Lazard
335 hedge funds and large institutions have $4.95B invested in Lazard in 2018 Q1 according to their latest regulatory filings, with 51 funds opening new positions, 114 increasing their positions, 123 reducing their positions, and 31 closing their positions.
65% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 31
5% more funds holding
Funds holding: 320 → 335 (+15)
1% more capital invested
Capital invested by funds: $4.89B → $4.95B (+$60.5M)
0.71% more ownership
Funds ownership: 71.89% → 72.61% (+0.71%)
7% less repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 123
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
31% less call options, than puts
Call options by funds: $14.4M | Put options by funds: $20.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$101M |
| 2 |
Morgan Stanley
New York
|
+$70M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$55.5M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$52.3M |
| 5 |
Goldman Sachs
New York
|
+$49.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$146M |
| 2 |
Public Employees Retirement Association of Colorado
Denver,
Colorado
|
-$63.7M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$38.5M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
-$36.5M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$34.4M |
LAZ Hedge Fund Activity: Q1 2018 in Review
335 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q1 2018, worth a combined $4.95B — up 1.2% from $4.89B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new LAZ positions and 31 closed out — a net gain of 20 holders — while 114 added to existing stakes and 123 trimmed.
The largest buyer was Jennison Associates, opening a new position worth an estimated $101M. The largest seller was BlackRock, cutting an estimated $146M.
- 335 institutional investors held Lazard (LAZ) as of Q1 2018, up from 320 in Q4 2017.
- Funds reported $4.95B of Lazard stock for Q1 2018, up 1.2% quarter-over-quarter.
- 51 funds opened new Lazard positions in Q1 2018 and 31 closed out, a net change of +20 holders.
- The largest Lazard buyer in Q1 2018 was Jennison Associates, an estimated $101M added.
- The largest Lazard seller in Q1 2018 was BlackRock, an estimated $146M sold.
Based on aggregated 13F filings for Q1 2018.