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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
+11.1%
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
$79B
AUM Growth
+$5.52B
(+7.5%)
Cap. Flow
-$7.01B
Cap. Flow
% of AUM
-8.87%
Top 10 Holdings %
Top 10 Hldgs %
24.46%
Holding
2,559
New
284
Increased
737
Reduced
832
Closed
260
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chubb
CB
|
+$555M |
| 2 |
American Electric Power
AEP
|
+$272M |
| 3 |
Ulta Beauty
ULTA
|
+$161M |
| 4 |
CVS Health
CVS
|
+$160M |
| 5 |
McDonald's
MCD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$388M |
| 2 |
Aon
AON
|
+$211M |
| 3 |
Johnson & Johnson
JNJ
|
+$209M |
| 4 |
Norfolk Southern
NSC
|
+$162M |
| 5 |
Envista
NVST
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.99% |
| 2 | Financials | 14.12% |
| 3 | Healthcare | 13.38% |
| 4 | Industrials | 11.48% |
| 5 | Consumer Discretionary | 9.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Middleby
MIDD
$6.14B
| $40.3M | 0.05% |
273,669
-2,263
| -0.8% | -$287K |
|
202
HCA Healthcare
HCA
$88B
| $40.3M | 0.05% |
148,743
-52,234
| -26% | -$12.9M |
|
203
Trane Technologies
TT
$101B
| $39.9M | 0.05% |
163,418
-6,057
| -4% | -$1.33M |
|
204
Shinhan Financial Group
SHG
$33.4B
| $38.9M | 0.05% |
1,263,705
+172,278
| +16% | +$4.74M |
|
205
Tradeweb Markets
TW
$21.5B
| $38.2M | 0.05% |
419,962
+279,402
| +199% | +$24.9M |
|
206
Equitable Holdings
EQH
$13.1B
| $37.9M | 0.05% |
1,138,489
+198,097
| +21% | +$5.8M |
|
207
Global Payments
GPN
$23.6B
| $37.9M | 0.05% |
298,338
+22,313
| +8% | +$2.58M |
|
|
ASA
208
ASA Gold and Precious Metals
ASA
$944M
| $37.8M | 0.05% |
2,512,090
-30,146
| -1% | -$428K |
|
209
iShares Core S&P Mid-Cap ETF
IJH
$124B
| $37M | 0.05% |
667,100
-5,450
| -0.8% | -$276K |
|
210
KLA
KLAC
$239B
| $36.3M | 0.05% |
625,220
+212,240
| +51% | +$11M |
|
211
Watts Water Technologies
WTS
$11.7B
| $36.1M | 0.05% |
173,193
-3,739
| -2% | -$706K |
|
212
Cigna
CI
$74.5B
| $36M | 0.05% |
120,102
+19,376
| +19% | +$5.66M |
|
213
iShares Core S&P Small-Cap ETF
IJR
$111B
| $35.5M | 0.04% |
328,146
-2,660
| -0.8% | -$256K |
|
214
Trip.com Group
TCOM
$29.8B
| $35.4M | 0.04% |
984,374
-383,868
| -28% | -$13.1M |
|
215
SBA Communications
SBAC
$19B
| $35M | 0.04% |
137,934
-97,657
| -41% | -$21.9M |
|
216
Grupo Aeroportuario del Pacifico
PAC
$13B
| $34.9M | 0.04% |
199,290
+147,213
| +283% | +$21.1M |
|
217
Antero Resources
AR
$11.2B
| $34.4M | 0.04% |
1,517,733
+680,640
| +81% | +$17.3M |
|
218
GoDaddy
GDDY
$11.7B
| $34.4M | 0.04% |
324,178
+278,746
| +614% | +$24.9M |
|
219
CubeSmart
CUBE
$9.47B
| $34.3M | 0.04% |
739,885
+135,477
| +22% | +$5.32M |
|
220
Lantheus
LNTH
$6.59B
| $33.7M | 0.04% |
543,441
+206,495
| +61% | +$14M |
|
221
Halozyme
HALO
$9.76B
| $33.2M | 0.04% |
897,347
+36,873
| +4% | +$1.39M |
|
222
QuidelOrtho
QDEL
$1.21B
| $32.9M | 0.04% |
446,886
+4,833
| +1% | +$327K |
|
223
Chipotle Mexican Grill
CMG
$47.5B
| $32.9M | 0.04% |
719,950
+30,650
| +4% | +$1.28M |
|
224
Hartford Financial Services
HIG
$39.2B
| $32.2M | 0.04% |
400,284
+40,339
| +11% | +$3.04M |
|
|
225
Envista
NVST
$4.45B
| $32.2M | 0.04% |
1,336,570
-6,220,532
| -82% | -$149M |
|
Similar funds
QCM
Lazard Asset Management's Q4 2023 Portfolio in Review
As of Q4 2023, Lazard Asset Management held 2,559 positions worth $79B, up 7.5% from $73.5B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $7.01B in Q4 2023, closing 260 positions and reducing 832 holdings. Its most notable exit was VMware, Inc, an estimated $34.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Lazard Asset Management opened a new position in Dentsply Sirona worth $141M.
- Lazard Asset Management's largest Q4 2023 buy was Dentsply Sirona: 3,954,444 shares worth $141M.
- Lazard Asset Management added most to Chubb in Q4 2023, an estimated $555M increase.
- Lazard Asset Management's biggest Q4 2023 reduction was Meta Platforms (Facebook), cutting an estimated $388M.
- Lazard Asset Management fully exited VMware, Inc in Q4 2023, selling an estimated $34.5M.
- Lazard Asset Management's ten largest holdings make up 24% of its $79B portfolio in Q4 2023.
- Lazard Asset Management opened 284 new positions and closed 260 in Q4 2023.
- Lazard Asset Management's portfolio value rose 7.5% quarter-over-quarter to $79B.
Based on Lazard Asset Management's 13F filing for Q4 2023, filed 14 Feb 2024.