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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
+7.94%
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
$43.7B
AUM Growth
+$1.88B
(+4.5%)
Cap. Flow
-$1.61B
Cap. Flow
% of AUM
-3.69%
Top 10 Holdings %
Top 10 Hldgs %
21.79%
Holding
1,199
New
110
Increased
372
Reduced
359
Closed
98
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$898M |
| 2 |
Procter & Gamble
PG
|
+$323M |
| 3 |
Union Pacific
UNP
|
+$310M |
| 4 |
Fidelity National Information Services
FIS
|
+$292M |
| 5 |
Wells Fargo
WFC
|
+$221M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$873M |
| 2 |
EMC
EMC CORPORATION
EMC
|
+$700M |
| 3 |
Madison Square Garden
MSGS
|
+$377M |
| 4 |
IBM
IBM
|
+$346M |
| 5 |
Voya Financial
VOYA
|
+$241M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 16.22% |
| 2 | Healthcare | 14.31% |
| 3 | Financials | 12.86% |
| 4 | Technology | 12.6% |
| 5 | Industrials | 10.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Baidu
BIDU
$36.5B
| $1.26B | 2.89% |
6,687,340
-313,421
| -4% | -$57.8M |
|
2
NetEase
NTES
$76.9B
| $996M | 2.28% |
27,466,050
-1,442,020
| -5% | -$44.9M |
|
3
Apple
AAPL
$4.72T
| $963M | 2.2% |
36,595,196
+6,358,800
| +21% | +$182M |
|
|
4
Alphabet (Google) Class A
GOOGL
$3.89T
| $944M | 2.16% |
+24,267,340
| New | +$898M |
|
5
Aon
AON
$76B
| $922M | 2.11% |
10,001,098
+961,467
| +11% | +$89.6M |
|
6
Zoetis
ZTS
$31.3B
| $916M | 2.1% |
19,120,353
-564,113
| -3% | -$25.5M |
|
7
Teva Pharmaceuticals
TEVA
$36.3B
| $904M | 2.07% |
13,777,651
+930,085
| +7% | +$57.5M |
|
8
Telkom Indonesia
TLK
$14.2B
| $901M | 2.06% |
40,579,804
-2,272,180
| -5% | -$46.7M |
|
|
CHL
9
DELISTED
China Mobile Limited
CHL
| $878M | 2.01% |
15,589,923
-833,124
| -5% | -$49.1M |
|
10
TSMC
TSM
$2.16T
| $836M | 1.91% |
36,744,614
-2,217,180
| -6% | -$49.9M |
|
11
Pfizer
PFE
$143B
| $755M | 1.73% |
24,666,078
+125,359
| +0.5% | +$3.94M |
|
|
K
12
DELISTED
Kellanova
K
| $738M | 1.69% |
10,873,781
+2,211,196
| +26% | +$144M |
|
|
13
Procter & Gamble
PG
$342B
| $732M | 1.68% |
9,222,931
+4,226,426
| +85% | +$323M |
|
14
Honeywell
HON
$78B
| $699M | 1.6% |
7,510,710
+918,390
| +14% | +$84.2M |
|
15
Cisco
CSCO
$444B
| $644M | 1.47% |
23,732,035
-4,707,181
| -17% | -$130M |
|
16
CSX Corp
CSX
$97.8B
| $638M | 1.46% |
73,782,552
+23,074,785
| +46% | +$209M |
|
17
Advance Auto Parts
AAP
$3.22B
| $562M | 1.29% |
3,734,956
-995,454
| -21% | -$173M |
|
|
18
Union Pacific
UNP
$181B
| $540M | 1.24% |
6,911,457
+3,618,097
| +110% | +$310M |
|
19
Bank of America
BAC
$430B
| $484M | 1.11% |
28,749,948
+7,263,263
| +34% | +$123M |
|
20
Visa
V
$669B
| $474M | 1.09% |
6,115,622
-231,641
| -4% | -$17.9M |
|
|
21
Alphabet (Google) Class C
GOOG
$3.89T
| $445M | 1.02% |
11,726,140
-24,344,640
| -67% | -$873M |
|
22
Ambev
ABEV
$47.7B
| $428M | 0.98% |
95,873,870
-5,256,695
| -5% | -$25.7M |
|
23
PLDT
PHI
$4.17B
| $422M | 0.97% |
9,872,634
-323,140
| -3% | -$14.6M |
|
24
Rockwell Automation
ROK
$51.3B
| $416M | 0.95% |
4,055,255
+566,423
| +16% | +$59.4M |
|
25
Microsoft
MSFT
$2.83T
| $415M | 0.95% |
7,471,976
+1,900,010
| +34% | +$100M |
|
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QCM
Lazard Asset Management's Q4 2015 Portfolio in Review
As of Q4 2015, Lazard Asset Management held 1,199 positions worth $43.7B, up 4.5% from $41.8B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Lazard Asset Management withdrew a net $1.61B in Q4 2015, closing 98 positions and reducing 359 holdings. Its most notable exit was Twenty-First Century Fox, Inc. Class B, an estimated $78.3M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 16% of assets, up from 15% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Alphabet (Google) Class A worth $944M.
- Lazard Asset Management's largest Q4 2015 buy was Alphabet (Google) Class A: 24,267,340 shares worth $944M.
- Lazard Asset Management added most to Procter & Gamble in Q4 2015, an estimated $323M increase.
- Lazard Asset Management's biggest Q4 2015 reduction was Alphabet (Google) Class C, cutting an estimated $873M.
- Lazard Asset Management fully exited Twenty-First Century Fox, Inc. Class B in Q4 2015, selling an estimated $78.3M.
- Lazard Asset Management's ten largest holdings make up 22% of its $43.7B portfolio in Q4 2015.
- Lazard Asset Management opened 110 new positions and closed 98 in Q4 2015.
- Lazard Asset Management's portfolio value rose 4.5% quarter-over-quarter to $43.7B.
Based on Lazard Asset Management's 13F filing for Q4 2015, filed 12 Feb 2016.