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251 hedge funds and large institutions have $2.81B invested in Lazard in 2016 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 75 increasing their positions, 116 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

147% more call options, than puts

Call options by funds: $44.7M | Put options by funds: $18.1M

4.19% less ownership

Funds ownership: 76.98%72.79% (-4.2%)

7% less funds holding

Funds holding: 270251 (-19)

27% less capital invested

Capital invested by funds: $3.85B → $2.81B (-$1.04B)

35% less repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 116

36% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 50

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
251
Holders Change
-19
Holders Change %
-7.04%
% of All Funds
6.7%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
32
Increased
75
Reduced
116
Closed
50
Calls
$44.7M
Puts
$18.1M
Net Calls
+$26.6M
Net Calls Change
-$17.2M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$304M -$13.7M -394,570 -4%
AI
2
Ariel Investments
Illinois
$195M +$2M +57,640 +0.9%
WCM Investment Management
3
WCM Investment Management
California
$156M +$11.1M +319,321 +6%
T. Rowe Price Associates
4
T. Rowe Price Associates
Maryland
$140M +$59.4M +1,713,248 +57%
JP Morgan Chase
5
JP Morgan Chase
New York
$118M -$14.1M -405,454 -9%
VFA
6
Virtus Fund Advisers
Connecticut
$112M +$24.8M +715,900 +24%
AIM
7
abrdn Investment Management
United Kingdom
$102M -$86.1M -2,484,679 -42%
CWAM
8
Columbia Wanger Asset Management
Illinois
$90M +$64M +1,847,066 +157%
Franklin Resources
9
Franklin Resources
California
$79.7M -$3.9M -112,529 -4%
SO
10
STRS Ohio
Ohio
$59.4M +$15.4M +445,000 +29%
Fisher Asset Management
11
Fisher Asset Management
Washington
$57.8M +$692K +19,953 +1%
VOYA Investment Management
12
VOYA Investment Management
Georgia
$55.9M +$6.65M +191,779 +11%
Morgan Stanley
13
Morgan Stanley
New York
$55.9M +$10.1M +292,046 +18%
RA
14
Royce & Associates
New York
$55.4M +$12.1M +349,000 +23%
AllianceBernstein
15
AllianceBernstein
Tennessee
$51.5M -$1.19M -34,240 -2%
State Street
16
State Street
Massachusetts
$47.9M -$581K -16,749 -1%
Public Employees Retirement Association of Colorado
17
Public Employees Retirement Association of Colorado
Colorado
$46.5M +$1.56K +45 +0%
CIP
18
Chartwell Investment Partners
Pennsylvania
$45.9M -$9.71M -280,095 -15%
GTP
19
Global Thematic Partners
New York
$44.6M +$4.46M +128,535 +9%
Fidelity Investments
20
Fidelity Investments
Massachusetts
$42.5M +$5.56M +160,550 +13%
ClearBridge Investments
21
ClearBridge Investments
New York
$40.6M +$5.23M +150,974 +12%
SFM
22
Systematic Financial Management
New Jersey
$39.9M -$6.11M -176,409 -12%
TCIM
23
TIAA CREF Investment Management
New York
$39.8M -$3.43M -98,883 -7%
CI Investments Inc
24
CI Investments Inc
Ontario, Canada
$39.7M +$17.5M +503,500 +61%
BFA
25
BlackRock Fund Advisors
California
$38.5M +$1.89M +54,530 +4%