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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
RAM
201
RWC Asset Management
United Kingdom
$939K – – –
AAM
202
Advisors Asset Management
Colorado
$898K +$67K +1,360 +9%
CG
203
Clinton Group
New York
$888K +$476K +9,657 +134%
KCM
204
Karp Capital Management
California
$882K -$63.6K -1,290 -7%
AIM
205
Acuity Investment Management
Ontario, Canada
$852K +$798K +16,200 New
Janney Montgomery Scott
206
Janney Montgomery Scott
Pennsylvania
$838K +$180K +3,656 +30%
M&T Bank
207
M&T Bank
New York
$811K +$4.09K +83 +0.5%
CCM
208
Cadence Capital Management
Massachusetts
$787K -$80.4K -1,632 -10%
SC
209
Scotia Capital
Ontario, Canada
$776K +$1.38K +28 +0.2%
UBS AM
210
UBS AM
Illinois
$747K – – –
AB
211
Amalgamated Bank
New York
$735K +$23.9K +485 +4%
NCM
212
Noesis Capital Mangement
Florida
$700K -$17K -345 -3%
BIM
213
BRC Investment Management
Colorado
$689K +$5.47K +111 +0.9%
ACI
214
Advance Capital I
Michigan
$684K +$641K +13,000 New
NA
215
Navellier & Associates
Nevada
$683K -$594K -12,063 -48%
HCM
216
Herndon Capital Management
Georgia
$654K -$29K -589 -4%
SAM
217
Sawgrass Asset Management
Florida
$642K -$12.3K -250 -2%
BAS
218
Brown Advisory Securities
Maryland
$609K -$139K -2,820 -20%
RFS
219
Rockefeller Financial Services
New York
$580K – – –
QI
220
Quotient Investors
New York
$568K – – –
AA
221
ALPS Advisors
Colorado
$550K +$515K +10,462 New
Brown Advisory
222
Brown Advisory
Maryland
$539K +$505K +10,251 New
PMG
223
ProVise Management Group
Florida
$536K +$503K +10,200 New
CAL
224
Capital Analysts LLC
Pennsylvania
$529K +$119K +2,419 +32%
US Bancorp
225
US Bancorp
Minnesota
$512K -$37.6K -764 -7%
7 8
9
10 11

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.