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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
+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
Cap. Flow
-$7.01B
Cap. Flow %
-8.87%
Top 10 Hldgs %
24.46%
Holding
2,559
New
284
Increased
737
Reduced
832
Closed
260

Top Buys

Rank Stock Value
1
CB icon
Chubb
CB
+$555M
2
AEP icon
American Electric Power
AEP
+$272M
3
ULTA icon
Ulta Beauty
ULTA
+$161M
4
CVS icon
CVS Health
CVS
+$160M
5
MCD icon
McDonald's
MCD
+$139M

Top Sells

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$388M
2
AON icon
Aon
AON
+$211M
3
JNJ icon
Johnson & Johnson
JNJ
+$209M
4
NSC icon
Norfolk Southern
NSC
+$162M
5
NVST icon
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
LLYVA icon
1801
Liberty Live Group Series A
LLYVA
$9.16B
$35K ﹤0.01%
973
-6
-0.6% -$199
SIGI icon
1802
Selective Insurance
SIGI
$5.77B
$35K ﹤0.01%
355
– –
TCBI icon
1803
Texas Capital Bancshares
TCBI
$4.32B
$35K ﹤0.01%
550
– –
TNGX icon
1804
Tango Therapeutics
TNGX
$4.72B
$35K ﹤0.01%
3,656
+144
+4% +$1.25K
TXT icon
1805
Textron
TXT
$15.1B
$35K ﹤0.01%
442
+183
+71% +$14.2K
AAL icon
1806
American Airlines Group
AAL
$10.6B
$34K ﹤0.01%
2,522
– –
FCPT icon
1807
Four Corners Property Trust
FCPT
$2.75B
$34K ﹤0.01%
1,349
-999
-43% -$22.9K
GHC icon
1808
Graham Holdings Company
GHC
$5.06B
$34K ﹤0.01%
50
– –
LEGN icon
1809
Legend Biotech
LEGN
$3.73B
$34K ﹤0.01%
590
+21
+4% +$1.33K
NHI icon
1810
National Health Investors
NHI
$3.65B
$34K ﹤0.01%
613
– –
OHI icon
1811
Omega Healthcare
OHI
$14.8B
$34K ﹤0.01%
+1,126
New +$36.1K
ZBH icon
1812
Zimmer Biomet
ZBH
$18.8B
$34K ﹤0.01%
283
– –
FCFS icon
1813
FirstCash
FCFS
$8.92B
$33K ﹤0.01%
305
– –
TKC icon
1814
Turkcell
TKC
$4.76B
$33K ﹤0.01%
6,986
+4,879
+232% +$22.9K
VCEL icon
1815
Vericel Corp
VCEL
$2.29B
$33K ﹤0.01%
927
-3,362
-78% -$117K
WVE icon
1816
Wave Life Sciences
WVE
$1.19B
$33K ﹤0.01%
6,671
+298
+5% +$1.59K
TGI
1817
DELISTED
Triumph Group
TGI
$32K ﹤0.01%
1,955
-377
-16% -$3.82K
ALTG icon
1818
Alta Equipment Group
ALTG
$240M
$31K ﹤0.01%
2,525
-258
-9% -$2.79K
CSR
1819
Centerspace
CSR
$940M
$31K ﹤0.01%
535
– –
DOCN icon
1820
DigitalOcean
DOCN
$14.4B
$31K ﹤0.01%
854
– –
IBRX icon
1821
ImmunityBio
IBRX
$7.76B
$31K ﹤0.01%
6,426
+259
+4% +$813
XIFR
1822
XPLR Infrastructure LP
XIFR
$1.08B
$31K ﹤0.01%
1,039
– –
CTOS icon
1823
Custom Truck One Source
CTOS
$2.52B
$30K ﹤0.01%
4,959
– –
EQNR icon
1824
Equinor
EQNR
$93.7B
$30K ﹤0.01%
957
-66
-6% -$2.14K
FHI icon
1825
Federated Hermes
FHI
$4.72B
$30K ﹤0.01%
899
– –
71 72
73
74 75

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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.