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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
+4.74%
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
$61.7B
AUM Growth
+$546M
(+0.89%)
Cap. Flow
-$4.01B
Cap. Flow
% of AUM
-6.5%
Top 10 Holdings %
Top 10 Hldgs %
23.47%
Holding
1,295
New
145
Increased
379
Reduced
411
Closed
104
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$218M |
| 2 |
Bank of America
BAC
|
+$205M |
| 3 |
Dollar General
DG
|
+$198M |
| 4 |
Union Pacific
UNP
|
+$197M |
| 5 |
Elevance Health
ELV
|
+$185M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$505M |
| 2 |
Rockwell Automation
ROK
|
+$373M |
| 3 |
CHL
China Mobile Limited
CHL
|
+$294M |
| 4 |
eBay
EBAY
|
+$222M |
| 5 |
TSMC
TSM
|
+$220M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.38% |
| 2 | Healthcare | 15.97% |
| 3 | Financials | 13.78% |
| 4 | Industrials | 11.75% |
| 5 | Communication Services | 10.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Medtronic
MDT
$105B
| $2.73B | 4.43% |
28,066,289
+241,438
| +0.9% | +$22M |
|
2
Aon
AON
$76B
| $1.76B | 2.85% |
9,120,419
-179,450
| -2% | -$32.5M |
|
3
Coca-Cola
KO
$349B
| $1.42B | 2.31% |
27,974,471
-1,791,725
| -6% | -$87.8M |
|
4
Cisco
CSCO
$444B
| $1.41B | 2.28% |
25,680,681
-2,347,094
| -8% | -$130M |
|
5
Alphabet (Google) Class A
GOOGL
$3.89T
| $1.38B | 2.24% |
25,551,000
-1,310,960
| -5% | -$75.9M |
|
6
Norfolk Southern
NSC
$78.3B
| $1.34B | 2.17% |
6,718,842
-615,125
| -8% | -$122M |
|
7
Microsoft
MSFT
$2.83T
| $1.26B | 2.04% |
9,387,308
-185,837
| -2% | -$23.6M |
|
8
Accenture
ACN
$84.9B
| $1.1B | 1.78% |
5,933,910
-336,228
| -5% | -$60.4M |
|
9
Intercontinental Exchange
ICE
$81B
| $1.05B | 1.7% |
12,211,738
-588,728
| -5% | -$48.1M |
|
10
Analog Devices
ADI
$185B
| $1.02B | 1.66% |
9,077,512
-953,700
| -10% | -$103M |
|
11
Johnson & Johnson
JNJ
$624B
| $967M | 1.57% |
6,941,879
+296,073
| +4% | +$41M |
|
12
NetEase
NTES
$76.9B
| $954M | 1.55% |
18,655,970
-1,427,075
| -7% | -$75.8M |
|
13
Honeywell
HON
$78B
| $938M | 1.52% |
5,697,924
-354,055
| -6% | -$56.3M |
|
|
14
Bank of America
BAC
$430B
| $876M | 1.42% |
30,201,854
+7,096,177
| +31% | +$205M |
|
15
Chevron
CVX
$387B
| $709M | 1.15% |
5,700,765
+1,310,726
| +30% | +$158M |
|
16
Apple
AAPL
$4.72T
| $707M | 1.15% |
14,282,708
-702,104
| -5% | -$34.2M |
|
17
Procter & Gamble
PG
$342B
| $683M | 1.11% |
6,232,181
-679,455
| -10% | -$72.4M |
|
18
Visa
V
$669B
| $661M | 1.07% |
3,807,480
-184,353
| -5% | -$30.2M |
|
19
McDonald's
MCD
$187B
| $655M | 1.06% |
3,153,133
+192,327
| +6% | +$38.1M |
|
20
Lowe's Companies
LOW
$113B
| $619M | 1% |
6,133,053
-950,235
| -13% | -$100M |
|
21
Telkom Indonesia
TLK
$14.2B
| $615M | 1% |
21,049,542
-1,713,823
| -8% | -$46.4M |
|
22
ICICI Bank
IBN
$105B
| $583M | 0.95% |
46,315,359
-3,489,575
| -7% | -$40.4M |
|
23
Baxter International
BAX
$11.2B
| $574M | 0.93% |
7,011,056
+1,788,422
| +34% | +$139M |
|
24
Thermo Fisher Scientific
TMO
$213B
| $565M | 0.92% |
1,923,698
-347,706
| -15% | -$95.8M |
|
25
Vulcan Materials
VMC
$35.7B
| $564M | 0.91% |
4,108,617
-278,407
| -6% | -$35.5M |
|
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QCM
Lazard Asset Management's Q2 2019 Portfolio in Review
As of Q2 2019, Lazard Asset Management held 1,295 positions worth $61.7B, up 0.89% from $61.1B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Lazard Asset Management withdrew a net $4.01B in Q2 2019, closing 104 positions and reducing 411 holdings. Its most notable exit was Utah Medical Products, an estimated $13.7M 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 Sabre worth $132M.
- Lazard Asset Management's largest Q2 2019 buy was Sabre: 5,927,264 shares worth $132M.
- Lazard Asset Management added most to Walt Disney in Q2 2019, an estimated $218M increase.
- Lazard Asset Management's biggest Q2 2019 reduction was Wells Fargo, cutting an estimated $505M.
- Lazard Asset Management fully exited Utah Medical Products in Q2 2019, selling an estimated $13.7M.
- Lazard Asset Management's ten largest holdings make up 23% of its $61.7B portfolio in Q2 2019.
- Lazard Asset Management opened 145 new positions and closed 104 in Q2 2019.
- Lazard Asset Management's portfolio value rose 0.89% quarter-over-quarter to $61.7B.
Based on Lazard Asset Management's 13F filing for Q2 2019, filed 14 Aug 2019.