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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
+19.82%
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
$65.1B
AUM Growth
+$10.5B
(+19%)
Cap. Flow
-$2.67B
Cap. Flow
% of AUM
-4.11%
Top 10 Holdings %
Top 10 Hldgs %
24.98%
Holding
1,852
New
285
Increased
466
Reduced
633
Closed
242
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MRSH
Marsh
MRSH
|
+$327M |
| 2 |
CSX Corp
CSX
|
+$258M |
| 3 |
Dollar Tree
DLTR
|
+$242M |
| 4 |
Southwest Gas
SWX
|
+$181M |
| 5 |
Microsoft
MSFT
|
+$175M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$507M |
| 2 |
Aon
AON
|
+$404M |
| 3 |
NetEase
NTES
|
+$320M |
| 4 |
CHL
China Mobile Limited
CHL
|
+$244M |
| 5 |
KSU
Kansas City Southern
KSU
|
+$233M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.57% |
| 2 | Healthcare | 14.85% |
| 3 | Financials | 11.9% |
| 4 | Industrials | 10.08% |
| 5 | Communication Services | 9.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Mastercard
MA
$502B
| $128M | 0.2% |
433,990
+6,234
| +1% | +$1.76M |
|
102
Intuit
INTU
$86.5B
| $128M | 0.2% |
431,373
+27,676
| +7% | +$7.59M |
|
103
Unilever
UL
$137B
| $126M | 0.19% |
2,035,724
-27,148
| -1% | -$1.62M |
|
104
Merck
MRK
$322B
| $125M | 0.19% |
1,693,944
-24,805
| -1% | -$1.87M |
|
105
iShares Core S&P 500 ETF
IVV
$878B
| $124M | 0.19% |
399,206
-14,008
| -3% | -$4.11M |
|
106
iShares Core MSCI Emerging Markets ETF
IEMG
$150B
| $123M | 0.19% |
2,579,257
+2,372,620
| +1,148% | +$106M |
|
107
New Oriental
EDU
$9.37B
| $120M | 0.18% |
921,569
-327,252
| -26% | -$39.9M |
|
108
UnitedHealth
UNH
$376B
| $120M | 0.18% |
406,611
+12,194
| +3% | +$3.49M |
|
109
Comcast
CMCSA
$85B
| $117M | 0.18% |
3,012,470
+429,499
| +17% | +$16.4M |
|
110
Caterpillar
CAT
$375B
| $114M | 0.18% |
899,824
-790,424
| -47% | -$93.7M |
|
111
Vanguard FTSE Emerging Markets ETF
VWO
$121B
| $113M | 0.17% |
2,849,084
+2,627,542
| +1,186% | +$97.3M |
|
|
SPLK
112
DELISTED
Splunk Inc
SPLK
| $113M | 0.17% |
567,400
-3,080
| -0.5% | -$487K |
|
113
CVS Health
CVS
$133B
| $112M | 0.17% |
1,727,156
+479,480
| +38% | +$30.2M |
|
|
UN
114
DELISTED
Unilever NV New York Registry Shares
UN
| $104M | 0.16% |
1,956,406
+200,205
| +11% | +$10.2M |
|
115
Cadence Design Systems
CDNS
$93.6B
| $100M | 0.15% |
1,045,357
+502,809
| +93% | +$42.1M |
|
116
Cognex
CGNX
$10.9B
| $100M | 0.15% |
1,674,337
-204,763
| -11% | -$11.1M |
|
117
Citigroup
C
$222B
| $99.8M | 0.15% |
1,954,007
-52,458
| -3% | -$2.49M |
|
118
EOG Resources
EOG
$79.2B
| $97.1M | 0.15% |
1,916,261
-713,808
| -27% | -$34.6M |
|
119
Eli Lilly
LLY
$1.02T
| $94.5M | 0.15% |
575,302
+17,978
| +3% | +$2.76M |
|
120
Autohome
ATHM
$2.67B
| $90.6M | 0.14% |
1,200,276
+1,153,009
| +2,439% | +$90.2M |
|
121
Prudential
PUK
$37.6B
| $87.9M | 0.14% |
2,982,408
-1,619,110
| -35% | -$42.8M |
|
122
Trimble
TRMB
$13.2B
| $86.5M | 0.13% |
2,003,191
-85,548
| -4% | -$3.21M |
|
123
Oracle
ORCL
$374B
| $83.4M | 0.13% |
1,508,353
-184,351
| -11% | -$9.77M |
|
124
Hershey
HSY
$35.2B
| $82.7M | 0.13% |
637,837
-57,650
| -8% | -$7.75M |
|
|
CAF
125
Morgan Stanley China A Share Fund
CAF
$322M
| $82.6M | 0.13% |
4,231,297
+82,752
| +2% | +$1.55M |
|
Similar funds
QCM
Lazard Asset Management's Q2 2020 Portfolio in Review
As of Q2 2020, Lazard Asset Management held 1,852 positions worth $65.1B, up 19% from $54.6B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Lazard Asset Management withdrew a net $2.67B in Q2 2020, closing 242 positions and reducing 633 holdings. Its most notable exit was Raytheon Company, an estimated $201M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Dollar Tree worth $268M.
- Lazard Asset Management's largest Q2 2020 buy was Dollar Tree: 2,895,458 shares worth $268M.
- Lazard Asset Management added most to Marsh in Q2 2020, an estimated $327M increase.
- Lazard Asset Management's biggest Q2 2020 reduction was Norfolk Southern, cutting an estimated $507M.
- Lazard Asset Management fully exited Raytheon Company in Q2 2020, selling an estimated $201M.
- Lazard Asset Management's ten largest holdings make up 25% of its $65.1B portfolio in Q2 2020.
- Lazard Asset Management opened 285 new positions and closed 242 in Q2 2020.
- Lazard Asset Management's portfolio value rose 19% quarter-over-quarter to $65.1B.
Based on Lazard Asset Management's 13F filing for Q2 2020, filed 13 Aug 2020.