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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 | |
|---|---|---|---|---|---|---|
851
KB Home
KBH
$3.49B
| $701K | ﹤0.01% |
11,253
-265
| -2% | -$13.6K |
|
|
KLG
852
DELISTED
WK Kellogg Co
KLG
| $701K | ﹤0.01% |
+53,410
| New | +$601K |
|
853
Baker Hughes
BKR
$62.3B
| $697K | ﹤0.01% |
20,428
+2,365
| +13% | +$80.7K |
|
854
Blackrock
BLK
$175B
| $695K | ﹤0.01% |
857
-2,689
| -76% | -$1.88M |
|
855
FTI Consulting
FCN
$4.17B
| $691K | ﹤0.01% |
3,471
+2,621
| +308% | +$542K |
|
856
Polaris
PII
$3.99B
| $690K | ﹤0.01% |
7,290
-130,985
| -95% | -$12M |
|
857
Vanguard Industrials ETF
VIS
$8.36B
| $686K | ﹤0.01% |
3,115
| – | – |
|
858
Levi Strauss
LEVI
$9.35B
| $684K | ﹤0.01% |
41,360
| – | – |
|
859
WEC Energy
WEC
$35.2B
| $682K | ﹤0.01% |
+8,104
| New | +$667K |
|
860
Banco de Chile
BCH
$21.3B
| $679K | ﹤0.01% |
29,450
| – | – |
|
861
International Paper
IP
$21.5B
| $679K | ﹤0.01% |
18,798
-1,234
| -6% | -$43.1K |
|
862
Diamondback Energy
FANG
$53.1B
| $678K | ﹤0.01% |
4,380
+619
| +16% | +$97K |
|
863
Cheniere Energy
LNG
$54.9B
| $677K | ﹤0.01% |
3,968
-1,343
| -25% | -$231K |
|
864
CBIZ
CBZ
$2.96B
| $675K | ﹤0.01% |
10,795
+2,736
| +34% | +$154K |
|
865
Mid-America Apartment Communities
MAA
$15.5B
| $669K | ﹤0.01% |
4,983
-1,742
| -26% | -$222K |
|
866
Progressive
PGR
$125B
| $669K | ﹤0.01% |
4,208
+2,502
| +147% | +$392K |
|
867
AutoZone
AZO
$50.1B
| $668K | ﹤0.01% |
259
-18
| -6% | -$46.7K |
|
868
Alamo Group
ALG
$2.02B
| $662K | ﹤0.01% |
3,152
+1,965
| +166% | +$359K |
|
869
iShares MSCI Emerging Markets Asia ETF
EEMA
$852M
| $655K | ﹤0.01% |
+9,911
| New | +$632K |
|
870
Chemed
CHE
$7.18B
| $652K | ﹤0.01% |
1,117
+1
| +0.1% | +$560 |
|
871
Futu Holdings
FUTU
$14.7B
| $648K | ﹤0.01% |
11,885
+8,041
| +209% | +$457K |
|
872
Novartis
NVS
$293B
| $648K | ﹤0.01% |
6,429
+5
| +0.1% | +$483 |
|
873
SLB Ltd
SLB
$76.5B
| $646K | ﹤0.01% |
12,423
-550
| -4% | -$29.9K |
|
874
Red Rock Resorts
RRR
$3.68B
| $644K | ﹤0.01% |
12,088
| – | – |
|
|
DOCU
875
DocuSign
DOCU
$10.9B
| $643K | ﹤0.01% |
10,824
+6,202
| +134% | +$284K |
|
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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.