Lazard
213 hedge funds and large institutions have $2.31B invested in Lazard in 2020 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 59 increasing their positions, 84 reducing their positions, and 38 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
21% more capital invested
Capital invested by funds: $1.9B → $2.31B (+$407M)
19% more call options, than puts
Call options by funds: $6.61M | Put options by funds: $5.54M
3% less funds holding
Funds holding: 219 → 213 (-6)
5.53% less ownership
Funds ownership: 76.94% → 71.41% (-5.5%)
13% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 38
30% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 84
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$22.6M |
| 2 |
JP Morgan Chase
New York
|
+$22.1M |
| 3 |
Charles Schwab
San Francisco,
California
|
+$9.18M |
| 4 |
YCM
Yost Capital Management
Houston,
Texas
|
+$8.81M |
| 5 |
Fisher Asset Management
Camas,
Washington
|
+$7.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$33.1M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$23.9M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
-$22.9M |
| 4 |
SO
STRS Ohio
Columbus,
Ohio
|
-$6.58M |
| 5 |
PL
Perpetual Ltd
Sydney, New South Wales,
Australia
|
-$5.01M |
LAZ Hedge Fund Activity: Q2 2020 in Review
213 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q2 2020, worth a combined $2.31B — up 21% from $1.9B a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of LAZ and 33 opened new positions — a net loss of 5 holders — while 84 trimmed existing stakes and 59 added.
The largest buyer was Fidelity Investments, adding an estimated $22.6M. The largest seller was BlackRock, cutting an estimated $33.1M.
- 213 institutional investors held Lazard (LAZ) as of Q2 2020, down from 219 in Q1 2020.
- Funds reported $2.31B of Lazard stock for Q2 2020, up 21% quarter-over-quarter.
- 33 funds opened new Lazard positions in Q2 2020 and 38 closed out, a net change of -5 holders.
- The largest Lazard buyer in Q2 2020 was Fidelity Investments, an estimated $22.6M added.
- The largest Lazard seller in Q2 2020 was BlackRock, an estimated $33.1M sold.
Based on aggregated 13F filings for Q2 2020.