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Lazard
LAZ

198 hedge funds and large institutions have $2.12B invested in Lazard in 2023 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 68 increasing their positions, 70 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

152% more call options, than puts

Call options by funds: $8.04M | Put options by funds: $3.2M

2.37% more ownership

Funds ownership: 56.56% → 58.93% (+2.4%)

0% more capital invested

Capital invested by funds: $2.11B → $2.12B (+$10.4M)

3% less repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 70

6% less funds holding

Funds holding: 210 → 198 (-12)

38% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 32

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
198
Holders Change
-12
Holders Change %
-5.71%
% of All Funds
3.11%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
20
Increased
68
Reduced
70
Closed
32
Calls
$8.04M
Puts
$3.2M
Net Calls
+$4.84M
Net Calls Change
+$4.2M

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$111M
2
SG Americas Securities
SG Americas Securities
New York
+$18.3M
3
Alyeska Investment Group
Alyeska Investment Group
Illinois
+$17.7M
4
Deutsche Bank
Deutsche Bank
Germany
+$16.4M
5
UBS Group
UBS Group
Switzerland
+$14.7M

Top Sellers

1
RAM
RWC Asset Management
United Kingdom
-$26.1M
2
LSV Asset Management
LSV Asset Management
Illinois
-$22M
3
SAM
Southeastern Asset Management
Tennessee
-$16.2M
4
TAM
Todd Asset Management
Kentucky
-$12.3M
5
BGIM
Brandywine Global Investment Management
Pennsylvania
-$10.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$11.9M +$4.99M +161,383 +77%
Federated Hermes
27
Federated Hermes
Pennsylvania
$11M -$529K -17,117 -5%
Victory Capital Management
28
Victory Capital Management
Texas
$9.92M -$5.5K -178 -0.1%
P2P
29
Phase 2 Partners
California
$9.88M +$9.55M +308,813 New
Two Sigma Advisers
30
Two Sigma Advisers
New York
$9.67M -$5.29M -171,000 -36%
Invesco
31
Invesco
Georgia
$9.33M +$1.94M +62,885 +28%
Bank of New York Mellon
32
Bank of New York Mellon
New York
$9.03M +$974K +31,500 +13%
N
33
Nuveen
North Carolina
$7.95M +$721K +23,329 +10%
Barclays
34
Barclays
United Kingdom
$7.7M +$580K +18,766 +8%
Mackenzie Financial
35
Mackenzie Financial
Ontario, Canada
$7.01M +$89.9K +2,908 +1%
HSBC Holdings
36
HSBC Holdings
United Kingdom
$6.98M +$6.44M +208,295 +2,455%
WMSA
37
Weiss Multi-Strategy Advisers
New York
$6.88M +$6.65M +215,000 New
RAM
38
RWC Asset Management
United Kingdom
$6.64M -$26.1M -845,399 -80%
Principal Financial Group
39
Principal Financial Group
Iowa
$6.43M -$3.96K -128 -0.1%
BCM
40
Basswood Capital Management
New York
$6.41M +$6.2M +200,403 New
Qube Research & Technologies (QRT)
41
Qube Research & Technologies (QRT)
United Kingdom
$6.41M -$7.32M -236,759 -54%
California Public Employees Retirement System
42
California Public Employees Retirement System
California
$5.9M +$98K +3,171 +2%
FP
43
Foundry Partners
Minnesota
$5.71M +$432K +13,977 +9%
Citadel Advisors
44
Citadel Advisors
Florida
$5.57M -$767K -24,823 -12%
Swedbank
45
Swedbank
Sweden
$5.15M – – –
T. Rowe Price Associates
46
T. Rowe Price Associates
Maryland
$5.07M +$175K +5,655 +4%
JP Morgan Chase
47
JP Morgan Chase
New York
$4.77M -$6.61M -213,861 -59%
SOADOR
48
State of Alaska Department of Revenue
Alaska
$4.77M – – –
UBS AM
49
UBS AM
Illinois
$4.74M – – –
OKSA
50
O'Keefe Stevens Advisory
New York
$4.69M +$781K +25,263 +21%
1
2
3 4 5

LAZ Hedge Fund Activity: Q2 2023 in Review

198 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q2 2023, worth a combined $2.12B — up 0.49% from $2.11B a quarter earlier.

Sellers outnumbered buyers: 32 funds closed out of LAZ and 20 opened new positions — a net loss of 12 holders — while 70 trimmed existing stakes and 68 added.

The largest buyer was Morgan Stanley, adding an estimated $111M. The largest seller was RWC Asset Management, cutting an estimated $26.1M.

  • 198 institutional investors held Lazard (LAZ) as of Q2 2023, down from 210 in Q1 2023.
  • Funds reported $2.12B of Lazard stock for Q2 2023, up 0.49% quarter-over-quarter.
  • 20 funds opened new Lazard positions in Q2 2023 and 32 closed out, a net change of -12 holders.
  • The largest Lazard buyer in Q2 2023 was Morgan Stanley, an estimated $111M added.
  • The largest Lazard seller in Q2 2023 was RWC Asset Management, an estimated $26.1M sold.

Based on aggregated 13F filings for Q2 2023.