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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
+9.28%
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
$71.1B
AUM Growth
+$6.09B
(+9.4%)
Cap. Flow
-$4.22B
Cap. Flow
% of AUM
-5.93%
Top 10 Holdings %
Top 10 Hldgs %
23.52%
Holding
1,818
New
187
Increased
438
Reduced
581
Closed
216
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Consolidated Edison
ED
|
+$478M |
| 2 |
Dollar Tree
DLTR
|
+$318M |
| 3 |
Waste Management
WM
|
+$223M |
| 4 |
American Express
AXP
|
+$223M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$202M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$554M |
| 2 |
Apple
AAPL
|
+$510M |
| 3 |
Union Pacific
UNP
|
+$421M |
| 4 |
Lowe's Companies
LOW
|
+$368M |
| 5 |
CSX Corp
CSX
|
+$284M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.24% |
| 2 | Healthcare | 15.36% |
| 3 | Financials | 11.94% |
| 4 | Consumer Discretionary | 9.91% |
| 5 | Industrials | 9.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Autodesk
ADSK
$50.1B
| $142M | 0.2% |
614,367
+5,773
| +0.9% | +$1.37M |
|
102
Unilever
UL
$138B
| $139M | 0.2% |
2,006,594
-29,130
| -1% | -$1.94M |
|
103
3M
MMM
$93.6B
| $133M | 0.19% |
992,620
-130,651
| -12% | -$17.6M |
|
104
UnitedHealth
UNH
$370B
| $131M | 0.18% |
420,826
+14,215
| +3% | +$4.37M |
|
105
Caterpillar
CAT
$404B
| $130M | 0.18% |
871,383
-28,441
| -3% | -$4M |
|
106
iShares Core S&P 500 ETF
IVV
$900B
| $129M | 0.18% |
384,492
-14,714
| -4% | -$4.9M |
|
107
CVS Health
CVS
$133B
| $126M | 0.18% |
2,156,044
+428,888
| +25% | +$26.7M |
|
108
Adobe
ADBE
$102B
| $123M | 0.17% |
250,894
-66,358
| -21% | -$30.9M |
|
109
Target
TGT
$67.3B
| $122M | 0.17% |
773,724
+246,828
| +47% | +$33.9M |
|
110
Cadence Design Systems
CDNS
$93.8B
| $122M | 0.17% |
1,140,953
+95,596
| +9% | +$10.1M |
|
111
Deere & Co
DE
$167B
| $119M | 0.17% |
535,205
+22,026
| +4% | +$4.25M |
|
112
iShares Core MSCI Emerging Markets ETF
IEMG
$156B
| $116M | 0.16% |
2,202,322
-376,935
| -15% | -$19.8M |
|
|
UN
113
DELISTED
Unilever NV New York Registry Shares
UN
| $112M | 0.16% |
1,851,498
-104,908
| -5% | -$6.08M |
|
114
Eli Lilly
LLY
$995B
| $110M | 0.15% |
742,773
+167,471
| +29% | +$25.9M |
|
115
Cognex
CGNX
$11.9B
| $106M | 0.15% |
1,620,634
-53,703
| -3% | -$3.47M |
|
116
Vanguard FTSE Emerging Markets ETF
VWO
$123B
| $105M | 0.15% |
2,424,745
-424,339
| -15% | -$18.4M |
|
117
New Oriental
EDU
$8.96B
| $102M | 0.14% |
684,802
-236,767
| -26% | -$34.2M |
|
|
AZPN
118
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $99.3M | 0.14% |
784,668
-1,370
| -0.2% | -$173K |
|
119
Cencora
COR
$59.6B
| $96M | 0.13% |
990,533
+196,178
| +25% | +$19.5M |
|
120
Trimble
TRMB
$13.9B
| $94.4M | 0.13% |
1,938,940
-64,251
| -3% | -$3.07M |
|
121
Canadian National Railway
CNI
$77B
| $91.8M | 0.13% |
862,421
-13,787
| -2% | -$1.38M |
|
122
Comcast
CMCSA
$88.5B
| $91.4M | 0.13% |
1,974,962
-1,037,508
| -34% | -$45.1M |
|
123
McKesson
MCK
$97.2B
| $89.9M | 0.13% |
603,500
+436,159
| +261% | +$66.2M |
|
|
CAF
124
Morgan Stanley China A Share Fund
CAF
$319M
| $89M | 0.13% |
4,216,405
-14,892
| -0.4% | -$320K |
|
125
NXP Semiconductors
NXPI
$59.9B
| $89M | 0.13% |
713,076
-9,987
| -1% | -$1.22M |
|
Similar funds
QCM
Lazard Asset Management's Q3 2020 Portfolio in Review
As of Q3 2020, Lazard Asset Management held 1,818 positions worth $71.1B, up 9.4% from $65.1B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $4.22B in Q3 2020, closing 216 positions and reducing 581 holdings. Its most notable exit was 58.com Inc, an estimated $71.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 23% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Kingsoft Cloud Holdings worth $57.6M.
- Lazard Asset Management's largest Q3 2020 buy was Kingsoft Cloud Holdings: 1,949,052 shares worth $57.6M.
- Lazard Asset Management added most to Consolidated Edison in Q3 2020, an estimated $478M increase.
- Lazard Asset Management's biggest Q3 2020 reduction was Norfolk Southern, cutting an estimated $554M.
- Lazard Asset Management fully exited 58.com Inc in Q3 2020, selling an estimated $71.7M.
- Lazard Asset Management's ten largest holdings make up 24% of its $71.1B portfolio in Q3 2020.
- Lazard Asset Management opened 187 new positions and closed 216 in Q3 2020.
- Lazard Asset Management's portfolio value rose 9.4% quarter-over-quarter to $71.1B.
Based on Lazard Asset Management's 13F filing for Q3 2020, filed 13 Nov 2020.