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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
+13.76%
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
$61.1B
AUM Growth
+$6.8B
(+13%)
Cap. Flow
-$1.88B
Cap. Flow
% of AUM
-3.07%
Top 10 Holdings %
Top 10 Hldgs %
23.3%
Holding
1,241
New
198
Increased
365
Reduced
338
Closed
99
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intercontinental Exchange
ICE
|
+$348M |
| 2 |
Elanco Animal Health
ELAN
|
+$327M |
| 3 |
Norfolk Southern
NSC
|
+$273M |
| 4 |
FISV
Fiserv Inc
FISV
|
+$258M |
| 5 |
Medtronic
MDT
|
+$176M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PG&E
PCG
|
+$490M |
| 2 |
CHL
China Mobile Limited
CHL
|
+$445M |
| 3 |
Edison International
EIX
|
+$392M |
| 4 |
STI
SunTrust Banks, Inc.
STI
|
+$384M |
| 5 |
RTX Corp
RTX
|
+$366M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.22% |
| 2 | Healthcare | 15.06% |
| 3 | Financials | 13.35% |
| 4 | Industrials | 12.52% |
| 5 | Communication Services | 11.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Qiagen
QGEN
$8.54B
| $88.7M | 0.15% |
2,056,145
+698,804
| +51% | +$28.1M |
|
127
Waste Management
WM
$90.6B
| $88.7M | 0.15% |
853,443
+257,207
| +43% | +$25.1M |
|
128
Trimble
TRMB
$13.2B
| $87.1M | 0.14% |
2,156,852
+66,052
| +3% | +$2.51M |
|
129
Estee Lauder
EL
$30.4B
| $86M | 0.14% |
519,580
-31,198
| -6% | -$4.58M |
|
130
Dollar Tree
DLTR
$24.4B
| $85.2M | 0.14% |
811,037
-1,081,909
| -57% | -$106M |
|
131
KB Financial Group
KB
$41.4B
| $83.9M | 0.14% |
2,264,058
+22,943
| +1% | +$917K |
|
|
CEO
132
DELISTED
CNOOC Limited
CEO
| $82.6M | 0.14% |
444,512
-7,504
| -2% | -$1.27M |
|
133
Cognex
CGNX
$10.9B
| $81M | 0.13% |
1,592,100
+329,400
| +26% | +$15.8M |
|
|
WUBA
134
DELISTED
58.com Inc
WUBA
| $79.7M | 0.13% |
1,213,061
+48,596
| +4% | +$3.06M |
|
|
SPLK
135
DELISTED
Splunk Inc
SPLK
| $79.4M | 0.13% |
637,022
-306,843
| -33% | -$38.3M |
|
136
Oracle
ORCL
$374B
| $79M | 0.13% |
1,471,032
+45,456
| +3% | +$2.32M |
|
137
Citigroup
C
$222B
| $76.5M | 0.13% |
1,229,548
-27,636
| -2% | -$1.72M |
|
138
Biogen
BIIB
$30B
| $74.7M | 0.12% |
315,840
-266,887
| -46% | -$84M |
|
|
CAF
139
Morgan Stanley China A Share Fund
CAF
$322M
| $69.6M | 0.11% |
2,980,695
-467,438
| -14% | -$9.81M |
|
140
Occidental Petroleum
OXY
$56.8B
| $69.2M | 0.11% |
1,045,404
-37,538
| -3% | -$2.47M |
|
141
Rogers Communications
RCI
$18.3B
| $68.9M | 0.11% |
1,280,181
-1,093,780
| -46% | -$59M |
|
142
Shinhan Financial Group
SHG
$32.8B
| $68M | 0.11% |
1,831,714
+60,279
| +3% | +$2.26M |
|
143
Microchip Technology
MCHP
$40.3B
| $67.8M | 0.11% |
1,634,000
| – | – |
|
144
ZTO Express
ZTO
$18.3B
| $66.1M | 0.11% |
3,618,017
+41,219
| +1% | +$755K |
|
145
Adobe
ADBE
$99.5B
| $65.7M | 0.11% |
246,720
-105,829
| -30% | -$26.7M |
|
146
Equinor
EQNR
$97.7B
| $59.9M | 0.1% |
2,725,421
+54,285
| +2% | +$1.22M |
|
|
TDF
147
Templeton Dragon Fund
TDF
$270M
| $58.9M | 0.1% |
2,963,589
-60,700
| -2% | -$1.13M |
|
148
Bristol-Myers Squibb
BMY
$133B
| $57.3M | 0.09% |
1,200,969
+391,918
| +48% | +$19.5M |
|
149
Brixmor Property Group
BRX
$9.67B
| $56.8M | 0.09% |
3,091,300
+2,159,619
| +232% | +$36.8M |
|
|
150
RTX Corp
RTX
$290B
| $55.6M | 0.09% |
685,858
-4,815,397
| -88% | -$366M |
|
Similar funds
QCM
Lazard Asset Management's Q1 2019 Portfolio in Review
As of Q1 2019, Lazard Asset Management held 1,241 positions worth $61.1B, up 13% from $54.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Lazard Asset Management withdrew a net $1.88B in Q1 2019, closing 99 positions and reducing 338 holdings. Its most notable exit was PG&E, an estimated $490M position sold in full.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Elanco Animal Health worth $341M.
- Lazard Asset Management's largest Q1 2019 buy was Elanco Animal Health: 10,640,964 shares worth $341M.
- Lazard Asset Management added most to Intercontinental Exchange in Q1 2019, an estimated $348M increase.
- Lazard Asset Management's biggest Q1 2019 reduction was China Mobile Limited, cutting an estimated $445M.
- Lazard Asset Management fully exited PG&E in Q1 2019, selling an estimated $490M.
- Lazard Asset Management's ten largest holdings make up 23% of its $61.1B portfolio in Q1 2019.
- Lazard Asset Management opened 198 new positions and closed 99 in Q1 2019.
- Lazard Asset Management's portfolio value rose 13% quarter-over-quarter to $61.1B.
Based on Lazard Asset Management's 13F filing for Q1 2019, filed 13 May 2019.