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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
-3.24%
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
$73.5B
AUM Growth
-$7.73B
(-9.5%)
Cap. Flow
-$10.4B
Cap. Flow
% of AUM
-14.12%
Top 10 Holdings %
Top 10 Hldgs %
24.14%
Holding
2,549
New
227
Increased
861
Reduced
712
Closed
243
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPL
PPL Corp
PPL
|
+$301M |
| 2 |
Estee Lauder
EL
|
+$252M |
| 3 |
Boeing
BA
|
+$251M |
| 4 |
Kenvue
KVUE
|
+$174M |
| 5 |
Fidelity National Information Services
FIS
|
+$166M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$547M |
| 2 |
Union Pacific
UNP
|
+$459M |
| 3 |
Pinnacle West Capital
PNW
|
+$203M |
| 4 |
Wells Fargo
WFC
|
+$199M |
| 5 |
Bank of America
BAC
|
+$199M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.75% |
| 2 | Healthcare | 13.74% |
| 3 | Financials | 13.36% |
| 4 | Industrials | 11.58% |
| 5 | Consumer Discretionary | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Merck
MRK
$315B
| $156M | 0.21% |
1,514,413
-21,205
| -1% | -$2.29M |
|
102
Autodesk
ADSK
$49.9B
| $155M | 0.21% |
749,179
+16,404
| +2% | +$3.45M |
|
|
103
Kenvue
KVUE
$36.7B
| $151M | 0.21% |
7,538,169
+7,520,578
| +42,752% | +$174M |
|
104
Stryker
SYK
$128B
| $150M | 0.2% |
550,229
-18,881
| -3% | -$5.41M |
|
105
Skyworks Solutions
SWKS
$9.8B
| $145M | 0.2% |
1,473,203
-861,588
| -37% | -$91.6M |
|
106
Vulcan Materials
VMC
$36.7B
| $145M | 0.2% |
718,122
-193,915
| -21% | -$42.2M |
|
107
Eaton
ETN
$171B
| $144M | 0.2% |
676,857
-851
| -0.1% | -$183K |
|
|
BRSL
108
Brightstar Lottery PLC
BRSL
$2.04B
| $144M | 0.2% |
4,739,072
-1,366,911
| -22% | -$43.6M |
|
109
Microchip Technology
MCHP
$43.1B
| $139M | 0.19% |
1,783,124
-83,181
| -4% | -$6.96M |
|
|
CYBR
110
DELISTED
CyberArk
CYBR
| $139M | 0.19% |
848,220
-709,746
| -46% | -$114M |
|
111
Sociedad Química y Minera de Chile
SQM
$19.4B
| $137M | 0.19% |
2,293,216
-152,755
| -6% | -$10.3M |
|
|
NVO
112
Novo Nordisk
NVO
$210B
| $136M | 0.18% |
1,494,214
+435,066
| +41% | +$38.3M |
|
113
iShares Core S&P 500 ETF
IVV
$896B
| $135M | 0.18% |
315,379
+177
| +0.1% | +$79.2K |
|
114
Kimberly-Clark
KMB
$36.2B
| $135M | 0.18% |
1,120,602
+63,806
| +6% | +$8.24M |
|
115
Coca-Cola Europacific Partners
CCEP
$46B
| $129M | 0.17% |
2,056,816
-745,482
| -27% | -$47.4M |
|
116
BP
BP
$109B
| $128M | 0.17% |
3,294,339
-3,648,761
| -53% | -$135M |
|
117
Ternium
TX
$9.98B
| $125M | 0.17% |
3,132,957
-394,611
| -11% | -$16.3M |
|
118
Deere & Co
DE
$166B
| $119M | 0.16% |
316,464
-35,531
| -10% | -$14.7M |
|
119
Tesla
TSLA
$1.28T
| $116M | 0.16% |
464,321
-32,967
| -7% | -$8.47M |
|
120
HSBC
HSBC
$368B
| $116M | 0.16% |
2,928,897
-1,493,245
| -34% | -$58.8M |
|
|
FISV
121
Fiserv Inc
FISV
$29.1B
| $115M | 0.16% |
1,014,578
-76,147
| -7% | -$9.38M |
|
122
Chubb
CB
$134B
| $114M | 0.15% |
546,556
+495,860
| +978% | +$100M |
|
123
Live Nation Entertainment
LYV
$42.9B
| $112M | 0.15% |
1,348,932
-355,525
| -21% | -$31M |
|
124
Broadcom
AVGO
$1.97T
| $105M | 0.14% |
1,262,990
-2,800
| -0.2% | -$243K |
|
125
Pediatrix Medical
MD
$2.05B
| $105M | 0.14% |
8,233,761
+45,698
| +0.6% | +$627K |
|
Similar funds
QCM
Lazard Asset Management's Q3 2023 Portfolio in Review
As of Q3 2023, Lazard Asset Management held 2,549 positions worth $73.5B, down 9.5% from $81.2B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $10.4B in Q3 2023, closing 243 positions and reducing 712 holdings. Its most notable exit was Littelfuse, an estimated $24.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in ScottsMiracle-Gro worth $28.3M.
- Lazard Asset Management's largest Q3 2023 buy was ScottsMiracle-Gro: 548,310 shares worth $28.3M.
- Lazard Asset Management added most to PPL Corp in Q3 2023, an estimated $301M increase.
- Lazard Asset Management's biggest Q3 2023 reduction was Johnson & Johnson, cutting an estimated $547M.
- Lazard Asset Management fully exited Littelfuse in Q3 2023, selling an estimated $24.3M.
- Lazard Asset Management's ten largest holdings make up 24% of its $73.5B portfolio in Q3 2023.
- Lazard Asset Management opened 227 new positions and closed 243 in Q3 2023.
- Lazard Asset Management's portfolio value fell 9.5% quarter-over-quarter to $73.5B.
Based on Lazard Asset Management's 13F filing for Q3 2023, filed 14 Nov 2023.