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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
+1.53%
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
$60.9B
AUM Growth
-$821M
(-1.3%)
Cap. Flow
-$3.18B
Cap. Flow
% of AUM
-5.23%
Top 10 Holdings %
Top 10 Hldgs %
24.34%
Holding
1,619
New
432
Increased
351
Reduced
430
Closed
152
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CSX Corp
CSX
|
+$487M |
| 2 |
Kimberly-Clark
KMB
|
+$223M |
| 3 |
Norfolk Southern
NSC
|
+$217M |
| 4 |
Boeing
BA
|
+$167M |
| 5 |
Caterpillar
CAT
|
+$157M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YPF
YPF
|
+$362M |
| 2 |
ICICI Bank
IBN
|
+$270M |
| 3 |
Chevron
CVX
|
+$239M |
| 4 |
AABA
Altaba Inc
AABA
|
+$238M |
| 5 |
Citizens Financial Group
CFG
|
+$187M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.88% |
| 2 | Healthcare | 15.67% |
| 3 | Financials | 13.22% |
| 4 | Industrials | 13.12% |
| 5 | Communication Services | 10.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Medtronic
MDT
$105B
| $3.06B | 5.03% |
28,161,563
+95,274
| +0.3% | +$9.94M |
|
2
Aon
AON
$76B
| $1.67B | 2.74% |
8,617,944
-502,475
| -6% | -$97M |
|
3
Coca-Cola
KO
$349B
| $1.54B | 2.53% |
28,241,477
+267,006
| +1% | +$14.3M |
|
4
Alphabet (Google) Class A
GOOGL
$3.89T
| $1.48B | 2.43% |
24,197,500
-1,353,500
| -5% | -$80.2M |
|
|
5
Norfolk Southern
NSC
$78.3B
| $1.42B | 2.33% |
7,899,088
+1,180,246
| +18% | +$217M |
|
6
Microsoft
MSFT
$2.83T
| $1.28B | 2.11% |
9,240,287
-147,021
| -2% | -$20.2M |
|
7
Cisco
CSCO
$444B
| $1.23B | 2.01% |
24,810,519
-870,162
| -3% | -$45.2M |
|
8
Intercontinental Exchange
ICE
$81B
| $1.13B | 1.85% |
12,216,945
+5,207
| +0% | +$475K |
|
9
Accenture
ACN
$84.9B
| $1.04B | 1.7% |
5,386,661
-547,249
| -9% | -$106M |
|
10
Bank of America
BAC
$430B
| $976M | 1.6% |
33,443,097
+3,241,243
| +11% | +$93.2M |
|
11
NetEase
NTES
$76.9B
| $958M | 1.57% |
17,991,685
-664,285
| -4% | -$33.8M |
|
12
Honeywell
HON
$78B
| $908M | 1.49% |
5,696,137
-1,787
| -0% | -$284K |
|
13
Analog Devices
ADI
$185B
| $882M | 1.45% |
7,895,182
-1,182,330
| -13% | -$134M |
|
14
Apple
AAPL
$4.72T
| $857M | 1.41% |
15,298,652
+1,015,944
| +7% | +$53.1M |
|
15
Lowe's Companies
LOW
$113B
| $799M | 1.31% |
7,264,404
+1,131,351
| +18% | +$119M |
|
16
Johnson & Johnson
JNJ
$624B
| $737M | 1.21% |
5,696,725
-1,245,154
| -18% | -$164M |
|
17
Procter & Gamble
PG
$342B
| $735M | 1.21% |
5,909,444
-322,737
| -5% | -$38.1M |
|
|
18
CSX Corp
CSX
$97.8B
| $637M | 1.05% |
27,569,028
+20,915,874
| +314% | +$487M |
|
19
Vulcan Materials
VMC
$35.7B
| $618M | 1.02% |
4,085,444
-23,173
| -0.6% | -$3.27M |
|
20
Visa
V
$669B
| $615M | 1.01% |
3,577,106
-230,374
| -6% | -$41M |
|
21
McDonald's
MCD
$187B
| $612M | 1.01% |
2,848,874
-304,259
| -10% | -$65.2M |
|
22
Baxter International
BAX
$11.2B
| $604M | 0.99% |
6,910,907
-100,149
| -1% | -$8.55M |
|
23
Telkom Indonesia
TLK
$14.2B
| $604M | 0.99% |
20,065,913
-983,629
| -5% | -$29.7M |
|
24
America Movil
AMX
$77.9B
| $584M | 0.96% |
39,320,097
+2,988,611
| +8% | +$42.9M |
|
25
TSMC
TSM
$2.16T
| $568M | 0.93% |
12,220,502
+476,594
| +4% | +$20.3M |
|
Similar funds
QCM
Lazard Asset Management's Q3 2019 Portfolio in Review
As of Q3 2019, Lazard Asset Management held 1,619 positions worth $60.9B, down 1.3% from $61.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $3.18B in Q3 2019, closing 152 positions and reducing 430 holdings. Its most notable exit was Altaba Inc, an estimated $238M 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 Genmab worth $34.3M.
- Lazard Asset Management's largest Q3 2019 buy was Genmab: 1,694,121 shares worth $34.3M.
- Lazard Asset Management added most to CSX Corp in Q3 2019, an estimated $487M increase.
- Lazard Asset Management's biggest Q3 2019 reduction was YPF, cutting an estimated $362M.
- Lazard Asset Management fully exited Altaba Inc in Q3 2019, selling an estimated $238M.
- Lazard Asset Management's ten largest holdings make up 24% of its $60.9B portfolio in Q3 2019.
- Lazard Asset Management opened 432 new positions and closed 152 in Q3 2019.
- Lazard Asset Management's portfolio value fell 1.3% quarter-over-quarter to $60.9B.
Based on Lazard Asset Management's 13F filing for Q3 2019, filed 14 Nov 2019.