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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
+11.1%
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
$79B
AUM Growth
+$5.52B
(+7.5%)
Cap. Flow
-$7.01B
Cap. Flow
% of AUM
-8.87%
Top 10 Holdings %
Top 10 Hldgs %
24.46%
Holding
2,559
New
284
Increased
737
Reduced
832
Closed
260
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chubb
CB
|
+$555M |
| 2 |
American Electric Power
AEP
|
+$272M |
| 3 |
Ulta Beauty
ULTA
|
+$161M |
| 4 |
CVS Health
CVS
|
+$160M |
| 5 |
McDonald's
MCD
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$388M |
| 2 |
Aon
AON
|
+$211M |
| 3 |
Johnson & Johnson
JNJ
|
+$209M |
| 4 |
Norfolk Southern
NSC
|
+$162M |
| 5 |
Envista
NVST
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.99% |
| 2 | Financials | 14.12% |
| 3 | Healthcare | 13.38% |
| 4 | Industrials | 11.48% |
| 5 | Consumer Discretionary | 9.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.83T
| $4.29B | 5.43% |
11,406,022
+19,523
| +0.2% | +$6.95M |
|
2
Alphabet (Google) Class A
GOOGL
$3.89T
| $3.15B | 3.99% |
22,584,718
+176,908
| +0.8% | +$23.8M |
|
3
Amazon
AMZN
$2.51T
| $2.65B | 3.35% |
17,427,411
-91,658
| -0.5% | -$12.8M |
|
|
4
Norfolk Southern
NSC
$78.3B
| $1.86B | 2.35% |
7,856,700
-772,630
| -9% | -$162M |
|
5
Visa
V
$669B
| $1.61B | 2.04% |
6,202,346
-415,147
| -6% | -$102M |
|
6
Accenture
ACN
$84.9B
| $1.28B | 1.62% |
3,648,290
+249,636
| +7% | +$80.5M |
|
7
Intercontinental Exchange
ICE
$81B
| $1.22B | 1.54% |
9,464,454
-126,142
| -1% | -$14.3M |
|
8
UnitedHealth
UNH
$385B
| $1.11B | 1.41% |
2,112,116
-28,814
| -1% | -$15.4M |
|
|
9
Aon
AON
$76B
| $1.11B | 1.41% |
3,819,326
-660,326
| -15% | -$211M |
|
10
Bank of America
BAC
$430B
| $1.05B | 1.33% |
31,111,737
-309,628
| -1% | -$9.01M |
|
11
Thermo Fisher Scientific
TMO
$213B
| $997M | 1.26% |
1,877,702
-34,255
| -2% | -$16.6M |
|
12
Analog Devices
ADI
$185B
| $939M | 1.19% |
4,727,648
-530,966
| -10% | -$94.8M |
|
|
13
McDonald's
MCD
$187B
| $937M | 1.19% |
3,158,791
+510,854
| +19% | +$139M |
|
|
14
Johnson & Johnson
JNJ
$624B
| $930M | 1.18% |
5,935,057
-1,360,952
| -19% | -$209M |
|
15
American Express
AXP
$233B
| $922M | 1.17% |
4,919,646
-8,998
| -0.2% | -$1.45M |
|
16
CSX Corp
CSX
$97.8B
| $869M | 1.1% |
25,077,931
-4,113,113
| -14% | -$131M |
|
17
Chevron
CVX
$387B
| $833M | 1.05% |
5,582,231
+399,914
| +8% | +$60.5M |
|
18
Danaher
DHR
$135B
| $833M | 1.05% |
3,598,750
-395,941
| -10% | -$84.3M |
|
19
ConocoPhillips
COP
$146B
| $823M | 1.04% |
7,091,010
+4,329
| +0.1% | +$506K |
|
20
Icon
ICLR
$13.1B
| $782M | 0.99% |
2,761,425
-284,575
| -9% | -$73.6M |
|
21
Honeywell
HON
$78B
| $774M | 0.98% |
3,914,166
-820,429
| -17% | -$148M |
|
22
Prologis
PLD
$135B
| $771M | 0.98% |
5,785,370
-140,072
| -2% | -$15.9M |
|
23
Ryanair
RYAAY
$29.3B
| $767M | 0.97% |
14,378,403
-990,787
| -6% | -$43.5M |
|
24
Applied Materials
AMAT
$447B
| $762M | 0.96% |
4,698,605
+345,576
| +8% | +$50.8M |
|
25
IQVIA
IQV
$34.6B
| $748M | 0.95% |
3,233,930
+344,667
| +12% | +$70.8M |
|
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QCM
Lazard Asset Management's Q4 2023 Portfolio in Review
As of Q4 2023, Lazard Asset Management held 2,559 positions worth $79B, up 7.5% from $73.5B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $7.01B in Q4 2023, closing 260 positions and reducing 832 holdings. Its most notable exit was VMware, Inc, an estimated $34.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Lazard Asset Management opened a new position in Dentsply Sirona worth $141M.
- Lazard Asset Management's largest Q4 2023 buy was Dentsply Sirona: 3,954,444 shares worth $141M.
- Lazard Asset Management added most to Chubb in Q4 2023, an estimated $555M increase.
- Lazard Asset Management's biggest Q4 2023 reduction was Meta Platforms (Facebook), cutting an estimated $388M.
- Lazard Asset Management fully exited VMware, Inc in Q4 2023, selling an estimated $34.5M.
- Lazard Asset Management's ten largest holdings make up 24% of its $79B portfolio in Q4 2023.
- Lazard Asset Management opened 284 new positions and closed 260 in Q4 2023.
- Lazard Asset Management's portfolio value rose 7.5% quarter-over-quarter to $79B.
Based on Lazard Asset Management's 13F filing for Q4 2023, filed 14 Feb 2024.