Lazard
243 hedge funds and large institutions have $4.83B invested in Lazard in 2014 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 94 increasing their positions, 69 reducing their positions, and 18 closing their positions.
156% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 18
36% more repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 69
12% more funds holding
Funds holding: 217 → 243 (+26)
6% more capital invested
Capital invested by funds: $4.57B → $4.83B (+$267M)
1.5% more ownership
Funds ownership: 78.06% → 79.56% (+1.5%)
0% more funds holding in top 10
Funds holding in top 10: 9 → 9 (0)
25% less call options, than puts
Call options by funds: $8.1M | Put options by funds: $10.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
abrdn Investment Management
Edinburgh,
United Kingdom
|
+$53.2M |
| 2 |
State Street
Boston,
Massachusetts
|
+$41.7M |
| 3 |
JP Morgan Chase
New York
|
+$35.7M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$32.4M |
| 5 |
LPLP
Lansdowne Partners Limited Partnership
London,
United Kingdom
|
+$23.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$108M |
| 2 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
-$55.8M |
| 3 |
MAMU
Marathon Asset Management (UK)
London,
United Kingdom
|
-$37.5M |
| 4 |
GTP
Global Thematic Partners
New York
|
-$35.1M |
| 5 |
AI
Ariel Investments
Chicago,
Illinois
|
-$24.5M |
LAZ Hedge Fund Activity: Q1 2014 in Review
243 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q1 2014, worth a combined $4.83B — up 5.8% from $4.57B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new LAZ positions and 18 closed out — a net gain of 28 holders — while 94 added to existing stakes and 69 trimmed.
The largest buyer was abrdn Investment Management, adding an estimated $53.2M. The largest seller was Goldman Sachs, cutting an estimated $108M.
- 243 institutional investors held Lazard (LAZ) as of Q1 2014, up from 217 in Q4 2013.
- Funds reported $4.83B of Lazard stock for Q1 2014, up 5.8% quarter-over-quarter.
- 46 funds opened new Lazard positions in Q1 2014 and 18 closed out, a net change of +28 holders.
- The largest Lazard buyer in Q1 2014 was abrdn Investment Management, an estimated $53.2M added.
- The largest Lazard seller in Q1 2014 was Goldman Sachs, an estimated $108M sold.
Based on aggregated 13F filings for Q1 2014.