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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
+302.07%
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 | |
|---|---|---|---|---|---|---|
151
Colgate-Palmolive
CL
$71.9B
| $66.5M | 0.09% |
935,685
-27,693
| -3% | -$2.07M |
|
152
SAP
SAP
$219B
| $62.4M | 0.08% |
482,762
+480,295
| +19,469% | +$65.4M |
|
153
Electronic Arts
EA
$53B
| $62.4M | 0.08% |
518,518
-1,114,850
| -68% | -$140M |
|
154
O'Reilly Automotive
ORLY
$73.3B
| $62M | 0.08% |
1,022,985
-340,050
| -25% | -$21.3M |
|
155
Berkshire Hathaway Class B
BRK.B
$1.11T
| $59.8M | 0.08% |
170,676
-27,472
| -14% | -$9.75M |
|
156
Netflix
NFLX
$305B
| $59.1M | 0.08% |
1,565,180
-97,750
| -6% | -$4.14M |
|
157
Elevance Health
ELV
$83B
| $54.9M | 0.07% |
126,121
+27,659
| +28% | +$12.5M |
|
158
Bristol-Myers Squibb
BMY
$134B
| $54.8M | 0.07% |
943,755
-58,150
| -6% | -$3.56M |
|
159
TJX Companies
TJX
$174B
| $54.6M | 0.07% |
614,331
+153,316
| +33% | +$13.5M |
|
160
Ametek
AME
$55.9B
| $54M | 0.07% |
365,407
+115,027
| +46% | +$18M |
|
161
W.W. Grainger
GWW
$64.7B
| $53.9M | 0.07% |
77,951
-86,047
| -52% | -$62.2M |
|
|
GAM
162
General American Investors Company
GAM
$1.58B
| $53.7M | 0.07% |
1,304,519
-9,784
| -0.7% | -$407K |
|
163
Yum China
YUMC
$16.6B
| $53.6M | 0.07% |
962,169
-276,599
| -22% | -$15.5M |
|
164
Gilead Sciences
GILD
$163B
| $52.3M | 0.07% |
698,436
-248,784
| -26% | -$19.1M |
|
165
Teradyne
TER
$57.3B
| $52M | 0.07% |
518,004
-15,448
| -3% | -$1.63M |
|
166
Booking.com
BKNG
$149B
| $51.8M | 0.07% |
419,650
-30,600
| -7% | -$3.71M |
|
167
CDW
CDW
$18.9B
| $50.9M | 0.07% |
252,272
+207,184
| +460% | +$41.3M |
|
168
Jacobs Solutions
J
$16.4B
| $50.7M | 0.07% |
449,245
-55,533
| -11% | -$5.98M |
|
169
Shell
SHEL
$252B
| $50.6M | 0.07% |
785,622
+774,792
| +7,154% | +$48.2M |
|
170
Pinduoduo
PDD
$128B
| $50.2M | 0.07% |
511,601
+100,606
| +24% | +$8.67M |
|
171
HCA Healthcare
HCA
$88B
| $49.4M | 0.07% |
200,977
-4,772
| -2% | -$1.31M |
|
172
Coca-Cola Femsa
KOF
$22.5B
| $49.4M | 0.07% |
630,194
-30,387
| -5% | -$2.51M |
|
173
Sumitomo Mitsui Financial
SMFG
$160B
| $49M | 0.07% |
4,976,246
-2,535,247
| -34% | -$23.5M |
|
174
Trip.com Group
TCOM
$29.8B
| $47.8M | 0.07% |
1,368,242
-174,347
| -11% | -$6.56M |
|
175
SBA Communications
SBAC
$19B
| $47.2M | 0.06% |
235,591
+68,643
| +41% | +$15.3M |
|
Similar funds
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.