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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 | |
|---|---|---|---|---|---|---|
126
IPG Photonics
IPGP
$3.99B
| $103M | 0.14% |
1,009,643
-30,581
| -3% | -$3.45M |
|
127
Vail Resorts
MTN
$5.33B
| $102M | 0.14% |
458,360
-257,772
| -36% | -$61.2M |
|
128
Suncor Energy
SU
$76.1B
| $101M | 0.14% |
2,948,670
-1,601,267
| -35% | -$51.4M |
|
129
Intuit
INTU
$88.5B
| $99.9M | 0.14% |
195,614
+32,830
| +20% | +$16.6M |
|
130
Texas Instruments
TXN
$259B
| $99M | 0.13% |
622,769
-6,545
| -1% | -$1.12M |
|
|
ANSS
131
DELISTED
Ansys
ANSS
| $94.5M | 0.13% |
317,593
+9,041
| +3% | +$2.86M |
|
132
Micron Technology
MU
$1.01T
| $94.1M | 0.13% |
1,383,880
+484,911
| +54% | +$32.5M |
|
133
Parker-Hannifin
PH
$125B
| $93.2M | 0.13% |
239,217
-6,686
| -3% | -$2.69M |
|
134
Henry Schein
HSIC
$10.2B
| $92.6M | 0.13% |
1,247,334
+1,158,451
| +1,303% | +$89.2M |
|
135
Advanced Micro Devices
AMD
$846B
| $92M | 0.13% |
894,751
+830,690
| +1,297% | +$90.2M |
|
136
Booz Allen Hamilton
BAH
$8.85B
| $90.4M | 0.12% |
827,259
-33,296
| -4% | -$3.83M |
|
137
Qualcomm
QCOM
$171B
| $87.5M | 0.12% |
787,805
-15,370
| -2% | -$1.78M |
|
138
Autohome
ATHM
$2.64B
| $86.3M | 0.12% |
2,842,907
-265,122
| -9% | -$7.97M |
|
139
Trimble
TRMB
$13.9B
| $80M | 0.11% |
1,485,663
-40,001
| -3% | -$2.12M |
|
140
DaVita
DVA
$14.6B
| $79.9M | 0.11% |
845,416
+67,970
| +9% | +$6.93M |
|
141
Stevanato
STVN
$5.36B
| $79.8M | 0.11% |
2,686,078
-366,189
| -12% | -$11.5M |
|
142
Zebra Technologies
ZBRA
$17.6B
| $76.8M | 0.1% |
324,661
-9,625
| -3% | -$2.61M |
|
|
AZPN
143
DELISTED
Aspen Technology Inc
AZPN
| $75.4M | 0.1% |
368,993
-10,813
| -3% | -$2.04M |
|
144
Motorola Solutions
MSI
$73.5B
| $72.9M | 0.1% |
267,769
-37,026
| -12% | -$10.5M |
|
145
KB Financial Group
KB
$42.1B
| $68.7M | 0.09% |
1,670,633
-1,289,319
| -44% | -$51.1M |
|
146
Adams Diversified Equity Fund
ADX
$3.19B
| $68.6M | 0.09% |
4,122,687
+437,920
| +12% | +$7.53M |
|
147
Pfizer
PFE
$145B
| $68.3M | 0.09% |
2,059,584
-185,703
| -8% | -$6.57M |
|
148
Tapestry
TPR
$31.5B
| $68.2M | 0.09% |
2,370,674
-987,436
| -29% | -$36.2M |
|
|
SPLK
149
DELISTED
Splunk Inc
SPLK
| $67.4M | 0.09% |
460,590
-20,517
| -4% | -$2.32M |
|
150
Charter Communications
CHTR
$18.3B
| $66.9M | 0.09% |
152,175
-10,976
| -7% | -$4.56M |
|
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.