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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
+305.76%
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 | |
|---|---|---|---|---|---|---|
1701
Preferred Bank
PFBC
$1.25B
| $41K | ﹤0.01% |
669
| – | – |
|
1702
Regenxbio
RGNX
$708M
| $41K | ﹤0.01% |
2,590
+107
| +4% | +$1.94K |
|
|
SEMR
1703
DELISTED
Semrush
SEMR
| $41K | ﹤0.01% |
4,885
+714
| +17% | +$6.65K |
|
1704
SoFi Technologies
SOFI
$23.7B
| $41K | ﹤0.01% |
5,185
+2,785
| +116% | +$24.5K |
|
|
SOR
1705
Source Capital
SOR
$385M
| $41K | ﹤0.01% |
1,087
| – | – |
|
1706
Gray Television
GTN
$552M
| $40K | ﹤0.01% |
5,865
-7,940
| -58% | -$65.4K |
|
1707
HealthEquity
HQY
$8.75B
| $40K | ﹤0.01% |
549
+297
| +118% | +$20.1K |
|
1708
Kinsale Capital Group
KNSL
$8.51B
| $40K | ﹤0.01% |
98
| – | – |
|
1709
Sierra Bancorp
BSRR
$525M
| $39K | ﹤0.01% |
+2,094
| New | +$41.2K |
|
1710
Papa John's
PZZA
$806M
| $39K | ﹤0.01% |
580
+162
| +39% | +$12.5K |
|
1711
Sabesp
SBS
$18.7B
| $39K | ﹤0.01% |
16,872
+464
| +3% | +$1.05K |
|
1712
Surgery Partners
SGRY
$2.03B
| $39K | ﹤0.01% |
1,348
+729
| +118% | +$26.2K |
|
1713
First Horizon
FHN
$12.1B
| $38K | ﹤0.01% |
3,455
+653
| +23% | +$8.09K |
|
1714
Gladstone Investment Corp
GAIN
$661M
| $38K | ﹤0.01% |
2,987
| – | – |
|
1715
General Dynamics
GD
$106B
| $38K | ﹤0.01% |
175
-62
| -26% | -$13.7K |
|
1716
iShares Biotechnology ETF
IBB
$9.77B
| $38K | ﹤0.01% |
315
| – | – |
|
1717
iRhythm Holdings
IRTC
$4.2B
| $38K | ﹤0.01% |
+404
| New | +$41.1K |
|
1718
Las Vegas Sands
LVS
$29.6B
| $38K | ﹤0.01% |
841
+800
| +1,951% | +$43.2K |
|
1719
Primoris Services
PRIM
$4.45B
| $38K | ﹤0.01% |
+1,170
| New | +$38.2K |
|
1720
Sabra Healthcare REIT
SBRA
$5.37B
| $38K | ﹤0.01% |
+2,777
| New | +$35.5K |
|
1721
Tango Therapeutics
TNGX
$4.41B
| $38K | ﹤0.01% |
3,512
+171
| +5% | +$1.04K |
|
1722
Urban One Class A
UONE
$23.8M
| $38K | ﹤0.01% |
+766
| New | +$42.2K |
|
1723
US Bancorp
USB
$99.6B
| $38K | ﹤0.01% |
1,189
-13,878
| -92% | -$506K |
|
1724
Winnebago Industries
WGO
$909M
| $38K | ﹤0.01% |
649
| – | – |
|
1725
Corpay
CPAY
$25.7B
| $38K | ﹤0.01% |
+150
| New | +$39.2K |
|
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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.