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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
-9.03%
1 Year Est. Return
+22.47%
3 Year Est. Return
+62.53%
5 Year Est. Return
+77.87%
10 Year Est. Return
+302.07%
AUM
$41.8B
AUM Growth
-$5.88B
(-12%)
Cap. Flow
-$1.39B
Cap. Flow
% of AUM
-3.33%
Top 10 Holdings %
Top 10 Hldgs %
20.95%
Holding
1,239
New
122
Increased
360
Reduced
365
Closed
160
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$331M |
| 2 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$315M |
| 3 |
MNK
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
|
+$310M |
| 4 |
America Movil
AMX
|
+$263M |
| 5 |
Aon
AON
|
+$213M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Xerox
XRX
|
+$467M |
| 2 |
Baxter International
BAX
|
+$455M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$309M |
| 4 |
CMA
Comerica
CMA
|
+$247M |
| 5 |
Viatris
VTRS
|
+$231M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 14.91% |
| 2 | Technology | 13.9% |
| 3 | Healthcare | 13.87% |
| 4 | Financials | 13.53% |
| 5 | Industrials | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Prudential
PUK
$36.4B
| $144M | 0.34% |
3,517,865
+62,503
| +2% | +$2.78M |
|
77
Eastman Chemical
EMN
$7.69B
| $144M | 0.34% |
2,217,579
-2,380,540
| -52% | -$176M |
|
|
SBNY
78
DELISTED
Signature Bank
SBNY
| $142M | 0.34% |
1,033,115
+623,081
| +152% | +$88M |
|
79
International Paper
IP
$22.6B
| $139M | 0.33% |
3,872,686
+117,954
| +3% | +$5M |
|
80
Applied Materials
AMAT
$347B
| $138M | 0.33% |
9,382,161
+4,267,262
| +83% | +$71.3M |
|
81
Vale
VALE
$62.3B
| $137M | 0.33% |
32,638,900
-1,490,865
| -4% | -$7.61M |
|
82
British American Tobacco
BTI
$136B
| $136M | 0.33% |
2,474,912
+457,562
| +23% | +$25.4M |
|
83
Cboe Global Markets
CBOE
$32.2B
| $134M | 0.32% |
1,996,444
-1,152,379
| -37% | -$72.6M |
|
84
Vertex Pharmaceuticals
VRTX
$123B
| $130M | 0.31% |
1,247,845
-683,511
| -35% | -$87.8M |
|
85
Thermo Fisher Scientific
TMO
$214B
| $129M | 0.31% |
1,051,528
+320,800
| +44% | +$41.8M |
|
86
Comcast
CMCSA
$87.3B
| $129M | 0.31% |
4,518,658
-331,640
| -7% | -$9.85M |
|
87
Edison International
EIX
$30.3B
| $128M | 0.31% |
2,033,711
+714,480
| +54% | +$42.4M |
|
88
UnitedHealth
UNH
$382B
| $128M | 0.31% |
1,104,436
-362,219
| -25% | -$43.4M |
|
89
HP
HPQ
$26B
| $124M | 0.3% |
10,696,347
-1,036,990
| -9% | -$13.5M |
|
90
Merck
MRK
$322B
| $123M | 0.29% |
2,614,045
-273,133
| -9% | -$14.5M |
|
|
INVX
91
Innovex International
INVX
$1.8B
| $122M | 0.29% |
2,102,568
+281,965
| +15% | +$18M |
|
92
Harley-Davidson
HOG
$2.61B
| $118M | 0.28% |
2,144,022
+104,678
| +5% | +$5.91M |
|
|
CTXS
93
DELISTED
Citrix Systems Inc
CTXS
| $117M | 0.28% |
2,112,318
-768,467
| -27% | -$43.8M |
|
94
Kinder Morgan
KMI
$70.9B
| $116M | 0.28% |
4,204,517
+338,987
| +9% | +$11.2M |
|
95
Amazon
AMZN
$2.44T
| $116M | 0.28% |
4,538,460
-3,395,620
| -43% | -$85.8M |
|
|
NVO
96
Novo Nordisk
NVO
$228B
| $116M | 0.28% |
4,281,190
+121,058
| +3% | +$3.43M |
|
97
Credicorp
BAP
$30.5B
| $116M | 0.28% |
1,087,832
+53,211
| +5% | +$6.43M |
|
98
NextEra Energy
NEE
$184B
| $114M | 0.27% |
4,670,100
+1,817,740
| +64% | +$46.2M |
|
99
Oracle
ORCL
$339B
| $109M | 0.26% |
3,010,297
-193,356
| -6% | -$7.43M |
|
100
State Street
STT
$48.4B
| $108M | 0.26% |
1,601,744
-833,619
| -34% | -$62M |
|
Similar funds
QCM
Lazard Asset Management's Q3 2015 Portfolio in Review
As of Q3 2015, Lazard Asset Management held 1,239 positions worth $41.8B, down 12% from $47.7B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Lazard Asset Management withdrew a net $1.39B in Q3 2015, closing 160 positions and reducing 365 holdings. Its most notable exit was ADT Corp, an estimated $51.8M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 15% of assets, down from 15% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lazard Asset Management opened a new position in BAXALTA INC COM STK (DE) worth $288M.
- Lazard Asset Management's largest Q3 2015 buy was BAXALTA INC COM STK (DE): 9,135,596 shares worth $288M.
- Lazard Asset Management added most to Bank of America in Q3 2015, an estimated $331M increase.
- Lazard Asset Management's biggest Q3 2015 reduction was Xerox, cutting an estimated $467M.
- Lazard Asset Management fully exited ADT Corp in Q3 2015, selling an estimated $51.8M.
- Lazard Asset Management's ten largest holdings make up 21% of its $41.8B portfolio in Q3 2015.
- Lazard Asset Management opened 122 new positions and closed 160 in Q3 2015.
- Lazard Asset Management's portfolio value fell 12% quarter-over-quarter to $41.8B.
Based on Lazard Asset Management's 13F filing for Q3 2015, filed 13 Nov 2015.