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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 | |
|---|---|---|---|---|---|---|
1526
DoubleVerify
DV
$2.04B
| $88K | ﹤0.01% |
2,404
-1,721
| -42% | -$53.6K |
|
|
FBRT
1527
Franklin BSP Realty Trust
FBRT
$649M
| $88K | ﹤0.01% |
6,530
-2,404
| -27% | -$31.7K |
|
1528
Greif Class B
GEF.B
$4.29B
| $88K | ﹤0.01% |
1,348
-137
| -9% | -$9.05K |
|
1529
Gilat Satellite Networks
GILT
$846M
| $88K | ﹤0.01% |
14,469
+86
| +0.6% | +$534 |
|
1530
Novanta
NOVT
$5.98B
| $88K | ﹤0.01% |
528
-20
| -4% | -$2.92K |
|
1531
State Street Technology Select Sector SPDR ETF
XLK
$123B
| $88K | ﹤0.01% |
916
| – | – |
|
1532
Capital City Bank Group
CCBG
$894M
| $87K | ﹤0.01% |
2,962
-1,874
| -39% | -$54.4K |
|
|
ELME
1533
Elme Communities
ELME
$145M
| $87K | ﹤0.01% |
5,981
+43
| +0.7% | +$588 |
|
1534
Lithia Motors
LAD
$8.22B
| $87K | ﹤0.01% |
267
-11
| -4% | -$3.02K |
|
1535
Goodyear
GT
$1.96B
| $86K | ﹤0.01% |
+6,026
| New | +$80.1K |
|
1536
APi Group
APG
$18.2B
| $85K | ﹤0.01% |
3,714
-358,920
| -99% | -$6.92M |
|
1537
Immatics
IMTX
$1.32B
| $85K | ﹤0.01% |
8,202
-14,885
| -64% | -$137K |
|
1538
Rhythm Pharmaceuticals
RYTM
$7.93B
| $85K | ﹤0.01% |
+1,857
| New | +$58.6K |
|
1539
SiriusXM
SIRI
$10B
| $85K | ﹤0.01% |
+1,561
| New | +$75K |
|
1540
Unity Bancorp
UNTY
$596M
| $85K | ﹤0.01% |
2,875
-865
| -23% | -$22.3K |
|
1541
Veracyte
VCYT
$3.8B
| $85K | ﹤0.01% |
3,097
-4,248
| -58% | -$103K |
|
1542
BioCryst Pharmaceuticals
BCRX
$2.39B
| $84K | ﹤0.01% |
+14,143
| New | +$82K |
|
1543
Endava
DAVA
$153M
| $84K | ﹤0.01% |
1,093
+2
| +0.2% | +$124 |
|
1544
Equity Residential
EQR
$25.1B
| $84K | ﹤0.01% |
1,377
-497
| -27% | -$28.8K |
|
1545
Knight Transportation
KNX
$11.3B
| $84K | ﹤0.01% |
1,465
-56
| -4% | -$2.93K |
|
1546
Ligand Pharmaceuticals
LGND
$6B
| $84K | ﹤0.01% |
1,185
| – | – |
|
1547
PagerDuty
PD
$902M
| $84K | ﹤0.01% |
3,645
-6,797
| -65% | -$147K |
|
|
PSTL
1548
Postal Realty Trust
PSTL
$691M
| $84K | ﹤0.01% |
5,818
+44
| +0.8% | +$613 |
|
1549
Willdan Group
WLDN
$1.23B
| $84K | ﹤0.01% |
3,918
+120
| +3% | +$2.38K |
|
1550
Duke Energy
DUK
$96.4B
| $83K | ﹤0.01% |
858
-3,708
| -81% | -$337K |
|
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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.