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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
+6.75%
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
$89.1B
AUM Growth
+$6.54B
(+7.9%)
Cap. Flow
-$5.44B
Cap. Flow
% of AUM
-6.11%
Top 10 Holdings %
Top 10 Hldgs %
22.47%
Holding
2,160
New
299
Increased
560
Reduced
516
Closed
213
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pinnacle West Capital
PNW
|
+$322M |
| 2 |
Salesforce
CRM
|
+$177M |
| 3 |
Sysco
SYY
|
+$169M |
| 4 |
Verisk Analytics
VRSK
|
+$169M |
| 5 |
Petrobras
PBR
|
+$159M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$325M |
| 2 |
Lowe's Companies
LOW
|
+$229M |
| 3 |
TSMC
TSM
|
+$210M |
| 4 |
Southwest Gas
SWX
|
+$192M |
| 5 |
Ternium
TX
|
+$176M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.43% |
| 2 | Healthcare | 14.73% |
| 3 | Financials | 13.91% |
| 4 | Industrials | 9.41% |
| 5 | Consumer Discretionary | 8.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.83T
| $3.35B | 3.76% |
12,376,336
-216,862
| -2% | -$55.1M |
|
2
Alphabet (Google) Class A
GOOGL
$3.89T
| $3.17B | 3.56% |
25,944,880
-1,448,600
| -5% | -$169M |
|
3
Medtronic
MDT
$105B
| $3.05B | 3.43% |
24,598,840
+410,663
| +2% | +$51.6M |
|
4
Johnson & Johnson
JNJ
$624B
| $1.72B | 1.93% |
10,414,986
-221,960
| -2% | -$36.7M |
|
5
Intercontinental Exchange
ICE
$81B
| $1.62B | 1.82% |
13,644,604
-537,232
| -4% | -$61.8M |
|
6
Visa
V
$669B
| $1.46B | 1.64% |
6,253,996
-60,978
| -1% | -$13.9M |
|
7
Apple
AAPL
$4.72T
| $1.45B | 1.63% |
10,603,401
-158,694
| -1% | -$20.6M |
|
8
Aon
AON
$76B
| $1.44B | 1.62% |
6,039,821
+100,230
| +2% | +$24.5M |
|
9
Analog Devices
ADI
$185B
| $1.39B | 1.56% |
8,079,956
-77,433
| -0.9% | -$12.4M |
|
10
Bank of America
BAC
$430B
| $1.37B | 1.53% |
33,121,771
-230,231
| -0.7% | -$9.44M |
|
11
Accenture
ACN
$84.9B
| $1.28B | 1.44% |
4,357,048
+55,738
| +1% | +$16M |
|
12
McDonald's
MCD
$187B
| $1.27B | 1.43% |
5,504,556
+147,932
| +3% | +$34.4M |
|
13
Honeywell
HON
$78B
| $1.17B | 1.32% |
5,681,449
-84,605
| -1% | -$17.9M |
|
14
Thermo Fisher Scientific
TMO
$213B
| $1.07B | 1.2% |
2,125,696
+158,778
| +8% | +$74.9M |
|
|
15
Lowe's Companies
LOW
$113B
| $1.06B | 1.19% |
5,455,901
-1,170,576
| -18% | -$229M |
|
16
Alibaba
BABA
$273B
| $977M | 1.1% |
4,309,392
+90,870
| +2% | +$20.2M |
|
17
American Express
AXP
$233B
| $940M | 1.06% |
5,689,313
-68,509
| -1% | -$10.7M |
|
18
Waste Management
WM
$95.3B
| $911M | 1.02% |
6,502,944
-179,875
| -3% | -$24.9M |
|
19
Cisco
CSCO
$444B
| $878M | 0.99% |
16,560,457
-218,016
| -1% | -$11.5M |
|
|
20
Norfolk Southern
NSC
$78.3B
| $878M | 0.98% |
3,306,294
-1,178,714
| -26% | -$325M |
|
21
Procter & Gamble
PG
$342B
| $804M | 0.9% |
5,957,314
-323,112
| -5% | -$43.7M |
|
22
Texas Instruments
TXN
$260B
| $776M | 0.87% |
4,033,732
+19,661
| +0.5% | +$3.69M |
|
23
CSX Corp
CSX
$97.8B
| $774M | 0.87% |
24,121,477
-77,666
| -0.3% | -$2.56M |
|
|
24
Alphabet (Google) Class C
GOOG
$3.89T
| $752M | 0.84% |
5,998,160
-659,060
| -10% | -$78.5M |
|
25
Coca-Cola
KO
$349B
| $733M | 0.82% |
13,548,312
-793,440
| -6% | -$43.2M |
|
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QCM
Lazard Asset Management's Q2 2021 Portfolio in Review
As of Q2 2021, Lazard Asset Management held 2,160 positions worth $89.1B, up 7.9% from $82.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Lazard Asset Management withdrew a net $5.44B in Q2 2021, closing 213 positions and reducing 516 holdings. Its most notable exit was CenterPoint Energy, an estimated $11.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in LiveRamp worth $126M.
- Lazard Asset Management's largest Q2 2021 buy was LiveRamp: 2,683,000 shares worth $126M.
- Lazard Asset Management added most to Pinnacle West Capital in Q2 2021, an estimated $322M increase.
- Lazard Asset Management's biggest Q2 2021 reduction was Norfolk Southern, cutting an estimated $325M.
- Lazard Asset Management fully exited CenterPoint Energy in Q2 2021, selling an estimated $11.4M.
- Lazard Asset Management's ten largest holdings make up 22% of its $89.1B portfolio in Q2 2021.
- Lazard Asset Management opened 299 new positions and closed 213 in Q2 2021.
- Lazard Asset Management's portfolio value rose 7.9% quarter-over-quarter to $89.1B.
Based on Lazard Asset Management's 13F filing for Q2 2021, filed 12 Aug 2021.