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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
-4.39%
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
$68.4B
AUM Growth
-$5.5B
(-7.4%)
Cap. Flow
-$9.75B
Cap. Flow
% of AUM
-14.25%
Top 10 Holdings %
Top 10 Hldgs %
21.66%
Holding
2,644
New
225
Increased
638
Reduced
796
Closed
294
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$284M |
| 2 |
Icon
ICLR
|
+$148M |
| 3 |
Estee Lauder
EL
|
+$128M |
| 4 |
eBay
EBAY
|
+$127M |
| 5 |
Envista
NVST
|
+$110M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lowe's Companies
LOW
|
+$375M |
| 2 |
NorthWestern Energy
NWE
|
+$293M |
| 3 |
Consolidated Edison
ED
|
+$202M |
| 4 |
Medtronic
MDT
|
+$201M |
| 5 |
Ameren
AEE
|
+$156M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.01% |
| 2 | Healthcare | 14.76% |
| 3 | Financials | 13.61% |
| 4 | Industrials | 11.37% |
| 5 | Consumer Discretionary | 8.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.83T
| $2.4B | 3.51% |
10,313,618
-196,228
| -2% | -$51.8M |
|
2
Alphabet (Google) Class A
GOOGL
$3.89T
| $2.09B | 3.06% |
21,883,290
-453,750
| -2% | -$50.3M |
|
|
3
Norfolk Southern
NSC
$78.3B
| $1.6B | 2.34% |
7,647,054
+1,181,936
| +18% | +$284M |
|
4
Johnson & Johnson
JNJ
$624B
| $1.53B | 2.24% |
9,364,765
-128,906
| -1% | -$21.8M |
|
5
Amazon
AMZN
$2.51T
| $1.43B | 2.08% |
12,617,358
-71,536
| -0.6% | -$9.04M |
|
6
Aon
AON
$76B
| $1.32B | 1.93% |
4,940,284
-76,216
| -2% | -$21.5M |
|
7
Visa
V
$669B
| $1.21B | 1.77% |
6,811,976
-62,501
| -0.9% | -$12.7M |
|
|
8
Medtronic
MDT
$105B
| $1.12B | 1.64% |
13,914,717
-2,233,182
| -14% | -$201M |
|
9
Analog Devices
ADI
$185B
| $1.12B | 1.64% |
8,035,482
-37,622
| -0.5% | -$5.95M |
|
10
Bank of America
BAC
$430B
| $994M | 1.45% |
32,908,479
+230,653
| +0.7% | +$7.71M |
|
11
Accenture
ACN
$84.9B
| $965M | 1.41% |
3,749,178
-230,928
| -6% | -$66.7M |
|
12
Thermo Fisher Scientific
TMO
$213B
| $953M | 1.39% |
1,878,984
-34,465
| -2% | -$19.3M |
|
13
Intercontinental Exchange
ICE
$81B
| $937M | 1.37% |
10,368,025
-126,759
| -1% | -$12.7M |
|
14
ConocoPhillips
COP
$146B
| $899M | 1.31% |
8,780,618
-135,721
| -2% | -$13.5M |
|
15
Waste Management
WM
$95.3B
| $793M | 1.16% |
4,951,553
-98,584
| -2% | -$16.3M |
|
16
Honeywell
HON
$78B
| $760M | 1.11% |
4,829,396
-45,764
| -0.9% | -$7.97M |
|
17
Danaher
DHR
$135B
| $732M | 1.07% |
3,197,866
-32,562
| -1% | -$7.97M |
|
18
American Express
AXP
$233B
| $728M | 1.06% |
5,396,366
-27,184
| -0.5% | -$4.11M |
|
19
McDonald's
MCD
$187B
| $709M | 1.04% |
3,073,985
-214,504
| -7% | -$54.8M |
|
20
CSX Corp
CSX
$97.8B
| $708M | 1.03% |
26,577,013
+1,414,959
| +6% | +$44M |
|
21
Coca-Cola
KO
$349B
| $691M | 1.01% |
12,337,738
-385,520
| -3% | -$24M |
|
22
Sysco
SYY
$39.1B
| $690M | 1.01% |
9,758,288
-1,172,231
| -11% | -$97.6M |
|
23
Procter & Gamble
PG
$342B
| $671M | 0.98% |
5,312,857
-543,024
| -9% | -$77.1M |
|
24
Cisco
CSCO
$444B
| $629M | 0.92% |
15,718,888
-1,578,125
| -9% | -$70M |
|
25
Prologis
PLD
$135B
| $589M | 0.86% |
5,797,968
+150,925
| +3% | +$18.7M |
|
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QCM
Lazard Asset Management's Q3 2022 Portfolio in Review
As of Q3 2022, Lazard Asset Management held 2,644 positions worth $68.4B, down 7.4% from $73.9B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Lazard Asset Management withdrew a net $9.75B in Q3 2022, closing 294 positions and reducing 796 holdings. Its most notable exit was Nielsen Holdings plc, an estimated $99M position sold in full.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 19% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Cardinal Health worth $11.3M.
- Lazard Asset Management's largest Q3 2022 buy was Cardinal Health: 169,616 shares worth $11.3M.
- Lazard Asset Management added most to Norfolk Southern in Q3 2022, an estimated $284M increase.
- Lazard Asset Management's biggest Q3 2022 reduction was Lowe's Companies, cutting an estimated $375M.
- Lazard Asset Management fully exited Nielsen Holdings plc in Q3 2022, selling an estimated $99M.
- Lazard Asset Management's ten largest holdings make up 22% of its $68.4B portfolio in Q3 2022.
- Lazard Asset Management opened 225 new positions and closed 294 in Q3 2022.
- Lazard Asset Management's portfolio value fell 7.4% quarter-over-quarter to $68.4B.
Based on Lazard Asset Management's 13F filing for Q3 2022, filed 14 Nov 2022.