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LAZARD ASSET MANAGEMENT LLC

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1207017
Institutional-grade research for retail investors

Sector Allocation

  • Technology37.1%$24.5B
  • Financials12.9%$8.5B
  • Industrials10.1%$6.7B
  • Healthcare8.5%$5.6B
  • Consumer Discretionary6.4%$4.2B
  • Utilities4.7%$3.1B
  • Real Estate4.5%$3.0B
  • Consumer Staples4.0%$2.7B
  • Materials3.5%$2.3B
  • Energy3.4%$2.2B

AUM History

13fpro.ai/research/fund/lazard-asset-management-llc-1207017

Conviction and streaks

Concentrating · top 10 = 25.4%

From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.

NVDA$NVDAConviction hold3.9% weight · held 10 quartersAAPL$AAPLConviction hold3.6% weight · held 10 quartersMSFT$MSFTConviction hold3.0% weight · held 10 quartersAMZN$AMZNConviction hold2.8% weight · held 10 quartersEXC$EXCConviction hold2.3% weight · held 10 quarters$Accumulating+697% shares · 9 quarters runningITRN$ITRNAccumulating+1175% shares · 9 quarters runningACEL$ACELAccumulating+1285% shares · 9 quarters runningNYT$NYTAccumulating+1218% shares · 9 quarters runningEBF$EBFAccumulating+2032% shares · 9 quarters runningCOP$COPTrimming-80% shares · 9 quarters runningGILD$GILDTrimming-71% shares · 9 quarters runningMXF$MXFTrimming-41% shares · 9 quarters runningAEF$AEFTrimming-55% shares · 9 quarters running$Trimming-47% shares · 9 quarters running

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/lazard-asset-management-llc-1207017

LAZARD ASSET MANAGEMENT LLC 13F holdings — Q2 2026

$66.1B portfolio (+8.7% QoQ) · 1,935 holdings · Q2 2026 13F · top 10 are 25% of the stock portfolio

Includes $3.8M of put/call options ($2.9M puts, $904K calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $66.1B. Weights use the stock portfolio.

All holdings — LAZARD ASSET MANAGEMENT LLC (Q2 2026)

1,935 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated. The page lists up to 1,000; every position is in the Excel export.

Company
FER$FERFerrovial N.V.$1.0B+14%
ED$EDCONSOLIDATED EDISON INC$931.4M+19%
V$VVISA INC.$849.3M+3%
LLY$LLYELI LILLY & Co$832.8M-3%
KLAC$KLACKLA CORP$732.3M+730%
AMD$AMDADVANCED MICRO DEVICES INC$694.7M+26%
MU$MUMICRON TECHNOLOGY INC$650.5M-27%
ADI$ADIANALOG DEVICES INC$645.4M-5%
AVGO$AVGOBroadcom Inc.$633.5M-38%
PANW$PANWPalo Alto Networks Inc$618.9M-12%
BAC$BACBANK OF AMERICA CORP /DE/$616.4M-2%
ASML$ASMLASML HOLDING NV$569.3M-16%
TMO$TMOTHERMO FISHER SCIENTIFIC INC.$568.6M-7%
AMX$AMXAMERICA MOVIL SAB DE CV/adr$542.1M+0.2%
APH$APHAMPHENOL CORP /DE/$537.3M-4%

What changed in Q2 2026

Against the previous quarter's 13F: 301 new, 847 added to, 636 trimmed, 241 sold out. Share-count changes; largest moves by dollar size first.

New positions (301)

  • MPC$MPCMarathon Petroleum Corp$65.1M

    first bought this quarter

  • AZO$AZOAUTOZONE INC$64.1M

    first bought this quarter

  • PFGC$PFGCPerformance Food Group Co$26.1M

    first bought this quarter

  • CARE$CARECarter Bankshares, Inc.$21.8M

    first bought this quarter

  • HONA$HONAHoneywell Aerospace Inc.$18.9M

    first bought this quarter

  • BANR$BANRBANNER CORP$17.7M

    first bought this quarter

+295 more in the Excel export

Added to (847)

  • KLAC$KLACKLA CORP+730%

    now $732.3M · held 10+ qtrs

  • NVDA$NVDANVIDIA CORP+25%

    now $2.6B · held 10+ qtrs, 7 adds in a row

  • EXC$EXCEXELON CORP+31%

    now $1.5B · held 10+ qtrs, 4 adds in a row

  • COR$CORCencora, Inc.+513%

    now $261.2M · held 2 qtrs, 2 adds in a row

  • C$CCITIGROUP INC+1010%

    now $205.8M · held 10+ qtrs, 2 adds in a row

  • AMT$AMTAMERICAN TOWER CORP /MA/+15%

    now $1.4B · held 10+ qtrs, 6 adds in a row

+841 more in the Excel export

Trimmed (636)

  • CSX$CSXCSX CORP-100%

    now $2.5M

  • CNI$CNICANADIAN NATIONAL RAILWAY CO-57%

    now $466.3M · held 10+ qtrs

  • MRVL$MRVLMarvell Technology, Inc.-82%

    now $116.9M · held 10+ qtrs, 5 trims in a row

  • AVGO$AVGOBroadcom Inc.-38%

    now $633.5M · held 10+ qtrs

  • ASX$ASXASE Technology Holding Co., Ltd.-41%

    now $359.6M · held 10+ qtrs, 2 trims in a row

  • MU$MUMICRON TECHNOLOGY INC-27%

    now $650.5M · held 10+ qtrs, 4 trims in a row

+630 more in the Excel export

Sold out (241)

  • SPY$SPYCALLSPDR S&P 500 ETF TRUSTwas $23.4M
  • CUK$CUKCARNIVAL PLCwas $18.0M

    held 7 qtrs

  • PRIM$PRIMPrimoris Services Corpwas $14.7M

    held 9+ qtrs

  • CTRA$CTRACoterra Energy Inc.was $9.9M

    held 9+ qtrs

  • CG$CGCarlyle Group Inc.was $7.8M

    held 8 qtrs

  • THR$THRThermon Group Holdings, Inc.was $7.5M

+235 more in the Excel export

Firm AUM (Form ADV): $120.5B as of 2025-12-31 · SEC IAPD

Share

Holdings by quarter

Every 13F LAZARD ASSET MANAGEMENT LLC has filed, 40 earlier quarters. Pick one to see what it held then.

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Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 27, 2026.

Average quality of LAZARD ASSET MANAGEMENT's top 20 holdings: 75/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)

Top 10 since filing

+2.1%

Value-weighted move of the 10 largest stock positions

Turnover

11%

Last quarter; 47% over the last 4

Top 10 weight

25%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

96%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

LAZARD ASSET MANAGEMENT LLC disclosed 1,935 positions worth $66.1B in its Form 13F-HR for Q2 2026 — $66.1B in common stock plus $3.8M of put/call option positions (reported at underlying notional value, not premium at risk), led by $NVDA (NVIDIA CORP) at 3.9% of the equity portfolio, followed by $AAPL and $MSFT. During the quarter the fund opened 301 new positions and exited 241 — including a new stake in $MPC and a full exit from $SPY. The portfolio is most concentrated in Technology (37.1% of disclosed assets). All figures are sourced directly from LAZARD ASSET MANAGEMENT LLC’s Form 13F-HR filing with the SEC under CIK 1207017.

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AI-Powered Hedge Fund Analysis: LAZARD ASSET MANAGEMENT LLC

13F Pro is an AI hedge fund tracker and stock research platform. For LAZARD ASSET MANAGEMENT LLC (SEC CIK: 1207017), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in LAZARD ASSET MANAGEMENT LLC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.