LAZARD ASSET MANAGEMENT LLC

CIK

1207017

Location

NEW YORK, NY

Portfolio Value

Large $58,526,672,083

Diversification

Diversified

Filing Date

Global Rank

#124 / 8,621 ▲ 4 · as of Mar 2026

Top Industry

Semiconductors 10.1%

3Y Alpha vs SPY

-5.8%

Period ended 4 months ago

Filed May 15, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+50.0%

SPY

+67.9%

Annualised alpha

-4.4%

Max drawdown

−18.0%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

1,556 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

3.6%

−0.6 pts

Top 5

14.9%

−0.5 pts

Top 10

23.9%

−0.3 pts

HHI

Diversified−6

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	28.0%	$16,376,566,089	281
Industrials	13.7%	$8,034,800,624	230
Financial Services	13.2%	$7,727,437,081	243
Healthcare	10.3%	$6,033,592,378	204
Consumer Cyclical	7.5%	$4,388,011,586	159
Communication Services	5.5%	$3,217,474,648	63
Real Estate	4.8%	$2,804,401,593	81
Energy	4.4%	$2,554,296,267	93
Consumer Defensive	4.3%	$2,499,824,284	79
Utilities	4.2%	$2,481,938,857	43
Basic Materials	3.7%	$2,174,586,676	73
Unclassified	0.4%	$233,742,000	7

