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Asset Manager ← All Institutions

LAZARD ASSET MANAGEMENT LLC

Q3 2025 · Filed 2025-11-14
Market Value
$72.1B
+110621.8%
Holdings
2,153
-96
New Purchases
159
Added To
761
Closed
579
Reduced
555
Top 10 Concentration
26.1%
Turnover
34.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CNI 1.17% 0.00% +1.17% $844M
AMT 1.19% 0.07% +1.12% $859M
ED 0.83% 0.00% +0.83% $599M
LIN 0.63% 0.00% +0.63% $453M
AAPL 4.28% 3.72% +0.56% $3.1B
NVDA 2.09% 1.72% +0.37% $1.5B
GOOG 0.92% 0.59% +0.33% $660M
INFY 0.43% 0.12% +0.31% $313M
EXC 1.40% 1.13% +0.28% $1.0B
ESLT 0.24% 0.00% +0.24% $173M
CCEP 0.29% 0.08% +0.21% $211M
GOOGL 2.41% 2.21% +0.20% $1.7B
TSM 1.77% 1.57% +0.19% $1.3B
ORCL 0.23% 0.04% +0.19% $167M
AEM 0.21% 0.02% +0.18% $150M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NSC 0.00% 1.29% -1.29% $1M
AEP 0.05% 0.51% -0.46% $35M
AON 0.62% 1.00% -0.38% $449M
ICE 1.50% 1.87% -0.37% $1.1B
MSFT 5.46% 5.82% -0.35% $3.9B
WIX 0.02% 0.38% -0.35% $18M
ROK 0.69% 1.02% -0.33% $495M
AMZN 3.54% 3.86% -0.32% $2.5B
ES 0.00% 0.26% -0.26% $0
V 1.71% 1.97% -0.26% $1.2B
ACN 0.71% 0.96% -0.25% $511M
AMAT 0.82% 1.05% -0.23% $590M
CSX 1.51% 1.73% -0.22% $1.1B
LH 0.19% 0.40% -0.21% $139M
RYAAY 0.02% 0.21% -0.19% $13M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 76 $29.5B 41.0%
Large Cap 758 $37.3B 51.7%
Mid Cap 682 $4.0B 5.5%
Small Cap 524 $1.2B 1.6%
Micro Cap 113 $144M 0.2%

Portfolio Analytics

Avg Market Cap
$47.2B
Median Market Cap
$5.7B
Avg P/E
30.8
Median P/E
20.3
Avg Dividend Yield
0.02%
Avg Beta
1.04
# Stocks
2,013
# ETFs / Funds
140

