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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
+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
Cap. Flow
-$6.14B
Cap. Flow %
-7.55%
Top 10 Hldgs %
23.23%
Holding
2,627
New
307
Increased
786
Reduced
648
Closed
292

Top Buys

Rank Stock Value
1
EXC icon
Exelon
EXC
+$410M
2
AEP icon
American Electric Power
AEP
+$309M
3
UNH icon
UnitedHealth
UNH
+$239M
4
JNJ icon
Johnson & Johnson
JNJ
+$235M
5
SCHW
Charles Schwab
SCHW
+$214M

Top Sells

Rank Stock Value
1
DG icon
Dollar General
DG
+$330M
2
ED icon
Consolidated Edison
ED
+$330M
3
PNC icon
PNC Financial Services
PNC
+$284M
4
CRM icon
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
DHR.PRB
2401
DELISTED
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
– –
-36,190
Closed -$46.1M
CTIC
2402
DELISTED
CTI BioPharma Corp. (DE) Common Stock
CTIC
– –
-9,894
Closed -$41K
DISH
2403
DELISTED
DISH Network Corp.
DISH
$0 ﹤0.01%
114
+39
+52% +$276
DOC
2404
DELISTED
PHYSICIANS REALTY TRUST
DOC
– –
-6,272
Closed -$93K
93 94 95 96
97

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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.