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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
+6.46%
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
$81.2B
AUM Growth
+$4.94B
(+6.5%)
Cap. Flow
-$6.14B
Cap. Flow
% of AUM
-7.55%
Top 10 Holdings %
Top 10 Hldgs %
23.23%
Holding
2,627
New
307
Increased
786
Reduced
648
Closed
292
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Exelon
EXC
|
+$410M |
| 2 |
American Electric Power
AEP
|
+$309M |
| 3 |
UnitedHealth
UNH
|
+$239M |
| 4 |
Johnson & Johnson
JNJ
|
+$235M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$214M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dollar General
DG
|
+$330M |
| 2 |
Consolidated Edison
ED
|
+$330M |
| 3 |
PNC Financial Services
PNC
|
+$284M |
| 4 |
Salesforce
CRM
|
+$173M |
| 5 |
FISV
Fiserv Inc
FISV
|
+$173M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.56% |
| 2 | Healthcare | 13.87% |
| 3 | Financials | 13.3% |
| 4 | Industrials | 12.02% |
| 5 | Consumer Discretionary | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Merck
MRK
$322B
| $177M | 0.22% |
1,535,618
-13,699
| -0.9% | -$1.56M |
|
102
HSBC
HSBC
$365B
| $175M | 0.22% |
4,422,142
+1,364,367
| +45% | +$50.9M |
|
103
Stryker
SYK
$125B
| $174M | 0.21% |
569,110
+6,821
| +1% | +$1.97M |
|
104
NXP Semiconductors
NXPI
$57.8B
| $170M | 0.21% |
828,573
+157,062
| +23% | +$27.9M |
|
105
Microchip Technology
MCHP
$40.3B
| $167M | 0.21% |
1,866,305
+153,846
| +9% | +$12.1M |
|
106
Eli Lilly
LLY
$1.02T
| $158M | 0.19% |
336,355
-37,846
| -10% | -$15.9M |
|
107
Mastercard
MA
$506B
| $156M | 0.19% |
396,465
+11,525
| +3% | +$4.32M |
|
108
Live Nation Entertainment
LYV
$40.5B
| $155M | 0.19% |
1,704,457
+1,448,542
| +566% | +$113M |
|
109
Autodesk
ADSK
$49.5B
| $150M | 0.18% |
732,775
+34,401
| +5% | +$6.88M |
|
110
Kimberly-Clark
KMB
$36.3B
| $146M | 0.18% |
1,056,796
+709,670
| +204% | +$98.8M |
|
111
Omnicom Group
OMC
$21.6B
| $145M | 0.18% |
1,529,016
+203
| +0% | +$18.8K |
|
112
Tapestry
TPR
$30.8B
| $144M | 0.18% |
3,358,110
-92,276
| -3% | -$3.84M |
|
113
Deere & Co
DE
$160B
| $143M | 0.18% |
351,995
+17,711
| +5% | +$6.77M |
|
114
IPG Photonics
IPGP
$3.61B
| $141M | 0.17% |
1,040,224
-46,508
| -4% | -$5.48M |
|
115
iShares Core S&P 500 ETF
IVV
$878B
| $140M | 0.17% |
315,202
-12,362
| -4% | -$5.21M |
|
116
Ternium
TX
$9.67B
| $140M | 0.17% |
3,527,568
+376,105
| +12% | +$15.2M |
|
|
FISV
117
Fiserv Inc
FISV
$28.8B
| $138M | 0.17% |
1,090,725
-1,465,832
| -57% | -$173M |
|
118
Eaton
ETN
$161B
| $136M | 0.17% |
677,708
-2,893
| -0.4% | -$509K |
|
119
Suncor Energy
SU
$79.4B
| $133M | 0.16% |
4,549,937
+1,454,920
| +47% | +$43.5M |
|
120
Tesla
TSLA
$1.23T
| $130M | 0.16% |
497,288
+17,854
| +4% | +$3.57M |
|
121
W.W. Grainger
GWW
$65.3B
| $129M | 0.16% |
163,998
+386
| +0.2% | +$266K |
|
122
IBM
IBM
$211B
| $129M | 0.16% |
961,109
+922,124
| +2,365% | +$119M |
|
123
Nordson
NDSN
$16.6B
| $128M | 0.16% |
515,797
+431,554
| +512% | +$96.3M |
|
124
Pediatrix Medical
MD
$2.18B
| $116M | 0.14% |
8,188,063
+51,947
| +0.6% | +$729K |
|
125
Texas Instruments
TXN
$252B
| $113M | 0.14% |
629,314
+151,615
| +32% | +$26.1M |
|
Similar funds
QCM
Lazard Asset Management's Q2 2023 Portfolio in Review
As of Q2 2023, Lazard Asset Management held 2,627 positions worth $81.2B, up 6.5% from $76.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Lazard Asset Management withdrew a net $6.14B in Q2 2023, closing 292 positions and reducing 648 holdings. Its most notable exit was ABB Ltd, an estimated $107M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Nice worth $14.7M.
- Lazard Asset Management's largest Q2 2023 buy was Nice: 71,266 shares worth $14.7M.
- Lazard Asset Management added most to Exelon in Q2 2023, an estimated $410M increase.
- Lazard Asset Management's biggest Q2 2023 reduction was Dollar General, cutting an estimated $330M.
- Lazard Asset Management fully exited ABB Ltd in Q2 2023, selling an estimated $107M.
- Lazard Asset Management's ten largest holdings make up 23% of its $81.2B portfolio in Q2 2023.
- Lazard Asset Management opened 307 new positions and closed 292 in Q2 2023.
- Lazard Asset Management's portfolio value rose 6.5% quarter-over-quarter to $81.2B.
Based on Lazard Asset Management's 13F filing for Q2 2023, filed 15 Aug 2023.