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341 hedge funds and large institutions have $4.41B invested in Lazard in 2025 Q3 according to their latest regulatory filings, with 76 funds opening new positions, 105 increasing their positions, 104 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

237% more call options, than puts

Call options by funds: $23.3M | Put options by funds: $6.92M

138% more first-time investments, than exits

New positions opened: 76 | Existing positions closed: 32

13% more funds holding

Funds holding: 301341 (+40)

3% more capital invested

Capital invested by funds: $4.29B → $4.41B (+$117M)

1% more repeat investments, than reductions

Existing positions increased: 105 | Existing positions reduced: 104

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

2.63% less ownership

Funds ownership: 76.77%74.14% (-2.6%)

Holders
341
Holders Change
+40
Holders Change %
+13.29%
% of All Funds
4.48%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.01%
New
76
Increased
105
Reduced
104
Closed
32
Calls
$23.3M
Puts
$6.92M
Net Calls
+$16.4M
Net Calls Change
+$3.21M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$590M +$13.2M +245,205 +2%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$564M -$31.6M -586,727 -5%
T. Rowe Price Associates
3
T. Rowe Price Associates
Maryland
$410M +$45.1M +835,911 +12%
BlackRock
4
BlackRock
New York
$387M -$18.2M -337,296 -4%
AI
5
Ariel Investments
Illinois
$277M -$27.4M -508,108 -9%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$124M -$1.89M -35,129 -1%
Capital Research Global Investors
7
Capital Research Global Investors
California
$118M -$7.05M -130,799 -6%
State Street
8
State Street
Massachusetts
$106M -$5.47M -101,444 -5%
Victory Capital Management
9
Victory Capital Management
Texas
$99.7M -$1.35M -24,957 -1%
Ameriprise
10
Ameriprise
Minnesota
$99.4M +$10.4M +192,008 +11%
Fisher Asset Management
11
Fisher Asset Management
Washington
$90.9M +$1.11M +20,591 +1%
Dimensional Fund Advisors
12
Dimensional Fund Advisors
Texas
$85.5M +$5.49M +101,763 +7%
EIP
13
Epoch Investment Partners
New York
$85M -$1.76M -32,579 -2%
Principal Financial Group
14
Principal Financial Group
Iowa
$83.8M -$10.2M -190,037 -11%
Morgan Stanley
15
Morgan Stanley
New York
$78.2M -$8.57M -158,834 -10%
Janus Henderson Group
16
Janus Henderson Group
United Kingdom
$71.8M +$155K +2,865 +0.2%
VOYA Investment Management
17
VOYA Investment Management
Georgia
$61.5M +$6.65M +123,265 +12%
Invesco
18
Invesco
Georgia
$59.9M -$4.07M -75,406 -6%
Charles Schwab
19
Charles Schwab
California
$55.5M +$1.01M +18,748 +2%
Goldman Sachs
20
Goldman Sachs
New York
$45.5M +$1.2M +22,279 +3%
RA
21
Royce & Associates
New York
$44.6M -$3.51M -65,037 -7%
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$42.7M -$6.87M -127,457 -14%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$32.4M -$1.62M -30,110 -5%
Northern Trust
24
Northern Trust
Illinois
$31.3M -$1.67M -31,056 -5%
RIM
25
Ranger Investment Management
Texas
$30.9M +$4.29M +79,505 +16%

LAZ Hedge Fund Activity: Q3 2025 in Review

341 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Lazard (LAZ) for Q3 2025, worth a combined $4.41B — up 2.7% from $4.29B a quarter earlier.

Buyers outnumbered sellers: 76 funds opened new LAZ positions and 32 closed out — a net gain of 44 holders — while 105 added to existing stakes and 104 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $45.1M. The largest seller was Balyasny Asset Management, exiting entirely with an estimated $34.3M sold.

  • 341 institutional investors held Lazard (LAZ) as of Q3 2025, up from 301 in Q2 2025.
  • Funds reported $4.41B of Lazard stock for Q3 2025, up 2.7% quarter-over-quarter.
  • 76 funds opened new Lazard positions in Q3 2025 and 32 closed out, a net change of +44 holders.
  • The largest Lazard buyer in Q3 2025 was T. Rowe Price Associates, an estimated $45.1M added.
  • The largest Lazard seller in Q3 2025 was Balyasny Asset Management, an estimated $34.3M sold.

Based on aggregated 13F filings for Q3 2025.