Lazard
332 hedge funds and large institutions have $4.64B invested in Lazard in 2018 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 107 increasing their positions, 119 reducing their positions, and 50 closing their positions.
11% more call options, than puts
Call options by funds: $10.4M | Put options by funds: $9.37M
0.86% more ownership
Funds ownership: 72.25% → 73.1% (+0.86%)
2% less first-time investments, than exits
New positions opened: 49 | Existing positions closed: 50
1% less funds holding
Funds holding: 336 → 332 (-4)
6% less capital invested
Capital invested by funds: $4.93B → $4.64B (-$289M)
10% less repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 119
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PG
Pendal Group
Sydney,
Australia
|
+$97.6M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$22.6M |
| 3 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$21.2M |
| 4 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
+$19.2M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$18.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$57.6M |
| 2 |
CIM
Chiron Investment Management
New York
|
-$26.7M |
| 3 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$24.5M |
| 4 |
DP
DSAM Partners
London,
United Kingdom
|
-$19.1M |
| 5 |
Citigroup
New York
|
-$16.8M |
LAZ Hedge Fund Activity: Q2 2018 in Review
332 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q2 2018, worth a combined $4.64B — down 5.9% from $4.93B a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of LAZ and 49 opened new positions — a net loss of 1 holder — while 119 trimmed existing stakes and 107 added.
The largest buyer was Pendal Group, opening a new position worth an estimated $97.6M. The largest seller was T. Rowe Price Associates, cutting an estimated $57.6M.
- 332 institutional investors held Lazard (LAZ) as of Q2 2018, down from 336 in Q1 2018.
- Funds reported $4.64B of Lazard stock for Q2 2018, down 5.9% quarter-over-quarter.
- 49 funds opened new Lazard positions in Q2 2018 and 50 closed out, a net change of -1 holder.
- The largest Lazard buyer in Q2 2018 was Pendal Group, an estimated $97.6M added.
- The largest Lazard seller in Q2 2018 was T. Rowe Price Associates, an estimated $57.6M sold.
Based on aggregated 13F filings for Q2 2018.