Lazard
270 hedge funds and large institutions have $3.74B invested in Lazard in 2016 Q4 according to their latest regulatory filings, with 57 funds opening new positions, 89 increasing their positions, 92 reducing their positions, and 32 closing their positions.
470% more call options, than puts
Call options by funds: $53.4M | Put options by funds: $9.36M
78% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 32
11% more capital invested
Capital invested by funds: $3.35B → $3.74B (+$384M)
8% more funds holding
Funds holding: 249 → 270 (+21)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
0.98% less ownership
Funds ownership: 71.07% → 70.1% (-0.98%)
3% less repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 92
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$84.3M |
| 2 |
BHG
Blue Harbour Group
Greenwich,
Connecticut
|
+$54.1M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$24.7M |
| 4 |
CCMH
Cornerstone Capital Management Holdings
New York
|
+$21.5M |
| 5 |
M&T Bank
Buffalo,
New York
|
+$20.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$57.8M |
| 2 |
CI Investments Inc
Toronto,
Ontario, Canada
|
-$54.4M |
| 3 |
AIM
abrdn Investment Management
Edinburgh,
United Kingdom
|
-$47.9M |
| 4 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
-$42.4M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$33M |
LAZ Hedge Fund Activity: Q4 2016 in Review
270 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q4 2016, worth a combined $3.74B — up 11% from $3.35B a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new LAZ positions and 32 closed out — a net gain of 25 holders — while 89 added to existing stakes and 92 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $84.3M. The largest seller was Morgan Stanley, cutting an estimated $57.8M.
- 270 institutional investors held Lazard (LAZ) as of Q4 2016, up from 249 in Q3 2016.
- Funds reported $3.74B of Lazard stock for Q4 2016, up 11% quarter-over-quarter.
- 57 funds opened new Lazard positions in Q4 2016 and 32 closed out, a net change of +25 holders.
- The largest Lazard buyer in Q4 2016 was Goldman Sachs, an estimated $84.3M added.
- The largest Lazard seller in Q4 2016 was Morgan Stanley, an estimated $57.8M sold.
Based on aggregated 13F filings for Q4 2016.