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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
+305.76%
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 | |
|---|---|---|---|---|---|---|
1426
AngloGold Ashanti
AU
$48.6B
| $115K | ﹤0.01% |
+6,172
| New | +$111K |
|
1427
Americold
COLD
$4.23B
| $115K | ﹤0.01% |
3,807
+1,364
| +56% | +$38.1K |
|
|
FSP
1428
Franklin Street Properties
FSP
$46.7M
| $115K | ﹤0.01% |
45,296
-3,822
| -8% | -$8.24K |
|
1429
Green Plains
GPRE
$1.04B
| $115K | ﹤0.01% |
+4,565
| New | +$121K |
|
1430
Kite Realty
KRG
$5.36B
| $114K | ﹤0.01% |
5,012
+35
| +0.7% | +$747 |
|
1431
Phillips Edison & Co
PECO
$5.24B
| $114K | ﹤0.01% |
3,150
+22
| +0.7% | +$769 |
|
1432
iShares Russell 2000 Growth ETF
IWO
$15B
| $113K | ﹤0.01% |
450
| – | – |
|
|
ESMT
1433
DELISTED
EngageSmart, Inc.
ESMT
| $113K | ﹤0.01% |
4,959
+125
| +3% | +$2.77K |
|
1434
Essex Property Trust
ESS
$18.5B
| $112K | ﹤0.01% |
455
-614
| -57% | -$135K |
|
1435
TechnipFMC
FTI
$27.2B
| $112K | ﹤0.01% |
5,564
-8,010
| -59% | -$164K |
|
1436
National Healthcare
NHC
$3.41B
| $112K | ﹤0.01% |
1,215
+18
| +2% | +$1.38K |
|
1437
COPT Defense Properties
CDP
$4.24B
| $111K | ﹤0.01% |
4,346
+1,531
| +54% | +$37.1K |
|
1438
Jack in the Box
JACK
$335M
| $111K | ﹤0.01% |
1,363
-715
| -34% | -$50.6K |
|
1439
Organon & Co
OGN
$3.56B
| $111K | ﹤0.01% |
7,706
-2,000
| -21% | -$27.2K |
|
1440
RLJ Lodging Trust
RLJ
$1.72B
| $110K | ﹤0.01% |
9,439
| – | – |
|
1441
Sotera Health
SHC
$5.37B
| $110K | ﹤0.01% |
6,636
-4,344
| -40% | -$61.5K |
|
|
PTVE
1442
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
| $110K | ﹤0.01% |
+8,067
| New | +$85K |
|
1443
Costamare
CMRE
$1.78B
| $109K | ﹤0.01% |
+10,523
| New | +$100K |
|
1444
First Industrial Realty Trust
FR
$8.44B
| $109K | ﹤0.01% |
2,083
-3,141
| -60% | -$146K |
|
1445
LXP Industrial Trust
LXP
$3.57B
| $109K | ﹤0.01% |
2,202
+15
| +0.7% | +$655 |
|
1446
Vanguard Morningstar Small-Cap Value ETF
VBR
$38B
| $109K | ﹤0.01% |
610
| – | – |
|
|
BECN
1447
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $109K | ﹤0.01% |
+1,263
| New | +$99K |
|
|
VGR
1448
DELISTED
Vector Group Ltd.
VGR
| $109K | ﹤0.01% |
9,676
+3,323
| +52% | +$36K |
|
1449
Arcos Dorados Holdings
ARCO
$1.73B
| $108K | ﹤0.01% |
+8,535
| New | +$91.4K |
|
1450
BigBear.ai
BBAI
$1.56B
| $108K | ﹤0.01% |
50,643
-2,052
| -4% | -$3.32K |
|
Similar funds
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.