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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
+4.33%
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
$59B
AUM Growth
-$15.3B
(-21%)
Cap. Flow
-$17.5B
Cap. Flow
% of AUM
-29.66%
Top 10 Holdings %
Top 10 Hldgs %
23.25%
Holding
2,070
New
257
Increased
660
Reduced
658
Closed
198
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Crown Castle
CCI
|
+$593M |
| 2 |
American Tower
AMT
|
+$295M |
| 3 |
KLA
KLAC
|
+$242M |
| 4 |
Ingersoll Rand
IR
|
+$149M |
| 5 |
TotalEnergies
TTE
|
+$129M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$1.34B |
| 2 |
Apple
AAPL
|
+$1.27B |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$1.04B |
| 4 |
Amazon
AMZN
|
+$999M |
| 5 |
Applied Materials
AMAT
|
+$612M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.74% |
| 2 | Financials | 12.95% |
| 3 | Industrials | 12.91% |
| 4 | Healthcare | 10.97% |
| 5 | Consumer Discretionary | 7.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1801
Mobileye
MBLY
$2.04B
| – | – |
-35,588
| Closed | -$503K |
|
|
MCW
1802
DELISTED
Mister Car Wash
MCW
| – | – |
-16,328
| Closed | -$87K |
|
1803
MDU Resources
MDU
$4.2B
| – | – |
-94,941
| Closed | -$1.69M |
|
1804
McGrath RentCorp
MGRC
$2.92B
| – | – |
-88,969
| Closed | -$10.4M |
|
1805
Magnolia Oil & Gas
MGY
$5.96B
| – | – |
-163,392
| Closed | -$3.9M |
|
1806
M&T Bank
MTB
$36.2B
| – | – |
-3,797
| Closed | -$750K |
|
1807
Murphy USA
MUSA
$10.9B
| – | – |
-3,784
| Closed | -$1.47M |
|
1808
Myriad Genetics
MYGN
$289M
| – | – |
-14,670
| Closed | -$106K |
|
|
NEXN
1809
Nexxen International
NEXN
$573M
| – | – |
-22,202
| Closed | -$205K |
|
1810
Nomad Foods
NOMD
$1.68B
| – | – |
-169,236
| Closed | -$2.23M |
|
1811
NRG Energy
NRG
$29.2B
| – | – |
-1,249
| Closed | -$202K |
|
1812
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$897M
| – | – |
-11,800
| Closed | -$120K |
|
1813
Insperity
NSP
$2.05B
| – | – |
-6,029
| Closed | -$297K |
|
1814
NETGEAR
NTGR
$648M
| – | – |
-548,911
| Closed | -$17.8M |
|
1815
NovoCure
NVCR
$1.78B
| – | – |
-10,115
| Closed | -$131K |
|
1816
Oil-Dri
ODC
$1.41B
| – | – |
-29,430
| Closed | -$1.8M |
|
|
ODP
1817
DELISTED
ODP
ODP
| – | – |
-24,749
| Closed | -$689K |
|
1818
Okta
OKTA
$24.6B
| – | – |
-9,933
| Closed | -$911K |
|
1819
Universal Display
OLED
$3.67B
| – | – |
-2,761
| Closed | -$397K |
|
1820
Oscar Health
OSCR
$9.27B
| – | – |
-69,100
| Closed | -$1.31M |
|
1821
CALL
PAR Technology
PAR
$715M
| – | – |
-50,000
| Closed | -$1.98M |
|
1822
Paychex
PAYX
$41.9B
| – | – |
-2,952
| Closed | -$374K |
|
1823
PG&E
PCG
$38.4B
| – | – |
-12,214
| Closed | -$184K |
|
1824
PJT Partners
PJT
$4.36B
| – | – |
-9,842
| Closed | -$1.75M |
|
1825
Planet Labs
PL
$7.67B
| – | – |
-259,800
| Closed | -$3.37M |
|
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QCM
Lazard Asset Management's Q4 2025 Portfolio in Review
As of Q4 2025, Lazard Asset Management held 2,070 positions worth $59B, down 21% from $74.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Lazard Asset Management withdrew a net $17.5B in Q4 2025, closing 198 positions and reducing 658 holdings. Its most notable exit was Henry Schein, an estimated $30.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 30% a quarter earlier, followed by Financials and Industrials.
Against the trend, Lazard Asset Management opened a new position in Ingersoll Rand worth $149M.
- Lazard Asset Management's largest Q4 2025 buy was Ingersoll Rand: 1,884,586 shares worth $149M.
- Lazard Asset Management added most to Crown Castle in Q4 2025, an estimated $593M increase.
- Lazard Asset Management's biggest Q4 2025 reduction was Microsoft, cutting an estimated $1.34B.
- Lazard Asset Management fully exited Henry Schein in Q4 2025, selling an estimated $30.7M.
- Lazard Asset Management's ten largest holdings make up 23% of its $59B portfolio in Q4 2025.
- Lazard Asset Management opened 257 new positions and closed 198 in Q4 2025.
- Lazard Asset Management's portfolio value fell 21% quarter-over-quarter to $59B.
Based on Lazard Asset Management's 13F filing for Q4 2025, filed 17 Feb 2026.