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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
+9.28%
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
$71.1B
AUM Growth
+$6.09B
(+9.4%)
Cap. Flow
-$4.22B
Cap. Flow
% of AUM
-5.93%
Top 10 Holdings %
Top 10 Hldgs %
23.52%
Holding
1,818
New
187
Increased
438
Reduced
581
Closed
216
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Consolidated Edison
ED
|
+$478M |
| 2 |
Dollar Tree
DLTR
|
+$318M |
| 3 |
Waste Management
WM
|
+$223M |
| 4 |
American Express
AXP
|
+$223M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$202M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$554M |
| 2 |
Apple
AAPL
|
+$510M |
| 3 |
Union Pacific
UNP
|
+$421M |
| 4 |
Lowe's Companies
LOW
|
+$368M |
| 5 |
CSX Corp
CSX
|
+$284M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.24% |
| 2 | Healthcare | 15.36% |
| 3 | Financials | 11.94% |
| 4 | Consumer Discretionary | 9.91% |
| 5 | Industrials | 9.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.86T
| $2.54B | 3.57% |
12,092,114
-386,144
| -3% | -$81.1M |
|
2
Medtronic
MDT
$107B
| $2.52B | 3.55% |
24,294,565
-120,386
| -0.5% | -$12.1M |
|
3
Alphabet (Google) Class A
GOOGL
$3.93T
| $2.12B | 2.97% |
28,866,280
-1,353,320
| -4% | -$103M |
|
|
4
Apple
AAPL
$4.88T
| $1.74B | 2.44% |
15,005,276
-4,673,464
| -24% | -$510M |
|
5
Johnson & Johnson
JNJ
$633B
| $1.51B | 2.12% |
10,139,032
+197,468
| +2% | +$29.2M |
|
6
Intercontinental Exchange
ICE
$81.3B
| $1.5B | 2.11% |
14,999,649
-475,979
| -3% | -$46.9M |
|
7
McDonald's
MCD
$189B
| $1.29B | 1.82% |
5,891,044
-59,413
| -1% | -$12.2M |
|
8
Alibaba
BABA
$271B
| $1.24B | 1.74% |
4,210,190
+480,718
| +13% | +$127M |
|
9
Aon
AON
$76.9B
| $1.13B | 1.59% |
5,497,704
-311,862
| -5% | -$62.3M |
|
10
Analog Devices
ADI
$181B
| $1.13B | 1.59% |
9,710,464
+414,001
| +4% | +$48.5M |
|
11
Procter & Gamble
PG
$344B
| $1.07B | 1.51% |
7,703,882
-699,286
| -8% | -$92.8M |
|
|
12
Norfolk Southern
NSC
$79.3B
| $1.02B | 1.44% |
4,773,114
-2,756,313
| -37% | -$554M |
|
13
Honeywell
HON
$76.9B
| $1.01B | 1.42% |
6,517,556
+16,543
| +0.3% | +$2.46M |
|
14
Visa
V
$676B
| $979M | 1.38% |
4,896,194
+27,064
| +0.6% | +$5.41M |
|
|
15
CSX Corp
CSX
$98.5B
| $974M | 1.37% |
37,639,731
-11,503,338
| -23% | -$284M |
|
16
Accenture
ACN
$89.5B
| $943M | 1.33% |
4,171,208
-22,955
| -0.5% | -$5.26M |
|
|
17
Lowe's Companies
LOW
$116B
| $916M | 1.29% |
5,520,260
-2,389,266
| -30% | -$368M |
|
18
Thermo Fisher Scientific
TMO
$207B
| $866M | 1.22% |
1,960,677
-123,337
| -6% | -$51M |
|
19
Bank of America
BAC
$437B
| $766M | 1.08% |
31,792,323
+1,894,619
| +6% | +$47.2M |
|
20
Coca-Cola
KO
$353B
| $713M | 1% |
14,449,978
-1,562,411
| -10% | -$75.1M |
|
21
TSMC
TSM
$2.11T
| $686M | 0.96% |
8,458,920
-1,065,607
| -11% | -$81M |
|
22
Pfizer
PFE
$140B
| $637M | 0.9% |
18,291,071
+669,086
| +4% | +$23.5M |
|
23
Infosys
INFY
$44.8B
| $617M | 0.87% |
44,659,066
-1,695,544
| -4% | -$21.2M |
|
24
Starbucks
SBUX
$119B
| $613M | 0.86% |
7,140,025
+1,159,498
| +19% | +$92.5M |
|
25
Danaher
DHR
$135B
| $597M | 0.84% |
3,124,928
-338,337
| -10% | -$60.2M |
|
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QCM
Lazard Asset Management's Q3 2020 Portfolio in Review
As of Q3 2020, Lazard Asset Management held 1,818 positions worth $71.1B, up 9.4% from $65.1B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $4.22B in Q3 2020, closing 216 positions and reducing 581 holdings. Its most notable exit was 58.com Inc, an estimated $71.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 23% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Kingsoft Cloud Holdings worth $57.6M.
- Lazard Asset Management's largest Q3 2020 buy was Kingsoft Cloud Holdings: 1,949,052 shares worth $57.6M.
- Lazard Asset Management added most to Consolidated Edison in Q3 2020, an estimated $478M increase.
- Lazard Asset Management's biggest Q3 2020 reduction was Norfolk Southern, cutting an estimated $554M.
- Lazard Asset Management fully exited 58.com Inc in Q3 2020, selling an estimated $71.7M.
- Lazard Asset Management's ten largest holdings make up 24% of its $71.1B portfolio in Q3 2020.
- Lazard Asset Management opened 187 new positions and closed 216 in Q3 2020.
- Lazard Asset Management's portfolio value rose 9.4% quarter-over-quarter to $71.1B.
Based on Lazard Asset Management's 13F filing for Q3 2020, filed 13 Nov 2020.