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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
LSC
76
Lesa Sroufe & Co
Washington
$1.84M +$47.2K +1,279 +2%
IMRF
77
Illinois Municipal Retirement Fund
Illinois
$1.78M – – –
Ohio Public Employees Retirement System (OPERS)
78
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.72M +$266K +7,208 +16%
FWC
79
First Washington Corp
Washington
$1.66M -$4.7M -127,321 -72%
Truist Financial
80
Truist Financial
North Carolina
$1.61M +$995K +26,970 +124%
PWM
81
Paulson Wealth Management
Illinois
$1.61M – – –
Macquarie Group
82
Macquarie Group
Australia
$1.59M -$12.2K -330 -0.7%
SAM
83
Secure Asset Management
Michigan
$1.54M +$81.7K +2,214 +5%
HI
84
HBK Investments
Texas
$1.53M +$1.7M +46,196 New
Legal & General Group
85
Legal & General Group
United Kingdom
$1.52M +$10.2K +276 +0.6%
JEST
86
JTC Employer Solutions Trustee
Jersey
$1.49M – – –
Hotchkis & Wiley Capital Management
87
Hotchkis & Wiley Capital Management
California
$1.39M – – –
HighTower Advisors
88
HighTower Advisors
Illinois
$1.37M -$230K -6,228 -13%
BCM
89
BlueCrest Capital Management
Jersey
$1.35M +$1.5M +40,641 New
Treasurer of the State of North Carolina
90
Treasurer of the State of North Carolina
North Carolina
$1.33M +$162K +4,380 +12%
AllianceBernstein
91
AllianceBernstein
Tennessee
$1.3M -$520K -14,087 -26%
Janney Montgomery Scott
92
Janney Montgomery Scott
Pennsylvania
$1.26M -$38.1K -1,034 -3%
CIP
93
Convergence Investment Partners
Florida
$1.2M +$28K +759 +2%
California State Teachers Retirement System (CalSTRS)
94
California State Teachers Retirement System (CalSTRS)
California
$1.06M -$85.7K -2,322 -7%
Mitsubishi UFJ Trust & Banking
95
Mitsubishi UFJ Trust & Banking
Japan
$1.03M +$375K +10,156 +49%
LPL Financial
96
LPL Financial
California
$987K -$20.3K -551 -2%
BNP Paribas Financial Markets
97
BNP Paribas Financial Markets
France
$967K +$584K +15,832 +118%
FNT
98
First National Trust
Pennsylvania
$950K – – –
ATC
99
Argent Trust Co
Tennessee
$948K +$229K +6,212 +28%
NSIM
100
North Star Investment Management
Illinois
$871K -$29.5K -800 -3%
2 3
4
5 6

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.