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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
+14.09%
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
$79.1B
AUM Growth
+$7.99B
(+11%)
Cap. Flow
-$5.86B
Cap. Flow
% of AUM
-7.4%
Top 10 Holdings %
Top 10 Hldgs %
22.63%
Holding
2,061
New
445
Increased
504
Reduced
465
Closed
231
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sysco
SYY
|
+$273M |
| 2 |
Waste Management
WM
|
+$168M |
| 3 |
Lowe's Companies
LOW
|
+$160M |
| 4 |
PNC Financial Services
PNC
|
+$154M |
| 5 |
Unilever
UL
|
+$122M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pfizer
PFE
|
+$548M |
| 2 |
Apple
AAPL
|
+$372M |
| 3 |
CSX Corp
CSX
|
+$369M |
| 4 |
Infosys
INFY
|
+$238M |
| 5 |
Kimberly-Clark
KMB
|
+$235M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.16% |
| 2 | Healthcare | 14.65% |
| 3 | Financials | 13.08% |
| 4 | Industrials | 9.66% |
| 5 | Consumer Discretionary | 9.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Medtronic
MDT
$107B
| $2.82B | 3.56% |
24,036,200
-258,365
| -1% | -$28.4M |
|
2
Microsoft
MSFT
$2.84T
| $2.78B | 3.51% |
12,500,586
+408,472
| +3% | +$87.8M |
|
3
Alphabet (Google) Class A
GOOGL
$3.91T
| $2.46B | 3.11% |
28,091,020
-775,260
| -3% | -$65.2M |
|
4
Intercontinental Exchange
ICE
$82.4B
| $1.71B | 2.16% |
14,851,639
-148,010
| -1% | -$15.4M |
|
5
Johnson & Johnson
JNJ
$634B
| $1.59B | 2% |
10,077,894
-61,138
| -0.6% | -$9.02M |
|
|
6
Apple
AAPL
$4.89T
| $1.58B | 2% |
11,911,391
-3,093,885
| -21% | -$372M |
|
7
Analog Devices
ADI
$181B
| $1.37B | 1.74% |
9,294,314
-416,150
| -4% | -$55.2M |
|
8
Honeywell
HON
$77B
| $1.3B | 1.64% |
6,471,131
-46,425
| -0.7% | -$8.43M |
|
9
Aon
AON
$77.3B
| $1.16B | 1.47% |
5,512,112
+14,408
| +0.3% | +$2.94M |
|
10
McDonald's
MCD
$188B
| $1.14B | 1.44% |
5,307,312
-583,732
| -10% | -$127M |
|
11
Visa
V
$677B
| $1.12B | 1.42% |
5,139,885
+243,691
| +5% | +$49.9M |
|
12
Norfolk Southern
NSC
$78.8B
| $1.11B | 1.4% |
4,651,756
-121,358
| -3% | -$27.6M |
|
13
Accenture
ACN
$89.9B
| $1.1B | 1.39% |
4,224,904
+53,696
| +1% | +$12.9M |
|
|
14
Lowe's Companies
LOW
$116B
| $1.04B | 1.32% |
6,502,725
+982,465
| +18% | +$160M |
|
15
Bank of America
BAC
$435B
| $973M | 1.23% |
32,113,372
+321,049
| +1% | +$8.61M |
|
16
Thermo Fisher Scientific
TMO
$211B
| $922M | 1.17% |
1,980,068
+19,391
| +1% | +$9.09M |
|
17
Alibaba
BABA
$269B
| $908M | 1.15% |
3,899,619
-310,571
| -7% | -$86.2M |
|
18
Procter & Gamble
PG
$343B
| $848M | 1.07% |
6,094,569
-1,609,313
| -21% | -$225M |
|
19
TSMC
TSM
$2.09T
| $839M | 1.06% |
7,698,161
-760,759
| -9% | -$72.2M |
|
20
Coca-Cola
KO
$354B
| $781M | 0.99% |
14,239,491
-210,487
| -1% | -$10.9M |
|
21
Starbucks
SBUX
$118B
| $777M | 0.98% |
7,259,026
+119,001
| +2% | +$11.4M |
|
|
22
CSX Corp
CSX
$98.6B
| $750M | 0.95% |
24,793,620
-12,846,111
| -34% | -$369M |
|
23
Dollar Tree
DLTR
$23.1B
| $742M | 0.94% |
6,866,513
+589,938
| +9% | +$59.2M |
|
|
24
Waste Management
WM
$95.9B
| $712M | 0.9% |
6,035,616
+1,436,679
| +31% | +$168M |
|
25
Cisco
CSCO
$450B
| $702M | 0.89% |
15,687,537
+1,893,131
| +14% | +$77.8M |
|
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QCM
Lazard Asset Management's Q4 2020 Portfolio in Review
As of Q4 2020, Lazard Asset Management held 2,061 positions worth $79.1B, up 11% from $71.1B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Lazard Asset Management withdrew a net $5.86B in Q4 2020, closing 231 positions and reducing 465 holdings. Its most notable exit was Unilever NV New York Registry Shares, an estimated $112M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 21% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Sotera Health worth $100M.
- Lazard Asset Management's largest Q4 2020 buy was Sotera Health: 3,651,831 shares worth $100M.
- Lazard Asset Management added most to Sysco in Q4 2020, an estimated $273M increase.
- Lazard Asset Management's biggest Q4 2020 reduction was Pfizer, cutting an estimated $548M.
- Lazard Asset Management fully exited Unilever NV New York Registry Shares in Q4 2020, selling an estimated $112M.
- Lazard Asset Management's ten largest holdings make up 23% of its $79.1B portfolio in Q4 2020.
- Lazard Asset Management opened 445 new positions and closed 231 in Q4 2020.
- Lazard Asset Management's portfolio value rose 11% quarter-over-quarter to $79.1B.
Based on Lazard Asset Management's 13F filing for Q4 2020, filed 11 Feb 2021.