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Lazard
LAZ

245 hedge funds and large institutions have $3.34B invested in Lazard in 2019 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 67 increasing their positions, 97 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more call options, than puts

Call options by funds: $8.94M | Put options by funds: $3.84M

41% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 29

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

12% more capital invested

Capital invested by funds: $2.97B → $3.34B (+$368M)

2% more funds holding

Funds holding: 241 → 245 (+4)

0.1% more ownership

Funds ownership: 79.44% → 79.54% (+0.1%)

31% less repeat investments, than reductions

Existing positions increased: 67 | Existing positions reduced: 97

Holders
245
Holders Change
+4
Holders Change %
+1.66%
% of All Funds
4.83%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.08%
New
41
Increased
67
Reduced
97
Closed
29
Calls
$8.94M
Puts
$3.84M
Net Calls
+$5.09M
Net Calls Change
+$6.18M

Top Buyers

1
SAM
Southeastern Asset Management
Tennessee
+$29.3M
2
Morgan Stanley
Morgan Stanley
New York
+$20.6M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$12.2M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$11.6M
5
CS
Credit Suisse
Switzerland
+$11.1M

Top Sellers

1
Vanguard Group
Vanguard Group
Pennsylvania
-$51.8M
2
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
-$16.7M
3
AI
Ariel Investments
Illinois
-$16.5M
4
Fisher Asset Management
Fisher Asset Management
Washington
-$16.2M
5
Geode Capital Management
Geode Capital Management
Massachusetts
-$15.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Northern Trust
26
Northern Trust
Illinois
$19.1M -$1.54M -40,781 -8%
PA
27
Pinnacle Associates
New York
$18.1M -$1.86M -49,339 -10%
CS
28
Credit Suisse
Switzerland
$18.1M +$11.1M +292,977 +185%
TAM
29
Todd Asset Management
Kentucky
$17.2M -$120K -3,186 -0.7%
Federated Hermes
30
Federated Hermes
Pennsylvania
$17M +$6.37M +168,604 +65%
Two Sigma Investments
31
Two Sigma Investments
New York
$16.7M -$6.04M -159,945 -28%
RJA
32
Raymond James & Associates
Florida
$15.8M -$1.16M -30,657 -7%
Hotchkis & Wiley Capital Management
33
Hotchkis & Wiley Capital Management
California
$15.6M -$16.7M -440,850 -53%
Goldman Sachs
34
Goldman Sachs
New York
$15.5M -$348K -9,204 -2%
Public Sector Pension Investment Board (PSP Investments)
35
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$13.5M +$5.87M +155,400 +85%
Bank of New York Mellon
36
Bank of New York Mellon
New York
$12.2M -$462K -12,242 -4%
TRSOTSOK
37
Teachers Retirement System of the State of Kentucky
Kentucky
$12.2M – – –
EIP
38
Epoch Investment Partners
New York
$10.6M +$10M +265,117 New
LIM
39
Lathrop Investment Management
Arkansas
$10.5M +$4.38K +116 +0%
Barclays
40
Barclays
United Kingdom
$10.2M +$5.81M +153,856 +152%
HA
41
H2O AM
United Kingdom
$9.94M -$2.57M -68,146 -22%
First Trust Advisors
42
First Trust Advisors
Illinois
$9.8M -$10.9M -287,779 -54%
California Public Employees Retirement System
43
California Public Employees Retirement System
California
$9.48M -$1.87M -49,397 -17%
MHI
44
Miller Howard Investments
New York
$9.31M – – –
MSE
45
MUFG Securities EMEA
United Kingdom
$9.07M +$8.57M +227,000 New
N
46
Nuveen
North Carolina
$8.96M -$12M -318,240 -59%
Ensign Peak Advisors
47
Ensign Peak Advisors
Utah
$8.42M +$7.96M +210,663 New
VCAM
48
Van Cleef Asset Management
Ohio
$8.36M -$63.2K -1,673 -0.8%
Wells Fargo
49
Wells Fargo
California
$8.06M -$2.3M -60,762 -23%
New York State Common Retirement Fund
50
New York State Common Retirement Fund
New York
$7.32M -$193K -5,100 -3%
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LAZ Hedge Fund Activity: Q4 2019 in Review

245 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q4 2019, worth a combined $3.34B — up 12% from $2.97B a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new LAZ positions and 29 closed out — a net gain of 12 holders — while 67 added to existing stakes and 97 trimmed.

The largest buyer was Southeastern Asset Management, adding an estimated $29.3M. The largest seller was Vanguard Group, cutting an estimated $51.8M.

  • 245 institutional investors held Lazard (LAZ) as of Q4 2019, up from 241 in Q3 2019.
  • Funds reported $3.34B of Lazard stock for Q4 2019, up 12% quarter-over-quarter.
  • 41 funds opened new Lazard positions in Q4 2019 and 29 closed out, a net change of +12 holders.
  • The largest Lazard buyer in Q4 2019 was Southeastern Asset Management, an estimated $29.3M added.
  • The largest Lazard seller in Q4 2019 was Vanguard Group, an estimated $51.8M sold.

Based on aggregated 13F filings for Q4 2019.