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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
+6.46%
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
$81.2B
AUM Growth
+$4.94B
(+6.5%)
Cap. Flow
-$6.14B
Cap. Flow
% of AUM
-7.55%
Top 10 Holdings %
Top 10 Hldgs %
23.23%
Holding
2,627
New
307
Increased
786
Reduced
648
Closed
292
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Exelon
EXC
|
+$410M |
| 2 |
American Electric Power
AEP
|
+$309M |
| 3 |
UnitedHealth
UNH
|
+$239M |
| 4 |
Johnson & Johnson
JNJ
|
+$235M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$214M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dollar General
DG
|
+$330M |
| 2 |
Consolidated Edison
ED
|
+$330M |
| 3 |
PNC Financial Services
PNC
|
+$284M |
| 4 |
Salesforce
CRM
|
+$173M |
| 5 |
FISV
Fiserv Inc
FISV
|
+$173M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.56% |
| 2 | Healthcare | 13.87% |
| 3 | Financials | 13.3% |
| 4 | Industrials | 12.02% |
| 5 | Consumer Discretionary | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.83T
| $3.78B | 4.65% |
11,090,873
+672,835
| +6% | +$211M |
|
2
Alphabet (Google) Class A
GOOGL
$3.89T
| $2.75B | 3.38% |
22,934,821
-1,049,522
| -4% | -$121M |
|
3
Amazon
AMZN
$2.51T
| $2.13B | 2.62% |
16,351,321
+1,539,778
| +10% | +$176M |
|
4
Norfolk Southern
NSC
$78.3B
| $1.9B | 2.33% |
8,365,299
-141,198
| -2% | -$30M |
|
|
5
Johnson & Johnson
JNJ
$624B
| $1.76B | 2.16% |
10,613,461
+1,453,953
| +16% | +$235M |
|
6
Visa
V
$669B
| $1.64B | 2.01% |
6,885,244
-237,408
| -3% | -$54.3M |
|
7
Aon
AON
$76B
| $1.53B | 1.88% |
4,429,362
+243,371
| +6% | +$79M |
|
8
Accenture
ACN
$84.9B
| $1.21B | 1.48% |
3,905,378
+345,775
| +10% | +$100M |
|
9
Intercontinental Exchange
ICE
$81B
| $1.11B | 1.36% |
9,780,074
+144,834
| +2% | +$15.7M |
|
10
Bank of America
BAC
$430B
| $1.09B | 1.35% |
38,139,521
+4,162,514
| +12% | +$119M |
|
11
Analog Devices
ADI
$185B
| $1.09B | 1.34% |
5,571,610
-602,423
| -10% | -$112M |
|
|
12
UnitedHealth
UNH
$385B
| $1.05B | 1.29% |
2,177,028
+488,006
| +29% | +$239M |
|
13
Thermo Fisher Scientific
TMO
$213B
| $1.02B | 1.26% |
1,961,926
+39,591
| +2% | +$21.4M |
|
14
Honeywell
HON
$78B
| $944M | 1.16% |
4,827,981
+56,859
| +1% | +$10.6M |
|
15
Procter & Gamble
PG
$342B
| $915M | 1.13% |
6,033,249
+174,160
| +3% | +$26.2M |
|
16
CSX Corp
CSX
$97.8B
| $902M | 1.11% |
26,442,306
-1,101,815
| -4% | -$34.9M |
|
17
Waste Management
WM
$95.3B
| $899M | 1.11% |
5,184,093
-193,846
| -4% | -$32M |
|
18
American Express
AXP
$233B
| $888M | 1.09% |
5,098,054
-465,636
| -8% | -$75.1M |
|
19
Danaher
DHR
$135B
| $864M | 1.06% |
4,058,578
+693,433
| +21% | +$147M |
|
20
Icon
ICLR
$13.1B
| $859M | 1.06% |
3,434,431
+456,675
| +15% | +$97M |
|
21
McDonald's
MCD
$187B
| $817M | 1.01% |
2,738,950
-202,954
| -7% | -$59M |
|
22
Coca-Cola
KO
$349B
| $775M | 0.95% |
12,863,831
+387,450
| +3% | +$24.1M |
|
23
Chevron
CVX
$387B
| $758M | 0.93% |
4,817,348
+1,020,519
| +27% | +$164M |
|
24
Prologis
PLD
$135B
| $749M | 0.92% |
6,104,300
+45,758
| +0.8% | +$5.63M |
|
25
Union Pacific
UNP
$181B
| $746M | 0.92% |
3,644,168
+218,977
| +6% | +$43.5M |
|
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QCM
Lazard Asset Management's Q2 2023 Portfolio in Review
As of Q2 2023, Lazard Asset Management held 2,627 positions worth $81.2B, up 6.5% from $76.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Lazard Asset Management withdrew a net $6.14B in Q2 2023, closing 292 positions and reducing 648 holdings. Its most notable exit was ABB Ltd, an estimated $107M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in Nice worth $14.7M.
- Lazard Asset Management's largest Q2 2023 buy was Nice: 71,266 shares worth $14.7M.
- Lazard Asset Management added most to Exelon in Q2 2023, an estimated $410M increase.
- Lazard Asset Management's biggest Q2 2023 reduction was Dollar General, cutting an estimated $330M.
- Lazard Asset Management fully exited ABB Ltd in Q2 2023, selling an estimated $107M.
- Lazard Asset Management's ten largest holdings make up 23% of its $81.2B portfolio in Q2 2023.
- Lazard Asset Management opened 307 new positions and closed 292 in Q2 2023.
- Lazard Asset Management's portfolio value rose 6.5% quarter-over-quarter to $81.2B.
Based on Lazard Asset Management's 13F filing for Q2 2023, filed 15 Aug 2023.