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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
+302.07%
AUM
$76.3B
AUM Growth
+$3.71B
(+5.1%)
Cap. Flow
-$8.32B
Cap. Flow
% of AUM
-10.91%
Top 10 Holdings %
Top 10 Hldgs %
21.64%
Holding
2,644
New
223
Increased
746
Reduced
756
Closed
309
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$315M |
| 2 |
UnitedHealth
UNH
|
+$251M |
| 3 |
Union Pacific
UNP
|
+$248M |
| 4 |
Chevron
CVX
|
+$165M |
| 5 |
CYBR
CyberArk
CYBR
|
+$161M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Analog Devices
ADI
|
+$252M |
| 2 |
Aon
AON
|
+$184M |
| 3 |
Meta Platforms (Facebook)
META
|
+$160M |
| 4 |
PNC Financial Services
PNC
|
+$156M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
201
ExxonMobil
XOM
$638B
| $32.2M | 0.04% |
293,843
+5,560
| +2% | +$615K |
|
202
Copart
CPRT
$27.2B
| $32.2M | 0.04% |
856,840
-57,266
| -6% | -$1.95M |
|
203
iShares Core S&P Small-Cap ETF
IJR
$113B
| $32.2M | 0.04% |
332,568
-3,131
| -0.9% | -$313K |
|
|
TWN
204
Taiwan Fund
TWN
$512M
| $32.1M | 0.04% |
1,191,824
-39,821
| -3% | -$1.04M |
|
205
Keysight
KEYS
$58.3B
| $32M | 0.04% |
198,374
-385,908
| -66% | -$65.5M |
|
206
Hershey
HSY
$36B
| $31.8M | 0.04% |
124,938
-61,329
| -33% | -$14.4M |
|
|
CTLT
207
DELISTED
CATALENT, INC.
CTLT
| $31.8M | 0.04% |
483,220
-229,859
| -32% | -$14.2M |
|
208
Hartford Financial Services
HIG
$38.9B
| $31.1M | 0.04% |
447,004
-1,109
| -0.2% | -$82.4K |
|
209
United Therapeutics
UTHR
$22B
| $30.9M | 0.04% |
137,877
+22,398
| +19% | +$5.52M |
|
210
Ingevity
NGVT
$2.6B
| $30.3M | 0.04% |
423,820
-32,853
| -7% | -$2.61M |
|
211
Watts Water Technologies
WTS
$12B
| $30.2M | 0.04% |
179,613
-6,039
| -3% | -$995K |
|
212
Ciena
CIEN
$58.2B
| $29.6M | 0.04% |
563,447
+38,441
| +7% | +$1.92M |
|
213
ON Semiconductor
ON
$31.4B
| $29.5M | 0.04% |
358,081
-163,407
| -31% | -$12.4M |
|
214
Public Storage
PSA
$61B
| $29.3M | 0.04% |
96,881
-18,505
| -16% | -$5.44M |
|
215
Shinhan Financial Group
SHG
$33.6B
| $29M | 0.04% |
1,076,639
+28,965
| +3% | +$884K |
|
216
Republic Services
RSG
$63.9B
| $28.8M | 0.04% |
213,133
-383,060
| -64% | -$48.9M |
|
217
Cencora
COR
$59.6B
| $28.5M | 0.04% |
177,924
-1,834
| -1% | -$291K |
|
218
iShares MSCI EAFE ETF
EFA
$79.3B
| $28.5M | 0.04% |
398,135
-419,687
| -51% | -$29.4M |
|
|
HIMX
219
Himax Technologies
HIMX
$2.47B
| $28.4M | 0.04% |
3,487,183
+297,801
| +9% | +$2.3M |
|
220
Comcast
CMCSA
$88.5B
| $28.1M | 0.04% |
742,199
-1,218,841
| -62% | -$46.1M |
|
221
Cardinal Health
CAH
$54.7B
| $28.1M | 0.04% |
371,682
+100,124
| +37% | +$7.55M |
|
|
BLD
222
DELISTED
TopBuild
BLD
| $28M | 0.04% |
134,331
+2,517
| +2% | +$487K |
|
223
Academy Sports + Outdoors
ASO
$3.02B
| $27.6M | 0.04% |
423,075
-1,010
| -0.2% | -$59.5K |
|
224
iShares MSCI Emerging Markets ETF
EEM
$29.7B
| $27.6M | 0.04% |
698,196
-833,280
| -54% | -$33.1M |
|
225
Take-Two Interactive
TTWO
$44.9B
| $27.4M | 0.04% |
229,824
-2,447
| -1% | -$273K |
|
Similar funds
QCM
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.