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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
+302.07%
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 | |
|---|---|---|---|---|---|---|
151
Ametek
AME
$55.9B
| $71.9M | 0.09% |
436,136
+70,729
| +19% | +$10.8M |
|
152
Colgate-Palmolive
CL
$71.9B
| $71.7M | 0.09% |
900,094
-35,591
| -4% | -$2.68M |
|
153
TJX Companies
TJX
$174B
| $70.4M | 0.09% |
749,992
+135,661
| +22% | +$12.2M |
|
154
Autohome
ATHM
$2.68B
| $69.2M | 0.09% |
2,466,980
-375,927
| -13% | -$10.3M |
|
155
KB Financial Group
KB
$42.2B
| $67.2M | 0.09% |
1,623,491
-47,142
| -3% | -$1.91M |
|
156
ASML
ASML
$631B
| $66.4M | 0.08% |
87,716
+61,246
| +231% | +$40.4M |
|
157
Masco
MAS
$14.7B
| $66.2M | 0.08% |
987,749
+300,955
| +44% | +$17.5M |
|
158
Stevanato
STVN
$5.62B
| $66M | 0.08% |
2,417,595
-268,483
| -10% | -$7.74M |
|
159
Kraft Heinz
KHC
$31.3B
| $65.5M | 0.08% |
1,772,134
+1,013,824
| +134% | +$34.5M |
|
160
Suncor Energy
SU
$77.9B
| $64.7M | 0.08% |
2,018,520
-930,150
| -32% | -$30.4M |
|
161
WIX.com
WIX
$2.38B
| $64.3M | 0.08% |
522,332
+511,658
| +4,793% | +$49.4M |
|
162
Comcast
CMCSA
$87.2B
| $62.5M | 0.08% |
1,424,386
+714,417
| +101% | +$30.6M |
|
163
Booking.com
BKNG
$149B
| $62.1M | 0.08% |
437,575
+17,925
| +4% | +$2.24M |
|
164
Coca-Cola Femsa
KOF
$22.5B
| $61.6M | 0.08% |
650,569
+20,375
| +3% | +$1.7M |
|
165
CDW
CDW
$18.9B
| $61.5M | 0.08% |
270,532
+18,260
| +7% | +$3.87M |
|
166
Berkshire Hathaway Class B
BRK.B
$1.11T
| $60.8M | 0.08% |
170,337
-339
| -0.2% | -$119K |
|
167
Elevance Health
ELV
$83B
| $60M | 0.08% |
127,171
+1,050
| +0.8% | +$486K |
|
168
Check Point Software Technologies
CHKP
$12.6B
| $59.9M | 0.08% |
392,022
+90,447
| +30% | +$12.8M |
|
169
iShares MSCI EAFE ETF
EFA
$78.4B
| $59.5M | 0.08% |
789,033
+290,274
| +58% | +$20.5M |
|
170
Bristol-Myers Squibb
BMY
$134B
| $58.6M | 0.07% |
1,142,456
+198,701
| +21% | +$10.4M |
|
171
Dell
DELL
$277B
| $57.3M | 0.07% |
748,723
+588,766
| +368% | +$41.6M |
|
172
Pfizer
PFE
$143B
| $56.4M | 0.07% |
1,959,349
-100,235
| -5% | -$3.03M |
|
173
Teradyne
TER
$57.3B
| $56.3M | 0.07% |
519,022
+1,018
| +0.2% | +$96.6K |
|
|
GAM
174
General American Investors Company
GAM
$1.58B
| $56M | 0.07% |
1,304,519
| – | – |
|
|
BLD
175
DELISTED
TopBuild
BLD
| $53.3M | 0.07% |
142,450
+1,225
| +0.9% | +$351K |
|
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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.