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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
+1.92%
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
$79.7B
AUM Growth
-$2.55B
Cap. Flow
-$8.09B
Cap. Flow %
-10.15%
Top 10 Hldgs %
26.07%
Holding
2,483
New
414
Increased
840
Reduced
685
Closed
192

Top Buys

Rank Stock Value
1
XOM icon
ExxonMobil
XOM
+$892M
2
AAPL icon
Apple
AAPL
+$310M
3
MRVL icon
Marvell Technology
MRVL
+$305M
4
ODFL icon
Old Dominion Freight Line
ODFL
+$233M
5
UNH icon
UnitedHealth
UNH
+$230M

Top Sells

Rank Stock Value
1
CVX icon
Chevron
CVX
+$812M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$445M
3
DIS icon
Walt Disney
DIS
+$312M
4
LH icon
Labcorp
LH
+$296M
5
PNW icon
Pinnacle West Capital
PNW
+$287M

Sector Composition

Rank Sector Weight
1 Technology 26.48%
2 Financials 13.95%
3 Healthcare 12.34%
4 Industrials 9.8%
5 Consumer Discretionary 9.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.83T
$4.77B 5.98%
10,663,300
-334,152
-3% -$141M
AMZN icon
2
Amazon
AMZN
$2.51T
$3.4B 4.26%
17,569,532
+404,840
+2% +$74.4M
GOOGL icon
3
Alphabet (Google) Class A
GOOGL
$3.89T
$2.62B 3.29%
14,383,891
-2,640,615
-16% -$445M
AAPL icon
4
Apple
AAPL
$4.72T
$2.19B 2.75%
10,421,017
+1,661,572
+19% +$310M
V icon
5
Visa
V
$669B
$1.4B 1.76%
5,351,591
-410,057
-7% -$112M
NSC icon
6
Norfolk Southern
NSC
$78.3B
$1.35B 1.7%
6,308,420
+709,706
+13% +$165M
ICE icon
7
Intercontinental Exchange
ICE
$81B
$1.32B 1.66%
9,671,041
+382,599
+4% +$51.4M
UNH icon
8
UnitedHealth
UNH
$385B
$1.28B 1.61%
2,517,221
+468,627
+23% +$230M
ACN icon
9
Accenture
ACN
$84.9B
$1.25B 1.57%
4,122,596
+325,568
+9% +$99.7M
AMAT icon
10
Applied Materials
AMAT
$447B
$1.19B 1.49%
5,046,819
-142,383
-3% -$30.6M
BAC icon
11
Bank of America
BAC
$430B
$1.17B 1.47%
29,543,976
-1,078,974
-4% -$41.4M
NVDA icon
12
NVIDIA
NVDA
$5.06T
$1.1B 1.38%
8,893,029
-528,311
-6% -$53.4M
AVGO icon
13
Broadcom
AVGO
$1.87T
$1B 1.26%
6,245,340
+1,008,020
+19% +$141M
TMO icon
14
Thermo Fisher Scientific
TMO
$213B
$999M 1.25%
1,807,055
-33,397
-2% -$19.1M
AON icon
15
Aon
AON
$76B
$960M 1.2%
3,269,540
-164,803
-5% -$48.7M
XOM icon
16
ExxonMobil
XOM
$650B
$901M 1.13%
7,827,340
+7,662,371
+4,645% +$892M
EXC icon
17
Exelon
EXC
$48.4B
$892M 1.12%
25,777,560
-5,702,561
-18% -$210M
CB icon
18
Chubb
CB
$137B
$862M 1.08%
3,378,941
-164,822
-5% -$42.3M
ADI icon
19
Analog Devices
ADI
$185B
$827M 1.04%
3,623,655
-978,323
-21% -$209M
DHR icon
20
Danaher
DHR
$135B
$794M 1%
3,179,609
-138,584
-4% -$35M
COP icon
21
ConocoPhillips
COP
$146B
$773M 0.97%
6,761,457
-246,554
-4% -$29.9M
ICLR icon
22
Icon
ICLR
$13.1B
$767M 0.96%
2,447,319
-147,240
-6% -$46.1M
WM icon
23
Waste Management
WM
$95.3B
$764M 0.96%
3,582,585
-257,176
-7% -$53.5M
APH icon
24
Amphenol
APH
$194B
$764M 0.96%
11,334,338
-2,629,586
-19% -$166M
TSM icon
25
TSMC
TSM
$2.16T
$754M 0.95%
4,340,261
-396,234
-8% -$60.1M
1
2 3 4 5

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Lazard Asset Management's Q2 2024 Portfolio in Review

As of Q2 2024, Lazard Asset Management held 2,483 positions worth $79.7B, down 3.1% from $82.3B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Lazard Asset Management withdrew a net $8.09B in Q2 2024, closing 192 positions and reducing 685 holdings. Its most notable exit was Pioneer Natural Resource Co., an estimated $206M position sold in full.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 23% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Lazard Asset Management opened a new position in Aspen Technology Inc worth $105M.

  • Lazard Asset Management's largest Q2 2024 buy was Aspen Technology Inc: 526,997 shares worth $105M.
  • Lazard Asset Management added most to ExxonMobil in Q2 2024, an estimated $892M increase.
  • Lazard Asset Management's biggest Q2 2024 reduction was Chevron, cutting an estimated $812M.
  • Lazard Asset Management fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $206M.
  • Lazard Asset Management's ten largest holdings make up 26% of its $79.7B portfolio in Q2 2024.
  • Lazard Asset Management opened 414 new positions and closed 192 in Q2 2024.
  • Lazard Asset Management's portfolio value fell 3.1% quarter-over-quarter to $79.7B.

Based on Lazard Asset Management's 13F filing for Q2 2024, filed 14 Aug 2024.