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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
+9.6%
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
$72.7B
AUM Growth
+$7.54B
(+12%)
Cap. Flow
-$3.34B
Cap. Flow
% of AUM
-4.6%
Top 10 Holdings %
Top 10 Hldgs %
23.55%
Holding
2,585
New
253
Increased
940
Reduced
728
Closed
298
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Crown Castle
CCI
|
+$536M |
| 2 |
Procter & Gamble
PG
|
+$358M |
| 3 |
CSX Corp
CSX
|
+$303M |
| 4 |
NVIDIA
NVDA
|
+$186M |
| 5 |
Eli Lilly
LLY
|
+$185M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NetEase
NTES
|
+$370M |
| 2 |
American Electric Power
AEP
|
+$338M |
| 3 |
Alibaba
BABA
|
+$322M |
| 4 |
Prologis
PLD
|
+$307M |
| 5 |
HEICO Corp
HEI
|
+$287M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.03% |
| 2 | Financials | 13.75% |
| 3 | Industrials | 12.1% |
| 4 | Healthcare | 10.45% |
| 5 | Consumer Discretionary | 7.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.83T
| $3.79B | 5.21% |
7,614,015
-220,358
| -3% | -$95.7M |
|
2
Amazon
AMZN
$2.51T
| $2.51B | 3.46% |
11,452,354
-599,255
| -5% | -$119M |
|
3
Apple
AAPL
$4.72T
| $2.42B | 3.33% |
11,805,502
-63,836
| -0.5% | -$12.9M |
|
4
Alphabet (Google) Class A
GOOGL
$3.89T
| $1.44B | 1.98% |
8,151,497
-270,389
| -3% | -$44.3M |
|
5
Visa
V
$669B
| $1.28B | 1.76% |
3,605,699
-766,237
| -18% | -$267M |
|
6
Intercontinental Exchange
ICE
$81B
| $1.22B | 1.67% |
6,632,111
-428,907
| -6% | -$73.7M |
|
7
Broadcom
AVGO
$1.87T
| $1.19B | 1.64% |
4,324,215
-3,190
| -0.1% | -$693K |
|
|
8
CSX Corp
CSX
$97.8B
| $1.13B | 1.55% |
34,492,262
+10,074,994
| +41% | +$303M |
|
|
9
NVIDIA
NVDA
$5.06T
| $1.12B | 1.54% |
7,068,385
+1,477,363
| +26% | +$186M |
|
10
TSMC
TSM
$2.16T
| $1.02B | 1.41% |
4,518,466
+65,850
| +1% | +$12.2M |
|
11
Bank of America
BAC
$430B
| $929M | 1.28% |
19,641,855
-4,887,525
| -20% | -$206M |
|
|
12
Procter & Gamble
PG
$342B
| $877M | 1.21% |
5,504,749
+2,195,560
| +66% | +$358M |
|
13
Norfolk Southern
NSC
$78.3B
| $842M | 1.16% |
3,289,431
+201,861
| +7% | +$47.6M |
|
|
14
Eli Lilly
LLY
$1.06T
| $793M | 1.09% |
1,017,898
+238,005
| +31% | +$185M |
|
15
Exelon
EXC
$48.4B
| $733M | 1.01% |
16,891,609
-5,351,820
| -24% | -$238M |
|
16
Boston Scientific
BSX
$64.8B
| $712M | 0.98% |
6,632,760
+372,200
| +6% | +$37.7M |
|
17
Applied Materials
AMAT
$447B
| $681M | 0.94% |
3,717,354
+105,545
| +3% | +$16.7M |
|
18
ExxonMobil
XOM
$650B
| $674M | 0.93% |
6,247,877
-128,786
| -2% | -$13.8M |
|
19
Analog Devices
ADI
$185B
| $668M | 0.92% |
2,807,854
-117,207
| -4% | -$24.4M |
|
20
Rockwell Automation
ROK
$51.3B
| $662M | 0.91% |
1,992,020
-187,227
| -9% | -$53.3M |
|
21
Danaher
DHR
$135B
| $655M | 0.9% |
3,315,989
+311,332
| +10% | +$60.4M |
|
22
Aon
AON
$76B
| $650M | 0.9% |
1,822,886
-418,069
| -19% | -$151M |
|
23
Thermo Fisher Scientific
TMO
$213B
| $649M | 0.89% |
1,600,614
+42,767
| +3% | +$17.9M |
|
24
Amphenol
APH
$194B
| $644M | 0.89% |
6,526,129
-2,305,516
| -26% | -$189M |
|
|
SCHW
25
Charles Schwab
SCHW
$177B
| $629M | 0.87% |
6,889,739
-536,022
| -7% | -$44.9M |
|
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QCM
Lazard Asset Management's Q2 2025 Portfolio in Review
As of Q2 2025, Lazard Asset Management held 2,585 positions worth $72.7B, up 12% from $65.1B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Lazard Asset Management withdrew a net $3.34B in Q2 2025, closing 298 positions and reducing 728 holdings. Its most notable exit was Eastman Chemical, an estimated $13.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 24% a quarter earlier, followed by Financials and Industrials.
Against the trend, Lazard Asset Management opened a new position in Arcos Dorados Holdings worth $117M.
- Lazard Asset Management's largest Q2 2025 buy was Arcos Dorados Holdings: 14,873,278 shares worth $117M.
- Lazard Asset Management added most to Crown Castle in Q2 2025, an estimated $536M increase.
- Lazard Asset Management's biggest Q2 2025 reduction was NetEase, cutting an estimated $370M.
- Lazard Asset Management fully exited Eastman Chemical in Q2 2025, selling an estimated $13.1M.
- Lazard Asset Management's ten largest holdings make up 24% of its $72.7B portfolio in Q2 2025.
- Lazard Asset Management opened 253 new positions and closed 298 in Q2 2025.
- Lazard Asset Management's portfolio value rose 12% quarter-over-quarter to $72.7B.
Based on Lazard Asset Management's 13F filing for Q2 2025, filed 14 Aug 2025.