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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
+6.48%
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
$76.3B
AUM Growth
+$3.71B
Cap. Flow
-$8.32B
Cap. Flow %
-10.91%
Top 10 Hldgs %
21.64%
Holding
2,644
New
223
Increased
746
Reduced
756
Closed
309

Top Buys

Rank Stock Value
1
NSC icon
Norfolk Southern
NSC
+$315M
2
UNH icon
UnitedHealth
UNH
+$251M
3
UNP icon
Union Pacific
UNP
+$248M
4
CVX icon
Chevron
CVX
+$165M
5
CYBR
CyberArk
CYBR
+$161M

Top Sells

Rank Stock Value
1
ADI icon
Analog Devices
ADI
+$252M
2
AON icon
Aon
AON
+$184M
3
META icon
Meta Platforms (Facebook)
META
+$160M
4
PNC icon
PNC Financial Services
PNC
+$156M
5
PYPL icon
PayPal
PYPL
+$127M

Sector Composition

Rank Sector Weight
1 Technology 18.85%
2 Healthcare 13.57%
3 Financials 12.91%
4 Industrials 11.58%
5 Consumer Discretionary 8.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HUN icon
1951
Huntsman Corp
HUN
$1.78B
$3K ﹤0.01%
115
-3,637
-97% -$108K
IPSC icon
1952
Century Therapeutics
IPSC
$343M
$3K ﹤0.01%
895
+168
+23% +$738
KPTI icon
1953
Karyopharm Therapeutics
KPTI
$44.2M
$3K ﹤0.01%
67
– –
LVS icon
1954
Las Vegas Sands
LVS
$29.9B
$3K ﹤0.01%
68
-17
-20% -$952
NWSA icon
1955
News Corp Class A
NWSA
$16.1B
$3K ﹤0.01%
188
-104,413
-100% -$1.91M
NX icon
1956
Quanex
NX
$959M
$3K ﹤0.01%
182
-12,419
-99% -$298K
STM icon
1957
STMicroelectronics
STM
$47.5B
$3K ﹤0.01%
69
– –
STN icon
1958
Stantec
STN
$8.34B
$3K ﹤0.01%
+59
New +$3.2K
TAP icon
1959
Molson Coors Class B
TAP
$7.95B
$3K ﹤0.01%
63
+10
+19% +$518
UPWK icon
1960
Upwork
UPWK
$1.16B
$3K ﹤0.01%
+292
New +$3.48K
ACWV icon
1961
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.36B
$2K ﹤0.01%
28
– –
AJG icon
1962
Arthur J. Gallagher & Co
AJG
$64.5B
$2K ﹤0.01%
15
-2
-12% -$379
AKAM icon
1963
Akamai
AKAM
$17.2B
$2K ﹤0.01%
35
-15,639
-100% -$1.27M
BAX icon
1964
Baxter International
BAX
$14B
$2K ﹤0.01%
50
+15
+43% +$636
BIO icon
1965
Bio-Rad Laboratories Class A
BIO
$9.16B
$2K ﹤0.01%
5
– –
BR icon
1966
Broadridge
BR
$18.8B
$2K ﹤0.01%
14
-2
-13% -$286
COIN icon
1967
Coinbase
COIN
$38.4B
$2K ﹤0.01%
37
-11
-23% -$659
JNPR
1968
DELISTED
Juniper Networks
JNPR
$2K ﹤0.01%
85
-2,949
-97% -$93.3K
MRVL icon
1969
Marvell Technology
MRVL
$189B
$2K ﹤0.01%
55
-4,736
-99% -$199K
PARA
1970
DELISTED
Paramount Global Class B
PARA
$2K ﹤0.01%
93
– –
PMTS icon
1971
CPI Card Group
PMTS
$281M
$2K ﹤0.01%
59
– –
PPL
1972
PPL Corp
PPL
$26B
$2K ﹤0.01%
85
– –
PWR icon
1973
Quanta Services
PWR
$100B
$2K ﹤0.01%
14
+4
+40% +$615
RDN icon
1974
Radian Group
RDN
$4.82B
$2K ﹤0.01%
97
-4,188
-98% -$89.2K
TDY icon
1975
Teledyne Technologies
TDY
$31.9B
$2K ﹤0.01%
5
– –
77 78
79
80 81

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Lazard Asset Management's Q1 2023 Portfolio in Review

As of Q1 2023, Lazard Asset Management held 2,644 positions worth $76.3B, up 5.1% from $72.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Lazard Asset Management withdrew a net $8.32B in Q1 2023, closing 309 positions and reducing 756 holdings. Its most notable exit was Linde, an estimated $56.6M position sold in full.

By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Lazard Asset Management opened a new position in Fomento Económico Mexicano worth $11.2M.

  • Lazard Asset Management's largest Q1 2023 buy was Fomento Económico Mexicano: 117,338 shares worth $11.2M.
  • Lazard Asset Management added most to Norfolk Southern in Q1 2023, an estimated $315M increase.
  • Lazard Asset Management's biggest Q1 2023 reduction was Analog Devices, cutting an estimated $252M.
  • Lazard Asset Management fully exited Linde in Q1 2023, selling an estimated $56.6M.
  • Lazard Asset Management's ten largest holdings make up 22% of its $76.3B portfolio in Q1 2023.
  • Lazard Asset Management opened 223 new positions and closed 309 in Q1 2023.
  • Lazard Asset Management's portfolio value rose 5.1% quarter-over-quarter to $76.3B.

Based on Lazard Asset Management's 13F filing for Q1 2023, filed 15 May 2023.