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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 | |
|---|---|---|---|---|---|---|
126
Texas Instruments
TXN
$255B
| $114M | 0.14% |
670,800
+48,031
| +8% | +$7.44M |
|
127
Booz Allen Hamilton
BAH
$8.64B
| $114M | 0.14% |
887,673
+60,414
| +7% | +$7.53M |
|
128
Mercado Libre
MELI
$95.4B
| $113M | 0.14% |
71,963
+50,725
| +239% | +$71.9M |
|
129
Parker-Hannifin
PH
$124B
| $110M | 0.14% |
238,603
-614
| -0.3% | -$256K |
|
130
IPG Photonics
IPGP
$3.77B
| $110M | 0.14% |
1,011,544
+1,901
| +0.2% | +$184K |
|
|
ANSS
131
DELISTED
Ansys
ANSS
| $108M | 0.14% |
298,861
-18,732
| -6% | -$5.55M |
|
132
Tesla
TSLA
$1.28T
| $108M | 0.14% |
435,566
-28,755
| -6% | -$6.83M |
|
133
Trimble
TRMB
$13.7B
| $108M | 0.14% |
2,032,746
+547,083
| +37% | +$26.1M |
|
|
AY
134
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $100M | 0.13% |
4,662,530
+3,394,529
| +268% | +$64.5M |
|
135
J.M. Smucker
SJM
$12.6B
| $98.5M | 0.12% |
779,040
+722,838
| +1,286% | +$83.8M |
|
136
Oracle
ORCL
$418B
| $94.7M | 0.12% |
898,220
+839,765
| +1,437% | +$91.7M |
|
137
Deere & Co
DE
$166B
| $91.7M | 0.12% |
229,238
-87,226
| -28% | -$32.9M |
|
138
HSBC
HSBC
$369B
| $91.6M | 0.12% |
2,260,467
-668,430
| -23% | -$25.9M |
|
139
Motorola Solutions
MSI
$73.5B
| $89.2M | 0.11% |
284,866
+17,097
| +6% | +$5.17M |
|
140
Zebra Technologies
ZBRA
$16.5B
| $88.9M | 0.11% |
325,238
+577
| +0.2% | +$132K |
|
141
Cognex
CGNX
$11.8B
| $87.7M | 0.11% |
2,101,358
-3,434,997
| -62% | -$132M |
|
|
AZPN
142
DELISTED
Aspen Technology Inc
AZPN
| $81.4M | 0.1% |
369,688
+695
| +0.2% | +$134K |
|
143
Pinduoduo
PDD
$129B
| $81M | 0.1% |
553,620
+42,019
| +8% | +$5.1M |
|
144
Gilead Sciences
GILD
$162B
| $76.6M | 0.1% |
945,050
+246,614
| +35% | +$19.2M |
|
145
iShares MSCI Emerging Markets ETF
EEM
$29.5B
| $76.6M | 0.1% |
1,903,881
+970,005
| +104% | +$37.5M |
|
146
AbbVie
ABBV
$433B
| $75.7M | 0.1% |
488,270
+293,222
| +150% | +$42.7M |
|
147
ING
ING
$102B
| $75M | 0.09% |
4,992,066
+4,962,177
| +16,602% | +$68.2M |
|
148
SAP
SAP
$224B
| $73.1M | 0.09% |
472,834
-9,928
| -2% | -$1.44M |
|
149
Adams Diversified Equity Fund
ADX
$3.19B
| $73M | 0.09% |
4,122,687
| – | – |
|
150
Electronic Arts
EA
$53B
| $72.5M | 0.09% |
529,604
+11,086
| +2% | +$1.47M |
|
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.