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
TLK	Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk	+4,770,126	25,129,891	$469,426,363
INFY	Infosys Ltd	+3,893,801	26,776,494	$361,750,432
AMX	America Movil Sab De Cv/	+3,140,360	20,807,915	$530,185,674
UL	Unilever PLC	+2,433,625	2,794,600	$159,208,361
PBR	Petrobras - Petroleo Brasileiro SA	+2,080,666	25,251,430	$523,967,171
NVDA	Nvidia Corp	+1,923,175	10,321,287	$1,800,032,452
CCI	Crown Castle Inc.	+1,828,065	13,463,182	$1,094,691,328
ARCO	Arcos Dorados Holdings Inc.	+1,703,169	23,174,841	$191,192,437
NFE	New Fortress Energy Inc.	+1,527,509	1,614,029	$952,277
VET	Vermilion Energy Inc.	+1,495,008	1,513,981	$20,862,658
EXC	Exelon Corp	+1,490,251	24,620,304	$1,206,887,302
ERIC	Ericsson Lm Telephone Co	+1,318,114	3,898,875	$43,940,321
HRB	H&R Block Inc	+1,269,064	3,761,094	$119,377,123
AMT	American Tower Corp /Ma/	+1,240,780	7,325,943	$1,264,311,242
QNST	Quinstreet, Inc	+1,240,667	1,441,113	$17,307,767
B	Barrick Mining Corp	+1,224,980	3,837,842	$156,545,575
VALE	Vale S.A.	+1,205,280	23,685,915	$376,842,907
CTSH	Cognizant Technology Solutions Corp	+1,162,580	1,317,166	$80,808,134
AEO	American Eagle Outfitters Inc	+1,151,091	1,296,011	$21,643,383
PAGS	PagSeguro Digital Ltd.	+1,001,581	1,986,771	$19,907,445
HESM	Hess Midstream LP	+980,929	1,069,244	$41,561,514
NU	Nu Holdings Ltd.	+976,963	2,748,533	$39,496,418
BSX	Boston Scientific Corp	+970,473	4,880,504	$306,251,625
FOXA	Fox Corp	+956,250	1,481,833	$86,539,047
PANW	Palo Alto Networks Inc	+939,344	2,073,481	$332,420,473
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
MFG	Mizuho Financial Group Inc	−7,656,003	2,851,067	$22,637,471
ASX	ASE Technology Holding Co., Ltd.	−6,480,696	13,530,133	$293,333,282
CSX	Csx Corp	−2,326,602	18,333,511	$752,590,626
XRAY	DENTSPLY SIRONA Inc.	−2,018,179	6,715,763	$77,902,850
ING	Ing Groep NV	−1,934,387	981,440	$25,566,512
SDGR	Schrodinger, Inc.	−1,922,483	212,485	$2,413,829
MDLZ	Mondelez International, Inc.	−1,764,343	12,948	$746,322
HDB	Hdfc Bank Ltd	−1,541,252	10,937,089	$272,114,774
PYPL	PayPal Holdings, Inc.	−1,523,065	537,800	$24,324,694
PFE	Pfizer Inc	−1,500,673	340,255	$9,554,360
GIL	Gildan Activewear Inc.	−1,380,968	531,200	$29,561,280
MRK	Merck & Co., Inc.	−1,152,710	3,254,331	$391,463,475
SLB	Slb Limited/Nv	−1,130,941	7,859,902	$403,920,363
TME	Tencent Music Entertainment Group	−1,007,011	60,263	$559,240
TDF	Templeton Dragon Fund Inc	−994,255	1,841,353	$19,536,755
KVUE	Kenvue Inc.	−925,250	4,286,035	$73,891,243
SBUX	Starbucks Corp	−891,740	153,273	$13,731,727
PROP	Prairie Operating Co.	−804,684	158,707	$322,175
NVO	Novo Nordisk A S	−767,290	92,516	$3,399,963
MICC	Magnum Ice Cream Co N.V.	−765,969	11,858	$177,276
MRVL	Marvell Technology, Inc.	−756,931	2,161,634	$214,109,846
