Lazard
164 hedge funds and large institutions have $2.3B invested in Lazard in 2023 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 51 increasing their positions, 63 reducing their positions, and 52 closing their positions.
577% more call options, than puts
Call options by funds: $23.1M | Put options by funds: $3.41M
17% more capital invested
Capital invested by funds: $1.97B → $2.3B (+$337M)
1.97% more ownership
Funds ownership: 56.28% → 58.25% (+2%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
16% less funds holding
Funds holding: 195 → 164 (-31)
19% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 63
56% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 52
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$162M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$39.1M |
| 3 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
+$11.1M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$9.62M |
| 5 |
BCM
Basswood Capital Management
New York
|
+$8.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Southeastern Asset Management
Memphis,
Tennessee
|
-$20.9M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$19.8M |
| 3 |
TAM
Third Avenue Management
New York
|
-$17.1M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$15.8M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
-$14.8M |
LAZ Hedge Fund Activity: Q4 2023 in Review
164 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q4 2023, worth a combined $2.3B — up 17% from $1.97B a quarter earlier.
Sellers outnumbered buyers: 52 funds closed out of LAZ and 23 opened new positions — a net loss of 29 holders — while 63 trimmed existing stakes and 51 added.
The largest buyer was Morgan Stanley, adding an estimated $162M. The largest seller was Southeastern Asset Management, cutting an estimated $20.9M.
- 164 institutional investors held Lazard (LAZ) as of Q4 2023, down from 195 in Q3 2023.
- Funds reported $2.3B of Lazard stock for Q4 2023, up 17% quarter-over-quarter.
- 23 funds opened new Lazard positions in Q4 2023 and 52 closed out, a net change of -29 holders.
- The largest Lazard buyer in Q4 2023 was Morgan Stanley, an estimated $162M added.
- The largest Lazard seller in Q4 2023 was Southeastern Asset Management, an estimated $20.9M sold.
Based on aggregated 13F filings for Q4 2023.