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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
+8.81%
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
$72.6B
AUM Growth
+$4.15B
(+6.1%)
Cap. Flow
-$8.77B
Cap. Flow
% of AUM
-12.07%
Top 10 Holdings %
Top 10 Hldgs %
21.12%
Holding
2,647
New
294
Increased
759
Reduced
718
Closed
235
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chevron
CVX
|
+$418M |
| 2 |
Meta Platforms (Facebook)
META
|
+$355M |
| 3 |
Labcorp
LH
|
+$293M |
| 4 |
Exelon
EXC
|
+$265M |
| 5 |
Wells Fargo
WFC
|
+$199M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Medtronic
MDT
|
+$554M |
| 2 |
ConocoPhillips
COP
|
+$350M |
| 3 |
Texas Instruments
TXN
|
+$274M |
| 4 |
Lowe's Companies
LOW
|
+$265M |
| 5 |
Cisco
CSCO
|
+$245M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.23% |
| 2 | Financials | 14.51% |
| 3 | Healthcare | 14.22% |
| 4 | Industrials | 11.72% |
| 5 | Consumer Discretionary | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.83T
| $2.45B | 3.38% |
10,231,779
-81,839
| -0.8% | -$19.6M |
|
2
Alphabet (Google) Class A
GOOGL
$3.89T
| $2.01B | 2.76% |
22,735,153
+851,863
| +4% | +$81M |
|
3
Norfolk Southern
NSC
$78.3B
| $1.76B | 2.43% |
7,144,381
-502,673
| -7% | -$119M |
|
4
Johnson & Johnson
JNJ
$624B
| $1.58B | 2.18% |
8,964,058
-400,707
| -4% | -$69.2M |
|
5
Visa
V
$669B
| $1.48B | 2.04% |
7,113,727
+301,751
| +4% | +$60.9M |
|
6
Aon
AON
$76B
| $1.44B | 1.98% |
4,782,010
-158,274
| -3% | -$46.2M |
|
7
Analog Devices
ADI
$185B
| $1.24B | 1.71% |
7,581,210
-454,272
| -6% | -$70.9M |
|
8
Amazon
AMZN
$2.51T
| $1.19B | 1.64% |
14,134,196
+1,516,838
| +12% | +$150M |
|
9
Bank of America
BAC
$430B
| $1.13B | 1.56% |
34,102,432
+1,193,953
| +4% | +$41.1M |
|
10
Intercontinental Exchange
ICE
$81B
| $1.06B | 1.46% |
10,301,476
-66,549
| -0.6% | -$6.63M |
|
11
Thermo Fisher Scientific
TMO
$213B
| $1.03B | 1.42% |
1,876,037
-2,947
| -0.2% | -$1.56M |
|
12
Accenture
ACN
$84.9B
| $977M | 1.35% |
3,662,774
-86,404
| -2% | -$23.9M |
|
13
Honeywell
HON
$78B
| $951M | 1.31% |
4,707,020
-122,376
| -3% | -$23.4M |
|
14
American Express
AXP
$233B
| $857M | 1.18% |
5,802,341
+405,975
| +8% | +$60.2M |
|
15
Procter & Gamble
PG
$342B
| $821M | 1.13% |
5,417,243
+104,386
| +2% | +$14.6M |
|
16
McDonald's
MCD
$187B
| $807M | 1.11% |
3,061,603
-12,382
| -0.4% | -$3.27M |
|
17
Waste Management
WM
$95.3B
| $802M | 1.1% |
5,112,019
+160,466
| +3% | +$25.8M |
|
18
Coca-Cola
KO
$349B
| $793M | 1.09% |
12,460,048
+122,310
| +1% | +$7.38M |
|
19
CSX Corp
CSX
$97.8B
| $790M | 1.09% |
25,492,457
-1,084,556
| -4% | -$32.6M |
|
20
Danaher
DHR
$135B
| $769M | 1.06% |
3,268,548
+70,682
| +2% | +$16.4M |
|
|
21
ConocoPhillips
COP
$146B
| $696M | 0.96% |
5,898,439
-2,882,179
| -33% | -$350M |
|
22
Prologis
PLD
$135B
| $684M | 0.94% |
6,068,104
+270,136
| +5% | +$29.9M |
|
23
Sysco
SYY
$39.1B
| $663M | 0.91% |
8,673,565
-1,084,723
| -11% | -$87.6M |
|
24
Icon
ICLR
$13.1B
| $620M | 0.85% |
3,193,897
+4,814
| +0.2% | +$954K |
|
25
UnitedHealth
UNH
$385B
| $619M | 0.85% |
1,168,192
+119,891
| +11% | +$63.5M |
|
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QCM
Lazard Asset Management's Q4 2022 Portfolio in Review
As of Q4 2022, Lazard Asset Management held 2,647 positions worth $72.6B, up 6.1% from $68.4B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Lazard Asset Management withdrew a net $8.77B in Q4 2022, closing 235 positions and reducing 718 holdings. Its most notable exit was Altra Industrial Motion Corp, an estimated $16.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 18% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Lazard Asset Management opened a new position in NextEra Energy, Inc. 6.926% Corporate Units worth $38M.
- Lazard Asset Management's largest Q4 2022 buy was NextEra Energy, Inc. 6.926% Corporate Units: 756,310 shares worth $38M.
- Lazard Asset Management added most to Chevron in Q4 2022, an estimated $418M increase.
- Lazard Asset Management's biggest Q4 2022 reduction was Medtronic, cutting an estimated $554M.
- Lazard Asset Management fully exited Altra Industrial Motion Corp in Q4 2022, selling an estimated $16.5M.
- Lazard Asset Management's ten largest holdings make up 21% of its $72.6B portfolio in Q4 2022.
- Lazard Asset Management opened 294 new positions and closed 235 in Q4 2022.
- Lazard Asset Management's portfolio value rose 6.1% quarter-over-quarter to $72.6B.
Based on Lazard Asset Management's 13F filing for Q4 2022, filed 15 Feb 2023.