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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
+6.48%
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
$76.3B
AUM Growth
+$3.71B
(+5.1%)
Cap. Flow
-$8.32B
Cap. Flow
% of AUM
-10.91%
Top 10 Holdings %
Top 10 Hldgs %
21.64%
Holding
2,644
New
223
Increased
746
Reduced
756
Closed
309
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$315M |
| 2 |
UnitedHealth
UNH
|
+$251M |
| 3 |
Union Pacific
UNP
|
+$248M |
| 4 |
Chevron
CVX
|
+$165M |
| 5 |
CYBR
CyberArk
CYBR
|
+$161M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Analog Devices
ADI
|
+$252M |
| 2 |
Aon
AON
|
+$184M |
| 3 |
Meta Platforms (Facebook)
META
|
+$160M |
| 4 |
PNC Financial Services
PNC
|
+$156M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
176
Sumitomo Mitsui Financial
SMFG
$158B
| $41.5M | 0.05% |
5,182,233
-3,031,650
| -37% | -$25.7M |
|
177
Middleby
MIDD
$6.27B
| $41.1M | 0.05% |
280,201
+29,675
| +12% | +$4.41M |
|
178
Trip.com Group
TCOM
$29.5B
| $40.5M | 0.05% |
1,075,801
+177,343
| +20% | +$6.59M |
|
|
ASA
179
ASA Gold and Precious Metals
ASA
$971M
| $40.4M | 0.05% |
2,519,991
-113,998
| -4% | -$1.76M |
|
180
Everest Group
EG
$14.2B
| $40.2M | 0.05% |
112,401
-1,760
| -2% | -$633K |
|
181
Vertex Pharmaceuticals
VRTX
$121B
| $40.2M | 0.05% |
127,530
-14,911
| -10% | -$4.47M |
|
182
Lowe's Companies
LOW
$122B
| $40.1M | 0.05% |
200,721
-30,282
| -13% | -$6.15M |
|
183
Cintas
CTAS
$81.5B
| $39.7M | 0.05% |
343,276
+94,824
| +38% | +$10.5M |
|
184
Check Point Software Technologies
CHKP
$12.7B
| $39.6M | 0.05% |
304,507
+60,310
| +25% | +$7.67M |
|
|
SPLK
185
DELISTED
Splunk Inc
SPLK
| $39.4M | 0.05% |
410,905
-28,687
| -7% | -$2.75M |
|
186
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| – | – |
0
| – | – |
|
187
Nucor
NUE
$62.4B
| $39.1M | 0.05% |
253,294
-21,920
| -8% | -$3.49M |
|
188
Tractor Supply
TSCO
$17.4B
| $38.4M | 0.05% |
815,865
+25,895
| +3% | +$1.18M |
|
189
Armstrong World Industries
AWI
$7.74B
| $38.1M | 0.05% |
534,633
-1,441,695
| -73% | -$108M |
|
190
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
| – | – |
0
| – | – |
|
191
TJX Companies
TJX
$174B
| $36.3M | 0.05% |
463,324
+58,029
| +14% | +$4.57M |
|
192
Ametek
AME
$58.2B
| $36.2M | 0.05% |
249,092
+84,294
| +51% | +$12M |
|
193
iShares Core S&P Mid-Cap ETF
IJH
$126B
| $35.3M | 0.05% |
705,080
-3,820
| -0.5% | -$195K |
|
194
Xcel Energy
XEL
$48.6B
| $34.8M | 0.05% |
516,233
+276,228
| +115% | +$18.6M |
|
195
ZTO Express
ZTO
$18.2B
| $34.8M | 0.05% |
1,213,561
-330,485
| -21% | -$9.02M |
|
|
NEE.PRR
196
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
| $34.6M | 0.05% |
747,210
-9,100
| -1% | -$434K |
|
197
Agilent Technologies
A
$39.3B
| $34.6M | 0.05% |
249,947
+23
| +0% | +$3.36K |
|
198
iShares Core US Aggregate Bond ETF
AGG
$138B
| – | – |
0
| – | – |
|
|
WNS
199
DELISTED
WNS Holdings
WNS
| $33.2M | 0.04% |
356,832
+6,834
| +2% | +$595K |
|
200
Baidu
BIDU
$38.2B
| $33M | 0.04% |
218,394
+6,919
| +3% | +$981K |
|
Similar funds
QCM
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.