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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
+8.56%
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
$82.3B
AUM Growth
+$3.23B
Cap. Flow
-$7.73B
Cap. Flow %
-9.4%
Top 10 Hldgs %
24.03%
Holding
2,474
New
201
Increased
562
Reduced
953
Closed
424

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$983M
2
EXC icon
Exelon
EXC
+$595M
3
AVGO icon
Broadcom
AVGO
+$486M
4
CRH icon
CRH
CRH
+$387M
5
MRVL icon
Marvell Technology
MRVL
+$274M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$795M
2
NSC icon
Norfolk Southern
NSC
+$559M
3
PPL
PPL Corp
PPL
+$355M
4
UNP icon
Union Pacific
UNP
+$328M
5
CSCO icon
Cisco
CSCO
+$283M

Sector Composition

Rank Sector Weight
1 Technology 23.45%
2 Financials 14.25%
3 Healthcare 13.09%
4 Industrials 10.08%
5 Consumer Discretionary 9.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ARRY icon
1876
Array Technologies
ARRY
$808M
– –
-667,475
Closed -$11.2M
ASAN icon
1877
Asana
ASAN
$2B
– –
-1,463
Closed -$27K
ASC icon
1878
Ardmore Shipping
ASC
$695M
– –
-5,003
Closed -$70K
ASGI
1879
abrdn Global Infrastructure Income Fund
ASGI
$755M
– –
-40,681
Closed -$729K
ASIX icon
1880
AdvanSix
ASIX
$543M
– –
-6,462
Closed -$193K
ATAT icon
1881
Atour Lifestyle Holdings
ATAT
$4.82B
– –
-2,468
Closed -$42K
ATLC icon
1882
Atlanticus Holdings
ATLC
$1.69B
– –
-1,088
Closed -$41K
ATS icon
1883
ATS Corp
ATS
$1.99B
– –
-1,291
Closed -$55K
AU icon
1884
AngloGold Ashanti
AU
$44.3B
– –
-6,172
Closed -$115K
AUB icon
1885
Atlantic Union Bankshares
AUB
$6.02B
– –
-10,579
Closed -$386K
AUPH icon
1886
Aurinia Pharmaceuticals
AUPH
$2.07B
– –
-8,641
Closed -$76K
AVNW icon
1887
Aviat Networks
AVNW
$272M
– –
-2,877
Closed -$93K
AVTR icon
1888
Avantor
AVTR
$8.91B
– –
-25,799
Closed -$588K
AWI icon
1889
Armstrong World Industries
AWI
$7.78B
– –
-1,942
Closed -$190K
AWR icon
1890
American States Water
AWR
$3.36B
– –
-551
Closed -$44K
BALL icon
1891
Ball Corp
BALL
$16.7B
– –
-90,865
Closed -$5.23M
BANC icon
1892
Banc of California
BANC
$3.01B
$0 ﹤0.01%
17
– –
BAX icon
1893
Baxter International
BAX
$14B
– –
-28
Closed -$1K
BBAX icon
1894
JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF
BBAX
$6.81B
– –
-25,261
Closed -$1.25M
BBCP icon
1895
Concrete Pumping Holdings
BBCP
$488M
– –
-11,322
Closed -$92K
BBUS icon
1896
JPMorgan BetaBuilders US Equity ETF
BBUS
$9.15B
– –
-261
Closed -$22K
BCE icon
1897
BCE
BCE
$21.2B
– –
-6,000
Closed -$236K
BCH icon
1898
Banco de Chile
BCH
$21.3B
– –
-29,450
Closed -$679K
BEP icon
1899
Brookfield Renewable
BEP
$9.82B
– –
-5,111
Closed -$134K
BGC icon
1900
BGC Group
BGC
$4.97B
– –
-798,761
Closed -$5.77M
74 75
76
77 78

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Lazard Asset Management's Q1 2024 Portfolio in Review

As of Q1 2024, Lazard Asset Management held 2,474 positions worth $82.3B, up 4.1% from $79B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Lazard Asset Management withdrew a net $7.73B in Q1 2024, closing 424 positions and reducing 953 holdings. Its most notable exit was PPL Corp, an estimated $355M position sold in full.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 21% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Lazard Asset Management opened a new position in GMO US Quality ETF worth $10.8M.

  • Lazard Asset Management's largest Q1 2024 buy was GMO US Quality ETF: 362,290 shares worth $10.8M.
  • Lazard Asset Management added most to Apple in Q1 2024, an estimated $983M increase.
  • Lazard Asset Management's biggest Q1 2024 reduction was Alphabet (Google) Class A, cutting an estimated $795M.
  • Lazard Asset Management fully exited PPL Corp in Q1 2024, selling an estimated $355M.
  • Lazard Asset Management's ten largest holdings make up 24% of its $82.3B portfolio in Q1 2024.
  • Lazard Asset Management opened 201 new positions and closed 424 in Q1 2024.
  • Lazard Asset Management's portfolio value rose 4.1% quarter-over-quarter to $82.3B.

Based on Lazard Asset Management's 13F filing for Q1 2024, filed 14 May 2024.