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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
+302.07%
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 | |
|---|---|---|---|---|---|---|
76
Commerce Bancshares
CBSH
$8.62B
| $221M | 0.3% |
5,340,124
-362,716
| -6% | -$15.7M |
|
77
Goldman Sachs
GS
$311B
| $221M | 0.3% |
683,923
+26,768
| +4% | +$8.94M |
|
78
Envista
NVST
$4.55B
| $211M | 0.29% |
7,557,102
+172,829
| +2% | +$5.6M |
|
79
Verisk Analytics
VRSK
$25.1B
| $207M | 0.28% |
875,348
-238,130
| -21% | -$56.1M |
|
80
Humana
HUM
$43.5B
| $207M | 0.28% |
424,980
-97,085
| -19% | -$45.6M |
|
81
Infosys
INFY
$51B
| $205M | 0.28% |
12,002,749
-2,873,264
| -19% | -$49M |
|
82
America Movil
AMX
$74.7B
| $198M | 0.27% |
11,441,133
+952,521
| +9% | +$18.6M |
|
83
Otis Worldwide
OTIS
$28B
| $195M | 0.26% |
2,422,103
-518,927
| -18% | -$44.4M |
|
84
LKQ Corp
LKQ
$6.2B
| $192M | 0.26% |
3,876,869
-758,623
| -16% | -$40.6M |
|
85
RELX
RELX
$64.2B
| $186M | 0.25% |
5,533,453
-2,712,812
| -33% | -$89.6M |
|
86
NXP Semiconductors
NXPI
$59.9B
| $186M | 0.25% |
930,391
+101,818
| +12% | +$21.1M |
|
|
87
Fidelity National Information Services
FIS
$22.9B
| $184M | 0.25% |
3,328,124
+2,890,185
| +660% | +$166M |
|
88
VeriSign
VRSN
$27B
| $183M | 0.25% |
902,072
-170,242
| -16% | -$35.3M |
|
89
Unilever
UL
$138B
| $181M | 0.25% |
3,265,564
-1,938,890
| -37% | -$112M |
|
90
PepsiCo
PEP
$190B
| $178M | 0.24% |
1,052,321
-34,213
| -3% | -$6.21M |
|
91
PTC
PTC
$15.4B
| $177M | 0.24% |
1,249,647
-137,217
| -10% | -$19.6M |
|
92
Nordson
NDSN
$17.3B
| $177M | 0.24% |
791,037
+275,240
| +53% | +$65.9M |
|
93
IBM
IBM
$222B
| $176M | 0.24% |
1,256,859
+295,750
| +31% | +$42.1M |
|
94
Cognizant
CTSH
$25.3B
| $176M | 0.24% |
2,600,161
-1,305,650
| -33% | -$90.1M |
|
95
Eli Lilly
LLY
$995B
| $175M | 0.24% |
325,966
-10,389
| -3% | -$5.35M |
|
96
Mastercard
MA
$500B
| $170M | 0.23% |
428,632
+32,167
| +8% | +$12.9M |
|
97
ASE Group
ASX
$85.1B
| $167M | 0.23% |
22,216,528
-8,528,659
| -28% | -$66.3M |
|
98
Public Storage
PSA
$61B
| $162M | 0.22% |
615,154
+521,322
| +556% | +$146M |
|
99
Vale
VALE
$63.1B
| $162M | 0.22% |
12,096,927
-1,686,935
| -12% | -$23M |
|
100
Crown Castle
CCI
$33.9B
| $159M | 0.22% |
1,722,713
-291,714
| -14% | -$30.2M |
|
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.