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341 hedge funds and large institutions have $4.41B invested in Lazard in 2025 Q3 according to their latest regulatory filings, with 76 funds opening new positions, 105 increasing their positions, 104 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

237% more call options, than puts

Call options by funds: $23.3M | Put options by funds: $6.92M

138% more first-time investments, than exits

New positions opened: 76 | Existing positions closed: 32

13% more funds holding

Funds holding: 301341 (+40)

3% more capital invested

Capital invested by funds: $4.29B → $4.41B (+$117M)

1% more repeat investments, than reductions

Existing positions increased: 105 | Existing positions reduced: 104

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

2.63% less ownership

Funds ownership: 76.77%74.14% (-2.6%)

Holders
341
Holders Change
+40
Holders Change %
+13.29%
% of All Funds
4.48%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.01%
New
76
Increased
105
Reduced
104
Closed
32
Calls
$23.3M
Puts
$6.92M
Net Calls
+$16.4M
Net Calls Change
+$3.21M
Name Holding Trade Value Shares
Change
Change in
Stake
Macquarie Group
51
Macquarie Group
Australia
$9.69M -$270K -5,004 -3%
Swiss National Bank
52
Swiss National Bank
Switzerland
$9.63M +$582K +10,800 +6%
AllianceBernstein
53
AllianceBernstein
Tennessee
$9.38M -$1.28M -23,732 -12%
TD Asset Management
54
TD Asset Management
Ontario, Canada
$9.04M -$589K -10,922 -6%
SOADOR
55
State of Alaska Department of Revenue
Alaska
$9.03M +$256K +4,742 +3%
D.E. Shaw & Co
56
D.E. Shaw & Co
New York
$7.49M +$7.65M +141,829 New
Russell Investments Group
57
Russell Investments Group
United Kingdom
$7.33M +$1.23M +22,861 +20%
Two Sigma Advisers
58
Two Sigma Advisers
New York
$6.99M -$9.29M -172,200 -57%
JP Morgan Chase
59
JP Morgan Chase
New York
$6.82M -$39K -723 -0.6%
Two Sigma Investments
60
Two Sigma Investments
New York
$6.62M +$326K +6,041 +5%
SFM
61
Soros Fund Management
New York
$6.58M -$1.94M -36,000 -22%
Millennium Management
62
Millennium Management
New York
$6.5M +$3.12M +57,832 +88%
PAMP
63
Polar Asset Management Partners
Ontario, Canada
$6.29M +$6.43M +119,218 New
AMI
64
Amica Mutual Insurance
Rhode Island
$6.23M -$144K -2,679 -2%
State Board of Administration of Florida Retirement System
65
State Board of Administration of Florida Retirement System
Florida
$5.99M -$243K -4,511 -4%
Point72 Asset Management
66
Point72 Asset Management
Connecticut
$5.82M +$5.95M +110,349 New
CI
67
Cambiar Investors
Colorado
$5.73M -$2.91M -53,917 -33%
State of Wisconsin Investment Board
68
State of Wisconsin Investment Board
Wisconsin
$5.66M +$29.6K +549 +0.5%
RhumbLine Advisers
69
RhumbLine Advisers
Massachusetts
$5.62M -$13.3K -246 -0.2%
Legal & General Group
70
Legal & General Group
United Kingdom
$5.34M +$43.6K +808 +0.8%
Focus Partners Wealth
71
Focus Partners Wealth
Massachusetts
$5.31M -$32.3K -598 -0.6%
AA
72
ALPS Advisors
Colorado
$4.74M +$4.85M +89,892 New
California State Teachers Retirement System (CalSTRS)
73
California State Teachers Retirement System (CalSTRS)
California
$4.65M +$192K +3,568 +4%
Envestnet Asset Management
74
Envestnet Asset Management
Illinois
$4.34M -$11.9M -220,262 -73%
Credit Agricole
75
Credit Agricole
France
$4.09M +$4.18M +77,517 New

LAZ Hedge Fund Activity: Q3 2025 in Review

341 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q3 2025, worth a combined $4.41B — up 2.7% from $4.29B a quarter earlier.

Buyers outnumbered sellers: 76 funds opened new LAZ positions and 32 closed out — a net gain of 44 holders — while 105 added to existing stakes and 104 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $45.1M. The largest seller was Balyasny Asset Management, exiting entirely with an estimated $34.3M sold.

  • 341 institutional investors held Lazard (LAZ) as of Q3 2025, up from 301 in Q2 2025.
  • Funds reported $4.41B of Lazard stock for Q3 2025, up 2.7% quarter-over-quarter.
  • 76 funds opened new Lazard positions in Q3 2025 and 32 closed out, a net change of +44 holders.
  • The largest Lazard buyer in Q3 2025 was T. Rowe Price Associates, an estimated $45.1M added.
  • The largest Lazard seller in Q3 2025 was Balyasny Asset Management, an estimated $34.3M sold.

Based on aggregated 13F filings for Q3 2025.