Lazard
278 hedge funds and large institutions have $4.61B invested in Lazard in 2015 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 113 increasing their positions, 104 reducing their positions, and 35 closing their positions.
455% more call options, than puts
Call options by funds: $46.3M | Put options by funds: $8.34M
7% more capital invested
Capital invested by funds: $4.31B → $4.61B (+$301M)
2.27% more ownership
Funds ownership: 76.71% → 78.98% (+2.3%)
9% more repeat investments, than reductions
Existing positions increased: 113 | Existing positions reduced: 104
0% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 35
0% less funds holding
Funds holding: 279 → 278 (-1)
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
+$104M |
| 2 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
+$38.2M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$33.6M |
| 4 |
RIM
Rainier Investment Management
Seattle,
Washington
|
+$26.6M |
| 5 |
Public Employees Retirement Association of Colorado
Denver,
Colorado
|
+$24.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
-$64.8M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$58.4M |
| 3 |
Bank of New York Mellon
New York
|
-$57.9M |
| 4 |
WCM Investment Management
Laguna Beach,
California
|
-$56M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$25.8M |
LAZ Hedge Fund Activity: Q4 2015 in Review
278 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q4 2015, worth a combined $4.61B — up 7% from $4.31B a quarter earlier.
Fund positioning in LAZ was balanced in Q4 2015: 35 funds opened new positions, 35 closed out, 113 added to existing stakes and 104 trimmed.
The largest buyer was William Blair Investment Management, opening a new position worth an estimated $104M. The largest seller was Capital Growth Management, cutting an estimated $64.8M.
- 278 institutional investors held Lazard (LAZ) as of Q4 2015, down from 279 in Q3 2015.
- Funds reported $4.61B of Lazard stock for Q4 2015, up 7% quarter-over-quarter.
- 35 funds opened new Lazard positions in Q4 2015 and 35 closed out, a net change of 0 holders.
- The largest Lazard buyer in Q4 2015 was William Blair Investment Management, an estimated $104M added.
- The largest Lazard seller in Q4 2015 was Capital Growth Management, an estimated $64.8M sold.
Based on aggregated 13F filings for Q4 2015.