LAZARD ASSET MANAGEMENT LLC
Filing Date
Global Rank
#124
/ 8,586
▲ 4
Top Industry
Semiconductors
10.0%
3Y Alpha vs SPY
-6.5%
Period ended 3 months ago
Filed May 15, 2026 · 32d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+51.1%
SPY
+78.1%
Annualised alpha
-6.5%
Max drawdown
−18.0%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
1,552 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
3.5%
−0.6 pts
Top 5
14.8%
−0.5 pts
Top 10
23.7%
−0.4 pts
HHI
96
Diversified−6
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 28.4% | $16,767,134,446 |
| Industrials | 13.6% | $8,049,114,205 |
| Financial Services | 13.1% | $7,741,900,580 |
| Healthcare | 10.2% | $6,033,354,762 |
| Consumer Cyclical | 7.6% | $4,458,200,447 |
| Communication Services | 5.5% | $3,217,342,549 |
| Real Estate | 4.8% | $2,804,401,593 |
| Energy | 4.3% | $2,554,296,267 |
| Consumer Defensive | 4.2% | $2,491,317,000 |
| Utilities | 4.2% | $2,481,938,857 |
| Basic Materials | 3.7% | $2,174,603,438 |
| Unclassified | 0.4% | $233,742,000 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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. | ||||
78 positions ·
$2,491,317,000 total
· Consumer Defensive only
· 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 78 positions by value
· page 1 of 2
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Reduced | 3,576,736 | $516,623,746 | 20.74% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Added | 4,112,600 | $312,763,228 | 12.55% | |
| PEP |
Pepsico Inc
Consumer Defensive
|
Added | 1,407,731 | $218,606,546 | 8.77% | |
| COST |
Costco Wholesale Corp /New
Consumer Defensive
|
Added | 180,870 | $180,224,294 | 7.23% | |
| CL |
Colgate Palmolive Co
Consumer Defensive
|
Added | 2,018,463 | $172,033,600 | 6.91% | |
| UL |
Unilever PLC
Consumer Defensive
|
Added | 2,794,600 | $159,208,361 | 6.39% | |
| CCEP |
COCA-COLA EUROPACIFIC PARTNERS plc
Consumer Defensive
|
Reduced | 1,209,597 | $109,674,159 | 4.40% | |
| PM |
Philip Morris International Inc.
Consumer Defensive
|
Reduced | 610,714 | $100,975,452 | 4.05% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Added | 766,542 | $95,265,839 | 3.82% | |
| KVUE |
Kenvue Inc.
Consumer Defensive
|
Reduced | 4,286,035 | $73,891,243 | 2.97% | |
| MO |
Altria Group, Inc.
Consumer Defensive
|
Added | 1,088,444 | $71,826,419 | 2.88% | |
| FMX |
Mexican Economic Development Inc
Consumer Defensive
|
Reduced | 640,916 | $71,180,130 | 2.86% | |
| CPB |
CAMPBELL'S Co
Consumer Defensive
|
NEW | 2,750,811 | $61,260,560 | 2.46% | |
| TGT |
Target Corp
Consumer Defensive
|
Added | 504,125 | $61,099,950 | 2.45% | |
| BJ |
BJ's Wholesale Club Holdings, Inc.
Consumer Defensive
|
Reduced | 319,890 | $31,483,573 | 1.26% | |
| MNST |
Monster Beverage Corp
Consumer Defensive
|
Added | 281,194 | $20,375,317 | 0.82% | |
| EDU |
New Oriental Education & Technology Group Inc.
Consumer Defensive
|
NEW | 327,183 | $18,528,373 | 0.74% | |
| KDP |
Keurig Dr Pepper Inc.
Consumer Defensive
|
Added | 702,373 | $18,493,481 | 0.74% | |
| SJM |
J M SMUCKER Co
Consumer Defensive
|
Reduced | 175,759 | $16,950,197 | 0.68% | |
| SFM |
Sprouts Farmers Market, Inc.
