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278 hedge funds and large institutions have $4.62B invested in Lazard in 2015 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 113 increasing their positions, 104 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

455% more call options, than puts

Call options by funds: $46.3M | Put options by funds: $8.34M

7% more capital invested

Capital invested by funds: $4.3B → $4.62B (+$313M)

2.54% more ownership

Funds ownership: 76.71%79.25% (+2.5%)

9% more repeat investments, than reductions

Existing positions increased: 113 | Existing positions reduced: 104

0% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 35

0% less funds holding

Funds holding: 279278 (-1)

60% less funds holding in top 10

Funds holding in top 10: 52 (-3)

Holders
278
Holders Change
-1
Holders Change %
-0.36%
% of All Funds
7.29%
Holding in Top 10
2
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-60%
% of All Funds
0.05%
New
35
Increased
113
Reduced
104
Closed
35
Calls
$46.3M
Puts
$8.34M
Net Calls
+$38M
Net Calls Change
+$19.7M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
26
Bank of America
North Carolina
$52.6M +$4.98M +108,642 +10%
TA
27
Teachers Advisors
New York
$49.6M -$2.95M -64,466 -6%
Bank of New York Mellon
28
Bank of New York Mellon
New York
$46.5M -$57.9M -1,262,807 -55%
PC
29
Polar Capital
United Kingdom
$43.2M +$6.03M +131,725 +16%
VOYA Investment Management
30
VOYA Investment Management
Georgia
$39.2M +$2.69M +58,745 +7%
State of New Jersey Common Pension Fund D
31
State of New Jersey Common Pension Fund D
New Jersey
$38.7M
ClearBridge Investments
32
ClearBridge Investments
New York
$38M +$1.1M +23,904 +3%
PIM
33
Perkins Investment Management
Illinois
$37.5M +$38.2M +832,756 New
Northern Trust
34
Northern Trust
Illinois
$36.1M +$9.82M +214,360 +37%
Bank of Montreal
35
Bank of Montreal
Ontario, Canada
$34.6M +$33.6M +733,626 +2,100%
Geode Capital Management
36
Geode Capital Management
Massachusetts
$33.9M -$4.1M -89,523 -11%
CI Investments Inc
37
CI Investments Inc
Ontario, Canada
$32.3M +$17.3M +377,000 +110%
BNP Paribas Financial Markets
38
BNP Paribas Financial Markets
France
$31.7M +$32.2M +702,363 +76,761%
PA
39
Pinnacle Associates
New York
$31.5M +$12.6M +275,964 +65%
1832 Asset Management
40
1832 Asset Management
Ontario, Canada
$31.1M -$17.3M -377,145 -35%
Two Sigma Investments
41
Two Sigma Investments
New York
$30.9M +$2.87M +62,576 +10%
RA
42
Royce & Associates
New York
$29.9M -$3.87M -84,520 -11%
T. Rowe Price Associates
43
T. Rowe Price Associates
Maryland
$29.7M -$25.8M -563,726 -46%
HP
44
Hosking Partners
United Kingdom
$29.5M +$389K +8,491 +1%
BNP Paribas Asset Management
45
BNP Paribas Asset Management
France
$29.2M +$5.55M +121,089 +23%
AII
46
AGF Investments Inc
Ontario, Canada
$28.6M +$4.26M +93,057 +17%
Ameriprise
47
Ameriprise
Minnesota
$28.1M +$2.35M +51,333 +9%
RIM
48
Rainier Investment Management
Washington
$26.1M +$26.6M +579,590 New
EVM
49
Eaton Vance Management
Massachusetts
$26M -$2.68M -58,427 -9%
UBS Group
50
UBS Group
Switzerland
$25.6M -$243K -5,306 -0.9%

LAZ Hedge Fund Activity: Q4 2015 in Review

278 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q4 2015, worth a combined $4.62B — up 7.3% from $4.3B a quarter earlier.

Fund positioning in LAZ was balanced in Q4 2015: 35 funds opened new positions, 35 closed out, 113 added to existing stakes and 104 trimmed.

The largest buyer was William Blair Investment Management, opening a new position worth an estimated $104M. The largest seller was Capital Growth Management, cutting an estimated $64.8M.

  • 278 institutional investors held Lazard (LAZ) as of Q4 2015, down from 279 in Q3 2015.
  • Funds reported $4.62B of Lazard stock for Q4 2015, up 7.3% quarter-over-quarter.
  • 35 funds opened new Lazard positions in Q4 2015 and 35 closed out, a net change of 0 holders.
  • The largest Lazard buyer in Q4 2015 was William Blair Investment Management, an estimated $104M added.
  • The largest Lazard seller in Q4 2015 was Capital Growth Management, an estimated $64.8M sold.

Based on aggregated 13F filings for Q4 2015.