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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 | |
|---|---|---|---|---|---|---|
926
Iridium Communications
IRDM
$5.27B
| $545K | ﹤0.01% |
12,000
-1,002
| -8% | -$51.9K |
|
927
Avantor
AVTR
$9.14B
| $543K | ﹤0.01% |
25,799
| – | – |
|
928
Exelixis
EXEL
$13.4B
| $543K | ﹤0.01% |
24,865
+6,364
| +34% | +$133K |
|
|
WBA
929
DELISTED
Walgreens Boots Alliance
WBA
| $541K | ﹤0.01% |
24,370
-88,665
| -78% | -$2.36M |
|
930
United Airlines
UAL
$42.2B
| $538K | ﹤0.01% |
12,719
+55
| +0.4% | +$2.78K |
|
931
Matador Resources
MTDR
$6.07B
| $537K | ﹤0.01% |
9,038
-15,810
| -64% | -$921K |
|
932
Digital Realty Trust
DLR
$71.7B
| $535K | ﹤0.01% |
4,425
-741
| -14% | -$91K |
|
933
The Greenbrier Companies
GBX
$1.46B
| $535K | ﹤0.01% |
13,384
+11,815
| +753% | +$507K |
|
934
Meritage Homes
MTH
$4.89B
| $534K | ﹤0.01% |
8,748
+2,266
| +35% | +$156K |
|
935
KB Home
KBH
$3.61B
| $532K | ﹤0.01% |
11,518
+5,680
| +97% | +$289K |
|
|
NWLI
936
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $528K | ﹤0.01% |
+1,208
| New | +$531K |
|
|
TWNK
937
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $527K | ﹤0.01% |
15,861
-934,148
| -98% | -$25M |
|
938
Zurn Elkay Water Solutions
ZWS
$8.54B
| $523K | ﹤0.01% |
+18,695
| New | +$534K |
|
939
iShares Intermediate Government/Credit Bond ETF
GVI
$3.78B
| – | – |
0
| – | – |
|
940
iShares Russell Mid-Cap Growth ETF
IWP
$20.7B
| $517K | ﹤0.01% |
5,661
| – | – |
|
941
Enterprise Products Partners
EPD
$81.8B
| $515K | ﹤0.01% |
18,835
+1,606
| +9% | +$43K |
|
942
Gentex
GNTX
$5.08B
| $509K | ﹤0.01% |
15,654
+8,158
| +109% | +$262K |
|
943
Caleres
CAL
$486M
| $508K | ﹤0.01% |
17,688
+46
| +0.3% | +$1.22K |
|
944
Hess Midstream
HESM
$5.11B
| $507K | ﹤0.01% |
17,445
+4,919
| +39% | +$148K |
|
945
Sprouts Farmers Market
SFM
$8.09B
| $506K | ﹤0.01% |
11,859
+4,408
| +59% | +$173K |
|
|
WDI
946
Western Asset Diversified Income Fund
WDI
$683M
| – | – |
0
| – | – |
|
947
Healthpeak Properties
DOC
$14.7B
| $498K | ﹤0.01% |
27,143
+613
| +2% | +$12.6K |
|
|
BNY
948
Bank of New York Mellon
BNY
$107B
| $496K | ﹤0.01% |
11,666
-1,796
| -13% | -$80K |
|
949
Parsons
PSN
$5.07B
| $496K | ﹤0.01% |
9,160
-19,048
| -68% | -$1.01M |
|
950
MGM Resorts International
MGM
$11.2B
| $495K | ﹤0.01% |
13,470
-74,392
| -85% | -$3.29M |
|
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.