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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 | |
|---|---|---|---|---|---|---|
951
Citizens Financial Group
CFG
$30.6B
| $470K | ﹤0.01% |
14,212
-991
| -7% | -$27.3K |
|
|
WIRE
952
DELISTED
Encore Wire Corp
WIRE
| $470K | ﹤0.01% |
2,201
-1,431
| -39% | -$272K |
|
|
PRMW
953
DELISTED
Primo Water Corporation
PRMW
| $469K | ﹤0.01% |
31,166
+2,560
| +9% | +$36.5K |
|
954
iShare MSCI Eurozone ETF
EZU
$9.89B
| $462K | ﹤0.01% |
9,757
-57,379
| -85% | -$2.53M |
|
955
CarGurus
CARG
$3.45B
| $460K | ﹤0.01% |
19,090
-308
| -2% | -$6.19K |
|
956
Enterprise Financial Services Corp
EFSC
$2.39B
| $460K | ﹤0.01% |
10,317
-2,256
| -18% | -$88.1K |
|
|
FINV
957
FinVolution Group
FINV
$1.14B
| $458K | ﹤0.01% |
93,544
+7,354
| +9% | +$34.9K |
|
958
Vornado Realty Trust
VNO
$7.37B
| $458K | ﹤0.01% |
16,242
+213
| +1% | +$5.06K |
|
959
Vertiv
VRT
$106B
| $456K | ﹤0.01% |
9,507
-16,602
| -64% | -$707K |
|
960
Gartner
IT
$11.8B
| $454K | ﹤0.01% |
1,007
-391
| -28% | -$156K |
|
|
AXON
961
Axon Enterprise
AXON
$46B
| $453K | ﹤0.01% |
1,757
-397
| -18% | -$89.5K |
|
962
Limbach Holdings
LMB
$569M
| $450K | ﹤0.01% |
9,910
+98
| +1% | +$3.52K |
|
963
ReNew
RNW
$2.27B
| $447K | ﹤0.01% |
+58,383
| New | +$360K |
|
964
Ollie's Bargain Outlet
OLLI
$4.87B
| $443K | ﹤0.01% |
5,841
+1,383
| +31% | +$104K |
|
965
Royal Caribbean
RCL
$85.7B
| $443K | ﹤0.01% |
3,429
+3,421
| +42,763% | +$349K |
|
966
Spectrum Brands
SPB
$2.08B
| $442K | ﹤0.01% |
+5,554
| New | +$418K |
|
967
Targa Resources
TRGP
$55.9B
| $442K | ﹤0.01% |
5,095
-1,365
| -21% | -$117K |
|
968
Kimco Realty
KIM
$16.4B
| $439K | ﹤0.01% |
20,650
+17,779
| +619% | +$336K |
|
969
Celestica
CLS
$36.3B
| $438K | ﹤0.01% |
14,963
+2,295
| +18% | +$61K |
|
970
The Mosaic Company
MOS
$7.35B
| $436K | ﹤0.01% |
12,229
+238
| +2% | +$8.41K |
|
971
Vanguard Morningstar Value ETF
VTV
$191B
| $436K | ﹤0.01% |
2,919
+869
| +42% | +$122K |
|
972
DuPont de Nemours
DD
$19.5B
| $433K | ﹤0.01% |
4,484
-542
| -11% | -$49.3K |
|
973
Kinder Morgan
KMI
$69B
| $433K | ﹤0.01% |
24,597
-9,520
| -28% | -$162K |
|
974
Energy Transfer Partners
ET
$69.8B
| $432K | ﹤0.01% |
31,361
-11,786
| -27% | -$160K |
|
975
WaFd
WAFD
$2.75B
| $432K | ﹤0.01% |
+13,146
| New | +$363K |
|
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.