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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
-3.24%
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
$73.5B
AUM Growth
-$7.73B
(-9.5%)
Cap. Flow
-$10.4B
Cap. Flow
% of AUM
-14.12%
Top 10 Holdings %
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 |
Estee Lauder
EL
|
+$252M |
| 3 |
Boeing
BA
|
+$251M |
| 4 |
Kenvue
KVUE
|
+$174M |
| 5 |
Fidelity National Information Services
FIS
|
+$166M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$547M |
| 2 |
Union Pacific
UNP
|
+$459M |
| 3 |
Pinnacle West Capital
PNW
|
+$203M |
| 4 |
Wells Fargo
WFC
|
+$199M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
201
American International
AIG
$41.7B
| $33.7M | 0.05% |
556,119
+150,772
| +37% | +$9M |
|
202
iShares Core S&P Mid-Cap ETF
IJH
$124B
| $33.5M | 0.05% |
672,550
-15,900
| -2% | -$833K |
|
203
General Motors
GM
$78B
| $33.1M | 0.05% |
1,005,396
+917,578
| +1,045% | +$32.6M |
|
204
Halozyme
HALO
$9.79B
| $32.9M | 0.04% |
860,474
-338,193
| -28% | -$13.9M |
|
205
QuidelOrtho
QDEL
$1.14B
| $32.3M | 0.04% |
442,053
-66,600
| -13% | -$5.32M |
|
206
Pultegroup
PHM
$24.1B
| $31.9M | 0.04% |
431,282
+207,405
| +93% | +$16.5M |
|
207
Global Payments
GPN
$23B
| $31.9M | 0.04% |
276,025
+67,660
| +32% | +$8.05M |
|
208
NVR
NVR
$16.5B
| $31.7M | 0.04% |
5,311
-94
| -2% | -$584K |
|
209
Baidu
BIDU
$37.7B
| $31.6M | 0.04% |
235,322
-2,233
| -0.9% | -$313K |
|
210
Comcast
CMCSA
$85B
| $31.5M | 0.04% |
709,969
-11,226
| -2% | -$501K |
|
211
iShares Core S&P Small-Cap ETF
IJR
$111B
| $31.2M | 0.04% |
330,806
-8,685
| -3% | -$868K |
|
212
ServiceNow
NOW
$115B
| $31.2M | 0.04% |
278,670
-10,325
| -4% | -$1.18M |
|
213
Watts Water Technologies
WTS
$11.5B
| $30.6M | 0.04% |
176,932
-1,959
| -1% | -$358K |
|
214
iShares Core US Aggregate Bond ETF
AGG
$137B
| – | – |
0
| – | – |
|
215
Ciena
CIEN
$53.4B
| $30M | 0.04% |
634,007
-47,302
| -7% | -$2.09M |
|
216
AbbVie
ABBV
$443B
| $29.1M | 0.04% |
195,048
+95,057
| +95% | +$14M |
|
217
Shinhan Financial Group
SHG
$32.8B
| $28.9M | 0.04% |
1,091,427
-823,477
| -43% | -$22.1M |
|
218
Cigna
CI
$73.7B
| $28.8M | 0.04% |
100,726
+3,968
| +4% | +$1.13M |
|
219
ScottsMiracle-Gro
SMG
$3.82B
| $28.3M | 0.04% |
+548,310
| New | +$31.8M |
|
|
NEE.PRR
220
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
| $28.2M | 0.04% |
745,726
-1,484
| -0.2% | -$65K |
|
221
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
| – | – |
0
| – | – |
|
222
Nasdaq
NDAQ
$52.7B
| $27M | 0.04% |
556,610
+310,650
| +126% | +$15.7M |
|
223
ExxonMobil
XOM
$644B
| $27M | 0.04% |
229,546
-49,917
| -18% | -$5.48M |
|
224
Mercado Libre
MELI
$95.2B
| $26.9M | 0.04% |
21,238
-19,261
| -48% | -$24.5M |
|
225
Everest Group
EG
$14.5B
| $26.8M | 0.04% |
72,023
-6,324
| -8% | -$2.3M |
|
Similar funds
QCM
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.