We are live on ! Find out more
LAZ icon

Lazard
LAZ

195 hedge funds and large institutions have $3.6B invested in Lazard in 2013 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 71 increasing their positions, 69 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more call options, than puts

Call options by funds: $10.4M | Put options by funds: $4.83M

100% more funds holding in top 10

Funds holding in top 10: 3 → 6 (+3)

18% more capital invested

Capital invested by funds: $3.05B → $3.6B (+$544M)

3.15% more ownership

Funds ownership: 74.66% → 77.82% (+3.2%)

3% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 69

0% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 31

1% less funds holding

Funds holding: 196 → 195 (-1)

Holders
195
Holders Change
-1
Holders Change %
-0.51%
% of All Funds
6.32%
Holding in Top 10
6
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+100%
% of All Funds
0.19%
New
31
Increased
71
Reduced
69
Closed
31
Calls
$10.4M
Puts
$4.83M
Net Calls
+$5.53M
Net Calls Change
+$3.73M

Top Buyers

1
N
Natixis
France
+$248M
2
CS
Credit Suisse
Switzerland
+$43.3M
3
Deutsche Bank
Deutsche Bank
Germany
+$23M
4
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$22.9M
5
PC
Polar Capital
United Kingdom
+$21.2M

Top Sellers

1
Goldman Sachs
Goldman Sachs
New York
-$86.3M
2
Westfield Capital Management
Westfield Capital Management
Massachusetts
-$58.6M
3
CRM
Cramer Rosenthal McGlynn
Connecticut
-$35.5M
4
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$16.5M
5
AIM
abrdn Investment Management
United Kingdom
-$14M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$31.3M +$1.57M +44,295 +5%
PIM
27
Perkins Investment Management
Illinois
$30.6M +$2.42M +68,200 +9%
ClearBridge Investments
28
ClearBridge Investments
New York
$30.2M +$19.6K +551 +0.1%
BFA
29
BlackRock Fund Advisors
California
$28.4M +$771K +21,736 +3%
WHG
30
Westwood Holdings Group
Texas
$28.4M -$13M -365,686 -32%
Morgan Stanley
31
Morgan Stanley
New York
$28.3M -$7.21M -203,080 -21%
Thrivent Financial for Lutherans
32
Thrivent Financial for Lutherans
Minnesota
$27.8M +$287K +8,100 +1%
TA
33
Teachers Advisors
New York
$26.7M +$1.41M +39,757 +6%
EVM
34
Eaton Vance Management
Massachusetts
$25.1M -$1.67M -47,134 -6%
HCS
35
Harvest Capital Strategies
California
$20.2M +$3.02M +85,000 +18%
Calamos Advisors
36
Calamos Advisors
Illinois
$20.1M -$750K -21,125 -4%
PA
37
Pinnacle Associates
New York
$19.2M +$505K +14,224 +3%
1832 Asset Management
38
1832 Asset Management
Ontario, Canada
$18.6M +$5.01M +141,302 +38%
Wellington Management Group
39
Wellington Management Group
Massachusetts
$18.3M +$18M +508,110 New
Invesco
40
Invesco
Georgia
$18M +$3.59M +101,207 +25%
Ameriprise
41
Ameriprise
Minnesota
$17.6M -$985K -27,755 -5%
CCM
42
Channing Capital Management
Illinois
$17M -$35K -986 -0.2%
CIP
43
Chartwell Investment Partners
Pennsylvania
$16.5M +$8.31M +234,075 +104%
MCM
44
Maltese Capital Management
New York
$15.7M +$4.13M +116,400 +36%
TCIM
45
TIAA CREF Investment Management
New York
$15.4M +$3.39M +95,568 +29%
TAM
46
Tocqueville Asset Management
New York
$14.2M +$4.45M +125,540 +47%
Citigroup
47
Citigroup
New York
$14.2M +$13.2M +371,433 +1,680%
TAM
48
Todd Asset Management
Kentucky
$11.7M +$7.31K +206 +0.1%
TRSOTSOK
49
Teachers Retirement System of the State of Kentucky
Kentucky
$11.6M – – –
Bank of New York Mellon
50
Bank of New York Mellon
New York
$11M -$3.69M -104,035 -25%
1
2
3 4 5

LAZ Hedge Fund Activity: Q3 2013 in Review

195 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q3 2013, worth a combined $3.6B — up 18% from $3.05B a quarter earlier.

Fund positioning in LAZ was balanced in Q3 2013: 31 funds opened new positions, 31 closed out, 71 added to existing stakes and 69 trimmed.

The largest buyer was Natixis, opening a new position worth an estimated $248M. The largest seller was Goldman Sachs, cutting an estimated $86.3M.

  • 195 institutional investors held Lazard (LAZ) as of Q3 2013, down from 196 in Q2 2013.
  • Funds reported $3.6B of Lazard stock for Q3 2013, up 18% quarter-over-quarter.
  • 31 funds opened new Lazard positions in Q3 2013 and 31 closed out, a net change of 0 holders.
  • The largest Lazard buyer in Q3 2013 was Natixis, an estimated $248M added.
  • The largest Lazard seller in Q3 2013 was Goldman Sachs, an estimated $86.3M sold.

Based on aggregated 13F filings for Q3 2013.