Lazard
281 hedge funds and large institutions have $5.12B invested in Lazard in 2014 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 102 increasing their positions, 92 reducing their positions, and 18 closing their positions.
222% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 18
22% more funds holding in top 10
Funds holding in top 10: 9 → 11 (+2)
16% more funds holding
Funds holding: 243 → 281 (+38)
11% more repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 92
6% more capital invested
Capital invested by funds: $4.83B → $5.12B (+$289M)
3.01% less ownership
Funds ownership: 79.56% → 76.55% (-3%)
12% less call options, than puts
Call options by funds: $8.57M | Put options by funds: $9.72M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$116M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$70M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$67.3M |
| 4 |
AI
Axiom Investors
Greenwich,
Connecticut
|
+$56.6M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$55.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Natixis
Paris,
France
|
-$330M |
| 2 |
HL
Harding Loevner
Bridgewater,
New Jersey
|
-$169M |
| 3 |
SB
Suntrust Banks
Atlanta,
Georgia
|
-$90.2M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$72.4M |
| 5 |
AI
Ariel Investments
Chicago,
Illinois
|
-$60.2M |
LAZ Hedge Fund Activity: Q2 2014 in Review
281 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q2 2014, worth a combined $5.12B — up 6% from $4.83B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new LAZ positions and 18 closed out — a net gain of 40 holders — while 102 added to existing stakes and 92 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $116M. The largest seller was Natixis, exiting entirely with an estimated $330M sold.
- 281 institutional investors held Lazard (LAZ) as of Q2 2014, up from 243 in Q1 2014.
- Funds reported $5.12B of Lazard stock for Q2 2014, up 6% quarter-over-quarter.
- 58 funds opened new Lazard positions in Q2 2014 and 18 closed out, a net change of +40 holders.
- The largest Lazard buyer in Q2 2014 was Morgan Stanley, an estimated $116M added.
- The largest Lazard seller in Q2 2014 was Natixis, an estimated $330M sold.
Based on aggregated 13F filings for Q2 2014.