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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
+0.73%
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
$49B
AUM Growth
-$1.3B
(-2.6%)
Cap. Flow
-$2.28B
Cap. Flow
% of AUM
-4.65%
Top 10 Holdings %
Top 10 Hldgs %
21.07%
Holding
1,104
New
101
Increased
271
Reduced
351
Closed
115
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coca-Cola
KO
|
+$835M |
| 2 |
Accenture
ACN
|
+$379M |
| 3 |
Pfizer
PFE
|
+$260M |
| 4 |
AT&T
T
|
+$158M |
| 5 |
Humana
HUM
|
+$153M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$445M |
| 2 |
NXP Semiconductors
NXPI
|
+$313M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$285M |
| 4 |
GWR
Genesee & Wyoming Inc.
GWR
|
+$246M |
| 5 |
Aon
AON
|
+$218M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 15.14% |
| 2 | Technology | 13.15% |
| 3 | Industrials | 12.98% |
| 4 | Healthcare | 12.69% |
| 5 | Financials | 10.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Oracle
ORCL
$333B
| $49.9M | 0.1% |
1,296,773
-100,544
| -7% | -$3.93M |
|
|
ACC
152
DELISTED
American Campus Communities, Inc.
ACC
| $48.8M | 0.1% |
981,298
+194,626
| +25% | +$9.39M |
|
153
Colgate-Palmolive
CL
$76B
| $48.3M | 0.1% |
738,158
-95,223
| -11% | -$6.53M |
|
|
CMA
154
DELISTED
Comerica
CMA
| $48.2M | 0.1% |
708,412
+333,347
| +89% | +$19.5M |
|
155
Amazon
AMZN
$2.46T
| $46.9M | 0.1% |
1,249,940
-409,480
| -25% | -$16M |
|
156
TAL Education Group
TAL
$5.8B
| $46.8M | 0.1% |
4,002,306
+45,744
| +1% | +$559K |
|
157
iShares Core US Aggregate Bond ETF
AGG
$138B
| – | – |
0
| – | – |
|
158
Wells Fargo
WFC
$264B
| $45.8M | 0.09% |
831,861
+267,121
| +47% | +$13.4M |
|
159
Vanguard FTSE Developed Markets ETF
VEA
$225B
| $45.7M | 0.09% |
1,252,044
+1,065,953
| +573% | +$38.9M |
|
160
PNC Financial Services
PNC
$100B
| $45M | 0.09% |
384,949
+243,773
| +173% | +$25.3M |
|
|
NBL
161
DELISTED
Noble Energy, Inc.
NBL
| $44.1M | 0.09% |
1,158,703
-161,400
| -12% | -$6M |
|
162
Berkshire Hathaway Class B
BRK.B
$1.1T
| $42.9M | 0.09% |
263,483
-5,250
| -2% | -$808K |
|
163
BlackRock Resources & Commodities Strategy Trust
BCX
$887M
| $42M | 0.09% |
5,074,573
+400,299
| +9% | +$3.23M |
|
164
Ingevity
NGVT
$2.63B
| $41.6M | 0.08% |
759,000
+176,731
| +30% | +$8.48M |
|
165
iShares MSCI Emerging Markets ETF
EEM
$27.9B
| $41.3M | 0.08% |
1,180,516
+389,777
| +49% | +$14.1M |
|
166
iShares National Muni Bond ETF
MUB
$45.3B
| – | – |
0
| – | – |
|
167
Freeport-McMoran
FCX
$86.6B
| $40.5M | 0.08% |
3,074,119
-1,219,644
| -28% | -$15.6M |
|
|
GAM
168
General American Investors Company
GAM
$1.54B
| $40.5M | 0.08% |
1,299,393
+185,305
| +17% | +$5.81M |
|
169
ICICI Bank
IBN
$108B
| $40.4M | 0.08% |
5,931,451
-6,585,912
| -53% | -$46.9M |
|
170
TechnipFMC
FTI
$29.1B
| $40.1M | 0.08% |
1,516,252
-133,602
| -8% | -$3.34M |
|
171
Kinder Morgan
KMI
$71.2B
| $40M | 0.08% |
1,930,948
-204,800
| -10% | -$4.33M |
|
172
Turkcell
TKC
$4.75B
| $39.9M | 0.08% |
5,789,155
-838,483
| -13% | -$6.13M |
|
|
ATVI
173
DELISTED
Activision Blizzard
ATVI
| $39M | 0.08% |
1,079,355
+1,360
| +0.1% | +$54.4K |
|
174
Valvoline
VVV
$5.16B
| $38.6M | 0.08% |
1,793,932
+552,761
| +45% | +$11.7M |
|
175
M&T Bank
MTB
$36.5B
| $38M | 0.08% |
+243,160
| New | +$32.9M |
|
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QCM
Lazard Asset Management's Q4 2016 Portfolio in Review
As of Q4 2016, Lazard Asset Management held 1,104 positions worth $49B, down 2.6% from $50.3B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Lazard Asset Management withdrew a net $2.28B in Q4 2016, closing 115 positions and reducing 351 holdings. Its most notable exit was NextEra Energy, an estimated $65.2M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 15% of assets, down from 15% a quarter earlier, followed by Technology and Industrials.
Against the trend, Lazard Asset Management opened a new position in Suncor Energy worth $69.7M.
- Lazard Asset Management's largest Q4 2016 buy was Suncor Energy: 2,131,087 shares worth $69.7M.
- Lazard Asset Management added most to Coca-Cola in Q4 2016, an estimated $835M increase.
- Lazard Asset Management's biggest Q4 2016 reduction was Allergan plc, cutting an estimated $445M.
- Lazard Asset Management fully exited NextEra Energy in Q4 2016, selling an estimated $65.2M.
- Lazard Asset Management's ten largest holdings make up 21% of its $49B portfolio in Q4 2016.
- Lazard Asset Management opened 101 new positions and closed 115 in Q4 2016.
- Lazard Asset Management's portfolio value fell 2.6% quarter-over-quarter to $49B.
Based on Lazard Asset Management's 13F filing for Q4 2016, filed 13 Feb 2017.