IRWD	Ironwood Pharmaceuticals Inc	−710,256	290,189	$1,018,563
CCEP	COCA-COLA EUROPACIFIC PARTNERS plc	−637,367	1,209,597	$109,674,159
CP	Canadian Pacific Kansas City Ltd/Cn	−632,459	367,019	$28,869,714
IBN	Icici Bank Ltd	−606,499	3,254,423	$84,289,555
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	2,216,887	$437,214,454
RBA	Rb Global Inc.	2,191,875	$210,091,218
VIST	Vista Energy, S.A.B. de C.V.	1,359,618	$102,610,369
CPB	CAMPBELL'S Co	2,750,811	$61,260,560
ACM	Aecom	644,734	$54,686,337
COR	Cencora, Inc.	150,465	$47,267,075
PAYX	Paychex Inc	465,374	$42,870,252
PNFP	Pinnacle Financial Partners, Inc.	316,022	$27,222,135
APA	APA Corp	485,271	$20,594,901
EDU	New Oriental Education & Technology Group Inc.	327,183	$18,528,373
WAB	Westinghouse Air Brake Technologies Corp	56,622	$14,150,404
ARE	Alexandria Real Estate Equities, Inc.	291,687	$13,540,110
EQT	EQT Corp	112,151	$7,137,289
SQM	Chemical & Mining Co Of Chile Inc	77,306	$6,257,147
PLNT	Planet Fitness, Inc.	78,468	$5,836,449
BIO	Bio-Rad Laboratories, Inc.	18,290	$5,098,337
PLAB	Photronics Inc	117,365	$4,742,719
PFG	Principal Financial Group Inc	51,957	$4,681,845
EQPT	EquipmentShare.com Inc	212,551	$4,329,663
BOBS	Bob's Discount Furniture, Inc.	363,600	$4,272,300
MUSA	Murphy USA Inc.	8,246	$4,073,276
OFRM	Once Upon a Farm, PBC	241,647	$3,950,928
DGII	Digi International Inc	80,896	$3,899,187
MGRC	Mcgrath Rentcorp	35,155	$3,876,893
PLUS	Eplus Inc	47,854	$3,601,013
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
BAX	Baxter International Inc	6,188,011	$118,252,890
ESLT	Elbit Systems Ltd	129,441	$74,779,360
KR	Kroger Co	383,535	$23,963,266
MMYT	MakeMyTrip Ltd	228,977	$18,803,590
CBSH	Commerce Bancshares Inc /Mo/	341,490	$17,873,585
LEG	Leggett & Platt Inc	1,026,959	$11,296,549
DKS	Dick's Sporting Goods, Inc.	54,724	$10,833,710
ASND	Ascendis Pharma A/S	39,135	$8,345,147
WIT	Wipro Ltd	2,644,109	$7,509,269
WLK	Westlake Corp	74,428	$5,503,206
GHC	Graham Holdings Co	4,549	$4,997,531
NHC	National Healthcare Corp	36,225	$4,966,085
EXAS	EXACT SCIENCES CORP	46,626	$4,735,336
CSW	Csw Industrials, Inc.	15,636	$4,589,635
LNN	Lindsay Corp	34,827	$4,105,058
ODD	Oddity Tech Ltd	99,954	$4,016,151
MTSI	MACOM Technology Solutions Holdings, Inc.	22,440	$3,843,523
SRAD	Sportradar Group AG	155,995	$3,708,001
PLPC	Preformed Line Products Co	17,668	$3,652,152
RBLX	Roblox Corp	43,074	$3,490,286
NOK	Nokia Corp	493,924	$3,195,688
ADUS	Addus HomeCare Corp	26,869	$2,885,461
VRRM	VERRA MOBILITY Corp	125,541	$2,813,373
MTG	Mgic Investment Corp	95,289	$2,784,344
HSAI	Hesai Group	123,586	$2,768,326
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,556 positions · $58,526,672,083 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 1,556 positions by value · page 1 of 32

