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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
+11.1%
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
$79B
AUM Growth
+$5.52B
(+7.5%)
Cap. Flow
-$7.01B
Cap. Flow
% of AUM
-8.87%
Top 10 Holdings %
Top 10 Hldgs %
24.46%
Holding
2,559
New
284
Increased
737
Reduced
832
Closed
260
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chubb
CB
|
+$555M |
| 2 |
American Electric Power
AEP
|
+$272M |
| 3 |
Ulta Beauty
ULTA
|
+$161M |
| 4 |
CVS Health
CVS
|
+$160M |
| 5 |
McDonald's
MCD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$388M |
| 2 |
Aon
AON
|
+$211M |
| 3 |
Johnson & Johnson
JNJ
|
+$209M |
| 4 |
Norfolk Southern
NSC
|
+$162M |
| 5 |
Envista
NVST
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.99% |
| 2 | Financials | 14.12% |
| 3 | Healthcare | 13.38% |
| 4 | Industrials | 11.48% |
| 5 | Consumer Discretionary | 9.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Humana
HUM
$45B
| $172M | 0.22% |
376,215
-48,765
| -11% | -$24M |
|
102
Mastercard
MA
$500B
| $169M | 0.21% |
396,497
-32,135
| -7% | -$12.9M |
|
103
Unilever
UL
$137B
| $168M | 0.21% |
3,078,868
-186,696
| -6% | -$10.1M |
|
104
Eaton
ETN
$170B
| $162M | 0.2% |
671,283
-5,574
| -0.8% | -$1.23M |
|
105
iShares Core S&P 500 ETF
IVV
$884B
| $160M | 0.2% |
334,134
+18,755
| +6% | +$8.39M |
|
106
Stryker
SYK
$131B
| $159M | 0.2% |
530,454
-19,775
| -4% | -$5.55M |
|
107
Intuit
INTU
$87.1B
| $156M | 0.2% |
248,931
+53,317
| +27% | +$29.4M |
|
108
VeriSign
VRSN
$27B
| $153M | 0.19% |
743,540
-158,532
| -18% | -$33M |
|
|
NVO
109
Novo Nordisk
NVO
$208B
| $151M | 0.19% |
1,459,194
-35,020
| -2% | -$3.46M |
|
110
Broadcom
AVGO
$1.87T
| $147M | 0.19% |
1,318,550
+55,560
| +4% | +$5.26M |
|
111
Kimberly-Clark
KMB
$35.7B
| $143M | 0.18% |
1,173,102
+52,500
| +5% | +$6.35M |
|
112
Dentsply Sirona
XRAY
$2.83B
| $141M | 0.18% |
+3,954,444
| New | +$126M |
|
113
Microchip Technology
MCHP
$40.8B
| $137M | 0.17% |
1,520,585
-262,539
| -15% | -$21.4M |
|
114
Skyworks Solutions
SWKS
$9.22B
| $134M | 0.17% |
1,190,031
-283,172
| -19% | -$27.7M |
|
115
Ternium
TX
$9.76B
| $133M | 0.17% |
3,139,728
+6,771
| +0.2% | +$262K |
|
116
Vulcan Materials
VMC
$36.7B
| $133M | 0.17% |
585,019
-133,103
| -19% | -$28.2M |
|
117
Advanced Micro Devices
AMD
$790B
| $132M | 0.17% |
893,195
-1,556
| -0.2% | -$183K |
|
118
JD.com
JD
$44.6B
| $129M | 0.16% |
4,453,578
+4,083,424
| +1,103% | +$111M |
|
119
Merck
MRK
$316B
| $127M | 0.16% |
1,166,612
-347,801
| -23% | -$36.1M |
|
120
BP
BP
$114B
| $127M | 0.16% |
3,586,927
+292,588
| +9% | +$10.7M |
|
121
Live Nation Entertainment
LYV
$42.3B
| $127M | 0.16% |
1,355,892
+6,960
| +0.5% | +$599K |
|
122
Coca-Cola Europacific Partners
CCEP
$47.8B
| $120M | 0.15% |
1,792,890
-263,926
| -13% | -$16.1M |
|
123
Sociedad Química y Minera de Chile
SQM
$19.1B
| $119M | 0.15% |
1,978,809
-314,407
| -14% | -$16.6M |
|
124
Micron Technology
MU
$937B
| $116M | 0.15% |
1,362,666
-21,214
| -2% | -$1.58M |
|
125
LKQ Corp
LKQ
$5.91B
| $115M | 0.15% |
2,403,546
-1,473,323
| -38% | -$68.7M |
|
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QCM
Lazard Asset Management's Q4 2023 Portfolio in Review
As of Q4 2023, Lazard Asset Management held 2,559 positions worth $79B, up 7.5% from $73.5B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $7.01B in Q4 2023, closing 260 positions and reducing 832 holdings. Its most notable exit was VMware, Inc, an estimated $34.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Lazard Asset Management opened a new position in Dentsply Sirona worth $141M.
- Lazard Asset Management's largest Q4 2023 buy was Dentsply Sirona: 3,954,444 shares worth $141M.
- Lazard Asset Management added most to Chubb in Q4 2023, an estimated $555M increase.
- Lazard Asset Management's biggest Q4 2023 reduction was Meta Platforms (Facebook), cutting an estimated $388M.
- Lazard Asset Management fully exited VMware, Inc in Q4 2023, selling an estimated $34.5M.
- Lazard Asset Management's ten largest holdings make up 24% of its $79B portfolio in Q4 2023.
- Lazard Asset Management opened 284 new positions and closed 260 in Q4 2023.
- Lazard Asset Management's portfolio value rose 7.5% quarter-over-quarter to $79B.
Based on Lazard Asset Management's 13F filing for Q4 2023, filed 14 Feb 2024.