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Lazard
LAZ

286 hedge funds and large institutions have $5.37B invested in Lazard in 2015 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 126 increasing their positions, 94 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more repeat investments, than reductions

Existing positions increased: 126 | Existing positions reduced: 94

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

9% more capital invested

Capital invested by funds: $4.94B → $5.37B (+$429M)

2.58% more ownership

Funds ownership: 76.09% → 78.67% (+2.6%)

9% more call options, than puts

Call options by funds: $8.4M | Put options by funds: $7.69M

6% less funds holding

Funds holding: 304 → 286 (-18)

29% less first-time investments, than exits

New positions opened: 36 | Existing positions closed: 51

Holders
286
Holders Change
-18
Holders Change %
-5.92%
% of All Funds
7.62%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.19%
New
36
Increased
126
Reduced
94
Closed
51
Calls
$8.4M
Puts
$7.69M
Net Calls
+$704K
Net Calls Change
+$3.53M

Top Buyers

1
AII
AGF Investments Inc
Ontario, Canada
+$98.6M
2
AI
Ariel Investments
Illinois
+$44.7M
3
CGM
Capital Growth Management
Massachusetts
+$40.9M
4
AIM
Artemis Investment Management
United Kingdom
+$33.8M
5
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$31.3M

Top Sellers

1
TFM
Trian Fund Management
New York
-$249M
2
Morgan Stanley
Morgan Stanley
New York
-$39.6M
3
AI
Axiom Investors
Connecticut
-$23.4M
4
LPU
Lansdowne Partners (UK)
United Kingdom
-$21.9M
5
CIC
Chilton Investment Company
Connecticut
-$16.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Jennison Associates
176
Jennison Associates
New York
$1.34M +$521K +10,569 +71%
WIM
177
Waverton Investment Management
United Kingdom
$1.31M -$153K -3,100 -11%
SSB
178
Sandy Spring Bank
Maryland
$1.29M +$90.1K +1,829 +8%
NJBEST
179
New Jersey Better Educational Savings Trust
New Jersey
$1.26M +$1.18M +24,000 New
BSWMG
180
Barrington Strategic Wealth Management Group
Illinois
$1.25M +$2.96K +60 +0.3%
GA
181
Geneva Advisors
Illinois
$1.25M -$246K -4,993 -17%
Arrowstreet Capital
182
Arrowstreet Capital
Massachusetts
$1.25M – – –
BF
183
BOK Financial
Oklahoma
$1.21M +$229K +4,654 +25%
CA
184
Callahan Advisors
Texas
$1.21M +$279K +5,662 +33%
URS
185
Utah Retirement Systems
Utah
$1.16M +$34.5K +700 +3%
LSCM
186
LaSalle Street Capital Management
Illinois
$1.13M – – –
EAM
187
Evanson Asset Management
California
$1.12M +$6.16K +125 +0.6%
CB
188
Commerce Bank
Missouri
$1.08M – – –
UOC
189
UBS O'Connor
Illinois
$1.08M +$1.02M +20,625 New
OWD
190
Osborn Williams & Donohoe
Ohio
$1.08M +$197K +4,003 +24%
AIU
191
Algebris Investments (UK)
United Kingdom
$1.06M +$314K +6,375 +46%
Robeco Institutional Asset Management
192
Robeco Institutional Asset Management
Netherlands
$1.05M -$120K -2,436 -11%
LPL Financial
193
LPL Financial
California
$1.03M +$67.8K +1,377 +8%
BA
194
Boston Advisors
Massachusetts
$1.02M -$9.68M -196,429 -91%
SIP
195
Stoneridge Investment Partners
Pennsylvania
$1M +$938K +19,041 New
NERM
196
New England Research & Management
Illinois
$999K +$41.3K +838 +5%
HCA
197
Harbour Capital Advisors
Virginia
$982K +$133K +2,700 +17%
SIA
198
SeaBridge Investment Advisors
New Jersey
$951K -$71.2K -1,445 -7%
CCM
199
Cupps Capital Management
Illinois
$944K -$686K -13,927 -44%
Canada Pension Plan Investment Board
200
Canada Pension Plan Investment Board
Ontario, Canada
$941K +$882K +17,900 New
6 7
8
9 10

LAZ Hedge Fund Activity: Q1 2015 in Review

286 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q1 2015, worth a combined $5.37B — up 8.7% from $4.94B a quarter earlier.

Sellers outnumbered buyers: 51 funds closed out of LAZ and 36 opened new positions — a net loss of 15 holders — while 94 trimmed existing stakes and 126 added.

The largest buyer was AGF Investments Inc, opening a new position worth an estimated $98.6M. The largest seller was Trian Fund Management, exiting entirely with an estimated $249M sold.

  • 286 institutional investors held Lazard (LAZ) as of Q1 2015, down from 304 in Q4 2014.
  • Funds reported $5.37B of Lazard stock for Q1 2015, up 8.7% quarter-over-quarter.
  • 36 funds opened new Lazard positions in Q1 2015 and 51 closed out, a net change of -15 holders.
  • The largest Lazard buyer in Q1 2015 was AGF Investments Inc, an estimated $98.6M added.
  • The largest Lazard seller in Q1 2015 was Trian Fund Management, an estimated $249M sold.

Based on aggregated 13F filings for Q1 2015.