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Lazard
LAZ

210 hedge funds and large institutions have $2.11B invested in Lazard in 2023 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 73 increasing their positions, 74 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 19

7% more call options, than puts

Call options by funds: $9.63M | Put options by funds: $8.98M

0% more funds holding

Funds holding: 210 → 210 (0)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.87% less ownership

Funds ownership: 57.43% → 56.56% (-0.87%)

1% less repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 74

5% less capital invested

Capital invested by funds: $2.21B → $2.11B (-$101M)

Holders
210
Holders Change
–
Holders Change %
0%
% of All Funds
3.35%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
21
Increased
73
Reduced
74
Closed
19
Calls
$9.63M
Puts
$8.98M
Net Calls
+$646K
Net Calls Change
+$13.2M

Top Buyers

1
ICM
Invenomic Capital Management
Massachusetts
+$12.5M
2
Victory Capital Management
Victory Capital Management
Texas
+$11M
3
JP Morgan Chase
JP Morgan Chase
New York
+$8.44M
4
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$7.8M
5
Citadel Advisors
Citadel Advisors
Florida
+$6.77M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$18.1M
2
AI
Ariel Investments
Illinois
-$12.1M
3
LSV Asset Management
LSV Asset Management
Illinois
-$10.3M
4
SAM
Southeastern Asset Management
Tennessee
-$10M
5
Two Sigma Investments
Two Sigma Investments
New York
-$8.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
ICM
26
Invenomic Capital Management
Massachusetts
$11.2M +$12.5M +339,048 New
TRSOTSOK
27
Teachers Retirement System of the State of Kentucky
Kentucky
$11.2M +$77.5K +2,100 +0.6%
BGIM
28
Brandywine Global Investment Management
Pennsylvania
$10.7M +$2.72M +73,613 +30%
Victory Capital Management
29
Victory Capital Management
Texas
$10.3M +$11M +297,808 +2,424%
PAM
30
Panagora Asset Management
Massachusetts
$10.1M +$1.65M +44,776 +17%
Bank of New York Mellon
31
Bank of New York Mellon
New York
$8.3M -$1.02M -27,622 -10%
Invesco
32
Invesco
Georgia
$7.57M -$5.6M -151,909 -40%
Two Sigma Investments
33
Two Sigma Investments
New York
$7.54M -$8.58M -232,443 -51%
N
34
Nuveen
North Carolina
$7.45M -$673K -18,242 -7%
Barclays
35
Barclays
United Kingdom
$7.35M -$2.36M -63,917 -22%
Mackenzie Financial
36
Mackenzie Financial
Ontario, Canada
$7M +$7.8M +211,300 New
Bank of America
37
Bank of America
North Carolina
$6.93M +$3.32M +90,002 +75%
Principal Financial Group
38
Principal Financial Group
Iowa
$6.66M +$42.1K +1,142 +0.6%
Citadel Advisors
39
Citadel Advisors
Florida
$6.58M +$6.77M +183,499 +1,196%
HP
40
Hosking Partners
United Kingdom
$6.27M -$3.78M -102,389 -35%
California Public Employees Retirement System
41
California Public Employees Retirement System
California
$6M -$1.73M -47,023 -21%
Susquehanna International Group
42
Susquehanna International Group
Pennsylvania
$5.65M +$3.35M +90,809 +114%
FP
43
Foundry Partners
Minnesota
$5.44M +$317K +8,596 +6%
Swedbank
44
Swedbank
Sweden
$5.32M – – –
T. Rowe Price Associates
45
T. Rowe Price Associates
Maryland
$5.05M -$630K -17,088 -10%
SO
46
STRS Ohio
Ohio
$4.94M +$1.45M +39,265 +36%
SOADOR
47
State of Alaska Department of Revenue
Alaska
$4.94M – – –
UBS AM
48
UBS AM
Illinois
$4.74M +$594K +16,100 +13%
Deutsche Bank
49
Deutsche Bank
Germany
$4.44M +$2.82M +76,561 +133%
OKSA
50
O'Keefe Stevens Advisory
New York
$4.02M +$109K +2,951 +2%
1
2
3 4 5

LAZ Hedge Fund Activity: Q1 2023 in Review

210 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q1 2023, worth a combined $2.11B — down 4.6% from $2.21B a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new LAZ positions and 19 closed out — a net gain of 2 holders — while 73 added to existing stakes and 74 trimmed.

The largest buyer was Invenomic Capital Management, opening a new position worth an estimated $12.5M. The largest seller was Morgan Stanley, cutting an estimated $18.1M.

  • 210 institutional investors held Lazard (LAZ) as of Q1 2023, unchanged from Q4 2022.
  • Funds reported $2.11B of Lazard stock for Q1 2023, down 4.6% quarter-over-quarter.
  • 21 funds opened new Lazard positions in Q1 2023 and 19 closed out, a net change of +2 holders.
  • The largest Lazard buyer in Q1 2023 was Invenomic Capital Management, an estimated $12.5M added.
  • The largest Lazard seller in Q1 2023 was Morgan Stanley, an estimated $18.1M sold.

Based on aggregated 13F filings for Q1 2023.