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Added	8,235,113	+865,600	$2,089,989,326	+4.3%	3.57%
MSFT	Microsoft Corp Technology	Added	5,298,695	+373,462	$1,961,417,926	−17.7%	3.35%
NVDA	Nvidia Corp Technology	Added	10,321,287	+1,923,175	$1,800,032,452	+14.9%	3.08%
AMZN	Amazon Com Inc Consumer Cyclical	Added	7,712,017	+472,668	$1,606,181,779	−3.9%	2.74%
AMT	American Tower Corp /Ma/ Real Estate	Added	7,325,943	+1,240,780	$1,264,311,242	+18.3%	2.16%
EXC	Exelon Corp Utilities	Added	24,620,304	+1,490,251	$1,206,887,302	+19.7%	2.06%
CCI	Crown Castle Inc. Real Estate	Added	13,463,182	+1,828,065	$1,094,691,328	+5.9%	1.87%
GOOGL	Alphabet Inc. Communication Services	Reduced	3,509,020	-10,770	$1,009,053,790	−8.4%	1.72%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	2,949,128	-300,751	$996,657,807	+0.9%	1.70%
CNI	Canadian National Railway Co Industrials	Added	9,077,518	+173,894	$932,896,524	+6.0%	1.59%
FER	Ferrovial N.V. Industrials	Reduced	12,965,547	-515,836	$843,408,832	−3.2%	1.44%
AVGO	Broadcom Inc. Technology	Added	2,721,809	+299,575	$842,427,102	+0.5%	1.44%
ED	Consolidated Edison Inc Utilities	Added	7,075,838	+910,244	$800,843,344	+30.8%	1.37%
CSX	Csx Corp Industrials	Reduced	18,333,511	-2,326,602	$752,590,626	+0.5%	1.29%
V	Visa Inc. Financial Services	Added	2,414,787	+55,185	$729,845,222	−11.8%	1.25%
LLY	ELI LILLY & Co Healthcare	Added	718,105	+48,183	$660,491,434	−8.3%	1.13%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	1,222,057	-12,377	$600,677,675	−16.0%	1.03%
ADI	Analog Devices Inc Technology	Added	1,708,858	+101,298	$543,656,082	+24.7%	0.93%
BAC	Bank Of America Corp /De/ Financial Services	Added	11,090,814	+590,968	$540,677,181	−6.4%	0.92%
AMX	America Movil Sab De Cv/ Communication Services	Added	20,807,915	+3,140,360	$530,185,674	+45.2%	0.91%
PBR	Petrobras - Petroleo Brasileiro SA Energy	Added	25,251,430	+2,080,666	$523,967,171	+90.8%	0.90%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	3,576,736	-17,704	$516,623,746	+0.3%	0.88%
ICE	Intercontinental Exchange, Inc. Financial Services	Added	3,271,540	+1,342	$514,547,809	−2.8%	0.88%
TLK	Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk Communication Services	Added	25,129,891	+4,770,126	$469,426,363	+9.5%	0.80%
ASML	Asml Holding NV Technology	Added	339,642	+69,668	$448,609,342	+55.3%	0.77%
AZN	Astrazeneca PLC Healthcare	NEW	2,216,887	NEW	$437,214,454	NEW	0.75%
SLB	Slb Limited/Nv Energy	Reduced	7,859,902	-1,130,941	$403,920,363	+17.1%	0.69%
APH	Amphenol Corp /De/ Technology	Reduced	3,178,900	-574,093	$401,654,015	−20.8%	0.69%
AON	Aon plc Financial Services	Reduced	1,217,243	-68,829	$392,901,695	−13.4%	0.67%
MRK	Merck & Co., Inc. Healthcare	Reduced	3,254,331	-1,152,710	$391,463,475	−15.6%	0.67%
DHR	Danaher Corp /De/ Healthcare	Reduced	2,028,965	-143,847	$384,691,763	−22.7%	0.66%
VALE	Vale S.A. Basic Materials	Added	23,685,915	+1,205,280	$376,842,907	+28.6%	0.64%
META	Meta Platforms, Inc. Communication Services	Added	636,999	+93,666	$364,446,237	+1.6%	0.62%
INFY	Infosys Ltd Technology	Added	26,776,494	+3,893,801	$361,750,432	−11.3%	0.62%
XOM	ExxonMobil Holdings Corp Energy	Reduced	2,095,426	-38,986	$355,509,974	+38.4%	0.61%
AME	Ametek Inc/ Industrials	Added	1,618,526	+70,693	$346,947,233	+9.2%	0.59%
PANW	Palo Alto Networks Inc Technology	Added	2,073,481	+939,344	$332,420,473	+59.1%	0.57%
QCOM	Qualcomm Inc/De Technology	Added	2,542,547	+256,200	$327,429,202	−16.3%	0.56%
LIN	Linde PLC Basic Materials	Added	654,947	+9,545	$324,696,523	+18.0%	0.55%
WM	Waste Management Inc Industrials	Added	1,386,375	+8,043	$318,575,110	+5.2%	0.54%
JNJ	Johnson & Johnson Healthcare	Added	1,302,952	+398,406	$318,493,585	+70.1%	0.54%
IQV	Iqvia Holdings Inc. Healthcare	Reduced	1,858,834	-38,116	$317,005,549	−25.9%	0.54%
CB	Chubb Ltd Financial Services	Reduced	971,744	-83,280	$316,720,521	−3.8%	0.54%
KO	Coca Cola Co Consumer Defensive	Added	4,112,600	+30,502	$312,763,228	+9.6%	0.53%
BSX	Boston Scientific Corp Healthcare	Added	4,880,504	+970,473	$306,251,625	−17.9%	0.52%
ISRG	Intuitive Surgical Inc Healthcare	Added	648,649	+100,428	$299,020,702	−3.7%	0.51%
ADSK	Autodesk, Inc. Technology	Added	1,248,808	+128,159	$298,964,634	−9.9%	0.51%
ASX	ASE Technology Holding Co., Ltd. Technology	Reduced	13,530,133	-6,480,696	$293,333,282	−9.0%	0.50%
PAC	Pacific Airport Group Industrials	Added	1,172,634	+18,139	$289,488,154	−4.9%	0.49%
MDT	Medtronic plc Healthcare	Reduced	3,309,161	-102,641	$286,738,800	−12.5%	0.49%