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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
+305.76%
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 | |
|---|---|---|---|---|---|---|
1726
Adecoagro
AGRO
$1.35B
| $45K | ﹤0.01% |
+4,121
| New | +$45.3K |
|
1727
Bausch Health
BHC
$2.21B
| $45K | ﹤0.01% |
5,635
-574
| -9% | -$4.18K |
|
1728
World Kinect Corp
WKC
$1.9B
| $45K | ﹤0.01% |
2,017
-54
| -3% | -$1.14K |
|
1729
American States Water
AWR
$3.36B
| $44K | ﹤0.01% |
+551
| New | +$44.1K |
|
1730
Coherus Oncology
CHRS
$194M
| $44K | ﹤0.01% |
13,393
-443,192
| -97% | -$1.19M |
|
1731
DNOW Inc
DNOW
$2.81B
| $44K | ﹤0.01% |
3,930
-22,033
| -85% | -$241K |
|
1732
General Dynamics
GD
$105B
| $44K | ﹤0.01% |
170
-5
| -3% | -$1.22K |
|
1733
Gorman-Rupp
GRC
$2.23B
| $44K | ﹤0.01% |
+1,250
| New | +$40.3K |
|
1734
El Pollo Loco
LOCO
$499M
| $44K | ﹤0.01% |
+5,094
| New | +$43.8K |
|
1735
TripAdvisor
TRIP
$1.21B
| $44K | ﹤0.01% |
2,067
| – | – |
|
1736
Box
BOX
$4.41B
| $43K | ﹤0.01% |
1,711
-7,824
| -82% | -$198K |
|
1737
Surgery Partners
SGRY
$1.95B
| $43K | ﹤0.01% |
1,348
| – | – |
|
|
SOR
1738
Source Capital
SOR
$383M
| $43K | ﹤0.01% |
1,087
| – | – |
|
1739
TotalEnergies
TTE
$191B
| $43K | ﹤0.01% |
647
-24
| -4% | -$1.6K |
|
|
TGH
1740
DELISTED
Textainer Group Holdings limited
TGH
| $43K | ﹤0.01% |
888
+68
| +8% | +$3.13K |
|
1741
Atour Lifestyle Holdings
ATAT
$4.82B
| $42K | ﹤0.01% |
+2,468
| New | +$44.6K |
|
1742
First Mid Bancshares
FMBH
$1.38B
| $42K | ﹤0.01% |
1,216
| – | – |
|
1743
iShares Biotechnology ETF
IBB
$9.53B
| $42K | ﹤0.01% |
315
| – | – |
|
1744
Innodata
INOD
$2.14B
| $42K | ﹤0.01% |
+5,226
| New | +$41.4K |
|
1745
Karooooo
KARO
$1.97B
| $42K | ﹤0.01% |
1,755
+1,285
| +273% | +$30.8K |
|
1746
Lear
LEA
$7.93B
| $42K | ﹤0.01% |
302
-980
| -76% | -$131K |
|
1747
Nkarta
NKTX
$164M
| $42K | ﹤0.01% |
6,610
-25
| -0.4% | -$65 |
|
1748
Telephone and Data Systems
TDS
$4.1B
| $42K | ﹤0.01% |
2,304
-14,677
| -86% | -$271K |
|
1749
Atlanticus Holdings
ATLC
$1.69B
| $41K | ﹤0.01% |
1,088
-2,536
| -70% | -$79.8K |
|
1750
Burford Capital
BUR
$942M
| $41K | ﹤0.01% |
+2,648
| New | +$35.4K |
|
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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.