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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 | |
|---|---|---|---|---|---|---|
851
Marriott International
MAR
$92.3B
| $604K | ﹤0.01% |
3,640
-1,042
| -22% | -$174K |
|
852
Edison International
EIX
$26.4B
| $600K | ﹤0.01% |
8,525
+1,324
| +18% | +$89.4K |
|
853
Novartis
NVS
$297B
| $596K | ﹤0.01% |
6,489
-82
| -1% | -$7.16K |
|
854
Vanguard Industrials ETF
VIS
$8.39B
| $593K | ﹤0.01% |
3,115
| – | – |
|
855
Semtech
SMTC
$13B
| $589K | ﹤0.01% |
24,436
+23,134
| +1,777% | +$723K |
|
856
Northwest Natural Holdings
NWN
$2.12B
| $574K | ﹤0.01% |
12,081
-2,236
| -16% | -$108K |
|
857
International Money Express
IMXI
$367M
| $573K | ﹤0.01% |
22,254
+9,586
| +76% | +$233K |
|
858
Compañía de Minas Buenaventura
BVN
$8.67B
| $572K | ﹤0.01% |
+69,998
| New | +$558K |
|
859
Arch Capital
ACGL
$33.6B
| $571K | ﹤0.01% |
8,416
+366
| +5% | +$24.1K |
|
860
Digital Realty Trust
DLR
$71.7B
| $570K | ﹤0.01% |
5,803
-44,400
| -88% | -$4.68M |
|
861
Kraft Heinz
KHC
$30B
| $569K | ﹤0.01% |
14,742
-121
| -0.8% | -$4.79K |
|
862
Allegion
ALLE
$14.4B
| $566K | ﹤0.01% |
5,317
+805
| +18% | +$90.3K |
|
863
United Airlines
UAL
$42.1B
| $563K | ﹤0.01% |
12,736
+12,711
| +50,844% | +$609K |
|
|
LSI
864
DELISTED
Life Storage, Inc.
LSI
| $562K | ﹤0.01% |
4,288
-43,487
| -91% | -$5.03M |
|
865
iShares 1-3 Year Treasury Bond ETF
SHY
$25.1B
| – | – |
0
| – | – |
|
866
Banco de Chile
BCH
$20.9B
| $556K | ﹤0.01% |
28,524
| – | – |
|
867
Kforce
KFRC
$1.06B
| $555K | ﹤0.01% |
8,780
-139,382
| -94% | -$8.28M |
|
|
ICPT
868
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $551K | ﹤0.01% |
41,037
| – | – |
|
869
Dell
DELL
$293B
| $543K | ﹤0.01% |
13,514
-23,845
| -64% | -$961K |
|
870
Entergy
ETR
$50B
| $542K | ﹤0.01% |
10,068
+18
| +0.2% | +$955 |
|
871
Kinder Morgan
KMI
$68.7B
| $537K | ﹤0.01% |
30,749
+13,322
| +76% | +$237K |
|
872
DuPont de Nemours
DD
$19.2B
| $530K | ﹤0.01% |
5,893
+1,879
| +47% | +$171K |
|
873
General Dynamics
GD
$106B
| $523K | ﹤0.01% |
2,293
| – | – |
|
874
Flex
FLEX
$44.8B
| $521K | ﹤0.01% |
30,058
+3,211
| +12% | +$55.6K |
|
875
U-Haul Holding Co
UHAL
$14.6B
| $520K | ﹤0.01% |
8,745
-378,341
| -98% | -$23.8M |
|
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.