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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
+0.9%
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
$57.6B
AUM Growth
-$1.04B
(-1.8%)
Cap. Flow
-$1.85B
Cap. Flow
% of AUM
-3.21%
Top 10 Holdings %
Top 10 Hldgs %
22.21%
Holding
1,171
New
138
Increased
307
Reduced
341
Closed
146
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Analog Devices
ADI
|
+$493M |
| 2 |
Vulcan Materials
VMC
|
+$382M |
| 3 |
PG&E
PCG
|
+$309M |
| 4 |
Bank of America
BAC
|
+$302M |
| 5 |
Wells Fargo
WFC
|
+$225M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$681M |
| 2 |
Citigroup
C
|
+$519M |
| 3 |
Intel
INTC
|
+$350M |
| 4 |
Baidu
BIDU
|
+$239M |
| 5 |
Motorola Solutions
MSI
|
+$206M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.02% |
| 2 | Healthcare | 12.22% |
| 3 | Financials | 11.71% |
| 4 | Industrials | 11.26% |
| 5 | Communication Services | 11.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Medtronic
MDT
$105B
| $2.4B | 4.17% |
28,046,056
+124,570
| +0.4% | +$10.4M |
|
2
Coca-Cola
KO
$349B
| $1.63B | 2.83% |
37,183,506
-1,603,582
| -4% | -$69.3M |
|
3
Alphabet (Google) Class A
GOOGL
$3.89T
| $1.34B | 2.34% |
23,803,340
+93,800
| +0.4% | +$5.1M |
|
4
Cisco
CSCO
$444B
| $1.3B | 2.26% |
30,259,885
-1,615,758
| -5% | -$70.6M |
|
5
Aon
AON
$76B
| $1.19B | 2.06% |
8,642,124
+219,713
| +3% | +$31M |
|
|
CHL
6
DELISTED
China Mobile Limited
CHL
| $1.16B | 2.01% |
26,034,278
+3,186,290
| +14% | +$147M |
|
|
7
Analog Devices
ADI
$185B
| $1B | 1.74% |
10,456,434
+5,220,687
| +100% | +$493M |
|
|
8
PG&E
PCG
$47B
| $994M | 1.73% |
23,360,500
+7,120,531
| +44% | +$309M |
|
9
Accenture
ACN
$84.9B
| $887M | 1.54% |
5,419,318
-148,784
| -3% | -$23.1M |
|
10
NetEase
NTES
$76.9B
| $882M | 1.53% |
17,448,455
+3,072,270
| +21% | +$157M |
|
11
Apple
AAPL
$4.72T
| $857M | 1.49% |
18,514,280
-464,532
| -2% | -$21.1M |
|
12
Lowe's Companies
LOW
$113B
| $834M | 1.45% |
8,725,903
-1,354,613
| -13% | -$123M |
|
|
13
Baidu
BIDU
$36.5B
| $824M | 1.43% |
3,392,982
-960,441
| -22% | -$239M |
|
14
Microsoft
MSFT
$2.83T
| $809M | 1.41% |
8,204,496
-513,856
| -6% | -$49.8M |
|
15
TSMC
TSM
$2.16T
| $801M | 1.39% |
21,917,368
-1,077,304
| -5% | -$42.6M |
|
16
Edison International
EIX
$30.6B
| $799M | 1.39% |
12,625,104
+1,804,168
| +17% | +$113M |
|
17
America Movil
AMX
$77.9B
| $723M | 1.26% |
43,372,606
-1,978,492
| -4% | -$34.2M |
|
18
eBay
EBAY
$48.5B
| $683M | 1.19% |
18,849,566
+761,770
| +4% | +$29.6M |
|
19
Molson Coors Class B
TAP
$7.51B
| $636M | 1.1% |
9,345,609
-2,336,824
| -20% | -$156M |
|
|
20
Motorola Solutions
MSI
$67.6B
| $629M | 1.09% |
5,403,102
-1,872,508
| -26% | -$206M |
|
21
Telkom Indonesia
TLK
$14.2B
| $614M | 1.07% |
23,592,929
-1,649,620
| -7% | -$43.2M |
|
22
Honeywell
HON
$78B
| $584M | 1.01% |
4,484,880
-131,798
| -3% | -$17.5M |
|
23
DXC Technology
DXC
$1.5B
| $577M | 1% |
7,161,186
-783,817
| -10% | -$67.4M |
|
24
Rockwell Automation
ROK
$51.3B
| $556M | 0.97% |
3,347,201
+173,172
| +5% | +$30.1M |
|
25
Eaton
ETN
$161B
| $547M | 0.95% |
7,324,283
+334,402
| +5% | +$25.9M |
|
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QCM
Lazard Asset Management's Q2 2018 Portfolio in Review
As of Q2 2018, Lazard Asset Management held 1,171 positions worth $57.6B, down 1.8% from $58.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Lazard Asset Management withdrew a net $1.85B in Q2 2018, closing 146 positions and reducing 341 holdings. Its most notable exit was United Parcel Service, an estimated $121M position sold in full.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Trimble worth $70.8M.
- Lazard Asset Management's largest Q2 2018 buy was Trimble: 2,156,900 shares worth $70.8M.
- Lazard Asset Management added most to Analog Devices in Q2 2018, an estimated $493M increase.
- Lazard Asset Management's biggest Q2 2018 reduction was AT&T, cutting an estimated $681M.
- Lazard Asset Management fully exited United Parcel Service in Q2 2018, selling an estimated $121M.
- Lazard Asset Management's ten largest holdings make up 22% of its $57.6B portfolio in Q2 2018.
- Lazard Asset Management opened 138 new positions and closed 146 in Q2 2018.
- Lazard Asset Management's portfolio value fell 1.8% quarter-over-quarter to $57.6B.
Based on Lazard Asset Management's 13F filing for Q2 2018, filed 13 Aug 2018.