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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
+4.33%
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
$59B
AUM Growth
-$15.3B
(-21%)
Cap. Flow
-$17.5B
Cap. Flow
% of AUM
-29.66%
Top 10 Holdings %
Top 10 Hldgs %
23.25%
Holding
2,070
New
257
Increased
660
Reduced
658
Closed
198
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Crown Castle
CCI
|
+$593M |
| 2 |
American Tower
AMT
|
+$295M |
| 3 |
KLA
KLAC
|
+$242M |
| 4 |
Ingersoll Rand
IR
|
+$149M |
| 5 |
TotalEnergies
TTE
|
+$129M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$1.34B |
| 2 |
Apple
AAPL
|
+$1.27B |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$1.04B |
| 4 |
Amazon
AMZN
|
+$999M |
| 5 |
Applied Materials
AMAT
|
+$612M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.74% |
| 2 | Financials | 12.95% |
| 3 | Industrials | 12.91% |
| 4 | Healthcare | 10.97% |
| 5 | Consumer Discretionary | 7.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1426
Zymeworks
ZYME
$1.71B
| $363K | ﹤0.01% |
13,776
-1,532
| -10% | -$33.4K |
|
|
DCBO
1427
Docebo
DCBO
$512M
| $362K | ﹤0.01% |
16,317
-46,778
| -74% | -$1.12M |
|
1428
Arq
ARQ
$90.1M
| $362K | ﹤0.01% |
+110,783
| New | +$541K |
|
1429
Enbridge
ENB
$113B
| $360K | ﹤0.01% |
7,523
-520
| -6% | -$24.8K |
|
|
SAIL
1430
SailPoint Inc
SAIL
$9.87B
| $358K | ﹤0.01% |
+17,704
| New | +$369K |
|
1431
SM Energy
SM
$6.86B
| $356K | ﹤0.01% |
19,017
+60
| +0.3% | +$1.22K |
|
1432
Puma Biotechnology
PBYI
$414M
| $354K | ﹤0.01% |
59,575
-3,572
| -6% | -$19K |
|
1433
Repligen
RGEN
$8.97B
| $352K | ﹤0.01% |
+2,148
| New | +$336K |
|
1434
Vital Farms
VITL
$540M
| $351K | ﹤0.01% |
+11,000
| New | +$387K |
|
1435
Adaptive Biotechnologies
ADPT
$3.74B
| $351K | ﹤0.01% |
21,627
-34,331
| -61% | -$560K |
|
1436
Enphase Energy
ENPH
$5.2B
| $351K | ﹤0.01% |
10,943
-6,375
| -37% | -$206K |
|
|
PPL
1437
PPL Corp
PPL
$26.2B
| $350K | ﹤0.01% |
+9,993
| New | +$360K |
|
1438
Hallador Energy
HNRG
$703M
| $347K | ﹤0.01% |
+18,220
| New | +$369K |
|
1439
Rio Tinto
RIO
$163B
| $346K | ﹤0.01% |
4,326
+152
| +4% | +$10.9K |
|
1440
Applied Optoelectronics
AAOI
$10.4B
| $344K | ﹤0.01% |
+9,881
| New | +$295K |
|
1441
BILL Holdings
BILL
$4.66B
| $343K | ﹤0.01% |
6,288
+2,861
| +83% | +$147K |
|
|
UCB
1442
United Community Banks
UCB
$4.29B
| $340K | ﹤0.01% |
10,894
+207
| +2% | +$6.39K |
|
1443
Nexstar Media Group
NXST
$5.79B
| $339K | ﹤0.01% |
1,668
| – | – |
|
|
CON
1444
Concentra Group Holdings
CON
$3.91B
| $334K | ﹤0.01% |
16,995
| – | – |
|
1445
CoreCivic
CXW
$3.34B
| $334K | ﹤0.01% |
17,485
-23,130
| -57% | -$424K |
|
1446
Bath & Body Works
BBWI
$4.09B
| $334K | ﹤0.01% |
16,628
-12
| -0.1% | -$265 |
|
|
CSGS
1447
DELISTED
CSG Systems International
CSGS
| $332K | ﹤0.01% |
4,335
-65,271
| -94% | -$4.82M |
|
1448
Arbutus Biopharma
ABUS
$889M
| $326K | ﹤0.01% |
+67,840
| New | +$305K |
|
1449
NerdWallet
NRDS
$575M
| $325K | ﹤0.01% |
23,983
+2,809
| +13% | +$36.8K |
|
1450
Telefônica Brasil
VIV
$19.6B
| $325K | ﹤0.01% |
27,383
| – | – |
|
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QCM
Lazard Asset Management's Q4 2025 Portfolio in Review
As of Q4 2025, Lazard Asset Management held 2,070 positions worth $59B, down 21% from $74.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Lazard Asset Management withdrew a net $17.5B in Q4 2025, closing 198 positions and reducing 658 holdings. Its most notable exit was Henry Schein, an estimated $30.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 30% a quarter earlier, followed by Financials and Industrials.
Against the trend, Lazard Asset Management opened a new position in Ingersoll Rand worth $149M.
- Lazard Asset Management's largest Q4 2025 buy was Ingersoll Rand: 1,884,586 shares worth $149M.
- Lazard Asset Management added most to Crown Castle in Q4 2025, an estimated $593M increase.
- Lazard Asset Management's biggest Q4 2025 reduction was Microsoft, cutting an estimated $1.34B.
- Lazard Asset Management fully exited Henry Schein in Q4 2025, selling an estimated $30.7M.
- Lazard Asset Management's ten largest holdings make up 23% of its $59B portfolio in Q4 2025.
- Lazard Asset Management opened 257 new positions and closed 198 in Q4 2025.
- Lazard Asset Management's portfolio value fell 21% quarter-over-quarter to $59B.
Based on Lazard Asset Management's 13F filing for Q4 2025, filed 17 Feb 2026.