Lazard Asset Management Portfolio holdings

Lazard Asset Management's Q4 2015 Portfolio in Review

As of Q4 2015, Lazard Asset Management held 1,199 positions worth $43.7B, up 4.5% from $41.8B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Lazard Asset Management withdrew a net $1.61B in Q4 2015, closing 98 positions and reducing 359 holdings. Its most notable exit was Twenty-First Century Fox, Inc. Class B, an estimated $78.3M position sold in full.

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

Against the trend, Lazard Asset Management opened a new position in Alphabet (Google) Class A worth $944M.

• Lazard Asset Management's largest Q4 2015 buy was Alphabet (Google) Class A: 24,267,340 shares worth $944M.
• Lazard Asset Management added most to Procter & Gamble in Q4 2015, an estimated $323M increase.
• Lazard Asset Management's biggest Q4 2015 reduction was Alphabet (Google) Class C, cutting an estimated $873M.
• Lazard Asset Management fully exited Twenty-First Century Fox, Inc. Class B in Q4 2015, selling an estimated $78.3M.
• Lazard Asset Management's ten largest holdings make up 22% of its $43.7B portfolio in Q4 2015.
• Lazard Asset Management opened 110 new positions and closed 98 in Q4 2015.
• Lazard Asset Management's portfolio value rose 4.5% quarter-over-quarter to $43.7B.

Based on Lazard Asset Management's 13F filing for Q4 2015, filed 12 Feb 2016.