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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
-3.24%
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
$73.5B
AUM Growth
-$7.73B
(-9.5%)
Cap. Flow
-$10.4B
Cap. Flow
% of AUM
-14.12%
Top 10 Holdings %
Top 10 Hldgs %
24.14%
Holding
2,549
New
227
Increased
861
Reduced
712
Closed
243
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPL
PPL Corp
PPL
|
+$301M |
| 2 |
Estee Lauder
EL
|
+$252M |
| 3 |
Boeing
BA
|
+$251M |
| 4 |
Kenvue
KVUE
|
+$174M |
| 5 |
Fidelity National Information Services
FIS
|
+$166M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$547M |
| 2 |
Union Pacific
UNP
|
+$459M |
| 3 |
Pinnacle West Capital
PNW
|
+$203M |
| 4 |
Wells Fargo
WFC
|
+$199M |
| 5 |
Bank of America
BAC
|
+$199M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.75% |
| 2 | Healthcare | 13.74% |
| 3 | Financials | 13.36% |
| 4 | Industrials | 11.58% |
| 5 | Consumer Discretionary | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Graco
GGG
$13B
| $45.1M | 0.06% |
619,529
-149,021
| -19% | -$11.8M |
|
177
KT
KT
$8.75B
| $45M | 0.06% |
3,506,336
-1,832,043
| -34% | -$22.1M |
|
178
JPMorgan Chase
JPM
$937B
| $44.6M | 0.06% |
307,821
-25,436
| -8% | -$3.81M |
|
179
Cadence Design Systems
CDNS
$92.6B
| $44.1M | 0.06% |
188,085
+84,593
| +82% | +$19.8M |
|
|
CAF
180
Morgan Stanley China A Share Fund
CAF
$317M
| $43.7M | 0.06% |
3,509,267
-19,005
| -0.5% | -$242K |
|
181
Cardinal Health
CAH
$55.2B
| $42.2M | 0.06% |
485,553
+61,513
| +15% | +$5.56M |
|
182
Vertex Pharmaceuticals
VRTX
$119B
| $41.4M | 0.06% |
118,956
-760
| -0.6% | -$266K |
|
183
Check Point Software Technologies
CHKP
$12.6B
| $40.2M | 0.05% |
301,575
-14,875
| -5% | -$1.95M |
|
184
Lowe's Companies
LOW
$119B
| $37.7M | 0.05% |
181,427
-12,092
| -6% | -$2.72M |
|
185
Keysight
KEYS
$55B
| $37.4M | 0.05% |
282,601
+88,406
| +46% | +$13.1M |
|
186
Starbucks
SBUX
$118B
| $37.2M | 0.05% |
407,213
-10,809
| -3% | -$1.06M |
|
187
Cencora
COR
$60B
| $37.1M | 0.05% |
206,033
+30,809
| +18% | +$5.69M |
|
188
Masco
MAS
$14.7B
| $36.7M | 0.05% |
686,794
+638,010
| +1,308% | +$36.8M |
|
189
ZTO Express
ZTO
$18.7B
| $36.3M | 0.05% |
1,501,651
+83,401
| +6% | +$2.12M |
|
|
TWN
190
Taiwan Fund
TWN
$482M
| $35.6M | 0.05% |
1,186,680
-7,716
| -0.6% | -$242K |
|
|
TDF
191
Templeton Dragon Fund
TDF
$271M
| $35.5M | 0.05% |
4,161,771
-33,715
| -0.8% | -$307K |
|
|
BLD
192
DELISTED
TopBuild
BLD
| $35.5M | 0.05% |
141,225
-22,965
| -14% | -$6.33M |
|
193
Agilent Technologies
A
$39.5B
| $35.5M | 0.05% |
317,081
+90,421
| +40% | +$10.8M |
|
194
iShares MSCI Emerging Markets ETF
EEM
$28.9B
| $35.4M | 0.05% |
933,876
+389,655
| +72% | +$15.4M |
|
195
Middleby
MIDD
$6.14B
| $35.3M | 0.05% |
275,932
-68,401
| -20% | -$9.72M |
|
196
United Therapeutics
UTHR
$21.9B
| $35.2M | 0.05% |
155,628
-9,441
| -6% | -$2.17M |
|
|
VMW
197
DELISTED
VMware, Inc
VMW
| $34.5M | 0.05% |
207,431
+21,880
| +12% | +$3.5M |
|
198
Trane Technologies
TT
$101B
| $34.4M | 0.05% |
169,475
-369
| -0.2% | -$73.9K |
|
199
iShares MSCI EAFE ETF
EFA
$78.4B
| $34.4M | 0.05% |
498,759
+239,394
| +92% | +$17.1M |
|
|
ASA
200
ASA Gold and Precious Metals
ASA
$944M
| $33.9M | 0.05% |
2,542,236
+10,779
| +0.4% | +$159K |
|
Similar funds
QCM
Lazard Asset Management's Q3 2023 Portfolio in Review
As of Q3 2023, Lazard Asset Management held 2,549 positions worth $73.5B, down 9.5% from $81.2B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $10.4B in Q3 2023, closing 243 positions and reducing 712 holdings. Its most notable exit was Littelfuse, an estimated $24.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in ScottsMiracle-Gro worth $28.3M.
- Lazard Asset Management's largest Q3 2023 buy was ScottsMiracle-Gro: 548,310 shares worth $28.3M.
- Lazard Asset Management added most to PPL Corp in Q3 2023, an estimated $301M increase.
- Lazard Asset Management's biggest Q3 2023 reduction was Johnson & Johnson, cutting an estimated $547M.
- Lazard Asset Management fully exited Littelfuse in Q3 2023, selling an estimated $24.3M.
- Lazard Asset Management's ten largest holdings make up 24% of its $73.5B portfolio in Q3 2023.
- Lazard Asset Management opened 227 new positions and closed 243 in Q3 2023.
- Lazard Asset Management's portfolio value fell 9.5% quarter-over-quarter to $73.5B.
Based on Lazard Asset Management's 13F filing for Q3 2023, filed 14 Nov 2023.