LAZARD ASSET MANAGEMENT LLC

CIK

1207017

Location

NEW YORK, NY

Portfolio Value

Mid $2,554,296,267

Diversification

Diversified

Filing Date

Global Rank

#67 / 8,232 ▲ 7

Top Industry

Semiconductors 10.0%

3Y Alpha vs SPY

-5.9%

Period ended 2 months ago

Filed May 15, 2026 · 29d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+51.8%

SPY

+76.5%

Annualised alpha

-5.9%

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

1,550 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

3.5%

−0.6 pts

Top 5

14.8%

−0.5 pts

Top 10

23.7%

−0.4 pts

HHI

Diversified−6

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	28.4%	$16,767,134,446	281
Industrials	13.6%	$8,048,055,141	229
Financial Services	13.1%	$7,741,900,580	243
Healthcare	10.2%	$6,033,354,762	203
Consumer Cyclical	7.6%	$4,458,200,447	158
Communication Services	5.5%	$3,217,342,549	62
Real Estate	4.8%	$2,804,401,593	81
Energy	4.3%	$2,554,296,267	93
Consumer Defensive	4.2%	$2,491,317,000	78
Utilities	4.2%	$2,481,797,527	42
Basic Materials	3.7%	$2,174,603,438	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

93 positions · $2,554,296,267 total · Energy 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 93 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PBR	Petrobras - Petroleo Brasileiro SA Energy	Added	25,251,430	+2,080,666	$523,967,171	+90.8%	20.51%
SLB	Slb Limited/Nv Energy	Reduced	7,859,902	-1,130,941	$403,920,363	+17.1%	15.81%
XOM	Exxon Mobil Corp Energy	Reduced	2,095,426	-38,986	$355,509,974	+38.4%	13.92%
TTE	TotalEnergies SE Energy	Added	2,659,978	+616,387	$242,004,798	+81.0%	9.47%
SU	Suncor Energy Inc Energy	Reduced	2,895,460	-43,710	$191,418,860	+46.8%	7.49%
COP	Conocophillips Energy	Reduced	1,449,245	-130,256	$191,300,340	+29.4%	7.49%
VIST	Vista Energy, S.A.B. de C.V. Energy	NEW	1,359,618	NEW	$102,610,369	NEW	4.02%
SHEL	Shell plc Energy	Added	886,141	+801,361	$82,411,113	+1222.9%	3.23%
FTI	TechnipFMC plc Energy	Added	923,274	+208,692	$63,825,931	+100.4%	2.50%
CVX	Chevron Corp Energy	Added	203,477	+8,662	$42,099,389	+41.8%	1.65%
HESM	Hess Midstream LP Energy	Added	1,069,244	+980,929	$41,561,514	+1264.1%	1.63%
AR	ANTERO RESOURCES Corp Energy	Added	733,422	+594,352	$31,126,429	+549.5%	1.22%
DVN	Devon Energy Corp/De Energy	Added	562,059	+486,473	$28,282,808	+921.5%	1.11%
TRGP	Targa Resources Corp. Energy	Added	106,738	+26,934	$26,762,418	+81.8%	1.05%
HAL	Halliburton Co Energy	Added	539,899	+482,846	$21,050,662	+1205.6%	0.82%
VET	Vermilion Energy Inc. Energy	Added	1,513,981	+1,495,008	$20,862,658	+13084.7%	0.82%
APA	APA Corp Energy	NEW	485,271	NEW	$20,594,901	NEW	0.81%
OVV	Ovintiv Inc. Energy	Added	220,932	+20,969	$13,114,523	+67.4%	0.51%
EOG	Eog Resources Inc Energy	Reduced	76,925	-17,562	$11,121,047	+12.1%	0.44%
CTRA	Coterra Energy Inc. Energy	Reduced	282,768	-63,052	$9,936,467	+9.2%	0.39%
EFXT	Enerflex Ltd. Energy	Added	382,333	+93,545	$7,998,406	+79.5%	0.31%
NFG	National Fuel Gas Co Energy	Added	76,253	+18,994	$7,164,731	+56.3%	0.28%
EQT	EQT Corp Energy	NEW	112,151	NEW	$7,137,289	NEW	0.28%
AESI	Atlas Energy Solutions Inc. Energy	Added	525,301	+171,188	$6,891,949	+106.6%	0.27%
WHD	Cactus, Inc. Energy	Reduced	133,857	-22,789	$6,340,806	−11.4%	0.25%
CNQ	Canadian Natural Resources Ltd Energy	Reduced	121,174	-183,944	$5,904,809	−42.8%	0.23%
BKR	Baker Hughes Co Energy	Added	90,064	+73,923	$5,498,407	+648.0%	0.22%
KGS	Kodiak Gas Services, Inc. Energy	Reduced	84,385	-21,391	$4,921,333	+24.4%	0.19%
WFRD	Weatherford International plc Energy	Added	41,570	+8,144	$3,931,690	+50.3%	0.15%
AM	Antero Midstream Corp Energy	Added	169,025	+7,977	$3,853,770	+34.5%	0.15%
TS	Tenaris SA Energy	Added	58,252	+284	$3,389,100	+52.1%	0.13%
REPX	Riley Exploration Permian, Inc. Energy	Added	79,098	+67,254	$2,883,122	+822.1%	0.11%
BWLP	BW LPG Ltd Energy	Reduced	156,366	-20,273	$2,716,077	+17.4%	0.11%
FLOC	Flowco Holdings Inc. Energy	Added	128,118	+25,144	$2,639,230	+36.8%	0.10%
CRC	California Resources Corp Energy	Added	37,986	+3,900	$2,629,390	+72.5%	0.10%
NESR	National Energy Services Reunited Corp. Energy	Added	120,408	+2,630	$2,585,159	+40.2%	0.10%
BTE	Baytex Energy Corp. Energy	Added	571,906	+545,808	$2,556,419	+2932.7%	0.10%
AROC	Archrock, Inc. Energy	Added	73,158	+7,429	$2,545,898	+48.9%	0.10%
PDS	PRECISION DRILLING Corp Energy	Added	25,392	+21,425	$2,498,572	+776.2%	0.10%
NOV	NOV Inc. Energy	Added	119,363	+18,565	$2,245,218	+42.5%	0.09%
LPG	Dorian Lpg Ltd. Energy	NEW	64,641	NEW	$2,210,722	NEW	0.09%
BORR	Borr Drilling Ltd Energy	NEW	374,429	NEW	$2,160,455	NEW	0.08%
SOBO	South Bow Corp Energy	NEW	64,162	NEW	$2,137,877	NEW	0.08%
TNK	Teekay Tankers Ltd. Energy	NEW	28,759	NEW	$2,108,609	NEW	0.08%
CRGY	Crescent Energy Co Energy	Added	155,349	+8,003	$2,097,211	+69.6%	0.08%
INSW	International Seaways, Inc. Energy	NEW	28,551	NEW	$2,080,796	NEW	0.08%
SM	SM Energy Co Energy	Added	61,795	+42,778	$1,926,768	+441.8%	0.08%
INR	Infinity Natural Resources, Inc. Energy	Added	106,659	+91,823	$1,878,264	+759.5%	0.07%
TRMD	TORM plc Energy	NEW	65,193	NEW	$1,818,884	NEW	0.07%
EXE	EXPAND ENERGY Corp Energy	NEW	13,520	NEW	$1,484,225	NEW	0.06%