Lazard
279 hedge funds and large institutions have $4.3B invested in Lazard in 2015 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 127 increasing their positions, 99 reducing their positions, and 39 closing their positions.
70% more call options, than puts
Call options by funds: $44.5M | Put options by funds: $26.2M
28% more repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 99
3.01% less ownership
Funds ownership: 79.71% → 76.71% (-3%)
4% less funds holding
Funds holding: 290 → 279 (-11)
23% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 39
26% less capital invested
Capital invested by funds: $5.79B → $4.3B (-$1.49B)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM Investment Management
Laguna Beach,
California
|
+$70.7M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$57.3M |
| 3 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$33.5M |
| 4 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
+$31.7M |
| 5 |
SO
STRS Ohio
Columbus,
Ohio
|
+$27.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HL
Harding Loevner
Bridgewater,
New Jersey
|
-$177M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$144M |
| 3 |
AII
AGF Investments Inc
Toronto,
Ontario, Canada
|
-$67.4M |
| 4 |
RIM
Rainier Investment Management
Seattle,
Washington
|
-$42.3M |
| 5 |
AIM
abrdn Investment Management
Edinburgh,
United Kingdom
|
-$35.1M |
LAZ Hedge Fund Activity: Q3 2015 in Review
279 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q3 2015, worth a combined $4.3B — down 26% from $5.79B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of LAZ and 30 opened new positions — a net loss of 9 holders — while 99 trimmed existing stakes and 127 added.
The largest buyer was WCM Investment Management, adding an estimated $70.7M. The largest seller was Harding Loevner, exiting entirely with an estimated $177M sold.
- 279 institutional investors held Lazard (LAZ) as of Q3 2015, down from 290 in Q2 2015.
- Funds reported $4.3B of Lazard stock for Q3 2015, down 26% quarter-over-quarter.
- 30 funds opened new Lazard positions in Q3 2015 and 39 closed out, a net change of -9 holders.
- The largest Lazard buyer in Q3 2015 was WCM Investment Management, an estimated $70.7M added.
- The largest Lazard seller in Q3 2015 was Harding Loevner, an estimated $177M sold.
Based on aggregated 13F filings for Q3 2015.