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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
+0.73%
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
$49B
AUM Growth
-$1.3B
(-2.6%)
Cap. Flow
-$2.28B
Cap. Flow
% of AUM
-4.65%
Top 10 Holdings %
Top 10 Hldgs %
21.07%
Holding
1,104
New
101
Increased
271
Reduced
351
Closed
115
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coca-Cola
KO
|
+$835M |
| 2 |
Accenture
ACN
|
+$379M |
| 3 |
Pfizer
PFE
|
+$260M |
| 4 |
AT&T
T
|
+$158M |
| 5 |
Humana
HUM
|
+$153M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$445M |
| 2 |
NXP Semiconductors
NXPI
|
+$313M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$285M |
| 4 |
GWR
Genesee & Wyoming Inc.
GWR
|
+$246M |
| 5 |
Aon
AON
|
+$218M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 15.14% |
| 2 | Technology | 13.15% |
| 3 | Industrials | 12.98% |
| 4 | Healthcare | 12.69% |
| 5 | Financials | 10.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alphabet (Google) Class A
GOOGL
$3.89T
| $1.35B | 2.76% |
34,184,880
+1,545,080
| +5% | +$61.8M |
|
2
Cisco
CSCO
$444B
| $1.19B | 2.42% |
39,270,220
+4,087,272
| +12% | +$125M |
|
|
3
Pfizer
PFE
$143B
| $1.12B | 2.28% |
36,273,976
+8,521,347
| +31% | +$260M |
|
4
Zoetis
ZTS
$31.3B
| $1.07B | 2.19% |
20,056,445
+512,990
| +3% | +$26.1M |
|
|
5
Aon
AON
$76B
| $1.04B | 2.13% |
9,362,183
-1,959,750
| -17% | -$218M |
|
6
Baidu
BIDU
$36.5B
| $975M | 1.99% |
5,929,027
-86,846
| -1% | -$14.8M |
|
7
NetEase
NTES
$76.9B
| $931M | 1.9% |
21,627,425
-565,570
| -3% | -$27M |
|
8
Procter & Gamble
PG
$342B
| $903M | 1.84% |
10,743,566
+8,722
| +0.1% | +$743K |
|
9
TSMC
TSM
$2.16T
| $877M | 1.79% |
30,516,353
-3,282,799
| -10% | -$98.8M |
|
10
Telkom Indonesia
TLK
$14.2B
| $866M | 1.77% |
29,688,437
-3,972,665
| -12% | -$120M |
|
|
CHL
11
DELISTED
China Mobile Limited
CHL
| $851M | 1.74% |
16,239,079
-709,705
| -4% | -$39.9M |
|
12
Molson Coors Class B
TAP
$7.51B
| $842M | 1.72% |
8,650,095
+787,942
| +10% | +$80.4M |
|
|
13
Coca-Cola
KO
$349B
| $835M | 1.7% |
20,132,551
+20,071,494
| +32,873% | +$835M |
|
14
eBay
EBAY
$48.5B
| $790M | 1.61% |
26,615,939
+4,153,880
| +18% | +$123M |
|
15
Microsoft
MSFT
$2.83T
| $788M | 1.61% |
12,684,059
-46,759
| -0.4% | -$2.81M |
|
|
WBA
16
DELISTED
Walgreens Boots Alliance
WBA
| $773M | 1.58% |
9,342,494
+860,493
| +10% | +$71.2M |
|
17
CSX Corp
CSX
$97.8B
| $724M | 1.48% |
60,483,636
-11,112,453
| -16% | -$125M |
|
18
Union Pacific
UNP
$181B
| $681M | 1.39% |
6,565,784
-713,645
| -10% | -$70.2M |
|
19
Bank of America
BAC
$430B
| $675M | 1.38% |
30,535,526
+285,011
| +0.9% | +$5.49M |
|
20
Norfolk Southern
NSC
$78.3B
| $645M | 1.32% |
5,970,993
-636,706
| -10% | -$64.3M |
|
21
Apple
AAPL
$4.72T
| $571M | 1.16% |
19,707,368
+1,821,792
| +10% | +$51.7M |
|
|
22
AT&T
T
$157B
| $561M | 1.15% |
17,474,741
+5,338,852
| +44% | +$158M |
|
23
Motorola Solutions
MSI
$67.6B
| $560M | 1.14% |
6,752,316
+767,755
| +13% | +$60.2M |
|
|
MBT
24
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $548M | 1.12% |
60,116,247
-1,762,353
| -3% | -$14.2M |
|
25
America Movil
AMX
$77.9B
| $540M | 1.1% |
42,928,736
+757,168
| +2% | +$9.17M |
|
Similar funds
QCM
Lazard Asset Management's Q4 2016 Portfolio in Review
As of Q4 2016, Lazard Asset Management held 1,104 positions worth $49B, down 2.6% from $50.3B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Lazard Asset Management withdrew a net $2.28B in Q4 2016, closing 115 positions and reducing 351 holdings. Its most notable exit was NextEra Energy, an estimated $65.2M 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 Industrials.
Against the trend, Lazard Asset Management opened a new position in Suncor Energy worth $69.7M.
- Lazard Asset Management's largest Q4 2016 buy was Suncor Energy: 2,131,087 shares worth $69.7M.
- Lazard Asset Management added most to Coca-Cola in Q4 2016, an estimated $835M increase.
- Lazard Asset Management's biggest Q4 2016 reduction was Allergan plc, cutting an estimated $445M.
- Lazard Asset Management fully exited NextEra Energy in Q4 2016, selling an estimated $65.2M.
- Lazard Asset Management's ten largest holdings make up 21% of its $49B portfolio in Q4 2016.
- Lazard Asset Management opened 101 new positions and closed 115 in Q4 2016.
- Lazard Asset Management's portfolio value fell 2.6% quarter-over-quarter to $49B.
Based on Lazard Asset Management's 13F filing for Q4 2016, filed 13 Feb 2017.