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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
+6.46%
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
$81.2B
AUM Growth
+$4.94B
(+6.5%)
Cap. Flow
-$6.14B
Cap. Flow
% of AUM
-7.55%
Top 10 Holdings %
Top 10 Hldgs %
23.23%
Holding
2,627
New
307
Increased
786
Reduced
648
Closed
292
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Exelon
EXC
|
+$410M |
| 2 |
American Electric Power
AEP
|
+$309M |
| 3 |
UnitedHealth
UNH
|
+$239M |
| 4 |
Johnson & Johnson
JNJ
|
+$235M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$214M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dollar General
DG
|
+$330M |
| 2 |
Consolidated Edison
ED
|
+$330M |
| 3 |
PNC Financial Services
PNC
|
+$284M |
| 4 |
Salesforce
CRM
|
+$173M |
| 5 |
FISV
Fiserv Inc
FISV
|
+$173M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.56% |
| 2 | Healthcare | 13.87% |
| 3 | Financials | 13.3% |
| 4 | Industrials | 12.02% |
| 5 | Consumer Discretionary | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
ZTO Express
ZTO
$18.3B
| $35.6M | 0.04% |
1,418,250
+204,689
| +17% | +$5.63M |
|
202
ON Semiconductor
ON
$31.8B
| $35.3M | 0.04% |
372,987
+14,906
| +4% | +$1.23M |
|
203
Hershey
HSY
$35.5B
| $35.1M | 0.04% |
140,697
+15,759
| +13% | +$4.13M |
|
204
NVR
NVR
$16.5B
| $34.3M | 0.04% |
5,405
+521
| +11% | +$3.03M |
|
205
Chipotle Mexican Grill
CMG
$47.2B
| $34.1M | 0.04% |
798,000
+131,100
| +20% | +$5.19M |
|
206
Fortinet
FTNT
$119B
| $34.1M | 0.04% |
451,191
+299,818
| +198% | +$20.4M |
|
207
iShares Core US Aggregate Bond ETF
AGG
$137B
| – | – |
0
| – | – |
|
|
NEE.PRR
208
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
| $33.8M | 0.04% |
747,210
| – | – |
|
209
iShares Core S&P Small-Cap ETF
IJR
$109B
| $33.8M | 0.04% |
339,491
+6,923
| +2% | +$659K |
|
210
Cencora
COR
$60.6B
| $33.7M | 0.04% |
175,224
-2,700
| -2% | -$467K |
|
211
Watts Water Technologies
WTS
$11.5B
| $32.9M | 0.04% |
178,891
-722
| -0.4% | -$121K |
|
212
Baidu
BIDU
$37.7B
| $32.5M | 0.04% |
237,555
+19,161
| +9% | +$2.51M |
|
213
Keysight
KEYS
$54.5B
| $32.5M | 0.04% |
194,195
-4,179
| -2% | -$648K |
|
214
Wyndham Hotels & Resorts
WH
$5.56B
| $32.5M | 0.04% |
474,220
+122,732
| +35% | +$8.38M |
|
215
Trane Technologies
TT
$101B
| $32.5M | 0.04% |
169,844
+44,378
| +35% | +$7.88M |
|
216
ServiceNow
NOW
$115B
| $32.5M | 0.04% |
288,995
+44,935
| +18% | +$4.49M |
|
217
lululemon athletica
LULU
$13.5B
| $31.1M | 0.04% |
82,066
+45,318
| +123% | +$16.7M |
|
218
Atkore
ATKR
$2.46B
| $31M | 0.04% |
198,662
+18,510
| +10% | +$2.43M |
|
219
Xcel Energy
XEL
$48.8B
| $30.9M | 0.04% |
497,730
-18,503
| -4% | -$1.24M |
|
220
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
| – | – |
0
| – | – |
|
221
Expedia Group
EXPE
$35.4B
| $30.2M | 0.04% |
275,913
-1,195
| -0.4% | -$117K |
|
222
ExxonMobil
XOM
$644B
| $30M | 0.04% |
279,463
-14,380
| -5% | -$1.57M |
|
223
Comcast
CMCSA
$85B
| $30M | 0.04% |
721,195
-21,004
| -3% | -$834K |
|
224
Hartford Financial Services
HIG
$38.9B
| $29.7M | 0.04% |
411,934
-35,070
| -8% | -$2.46M |
|
225
Lattice Semiconductor
LSCC
$17.6B
| $29.7M | 0.04% |
308,716
+119,086
| +63% | +$10.2M |
|
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QCM
Lazard Asset Management's Q2 2023 Portfolio in Review
As of Q2 2023, Lazard Asset Management held 2,627 positions worth $81.2B, up 6.5% from $76.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Lazard Asset Management withdrew a net $6.14B in Q2 2023, closing 292 positions and reducing 648 holdings. Its most notable exit was ABB Ltd, an estimated $107M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Nice worth $14.7M.
- Lazard Asset Management's largest Q2 2023 buy was Nice: 71,266 shares worth $14.7M.
- Lazard Asset Management added most to Exelon in Q2 2023, an estimated $410M increase.
- Lazard Asset Management's biggest Q2 2023 reduction was Dollar General, cutting an estimated $330M.
- Lazard Asset Management fully exited ABB Ltd in Q2 2023, selling an estimated $107M.
- Lazard Asset Management's ten largest holdings make up 23% of its $81.2B portfolio in Q2 2023.
- Lazard Asset Management opened 307 new positions and closed 292 in Q2 2023.
- Lazard Asset Management's portfolio value rose 6.5% quarter-over-quarter to $81.2B.
Based on Lazard Asset Management's 13F filing for Q2 2023, filed 15 Aug 2023.