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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
-17.91%
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
$54.6B
AUM Growth
-$15.4B
(-22%)
Cap. Flow
-$3.91B
Cap. Flow
% of AUM
-7.17%
Top 10 Holdings %
Top 10 Hldgs %
26.1%
Holding
1,849
New
301
Increased
591
Reduced
431
Closed
278
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FISV
Fiserv Inc
FISV
|
+$414M |
| 2 |
Starbucks
SBUX
|
+$389M |
| 3 |
Public Storage
PSA
|
+$352M |
| 4 |
Norfolk Southern
NSC
|
+$332M |
| 5 |
Home Depot
HD
|
+$249M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coca-Cola
KO
|
+$619M |
| 2 |
Cisco
CSCO
|
+$526M |
| 3 |
Elanco Animal Health
ELAN
|
+$418M |
| 4 |
Chevron
CVX
|
+$389M |
| 5 |
Medtronic
MDT
|
+$321M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.11% |
| 2 | Healthcare | 15.52% |
| 3 | Financials | 12.45% |
| 4 | Industrials | 11.97% |
| 5 | Communication Services | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Medtronic
MDT
$107B
| $2.32B | 4.25% |
25,695,607
-3,016,985
| -11% | -$321M |
|
2
Microsoft
MSFT
$2.84T
| $1.82B | 3.33% |
11,513,276
+633,611
| +6% | +$104M |
|
3
Alphabet (Google) Class A
GOOGL
$3.91T
| $1.8B | 3.29% |
30,936,040
+3,001,180
| +11% | +$203M |
|
|
4
Norfolk Southern
NSC
$78.8B
| $1.54B | 2.81% |
10,519,313
+1,796,367
| +21% | +$332M |
|
5
Aon
AON
$77.3B
| $1.32B | 2.41% |
7,979,334
-464
| -0% | -$95K |
|
6
Intercontinental Exchange
ICE
$82.4B
| $1.25B | 2.29% |
15,510,694
+775,569
| +5% | +$70.3M |
|
7
Apple
AAPL
$4.89T
| $1.17B | 2.14% |
18,390,984
+1,677,068
| +10% | +$123M |
|
8
Johnson & Johnson
JNJ
$634B
| $1.17B | 2.14% |
8,890,651
+145,195
| +2% | +$20.6M |
|
9
McDonald's
MCD
$188B
| $990M | 1.81% |
5,986,319
+239,273
| +4% | +$47.1M |
|
10
Procter & Gamble
PG
$343B
| $886M | 1.62% |
8,050,725
+345,112
| +4% | +$41.4M |
|
11
Analog Devices
ADI
$181B
| $863M | 1.58% |
9,630,194
+1,110,646
| +13% | +$121M |
|
12
Visa
V
$677B
| $844M | 1.55% |
5,239,063
+740,681
| +16% | +$140M |
|
|
13
Coca-Cola
KO
$354B
| $800M | 1.47% |
18,078,410
-11,461,512
| -39% | -$619M |
|
14
Honeywell
HON
$77B
| $795M | 1.46% |
6,308,435
-279,270
| -4% | -$43.1M |
|
15
Lowe's Companies
LOW
$116B
| $791M | 1.45% |
9,192,758
+524,644
| +6% | +$57.3M |
|
16
Bank of America
BAC
$435B
| $740M | 1.36% |
34,866,575
-135,531
| -0.4% | -$4.06M |
|
17
CSX Corp
CSX
$98.6B
| $716M | 1.31% |
37,499,898
+3,227,340
| +9% | +$75.4M |
|
18
Alibaba
BABA
$269B
| $669M | 1.23% |
3,438,572
-105,349
| -3% | -$22M |
|
|
CHL
19
DELISTED
China Mobile Limited
CHL
| $653M | 1.2% |
17,343,648
-1,231,101
| -7% | -$49.5M |
|
20
Accenture
ACN
$89.9B
| $650M | 1.19% |
3,978,454
-1,179,958
| -23% | -$227M |
|
|
FISV
21
Fiserv Inc
FISV
$27.2B
| $572M | 1.05% |
6,024,284
+3,729,911
| +163% | +$414M |
|
22
Union Pacific
UNP
$182B
| $545M | 1% |
3,863,376
+819,865
| +27% | +$136M |
|
|
23
Cisco
CSCO
$450B
| $530M | 0.97% |
13,494,008
-11,979,677
| -47% | -$526M |
|
24
NetEase
NTES
$76.5B
| $511M | 0.94% |
7,967,415
-2,005,740
| -20% | -$132M |
|
25
Thermo Fisher Scientific
TMO
$211B
| $506M | 0.93% |
1,783,737
-2,941
| -0.2% | -$927K |
|
Similar funds
QCM
Lazard Asset Management's Q1 2020 Portfolio in Review
As of Q1 2020, Lazard Asset Management held 1,849 positions worth $54.6B, down 22% from $70B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Lazard Asset Management withdrew a net $3.91B in Q1 2020, closing 278 positions and reducing 431 holdings. Its most notable exit was Elanco Animal Health, an estimated $418M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Southwest Gas worth $63.7M.
- Lazard Asset Management's largest Q1 2020 buy was Southwest Gas: 915,449 shares worth $63.7M.
- Lazard Asset Management added most to Fiserv Inc in Q1 2020, an estimated $414M increase.
- Lazard Asset Management's biggest Q1 2020 reduction was Coca-Cola, cutting an estimated $619M.
- Lazard Asset Management fully exited Elanco Animal Health in Q1 2020, selling an estimated $418M.
- Lazard Asset Management's ten largest holdings make up 26% of its $54.6B portfolio in Q1 2020.
- Lazard Asset Management opened 301 new positions and closed 278 in Q1 2020.
- Lazard Asset Management's portfolio value fell 22% quarter-over-quarter to $54.6B.
Based on Lazard Asset Management's 13F filing for Q1 2020, filed 14 May 2020.