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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
+11.1%
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
$79B
AUM Growth
+$5.52B
(+7.5%)
Cap. Flow
-$7.01B
Cap. Flow
% of AUM
-8.87%
Top 10 Holdings %
Top 10 Hldgs %
24.46%
Holding
2,559
New
284
Increased
737
Reduced
832
Closed
260
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chubb
CB
|
+$555M |
| 2 |
American Electric Power
AEP
|
+$272M |
| 3 |
Ulta Beauty
ULTA
|
+$161M |
| 4 |
CVS Health
CVS
|
+$160M |
| 5 |
McDonald's
MCD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$388M |
| 2 |
Aon
AON
|
+$211M |
| 3 |
Johnson & Johnson
JNJ
|
+$209M |
| 4 |
Norfolk Southern
NSC
|
+$162M |
| 5 |
Envista
NVST
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.99% |
| 2 | Financials | 14.12% |
| 3 | Healthcare | 13.38% |
| 4 | Industrials | 11.48% |
| 5 | Consumer Discretionary | 9.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
JPMorgan Chase
JPM
$937B
| $53.2M | 0.07% |
312,498
+4,677
| +2% | +$709K |
|
177
ServiceNow
NOW
$118B
| $51.4M | 0.07% |
364,000
+85,330
| +31% | +$10.8M |
|
178
Cardinal Health
CAH
$55.2B
| $51.1M | 0.06% |
506,913
+21,360
| +4% | +$2.12M |
|
179
Entergy
ETR
$50.4B
| $51.1M | 0.06% |
1,009,606
+664,258
| +192% | +$32.4M |
|
180
Cadence Design Systems
CDNS
$92.6B
| $51M | 0.06% |
187,304
-781
| -0.4% | -$201K |
|
181
Vertex Pharmaceuticals
VRTX
$119B
| $48.7M | 0.06% |
119,789
+833
| +0.7% | +$308K |
|
182
W.W. Grainger
GWW
$64.7B
| $48.5M | 0.06% |
58,512
-19,439
| -25% | -$15M |
|
183
Pultegroup
PHM
$24.6B
| $47.4M | 0.06% |
459,195
+27,913
| +6% | +$2.37M |
|
184
Fomento Económico Mexicano
FMX
$42.8B
| $46.7M | 0.06% |
358,309
+170,162
| +90% | +$20.2M |
|
185
KT
KT
$8.75B
| $46.7M | 0.06% |
3,471,433
-34,903
| -1% | -$447K |
|
186
Netflix
NFLX
$305B
| $46.3M | 0.06% |
951,800
-613,380
| -39% | -$26.8M |
|
187
Cencora
COR
$60B
| $45.1M | 0.06% |
219,553
+13,520
| +7% | +$2.64M |
|
188
ScottsMiracle-Gro
SMG
$3.97B
| $44.3M | 0.06% |
695,213
+146,903
| +27% | +$7.94M |
|
189
Schrodinger
SDGR
$1.14B
| $44.2M | 0.06% |
1,234,266
+1,023,638
| +486% | +$29.7M |
|
190
Jacobs Solutions
J
$16.4B
| $44M | 0.06% |
409,424
-39,821
| -9% | -$4.34M |
|
|
CAF
191
Morgan Stanley China A Share Fund
CAF
$317M
| $43.9M | 0.06% |
3,444,197
-65,070
| -2% | -$788K |
|
192
Verizon
VZ
$198B
| $43.7M | 0.06% |
1,159,416
+503,126
| +77% | +$17.8M |
|
193
United Therapeutics
UTHR
$25.7B
| $43.3M | 0.05% |
197,073
+41,445
| +27% | +$9.55M |
|
194
Starbucks
SBUX
$118B
| $41.9M | 0.05% |
436,069
+28,856
| +7% | +$2.81M |
|
195
Expedia Group
EXPE
$35.8B
| $41.8M | 0.05% |
275,447
+16,308
| +6% | +$2M |
|
196
Keysight
KEYS
$55B
| $41.3M | 0.05% |
259,749
-22,852
| -8% | -$3.1M |
|
197
Brookfield
BN
$107B
| $41.3M | 0.05% |
1,544,132
+408,834
| +36% | +$9.28M |
|
|
TWN
198
Taiwan Fund
TWN
$482M
| $41.3M | 0.05% |
1,193,467
+6,787
| +0.6% | +$215K |
|
199
Target
TGT
$67.8B
| $40.7M | 0.05% |
285,845
+281,878
| +7,106% | +$34.4M |
|
200
Lowe's Companies
LOW
$119B
| $40.5M | 0.05% |
181,905
+478
| +0.3% | +$96.9K |
|
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QCM
Lazard Asset Management's Q4 2023 Portfolio in Review
As of Q4 2023, Lazard Asset Management held 2,559 positions worth $79B, up 7.5% from $73.5B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $7.01B in Q4 2023, closing 260 positions and reducing 832 holdings. Its most notable exit was VMware, Inc, an estimated $34.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Lazard Asset Management opened a new position in Dentsply Sirona worth $141M.
- Lazard Asset Management's largest Q4 2023 buy was Dentsply Sirona: 3,954,444 shares worth $141M.
- Lazard Asset Management added most to Chubb in Q4 2023, an estimated $555M increase.
- Lazard Asset Management's biggest Q4 2023 reduction was Meta Platforms (Facebook), cutting an estimated $388M.
- Lazard Asset Management fully exited VMware, Inc in Q4 2023, selling an estimated $34.5M.
- Lazard Asset Management's ten largest holdings make up 24% of its $79B portfolio in Q4 2023.
- Lazard Asset Management opened 284 new positions and closed 260 in Q4 2023.
- Lazard Asset Management's portfolio value rose 7.5% quarter-over-quarter to $79B.
Based on Lazard Asset Management's 13F filing for Q4 2023, filed 14 Feb 2024.