Lazard
217 hedge funds and large institutions have $4.57B invested in Lazard in 2013 Q4 according to their latest regulatory filings, with 45 funds opening new positions, 66 increasing their positions, 82 reducing their positions, and 22 closing their positions.
105% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 22
50% more funds holding in top 10
Funds holding in top 10: 6 → 9 (+3)
36% more call options, than puts
Call options by funds: $9.92M | Put options by funds: $7.31M
27% more capital invested
Capital invested by funds: $3.6B → $4.57B (+$973M)
11% more funds holding
Funds holding: 195 → 217 (+22)
0.25% more ownership
Funds ownership: 77.82% → 78.06% (+0.25%)
20% less repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 82
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$59.9M |
| 2 |
Citigroup
New York
|
+$39.6M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$20.9M |
| 4 |
WCM Investment Management
Laguna Beach,
California
|
+$20M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$14.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$43.7M |
| 2 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
-$41.6M |
| 3 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$30.5M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$30M |
| 5 |
Calamos Advisors
Naperville,
Illinois
|
-$17.1M |
LAZ Hedge Fund Activity: Q4 2013 in Review
217 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q4 2013, worth a combined $4.57B — up 27% from $3.6B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new LAZ positions and 22 closed out — a net gain of 23 holders — while 66 added to existing stakes and 82 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $59.9M. The largest seller was Credit Suisse, cutting an estimated $43.7M.
- 217 institutional investors held Lazard (LAZ) as of Q4 2013, up from 195 in Q3 2013.
- Funds reported $4.57B of Lazard stock for Q4 2013, up 27% quarter-over-quarter.
- 45 funds opened new Lazard positions in Q4 2013 and 22 closed out, a net change of +23 holders.
- The largest Lazard buyer in Q4 2013 was Wellington Management Group, an estimated $59.9M added.
- The largest Lazard seller in Q4 2013 was Credit Suisse, an estimated $43.7M sold.
Based on aggregated 13F filings for Q4 2013.