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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 | |
|---|---|---|---|---|---|---|
901
PNC Financial Services
PNC
$101B
| $567K | ﹤0.01% |
3,669
+3,208
| +696% | +$415K |
|
|
BELFB
902
Bel Fuse Inc Class B
BELFB
$4.25B
| $563K | ﹤0.01% |
8,438
+3,466
| +70% | +$186K |
|
903
Tenet Healthcare
THC
$21B
| $558K | ﹤0.01% |
7,396
-24
| -0.3% | -$1.52K |
|
904
MillerKnoll
MLKN
$1.66B
| $557K | ﹤0.01% |
20,917
+8,183
| +64% | +$209K |
|
905
Moderna
MRNA
$22.9B
| $556K | ﹤0.01% |
5,608
-2,409
| -30% | -$203K |
|
906
Sprouts Farmers Market
SFM
$8.15B
| $554K | ﹤0.01% |
11,529
-330
| -3% | -$14.4K |
|
|
CHIH
907
DELISTED
Global X MSCI China Health Care ETF
CHIH
| $553K | ﹤0.01% |
+40,000
| New | +$563K |
|
908
G-III Apparel Group
GIII
$1.5B
| $552K | ﹤0.01% |
16,277
+12,368
| +316% | +$348K |
|
|
SBOW
909
DELISTED
SilverBow Resources, Inc.
SBOW
| $552K | ﹤0.01% |
18,993
-27,596
| -59% | -$885K |
|
910
Option Care Health
OPCH
$3.56B
| $551K | ﹤0.01% |
16,389
+3,917
| +31% | +$120K |
|
|
PETQ
911
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $549K | ﹤0.01% |
27,859
-1,064
| -4% | -$20.4K |
|
912
Enphase Energy
ENPH
$5.54B
| $547K | ﹤0.01% |
4,151
-48,928
| -92% | -$5.19M |
|
913
Caleres
CAL
$475M
| $546K | ﹤0.01% |
17,779
+91
| +0.5% | +$2.57K |
|
914
Realty Income
O
$59.4B
| $544K | ﹤0.01% |
9,491
-2,248
| -19% | -$118K |
|
915
Berkshire Hathaway Class A
BRK.A
$1.12T
| $542K | ﹤0.01% |
+1
| New | +$534K |
|
916
Devon Energy
DVN
$47.8B
| $540K | ﹤0.01% |
11,938
-15,302
| -56% | -$701K |
|
|
WBA
917
DELISTED
Walgreens Boots Alliance
WBA
| $538K | ﹤0.01% |
20,652
-3,718
| -15% | -$83.1K |
|
918
iShares Intermediate Government/Credit Bond ETF
GVI
$3.78B
| – | – |
0
| – | – |
|
919
Welltower
WELL
$170B
| $534K | ﹤0.01% |
5,932
+4,139
| +231% | +$359K |
|
920
i3 Verticals
IIIV
$352M
| $533K | ﹤0.01% |
+25,186
| New | +$505K |
|
921
iShares Expanded Tech Sector ETF
IGM
$10.7B
| $531K | ﹤0.01% |
7,110
| – | – |
|
922
Park Hotels & Resorts
PK
$2.98B
| $531K | ﹤0.01% |
34,782
-15,976
| -31% | -$220K |
|
923
Veeco
VECO
$3.18B
| $530K | ﹤0.01% |
17,118
-18,873
| -52% | -$526K |
|
924
Hovnanian Enterprises
HOV
$811M
| $526K | ﹤0.01% |
3,387
+2,287
| +208% | +$230K |
|
925
American Eagle Outfitters
AEO
$2.98B
| $520K | ﹤0.01% |
24,642
-17,631
| -42% | -$329K |
|
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.