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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
+4.33%
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
$59B
AUM Growth
-$15.3B
(-21%)
Cap. Flow
-$17.5B
Cap. Flow
% of AUM
-29.66%
Top 10 Holdings %
Top 10 Hldgs %
23.25%
Holding
2,070
New
257
Increased
660
Reduced
658
Closed
198
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Crown Castle
CCI
|
+$593M |
| 2 |
American Tower
AMT
|
+$295M |
| 3 |
KLA
KLAC
|
+$242M |
| 4 |
Ingersoll Rand
IR
|
+$149M |
| 5 |
TotalEnergies
TTE
|
+$129M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$1.34B |
| 2 |
Apple
AAPL
|
+$1.27B |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$1.04B |
| 4 |
Amazon
AMZN
|
+$999M |
| 5 |
Applied Materials
AMAT
|
+$612M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.74% |
| 2 | Financials | 12.95% |
| 3 | Industrials | 12.91% |
| 4 | Healthcare | 10.97% |
| 5 | Consumer Discretionary | 7.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Brookfield
BN
$107B
| $51M | 0.09% |
1,111,589
-187,294
| -14% | -$8.54M |
|
202
Hubbell
HUBB
$25.2B
| $50.7M | 0.09% |
114,100
| – | – |
|
203
RTX Corp
RTX
$292B
| $50.5M | 0.09% |
275,264
+221,570
| +413% | +$38.5M |
|
204
ServiceNow
NOW
$118B
| $50.4M | 0.09% |
329,009
+30,159
| +10% | +$5.17M |
|
205
NetEase
NTES
$84.2B
| $48.8M | 0.08% |
354,287
-13,839
| -4% | -$1.96M |
|
206
Portland General Electric
POR
$5.9B
| $48.4M | 0.08% |
1,007,657
+155,500
| +18% | +$7.34M |
|
207
SBA Communications
SBAC
$19B
| $48.1M | 0.08% |
248,476
+53,372
| +27% | +$10.3M |
|
208
Altria Group
MO
$114B
| $47.5M | 0.08% |
823,223
+196,908
| +31% | +$11.9M |
|
209
Corpay
CPAY
$25.2B
| $47.3M | 0.08% |
157,140
-22,739
| -13% | -$6.6M |
|
|
HIMX
210
Himax Technologies
HIMX
$2.23B
| $46.8M | 0.08% |
5,718,698
+489,903
| +9% | +$4.14M |
|
211
Booz Allen Hamilton
BAH
$8.56B
| $46.7M | 0.08% |
553,244
-115,887
| -17% | -$10.4M |
|
212
Cisco
CSCO
$457B
| $46.1M | 0.08% |
598,722
-11,503
| -2% | -$854K |
|
213
Pfizer
PFE
$143B
| $45.8M | 0.08% |
1,840,928
+62,895
| +4% | +$1.59M |
|
214
Honeywell
HON
$78.2B
| $45.8M | 0.08% |
234,651
+74,519
| +47% | +$14.6M |
|
215
Western Digital
WDC
$182B
| $45.1M | 0.08% |
261,595
+46,116
| +21% | +$6.99M |
|
216
American Electric Power
AEP
$69.9B
| $44.8M | 0.08% |
388,598
+77,501
| +25% | +$9.15M |
|
|
NVO
217
Novo Nordisk
NVO
$208B
| $43.7M | 0.07% |
859,806
-561,720
| -40% | -$28.7M |
|
218
Dell
DELL
$277B
| $42M | 0.07% |
333,336
+277,466
| +497% | +$39.1M |
|
219
Keysight
KEYS
$55B
| $41.3M | 0.07% |
203,023
-3,310
| -2% | -$614K |
|
|
CAF
220
Morgan Stanley China A Share Fund
CAF
$317M
| $41.1M | 0.07% |
2,369,996
+66,471
| +3% | +$1.11M |
|
221
Cemex
CX
$17.1B
| $40.7M | 0.07% |
3,538,511
-13,253,733
| -79% | -$137M |
|
|
QLTI
222
GMO International Quality ETF
QLTI
$295M
| $40.5M | 0.07% |
1,523,733
+897,193
| +143% | +$23.4M |
|
223
BJs Wholesale Club
BJ
$12.4B
| $39.8M | 0.07% |
442,407
+182,680
| +70% | +$16.8M |
|
224
SPDR Gold Trust
GLD
$131B
| $39.8M | 0.07% |
100,377
-524
| -0.5% | -$200K |
|
225
Corteva
CTVA
$50.9B
| $39.7M | 0.07% |
591,765
+51,288
| +9% | +$3.32M |
|
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QCM
Lazard Asset Management's Q4 2025 Portfolio in Review
As of Q4 2025, Lazard Asset Management held 2,070 positions worth $59B, down 21% from $74.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Lazard Asset Management withdrew a net $17.5B in Q4 2025, closing 198 positions and reducing 658 holdings. Its most notable exit was Henry Schein, an estimated $30.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 30% a quarter earlier, followed by Financials and Industrials.
Against the trend, Lazard Asset Management opened a new position in Ingersoll Rand worth $149M.
- Lazard Asset Management's largest Q4 2025 buy was Ingersoll Rand: 1,884,586 shares worth $149M.
- Lazard Asset Management added most to Crown Castle in Q4 2025, an estimated $593M increase.
- Lazard Asset Management's biggest Q4 2025 reduction was Microsoft, cutting an estimated $1.34B.
- Lazard Asset Management fully exited Henry Schein in Q4 2025, selling an estimated $30.7M.
- Lazard Asset Management's ten largest holdings make up 23% of its $59B portfolio in Q4 2025.
- Lazard Asset Management opened 257 new positions and closed 198 in Q4 2025.
- Lazard Asset Management's portfolio value fell 21% quarter-over-quarter to $59B.
Based on Lazard Asset Management's 13F filing for Q4 2025, filed 17 Feb 2026.