Top Holdings (2,153 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 5.46% 7,606,278 $3.9B $517.75 $3.9B -7,737 -0.1%
2 AAPL 4.28% 12,113,366 $3.1B $254.53 $3.1B +307,864 +2.6%
3 AMZN 3.54% 11,607,864 $2.5B $219.57 $2.5B +155,510 +1.4%
4 GOOGL 2.41% 7,146,562 $1.7B $243.10 $1.7B -1,004,935 -12.3%
5 NVDA 2.09% 8,082,648 $1.5B $186.27 $1.5B +1,014,263 +14.3%
6 AVGO 1.87% 4,079,119 $1.3B $329.91 $1.3B -245,096 -5.7%
7 TSM 1.77% 4,558,569 $1.3B $279.29 $1.3B +40,103 +0.9%
8 V 1.71% 3,603,970 $1.2B $341.38 $1.2B -1,729 -0.1%
9 CSX 1.51% 30,690,116 $1.1B $35.51 $1.1B -3,802,146 -11.0%
10 ICE 1.50% 6,397,796 $1.1B $168.48 $1.1B -234,315 -3.5%
11 BAC 1.41% 19,702,392 $1.0B $51.59 $1.0B +60,537 +0.3%
12 EXC 1.40% 22,446,103 $1.0B $45.01 $1.0B +5,554,494 +32.9%
13 PG 1.28% 6,007,605 $923M $153.65 $922M +502,856 +9.1%
14 AMT 1.19% 4,464,382 $859M $192.31 $859M +4,250,242 +1984.8%
15 CNI 1.17% 8,955,711 $844M $94.28 $844M +8,954,310 +639137.0%
16 LLY 1.15% 1,083,948 $827M $762.63 $826M +66,050 +6.5%
17 TMO 1.07% 1,582,872 $768M $485.02 $767M -17,742 -1.1%
18 APH 1.06% 6,184,592 $765M $123.75 $765M -341,537 -5.2%
19 ADI 0.94% 2,759,919 $678M $245.70 $677M -47,935 -1.7%
20 GOOG 0.92% 2,709,744 $660M $243.55 $660M +561,243 +26.1%
21 BSX 0.91% 6,719,769 $656M $97.63 $655M +87,009 +1.3%
22 XOM 0.91% 5,812,338 $655M $112.75 $655M -435,539 -7.0%
23 DHR 0.91% 3,296,709 $654M $198.26 $653M -19,280 -0.6%
24 SCHW 0.87% 6,533,016 $624M $95.47 $623M -356,723 -5.2%
25 BX 0.86% 3,612,663 $617M $170.85 $617M -190,681 -5.0%
26 ED 0.83% 5,960,553 $599M $100.52 $599M +5,955,653 +121543.9%
27 MRK 0.82% 7,063,672 $593M $83.93 $592M +454,605 +6.9%
28 AMAT 0.82% 2,883,765 $590M $204.74 $590M -833,589 -22.4%
29 MDT 0.79% 6,001,342 $572M $95.23 $571M +957,149 +19.0%
30 WM 0.79% 2,586,393 $571M $220.83 $571M +70,363 +2.8%
31 QCOM 0.78% 3,375,638 $562M $166.36 $561M +112,734 +3.5%
32 KO 0.77% 8,407,620 $558M $66.32 $557M -104,911 -1.2%
33 MMC 0.77% 2,763,189 $557M $201.53 $556M +169,898 +6.5%
34 MRVL 0.75% 6,392,013 $537M $84.07 $537M -764,044 -10.7%
35 CB 0.71% 1,818,295 $513M $282.25 $513M +123,438 +7.3%
36 ACN 0.71% 2,073,651 $511M $246.60 $511M -14,435 -0.7%
37 CCI 0.69% 5,189,880 $501M $96.48 $500M -282,930 -5.2%
38 MCD 0.69% 1,647,378 $501M $303.89 $500M -101,970 -5.8%
39 AME 0.69% 2,645,977 $497M $188.00 $497M +695,419 +35.6%
40 ROK 0.69% 1,416,876 $495M $349.53 $495M -575,144 -28.9%
41 HD 0.68% 1,205,438 $488M $405.13 $488M -15,202 -1.2%
42 GS 0.66% 607,201 $479M $789.14 $479M +31,587 +5.5%
43 TT 0.65% 1,106,999 $467M $421.96 $467M -28,907 -2.5%
44 J 0.64% 3,096,748 $464M $149.86 $464M -84,479 -2.7%
45 LIN 0.63% 954,064 $453M $475.10 +954,064 NEW
46 AON 0.62% 1,260,420 $449M $356.58 $449M -562,466 -30.9%
47 EFX 0.62% 1,736,731 $446M $256.53 $445M +9,741 +0.6%
48 CBRE 0.57% 2,624,142 $413M $157.56 $413M -123,817 -4.5%
49 META 0.56% 545,000 $400M $734.38 $400M +104,530 +23.7%
50 CRM 0.55% 1,679,186 $398M $237.00 $398M +362,459 +27.5%
51 HDB 0.54% 11,476,763 $392M $34.16 $392M +5,952,801 +107.8%
52 TLK 0.52% 20,071,706 $378M $18.82 $377M +5,154,799 +34.6%
53 ZTS 0.52% 2,577,527 $377M $146.32 $377M -124,378 -4.6%
54 UNH 0.52% 1,081,118 $373M $345.30 $373M +185,175 +20.7%
55 AXP 0.52% 1,120,105 $372M $332.16 $372M -17,542 -1.5%
56 ADSK 0.51% 1,159,983 $368M $317.67 $368M +329,045 +39.6%
57 IQV 0.48% 1,839,038 $349M $189.94 $349M -27,499 -1.5%
58 CDNS 0.46% 953,730 $335M $351.26 $335M -684 -0.1%
59 CRH.L 0.46% 2,739,499 $328M $119.89 $328M -322,897 -10.5%
60 COP 0.45% 3,392,604 $321M $94.59 $321M -226,960 -6.3%
61 BA 0.44% 1,469,524 $317M $215.83 $317M -443,880 -23.2%
62 SPGI 0.44% 646,289 $315M $486.71 $314M +36,869 +6.0%
63 INFY 0.43% 19,240,608 $313M $16.27 $313M +14,869,550 +340.2%
64 PTC 0.43% 1,524,976 $310M $203.02 $309M -22,646 -1.5%
65 SLB 0.42% 8,897,810 $306M $34.37 $306M +2,108,832 +31.1%
66 NDSN 0.41% 1,299,434 $295M $226.95 $295M -258,289 -16.6%
67 ODFL 0.40% 2,054,044 $289M $140.78 $289M +120,564 +6.2%
68 INTU 0.38% 400,967 $274M $682.91 $274M +85,339 +27.0%
69 PBR 0.38% 21,569,843 $273M $12.66 $273M +2,430,091 +12.7%
70 ADBE 0.38% 773,002 $273M $352.75 $272M +23,864 +3.2%
71 MDLZ 0.37% 4,265,489 $266M $62.47 $266M -233,064 -5.2%
72 MU 0.35% 1,525,608 $255M $167.32 $255M -404,065 -20.9%
73 GE 0.35% 828,440 $249M $300.82 $249M +32,018 +4.0%
74 ISRG 0.35% 556,008 $249M $447.23 $248M -33,101 -5.6%
75 AMD 0.34% 1,535,818 $248M $161.79 $248M -70,384 -4.4%
76 VALE 0.34% 22,272,507 $242M $10.86 $242M +2,192,285 +10.9%
77 ASML 0.32% 240,232 $233M $968.09 $232M +761 +0.3%
78 IGT 0.32% 13,279,477 $229M $17.25 $229M -430,640 -3.1%
79 PAC 0.31% 947,581 $225M $237.19 $225M +112,212 +13.4%
80 OMC 0.31% 2,749,428 $224M $81.53 $224M -96,967 -3.4%
81 URI 0.31% 232,394 $222M $954.66 $222M +43,356 +22.9%
82 VRTX 0.30% 544,823 $213M $391.64 $213M +64,513 +13.4%
83 FI 0.30% 1,649,344 $213M $128.93 $212M +278,704 +20.3%
84 CCEP 0.29% 2,329,999 $211M $90.47 $211M +1,762,299 +310.4%
85 IVV 0.29% 307,431 $206M $669.30 $206M -11,367 -3.6%
86 ETN 0.28% 546,426 $204M $374.25 $204M -19,411 -3.4%
87 UL 0.28% 3,425,384 $203M $59.28 $203M -236,696 -6.5%
88 TX 0.28% 5,813,570 $202M $34.73 $202M +454,798 +8.5%
89 ASX 0.28% 18,012,941 $200M $11.09 $200M -148,987 -0.8%
90 BAP 0.27% 725,152 $193M $266.28 $193M +104,846 +16.9%
91 SNPS 0.27% 389,291 $192M $493.39 $192M +86,245 +28.5%
92 BABA 0.27% 1,071,580 $192M $178.73 $191M -50,709 -4.5%
93 TSLA 0.27% 430,442 $191M $444.72 $191M +133,491 +45.0%
94 AVY 0.26% 1,140,744 $185M $162.17 $185M -396,145 -25.8%
95 MA 0.25% 321,600 $183M $568.59 $183M +37,636 +13.2%
96 DE 0.25% 389,322 $178M $457.26 $178M +85,327 +28.1%
97 ESLT 0.24% 340,203 $173M $507.56 +340,203 NEW
98 ORCL 0.23% 593,032 $167M $281.24 $167M +467,028 +370.6%
99 HRB 0.23% 3,213,177 $162M $50.57 $162M +26,708 +0.8%
100 NKE 0.23% 2,325,505 $162M $69.73 $162M +1,938,856 +501.4%

