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Lazard Asset Management Portfolio holdings
AUM
$66.1B
1-Year Est. Return
33.53%
This Fund
S&P 500
This Quarter
Est. Return
+13.76%
1 Year Est. Return
+33.53%
3 Year Est. Return
+82.44%
5 Year Est. Return
+99.11%
10 Year Est. Return
+367%
AUM
$61.1B
AUM Growth
+$6.8B
(+13%)
Cap. Flow
-$1.88B
Cap. Flow
% of AUM
-3.07%
Top 10 Holdings %
Top 10 Hldgs %
23.3%
Holding
1,241
New
198
Increased
365
Reduced
338
Closed
99
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intercontinental Exchange
ICE
|
+$348M |
| 2 |
Elanco Animal Health
ELAN
|
+$327M |
| 3 |
Norfolk Southern
NSC
|
+$273M |
| 4 |
FISV
Fiserv Inc
FISV
|
+$258M |
| 5 |
Medtronic
MDT
|
+$176M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PG&E
PCG
|
+$490M |
| 2 |
CHL
China Mobile Limited
CHL
|
+$445M |
| 3 |
Edison International
EIX
|
+$392M |
| 4 |
STI
SunTrust Banks, Inc.
STI
|
+$384M |
| 5 |
RTX Corp
RTX
|
+$366M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.58% |
| 2 | Healthcare | 15.12% |
| 3 | Financials | 13.46% |
| 4 | Communication Services | 12.68% |
| 5 | Industrials | 12.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Medtronic
MDT
$120B
| $2.53B | 4.15% |
27,824,851
+1,966,733
| +8% | +$176M |
|
2
Aon
AON
$68.5B
| $1.59B | 2.6% |
9,299,869
+85,979
| +0.9% | +$13.9M |
|
3
Alphabet (Google) Class A
GOOGL
$4.14T
| $1.58B | 2.59% |
26,861,960
+665,300
| +3% | +$37.6M |
|
4
Cisco
CSCO
$431B
| $1.51B | 2.48% |
28,027,775
-1,337,593
| -5% | -$65M |
|
5
Coca-Cola
KO
$379B
| $1.39B | 2.28% |
29,766,196
-5,501,609
| -16% | -$257M |
|
|
6
Norfolk Southern
NSC
$74B
| $1.37B | 2.24% |
7,333,967
+1,578,307
| +27% | +$273M |
|
7
Microsoft
MSFT
$3.71T
| $1.13B | 1.85% |
9,573,145
+3,321
| +0% | +$362K |
|
8
Accenture
ACN
$114B
| $1.1B | 1.81% |
6,270,138
+176,735
| +3% | +$27.8M |
|
9
Analog Devices
ADI
$176B
| $1.06B | 1.73% |
10,031,212
-2,510,161
| -20% | -$252M |
|
|
10
Intercontinental Exchange
ICE
$90.5B
| $975M | 1.59% |
12,800,466
+4,641,270
| +57% | +$348M |
|
11
NetEase
NTES
$76.4B
| $970M | 1.59% |
20,083,045
+571,960
| +3% | +$27.2M |
|
12
Johnson & Johnson
JNJ
$663B
| $929M | 1.52% |
6,645,806
+310,442
| +5% | +$41.6M |
|
13
Honeywell
HON
$66.4B
| $906M | 1.48% |
6,051,979
+495,860
| +9% | +$69.3M |
|
|
CHL
14
DELISTED
China Mobile Limited
CHL
| $839M | 1.37% |
16,453,956
-8,521,623
| -34% | -$445M |
|
15
Lowe's Companies
LOW
$115B
| $775M | 1.27% |
7,083,288
+52,194
| +0.7% | +$5.21M |
|
16
Procter & Gamble
PG
$340B
| $719M | 1.18% |
6,911,636
+236,519
| +4% | +$23M |
|
17
Apple
AAPL
$4.67T
| $712M | 1.16% |
14,984,812
-3,633,016
| -20% | -$154M |
|
18
TSMC
TSM
$2.22T
| $700M | 1.15% |
17,098,493
+727,687
| +4% | +$27.8M |
|
19
Bank of America
BAC
$438B
| $637M | 1.04% |
23,105,677
+6,183,733
| +37% | +$175M |
|
20
Rockwell Automation
ROK
$48.2B
| $636M | 1.04% |
3,626,458
+28,888
| +0.8% | +$4.91M |
|
21
Telkom Indonesia
TLK
$14.6B
| $625M | 1.02% |
22,763,365
-147,404
| -0.6% | -$4.02M |
|
22
Visa
V
$700B
| $623M | 1.02% |
3,991,833
+33,915
| +0.9% | +$4.89M |
|
23
Thermo Fisher Scientific
TMO
$227B
| $622M | 1.02% |
2,271,404
+73,846
| +3% | +$18.4M |
|
24
America Movil
AMX
$68.9B
| $571M | 0.93% |
40,008,073
-891,761
| -2% | -$13.5M |
|
25
ICICI Bank
IBN
$109B
| $571M | 0.93% |
49,804,934
-4,473,994
| -8% | -$46.5M |
|
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NAMI
Lazard Asset Management's Q1 2019 Portfolio in Review
As of Q1 2019, Lazard Asset Management held 1,241 positions worth $61.1B, up 13% from $54.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Lazard Asset Management withdrew a net $1.88B in Q1 2019, closing 99 positions and reducing 338 holdings. Its most notable exit was PG&E, an estimated $490M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Elanco Animal Health worth $341M.
- Lazard Asset Management's largest Q1 2019 buy was Elanco Animal Health: 10,640,964 shares worth $341M.
- Lazard Asset Management added most to Intercontinental Exchange in Q1 2019, an estimated $348M increase.
- Lazard Asset Management's biggest Q1 2019 reduction was China Mobile Limited, cutting an estimated $445M.
- Lazard Asset Management fully exited PG&E in Q1 2019, selling an estimated $490M.
- Lazard Asset Management's ten largest holdings make up 23% of its $61.1B portfolio in Q1 2019.
- Lazard Asset Management opened 198 new positions and closed 99 in Q1 2019.
- Lazard Asset Management's portfolio value rose 13% quarter-over-quarter to $61.1B.
Based on Lazard Asset Management's 13F filing for Q1 2019, filed 13 May 2019.