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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
+305.76%
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
ES icon
1976
Eversource Energy
ES
$27.1B
$0 ﹤0.01%
16
-9,362
-100% -$538K
ESS icon
1977
Essex Property Trust
ESS
$18.3B
– –
-455
Closed -$112K
ET icon
1978
Energy Transfer Partners
ET
$71.2B
– –
-31,361
Closed -$432K
EVRI
1979
DELISTED
Everi Holdings
EVRI
– –
-18,379
Closed -$206K
EXPD icon
1980
Expeditors International
EXPD
$23.2B
– –
-1,488
Closed -$189K
AGNT
1981
AGNT Inc
AGNT
$690M
– –
-232,318
Closed -$3.6M
EYE icon
1982
National Vision
EYE
$1.8B
– –
-19,384
Closed -$405K
FA icon
1983
First Advantage
FA
$4.14B
– –
-9,882
Closed -$163K
FARO
1984
DELISTED
Faro Technologies
FARO
– –
-32
Closed –
FBP icon
1985
First Bancorp
FBP
$4.44B
– –
-20,065
Closed -$329K
FDS icon
1986
Factset
FDS
$9.77B
– –
-711
Closed -$338K
FE icon
1987
FirstEnergy
FE
$27.4B
– –
-18
Closed –
FITB
1988
Fifth Third Bancorp
FITB
$51.7B
– –
-9,990
Closed -$343K
FLNC icon
1989
Fluence Energy
FLNC
$1.75B
– –
-2,629
Closed -$62K
FLO icon
1990
Flowers Foods
FLO
$1.53B
– –
-7,370
Closed -$165K
FLR icon
1991
Fluor
FLR
$6.81B
– –
-75
Closed -$2K
FLWS icon
1992
1-800-Flowers.com
FLWS
$258M
– –
-18,672
Closed -$201K
FMS icon
1993
Fresenius Medical Care
FMS
$12.8B
– –
-357
Closed -$7K
FOX icon
1994
Fox Class B
FOX
$23.2B
– –
-6,947
Closed -$192K
FOXA icon
1995
Fox Class A
FOXA
$25.9B
– –
-9,151
Closed -$271K
FSLR icon
1996
First Solar
FSLR
$26.2B
– –
-429
Closed -$73K
FSP
1997
Franklin Street Properties
FSP
$47.1M
– –
-45,296
Closed -$115K
FTI icon
1998
TechnipFMC
FTI
$27.3B
– –
-5,564
Closed -$112K
FTV icon
1999
Fortive
FTV
$18.4B
– –
-368
Closed -$20K
FVRR icon
2000
Fiverr
FVRR
$331M
– –
-7,227
Closed -$196K
78 79
80
81 82

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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.