Lazard Asset Management Portfolio
Lazard Asset Management 13F filer (CIK 0001207017).
Q3 2023 · 2074 positions · Total reported value $67.00M · Top-10 concentration 26.5%
Turnover: 53.7% · 279 new · 566 cut · 223 exited
Active Share (vs S&P 500): 54.3% · vs QQQ: 68.9% — share of the book that differs from index weights (higher = more active) · ranking
In its Q3 2023 13F filing, Lazard Asset Management disclosed 2074 equity positions with a combined reported value of $67.00M. The filing implies a moderately concentrated portfolio: its ten largest positions account for 26.5% of reported value. HoldingsHub classifies the profile as Small / High Turnover.
The largest disclosed positions as of Q3 2023 were MSFT ($3.60M), GOOGL ($2.93M), AMZN ($2.23M). By sector, the heaviest allocations are Technology 24.5%, Consumer Discretionary 20.2%. Versus the prior quarter, allocation shifted toward Technology (+0.6pp).
Versus the prior quarter, Lazard Asset Management opened 279 new positions, trimmed 566 and fully exited 223, a turnover rate of 53.7% of positions. The portfolio's overlap with the prior quarter was 80% of names.
Figures come from the fund's SEC Form 13F filing. 13F reports are filed within 45 days of quarter end and cover long positions of $100,000 or more; they exclude short positions and non-13F asset classes, so treat this page as a quarter-end snapshot rather than the fund's live book.
Sector Allocation
| # | Symbol | Company | Shares | Value | Weight | Change |
|---|---|---|---|---|---|---|
| 1 | MSFT | MICROSOFT CORP | 11.39M | $3.60M | 5.37% | Add |
| 2 | GOOGL | ALPHABET INC | 22.41M | $2.93M | 4.38% | Reduce |
| 3 | AMZN | AMAZON COM INC | 17.52M | $2.23M | 3.32% | Add |
| 4 | NSC | NORFOLK SOUTHN CORP | 8.63M | $1.70M | 2.54% | Add |
| 5 | V | VISA INC | 6.62M | $1.52M | 2.27% | Reduce |
| 6 | AON | AON PLC | 4.48M | $1.45M | 2.17% | Add |
| 7 | JNJ | JOHNSON & JOHNSON | 7.30M | $1.14M | 1.70% | Reduce |
| 8 | UNH | UNITEDHEALTH GROUP INCORPORATED | 2.14M | $1.08M | 1.61% | Reduce |
| 9 | ICE | INTERCONTINENTAL EXCHANGE IN | 9.59M | $1.06M | 1.57% | Reduce |
| 10 | ACN | ACCENTURE PLC IRELAND | 3.40M | $1.04M | 1.56% | Reduce |
| 11 | TMO | THERMO FISHER SCIENTIFIC INC | 1.91M | $967.77K | 1.45% | Reduce |
| 12 | ADI | ANALOG DEVICES INC | 5.26M | $920.73K | 1.37% | Reduce |
| 13 | CSX | CSX CORP | 29.19M | $897.62K | 1.34% | Add |
| 14 | CVX | CHEVRON CORPORATION | 5.18M | $873.84K | 1.30% | Add |
| 15 | BAC | BANK OF AMER CORP | 31.42M | $860.31K | 1.28% | Reduce |
| 16 | COP | CONOCOPHILLIPS | 7.09M | $848.98K | 1.27% | Add |
| 17 | PG | PROCTER & GAMBLE CO | 5.79M | $844.12K | 1.26% | Reduce |
| 18 | HON | HONEYWELL INTL INC | 4.46M | $824.38K | 1.23% | Reduce |
| 19 | DHR | DANAHER CORP DEL | 3.54M | $778.80K | 1.16% | Reduce |
| 20 | ICLR | ICON PLC | 3.05M | $750.08K | 1.12% | Reduce |
| 21 | AXP | AMERICAN EXPRESS CO | 4.93M | $735.30K | 1.10% | Reduce |
| 22 | MRSH | MARSH & MCLENNAN COS INC | 3.76M | $715.90K | 1.07% | Reduce |
| 23 | KO | COCA COLA CO | 12.51M | $700.38K | 1.04% | Reduce |
| 24 | MCD | MCDONALDS CORP | 2.65M | $697.57K | 1.04% | Reduce |
| 25 | WM | WASTE MGMT INC DEL | 4.48M | $682.81K | 1.02% | Reduce |
| 26 | PLD | PROLOGIS INC. | 5.93M | $664.89K | 0.99% | Reduce |
| 27 | GOOG | ALPHABET INC | 4.75M | $626.08K | 0.94% | Reduce |
| 28 | AMAT | APPLIED MATLS INC | 4.35M | $602.67K | 0.90% | Reduce |
| 29 | RYAAY | RYANAIR HOLDINGS PLC | 6.15M | $597.62K | 0.89% | Reduce |
| 30 | APH | AMPHENOL CORP | 7.02M | $589.45K | 0.88% | Reduce |
| 31 | IQV | IQVIA HLDGS INC | 2.89M | $568.46K | 0.85% | Add |
| 32 | CSCO | CISCO SYS INC | 10.43M | $560.51K | 0.84% | Reduce |
| 33 | EXC | EXELON CORP | 14.83M | $560.38K | 0.84% | Reduce |
| 34 | AAPL | APPLE INC | 3.26M | $557.47K | 0.83% | Reduce |
| 35 | META | META PLATFORMS INC. CLASS A | 1.82M | $546.73K | 0.82% | Reduce |
| 36 | EL | LAUDER ESTEE COS INC | 3.72M | $537.85K | 0.80% | Add |
| 37 | ADBE | ADOBE INC | 967.69K | $493.43K | 0.74% | Add |
| 38 | ZTS | ZOETIS INC | 2.80M | $487.88K | 0.73% | Hold |
| 39 | BSX | BOSTON SCIENTIFIC CORP | 8.91M | $470.29K | 0.70% | Reduce |
| 40 | LH | LABORATORY CORPORATION OF AMERICA HOLDINGS | 2.21M | $444.82K | 0.66% | Add |
| 41 | SPGI | S&P GLOBAL INC | 1.19M | $433.12K | 0.65% | Hold |
| 42 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 4.93M | $428.66K | 0.64% | Reduce |
| 43 | HD | HOME DEPOT INC | 1.40M | $424.13K | 0.63% | Reduce |
| 44 | MDT | MEDTRONIC PLC | 5.36M | $420.30K | 0.63% | Reduce |
| 45 | NVDA | NVIDIA CORPORATION | 932.15K | $405.48K | 0.60% | Reduce |
| 46 | AVY | AVERY DENNISON CORP | 2.21M | $403.03K | 0.60% | Reduce |
| 47 | CRM | SALESFORCE INC | 1.97M | $398.50K | 0.59% | Reduce |
| 48 | SCHW | SCHWAB CHARLES CORP | 7.25M | $397.88K | 0.59% | Add |
| 49 | SYY | SYSCO CORP | 5.80M | $383.09K | 0.57% | Reduce |
| 50 | CAT | CATERPILLAR INC | 1.40M | $382.17K | 0.57% | Add |