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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
RhumbLine Advisers
51
RhumbLine Advisers
Massachusetts
$4.01M +$893K +28,893 +30%
GC
52
Globeflex Capital
California
$4M +$445K +14,404 +13%
RGC
53
Redwood Grove Capital
California
$3.79M – – –
State Board of Administration of Florida Retirement System
54
State Board of Administration of Florida Retirement System
Florida
$3.72M -$122K -3,950 -3%
CIC
55
Crawford Investment Counsel
Georgia
$3.7M +$536K +17,325 +18%
New York State Common Retirement Fund
56
New York State Common Retirement Fund
New York
$3.65M +$748K +24,191 +27%
AMI
57
Amica Mutual Insurance
Rhode Island
$3.5M +$3.38M +109,269 New
IG
58
ING Group
Netherlands
$3.48M +$1.23M +39,800 +58%
Jane Street
59
Jane Street
New York
$3.13M +$1.26M +40,896 +72%
AA
60
ALPS Advisors
Colorado
$3.08M +$926K +29,951 +45%
EWM
61
Endurance Wealth Management
Rhode Island
$3M +$256K +8,285 +10%
TAM
62
Todd Asset Management
Kentucky
$2.77M -$12.3M -399,230 -82%
TRSOTSOK
63
Teachers Retirement System of the State of Kentucky
Kentucky
$2.77M -$7.77M -251,210 -74%
TD Asset Management
64
TD Asset Management
Ontario, Canada
$2.75M -$890K -28,805 -25%
National Bank of Canada
65
National Bank of Canada
Quebec, Canada
$2.47M +$2.2M +71,252 +1,603%
PP
66
PDT Partners
New York
$2.42M -$586K -18,949 -20%
Royal Bank of Canada
67
Royal Bank of Canada
Ontario, Canada
$2.21M +$118K +3,822 +6%
Wells Fargo
68
Wells Fargo
California
$2.19M -$394K -12,759 -16%
Goldman Sachs
69
Goldman Sachs
New York
$2M -$128K -4,142 -6%
MAP
70
Moody Aldrich Partners
Massachusetts
$1.8M – – –
LSC
71
Lesa Sroufe & Co
Washington
$1.76M -$21K -679 -1%
M&T Bank
72
M&T Bank
New York
$1.73M -$272K -8,784 -14%
Ohio Public Employees Retirement System (OPERS)
73
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.73M +$67.2K +2,174 +4%
IMRF
74
Illinois Municipal Retirement Fund
Illinois
$1.72M – – –
SO
75
STRS Ohio
Ohio
$1.7M -$2.98M -96,265 -64%
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.