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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
+6.48%
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
$76.3B
AUM Growth
+$3.71B
(+5.1%)
Cap. Flow
-$8.32B
Cap. Flow
% of AUM
-10.91%
Top 10 Holdings %
Top 10 Hldgs %
21.64%
Holding
2,644
New
223
Increased
746
Reduced
756
Closed
309
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$315M |
| 2 |
UnitedHealth
UNH
|
+$251M |
| 3 |
Union Pacific
UNP
|
+$248M |
| 4 |
Chevron
CVX
|
+$165M |
| 5 |
CYBR
CyberArk
CYBR
|
+$161M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Analog Devices
ADI
|
+$252M |
| 2 |
Aon
AON
|
+$184M |
| 3 |
Meta Platforms (Facebook)
META
|
+$160M |
| 4 |
PNC Financial Services
PNC
|
+$156M |
| 5 |
PayPal
PYPL
|
+$127M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.85% |
| 2 | Healthcare | 13.57% |
| 3 | Financials | 12.91% |
| 4 | Industrials | 11.58% |
| 5 | Consumer Discretionary | 8.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Teradyne
TER
$63.1B
| $62.1M | 0.08% |
577,596
-10,060
| -2% | -$1.03M |
|
152
KB Financial Group
KB
$42.1B
| $60M | 0.08% |
1,646,347
+17,370
| +1% | +$717K |
|
153
SBA Communications
SBAC
$19.9B
| $59.2M | 0.08% |
226,670
+62,347
| +38% | +$17.2M |
|
154
Netflix
NFLX
$306B
| $58.1M | 0.08% |
1,681,140
+1,137,500
| +209% | +$37.6M |
|
155
Adams Diversified Equity Fund
ADX
$3.19B
| $57.3M | 0.08% |
3,684,767
| – | – |
|
156
Micron Technology
MU
$1.01T
| $56.9M | 0.07% |
942,191
-49,701
| -5% | -$2.91M |
|
157
Coca-Cola Femsa
KOF
$22.8B
| $54M | 0.07% |
671,354
+42,044
| +7% | +$3.09M |
|
158
HCA Healthcare
HCA
$86.8B
| $53.3M | 0.07% |
202,130
+671
| +0.3% | +$170K |
|
159
Equinix
EQIX
$104B
| $51.6M | 0.07% |
71,567
+20,958
| +41% | +$14.8M |
|
|
GAM
160
General American Investors Company
GAM
$1.59B
| $51.1M | 0.07% |
1,314,303
| – | – |
|
|
CAF
161
Morgan Stanley China A Share Fund
CAF
$319M
| $50.7M | 0.07% |
3,533,118
-95,748
| -3% | -$1.44M |
|
162
MSCI
MSCI
$41.5B
| $50.6M | 0.07% |
90,447
+83,953
| +1,293% | +$44.4M |
|
163
Gold Fields
GFI
$30.5B
| $49.6M | 0.07% |
3,721,245
+2,197,013
| +144% | +$24.5M |
|
164
QuidelOrtho
QDEL
$1.2B
| $47M | 0.06% |
527,050
+32,173
| +7% | +$2.8M |
|
165
AutoZone
AZO
$49.4B
| $46.8M | 0.06% |
19,050
-2,282
| -11% | -$5.57M |
|
166
Kimberly-Clark
KMB
$37B
| $46.6M | 0.06% |
347,126
+135,001
| +64% | +$17.5M |
|
167
Mercado Libre
MELI
$95.7B
| $46.3M | 0.06% |
35,109
+5,707
| +19% | +$6.49M |
|
168
Booking.com
BKNG
$151B
| $46.1M | 0.06% |
434,825
+35,400
| +9% | +$3.45M |
|
|
DHR.PRB
169
DELISTED
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
| $46.1M | 0.06% |
36,190
-8,500
| -19% | -$11M |
|
170
Elevance Health
ELV
$82B
| $45.7M | 0.06% |
99,449
-3,933
| -4% | -$1.87M |
|
171
Starbucks
SBUX
$120B
| $45.7M | 0.06% |
438,899
-4,806
| -1% | -$500K |
|
|
TDF
172
Templeton Dragon Fund
TDF
$274M
| $44.3M | 0.06% |
4,184,079
-361,896
| -8% | -$4.02M |
|
173
JPMorgan Chase
JPM
$950B
| $44M | 0.06% |
337,476
-194,704
| -37% | -$26.7M |
|
174
Ulta Beauty
ULTA
$23.4B
| $43.4M | 0.06% |
79,580
-7,910
| -9% | -$4.06M |
|
175
Amdocs
DOX
$6.02B
| $43.1M | 0.06% |
448,462
-34,917
| -7% | -$3.23M |
|
Similar funds
QCM
Lazard Asset Management's Q1 2023 Portfolio in Review
As of Q1 2023, Lazard Asset Management held 2,644 positions worth $76.3B, up 5.1% from $72.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Lazard Asset Management withdrew a net $8.32B in Q1 2023, closing 309 positions and reducing 756 holdings. Its most notable exit was Linde, an estimated $56.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Fomento Económico Mexicano worth $11.2M.
- Lazard Asset Management's largest Q1 2023 buy was Fomento Económico Mexicano: 117,338 shares worth $11.2M.
- Lazard Asset Management added most to Norfolk Southern in Q1 2023, an estimated $315M increase.
- Lazard Asset Management's biggest Q1 2023 reduction was Analog Devices, cutting an estimated $252M.
- Lazard Asset Management fully exited Linde in Q1 2023, selling an estimated $56.6M.
- Lazard Asset Management's ten largest holdings make up 22% of its $76.3B portfolio in Q1 2023.
- Lazard Asset Management opened 223 new positions and closed 309 in Q1 2023.
- Lazard Asset Management's portfolio value rose 5.1% quarter-over-quarter to $76.3B.
Based on Lazard Asset Management's 13F filing for Q1 2023, filed 15 May 2023.