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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.

New
Increased
Maintained
Reduced
Closed

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: 281286 (+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: 116 (-5)

Holders
286
Holders Change
+5
Holders Change %
+1.78%
% of All Funds
8.3%
Holding in Top 10
6
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-45.45%
% of All Funds
0.17%
New
38
Increased
121
Reduced
95
Closed
29
Calls
$6.21M
Puts
$10.4M
Net Calls
-$4.24M
Net Calls Change
-$3.32M
Name Holding Trade Value Shares
Change
Change in
Stake
AIM
1
abrdn Investment Management
United Kingdom
$417M +$59.3M +1,132,305 +16%
Vanguard Group
2
Vanguard Group
Pennsylvania
$412M +$10.7M +204,599 +3%
T. Rowe Price Associates
3
T. Rowe Price Associates
Maryland
$352M -$17.2M -328,910 -5%
TFM
4
Trian Fund Management
New York
$252M -$85.6M -1,632,689 -25%
AI
5
Ariel Investments
Illinois
$246M -$10.4M -199,358 -4%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$235M +$66.2M +1,263,870 +37%
Morgan Stanley
7
Morgan Stanley
New York
$216M +$37.6M +717,513 +20%
JP Morgan Chase
8
JP Morgan Chase
New York
$176M +$3.87M +73,925 +2%
WCM Investment Management
9
WCM Investment Management
California
$143M +$12.8M +245,138 +10%
Deutsche Bank
10
Deutsche Bank
Germany
$94.8M -$56.9M -1,085,436 -37%
TCIM
11
TIAA CREF Investment Management
New York
$91.1M +$35M +667,051 +59%
Invesco
12
Invesco
Georgia
$85.6M +$55.1M +1,052,120 +165%
Fisher Asset Management
13
Fisher Asset Management
Washington
$84.8M +$387K +7,394 +0.4%
AllianceBernstein
14
AllianceBernstein
Tennessee
$78.4M -$2.51M -47,924 -3%
State Street
15
State Street
Massachusetts
$74.3M +$419K +7,987 +0.5%
VFA
16
Virtus Fund Advisers
Connecticut
$71.4M -$231K -4,400 -0.3%
TA
17
Teachers Advisors
New York
$65.7M +$4.31M +82,259 +7%
AAMU
18
Amundi Asset Management US
Massachusetts
$63.5M +$25.1M +479,201 +62%
Charles Schwab
19
Charles Schwab
California
$61.7M +$11.5M +220,380 +22%
AI
20
Axiom Investors
Connecticut
$56.3M -$1.94M -36,979 -3%
PC
21
Polar Capital
United Kingdom
$55.7M +$4.32M +82,420 +8%
RA
22
Royce & Associates
New York
$53.9M -$10.7M -204,960 -16%
Bank of America
23
Bank of America
North Carolina
$52.9M -$15.7M -299,879 -22%
O
24
OppenheimerFunds
New York
$47M +$2.71M +51,660 +6%
EVM
25
Eaton Vance Management
Massachusetts
$44.4M -$739K -14,097 -2%

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.