Lazard
195 hedge funds and large institutions have $3.6B invested in Lazard in 2013 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 71 increasing their positions, 69 reducing their positions, and 31 closing their positions.
114% more call options, than puts
Call options by funds: $10.4M | Put options by funds: $4.83M
100% more funds holding in top 10
Funds holding in top 10: 3 → 6 (+3)
18% more capital invested
Capital invested by funds: $3.05B → $3.6B (+$544M)
3.15% more ownership
Funds ownership: 74.66% → 77.82% (+3.2%)
3% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 69
0% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 31
1% less funds holding
Funds holding: 196 → 195 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Natixis
Paris,
France
|
+$248M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$43.3M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$23M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$22.9M |
| 5 |
PC
Polar Capital
London,
United Kingdom
|
+$21.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$86.3M |
| 2 |
Westfield Capital Management
Boston,
Massachusetts
|
-$58.6M |
| 3 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
-$35.5M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$16.5M |
| 5 |
AIM
abrdn Investment Management
Edinburgh,
United Kingdom
|
-$14M |
LAZ Hedge Fund Activity: Q3 2013 in Review
195 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q3 2013, worth a combined $3.6B — up 18% from $3.05B a quarter earlier.
Fund positioning in LAZ was balanced in Q3 2013: 31 funds opened new positions, 31 closed out, 71 added to existing stakes and 69 trimmed.
The largest buyer was Natixis, opening a new position worth an estimated $248M. The largest seller was Goldman Sachs, cutting an estimated $86.3M.
- 195 institutional investors held Lazard (LAZ) as of Q3 2013, down from 196 in Q2 2013.
- Funds reported $3.6B of Lazard stock for Q3 2013, up 18% quarter-over-quarter.
- 31 funds opened new Lazard positions in Q3 2013 and 31 closed out, a net change of 0 holders.
- The largest Lazard buyer in Q3 2013 was Natixis, an estimated $248M added.
- The largest Lazard seller in Q3 2013 was Goldman Sachs, an estimated $86.3M sold.
Based on aggregated 13F filings for Q3 2013.