
DELISTED
Taylor Morrison
TMHC
| $749K | ﹤0.01% |
14,049
-2,023
| -13% | -$90.4K |
|
839
Bruker
BRKR
$7.81B
| $737K | ﹤0.01% |
10,047
+184
| +2% | +$11.8K |
|
840
Primerica
PRI
$10.2B
| $730K | ﹤0.01% |
3,550
+362
| +11% | +$74K |
|
|
ASGI
841
abrdn Global Infrastructure Income Fund
ASGI
$755M
| $729K | ﹤0.01% |
40,681
-336,014
| -89% | -$5.55M |
|
842
Howmet Aerospace
HWM
$116B
| $729K | ﹤0.01% |
13,489
-14,409
| -52% | -$711K |
|
|
SUM
843
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $724K | ﹤0.01% |
18,861
+937
| +5% | +$32.5K |
|
844
Cummins
CMI
$88.7B
| $723K | ﹤0.01% |
3,021
-629
| -17% | -$143K |
|
845
Atlassian
TEAM
$28B
| $715K | ﹤0.01% |
3,007
-86
| -3% | -$16.9K |
|
846
Pegasystems
PEGA
$5.21B
| $712K | ﹤0.01% |
29,170
+23,902
| +454% | +$559K |
|
847
Exelixis
EXEL
$12.9B
| $711K | ﹤0.01% |
29,664
+4,799
| +19% | +$104K |
|
848
Badger Meter
BMI
$3.98B
| $710K | ﹤0.01% |
4,605
-1,051
| -19% | -$153K |
|
849
Occidental Petroleum
OXY
$56B
| $708K | ﹤0.01% |
11,881
+871
| +8% | +$53.2K |
|
850
Corcept Therapeutics
CORT
$11.7B
| $702K | ﹤0.01% |
21,634
-6,771
| -24% | -$186K |
|
Similar funds
QCM
Lazard Asset Management's Q4 2023 Portfolio in Review
As of Q4 2023, Lazard Asset Management held 2,559 positions worth $79B, up 7.5% from $73.5B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $7.01B in Q4 2023, closing 260 positions and reducing 832 holdings. Its most notable exit was VMware, Inc, an estimated $34.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Lazard Asset Management opened a new position in Dentsply Sirona worth $141M.
- Lazard Asset Management's largest Q4 2023 buy was Dentsply Sirona: 3,954,444 shares worth $141M.
- Lazard Asset Management added most to Chubb in Q4 2023, an estimated $555M increase.
- Lazard Asset Management's biggest Q4 2023 reduction was Meta Platforms (Facebook), cutting an estimated $388M.
- Lazard Asset Management fully exited VMware, Inc in Q4 2023, selling an estimated $34.5M.
- Lazard Asset Management's ten largest holdings make up 24% of its $79B portfolio in Q4 2023.
- Lazard Asset Management opened 284 new positions and closed 260 in Q4 2023.
- Lazard Asset Management's portfolio value rose 7.5% quarter-over-quarter to $79B.
Based on Lazard Asset Management's 13F filing for Q4 2023, filed 14 Feb 2024.