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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
+19.82%
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
$65.1B
AUM Growth
+$10.5B
(+19%)
Cap. Flow
-$2.67B
Cap. Flow
% of AUM
-4.11%
Top 10 Holdings %
Top 10 Hldgs %
24.98%
Holding
1,852
New
285
Increased
466
Reduced
633
Closed
242
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MRSH
Marsh
MRSH
|
+$327M |
| 2 |
CSX Corp
CSX
|
+$258M |
| 3 |
Dollar Tree
DLTR
|
+$242M |
| 4 |
Southwest Gas
SWX
|
+$181M |
| 5 |
Microsoft
MSFT
|
+$175M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$507M |
| 2 |
Aon
AON
|
+$404M |
| 3 |
NetEase
NTES
|
+$320M |
| 4 |
CHL
China Mobile Limited
CHL
|
+$244M |
| 5 |
KSU
Kansas City Southern
KSU
|
+$233M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.57% |
| 2 | Healthcare | 14.85% |
| 3 | Financials | 11.9% |
| 4 | Industrials | 10.08% |
| 5 | Communication Services | 9.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$2.83T
| $2.54B | 3.9% |
12,478,258
+964,982
| +8% | +$175M |
|
2
Medtronic
MDT
$105B
| $2.24B | 3.44% |
24,414,951
-1,280,656
| -5% | -$123M |
|
3
Alphabet (Google) Class A
GOOGL
$3.89T
| $2.14B | 3.29% |
30,219,600
-716,440
| -2% | -$48.3M |
|
4
Apple
AAPL
$4.72T
| $1.79B | 2.76% |
19,678,740
+1,287,756
| +7% | +$99.8M |
|
5
Intercontinental Exchange
ICE
$81B
| $1.42B | 2.18% |
15,475,628
-35,066
| -0.2% | -$3.21M |
|
6
Johnson & Johnson
JNJ
$624B
| $1.4B | 2.15% |
9,941,564
+1,050,913
| +12% | +$153M |
|
|
7
Norfolk Southern
NSC
$78.3B
| $1.32B | 2.03% |
7,529,427
-2,989,886
| -28% | -$507M |
|
|
8
CSX Corp
CSX
$97.8B
| $1.14B | 1.76% |
49,143,069
+11,643,171
| +31% | +$258M |
|
9
Analog Devices
ADI
$185B
| $1.14B | 1.75% |
9,296,463
-333,731
| -3% | -$36.7M |
|
|
10
Aon
AON
$76B
| $1.12B | 1.72% |
5,809,566
-2,169,768
| -27% | -$404M |
|
11
McDonald's
MCD
$187B
| $1.1B | 1.69% |
5,950,457
-35,862
| -0.6% | -$6.58M |
|
12
Lowe's Companies
LOW
$113B
| $1.07B | 1.64% |
7,909,526
-1,283,232
| -14% | -$147M |
|
13
Procter & Gamble
PG
$342B
| $1B | 1.54% |
8,403,168
+352,443
| +4% | +$41.1M |
|
14
Visa
V
$669B
| $941M | 1.45% |
4,869,130
-369,933
| -7% | -$67.6M |
|
15
Accenture
ACN
$84.9B
| $901M | 1.38% |
4,194,163
+215,709
| +5% | +$40.8M |
|
16
Honeywell
HON
$78B
| $886M | 1.36% |
6,501,013
+192,578
| +3% | +$25.5M |
|
17
Alibaba
BABA
$273B
| $804M | 1.24% |
3,729,472
+290,900
| +8% | +$60.6M |
|
18
Thermo Fisher Scientific
TMO
$213B
| $755M | 1.16% |
2,084,014
+300,277
| +17% | +$101M |
|
19
Coca-Cola
KO
$349B
| $715M | 1.1% |
16,012,389
-2,066,021
| -11% | -$95.2M |
|
20
Bank of America
BAC
$430B
| $710M | 1.09% |
29,897,704
-4,968,871
| -14% | -$117M |
|
21
Cisco
CSCO
$444B
| $608M | 0.93% |
13,040,915
-453,093
| -3% | -$19.9M |
|
22
Pfizer
PFE
$143B
| $547M | 0.84% |
17,621,985
+2,360,511
| +15% | +$80.2M |
|
23
Danaher
DHR
$135B
| $543M | 0.83% |
3,463,265
+152,586
| +5% | +$21.9M |
|
24
TSMC
TSM
$2.16T
| $541M | 0.83% |
9,524,527
-70,831
| -0.7% | -$3.73M |
|
25
Prologis
PLD
$135B
| $538M | 0.83% |
5,759,751
+179,323
| +3% | +$16M |
|
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QCM
Lazard Asset Management's Q2 2020 Portfolio in Review
As of Q2 2020, Lazard Asset Management held 1,852 positions worth $65.1B, up 19% from $54.6B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Lazard Asset Management withdrew a net $2.67B in Q2 2020, closing 242 positions and reducing 633 holdings. Its most notable exit was Raytheon Company, an estimated $201M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Dollar Tree worth $268M.
- Lazard Asset Management's largest Q2 2020 buy was Dollar Tree: 2,895,458 shares worth $268M.
- Lazard Asset Management added most to Marsh in Q2 2020, an estimated $327M increase.
- Lazard Asset Management's biggest Q2 2020 reduction was Norfolk Southern, cutting an estimated $507M.
- Lazard Asset Management fully exited Raytheon Company in Q2 2020, selling an estimated $201M.
- Lazard Asset Management's ten largest holdings make up 25% of its $65.1B portfolio in Q2 2020.
- Lazard Asset Management opened 285 new positions and closed 242 in Q2 2020.
- Lazard Asset Management's portfolio value rose 19% quarter-over-quarter to $65.1B.
Based on Lazard Asset Management's 13F filing for Q2 2020, filed 13 Aug 2020.