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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 | |
|---|---|---|---|---|---|---|
851
AXIS Capital
AXS
$7.57B
| $720K | ﹤0.01% |
+12,786
| New | +$706K |
|
852
iShares Core MSCI EAFE ETF
IEFA
$195B
| $718K | ﹤0.01% |
11,161
| – | – |
|
853
Occidental Petroleum
OXY
$56.3B
| $713K | ﹤0.01% |
11,010
| – | – |
|
854
FIVE9
FIVN
$2.54B
| $711K | ﹤0.01% |
11,063
+9,728
| +729% | +$728K |
|
855
International Paper
IP
$21.8B
| $710K | ﹤0.01% |
20,032
+10,984
| +121% | +$373K |
|
856
GeoPark
GPRK
$611M
| $709K | ﹤0.01% |
68,976
-220,608
| -76% | -$2.15M |
|
857
HNI Corp
HNI
$3.55B
| $709K | ﹤0.01% |
20,490
+6,271
| +44% | +$193K |
|
858
Vanguard Morningstar Mid-Cap ETF
VO
$109B
| $708K | ﹤0.01% |
13,600
| – | – |
|
859
American Eagle Outfitters
AEO
$2.98B
| $702K | ﹤0.01% |
+42,273
| New | +$625K |
|
860
AutoZone
AZO
$49.9B
| $702K | ﹤0.01% |
277
-5,993
| -96% | -$15M |
|
|
MEGI
861
MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI
$790M
| $702K | ﹤0.01% |
+59,631
| New | +$794K |
|
|
CIVI
862
DELISTED
Civitas Resources
CIVI
| $697K | ﹤0.01% |
8,622
+4,865
| +129% | +$376K |
|
863
W.P. Carey
WPC
$16.4B
| $695K | ﹤0.01% |
13,148
+5,138
| +64% | +$329K |
|
864
Palantir
PLTR
$409B
| $694K | ﹤0.01% |
43,428
+43,371
| +76,089% | +$691K |
|
|
ARDC
865
Are Dynamic Credit Allocation Fund
ARDC
$300M
| – | – |
0
| – | – |
|
866
Bath & Body Works
BBWI
$4.09B
| $686K | ﹤0.01% |
20,318
+124
| +0.6% | +$4.5K |
|
867
Hilton Grand Vacations
HGV
$3.53B
| $685K | ﹤0.01% |
16,853
-156,260
| -90% | -$6.88M |
|
868
Freshworks
FRSH
$3.24B
| $684K | ﹤0.01% |
34,392
-823
| -2% | -$16.4K |
|
|
TMHC
869
DELISTED
Taylor Morrison
TMHC
| $683K | ﹤0.01% |
16,072
+2,446
| +18% | +$115K |
|
|
FTF
870
Franklin Limited Duration Income Trust
FTF
$233M
| – | – |
0
| – | – |
|
871
Carnival Corporation Ltd
CCL
$39.2B
| $666K | ﹤0.01% |
48,551
-68,360
| -58% | -$1.13M |
|
872
The Bancorp
TBBK
$2.92B
| $666K | ﹤0.01% |
19,333
-6,880
| -26% | -$251K |
|
873
Vitesse Energy
VTS
$674M
| $664K | ﹤0.01% |
29,051
| – | – |
|
874
Old Dominion Freight Line
ODFL
$44.9B
| $663K | ﹤0.01% |
3,244
-1,400
| -30% | -$283K |
|
875
Grupo Aeroportuario Centro Norte
OMAB
$5.38B
| $662K | ﹤0.01% |
7,626
-2,793
| -27% | -$253K |
|
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.