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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
State Board of Administration of Florida Retirement System
51
State Board of Administration of Florida Retirement System
Florida
$3.98M – – –
RGC
52
Redwood Grove Capital
California
$3.92M – – –
MVP
53
Miller Value Partners
Florida
$3.88M -$369K -10,000 -8%
TD Asset Management
54
TD Asset Management
Ontario, Canada
$3.8M -$387K -10,501 -8%
GC
55
Globeflex Capital
California
$3.66M +$636K +17,241 +18%
CWP
56
Cyndeo Wealth Partners
Florida
$3.49M +$728K +19,742 +23%
CIC
57
Crawford Investment Counsel
Georgia
$3.25M +$369K +10,000 +11%
RhumbLine Advisers
58
RhumbLine Advisers
Massachusetts
$3.2M -$82K -2,224 -2%
PP
59
PDT Partners
New York
$3.13M +$1.08M +29,295 +45%
Franklin Resources
60
Franklin Resources
California
$3.07M -$1.32M -35,768 -28%
American Century Companies
61
American Century Companies
Missouri
$3.01M +$1.86M +50,442 +124%
New York State Common Retirement Fund
62
New York State Common Retirement Fund
New York
$2.98M -$99.9K -2,707 -3%
SG Americas Securities
63
SG Americas Securities
New York
$2.93M +$3.27M +88,609 New
EWM
64
Endurance Wealth Management
Rhode Island
$2.83M +$381K +10,315 +14%
Wells Fargo
65
Wells Fargo
California
$2.69M +$406K +11,005 +16%
UBS Group
66
UBS Group
Switzerland
$2.56M +$460K +12,457 +19%
VOYA Investment Management
67
VOYA Investment Management
Georgia
$2.47M -$56K -1,517 -2%
Cerity Partners
68
Cerity Partners
New York
$2.32M +$6.16K +167 New
IG
69
ING Group
Netherlands
$2.28M +$306K +8,300 +14%
Goldman Sachs
70
Goldman Sachs
New York
$2.21M -$154K -4,168 -6%
AA
71
ALPS Advisors
Colorado
$2.2M +$269K +7,302 +12%
Royal Bank of Canada
72
Royal Bank of Canada
Ontario, Canada
$2.15M -$149K -4,039 -6%
M&T Bank
73
M&T Bank
New York
$2.08M +$239K +6,467 +11%
Jane Street
74
Jane Street
New York
$1.88M +$736K +19,957 +54%
MAP
75
Moody Aldrich Partners
Massachusetts
$1.86M – – –
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.