Lazard
253 hedge funds and large institutions have $2.93B invested in Lazard in 2019 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 70 increasing their positions, 101 reducing their positions, and 46 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
3% more call options, than puts
Call options by funds: $10M | Put options by funds: $9.71M
1.36% less ownership
Funds ownership: 66.92% → 65.57% (-1.4%)
5% less funds holding
Funds holding: 266 → 253 (-13)
7% less capital invested
Capital invested by funds: $3.14B → $2.93B (-$215M)
17% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 46
31% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 101
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$188M |
| 2 |
SAM
Southeastern Asset Management
Memphis,
Tennessee
|
+$52M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$41.8M |
| 4 |
JP Morgan Chase
New York
|
+$40.4M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
-$64.8M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$55.4M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$45.4M |
| 4 |
Barclays
London,
United Kingdom
|
-$37.3M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$32.3M |
LAZ Hedge Fund Activity: Q2 2019 in Review
253 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q2 2019, worth a combined $2.93B — down 6.8% from $3.14B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of LAZ and 38 opened new positions — a net loss of 8 holders — while 101 trimmed existing stakes and 70 added.
The largest buyer was Fidelity Investments, adding an estimated $188M. The largest seller was VOYA Investment Management, cutting an estimated $64.8M.
- 253 institutional investors held Lazard (LAZ) as of Q2 2019, down from 266 in Q1 2019.
- Funds reported $2.93B of Lazard stock for Q2 2019, down 6.8% quarter-over-quarter.
- 38 funds opened new Lazard positions in Q2 2019 and 46 closed out, a net change of -8 holders.
- The largest Lazard buyer in Q2 2019 was Fidelity Investments, an estimated $188M added.
- The largest Lazard seller in Q2 2019 was VOYA Investment Management, an estimated $64.8M sold.
Based on aggregated 13F filings for Q2 2019.