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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
+302.07%
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 | |
|---|---|---|---|---|---|---|
76
Omnicom Group
OMC
$21.7B
| $227M | 0.29% |
2,622,539
-409,726
| -14% | -$32.3M |
|
77
Nordson
NDSN
$16.9B
| $225M | 0.29% |
853,574
+62,537
| +8% | +$14.5M |
|
|
78
Meta Platforms (Facebook)
META
$1.5T
| $223M | 0.28% |
629,662
-1,191,496
| -65% | -$388M |
|
79
Infosys
INFY
$49.6B
| $217M | 0.27% |
11,781,785
-220,964
| -2% | -$3.85M |
|
80
Autodesk
ADSK
$49.6B
| $215M | 0.27% |
881,585
+132,406
| +18% | +$28.6M |
|
81
NXP Semiconductors
NXPI
$56.5B
| $212M | 0.27% |
924,922
-5,469
| -0.6% | -$1.1M |
|
82
America Movil
AMX
$74.9B
| $211M | 0.27% |
11,399,630
-41,503
| -0.4% | -$729K |
|
83
IBM
IBM
$213B
| $206M | 0.26% |
1,260,922
+4,063
| +0.3% | +$614K |
|
|
FISV
84
Fiserv Inc
FISV
$29B
| $201M | 0.25% |
1,516,845
+502,267
| +50% | +$61.6M |
|
85
Cognizant
CTSH
$24.9B
| $197M | 0.25% |
2,613,038
+12,877
| +0.5% | +$889K |
|
86
PTC
PTC
$16.2B
| $197M | 0.25% |
1,124,192
-125,455
| -10% | -$19.2M |
|
87
ASE Group
ASX
$80.7B
| $195M | 0.25% |
20,724,420
-1,492,108
| -7% | -$12.4M |
|
88
Crown Castle
CCI
$33.5B
| $193M | 0.24% |
1,675,785
-46,928
| -3% | -$4.81M |
|
89
Public Storage
PSA
$60.9B
| $191M | 0.24% |
624,954
+9,800
| +2% | +$2.6M |
|
90
RELX
RELX
$63.1B
| $190M | 0.24% |
4,803,298
-730,155
| -13% | -$26.9M |
|
|
91
Ulta Beauty
ULTA
$23B
| $190M | 0.24% |
387,211
+380,802
| +5,942% | +$161M |
|
92
Vale
VALE
$62B
| $187M | 0.24% |
11,783,559
-313,368
| -3% | -$4.49M |
|
93
Verisk Analytics
VRSK
$25.1B
| $187M | 0.24% |
781,034
-94,314
| -11% | -$22.3M |
|
94
Qualcomm
QCOM
$159B
| $185M | 0.23% |
1,280,092
+492,287
| +62% | +$61M |
|
95
Eli Lilly
LLY
$1,000B
| $185M | 0.23% |
317,466
-8,500
| -3% | -$4.96M |
|
|
BRSL
96
Brightstar Lottery PLC
BRSL
$1.86B
| $180M | 0.23% |
6,580,890
+1,841,818
| +39% | +$51.6M |
|
97
PepsiCo
PEP
$191B
| $180M | 0.23% |
1,060,050
+7,729
| +0.7% | +$1.28M |
|
98
Henry Schein
HSIC
$9.85B
| $175M | 0.22% |
2,315,177
+1,067,843
| +86% | +$74.7M |
|
99
Fidelity National Information Services
FIS
$23.1B
| $174M | 0.22% |
2,894,485
-433,639
| -13% | -$23.8M |
|
100
Otis Worldwide
OTIS
$27.5B
| $174M | 0.22% |
1,942,756
-479,347
| -20% | -$39.9M |
|
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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.