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279 hedge funds and large institutions have $4.3B invested in Lazard in 2015 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 127 increasing their positions, 99 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

70% more call options, than puts

Call options by funds: $44.5M | Put options by funds: $26.2M

28% more repeat investments, than reductions

Existing positions increased: 127 | Existing positions reduced: 99

3.01% less ownership

Funds ownership: 79.71%76.71% (-3%)

4% less funds holding

Funds holding: 290279 (-11)

23% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 39

26% less capital invested

Capital invested by funds: $5.79B → $4.3B (-$1.49B)

29% less funds holding in top 10

Funds holding in top 10: 75 (-2)

Holders
279
Holders Change
-11
Holders Change %
-3.79%
% of All Funds
7.79%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.14%
New
30
Increased
127
Reduced
99
Closed
39
Calls
$44.5M
Puts
$26.2M
Net Calls
+$18.3M
Net Calls Change
-$13.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$413M +$17.4M +337,080 +4%
AIM
2
abrdn Investment Management
United Kingdom
$311M -$35.1M -681,510 -9%
WCM Investment Management
3
WCM Investment Management
California
$252M +$70.7M +1,371,554 +31%
AI
4
Ariel Investments
Illinois
$239M -$3.85M -74,640 -1%
JP Morgan Chase
5
JP Morgan Chase
New York
$164M -$21.1M -409,229 -10%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$154M -$17.6M -342,411 -9%
Morgan Stanley
7
Morgan Stanley
New York
$107M -$7.13M -138,303 -5%
VFA
8
Virtus Fund Advisers
Connecticut
$103M +$31.7M +615,300 +35%
Franklin Resources
9
Franklin Resources
California
$102M +$57.3M +1,112,775 +90%
Bank of New York Mellon
10
Bank of New York Mellon
New York
$99.4M +$20.3M +394,789 +21%
Charles Schwab
11
Charles Schwab
California
$77.5M -$9.48M -184,069 -9%
AllianceBernstein
12
AllianceBernstein
Tennessee
$73.4M +$5.46M +106,054 +7%
TCIM
13
TIAA CREF Investment Management
New York
$73.1M +$5.87M +113,962 +7%
State Street
14
State Street
Massachusetts
$66.3M +$4.45M +86,393 +6%
SO
15
STRS Ohio
Ohio
$65M +$27.2M +527,000 +54%
CGM
16
Capital Growth Management
Massachusetts
$64.1M +$33.5M +650,000 +78%
Marshall Wace
17
Marshall Wace
United Kingdom
$63.8M +$26.5M +514,931 +54%
Fisher Asset Management
18
Fisher Asset Management
Washington
$63.3M +$1.58M +30,711 +2%
Invesco
19
Invesco
Georgia
$60.1M -$2.52M -48,828 -3%
BFA
20
BlackRock Fund Advisors
California
$59.2M +$1.71M +33,147 +2%
AAMU
21
Amundi Asset Management US
Massachusetts
$58.2M +$7.5M +145,596 +12%
CIP
22
Chartwell Investment Partners
Pennsylvania
$56.8M +$13.3M +258,436 +25%
SFM
23
Systematic Financial Management
New Jersey
$54.8M -$1.89M -36,745 -3%
T. Rowe Price Associates
24
T. Rowe Price Associates
Maryland
$53M -$144M -2,795,370 -70%
TA
25
Teachers Advisors
New York
$50.5M -$1.21M -23,497 -2%

LAZ Hedge Fund Activity: Q3 2015 in Review

279 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q3 2015, worth a combined $4.3B — down 26% from $5.79B a quarter earlier.

Sellers outnumbered buyers: 39 funds closed out of LAZ and 30 opened new positions — a net loss of 9 holders — while 99 trimmed existing stakes and 127 added.

The largest buyer was WCM Investment Management, adding an estimated $70.7M. The largest seller was Harding Loevner, exiting entirely with an estimated $177M sold.

  • 279 institutional investors held Lazard (LAZ) as of Q3 2015, down from 290 in Q2 2015.
  • Funds reported $4.3B of Lazard stock for Q3 2015, down 26% quarter-over-quarter.
  • 30 funds opened new Lazard positions in Q3 2015 and 39 closed out, a net change of -9 holders.
  • The largest Lazard buyer in Q3 2015 was WCM Investment Management, an estimated $70.7M added.
  • The largest Lazard seller in Q3 2015 was Harding Loevner, an estimated $177M sold.

Based on aggregated 13F filings for Q3 2015.