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Lazard
LAZ

229 hedge funds and large institutions have $2.96B invested in Lazard in 2024 Q1 according to their latest regulatory filings, with 97 funds opening new positions, 56 increasing their positions, 47 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

237% more call options, than puts

Call options by funds: $16.4M | Put options by funds: $4.86M

203% more first-time investments, than exits

New positions opened: 97 | Existing positions closed: 32

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

40% more funds holding

Funds holding: 164 → 229 (+65)

28% more capital invested

Capital invested by funds: $2.3B → $2.96B (+$652M)

19% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 47

4.38% more ownership

Funds ownership: 58.25% → 62.63% (+4.4%)

Holders
229
Holders Change
+65
Holders Change %
+39.63%
% of All Funds
3.3%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
97
Increased
56
Reduced
47
Closed
32
Calls
$16.4M
Puts
$4.86M
Net Calls
+$11.5M
Net Calls Change
-$8.18M

Top Buyers

1
BlackRock
BlackRock
New York
+$111M
2
Principal Financial Group
Principal Financial Group
Iowa
+$69.2M
3
Janus Henderson Group
Janus Henderson Group
United Kingdom
+$61.1M
4
Alyeska Investment Group
Alyeska Investment Group
Illinois
+$36.7M
5
Federated Hermes
Federated Hermes
Pennsylvania
+$23.7M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$153M
2
Charles Schwab
Charles Schwab
California
-$67.7M
3
Deutsche Bank
Deutsche Bank
Germany
-$49.4M
4
State Street
State Street
Massachusetts
-$22M
5
HSBC Holdings
HSBC Holdings
United Kingdom
-$18.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$19.3M +$14M +360,405 +361%
JP Morgan Chase
27
JP Morgan Chase
New York
$19.1M +$4.27M +109,532 +32%
Ameriprise
28
Ameriprise
Minnesota
$18.2M +$16.9M +433,893 New
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$17.4M +$11.2M +288,275 +225%
Dimensional Fund Advisors
30
Dimensional Fund Advisors
Texas
$16.9M -$472K -12,114 -3%
Holocene Advisors
31
Holocene Advisors
New York
$16.8M +$15.6M +401,688 New
MIIM
32
Mesirow Institutional Investment Management
Illinois
$15.8M +$14.7M +376,588 New
CIC
33
Crawford Investment Counsel
Georgia
$13.9M +$12.9M +331,420 New
Qube Research & Technologies (QRT)
34
Qube Research & Technologies (QRT)
United Kingdom
$13.3M +$12.4M +318,762 New
Citigroup
35
Citigroup
New York
$13.3M -$637K -16,350 -5%
PCM
36
Penn Capital Management
Pennsylvania
$12.7M +$11.8M +303,211 New
Envestnet Asset Management
37
Envestnet Asset Management
Illinois
$12.7M +$11.8M +302,746 New
Millennium Management
38
Millennium Management
New York
$11M +$10.2M +262,919 New
BNP Paribas Financial Markets
39
BNP Paribas Financial Markets
France
$11M +$6.41M +164,591 +169%
New York State Common Retirement Fund
40
New York State Common Retirement Fund
New York
$10.6M +$6.57M +168,564 +197%
Bank of New York Mellon
41
Bank of New York Mellon
New York
$10.4M -$1.78M -45,609 -16%
OKSA
42
O'Keefe Stevens Advisory
New York
$8.56M +$33.7K +864 +0.4%
UBS Group
43
UBS Group
Switzerland
$8.43M -$6.2M -159,263 -44%
CIC
44
Chilton Investment Company
Connecticut
$8.28M +$7.7M +197,637 New
PCM
45
Prana Capital Management
Connecticut
$8.06M +$7.5M +192,581 New
California Public Employees Retirement System
46
California Public Employees Retirement System
California
$7.83M +$106K +2,718 +1%
SWP
47
Strategic Wealth Partners
Ohio
$7.62M +$687K +17,626 +11%
CAG
48
Crestwood Advisors Group
Massachusetts
$7.49M +$1.5M +38,545 +27%
Swedbank
49
Swedbank
Sweden
$6.73M – – –
Jane Street
50
Jane Street
New York
$6.28M +$1.77M +45,370 +43%
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LAZ Hedge Fund Activity: Q1 2024 in Review

229 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q1 2024, worth a combined $2.96B — up 28% from $2.3B a quarter earlier.

Buyers outnumbered sellers: 97 funds opened new LAZ positions and 32 closed out — a net gain of 65 holders — while 56 added to existing stakes and 47 trimmed.

The largest buyer was BlackRock, adding an estimated $111M. The largest seller was Morgan Stanley, cutting an estimated $153M.

  • 229 institutional investors held Lazard (LAZ) as of Q1 2024, up from 164 in Q4 2023.
  • Funds reported $2.96B of Lazard stock for Q1 2024, up 28% quarter-over-quarter.
  • 97 funds opened new Lazard positions in Q1 2024 and 32 closed out, a net change of +65 holders.
  • The largest Lazard buyer in Q1 2024 was BlackRock, an estimated $111M added.
  • The largest Lazard seller in Q1 2024 was Morgan Stanley, an estimated $153M sold.

Based on aggregated 13F filings for Q1 2024.