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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
+6.48%
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
$76.3B
AUM Growth
+$3.71B
(+5.1%)
Cap. Flow
-$8.32B
Cap. Flow
% of AUM
-10.91%
Top 10 Holdings %
Top 10 Hldgs %
21.64%
Holding
2,644
New
223
Increased
746
Reduced
756
Closed
309
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$315M |
| 2 |
UnitedHealth
UNH
|
+$251M |
| 3 |
Union Pacific
UNP
|
+$248M |
| 4 |
Chevron
CVX
|
+$165M |
| 5 |
CYBR
CyberArk
CYBR
|
+$161M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Analog Devices
ADI
|
+$252M |
| 2 |
Aon
AON
|
+$184M |
| 3 |
Meta Platforms (Facebook)
META
|
+$160M |
| 4 |
PNC Financial Services
PNC
|
+$156M |
| 5 |
PayPal
PYPL
|
+$127M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.85% |
| 2 | Healthcare | 13.57% |
| 3 | Financials | 12.91% |
| 4 | Industrials | 11.58% |
| 5 | Consumer Discretionary | 8.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.83T
| $3B | 3.94% |
10,418,038
+186,259
| +2% | +$47.5M |
|
2
Alphabet (Google) Class A
GOOGL
$3.89T
| $2.49B | 3.26% |
23,984,343
+1,249,190
| +5% | +$120M |
|
|
3
Norfolk Southern
NSC
$78.3B
| $1.8B | 2.36% |
8,506,497
+1,362,116
| +19% | +$315M |
|
4
Visa
V
$669B
| $1.61B | 2.1% |
7,122,652
+8,925
| +0.1% | +$1.99M |
|
5
Amazon
AMZN
$2.51T
| $1.53B | 2.01% |
14,811,543
+677,347
| +5% | +$65.4M |
|
6
Johnson & Johnson
JNJ
$624B
| $1.42B | 1.86% |
9,159,508
+195,450
| +2% | +$31.6M |
|
|
7
Aon
AON
$76B
| $1.32B | 1.73% |
4,185,991
-596,019
| -12% | -$184M |
|
|
8
Analog Devices
ADI
$185B
| $1.22B | 1.6% |
6,174,033
-1,407,177
| -19% | -$252M |
|
9
Thermo Fisher Scientific
TMO
$213B
| $1.11B | 1.45% |
1,922,335
+46,298
| +2% | +$26.1M |
|
10
Accenture
ACN
$84.9B
| $1.02B | 1.33% |
3,559,603
-103,171
| -3% | -$28.1M |
|
11
Intercontinental Exchange
ICE
$81B
| $1B | 1.32% |
9,635,240
-666,236
| -6% | -$69.4M |
|
12
Bank of America
BAC
$430B
| $972M | 1.27% |
33,977,007
-125,425
| -0.4% | -$4.14M |
|
13
American Express
AXP
$233B
| $918M | 1.2% |
5,563,690
-238,651
| -4% | -$39.6M |
|
14
Waste Management
WM
$95.3B
| $878M | 1.15% |
5,377,939
+265,920
| +5% | +$40.7M |
|
15
Procter & Gamble
PG
$342B
| $871M | 1.14% |
5,859,089
+441,846
| +8% | +$63.2M |
|
16
Honeywell
HON
$78B
| $859M | 1.13% |
4,771,122
+64,102
| +1% | +$12.1M |
|
17
CSX Corp
CSX
$97.8B
| $825M | 1.08% |
27,544,121
+2,051,664
| +8% | +$63.1M |
|
18
McDonald's
MCD
$187B
| $823M | 1.08% |
2,941,904
-119,699
| -4% | -$32.1M |
|
|
19
UnitedHealth
UNH
$385B
| $798M | 1.05% |
1,689,022
+520,830
| +45% | +$251M |
|
20
Coca-Cola
KO
$349B
| $774M | 1.01% |
12,476,381
+16,333
| +0.1% | +$989K |
|
21
Prologis
PLD
$135B
| $756M | 0.99% |
6,058,542
-9,562
| -0.2% | -$1.18M |
|
22
Danaher
DHR
$135B
| $752M | 0.99% |
3,365,145
+96,597
| +3% | +$22M |
|
|
23
Union Pacific
UNP
$181B
| $689M | 0.9% |
3,425,191
+1,225,405
| +56% | +$248M |
|
24
Applied Materials
AMAT
$447B
| $682M | 0.89% |
5,551,092
-112,068
| -2% | -$12.9M |
|
25
Sysco
SYY
$39.1B
| $659M | 0.86% |
8,527,222
-146,343
| -2% | -$11.2M |
|
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QCM
Lazard Asset Management's Q1 2023 Portfolio in Review
As of Q1 2023, Lazard Asset Management held 2,644 positions worth $76.3B, up 5.1% from $72.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Lazard Asset Management withdrew a net $8.32B in Q1 2023, closing 309 positions and reducing 756 holdings. Its most notable exit was Linde, an estimated $56.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Fomento Económico Mexicano worth $11.2M.
- Lazard Asset Management's largest Q1 2023 buy was Fomento Económico Mexicano: 117,338 shares worth $11.2M.
- Lazard Asset Management added most to Norfolk Southern in Q1 2023, an estimated $315M increase.
- Lazard Asset Management's biggest Q1 2023 reduction was Analog Devices, cutting an estimated $252M.
- Lazard Asset Management fully exited Linde in Q1 2023, selling an estimated $56.6M.
- Lazard Asset Management's ten largest holdings make up 22% of its $76.3B portfolio in Q1 2023.
- Lazard Asset Management opened 223 new positions and closed 309 in Q1 2023.
- Lazard Asset Management's portfolio value rose 5.1% quarter-over-quarter to $76.3B.
Based on Lazard Asset Management's 13F filing for Q1 2023, filed 15 May 2023.