Lazard
273 hedge funds and large institutions have $3.3B invested in Lazard in 2018 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 72 increasing their positions, 119 reducing their positions, and 86 closing their positions.
54% more call options, than puts
Call options by funds: $7M | Put options by funds: $4.55M
3.96% less ownership
Funds ownership: 72.82% → 68.86% (-4%)
16% less funds holding
Funds holding: 324 → 273 (-51)
27% less capital invested
Capital invested by funds: $4.55B → $3.3B (-$1.25B)
39% less repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 119
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
56% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 86
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Southeastern Asset Management
Memphis,
Tennessee
|
+$127M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$96.5M |
| 3 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$40.2M |
| 4 |
Barclays
London,
United Kingdom
|
+$33M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$112M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$64.2M |
| 3 |
TCIM
TIAA CREF Investment Management
New York
|
-$41.7M |
| 4 |
Jennison Associates
New York
|
-$34.9M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$33.2M |
LAZ Hedge Fund Activity: Q4 2018 in Review
273 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q4 2018, worth a combined $3.3B — down 27% from $4.55B a quarter earlier.
Sellers outnumbered buyers: 86 funds closed out of LAZ and 38 opened new positions — a net loss of 48 holders — while 119 trimmed existing stakes and 72 added.
The largest buyer was Southeastern Asset Management, adding an estimated $127M. The largest seller was Morgan Stanley, cutting an estimated $112M.
- 273 institutional investors held Lazard (LAZ) as of Q4 2018, down from 324 in Q3 2018.
- Funds reported $3.3B of Lazard stock for Q4 2018, down 27% quarter-over-quarter.
- 38 funds opened new Lazard positions in Q4 2018 and 86 closed out, a net change of -48 holders.
- The largest Lazard buyer in Q4 2018 was Southeastern Asset Management, an estimated $127M added.
- The largest Lazard seller in Q4 2018 was Morgan Stanley, an estimated $112M sold.
Based on aggregated 13F filings for Q4 2018.