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Lazard Asset Management

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
Cap. Flow
-$1.39B
Cap. Flow %
-3.33%
Top 10 Hldgs %
20.95%
Holding
1,239
New
122
Increased
360
Reduced
365
Closed
160

Top Buys

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$331M
2
BXLT
BAXALTA INC COM STK (DE)
BXLT
+$315M
3
MNK
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
+$310M
4
AMX icon
America Movil
AMX
+$263M
5
AON icon
Aon
AON
+$213M

Top Sells

Rank Stock Value
1
XRX icon
Xerox
XRX
+$467M
2
BAX icon
Baxter International
BAX
+$455M
3
TEVA icon
Teva Pharmaceuticals
TEVA
+$309M
4
CMA
Comerica
CMA
+$247M
5
VTRS icon
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
HSIC icon
1026
Henry Schein
HSIC
$9.77B
– –
-357
Closed -$19K
HUM icon
1027
Humana
HUM
$43.9B
– –
-15,000
Closed -$2.87M
INDA icon
1028
iShares MSCI India ETF
INDA
$6.9B
– –
-221,600
Closed -$6.71M
KNX icon
1029
Knight Transportation
KNX
$11.4B
– –
-37,535
Closed -$1M
LPLA icon
1030
LPL Financial
LPLA
$28.3B
– –
-258
Closed -$11K
LUV icon
1031
Southwest Airlines
LUV
$22.1B
– –
-88,749
Closed -$2.94M
LXU icon
1032
LSB Industries
LXU
$779M
– –
-5,623
Closed -$176K
MATV icon
1033
Mativ Holdings
MATV
$483M
– –
-498,886
Closed -$19.9M
MIDD icon
1034
Middleby
MIDD
$6.04B
– –
-1,950
Closed -$218K
MMYT icon
1035
MakeMyTrip
MMYT
$5.3B
– –
-3,300
Closed -$64K
MOS icon
1036
The Mosaic Company
MOS
$7.06B
– –
-142,590
Closed -$6.68M
MRVL icon
1037
Marvell Technology
MRVL
$173B
– –
-8,000
Closed -$105K
MT icon
1038
ArcelorMittal
MT
$53B
– –
-55,933
Closed -$1.24M
MTDR icon
1039
Matador Resources
MTDR
$6.13B
– –
-8,304
Closed -$207K
MTZ icon
1040
MasTec
MTZ
$21.2B
– –
-317,802
Closed -$6.31M
NNN icon
1041
NNN REIT
NNN
$9.01B
– –
-300
Closed -$10K
NOAH
1042
Noah Holdings
NOAH
$579M
– –
-51,524
Closed -$1.56M
NUE icon
1043
Nucor
NUE
$58.7B
– –
-114
Closed -$5K
NWL icon
1044
Newell Brands
NWL
$2.46B
– –
-705
Closed -$28K
OHI icon
1045
Omega Healthcare
OHI
$15.1B
– –
-9,009
Closed -$309K
OPK icon
1046
Opko Health
OPK
$993M
– –
-78,350
Closed -$1.26M
PDFS icon
1047
PDF Solutions
PDFS
$1.94B
– –
-356
Closed -$5K
PEO
1048
Adams Natural Resources Fund
PEO
$740M
– –
-421,894
Closed -$9.06M
PHG icon
1049
Philips
PHG
$25.6B
– –
-6
Closed –
PPL
1050
PPL Corp
PPL
$26.6B
– –
-6,805
Closed -$200K
40 41
42
43 44

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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.