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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
-1.32%
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
$65.1B
AUM Growth
-$3.23B
(-4.7%)
Cap. Flow
-$6.27B
Cap. Flow
% of AUM
-9.63%
Top 10 Holdings %
Top 10 Hldgs %
24.01%
Holding
2,638
New
236
Increased
958
Reduced
794
Closed
308
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$365M |
| 2 |
Qualcomm
QCOM
|
+$297M |
| 3 |
Trane Technologies
TT
|
+$221M |
| 4 |
Salesforce
CRM
|
+$194M |
| 5 |
Equifax
EFX
|
+$161M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$582M |
| 2 |
Norfolk Southern
NSC
|
+$323M |
| 3 |
UnitedHealth
UNH
|
+$309M |
| 4 |
CVS Health
CVS
|
+$238M |
| 5 |
Honeywell
HON
|
+$235M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.37% |
| 2 | Financials | 15.12% |
| 3 | Healthcare | 11.44% |
| 4 | Industrials | 11.07% |
| 5 | Consumer Discretionary | 9.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.83T
| $2.94B | 4.52% |
7,834,373
-136,608
| -2% | -$55.7M |
|
|
2
Apple
AAPL
$4.72T
| $2.64B | 4.05% |
11,869,338
+1,574,824
| +15% | +$365M |
|
|
3
Amazon
AMZN
$2.51T
| $2.29B | 3.52% |
12,051,609
-2,683,108
| -18% | -$582M |
|
4
Visa
V
$669B
| $1.53B | 2.35% |
4,371,936
-328,416
| -7% | -$111M |
|
5
Alphabet (Google) Class A
GOOGL
$3.89T
| $1.3B | 2% |
8,421,886
+229
| +0% | +$41.5K |
|
6
Intercontinental Exchange
ICE
$81B
| $1.22B | 1.87% |
7,061,018
-1,141,852
| -14% | -$187M |
|
7
Exelon
EXC
$48.4B
| $1.02B | 1.57% |
22,243,429
-2,418,608
| -10% | -$101M |
|
8
Bank of America
BAC
$430B
| $1.02B | 1.57% |
24,529,380
-2,644,044
| -10% | -$118M |
|
9
Aon
AON
$76B
| $894M | 1.37% |
2,240,955
-96,219
| -4% | -$36.9M |
|
10
Thermo Fisher Scientific
TMO
$213B
| $775M | 1.19% |
1,557,847
+65,732
| +4% | +$35.6M |
|
11
ExxonMobil
XOM
$650B
| $758M | 1.16% |
6,376,663
-322,345
| -5% | -$35.6M |
|
12
TSMC
TSM
$2.16T
| $739M | 1.13% |
4,452,616
+188,104
| +4% | +$36.6M |
|
|
13
Norfolk Southern
NSC
$78.3B
| $731M | 1.12% |
3,087,570
-1,327,398
| -30% | -$323M |
|
14
Broadcom
AVGO
$1.87T
| $725M | 1.11% |
4,327,405
+235,759
| +6% | +$49.9M |
|
15
CSX Corp
CSX
$97.8B
| $719M | 1.1% |
24,417,268
+3,292,461
| +16% | +$105M |
|
16
American Electric Power
AEP
$73.4B
| $707M | 1.09% |
6,470,857
+54,383
| +0.8% | +$5.51M |
|
17
Waste Management
WM
$95.3B
| $704M | 1.08% |
3,042,437
-68,959
| -2% | -$15.3M |
|
|
18
UnitedHealth
UNH
$385B
| $660M | 1.01% |
1,259,687
-604,775
| -32% | -$309M |
|
19
Eli Lilly
LLY
$1.06T
| $644M | 0.99% |
779,893
+101,842
| +15% | +$84.7M |
|
20
Coca-Cola
KO
$349B
| $642M | 0.98% |
8,957,070
+73,366
| +0.8% | +$4.9M |
|
21
Boston Scientific
BSX
$64.8B
| $632M | 0.97% |
6,260,560
-217,673
| -3% | -$21.9M |
|
22
Danaher
DHR
$135B
| $616M | 0.95% |
3,004,657
+173,623
| +6% | +$37.9M |
|
23
Accenture
ACN
$84.9B
| $613M | 0.94% |
1,964,507
-570,889
| -23% | -$202M |
|
24
NVIDIA
NVDA
$5.06T
| $606M | 0.93% |
5,591,022
+240,819
| +5% | +$30.5M |
|
25
Analog Devices
ADI
$185B
| $590M | 0.91% |
2,925,061
-100,699
| -3% | -$21.8M |
|
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Lazard Asset Management's Q1 2025 Portfolio in Review
As of Q1 2025, Lazard Asset Management held 2,638 positions worth $65.1B, down 4.7% from $68.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $6.27B in Q1 2025, closing 308 positions and reducing 794 holdings. Its most notable exit was Church & Dwight Co, an estimated $9.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 26% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Lazard Asset Management opened a new position in ScottsMiracle-Gro worth $58.9M.
- Lazard Asset Management's largest Q1 2025 buy was ScottsMiracle-Gro: 1,072,791 shares worth $58.9M.
- Lazard Asset Management added most to Apple in Q1 2025, an estimated $365M increase.
- Lazard Asset Management's biggest Q1 2025 reduction was Amazon, cutting an estimated $582M.
- Lazard Asset Management fully exited Church & Dwight Co in Q1 2025, selling an estimated $9.4M.
- Lazard Asset Management's ten largest holdings make up 24% of its $65.1B portfolio in Q1 2025.
- Lazard Asset Management opened 236 new positions and closed 308 in Q1 2025.
- Lazard Asset Management's portfolio value fell 4.7% quarter-over-quarter to $65.1B.
Based on Lazard Asset Management's 13F filing for Q1 2025, filed 15 May 2025.