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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
-9.03%
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
$41.8B
AUM Growth
-$5.88B
(-12%)
Cap. Flow
-$1.39B
Cap. Flow
% of AUM
-3.33%
Top 10 Holdings %
Top 10 Hldgs %
20.95%
Holding
1,239
New
122
Increased
360
Reduced
365
Closed
160
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$331M |
| 2 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$315M |
| 3 |
MNK
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
|
+$310M |
| 4 |
America Movil
AMX
|
+$263M |
| 5 |
Aon
AON
|
+$213M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Xerox
XRX
|
+$467M |
| 2 |
Baxter International
BAX
|
+$455M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$309M |
| 4 |
CMA
Comerica
CMA
|
+$247M |
| 5 |
Viatris
VTRS
|
+$231M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 14.91% |
| 2 | Technology | 13.9% |
| 3 | Healthcare | 13.87% |
| 4 | Financials | 13.53% |
| 5 | Industrials | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$3.89T
| $1.13B | 2.71% |
36,070,780
+6,734,220
| +23% | +$207M |
|
|
CHL
2
DELISTED
China Mobile Limited
CHL
| $977M | 2.34% |
16,423,047
-709,406
| -4% | -$43.8M |
|
3
Baidu
BIDU
$36.5B
| $962M | 2.3% |
7,000,761
-574,339
| -8% | -$94.7M |
|
4
Advance Auto Parts
AAP
$3.22B
| $897M | 2.14% |
4,730,410
-1,058,664
| -18% | -$183M |
|
5
Apple
AAPL
$4.72T
| $834M | 1.99% |
30,236,396
+5,028,220
| +20% | +$147M |
|
6
Zoetis
ZTS
$31.3B
| $811M | 1.94% |
19,684,466
+3,993,149
| +25% | +$185M |
|
7
TSMC
TSM
$2.16T
| $808M | 1.93% |
38,961,794
-1,799,626
| -4% | -$37.8M |
|
|
8
Aon
AON
$76B
| $801M | 1.92% |
9,039,631
+2,195,592
| +32% | +$213M |
|
|
EMC
9
DELISTED
EMC CORPORATION
EMC
| $773M | 1.85% |
32,009,152
+2,589,127
| +9% | +$65.4M |
|
10
Telkom Indonesia
TLK
$14.2B
| $764M | 1.83% |
42,851,984
-1,748,130
| -4% | -$35.4M |
|
11
Cisco
CSCO
$444B
| $747M | 1.78% |
28,439,216
+1,711,669
| +6% | +$46.2M |
|
12
Pfizer
PFE
$143B
| $731M | 1.75% |
24,540,719
+1,573,574
| +7% | +$50.5M |
|
|
13
Teva Pharmaceuticals
TEVA
$36.3B
| $725M | 1.73% |
12,847,566
-4,759,161
| -27% | -$309M |
|
14
NetEase
NTES
$76.9B
| $694M | 1.66% |
28,908,070
-2,331,755
| -7% | -$60.1M |
|
15
Honeywell
HON
$78B
| $561M | 1.34% |
6,592,320
+702,980
| +12% | +$64M |
|
|
K
16
DELISTED
Kellanova
K
| $541M | 1.29% |
8,662,585
+494,927
| +6% | +$30.9M |
|
17
Ambev
ABEV
$47.7B
| $496M | 1.18% |
101,130,565
-6,293,810
| -6% | -$34.2M |
|
18
Eli Lilly
LLY
$1.06T
| $477M | 1.14% |
5,704,252
-1,001,357
| -15% | -$84.5M |
|
19
PLDT
PHI
$4.17B
| $471M | 1.13% |
10,195,774
-519,560
| -5% | -$29.5M |
|
20
CSX Corp
CSX
$97.8B
| $455M | 1.09% |
50,707,767
+14,754,282
| +41% | +$145M |
|
21
IBM
IBM
$195B
| $449M | 1.07% |
3,242,240
+104,937
| +3% | +$15.5M |
|
22
Visa
V
$669B
| $442M | 1.06% |
6,347,263
+16,662
| +0.3% | +$1.19M |
|
|
VIAB
23
DELISTED
Viacom Inc. Class B
VIAB
| $426M | 1.02% |
9,881,019
-1,920,131
| -16% | -$95.1M |
|
24
Intercontinental Exchange
ICE
$81B
| $398M | 0.95% |
8,466,010
+1,911,245
| +29% | +$88.5M |
|
|
GXP
25
DELISTED
Great Plains Energy Incorporated
GXP
| $397M | 0.95% |
14,702,988
-635,722
| -4% | -$16.3M |
|
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QCM
Lazard Asset Management's Q3 2015 Portfolio in Review
As of Q3 2015, Lazard Asset Management held 1,239 positions worth $41.8B, down 12% from $47.7B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Lazard Asset Management withdrew a net $1.39B in Q3 2015, closing 160 positions and reducing 365 holdings. Its most notable exit was ADT Corp, an estimated $51.8M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 15% of assets, down from 15% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Lazard Asset Management opened a new position in BAXALTA INC COM STK (DE) worth $288M.
- Lazard Asset Management's largest Q3 2015 buy was BAXALTA INC COM STK (DE): 9,135,596 shares worth $288M.
- Lazard Asset Management added most to Bank of America in Q3 2015, an estimated $331M increase.
- Lazard Asset Management's biggest Q3 2015 reduction was Xerox, cutting an estimated $467M.
- Lazard Asset Management fully exited ADT Corp in Q3 2015, selling an estimated $51.8M.
- Lazard Asset Management's ten largest holdings make up 21% of its $41.8B portfolio in Q3 2015.
- Lazard Asset Management opened 122 new positions and closed 160 in Q3 2015.
- Lazard Asset Management's portfolio value fell 12% quarter-over-quarter to $41.8B.
Based on Lazard Asset Management's 13F filing for Q3 2015, filed 13 Nov 2015.