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278 hedge funds and large institutions have $4.62B 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.

New
Increased
Maintained
Reduced
Closed

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: $4.3B → $4.62B (+$313M)

2.54% more ownership

Funds ownership: 76.71%79.25% (+2.5%)

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: 279278 (-1)

60% less funds holding in top 10

Funds holding in top 10: 52 (-3)

Holders
278
Holders Change
-1
Holders Change %
-0.36%
% of All Funds
7.29%
Holding in Top 10
2
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-60%
% of All Funds
0.05%
New
35
Increased
113
Reduced
104
Closed
35
Calls
$46.3M
Puts
$8.34M
Net Calls
+$38M
Net Calls Change
+$19.7M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$448M +$19.1M +416,463 +4%
AIM
2
abrdn Investment Management
United Kingdom
$314M -$9.05M -197,612 -3%
AI
3
Ariel Investments
Illinois
$249M +$1.12M +24,455 +0.4%
WCM Investment Management
4
WCM Investment Management
California
$207M -$56M -1,223,037 -21%
JP Morgan Chase
5
JP Morgan Chase
New York
$169M -$1.37M -29,933 -0.8%
VFA
6
Virtus Fund Advisers
Connecticut
$113M +$6.89M +150,500 +6%
Franklin Resources
7
Franklin Resources
California
$110M +$4.82M +105,213 +4%
Fidelity Investments
8
Fidelity Investments
Massachusetts
$103M -$58.4M -1,274,345 -36%
William Blair Investment Management
9
William Blair Investment Management
Illinois
$102M +$104M +2,265,607 New
Morgan Stanley
10
Morgan Stanley
New York
$89.6M -$21.8M -476,018 -19%
AllianceBernstein
11
AllianceBernstein
Tennessee
$78.6M +$2.36M +51,503 +3%
AAMU
12
Amundi Asset Management US
Massachusetts
$75.3M +$15.1M +329,036 +24%
Marshall Wace
13
Marshall Wace
United Kingdom
$73.3M +$7.16M +156,202 +11%
State Street
14
State Street
Massachusetts
$70.9M +$1.92M +41,999 +3%
Fisher Asset Management
15
Fisher Asset Management
Washington
$69.8M +$4M +87,376 +6%
Invesco
16
Invesco
Georgia
$68.9M +$6.54M +142,773 +10%
SFM
17
Systematic Financial Management
New Jersey
$68.5M +$11.7M +255,489 +20%
CIP
18
Chartwell Investment Partners
Pennsylvania
$67.6M +$8.76M +191,142 +15%
SO
19
STRS Ohio
Ohio
$67.5M
Charles Schwab
20
Charles Schwab
California
$67.5M -$13M -283,617 -16%
Deutsche Bank
21
Deutsche Bank
Germany
$65.5M +$18.9M +411,803 +39%
BFA
22
BlackRock Fund Advisors
California
$64.1M +$2.61M +57,008 +4%
TCIM
23
TIAA CREF Investment Management
New York
$63.4M -$12.8M -279,166 -17%
GTP
24
Global Thematic Partners
New York
$56.4M +$24.8M +541,169 +76%
Public Employees Retirement Association of Colorado
25
Public Employees Retirement Association of Colorado
Colorado
$56.2M +$24.9M +544,035 +77%

LAZ Hedge Fund Activity: Q4 2015 in Review

278 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q4 2015, worth a combined $4.62B — up 7.3% from $4.3B 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 $4.62B of Lazard stock for Q4 2015, up 7.3% 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.