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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
+305.76%
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 | |
|---|---|---|---|---|---|---|
1026
Argan
AGX
$8.37B
| $358K | ﹤0.01% |
7,677
+4,760
| +163% | +$217K |
|
1027
Worthington Enterprises
WOR
$2.86B
| $358K | ﹤0.01% |
+6,228
| New | +$274K |
|
1028
Photronics
PLAB
$1.93B
| $357K | ﹤0.01% |
11,412
+193
| +2% | +$4.29K |
|
1029
EastGroup Properties
EGP
$10.9B
| $356K | ﹤0.01% |
1,943
+2
| +0.1% | +$341 |
|
1030
Synchrony
SYF
$25.6B
| $355K | ﹤0.01% |
9,319
-6,219
| -40% | -$197K |
|
1031
Daktronics
DAKT
$1.04B
| $354K | ﹤0.01% |
41,765
+9,647
| +30% | +$92.1K |
|
|
CDMO
1032
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $351K | ﹤0.01% |
+54,000
| New | +$348K |
|
1033
Powell Industries
POWL
$7.71B
| $347K | ﹤0.01% |
11,778
+1,644
| +16% | +$45.8K |
|
1034
Supernus Pharmaceuticals
SUPN
$2.77B
| $346K | ﹤0.01% |
11,981
+76
| +0.6% | +$2.02K |
|
1035
NeoGenomics
NEO
$2.13B
| $344K | ﹤0.01% |
+21,282
| New | +$348K |
|
1036
United Bankshares
UBSI
$6.62B
| $344K | ﹤0.01% |
+9,185
| New | +$292K |
|
1037
Cavco Industries
CVCO
$4.55B
| $343K | ﹤0.01% |
990
-23
| -2% | -$6.55K |
|
|
FITB
1038
Fifth Third Bancorp
FITB
$51.8B
| $343K | ﹤0.01% |
9,990
-7,256
| -42% | -$201K |
|
|
HSII
1039
DELISTED
Heidrick & Struggles
HSII
| $340K | ﹤0.01% |
+11,533
| New | +$306K |
|
1040
Mercantile Bank Corp
MBWM
$1.05B
| $340K | ﹤0.01% |
8,431
+2,119
| +34% | +$74.2K |
|
1041
Progress Software
PRGS
$1.76B
| $340K | ﹤0.01% |
6,269
-189
| -3% | -$10K |
|
1042
iShares Silver Trust
SLV
$30.7B
| $340K | ﹤0.01% |
15,654
-6,200
| -28% | -$132K |
|
1043
Goosehead Insurance
GSHD
$2.32B
| $339K | ﹤0.01% |
+4,476
| New | +$323K |
|
1044
PDF Solutions
PDFS
$2.07B
| $339K | ﹤0.01% |
10,573
+4,944
| +88% | +$150K |
|
1045
Factset
FDS
$10.2B
| $338K | ﹤0.01% |
711
-6,802
| -91% | -$3.06M |
|
|
WCN
1046
Waste Connections
WCN
$42B
| $338K | ﹤0.01% |
2,268
+1,209
| +114% | +$166K |
|
1047
Hormel Foods
HRL
$13.8B
| $337K | ﹤0.01% |
10,512
+3,422
| +48% | +$112K |
|
1048
Ionis Pharmaceuticals
IONS
$9.4B
| $335K | ﹤0.01% |
6,641
+84
| +1% | +$4.02K |
|
1049
Yum! Brands
YUM
$41.1B
| $335K | ﹤0.01% |
2,567
-197
| -7% | -$24.6K |
|
1050
Norwegian Cruise Line
NCLH
$8.84B
| $334K | ﹤0.01% |
16,704
-59,749
| -78% | -$958K |
|
Similar funds
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.