Lazard
220 hedge funds and large institutions have $1.9B invested in Lazard in 2020 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 64 increasing their positions, 90 reducing their positions, and 58 closing their positions.
1% less call options, than puts
Call options by funds: $3.65M | Put options by funds: $3.67M
2.6% less ownership
Funds ownership: 79.54% → 76.94% (-2.6%)
10% less funds holding
Funds holding: 245 → 220 (-25)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
29% less repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 90
36% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 58
43% less capital invested
Capital invested by funds: $3.34B → $1.9B (-$1.44B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIP
Epoch Investment Partners
New York
|
+$76M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$34.8M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$33.6M |
| 4 |
RAM
RWC Asset Management
London,
United Kingdom
|
+$14.4M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$11.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$87.2M |
| 2 |
SAM
Southeastern Asset Management
Memphis,
Tennessee
|
-$29.5M |
| 3 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
-$24.7M |
| 4 |
Morgan Stanley
New York
|
-$17.1M |
| 5 |
SO
STRS Ohio
Columbus,
Ohio
|
-$15.9M |
LAZ Hedge Fund Activity: Q1 2020 in Review
220 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q1 2020, worth a combined $1.9B — down 43% from $3.34B a quarter earlier.
Sellers outnumbered buyers: 58 funds closed out of LAZ and 37 opened new positions — a net loss of 21 holders — while 90 trimmed existing stakes and 64 added.
The largest buyer was Epoch Investment Partners, adding an estimated $76M. The largest seller was Fidelity Investments, cutting an estimated $87.2M.
- 220 institutional investors held Lazard (LAZ) as of Q1 2020, down from 245 in Q4 2019.
- Funds reported $1.9B of Lazard stock for Q1 2020, down 43% quarter-over-quarter.
- 37 funds opened new Lazard positions in Q1 2020 and 58 closed out, a net change of -21 holders.
- The largest Lazard buyer in Q1 2020 was Epoch Investment Partners, an estimated $76M added.
- The largest Lazard seller in Q1 2020 was Fidelity Investments, an estimated $87.2M sold.
Based on aggregated 13F filings for Q1 2020.