Lazard
286 hedge funds and large institutions have $5B invested in Lazard in 2014 Q3 according to their latest regulatory filings, with 38 funds opening new positions, 121 increasing their positions, 95 reducing their positions, and 29 closing their positions.
31% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 29
27% more repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 95
2% more funds holding
Funds holding: 281 → 286 (+5)
0.54% less ownership
Funds ownership: 76.55% → 76.02% (-0.54%)
3% less capital invested
Capital invested by funds: $5.13B → $5B (-$131M)
41% less call options, than puts
Call options by funds: $6.21M | Put options by funds: $10.4M
45% less funds holding in top 10
Funds holding in top 10: 11 → 6 (-5)
Top Buyers
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$66.2M |
| 2 |
AIM
abrdn Investment Management
Edinburgh,
United Kingdom
|
+$59.3M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$55.1M |
| 4 |
Morgan Stanley
New York
|
+$37.6M |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
+$35M |
Top Sellers
| 1 |
Neuberger Berman Group
New York
|
-$138M |
| 2 |
TFM
Trian Fund Management
New York
|
-$85.6M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$56.9M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$40.8M |
| 5 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
-$36M |
LAZ Hedge Fund Activity: Q3 2014 in Review
286 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q3 2014, worth a combined $5B — down 2.6% from $5.13B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new LAZ positions and 29 closed out — a net gain of 9 holders — while 121 added to existing stakes and 95 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $66.2M. The largest seller was Neuberger Berman Group, cutting an estimated $138M.
- 286 institutional investors held Lazard (LAZ) as of Q3 2014, up from 281 in Q2 2014.
- Funds reported $5B of Lazard stock for Q3 2014, down 2.6% quarter-over-quarter.
- 38 funds opened new Lazard positions in Q3 2014 and 29 closed out, a net change of +9 holders.
- The largest Lazard buyer in Q3 2014 was Fidelity Investments, an estimated $66.2M added.
- The largest Lazard seller in Q3 2014 was Neuberger Berman Group, an estimated $138M sold.
Based on aggregated 13F filings for Q3 2014.