Lazard
321 hedge funds and large institutions have $4.9B invested in Lazard in 2017 Q4 according to their latest regulatory filings, with 59 funds opening new positions, 96 increasing their positions, 116 reducing their positions, and 24 closing their positions.
146% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 24
80% more funds holding in top 10
Funds holding in top 10: 5 → 9 (+4)
12% more capital invested
Capital invested by funds: $4.37B → $4.9B (+$529M)
11% more funds holding
Funds holding: 290 → 321 (+31)
10% more call options, than puts
Call options by funds: $17.3M | Put options by funds: $15.7M
2.56% less ownership
Funds ownership: 74.46% → 71.89% (-2.6%)
17% less repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 116
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$53.1M |
| 2 |
TCIM
TIAA CREF Investment Management
New York
|
+$48.5M |
| 3 |
Morgan Stanley
New York
|
+$42.9M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$21M |
| 5 |
Goldman Sachs
New York
|
+$20M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PG
Pendal Group
Sydney,
Australia
|
-$92.6M |
| 2 |
JP Morgan Chase
New York
|
-$78.3M |
| 3 |
AI
Ariel Investments
Chicago,
Illinois
|
-$32.5M |
| 4 |
Barclays
London,
United Kingdom
|
-$28.6M |
| 5 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
-$26.3M |
LAZ Hedge Fund Activity: Q4 2017 in Review
321 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q4 2017, worth a combined $4.9B — up 12% from $4.37B a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new LAZ positions and 24 closed out — a net gain of 35 holders — while 96 added to existing stakes and 116 trimmed.
The largest buyer was AJO LP, adding an estimated $53.1M. The largest seller was Pendal Group, exiting entirely with an estimated $92.6M sold.
- 321 institutional investors held Lazard (LAZ) as of Q4 2017, up from 290 in Q3 2017.
- Funds reported $4.9B of Lazard stock for Q4 2017, up 12% quarter-over-quarter.
- 59 funds opened new Lazard positions in Q4 2017 and 24 closed out, a net change of +35 holders.
- The largest Lazard buyer in Q4 2017 was AJO LP, an estimated $53.1M added.
- The largest Lazard seller in Q4 2017 was Pendal Group, an estimated $92.6M sold.
Based on aggregated 13F filings for Q4 2017.