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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
+13.76%
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
$61.1B
AUM Growth
+$6.8B
(+13%)
Cap. Flow
-$1.88B
Cap. Flow
% of AUM
-3.07%
Top 10 Holdings %
Top 10 Hldgs %
23.3%
Holding
1,241
New
198
Increased
365
Reduced
338
Closed
99
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intercontinental Exchange
ICE
|
+$348M |
| 2 |
Elanco Animal Health
ELAN
|
+$327M |
| 3 |
Norfolk Southern
NSC
|
+$273M |
| 4 |
FISV
Fiserv Inc
FISV
|
+$258M |
| 5 |
Medtronic
MDT
|
+$176M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PG&E
PCG
|
+$490M |
| 2 |
CHL
China Mobile Limited
CHL
|
+$445M |
| 3 |
Edison International
EIX
|
+$392M |
| 4 |
STI
SunTrust Banks, Inc.
STI
|
+$384M |
| 5 |
RTX Corp
RTX
|
+$366M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.22% |
| 2 | Healthcare | 15.06% |
| 3 | Financials | 13.35% |
| 4 | Industrials | 12.52% |
| 5 | Communication Services | 11.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
IPG Photonics
IPGP
$3.6B
| $126M | 0.21% |
828,820
+10,637
| +1% | +$1.51M |
|
102
Suncor Energy
SU
$78.8B
| $125M | 0.2% |
3,849,360
+354,774
| +10% | +$11.6M |
|
|
CMA
103
DELISTED
Comerica
CMA
| $124M | 0.2% |
1,691,345
-556,251
| -25% | -$44.6M |
|
104
Mondelez International
MDLZ
$80.5B
| $122M | 0.2% |
2,449,117
+2,258,403
| +1,184% | +$104M |
|
105
New Oriental
EDU
$9B
| $117M | 0.19% |
1,303,876
+84,842
| +7% | +$6.39M |
|
106
Halliburton
HAL
$26.4B
| $117M | 0.19% |
3,985,728
-130,285
| -3% | -$3.93M |
|
107
Texas Instruments
TXN
$255B
| $116M | 0.19% |
1,093,931
+518,731
| +90% | +$53.7M |
|
108
Simon Property Group
SPG
$74.7B
| $115M | 0.19% |
632,412
+61,887
| +11% | +$11M |
|
109
Qualcomm
QCOM
$159B
| $114M | 0.19% |
2,004,480
+227,301
| +13% | +$12.3M |
|
110
Canadian National Railway
CNI
$76.9B
| $113M | 0.18% |
1,262,495
+7,930
| +0.6% | +$666K |
|
111
UnitedHealth
UNH
$383B
| $112M | 0.18% |
452,011
+92,792
| +26% | +$23.7M |
|
112
Comcast
CMCSA
$84B
| $110M | 0.18% |
2,761,221
-385,541
| -12% | -$14.5M |
|
113
TJX Companies
TJX
$176B
| $109M | 0.18% |
2,051,013
+620,484
| +43% | +$30.9M |
|
114
Sumitomo Mitsui Financial
SMFG
$164B
| $107M | 0.18% |
15,240,847
+1,013,715
| +7% | +$7.25M |
|
115
Merck
MRK
$321B
| $106M | 0.17% |
1,332,595
+1,008,870
| +312% | +$75.5M |
|
116
Sanofi
SNY
$103B
| $106M | 0.17% |
2,384,716
+2,379,716
| +47,594% | +$102M |
|
117
NVIDIA
NVDA
$4.72T
| $106M | 0.17% |
23,508,960
+21,635,400
| +1,155% | +$84M |
|
118
Molson Coors Class B
TAP
$7.79B
| $105M | 0.17% |
1,762,836
-1,241,001
| -41% | -$76.6M |
|
119
Intuit
INTU
$86.3B
| $103M | 0.17% |
394,018
+85,300
| +28% | +$19.7M |
|
120
Banco Bradesco
BBD
$37.9B
| $102M | 0.17% |
14,909,191
+2,118,028
| +17% | +$15.2M |
|
121
Amazon
AMZN
$2.53T
| $98.3M | 0.16% |
1,103,500
+262,140
| +31% | +$21.8M |
|
|
ATVI
122
DELISTED
Activision Blizzard
ATVI
| $96.3M | 0.16% |
2,116,010
+1,786,992
| +543% | +$80.8M |
|
123
Silicon Motion
SIMO
$8.65B
| $93.9M | 0.15% |
2,369,420
+33,740
| +1% | +$1.31M |
|
124
Autohome
ATHM
$2.63B
| $91M | 0.15% |
865,926
+57,405
| +7% | +$4.73M |
|
125
Nike
NKE
$62.7B
| $91M | 0.15% |
1,080,907
+190,519
| +21% | +$15.7M |
|
Similar funds
QCM
Lazard Asset Management's Q1 2019 Portfolio in Review
As of Q1 2019, Lazard Asset Management held 1,241 positions worth $61.1B, up 13% from $54.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Lazard Asset Management withdrew a net $1.88B in Q1 2019, closing 99 positions and reducing 338 holdings. Its most notable exit was PG&E, an estimated $490M position sold in full.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Elanco Animal Health worth $341M.
- Lazard Asset Management's largest Q1 2019 buy was Elanco Animal Health: 10,640,964 shares worth $341M.
- Lazard Asset Management added most to Intercontinental Exchange in Q1 2019, an estimated $348M increase.
- Lazard Asset Management's biggest Q1 2019 reduction was China Mobile Limited, cutting an estimated $445M.
- Lazard Asset Management fully exited PG&E in Q1 2019, selling an estimated $490M.
- Lazard Asset Management's ten largest holdings make up 23% of its $61.1B portfolio in Q1 2019.
- Lazard Asset Management opened 198 new positions and closed 99 in Q1 2019.
- Lazard Asset Management's portfolio value rose 13% quarter-over-quarter to $61.1B.
Based on Lazard Asset Management's 13F filing for Q1 2019, filed 13 May 2019.