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Lazard Asset Management

Lazard Asset Management Portfolio holdings

AUM $60.8B
1-Year Est. Return 22.47%
This Fund
S&P 500
This Quarter Est. Return
+8.56%
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
$82.3B
AUM Growth
+$3.23B
Cap. Flow
-$7.73B
Cap. Flow %
-9.4%
Top 10 Hldgs %
24.03%
Holding
2,474
New
201
Increased
562
Reduced
953
Closed
424

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$983M
2
EXC icon
Exelon
EXC
+$595M
3
AVGO icon
Broadcom
AVGO
+$486M
4
CRH icon
CRH
CRH
+$387M
5
MRVL icon
Marvell Technology
MRVL
+$274M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$795M
2
NSC icon
Norfolk Southern
NSC
+$559M
3
PPL
PPL Corp
PPL
+$355M
4
UNP icon
Union Pacific
UNP
+$328M
5
CSCO icon
Cisco
CSCO
+$283M

Sector Composition

Rank Sector Weight
1 Technology 23.45%
2 Financials 14.25%
3 Healthcare 13.09%
4 Industrials 10.08%
5 Consumer Discretionary 9.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.83T
$4.63B 5.62%
10,997,452
-408,570
-4% -$165M
AMZN icon
2
Amazon
AMZN
$2.51T
$3.1B 3.76%
17,164,692
-262,719
-2% -$43.9M
GOOGL icon
3
Alphabet (Google) Class A
GOOGL
$3.89T
$2.57B 3.12%
17,024,506
-5,560,212
-25% -$795M
V icon
4
Visa
V
$669B
$1.61B 1.95%
5,761,648
-440,698
-7% -$122M
AAPL icon
5
Apple
AAPL
$4.72T
$1.5B 1.83%
8,759,445
+5,405,542
+161% +$983M
NSC icon
6
Norfolk Southern
NSC
$78.3B
$1.43B 1.73%
5,598,714
-2,257,986
-29% -$559M
ACN icon
7
Accenture
ACN
$84.9B
$1.32B 1.6%
3,797,028
+148,738
+4% +$54.2M
ICE icon
8
Intercontinental Exchange
ICE
$81B
$1.28B 1.55%
9,288,442
-176,012
-2% -$23.4M
EXC icon
9
Exelon
EXC
$48.4B
$1.18B 1.44%
31,480,121
+16,639,251
+112% +$595M
BAC icon
10
Bank of America
BAC
$430B
$1.16B 1.41%
30,622,950
-488,787
-2% -$16.8M
AON icon
11
Aon
AON
$76B
$1.15B 1.39%
3,434,343
-384,983
-10% -$119M
AMAT icon
12
Applied Materials
AMAT
$447B
$1.07B 1.3%
5,189,202
+490,597
+10% +$90M
TMO icon
13
Thermo Fisher Scientific
TMO
$213B
$1.07B 1.3%
1,840,452
-37,250
-2% -$20.9M
UNH icon
14
UnitedHealth
UNH
$385B
$1.01B 1.23%
2,048,594
-63,522
-3% -$32.3M
JNJ icon
15
Johnson & Johnson
JNJ
$624B
$930M 1.13%
5,879,645
-55,412
-0.9% -$8.82M
AXP icon
16
American Express
AXP
$233B
$928M 1.13%
4,075,388
-844,258
-17% -$175M
CB icon
17
Chubb
CB
$137B
$918M 1.12%
3,543,763
+457,881
+15% +$113M
ADI icon
18
Analog Devices
ADI
$185B
$910M 1.11%
4,601,978
-125,670
-3% -$24.2M
COP icon
19
ConocoPhillips
COP
$146B
$892M 1.08%
7,008,011
-82,999
-1% -$9.47M
ICLR icon
20
Icon
ICLR
$13.1B
$872M 1.06%
2,594,559
-166,866
-6% -$49.2M
CVX icon
21
Chevron
CVX
$387B
$868M 1.06%
5,505,005
-77,226
-1% -$11.7M
NVDA icon
22
NVIDIA
NVDA
$5.06T
$851M 1.03%
9,421,340
-116,720
-1% -$8.46M
DHR icon
23
Danaher
DHR
$135B
$829M 1.01%
3,318,193
-280,557
-8% -$68.5M
IQV icon
24
IQVIA
IQV
$34.6B
$825M 1%
3,263,944
+30,014
+0.9% +$7.01M
WM icon
25
Waste Management
WM
$95.3B
$818M 0.99%
3,839,761
-214,224
-5% -$42.1M
1
2 3 4 5

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Lazard Asset Management's Q1 2024 Portfolio in Review

As of Q1 2024, Lazard Asset Management held 2,474 positions worth $82.3B, up 4.1% from $79B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Lazard Asset Management withdrew a net $7.73B in Q1 2024, closing 424 positions and reducing 953 holdings. Its most notable exit was PPL Corp, an estimated $355M position sold in full.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 21% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Lazard Asset Management opened a new position in GMO US Quality ETF worth $10.8M.

  • Lazard Asset Management's largest Q1 2024 buy was GMO US Quality ETF: 362,290 shares worth $10.8M.
  • Lazard Asset Management added most to Apple in Q1 2024, an estimated $983M increase.
  • Lazard Asset Management's biggest Q1 2024 reduction was Alphabet (Google) Class A, cutting an estimated $795M.
  • Lazard Asset Management fully exited PPL Corp in Q1 2024, selling an estimated $355M.
  • Lazard Asset Management's ten largest holdings make up 24% of its $82.3B portfolio in Q1 2024.
  • Lazard Asset Management opened 201 new positions and closed 424 in Q1 2024.
  • Lazard Asset Management's portfolio value rose 4.1% quarter-over-quarter to $82.3B.

Based on Lazard Asset Management's 13F filing for Q1 2024, filed 14 May 2024.