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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
-12.43%
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
$73.9B
AUM Growth
-$12.4B
(-14%)
Cap. Flow
-$7.83B
Cap. Flow
% of AUM
-10.58%
Top 10 Holdings %
Top 10 Hldgs %
21.74%
Holding
2,664
New
311
Increased
910
Reduced
656
Closed
240
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$788M |
| 2 |
Union Pacific
UNP
|
+$641M |
| 3 |
Icon
ICLR
|
+$463M |
| 4 |
Wells Fargo
WFC
|
+$310M |
| 5 |
CSX Corp
CSX
|
+$286M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Medtronic
MDT
|
+$599M |
| 2 |
Intercontinental Exchange
ICE
|
+$280M |
| 3 |
PepsiCo
PEP
|
+$246M |
| 4 |
FedEx
FDX
|
+$242M |
| 5 |
Colgate-Palmolive
CL
|
+$190M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.51% |
| 2 | Healthcare | 14.98% |
| 3 | Financials | 13.27% |
| 4 | Industrials | 10.94% |
| 5 | Consumer Discretionary | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.83T
| $2.7B | 3.65% |
10,509,846
+22,713
| +0.2% | +$6.16M |
|
2
Alphabet (Google) Class A
GOOGL
$3.89T
| $2.43B | 3.29% |
22,337,040
+189,960
| +0.9% | +$22.4M |
|
3
Johnson & Johnson
JNJ
$624B
| $1.69B | 2.28% |
9,493,671
-312,661
| -3% | -$55.7M |
|
|
4
Norfolk Southern
NSC
$78.3B
| $1.47B | 1.99% |
6,465,118
+3,207,354
| +98% | +$788M |
|
|
5
Medtronic
MDT
$105B
| $1.45B | 1.96% |
16,147,899
-5,913,815
| -27% | -$599M |
|
6
Visa
V
$669B
| $1.35B | 1.83% |
6,874,477
+33,556
| +0.5% | +$6.93M |
|
7
Aon
AON
$76B
| $1.35B | 1.83% |
5,016,500
-60,201
| -1% | -$17.3M |
|
8
Amazon
AMZN
$2.51T
| $1.35B | 1.82% |
12,688,894
+2,230,454
| +21% | +$279M |
|
9
Analog Devices
ADI
$185B
| $1.18B | 1.6% |
8,073,104
+429,519
| +6% | +$67.6M |
|
10
Accenture
ACN
$84.9B
| $1.11B | 1.49% |
3,980,106
+7,013
| +0.2% | +$2.11M |
|
11
Thermo Fisher Scientific
TMO
$213B
| $1.04B | 1.41% |
1,913,449
-50,954
| -3% | -$28M |
|
12
Bank of America
BAC
$430B
| $1.02B | 1.38% |
32,677,826
+1,450,195
| +5% | +$52.2M |
|
|
13
Intercontinental Exchange
ICE
$81B
| $987M | 1.33% |
10,494,784
-2,617,139
| -20% | -$280M |
|
14
Sysco
SYY
$39.1B
| $926M | 1.25% |
10,930,519
-1,708,048
| -14% | -$143M |
|
15
Procter & Gamble
PG
$342B
| $842M | 1.14% |
5,855,881
+294,256
| +5% | +$44.2M |
|
16
McDonald's
MCD
$187B
| $812M | 1.1% |
3,288,489
-219,246
| -6% | -$54M |
|
17
ConocoPhillips
COP
$146B
| $801M | 1.08% |
8,916,339
-29,349
| -0.3% | -$3.02M |
|
18
Coca-Cola
KO
$349B
| $800M | 1.08% |
12,723,258
-328,247
| -3% | -$20.8M |
|
19
Honeywell
HON
$78B
| $799M | 1.08% |
4,875,160
-145,360
| -3% | -$26.1M |
|
20
Waste Management
WM
$95.3B
| $773M | 1.04% |
5,050,137
-965,707
| -16% | -$151M |
|
21
American Express
AXP
$233B
| $752M | 1.02% |
5,423,550
-70,114
| -1% | -$11.6M |
|
22
Pinnacle West Capital
PNW
$12.8B
| $746M | 1.01% |
10,202,529
+362,357
| +4% | +$27.1M |
|
23
Cisco
CSCO
$444B
| $738M | 1% |
17,297,013
-531,472
| -3% | -$25.4M |
|
|
24
CSX Corp
CSX
$97.8B
| $731M | 0.99% |
25,162,054
+8,771,922
| +54% | +$286M |
|
25
Danaher
DHR
$135B
| $726M | 0.98% |
3,230,428
+248,826
| +8% | +$57.3M |
|
Similar funds
QCM
Lazard Asset Management's Q2 2022 Portfolio in Review
As of Q2 2022, Lazard Asset Management held 2,664 positions worth $73.9B, down 14% from $86.3B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Lazard Asset Management withdrew a net $7.83B in Q2 2022, closing 240 positions and reducing 656 holdings. Its most notable exit was ASPEN TECHNOLOGY INC, an estimated $156M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 19% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Aspen Technology Inc worth $74.1M.
- Lazard Asset Management's largest Q2 2022 buy was Aspen Technology Inc: 403,325 shares worth $74.1M.
- Lazard Asset Management added most to Norfolk Southern in Q2 2022, an estimated $788M increase.
- Lazard Asset Management's biggest Q2 2022 reduction was Medtronic, cutting an estimated $599M.
- Lazard Asset Management fully exited ASPEN TECHNOLOGY INC in Q2 2022, selling an estimated $156M.
- Lazard Asset Management's ten largest holdings make up 22% of its $73.9B portfolio in Q2 2022.
- Lazard Asset Management opened 311 new positions and closed 240 in Q2 2022.
- Lazard Asset Management's portfolio value fell 14% quarter-over-quarter to $73.9B.
Based on Lazard Asset Management's 13F filing for Q2 2022, filed 9 Aug 2022.