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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
+7.32%
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
$74.3B
AUM Growth
+$1.61B
Cap. Flow
-$1.32B
Cap. Flow %
-1.78%
Top 10 Hldgs %
25.59%
Holding
2,417
New
206
Increased
783
Reduced
558
Closed
621

Top Buys

Rank Stock Value
1
FER icon
Ferrovial N.V. Ordinary Shares
FER
+$1.2B
2
AMT icon
American Tower
AMT
+$886M
3
CNI icon
Canadian National Railway
CNI
+$864M
4
ED icon
Consolidated Edison
ED
+$598M
5
LIN icon
Linde
LIN
+$452M

Top Sells

Rank Stock Value
1
NSC icon
Norfolk Southern
NSC
+$913M
2
AEP icon
American Electric Power
AEP
+$318M
3
WIX icon
WIX.com
WIX
+$217M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$210M
5
AON icon
Aon
AON
+$203M

Sector Composition

Rank Sector Weight
1 Technology 29.74%
2 Industrials 14.13%
3 Financials 13.78%
4 Healthcare 10.58%
5 Consumer Discretionary 8.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NX icon
2001
Quanex
NX
$959M
– –
-3,749
Closed -$70K
O icon
2002
Realty Income
O
$58.2B
– –
-791
Closed -$45K
TEAD
2003
Teads Holding Co
TEAD
$67.5M
– –
-200,112
Closed -$496K
OC icon
2004
Owens Corning
OC
$12.1B
– –
-1,054
Closed -$144K
OEC icon
2005
Orion
OEC
$429M
– –
-49,022
Closed -$514K
OFG icon
2006
OFG Bancorp
OFG
$2.24B
– –
-5,613
Closed -$239K
OFIX icon
2007
Orthofix Medical
OFIX
$428M
– –
-84,155
Closed -$938K
OIS icon
2008
Oil States International
OIS
$501M
– –
-8,693
Closed -$46K
OLO
2009
DELISTED
Olo Inc
OLO
– –
-183,176
Closed -$1.63M
OMAB icon
2010
Grupo Aeroportuario Centro Norte
OMAB
$5.37B
– –
-39
Closed -$4K
ACH
2011
Accendra Health
ACH
$224M
– –
-68,547
Closed -$623K
ONEW icon
2012
OneWater Marine
ONEW
$199M
– –
-2,847
Closed -$38K
OOMA icon
2013
Ooma
OOMA
$588M
– –
-4,927
Closed -$63K
OPXS icon
2014
Optex Systems
OPXS
$83.9M
– –
-2,482
Closed -$28K
OSBC icon
2015
Old Second Bancorp
OSBC
$1.31B
– –
-7,082
Closed -$125K
OTEX icon
2016
Open Text
OTEX
$6.23B
– –
-66,512
Closed -$1.94M
OTIS icon
2017
Otis Worldwide
OTIS
$28.1B
– –
-1,886
Closed -$186K
OUST icon
2018
Ouster
OUST
$3.07B
– –
-9,832
Closed -$238K
OWLT icon
2019
Owlet
OWLT
$158M
– –
-3,362
Closed -$28K
OXY icon
2020
Occidental Petroleum
OXY
$55.7B
– –
-3,642
Closed -$152K
PACK icon
2021
Ranpak Holdings
PACK
$466M
– –
-830
Closed -$2K
PAGP icon
2022
Plains GP Holdings
PAGP
$5.02B
– –
-3,030
Closed -$58K
PBT
2023
Permian Basin Royalty Trust
PBT
$1.47B
– –
-9,143
Closed -$113K
PCH
2024
DELISTED
PotlatchDeltic
PCH
– –
-29,366
Closed -$1.13M
PCYO icon
2025
Pure Cycle
PCYO
$257M
– –
-5,735
Closed -$61K
79 80
81
82 83

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Lazard Asset Management's Q3 2025 Portfolio in Review

As of Q3 2025, Lazard Asset Management held 2,417 positions worth $74.3B, up 2.2% from $72.7B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Lazard Asset Management's Q3 2025 filing shows 206 new, 783 increased, 558 reduced and 621 closed positions. Its largest new stake was Linde: 954,064 shares worth $453M. The largest sale was Norfolk Southern, an estimated $913M.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Industrials and Financials.

  • Lazard Asset Management's largest Q3 2025 buy was Linde: 954,064 shares worth $453M.
  • Lazard Asset Management added most to Ferrovial N.V. Ordinary Shares in Q3 2025, an estimated $1.2B increase.
  • Lazard Asset Management's biggest Q3 2025 reduction was Norfolk Southern, cutting an estimated $913M.
  • Lazard Asset Management fully exited Eversource Energy in Q3 2025, selling an estimated $171M.
  • Lazard Asset Management's ten largest holdings make up 26% of its $74.3B portfolio in Q3 2025.
  • Lazard Asset Management opened 206 new positions and closed 621 in Q3 2025.
  • Lazard Asset Management's portfolio value rose 2.2% quarter-over-quarter to $74.3B.

Based on Lazard Asset Management's 13F filing for Q3 2025, filed 14 Nov 2025.