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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
+302.07%
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
IBM icon
176
IBM
IBM
$222B
$56.9M 0.07%
298,138
-962,784
-76% -$176M
CMCSA icon
177
Comcast
CMCSA
$88.5B
$56.4M 0.07%
1,301,767
-122,619
-9% -$5.29M
TER icon
178
Teradyne
TER
$63.1B
$56.4M 0.07%
500,075
-18,947
-4% -$1.97M
PHM icon
179
Pultegroup
PHM
$25.1B
$56M 0.07%
464,217
+5,022
+1% +$539K
AME icon
180
Ametek
AME
$58.2B
$55.9M 0.07%
305,843
-130,293
-30% -$22.4M
TGT icon
181
Target
TGT
$67.3B
$53.8M 0.07%
303,593
+17,748
+6% +$2.7M
VRTX icon
182
Vertex Pharmaceuticals
VRTX
$121B
$51.8M 0.06%
123,883
+4,094
+3% +$1.73M
KOF icon
183
Coca-Cola Femsa
KOF
$22.8B
$51.7M 0.06%
532,130
-118,439
-18% -$11.3M
ETR icon
184
Entergy
ETR
$50.8B
$51.5M 0.06%
974,654
-34,952
-3% -$1.77M
FMX icon
185
Fomento Económico Mexicano
FMX
$43B
$50.6M 0.06%
388,399
+30,090
+8% +$3.93M
EXPE icon
186
Expedia Group
EXPE
$37.5B
$50.4M 0.06%
365,840
+90,393
+33% +$12.8M
KT icon
187
KT
KT
$8.79B
$49.9M 0.06%
3,556,193
+84,760
+2% +$1.17M
BKNG icon
188
Booking.com
BKNG
$151B
$49.7M 0.06%
342,650
-94,925
-22% -$13.5M
SPG icon
189
Simon Property Group
SPG
$73.3B
$49.6M 0.06%
317,277
+115,399
+57% +$16.9M
TWN
190
Taiwan Fund
TWN
$512M
$49.3M 0.06%
1,244,553
+51,086
+4% +$1.92M
RTO icon
191
Rentokil
RTO
$12.6B
$47.1M 0.06%
1,560,741
+1,560,289
+345,197% +$43.3M
STM icon
192
STMicroelectronics
STM
$48.4B
$46.7M 0.06%
1,079,803
+1,079,734
+1,564,832% +$48.7M
SHG icon
193
Shinhan Financial Group
SHG
$33.6B
$46.1M 0.06%
1,298,302
+34,597
+3% +$1.12M
LOW icon
194
Lowe's Companies
LOW
$122B
$46M 0.06%
180,579
-1,326
-0.7% -$305K
VZ icon
195
Verizon
VZ
$195B
$45.2M 0.05%
1,076,364
-83,052
-7% -$3.35M
TT icon
196
Trane Technologies
TT
$104B
$45.1M 0.05%
150,159
-13,259
-8% -$3.6M
DELL icon
197
Dell
DELL
$302B
$44.4M 0.05%
389,085
-359,638
-48% -$33.6M
EQH icon
198
Equitable Holdings
EQH
$13.2B
$43.3M 0.05%
1,139,280
+791
+0.1% +$26.9K
TCOM icon
199
Trip.com Group
TCOM
$29.5B
$41.8M 0.05%
951,692
-32,682
-3% -$1.33M
FIX icon
200
Comfort Systems
FIX
$62.5B
$41.7M 0.05%
131,191
+61,514
+88% +$15.7M
6 7
8
9 10

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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.