Lazard Asset Management Portfolio holdings

Lazard Asset Management's Q1 2014 Portfolio in Review

As of Q1 2014, Lazard Asset Management held 1,114 positions worth $44.8B, down 0.63% from $45.1B the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Lazard Asset Management withdrew a net $1.54B in Q1 2014, closing 112 positions and reducing 359 holdings. Its most notable exit was American Eagle Outfitters, an estimated $140M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 15% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Lazard Asset Management opened a new position in CEMIG Preferred Shares worth $249M.

• Lazard Asset Management's largest Q1 2014 buy was CEMIG Preferred Shares: 71,812,047 shares worth $249M.
• Lazard Asset Management added most to Eli Lilly in Q1 2014, an estimated $342M increase.
• Lazard Asset Management's biggest Q1 2014 reduction was Televisa, cutting an estimated $349M.
• Lazard Asset Management fully exited American Eagle Outfitters in Q1 2014, selling an estimated $140M.
• Lazard Asset Management's ten largest holdings make up 17% of its $44.8B portfolio in Q1 2014.
• Lazard Asset Management opened 109 new positions and closed 112 in Q1 2014.
• Lazard Asset Management's portfolio value fell 0.63% quarter-over-quarter to $44.8B.

Based on Lazard Asset Management's 13F filing for Q1 2014, filed 12 May 2014.