Lazard
286 hedge funds and large institutions have $5.37B invested in Lazard in 2015 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 126 increasing their positions, 94 reducing their positions, and 51 closing their positions.
34% more repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 94
26% more capital inflows, than outflows
Capital inflows: $773M | Capital outflows: $612M
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
2.6% more ownership
Funds ownership: 76.09% → 78.69% (+2.6%)
9% more call options, than puts
Call options by funds: $8.4M | Put options by funds: $7.69M
6% less funds holding
Funds holding: 304 → 286 (-18)
29% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 51
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AGF Investments Inc
Toronto,
Ontario, Canada
|
+$98.6M |
| 2 |
Ariel Investments
Chicago,
Illinois
|
+$44.7M |
| 3 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$40.9M |
| 4 |
Artemis Investment Management
Edinburgh,
United Kingdom
|
+$33.8M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$31.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Trian Fund Management
New York
|
-$249M |
| 2 |
Morgan Stanley
New York
|
-$39.6M |
| 3 |
Axiom Investors
Greenwich,
Connecticut
|
-$23.4M |
| 4 |
LPU
Lansdowne Partners (UK)
London,
United Kingdom
|
-$21.9M |
| 5 |
Chilton Investment Company
Stamford,
Connecticut
|
-$16.2M |
LAZ Hedge Fund Activity: Q1 2015 in Review
286 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q1 2015, worth a combined $5.37B — up 8.7% from $4.94B a quarter earlier.
Sellers outnumbered buyers: 51 funds closed out of LAZ and 36 opened new positions — a net loss of 15 holders — while 94 trimmed existing stakes and 126 added.
The largest buyer was AGF Investments Inc, opening a new position worth an estimated $98.6M. The largest seller was Trian Fund Management, exiting entirely with an estimated $249M sold.
- 286 institutional investors held Lazard (LAZ) as of Q1 2015, down from 304 in Q4 2014.
- Funds reported $5.37B of Lazard stock for Q1 2015, up 8.7% quarter-over-quarter.
- 36 funds opened new Lazard positions in Q1 2015 and 51 closed out, a net change of -15 holders.
- The largest Lazard buyer in Q1 2015 was AGF Investments Inc, an estimated $98.6M added.
- The largest Lazard seller in Q1 2015 was Trian Fund Management, an estimated $249M sold.
Based on aggregated 13F filings for Q1 2015.