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Lazard
LAZ

284 hedge funds and large institutions have $4.41B invested in Lazard in 2017 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 85 increasing their positions, 115 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

279% more call options, than puts

Call options by funds: $45.5M | Put options by funds: $12M

58% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 31

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

18% more capital invested

Capital invested by funds: $3.74B → $4.41B (+$666M)

5% more funds holding

Funds holding: 271 → 284 (+13)

3.69% more ownership

Funds ownership: 70.16% → 73.86% (+3.7%)

26% less repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 115

Holders
284
Holders Change
+13
Holders Change %
+4.8%
% of All Funds
7.07%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.12%
New
49
Increased
85
Reduced
115
Closed
31
Calls
$45.5M
Puts
$12M
Net Calls
+$33.5M
Net Calls Change
-$10.6M

Top Buyers

1
BlackRock
BlackRock
New York
+$327M
2
WBC
Westpac Banking Corp
Australia
+$97.1M
3
AL
AJO LP
Pennsylvania
+$53.9M
4
VOYA Investment Management
VOYA Investment Management
Georgia
+$27.7M
5
Barclays
Barclays
United Kingdom
+$25.4M

Top Sellers

1
CWAM
Columbia Wanger Asset Management
Illinois
-$58.3M
2
VFA
Virtus Fund Advisers
Connecticut
-$40.1M
3
Franklin Resources
Franklin Resources
California
-$35.3M
4
SO
STRS Ohio
Ohio
-$25.9M
5
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
-$23.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$470M +$17.1M +397,075 +4%
BlackRock
2
BlackRock
New York
$350M +$327M +7,592,836 +68,589%
WCM Investment Management
3
WCM Investment Management
California
$283M +$15.5M +359,974 +6%
AI
4
Ariel Investments
Illinois
$277M -$19.9M -462,426 -7%
JP Morgan Chase
5
JP Morgan Chase
New York
$190M -$18.4M -426,420 -9%
T. Rowe Price Associates
6
T. Rowe Price Associates
Maryland
$169M -$21.7M -504,377 -12%
Goldman Sachs
7
Goldman Sachs
New York
$154M +$13.6M +316,458 +10%
WBC
8
Westpac Banking Corp
Australia
$104M +$97.1M +2,251,184 New
VOYA Investment Management
9
VOYA Investment Management
Georgia
$98.9M +$27.7M +642,354 +43%
Franklin Resources
10
Franklin Resources
California
$82.5M -$35.3M -818,300 -31%
BHG
11
Blue Harbour Group
Connecticut
$79.1M +$14.1M +326,683 +23%
State Street
12
State Street
Massachusetts
$78.8M +$6.05M +140,406 +9%
Public Employees Retirement Association of Colorado
13
Public Employees Retirement Association of Colorado
Colorado
$75.1M -$2.2K -51 -0%
Fisher Asset Management
14
Fisher Asset Management
Washington
$74.1M -$4.57M -106,060 -6%
EVM
15
Eaton Vance Management
Massachusetts
$73.1M +$4.09M +94,818 +6%
ClearBridge Investments
16
ClearBridge Investments
New York
$72.8M +$1.24M +28,678 +2%
SO
17
STRS Ohio
Ohio
$66M -$25.9M -600,000 -29%
AllianceBernstein
18
AllianceBernstein
Tennessee
$65.5M -$5.1M -118,330 -8%
RA
19
Royce & Associates
New York
$65.4M -$2.62M -60,840 -4%
AL
20
AJO LP
Pennsylvania
$57.5M +$53.9M +1,250,076 New
Fidelity Investments
21
Fidelity Investments
Massachusetts
$56M -$90.6K -2,100 -0.2%
Deutsche Bank
22
Deutsche Bank
Germany
$54.8M +$1.07M +24,837 +2%
PA
23
Pinnacle Associates
New York
$51.5M -$2.04M -47,210 -4%
SFM
24
Systematic Financial Management
New Jersey
$48.7M -$7.55M -175,107 -14%
Geode Capital Management
25
Geode Capital Management
Massachusetts
$47.7M +$4.9M +113,597 +12%
1
2 3 4 5

LAZ Hedge Fund Activity: Q1 2017 in Review

284 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q1 2017, worth a combined $4.41B — up 18% from $3.74B a quarter earlier.

Buyers outnumbered sellers: 49 funds opened new LAZ positions and 31 closed out — a net gain of 18 holders — while 85 added to existing stakes and 115 trimmed.

The largest buyer was BlackRock, adding an estimated $327M. The largest seller was Columbia Wanger Asset Management, cutting an estimated $58.3M.

  • 284 institutional investors held Lazard (LAZ) as of Q1 2017, up from 271 in Q4 2016.
  • Funds reported $4.41B of Lazard stock for Q1 2017, up 18% quarter-over-quarter.
  • 49 funds opened new Lazard positions in Q1 2017 and 31 closed out, a net change of +18 holders.
  • The largest Lazard buyer in Q1 2017 was BlackRock, an estimated $327M added.
  • The largest Lazard seller in Q1 2017 was Columbia Wanger Asset Management, an estimated $58.3M sold.

Based on aggregated 13F filings for Q1 2017.