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Lazard Asset Management

Lazard Asset Management Portfolio holdings

AUM $60.8B
1-Year Est. Return 22.47%
This Fund
S&P 500
This Quarter Est. Return
+8.56%
1 Year Est. Return
+22.47%
3 Year Est. Return
+62.53%
5 Year Est. Return
+77.87%
10 Year Est. Return
+305.76%
AUM
$82.3B
AUM Growth
+$3.23B
Cap. Flow
-$7.73B
Cap. Flow %
-9.4%
Top 10 Hldgs %
24.03%
Holding
2,474
New
201
Increased
562
Reduced
953
Closed
424

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$983M
2
EXC icon
Exelon
EXC
+$595M
3
AVGO icon
Broadcom
AVGO
+$486M
4
CRH icon
CRH
CRH
+$387M
5
MRVL icon
Marvell Technology
MRVL
+$274M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$795M
2
NSC icon
Norfolk Southern
NSC
+$559M
3
PPL
PPL Corp
PPL
+$355M
4
UNP icon
Union Pacific
UNP
+$328M
5
CSCO icon
Cisco
CSCO
+$283M

Sector Composition

Rank Sector Weight
1 Technology 23.45%
2 Financials 14.25%
3 Healthcare 13.09%
4 Industrials 10.08%
5 Consumer Discretionary 9.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XP icon
2251
XP
XP
$8.62B
– –
-9
Closed –
YEXT icon
2252
Yext
YEXT
$558M
– –
-5,214
Closed -$30K
YUM icon
2253
Yum! Brands
YUM
$41.6B
– –
-2,567
Closed -$335K
Z icon
2254
Zillow
Z
$7.65B
– –
-7,003
Closed -$405K
ZDGE icon
2255
Zedge
ZDGE
$40.5M
$0 ﹤0.01%
+262
New +$827
ZEPP
2256
Zepp Health
ZEPP
$68.2M
– –
-158
Closed –
ZG icon
2257
Zillow
ZG
$7.72B
– –
-2,453
Closed -$139K
QXO
2258
QXO Inc
QXO
$16.4B
$0 ﹤0.01%
9
-5
-36% -$588
CMBT
2259
CMB.TECH NV
CMBT
$4.76B
– –
-3,801
Closed -$66K
NBIS
2260
Nebius Group N.V.
NBIS
$48.2B
$0 ﹤0.01%
12,644
-104
-0.8% –
FLG
2261
Flagstar Bank National Association
FLG
$5.9B
– –
-4,973
Closed -$152K
LAR
2262
Lithium Argentina AG
LAR
$1.08B
– –
-40,836
Closed -$258K
XIFR
2263
XPLR Infrastructure LP
XIFR
$1.08B
– –
-1,039
Closed -$31K
KLRS
2264
Kalaris Therapeutics
KLRS
$99.7M
– –
-103
Closed -$1K
JOYY
2265
JOYY Inc
JOYY
$3.77B
– –
-68
Closed -$2K
LGF.A
2266
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
– –
-16,730
Closed -$182K
BERY
2267
DELISTED
Berry Global Group, Inc.
BERY
– –
-1,550
Closed -$95K
ENZ
2268
DELISTED
Enzo Biochem, Inc.
ENZ
– –
-50,453
Closed -$70K
CUTR
2269
DELISTED
Cutera, Inc.
CUTR
– –
-34,265
Closed -$120K
AZPN
2270
DELISTED
Aspen Technology Inc
AZPN
– –
-369,688
Closed -$81.4M
PFC
2271
DELISTED
Premier Financial Corp. Common Stock
PFC
– –
-4,846
Closed -$116K
MTTR
2272
DELISTED
Matterport, Inc. Class A Common Stock
MTTR
– –
-245
Closed –
SUM
2273
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
– –
-18,861
Closed -$724K
CDMO
2274
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
– –
-54,000
Closed -$351K
AGR
2275
DELISTED
Avangrid, Inc.
AGR
– –
-3,722
Closed -$120K
89 90
91
92 93

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Lazard Asset Management's Q1 2024 Portfolio in Review

As of Q1 2024, Lazard Asset Management held 2,474 positions worth $82.3B, up 4.1% from $79B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Lazard Asset Management withdrew a net $7.73B in Q1 2024, closing 424 positions and reducing 953 holdings. Its most notable exit was PPL Corp, an estimated $355M position sold in full.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 21% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Lazard Asset Management opened a new position in GMO US Quality ETF worth $10.8M.

  • Lazard Asset Management's largest Q1 2024 buy was GMO US Quality ETF: 362,290 shares worth $10.8M.
  • Lazard Asset Management added most to Apple in Q1 2024, an estimated $983M increase.
  • Lazard Asset Management's biggest Q1 2024 reduction was Alphabet (Google) Class A, cutting an estimated $795M.
  • Lazard Asset Management fully exited PPL Corp in Q1 2024, selling an estimated $355M.
  • Lazard Asset Management's ten largest holdings make up 24% of its $82.3B portfolio in Q1 2024.
  • Lazard Asset Management opened 201 new positions and closed 424 in Q1 2024.
  • Lazard Asset Management's portfolio value rose 4.1% quarter-over-quarter to $82.3B.

Based on Lazard Asset Management's 13F filing for Q1 2024, filed 14 May 2024.