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286 hedge funds and large institutions have $5B invested in Lazard in 2014 Q3 according to their latest regulatory filings, with 38 funds opening new positions, 121 increasing their positions, 95 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 29

27% more repeat investments, than reductions

Existing positions increased: 121 | Existing positions reduced: 95

2% more funds holding

Funds holding: 281286 (+5)

0.54% less ownership

Funds ownership: 76.55%76.02% (-0.54%)

3% less capital invested

Capital invested by funds: $5.13B → $5B (-$131M)

41% less call options, than puts

Call options by funds: $6.21M | Put options by funds: $10.4M

45% less funds holding in top 10

Funds holding in top 10: 116 (-5)

Holders
286
Holders Change
+5
Holders Change %
+1.78%
% of All Funds
8.3%
Holding in Top 10
6
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-45.45%
% of All Funds
0.17%
New
38
Increased
121
Reduced
95
Closed
29
Calls
$6.21M
Puts
$10.4M
Net Calls
-$4.24M
Net Calls Change
-$3.32M
Name Holding Trade Value Shares
Change
Change in
Stake
CIP
26
Chartwell Investment Partners
Pennsylvania
$44.1M +$12.8M +243,500 +39%
Thrivent Financial for Lutherans
27
Thrivent Financial for Lutherans
Minnesota
$43.4M +$1.32M +25,150 +3%
Franklin Resources
28
Franklin Resources
California
$42.3M -$217K -4,137 -0.5%
BFA
29
BlackRock Fund Advisors
California
$40.8M +$1.01M +19,351 +2%
LPU
30
Lansdowne Partners (UK)
United Kingdom
$38.4M -$5.88M -112,119 -13%
ClearBridge Investments
31
ClearBridge Investments
New York
$36.7M +$934K +17,823 +3%
RIM
32
Rainier Investment Management
Washington
$36.2M -$6.14M -117,250 -14%
GTP
33
Global Thematic Partners
New York
$35.2M -$887K -16,925 -2%
Marshall Wace
34
Marshall Wace
United Kingdom
$34.8M -$40.8M -777,962 -53%
CIC
35
Chilton Investment Company
Connecticut
$31.4M -$2M -38,212 -6%
N
36
Nuveen
North Carolina
$25.2M +$1.04M +19,838 +4%
Renaissance Technologies
37
Renaissance Technologies
New York
$24.7M +$17.7M +337,400 +224%
California Public Employees Retirement System
38
California Public Employees Retirement System
California
$23.6M +$6.05M +115,496 +33%
FQ
39
First Quadrant
California
$23.1M +$18.4M +351,000 +335%
AIM
40
Artemis Investment Management
United Kingdom
$22.8M +$23.5M +449,145 New
Public Employees Retirement Association of Colorado
41
Public Employees Retirement Association of Colorado
Colorado
$22.7M +$23.3M +443,862 +10,941%
CCM
42
Channing Capital Management
Illinois
$22.7M -$1.35M -25,736 -5%
HCS
43
Harvest Capital Strategies
California
$21.8M +$1.06M +20,250 +5%
PA
44
Pinnacle Associates
New York
$21.8M -$1.04M -19,825 -4%
TAM
45
Todd Asset Management
Kentucky
$21.6M +$5.34M +101,954 +31%
BTS
46
BB&T Securities
Virginia
$21.5M +$360K +6,870 +19%
DekaBank Deutsche Girozentrale
47
DekaBank Deutsche Girozentrale
Germany
$20.9M +$816K +15,563 +4%
TRSOTSOK
48
Teachers Retirement System of the State of Kentucky
Kentucky
$20.4M +$4.72M +90,000 +29%
Two Sigma Investments
49
Two Sigma Investments
New York
$20.1M +$5.87M +111,967 +39%
HJMC
50
Hellman Jordan Management Company
Massachusetts
$18.8M -$2.1M -40,000 -10%

LAZ Hedge Fund Activity: Q3 2014 in Review

286 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q3 2014, worth a combined $5B — down 2.6% from $5.13B a quarter earlier.

Buyers outnumbered sellers: 38 funds opened new LAZ positions and 29 closed out — a net gain of 9 holders — while 121 added to existing stakes and 95 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $66.2M. The largest seller was Neuberger Berman Group, cutting an estimated $138M.

  • 286 institutional investors held Lazard (LAZ) as of Q3 2014, up from 281 in Q2 2014.
  • Funds reported $5B of Lazard stock for Q3 2014, down 2.6% quarter-over-quarter.
  • 38 funds opened new Lazard positions in Q3 2014 and 29 closed out, a net change of +9 holders.
  • The largest Lazard buyer in Q3 2014 was Fidelity Investments, an estimated $66.2M added.
  • The largest Lazard seller in Q3 2014 was Neuberger Berman Group, an estimated $138M sold.

Based on aggregated 13F filings for Q3 2014.