Lazard
304 hedge funds and large institutions have $4.94B invested in Lazard in 2014 Q4 according to their latest regulatory filings, with 52 funds opening new positions, 106 increasing their positions, 107 reducing their positions, and 32 closing their positions.
63% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 32
6% more funds holding
Funds holding: 286 → 304 (+18)
5% more capital inflows, than outflows
Capital inflows: $474M | Capital outflows: $452M
0.07% more ownership
Funds ownership: 76.02% → 76.09% (+0.07%)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
1% less repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 107
38% less call options, than puts
Call options by funds: $4.64M | Put options by funds: $7.47M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$59.1M |
| 2 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
+$54.7M |
| 3 |
Scout Investments
Kansas City,
Missouri
|
+$28.4M |
| 4 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
+$25.1M |
| 5 |
Citigroup
New York
|
+$24.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$94.9M |
| 2 |
JP Morgan Chase
New York
|
-$30.9M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$29.7M |
| 4 |
Morgan Stanley
New York
|
-$24.6M |
| 5 |
OppenheimerFunds
New York
|
-$21.1M |
LAZ Hedge Fund Activity: Q4 2014 in Review
304 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q4 2014, worth a combined $4.94B — down 1.2% from $5B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new LAZ positions and 32 closed out — a net gain of 20 holders — while 106 added to existing stakes and 107 trimmed.
The largest buyer was Systematic Financial Management, opening a new position worth an estimated $59.1M. The largest seller was T. Rowe Price Associates, cutting an estimated $94.9M.
- 304 institutional investors held Lazard (LAZ) as of Q4 2014, up from 286 in Q3 2014.
- Funds reported $4.94B of Lazard stock for Q4 2014, down 1.2% quarter-over-quarter.
- 52 funds opened new Lazard positions in Q4 2014 and 32 closed out, a net change of +20 holders.
- The largest Lazard buyer in Q4 2014 was Systematic Financial Management, an estimated $59.1M added.
- The largest Lazard seller in Q4 2014 was T. Rowe Price Associates, an estimated $94.9M sold.
Based on aggregated 13F filings for Q4 2014.