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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
-3.24%
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
$73.5B
AUM Growth
-$7.73B
Cap. Flow
-$10.4B
Cap. Flow %
-14.12%
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
EL icon
Estee Lauder
EL
+$252M
3
BA icon
Boeing
BA
+$251M
4
KVUE icon
Kenvue
KVUE
+$174M
5
FIS icon
Fidelity National Information Services
FIS
+$166M

Top Sells

Rank Stock Value
1
JNJ icon
Johnson & Johnson
JNJ
+$547M
2
UNP icon
Union Pacific
UNP
+$459M
3
PNW icon
Pinnacle West Capital
PNW
+$203M
4
WFC icon
Wells Fargo
WFC
+$199M
5
BAC icon
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
AQST icon
2001
Aquestive Therapeutics
AQST
$492M
$1K ﹤0.01%
+766
New +$1.32K
ARES icon
2002
Ares Management
ARES
$31.2B
$1K ﹤0.01%
10
– –
CVSA
2003
Covista Inc
CVSA
$4.23B
$1K ﹤0.01%
44
-998
-96% -$42.2K
BAX icon
2004
Baxter International
BAX
$14B
$1K ﹤0.01%
28
+13
+87% +$554
BEN icon
2005
Franklin Resources
BEN
$17.3B
$1K ﹤0.01%
46
– –
BIO icon
2006
Bio-Rad Laboratories Class A
BIO
$9.16B
$1K ﹤0.01%
4
– –
CCOI icon
2007
Cogent Communications
CCOI
$546M
$1K ﹤0.01%
22
– –
CEG icon
2008
Constellation Energy
CEG
$93.2B
$1K ﹤0.01%
+13
New +$1.34K
CG icon
2009
Carlyle Group
CG
$17.6B
$1K ﹤0.01%
56
+16
+40% +$515
DKNG icon
2010
DraftKings
DKNG
$11B
$1K ﹤0.01%
59
-666
-92% -$19.7K
ELAN icon
2011
Elanco Animal Health
ELAN
$12.1B
$1K ﹤0.01%
103
-3,664
-97% -$42.6K
ENTG icon
2012
Entegris
ENTG
$21.8B
$1K ﹤0.01%
13
– –
EYE icon
2013
National Vision
EYE
$1.8B
$1K ﹤0.01%
+69
New +$1.38K
FF icon
2014
Future Fuel
FF
$229M
$1K ﹤0.01%
238
-24,369
-99% -$200K
GNRC icon
2015
Generac Holdings
GNRC
$12.5B
$1K ﹤0.01%
10
– –
INKT icon
2016
MiNK Therapeutics
INKT
$54.8M
$1K ﹤0.01%
129
+10
+8% +$163
JAKK icon
2017
Jakks Pacific
JAKK
$292M
$1K ﹤0.01%
86
-1,149
-93% -$21.9K
JAZZ icon
2018
Jazz Pharmaceuticals
JAZZ
$16.7B
$1K ﹤0.01%
11
– –
MPT
2019
Medical Properties Trust
MPT
$2.75B
$1K ﹤0.01%
221
– –
PODD icon
2020
Insulet
PODD
$9.65B
$1K ﹤0.01%
7
-660
-99% -$148K
PWR icon
2021
Quanta Services
PWR
$100B
$1K ﹤0.01%
8
-1
-11% -$201
RIOT icon
2022
Riot Platforms
RIOT
$8.02B
$1K ﹤0.01%
159
-20
-11% -$275
SNAP icon
2023
Snap
SNAP
$8.83B
$1K ﹤0.01%
205
-100,558
-100% -$1.05M
SWK icon
2024
Stanley Black & Decker
SWK
$15.3B
$1K ﹤0.01%
14
+6
+75% +$556
TFC icon
2025
Truist Financial
TFC
$64.2B
$1K ﹤0.01%
50
-10,638
-100% -$327K
79 80
81
82 83

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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.