Lazard
251 hedge funds and large institutions have $2.82B 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.
147% more call options, than puts
Call options by funds: $44.7M | Put options by funds: $18.1M
4.23% less ownership
Funds ownership: 77.01% → 72.79% (-4.2%)
7% less funds holding
Funds holding: 270 → 251 (-19)
27% less capital invested
Capital invested by funds: $3.88B → $2.82B (-$1.07B)
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: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
+$64M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$59.4M |
| 3 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
+$24.8M |
| 4 |
CI Investments Inc
Toronto,
Ontario, Canada
|
+$17.5M |
| 5 |
SO
STRS Ohio
Columbus,
Ohio
|
+$15.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
abrdn Investment Management
Edinburgh,
United Kingdom
|
-$86.1M |
| 2 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
-$32.3M |
| 3 |
Goldman Sachs
New York
|
-$22.4M |
| 4 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$20.8M |
| 5 |
Charles Schwab
San Francisco,
California
|
-$18.8M |
LAZ Hedge Fund Activity: Q2 2016 in Review
251 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q2 2016, worth a combined $2.82B — down 27% from $3.88B a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of LAZ and 32 opened new positions — a net loss of 18 holders — while 116 trimmed existing stakes and 75 added.
The largest buyer was Columbia Wanger Asset Management, adding an estimated $64M. The largest seller was abrdn Investment Management, cutting an estimated $86.1M.
- 251 institutional investors held Lazard (LAZ) as of Q2 2016, down from 270 in Q1 2016.
- Funds reported $2.82B of Lazard stock for Q2 2016, down 27% quarter-over-quarter.
- 32 funds opened new Lazard positions in Q2 2016 and 50 closed out, a net change of -18 holders.
- The largest Lazard buyer in Q2 2016 was Columbia Wanger Asset Management, an estimated $64M added.
- The largest Lazard seller in Q2 2016 was abrdn Investment Management, an estimated $86.1M sold.
Based on aggregated 13F filings for Q2 2016.