Options Breakdown

4 Calls $6M Call Value 12 Puts $115M Put Value 18.49 P/C Ratio

Top Calls

SymbolSharesValueStatus
BILL 60,000 $3M NEW
PAR 50,000 $2M NEW
SRPT 37,500 $723K NEW
PRCH 20,000 $336K NEW

Top Puts

SymbolSharesValueStatus
SPY 100,000 $67M NEW
IWM 100,000 $24M NEW
OPEN 1,000,000 $8M NEW
APP 5,000 $4M NEW
W 40,000 $4M NEW
BILL 38,100 $2M NEW
BE 20,000 $2M NEW
XMTR 30,000 $2M NEW
BBAI 200,000 $1M NEW
WDC 10,000 $1M NEW

New Positions

SymbolValue% Port
LIN $453M 0.63%
ESLT $173M 0.24%
BN $59M 0.08%
KGC $54M 0.07%
DB $48M 0.07%
MGA $24M 0.03%
RACE $20M 0.03%
EMRAF $11M 0.02%
HBM $11M 0.02%
UBS $11M 0.02%
MKC $11M 0.01%
CNQ $9M 0.01%
PENG $9M 0.01%
LITE $7M 0.01%
BNS $7M 0.01%

Sold Out Positions

SymbolValue% Port
BKKT —%
CCS —%
YUM —%
EXR —%
BKD —%
MEC —%
RSI —%
GOOS —%
GLW —%
CSV —%
FLR —%
OC —%
MC —%
HLI —%
YETI —%
View SEC EDGAR Filings for LAZARD ASSET MANAGEMENT LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms