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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
+6.48%
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
$76.3B
AUM Growth
+$3.71B
(+5.1%)
Cap. Flow
-$8.32B
Cap. Flow
% of AUM
-10.91%
Top 10 Holdings %
Top 10 Hldgs %
21.64%
Holding
2,644
New
223
Increased
746
Reduced
756
Closed
309
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$315M |
| 2 |
UnitedHealth
UNH
|
+$251M |
| 3 |
Union Pacific
UNP
|
+$248M |
| 4 |
Chevron
CVX
|
+$165M |
| 5 |
CYBR
CyberArk
CYBR
|
+$161M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Analog Devices
ADI
|
+$252M |
| 2 |
Aon
AON
|
+$184M |
| 3 |
Meta Platforms (Facebook)
META
|
+$160M |
| 4 |
PNC Financial Services
PNC
|
+$156M |
| 5 |
PayPal
PYPL
|
+$127M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.85% |
| 2 | Healthcare | 13.57% |
| 3 | Financials | 12.91% |
| 4 | Industrials | 11.58% |
| 5 | Consumer Discretionary | 8.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
LKQ Corp
LKQ
$6.2B
| $258M | 0.34% |
4,545,005
-1,543,621
| -25% | -$87M |
|
77
ICICI Bank
IBN
$109B
| $250M | 0.33% |
11,564,055
-1,850,531
| -14% | -$38.6M |
|
78
CVS Health
CVS
$133B
| $240M | 0.31% |
3,228,249
+607,696
| +23% | +$51M |
|
79
Cognex
CGNX
$11.9B
| $234M | 0.31% |
4,727,274
-164,134
| -3% | -$8.31M |
|
80
Cognizant
CTSH
$25.3B
| $227M | 0.3% |
3,721,844
+170,369
| +5% | +$10.7M |
|
81
Electronic Arts
EA
$52.9B
| $219M | 0.29% |
1,814,491
-73,462
| -4% | -$8.63M |
|
82
RELX
RELX
$64.2B
| $210M | 0.28% |
6,470,617
-167,370
| -3% | -$5.02M |
|
83
Dollar Tree
DLTR
$25.1B
| $209M | 0.27% |
1,453,373
-102,068
| -7% | -$14.8M |
|
84
Intuitive Surgical
ISRG
$130B
| $208M | 0.27% |
815,489
+18,606
| +2% | +$4.58M |
|
85
Unilever
UL
$138B
| $204M | 0.27% |
3,495,324
+77,576
| +2% | +$4.41M |
|
86
Vulcan Materials
VMC
$36.9B
| $203M | 0.27% |
1,184,898
+191,403
| +19% | +$34M |
|
87
Vail Resorts
MTN
$5.33B
| $198M | 0.26% |
845,344
+51,067
| +6% | +$12.3M |
|
88
PepsiCo
PEP
$190B
| $195M | 0.26% |
1,069,754
+20,181
| +2% | +$3.53M |
|
|
BRSL
89
Brightstar Lottery PLC
BRSL
$2.08B
| $191M | 0.25% |
7,137,208
-651,045
| -8% | -$16.7M |
|
|
CYBR
90
DELISTED
CyberArk
CYBR
| $191M | 0.25% |
1,288,044
+1,152,804
| +852% | +$161M |
|
91
America Movil
AMX
$74.7B
| $184M | 0.24% |
8,746,357
-754,441
| -8% | -$15.5M |
|
92
BP
BP
$109B
| $182M | 0.24% |
4,798,526
-10,520
| -0.2% | -$393K |
|
93
H&R Block
HRB
$5.84B
| $180M | 0.24% |
5,109,506
+2,065,389
| +68% | +$76.4M |
|
94
eBay
EBAY
$48.7B
| $178M | 0.23% |
4,014,351
+1,196,824
| +42% | +$54.8M |
|
95
Goldman Sachs
GS
$311B
| $171M | 0.22% |
521,838
+427,911
| +456% | +$149M |
|
96
PTC
PTC
$15.4B
| $170M | 0.22% |
1,329,618
-115,982
| -8% | -$14.7M |
|
97
ASE Group
ASX
$85.1B
| $170M | 0.22% |
21,326,347
+2,553,811
| +14% | +$18.7M |
|
98
Merck
MRK
$316B
| $165M | 0.22% |
1,549,317
-29,611
| -2% | -$3.2M |
|
99
Stryker
SYK
$129B
| $161M | 0.21% |
562,289
+76,871
| +16% | +$20.4M |
|
100
Tapestry
TPR
$31.5B
| $149M | 0.19% |
3,450,386
-1,288,313
| -27% | -$55.3M |
|
Similar funds
QCM
Lazard Asset Management's Q1 2023 Portfolio in Review
As of Q1 2023, Lazard Asset Management held 2,644 positions worth $76.3B, up 5.1% from $72.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Lazard Asset Management withdrew a net $8.32B in Q1 2023, closing 309 positions and reducing 756 holdings. Its most notable exit was Linde, an estimated $56.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Fomento Económico Mexicano worth $11.2M.
- Lazard Asset Management's largest Q1 2023 buy was Fomento Económico Mexicano: 117,338 shares worth $11.2M.
- Lazard Asset Management added most to Norfolk Southern in Q1 2023, an estimated $315M increase.
- Lazard Asset Management's biggest Q1 2023 reduction was Analog Devices, cutting an estimated $252M.
- Lazard Asset Management fully exited Linde in Q1 2023, selling an estimated $56.6M.
- Lazard Asset Management's ten largest holdings make up 22% of its $76.3B portfolio in Q1 2023.
- Lazard Asset Management opened 223 new positions and closed 309 in Q1 2023.
- Lazard Asset Management's portfolio value rose 5.1% quarter-over-quarter to $76.3B.
Based on Lazard Asset Management's 13F filing for Q1 2023, filed 15 May 2023.