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Lazard Asset Management

Lazard Asset Management Portfolio holdings

AUM $60.8B
1-Year Est. Return 22.47%
This Fund
S&P 500
This Quarter Est. Return
+1.92%
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
$79.7B
AUM Growth
-$2.55B
Cap. Flow
-$8.09B
Cap. Flow %
-10.15%
Top 10 Hldgs %
26.07%
Holding
2,483
New
414
Increased
840
Reduced
685
Closed
192

Top Buys

Rank Stock Value
1
XOM icon
ExxonMobil
XOM
+$892M
2
AAPL icon
Apple
AAPL
+$310M
3
MRVL icon
Marvell Technology
MRVL
+$305M
4
ODFL icon
Old Dominion Freight Line
ODFL
+$233M
5
UNH icon
UnitedHealth
UNH
+$230M

Top Sells

Rank Stock Value
1
CVX icon
Chevron
CVX
+$812M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$445M
3
DIS icon
Walt Disney
DIS
+$312M
4
LH icon
Labcorp
LH
+$296M
5
PNW icon
Pinnacle West Capital
PNW
+$287M

Sector Composition

Rank Sector Weight
1 Technology 26.48%
2 Financials 13.95%
3 Healthcare 12.34%
4 Industrials 9.8%
5 Consumer Discretionary 9.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ELV icon
151
Elevance Health
ELV
$81.9B
$72.1M 0.09%
133,086
-9,671
-7% -$5.11M
DOCN icon
152
DigitalOcean
DOCN
$13.9B
$71.6M 0.09%
2,059,166
+1,865,124
+961% +$66.4M
CI icon
153
Cigna
CI
$74.7B
$71.4M 0.09%
216,113
+30,818
+17% +$10.6M
EA icon
154
Electronic Arts
EA
$53B
$71.3M 0.09%
511,871
-10,243
-2% -$1.35M
SU icon
155
Suncor Energy
SU
$79.3B
$70.2M 0.09%
1,843,088
-139,310
-7% -$5.38M
PH icon
156
Parker-Hannifin
PH
$122B
$70.1M 0.09%
138,636
+1,422
+1% +$763K
BMY icon
157
Bristol-Myers Squibb
BMY
$132B
$70M 0.09%
1,686,282
-44,973
-3% -$2.01M
STT icon
158
State Street
STT
$50.7B
$69.7M 0.09%
941,838
+133,888
+17% +$9.98M
TSLA icon
159
Tesla
TSLA
$1.21T
$67.6M 0.08%
341,687
-12,523
-4% -$2.19M
GILD icon
160
Gilead Sciences
GILD
$162B
$65.9M 0.08%
960,982
-8,751
-0.9% -$584K
GAM
161
General American Investors Company
GAM
$1.56B
$64.9M 0.08%
1,304,519
– –
CHKP icon
162
Check Point Software Technologies
CHKP
$12.9B
$64.8M 0.08%
392,829
+3,697
+1% +$576K
CVX icon
163
Chevron
CVX
$388B
$64.5M 0.08%
412,195
-5,092,810
-93% -$812M
NOW icon
164
ServiceNow
NOW
$113B
$59.2M 0.07%
376,440
-17,760
-5% -$2.61M
ATHM icon
165
Autohome
ATHM
$2.63B
$59.1M 0.07%
2,154,558
-268,424
-11% -$7.28M
SAP icon
166
SAP
SAP
$209B
$58M 0.07%
287,640
-174,730
-38% -$33M
VRTX icon
167
Vertex Pharmaceuticals
VRTX
$120B
$57.4M 0.07%
122,456
-1,427
-1% -$619K
RTO icon
168
Rentokil
RTO
$11.9B
$57.3M 0.07%
1,932,212
+371,471
+24% +$10.3M
BLD
169
DELISTED
TopBuild
BLD
$56.6M 0.07%
147,010
-21,413
-13% -$8.73M
SBAC icon
170
SBA Communications
SBAC
$18.9B
$55.9M 0.07%
284,939
+136,252
+92% +$27M
DELL icon
171
Dell
DELL
$261B
$55.2M 0.07%
400,457
+11,372
+3% +$1.52M
BRK.B icon
172
Berkshire Hathaway Class B
BRK.B
$1.1T
$55.2M 0.07%
135,618
-4,020
-3% -$1.64M
KHC icon
173
Kraft Heinz
KHC
$30.9B
$53.3M 0.07%
1,654,586
-226,748
-12% -$8.08M
AMT icon
174
American Tower
AMT
$80.3B
$52.7M 0.07%
271,079
+206,546
+320% +$38.6M
JPM icon
175
JPMorgan Chase
JPM
$939B
$51.6M 0.06%
254,907
-51,239
-17% -$10M
5 6
7
8 9

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Lazard Asset Management's Q2 2024 Portfolio in Review

As of Q2 2024, Lazard Asset Management held 2,483 positions worth $79.7B, down 3.1% from $82.3B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Lazard Asset Management withdrew a net $8.09B in Q2 2024, closing 192 positions and reducing 685 holdings. Its most notable exit was Pioneer Natural Resource Co., an estimated $206M position sold in full.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 23% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Lazard Asset Management opened a new position in Aspen Technology Inc worth $105M.

  • Lazard Asset Management's largest Q2 2024 buy was Aspen Technology Inc: 526,997 shares worth $105M.
  • Lazard Asset Management added most to ExxonMobil in Q2 2024, an estimated $892M increase.
  • Lazard Asset Management's biggest Q2 2024 reduction was Chevron, cutting an estimated $812M.
  • Lazard Asset Management fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $206M.
  • Lazard Asset Management's ten largest holdings make up 26% of its $79.7B portfolio in Q2 2024.
  • Lazard Asset Management opened 414 new positions and closed 192 in Q2 2024.
  • Lazard Asset Management's portfolio value fell 3.1% quarter-over-quarter to $79.7B.

Based on Lazard Asset Management's 13F filing for Q2 2024, filed 14 Aug 2024.