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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
+6.48%
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
$76.3B
AUM Growth
+$3.71B
Cap. Flow
-$8.32B
Cap. Flow %
-10.91%
Top 10 Hldgs %
21.64%
Holding
2,644
New
223
Increased
746
Reduced
756
Closed
309

Top Buys

Rank Stock Value
1
NSC icon
Norfolk Southern
NSC
+$315M
2
UNH icon
UnitedHealth
UNH
+$251M
3
UNP icon
Union Pacific
UNP
+$248M
4
CVX icon
Chevron
CVX
+$165M
5
CYBR
CyberArk
CYBR
+$161M

Top Sells

Rank Stock Value
1
ADI icon
Analog Devices
ADI
+$252M
2
AON icon
Aon
AON
+$184M
3
META icon
Meta Platforms (Facebook)
META
+$160M
4
PNC icon
PNC Financial Services
PNC
+$156M
5
PYPL icon
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
KBH icon
1101
KB Home
KBH
$3.59B
$185K ﹤0.01%
4,625
– –
VRTV
1102
DELISTED
VERITIV CORPORATION
VRTV
$185K ﹤0.01%
1,376
+500
+57% +$64K
DNOW icon
1103
DNOW Inc
DNOW
$2.99B
$184K ﹤0.01%
16,563
– –
MRC
1104
DELISTED
MRC Global
MRC
$184K ﹤0.01%
18,962
-77,235
-80% -$877K
PBT
1105
Permian Basin Royalty Trust
PBT
$1.49B
$184K ﹤0.01%
7,577
– –
MMT
1106
Aberdeen Multi-Market Income Fund
MMT
$243M
– –
0
– –
CNH
1107
CNH Industrial
CNH
$17.5B
$183K ﹤0.01%
12,031
– –
AYI icon
1108
Acuity Brands
AYI
$10.8B
$182K ﹤0.01%
998
-966
-49% -$178K
KE
1109
Kimball Electronics
KE
$628M
$181K ﹤0.01%
7,535
+325
+5% +$7.92K
SCPL
1110
DELISTED
SciPlay Corporation Class A Common Stock
SCPL
$179K ﹤0.01%
10,596
+2,366
+29% +$38.8K
IIIN icon
1111
Insteel Industries
IIIN
$625M
$178K ﹤0.01%
6,430
– –
APLE icon
1112
Apple Hospitality REIT
APLE
$3.82B
$176K ﹤0.01%
11,345
-8,878
-44% -$145K
PRGS icon
1113
Progress Software
PRGS
$1.76B
$176K ﹤0.01%
3,080
-1,514
-33% -$84.4K
DIOD icon
1114
Diodes
DIOD
$4.84B
$175K ﹤0.01%
1,891
– –
FF icon
1115
Future Fuel
FF
$223M
$175K ﹤0.01%
23,826
+2,641
+12% +$22.7K
IVE icon
1116
iShares S&P 500 Value ETF
IVE
$49.8B
$174K ﹤0.01%
1,150
– –
IWD icon
1117
iShares Russell 1000 Value ETF
IWD
$83.7B
$173K ﹤0.01%
1,138
-2,096
-65% -$324K
JBSS icon
1118
John B. Sanfilippo & Son
JBSS
$972M
$173K ﹤0.01%
1,788
– –
GEF icon
1119
Greif
GEF
$5.04B
$172K ﹤0.01%
2,729
+85
+3% +$5.7K
FOLD
1120
DELISTED
Amicus Therapeutics
FOLD
$170K ﹤0.01%
15,380
+1,187
+8% +$14.6K
APO icon
1121
Apollo Global Management
APO
$73.4B
$168K ﹤0.01%
2,669
-39,595
-94% -$2.65M
EXTR icon
1122
Extreme Networks
EXTR
$3.15B
$168K ﹤0.01%
8,790
+4,630
+111% +$85.4K
MASI
1123
DELISTED
Masimo
MASI
$168K ﹤0.01%
911
-13
-1% -$2.19K
PENG
1124
Penguin Solutions Inc
PENG
$2.99B
$168K ﹤0.01%
9,779
-167,918
-94% -$2.8M
HEI.A icon
1125
HEICO Corp Class A
HEI.A
$37.2B
$167K ﹤0.01%
+1,239
New +$164K
43 44
45
46 47

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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.