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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
+7.32%
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
$74.3B
AUM Growth
+$1.61B
Cap. Flow
-$1.32B
Cap. Flow %
-1.78%
Top 10 Hldgs %
25.59%
Holding
2,417
New
206
Increased
783
Reduced
558
Closed
621

Top Buys

Rank Stock Value
1
FER icon
Ferrovial N.V. Ordinary Shares
FER
+$1.2B
2
AMT icon
American Tower
AMT
+$886M
3
CNI icon
Canadian National Railway
CNI
+$864M
4
ED icon
Consolidated Edison
ED
+$598M
5
LIN icon
Linde
LIN
+$452M

Top Sells

Rank Stock Value
1
NSC icon
Norfolk Southern
NSC
+$913M
2
AEP icon
American Electric Power
AEP
+$318M
3
WIX icon
WIX.com
WIX
+$217M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$210M
5
AON icon
Aon
AON
+$203M

Sector Composition

Rank Sector Weight
1 Technology 29.74%
2 Industrials 14.13%
3 Financials 13.78%
4 Healthcare 10.58%
5 Consumer Discretionary 8.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.83T
$3.94B 5.3%
7,606,278
-7,737
-0.1% -$3.95M
AAPL icon
2
Apple
AAPL
$4.72T
$3.08B 4.15%
12,113,366
+307,864
+3% +$69.5M
AMZN icon
3
Amazon
AMZN
$2.51T
$2.55B 3.43%
11,607,864
+155,510
+1% +$35.2M
GOOGL icon
4
Alphabet (Google) Class A
GOOGL
$3.89T
$1.74B 2.34%
7,146,562
-1,004,935
-12% -$210M
NVDA icon
5
NVIDIA
NVDA
$5.06T
$1.51B 2.03%
8,082,648
+1,014,263
+14% +$177M
AVGO icon
6
Broadcom
AVGO
$1.87T
$1.35B 1.81%
4,079,119
-245,096
-6% -$75.2M
TSM icon
7
TSMC
TSM
$2.16T
$1.27B 1.71%
4,558,569
+40,103
+0.9% +$9.81M
FER icon
8
Ferrovial N.V. Ordinary Shares
FER
$45.3B
$1.26B 1.69%
22,199,974
+22,199,919
+40,363,489% +$1.2B
V icon
9
Visa
V
$669B
$1.23B 1.66%
3,603,970
-1,729
-0% -$598K
CSX icon
10
CSX Corp
CSX
$97.8B
$1.09B 1.47%
30,690,116
-3,802,146
-11% -$130M
ICE icon
11
Intercontinental Exchange
ICE
$81B
$1.08B 1.45%
6,397,796
-234,315
-4% -$41.9M
BAC icon
12
Bank of America
BAC
$430B
$1.02B 1.37%
19,702,392
+60,537
+0.3% +$2.95M
EXC icon
13
Exelon
EXC
$48.4B
$1.01B 1.36%
22,446,103
+5,554,494
+33% +$244M
PG icon
14
Procter & Gamble
PG
$342B
$923M 1.24%
6,007,605
+502,856
+9% +$78.5M
AMT icon
15
American Tower
AMT
$76.7B
$859M 1.16%
4,464,382
+4,250,242
+1,985% +$886M
CNI icon
16
Canadian National Railway
CNI
$79.2B
$844M 1.14%
8,955,711
+8,954,310
+639,137% +$864M
LLY icon
17
Eli Lilly
LLY
$1.06T
$827M 1.11%
1,083,948
+66,050
+6% +$49.2M
TMO icon
18
Thermo Fisher Scientific
TMO
$213B
$768M 1.03%
1,582,872
-17,742
-1% -$8.26M
APH icon
19
Amphenol
APH
$194B
$765M 1.03%
6,184,592
-341,537
-5% -$37.5M
ADI icon
20
Analog Devices
ADI
$185B
$678M 0.91%
2,759,919
-47,935
-2% -$11.5M
GOOG icon
21
Alphabet (Google) Class C
GOOG
$3.89T
$660M 0.89%
2,709,744
+561,243
+26% +$118M
BSX icon
22
Boston Scientific
BSX
$64.8B
$656M 0.88%
6,719,769
+87,009
+1% +$9.01M
XOM icon
23
ExxonMobil
XOM
$650B
$655M 0.88%
5,812,338
-435,539
-7% -$48.4M
DHR icon
24
Danaher
DHR
$135B
$654M 0.88%
3,296,709
-19,280
-0.6% -$3.84M
SCHW
25
Charles Schwab
SCHW
$177B
$624M 0.84%
6,533,016
-356,723
-5% -$33.9M
1
2 3 4 5

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Lazard Asset Management's Q3 2025 Portfolio in Review

As of Q3 2025, Lazard Asset Management held 2,417 positions worth $74.3B, up 2.2% from $72.7B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Lazard Asset Management's Q3 2025 filing shows 206 new, 783 increased, 558 reduced and 621 closed positions. Its largest new stake was Linde: 954,064 shares worth $453M. The largest sale was Norfolk Southern, an estimated $913M.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Industrials and Financials.

  • Lazard Asset Management's largest Q3 2025 buy was Linde: 954,064 shares worth $453M.
  • Lazard Asset Management added most to Ferrovial N.V. Ordinary Shares in Q3 2025, an estimated $1.2B increase.
  • Lazard Asset Management's biggest Q3 2025 reduction was Norfolk Southern, cutting an estimated $913M.
  • Lazard Asset Management fully exited Eversource Energy in Q3 2025, selling an estimated $171M.
  • Lazard Asset Management's ten largest holdings make up 26% of its $74.3B portfolio in Q3 2025.
  • Lazard Asset Management opened 206 new positions and closed 621 in Q3 2025.
  • Lazard Asset Management's portfolio value rose 2.2% quarter-over-quarter to $74.3B.

Based on Lazard Asset Management's 13F filing for Q3 2025, filed 14 Nov 2025.