Consumer Defensive
|
Added | 179,691 | $13,859,566 | 0.56% | |
| DEO |
Diageo PLC
Consumer Defensive
|
Added | 182,390 | $13,578,935 | 0.55% | |
| KMB |
Kimberly Clark Corp
Consumer Defensive
|
Reduced | 130,407 | $12,580,363 | 0.50% | |
| SYY |
Sysco Corp
Consumer Defensive
|
Added | 163,453 | $11,659,102 | 0.47% | |
| CVSA |
Covista Inc.
Consumer Defensive
|
Added | 92,324 | $10,640,341 | 0.43% | |
| DG |
Dollar General Corp
Consumer Defensive
|
Added | 65,496 | $7,776,340 | 0.31% | |
| COKE |
Coca-Cola Consolidated, Inc.
Consumer Defensive
|
Added | 36,005 | $6,903,598 | 0.28% | |
| SFD |
Smithfield Foods Inc
Consumer Defensive
|
Added | 235,385 | $6,583,718 | 0.26% | |
| LAUR |
Laureate Education, Inc.
Consumer Defensive
|
Added | 186,545 | $6,499,227 | 0.26% | |
| MKC |
Mccormick & Co Inc
Consumer Defensive
|
Reduced | 128,304 | $6,471,653 | 0.26% | |
| FDP |
Fresh Del Monte Produce Inc
Consumer Defensive
|
Added | 138,416 | $5,572,628 | 0.22% | |
| PRDO |
PERDOCEO EDUCATION Corp
Consumer Defensive
|
Added | 146,199 | $5,440,064 | 0.22% | |
| KOF |
Coca Cola Femsa Sab De CV
Consumer Defensive
|
Reduced | 46,473 | $4,533,441 | 0.18% | |
| DLTR |
Dollar Tree, Inc.
Consumer Defensive
|
Added | 39,380 | $4,312,503 | 0.17% | |
| CHEF |
Chefs' Warehouse, Inc.
Consumer Defensive
|
Reduced | 66,953 | $3,980,355 | 0.16% | |
| OFRM |
Once Upon a Farm, PBC
Consumer Defensive
|
NEW | 241,647 | $3,950,928 | 0.16% | |
| DOLE |
Dole plc
Consumer Defensive
|
Added | 256,717 | $3,668,485 | 0.15% | |
| INGR |
Ingredion Inc
Consumer Defensive
|
Added | 32,525 | $3,664,266 | 0.15% | |
| JBSS |
Sanfilippo John B & Son Inc
Consumer Defensive
|
Added | 45,720 | $3,626,967 | 0.15% | |
| NOMD |
Nomad Foods Ltd
Consumer Defensive
|
NEW | 315,208 | $3,029,148 | 0.12% | |
| AGRO |
Adecoagro S.A.
Consumer Defensive
|
Added | 197,265 | $2,962,920 | 0.12% | |
| ADM |
Archer-Daniels-Midland Co
Consumer Defensive
|
NEW | 36,419 | $2,647,297 | 0.11% | |
| NUS |
Nu Skin Enterprises, Inc.
Consumer Defensive
|
Added | 330,647 | $2,407,110 | 0.10% | |
| TBBB |
Bbb Foods Inc
Consumer Defensive
|
Added | 63,744 | $2,254,625 | 0.09% | |
| NATR |
Natures Sunshine Products Inc
Consumer Defensive
|
Added | 93,728 | $2,248,534 | 0.09% | |
| STRA |
Strategic Education, Inc.
Consumer Defensive
|
Added | 23,741 | $1,969,553 | 0.08% | |
| DNUT |
Krispy Kreme, Inc.
Consumer Defensive
|
NEW | 555,337 | $1,882,592 | 0.08% | |
| VLGEA |
Village Super Market Inc
Consumer Defensive
|
Added | 44,431 | $1,876,321 | 0.08% | |
| GIS |
General Mills Inc
Consumer Defensive
|
Reduced | 48,185 | $1,793,445 | 0.07% | |
| TAL |
TAL Education Group
Consumer Defensive
|
Reduced | 153,347 | $1,743,555 | 0.07% | |
| APEI |
American Public Education Inc
Consumer Defensive
|
Reduced | 29,908 | $1,701,167 | 0.07% |