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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
-3.24%
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
$73.5B
AUM Growth
-$7.73B
(-9.5%)
Cap. Flow
-$10.4B
Cap. Flow
% of AUM
-14.12%
Top 10 Holdings %
Top 10 Hldgs %
24.14%
Holding
2,549
New
227
Increased
861
Reduced
712
Closed
243
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPL
PPL Corp
PPL
|
+$301M |
| 2 |
Estee Lauder
EL
|
+$252M |
| 3 |
Boeing
BA
|
+$251M |
| 4 |
Kenvue
KVUE
|
+$174M |
| 5 |
Fidelity National Information Services
FIS
|
+$166M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$547M |
| 2 |
Union Pacific
UNP
|
+$459M |
| 3 |
Pinnacle West Capital
PNW
|
+$203M |
| 4 |
Wells Fargo
WFC
|
+$199M |
| 5 |
Bank of America
BAC
|
+$199M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.75% |
| 2 | Healthcare | 13.74% |
| 3 | Financials | 13.36% |
| 4 | Industrials | 11.58% |
| 5 | Consumer Discretionary | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.88T
| $3.6B | 4.89% |
11,386,499
+295,626
| +3% | +$97.7M |
|
2
Alphabet (Google) Class A
GOOGL
$3.91T
| $2.93B | 3.99% |
22,407,810
-527,011
| -2% | -$68.2M |
|
3
Amazon
AMZN
$2.52T
| $2.23B | 3.03% |
17,519,069
+1,167,748
| +7% | +$156M |
|
4
Norfolk Southern
NSC
$78.7B
| $1.7B | 2.31% |
8,629,330
+264,031
| +3% | +$57.1M |
|
5
Visa
V
$673B
| $1.52B | 2.07% |
6,617,493
-267,751
| -4% | -$64.4M |
|
6
Aon
AON
$76.6B
| $1.45B | 1.98% |
4,479,652
+50,290
| +1% | +$16.6M |
|
|
7
Johnson & Johnson
JNJ
$629B
| $1.14B | 1.55% |
7,296,009
-3,317,452
| -31% | -$547M |
|
8
UnitedHealth
UNH
$388B
| $1.08B | 1.47% |
2,140,930
-36,098
| -2% | -$17.8M |
|
9
Intercontinental Exchange
ICE
$81.3B
| $1.06B | 1.44% |
9,590,596
-189,478
| -2% | -$21.7M |
|
10
Accenture
ACN
$87.2B
| $1.04B | 1.42% |
3,398,654
-506,724
| -13% | -$160M |
|
11
Thermo Fisher Scientific
TMO
$211B
| $968M | 1.32% |
1,911,957
-49,969
| -3% | -$26.6M |
|
12
Analog Devices
ADI
$183B
| $921M | 1.25% |
5,258,614
-312,996
| -6% | -$57.7M |
|
13
CSX Corp
CSX
$98B
| $898M | 1.22% |
29,191,044
+2,748,738
| +10% | +$87.1M |
|
14
Chevron
CVX
$387B
| $874M | 1.19% |
5,182,317
+364,969
| +8% | +$58.9M |
|
|
15
Bank of America
BAC
$431B
| $860M | 1.17% |
31,421,365
-6,718,156
| -18% | -$199M |
|
16
ConocoPhillips
COP
$146B
| $849M | 1.15% |
7,086,681
+74,278
| +1% | +$8.62M |
|
17
Procter & Gamble
PG
$340B
| $844M | 1.15% |
5,787,214
-246,035
| -4% | -$37.6M |
|
18
Honeywell
HON
$78.3B
| $824M | 1.12% |
4,734,595
-93,386
| -2% | -$17.1M |
|
19
Danaher
DHR
$136B
| $779M | 1.06% |
3,994,691
-63,887
| -2% | -$14.2M |
|
20
Icon
ICLR
$13.4B
| $750M | 1.02% |
3,046,000
-388,431
| -11% | -$97.9M |
|
21
American Express
AXP
$221B
| $735M | 1% |
4,928,644
-169,410
| -3% | -$27.7M |
|
|
MRSH
22
Marsh
MRSH
$84B
| $716M | 0.97% |
3,761,954
-67,243
| -2% | -$12.9M |
|
23
Coca-Cola
KO
$350B
| $700M | 0.95% |
12,511,214
-352,617
| -3% | -$21.1M |
|
24
McDonald's
MCD
$188B
| $698M | 0.95% |
2,647,937
-91,013
| -3% | -$26M |
|
25
Waste Management
WM
$95B
| $683M | 0.93% |
4,479,201
-704,892
| -14% | -$114M |
|
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QCM
Lazard Asset Management's Q3 2023 Portfolio in Review
As of Q3 2023, Lazard Asset Management held 2,549 positions worth $73.5B, down 9.5% from $81.2B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $10.4B in Q3 2023, closing 243 positions and reducing 712 holdings. Its most notable exit was Littelfuse, an estimated $24.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Lazard Asset Management opened a new position in ScottsMiracle-Gro worth $28.3M.
- Lazard Asset Management's largest Q3 2023 buy was ScottsMiracle-Gro: 548,310 shares worth $28.3M.
- Lazard Asset Management added most to PPL Corp in Q3 2023, an estimated $301M increase.
- Lazard Asset Management's biggest Q3 2023 reduction was Johnson & Johnson, cutting an estimated $547M.
- Lazard Asset Management fully exited Littelfuse in Q3 2023, selling an estimated $24.3M.
- Lazard Asset Management's ten largest holdings make up 24% of its $73.5B portfolio in Q3 2023.
- Lazard Asset Management opened 227 new positions and closed 243 in Q3 2023.
- Lazard Asset Management's portfolio value fell 9.5% quarter-over-quarter to $73.5B.
Based on Lazard Asset Management's 13F filing for Q3 2023, filed 14 Nov 2023.