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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
+8.53%
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
$94B
AUM Growth
+$5.35B
(+6%)
Cap. Flow
-$10.2B
Cap. Flow
% of AUM
-10.87%
Top 10 Holdings %
Top 10 Hldgs %
22.25%
Holding
2,551
New
400
Increased
743
Reduced
692
Closed
262
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pinnacle West Capital
PNW
|
+$455M |
| 2 |
PNC Financial Services
PNC
|
+$306M |
| 3 |
Otis Worldwide
OTIS
|
+$234M |
| 4 |
Colgate-Palmolive
CL
|
+$212M |
| 5 |
NorthWestern Energy
NWE
|
+$193M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Chase
JPM
|
+$545M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$293M |
| 3 |
CSX Corp
CSX
|
+$210M |
| 4 |
Baxter International
BAX
|
+$171M |
| 5 |
Dollar Tree
DLTR
|
+$160M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.36% |
| 2 | Healthcare | 14.2% |
| 3 | Financials | 13.3% |
| 4 | Industrials | 9.5% |
| 5 | Consumer Discretionary | 9.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.87T
| $3.6B | 3.83% |
10,711,290
-392,097
| -4% | -$127M |
|
|
2
Alphabet (Google) Class A
GOOGL
$3.92T
| $3.25B | 3.46% |
22,446,640
-2,036,200
| -8% | -$293M |
|
3
Medtronic
MDT
$106B
| $2.62B | 2.79% |
25,370,323
+1,196,593
| +5% | +$139M |
|
4
Intercontinental Exchange
ICE
$81.5B
| $1.81B | 1.93% |
13,248,812
-284,559
| -2% | -$37.7M |
|
5
Accenture
ACN
$87.6B
| $1.73B | 1.84% |
4,172,798
-207,287
| -5% | -$75.5M |
|
6
Johnson & Johnson
JNJ
$629B
| $1.71B | 1.82% |
9,998,916
-309,989
| -3% | -$50.7M |
|
7
Amazon
AMZN
$2.52T
| $1.67B | 1.78% |
10,035,820
+305,440
| +3% | +$52.3M |
|
8
Aon
AON
$76.3B
| $1.61B | 1.72% |
5,366,302
-447,598
| -8% | -$134M |
|
9
Visa
V
$671B
| $1.48B | 1.58% |
6,852,090
+276,346
| +4% | +$59.3M |
|
10
Bank of America
BAC
$431B
| $1.41B | 1.5% |
31,654,352
-860,184
| -3% | -$39.2M |
|
11
Thermo Fisher Scientific
TMO
$210B
| $1.37B | 1.46% |
2,056,612
-30,274
| -1% | -$18.9M |
|
12
Analog Devices
ADI
$183B
| $1.37B | 1.45% |
7,768,969
-162,362
| -2% | -$28.8M |
|
13
Norfolk Southern
NSC
$78.2B
| $1.18B | 1.25% |
3,959,196
-81,782
| -2% | -$22.8M |
|
14
Cisco
CSCO
$445B
| $1.14B | 1.21% |
17,941,281
+2,380,582
| +15% | +$136M |
|
15
Honeywell
HON
$77.5B
| $1.11B | 1.18% |
5,631,438
-35,971
| -0.6% | -$7.26M |
|
16
Waste Management
WM
$95.4B
| $1.03B | 1.1% |
6,171,396
-191,844
| -3% | -$30.8M |
|
17
Sysco
SYY
$39.3B
| $1.02B | 1.09% |
13,020,585
+1,009,837
| +8% | +$77.7M |
|
18
McDonald's
MCD
$188B
| $1.01B | 1.07% |
3,762,381
-374,319
| -9% | -$94.5M |
|
19
Lowe's Companies
LOW
$114B
| $1.01B | 1.07% |
3,888,378
-413,438
| -10% | -$98.3M |
|
20
American Express
AXP
$221B
| $939M | 1% |
5,738,953
+165,106
| +3% | +$28.2M |
|
21
Procter & Gamble
PG
$340B
| $925M | 0.98% |
5,656,367
-132,086
| -2% | -$19.6M |
|
22
Danaher
DHR
$135B
| $866M | 0.92% |
2,970,559
-27,098
| -0.9% | -$7.46M |
|
23
Zoetis
ZTS
$31.4B
| $852M | 0.91% |
3,492,277
-164,229
| -4% | -$36M |
|
24
IQVIA
IQV
$34.6B
| $838M | 0.89% |
2,970,839
+6,829
| +0.2% | +$1.77M |
|
25
Prologis
PLD
$135B
| $784M | 0.83% |
4,659,170
-78,442
| -2% | -$11.7M |
|
Similar funds
QCM
Lazard Asset Management's Q4 2021 Portfolio in Review
As of Q4 2021, Lazard Asset Management held 2,551 positions worth $94B, up 6% from $88.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Lazard Asset Management withdrew a net $10.2B in Q4 2021, closing 262 positions and reducing 692 holdings. Its most notable exit was Innospec, an estimated $21M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Wells Fargo 7.5% Non Cumv Perp Conv worth $922K.
- Lazard Asset Management's largest Q4 2021 buy was Wells Fargo 7.5% Non Cumv Perp Conv: 61,920 shares worth $922K.
- Lazard Asset Management added most to Pinnacle West Capital in Q4 2021, an estimated $455M increase.
- Lazard Asset Management's biggest Q4 2021 reduction was JPMorgan Chase, cutting an estimated $545M.
- Lazard Asset Management fully exited Innospec in Q4 2021, selling an estimated $21M.
- Lazard Asset Management's ten largest holdings make up 22% of its $94B portfolio in Q4 2021.
- Lazard Asset Management opened 400 new positions and closed 262 in Q4 2021.
- Lazard Asset Management's portfolio value rose 6% quarter-over-quarter to $94B.
Based on Lazard Asset Management's 13F filing for Q4 2021, filed 9 Feb 2022.