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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
+8.66%
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
$70B
AUM Growth
+$9.17B
(+15%)
Cap. Flow
+$1.72B
Cap. Flow
% of AUM
2.45%
Top 10 Holdings %
Top 10 Hldgs %
24.19%
Holding
1,743
New
270
Increased
557
Reduced
362
Closed
215
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
McDonald's
MCD
|
+$575M |
| 2 |
Johnson & Johnson
JNJ
|
+$414M |
| 3 |
CHL
China Mobile Limited
CHL
|
+$331M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$241M |
| 5 |
Microsoft
MSFT
|
+$241M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NetEase
NTES
|
+$470M |
| 2 |
KSU
Kansas City Southern
KSU
|
+$278M |
| 3 |
Eaton
ETN
|
+$269M |
| 4 |
PLDT
PHI
|
+$195M |
| 5 |
AB InBev
BUD
|
+$143M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.33% |
| 2 | Healthcare | 15.85% |
| 3 | Financials | 13.41% |
| 4 | Industrials | 13.3% |
| 5 | Communication Services | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Medtronic
MDT
$105B
| $3.26B | 4.65% |
28,712,592
+551,029
| +2% | +$60.5M |
|
|
2
Alphabet (Google) Class A
GOOGL
$3.88T
| $1.87B | 2.67% |
27,934,860
+3,737,360
| +15% | +$241M |
|
|
3
Microsoft
MSFT
$2.83T
| $1.72B | 2.45% |
10,879,665
+1,639,378
| +18% | +$241M |
|
4
Norfolk Southern
NSC
$78.3B
| $1.69B | 2.42% |
8,722,946
+823,858
| +10% | +$155M |
|
5
Aon
AON
$76B
| $1.66B | 2.37% |
7,979,798
-638,146
| -7% | -$126M |
|
6
Coca-Cola
KO
$349B
| $1.64B | 2.34% |
29,539,922
+1,298,445
| +5% | +$69.8M |
|
7
Intercontinental Exchange
ICE
$81B
| $1.36B | 1.95% |
14,735,125
+2,518,180
| +21% | +$234M |
|
|
8
Johnson & Johnson
JNJ
$624B
| $1.28B | 1.82% |
8,745,456
+3,048,731
| +54% | +$414M |
|
9
Bank of America
BAC
$430B
| $1.23B | 1.76% |
35,002,106
+1,559,009
| +5% | +$50.4M |
|
10
Apple
AAPL
$4.72T
| $1.23B | 1.75% |
16,713,916
+1,415,264
| +9% | +$91M |
|
11
Cisco
CSCO
$444B
| $1.22B | 1.74% |
25,473,685
+663,166
| +3% | +$30.8M |
|
|
12
McDonald's
MCD
$187B
| $1.14B | 1.62% |
5,747,046
+2,898,172
| +102% | +$575M |
|
13
Honeywell
HON
$78B
| $1.1B | 1.57% |
6,587,705
+891,568
| +16% | +$146M |
|
14
Accenture
ACN
$84.9B
| $1.09B | 1.55% |
5,158,412
-228,249
| -4% | -$44.5M |
|
15
Lowe's Companies
LOW
$113B
| $1.04B | 1.48% |
8,668,114
+1,403,710
| +19% | +$161M |
|
16
Analog Devices
ADI
$185B
| $1.01B | 1.45% |
8,519,548
+624,366
| +8% | +$70.4M |
|
17
Procter & Gamble
PG
$342B
| $962M | 1.37% |
7,705,613
+1,796,169
| +30% | +$220M |
|
18
Visa
V
$669B
| $845M | 1.21% |
4,498,382
+921,276
| +26% | +$166M |
|
19
CSX Corp
CSX
$98.1B
| $827M | 1.18% |
34,272,558
+6,703,530
| +24% | +$159M |
|
|
CHL
20
DELISTED
China Mobile Limited
CHL
| $785M | 1.12% |
18,574,749
+8,213,138
| +79% | +$331M |
|
21
Alibaba
BABA
$273B
| $752M | 1.07% |
3,543,921
+261,747
| +8% | +$49.1M |
|
22
Skyworks Solutions
SWKS
$9.1B
| $671M | 0.96% |
5,553,944
-665,430
| -11% | -$65.4M |
|
23
Ryanair
RYAAY
$29.3B
| $667M | 0.95% |
19,047,503
+1,281,803
| +7% | +$41.1M |
|
24
TSMC
TSM
$2.16T
| $637M | 0.91% |
10,965,581
-1,254,921
| -10% | -$66.6M |
|
25
Vulcan Materials
VMC
$35.7B
| $627M | 0.9% |
4,356,406
+270,962
| +7% | +$38.8M |
|
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QCM
Lazard Asset Management's Q4 2019 Portfolio in Review
As of Q4 2019, Lazard Asset Management held 1,743 positions worth $70B, up 15% from $60.9B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management's Q4 2019 filing shows 270 new, 557 increased, 362 reduced and 215 closed positions. Its largest new stake was West Pharmaceutical: 89,164 shares worth $13.4M. The largest sale was NetEase, an estimated $470M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 19% a quarter earlier, followed by Healthcare and Financials.
- Lazard Asset Management's largest Q4 2019 buy was West Pharmaceutical: 89,164 shares worth $13.4M.
- Lazard Asset Management added most to McDonald's in Q4 2019, an estimated $575M increase.
- Lazard Asset Management's biggest Q4 2019 reduction was NetEase, cutting an estimated $470M.
- Lazard Asset Management fully exited Corelogic, Inc. in Q4 2019, selling an estimated $68.4M.
- Lazard Asset Management's ten largest holdings make up 24% of its $70B portfolio in Q4 2019.
- Lazard Asset Management opened 270 new positions and closed 215 in Q4 2019.
- Lazard Asset Management's portfolio value rose 15% quarter-over-quarter to $70B.
Based on Lazard Asset Management's 13F filing for Q4 2019, filed 13 Feb 2020.