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Lazard
LAZ

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
195
Holders Change
-1
Holders Change %
-0.51%
% of All Funds
6.32%
Holding in Top 10
6
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+100%
% of All Funds
0.19%
New
31
Increased
71
Reduced
69
Closed
31
Calls
$10.4M
Puts
$4.83M
Net Calls
+$5.53M
Net Calls Change
+$3.73M

Top Buyers

1
N
Natixis
France
+$248M
2
CS
Credit Suisse
Switzerland
+$43.3M
3
Deutsche Bank
Deutsche Bank
Germany
+$23M
4
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$22.9M
5
PC
Polar Capital
United Kingdom
+$21.2M

Top Sellers

1
Goldman Sachs
Goldman Sachs
New York
-$86.3M
2
Westfield Capital Management
Westfield Capital Management
Massachusetts
-$58.6M
3
CRM
Cramer Rosenthal McGlynn
Connecticut
-$35.5M
4
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$16.5M
5
AIM
abrdn Investment Management
United Kingdom
-$14M
Name Holding Trade Value Shares
Change 		Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$302M +$22.9M +645,800 +8%
N
2
Natixis
France
$252M +$248M +6,999,800 New
AI
3
Ariel Investments
Illinois
$244M -$4.24M -119,440 -2%
TFM
4
Trian Fund Management
New York
$241M – – –
Vanguard Group
5
Vanguard Group
Pennsylvania
$211M +$3.37M +94,967 +2%
AIM
6
abrdn Investment Management
United Kingdom
$202M -$14M -393,846 -7%
Neuberger Berman Group
7
Neuberger Berman Group
New York
$132M -$1.89M -53,222 -1%
HL
8
Harding Loevner
New Jersey
$126M +$7.57M +213,240 +6%
CRM
9
Cramer Rosenthal McGlynn
Connecticut
$123M -$35.5M -999,890 -23%
Goldman Sachs
10
Goldman Sachs
New York
$106M -$86.3M -2,430,823 -45%
RA
11
Royce & Associates
New York
$82.2M -$534K -15,060 -0.7%
JP Morgan Chase
12
JP Morgan Chase
New York
$77.3M +$2.26M +63,765 +3%
SB
13
Suntrust Banks
Georgia
$74.5M -$11.1M -313,316 -13%
Fidelity Investments
14
Fidelity Investments
Massachusetts
$71M +$15.4M +434,955 +28%
GTP
15
Global Thematic Partners
New York
$68.5M -$8.25M -232,506 -11%
Deutsche Bank
16
Deutsche Bank
Germany
$64.7M +$23M +647,008 +56%
AllianceBernstein
17
AllianceBernstein
Tennessee
$56.9M +$1.8M +50,830 +3%
WCM Investment Management
18
WCM Investment Management
California
$56.7M -$1.23M -34,605 -2%
Fisher Asset Management
19
Fisher Asset Management
Washington
$56.2M +$1.95M +54,830 +4%
CS
20
Credit Suisse
Switzerland
$51.3M +$43.3M +1,219,241 +595%
State Street
21
State Street
Massachusetts
$45.9M +$20.5K +577 +0%
American Century Companies
22
American Century Companies
Missouri
$42.2M -$6.09M -171,727 -13%
Franklin Resources
23
Franklin Resources
California
$42M -$192K -5,419 -0.5%
MAMU
24
Marathon Asset Management (UK)
United Kingdom
$33.5M -$1.67M -47,006 -5%
O
25
OppenheimerFunds
New York
$32.7M +$921K +25,950 +3%
1
2 3 4 5

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.