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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
+6.48%
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
$76.3B
AUM Growth
+$3.71B
Cap. Flow
-$8.32B
Cap. Flow %
-10.91%
Top 10 Hldgs %
21.64%
Holding
2,644
New
223
Increased
746
Reduced
756
Closed
309

Top Buys

Rank Stock Value
1
NSC icon
Norfolk Southern
NSC
+$315M
2
UNH icon
UnitedHealth
UNH
+$251M
3
UNP icon
Union Pacific
UNP
+$248M
4
CVX icon
Chevron
CVX
+$165M
5
CYBR
CyberArk
CYBR
+$161M

Top Sells

Rank Stock Value
1
ADI icon
Analog Devices
ADI
+$252M
2
AON icon
Aon
AON
+$184M
3
META icon
Meta Platforms (Facebook)
META
+$160M
4
PNC icon
PNC Financial Services
PNC
+$156M
5
PYPL icon
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
GNRC icon
2001
Generac Holdings
GNRC
$12.5B
$1K ﹤0.01%
14
-62
-82% -$7.17K
GRMN
2002
Garmin
GRMN
$58.2B
$1K ﹤0.01%
11
– –
HMC icon
2003
Honda
HMC
$39.9B
$1K ﹤0.01%
59
– –
INSW icon
2004
International Seaways
INSW
$4.61B
$1K ﹤0.01%
+34
New +$1.44K
IR icon
2005
Ingersoll Rand
IR
$34.2B
$1K ﹤0.01%
27
– –
IRWD icon
2006
Ironwood Pharmaceuticals
IRWD
$701M
$1K ﹤0.01%
109
-10,779
-99% -$121K
LNT icon
2007
Alliant Energy
LNT
$18B
$1K ﹤0.01%
27
+8
+42% +$426
MKC icon
2008
McCormick & Company Non-Voting
MKC
$14.1B
$1K ﹤0.01%
16
– –
MPT
2009
Medical Properties Trust
MPT
$2.75B
$1K ﹤0.01%
164
+103
+169% +$1.14K
NTRS icon
2010
Northern Trust
NTRS
$33.7B
$1K ﹤0.01%
14
– –
POOL icon
2011
Pool Corp
POOL
$7.31B
$1K ﹤0.01%
4
– –
RIOT icon
2012
Riot Platforms
RIOT
$8.02B
$1K ﹤0.01%
179
+7
+4% +$46
RSP icon
2013
Invesco S&P 500 Equal Weight ETF
RSP
$98.8B
$1K ﹤0.01%
13
– –
RVTY icon
2014
Revvity
RVTY
$12.7B
$1K ﹤0.01%
15
– –
SSNC icon
2015
SS&C Technologies
SSNC
$18.7B
$1K ﹤0.01%
18
+9
+100% +$519
STE icon
2016
Steris
STE
$22.6B
$1K ﹤0.01%
6
-3
-33% -$580
STNG icon
2017
Scorpio Tankers
STNG
$3.83B
$1K ﹤0.01%
28
-56,922
-100% -$3.11M
SWK icon
2018
Stanley Black & Decker
SWK
$15.3B
$1K ﹤0.01%
18
– –
TFX icon
2019
Teleflex
TFX
$6.15B
$1K ﹤0.01%
5
-180
-97% -$43.6K
TM icon
2020
Toyota
TM
$222B
$1K ﹤0.01%
11
– –
TROW icon
2021
T. Rowe Price
TROW
$24.2B
$1K ﹤0.01%
16
– –
UONEK icon
2022
Urban One Class D
UONEK
$24.9M
$1K ﹤0.01%
24
– –
VCIT icon
2023
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.2B
– –
0
– –
VRNS icon
2024
Varonis Systems
VRNS
$4.87B
$1K ﹤0.01%
72
-900
-93% -$23.5K
VTR icon
2025
Ventas
VTR
$47.3B
$1K ﹤0.01%
38
– –
79 80
81
82 83

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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.