Lazard
270 hedge funds and large institutions have $3.88B invested in Lazard in 2016 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 109 increasing their positions, 101 reducing their positions, and 40 closing their positions.
660% more call options, than puts
Call options by funds: $50.4M | Put options by funds: $6.63M
8% more repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 101
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.96% less ownership
Funds ownership: 78.98% → 77.01% (-2%)
3% less funds holding
Funds holding: 278 → 270 (-8)
16% less capital invested
Capital invested by funds: $4.61B → $3.88B (-$730M)
20% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 40
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$83.3M |
| 2 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
+$42.2M |
| 3 |
AI
Ariel Investments
Chicago,
Illinois
|
+$33.8M |
| 4 |
RA
Royce & Associates
New York
|
+$30.4M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
+$29.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
-$102M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$44.8M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$43.6M |
| 4 |
AIM
abrdn Investment Management
Edinburgh,
United Kingdom
|
-$38.4M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$36.2M |
LAZ Hedge Fund Activity: Q1 2016 in Review
270 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q1 2016, worth a combined $3.88B — down 16% from $4.61B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of LAZ and 32 opened new positions — a net loss of 8 holders — while 101 trimmed existing stakes and 109 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $83.3M. The largest seller was William Blair Investment Management, exiting entirely with an estimated $102M sold.
- 270 institutional investors held Lazard (LAZ) as of Q1 2016, down from 278 in Q4 2015.
- Funds reported $3.88B of Lazard stock for Q1 2016, down 16% quarter-over-quarter.
- 32 funds opened new Lazard positions in Q1 2016 and 40 closed out, a net change of -8 holders.
- The largest Lazard buyer in Q1 2016 was T. Rowe Price Associates, an estimated $83.3M added.
- The largest Lazard seller in Q1 2016 was William Blair Investment Management, an estimated $102M sold.
Based on aggregated 13F filings for Q1 2016.