Lazard
324 hedge funds and large institutions have $4.55B invested in Lazard in 2018 Q3 according to their latest regulatory filings, with 38 funds opening new positions, 104 increasing their positions, 125 reducing their positions, and 44 closing their positions.
20% more call options, than puts
Call options by funds: $10.3M | Put options by funds: $8.55M
0.28% less ownership
Funds ownership: 73.1% → 72.82% (-0.28%)
2% less capital invested
Capital invested by funds: $4.64B → $4.55B (-$93M)
2% less funds holding
Funds holding: 332 → 324 (-8)
14% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 44
17% less repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 125
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$74.6M |
| 2 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
+$58.6M |
| 3 |
SAM
Southeastern Asset Management
Memphis,
Tennessee
|
+$46.6M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$31.1M |
| 5 |
Morgan Stanley
New York
|
+$26.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PG
Pendal Group
Sydney,
Australia
|
-$90.2M |
| 2 |
Goldman Sachs
New York
|
-$38.2M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$37.9M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$23.9M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
-$20.9M |
LAZ Hedge Fund Activity: Q3 2018 in Review
324 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q3 2018, worth a combined $4.55B — down 2% from $4.64B a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of LAZ and 38 opened new positions — a net loss of 6 holders — while 125 trimmed existing stakes and 104 added.
The largest buyer was Deutsche Bank, adding an estimated $74.6M. The largest seller was Pendal Group, exiting entirely with an estimated $90.2M sold.
- 324 institutional investors held Lazard (LAZ) as of Q3 2018, down from 332 in Q2 2018.
- Funds reported $4.55B of Lazard stock for Q3 2018, down 2% quarter-over-quarter.
- 38 funds opened new Lazard positions in Q3 2018 and 44 closed out, a net change of -6 holders.
- The largest Lazard buyer in Q3 2018 was Deutsche Bank, an estimated $74.6M added.
- The largest Lazard seller in Q3 2018 was Pendal Group, an estimated $90.2M sold.
Based on aggregated 13F filings for Q3 2018.