SEC 13F Intelligence

Managers / Q1 2019 · view latest →

LAZARD ASSET MANAGEMENT LLC

CIK 0001207017 · 30 ROCKEFELLER PLZ, 56TH FL., NEW YORK, NY, 10112 · 2126321890

Reported Value
$60.8B
Q1 2019
Positions
1,536
Filings on Record
48
2019–present window
Filed
May 13, 2019
original filing

Summary

Lazard Asset Management LLC reported $60.8B in U.S.-listed holdings across 1,536 positions for Q1 2019.

Its largest position, Medtronic, represents 4.0% of the portfolio.

Compared with Q4 2018, the fund opened 249 new positions and exited 114.

Portfolio Metrics

Turnover
+7.0%
vs prior filed quarter
Top-10 Concentration
+22.2%
share of reported value
Largest Position
+4.0%
Medtronic
New / Exited
249 / 114
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $48.8BQ4 ’18Q1 ’19: $60.8BQ2 ’19: $61.8BQ3 ’19: $60.9BQ4 ’19: $70.0BQ4 ’19Q1 ’20: $54.6BQ2 ’20: $65.1BQ3 ’20: $71.1BQ4 ’20: $79.1BQ4 ’20Q1 ’21: $82.6BQ2 ’21: $89.1BQ3 ’21: $88.6BQ4 ’21: $94.0BQ4 ’21Q1 ’22: $86.3BQ2 ’22: $73.9BQ3 ’22: $68.4BQ1 ’23: $76MQ1 ’23Q2 ’23: $81MQ3 ’23: $74MQ4 ’23: $79MQ1 ’24: $82MQ1 ’24Q2 ’24: $80MQ3 ’24: $75MQ4 ’24: $68MQ1 ’25: $65MQ1 ’25Q2 ’25: $73MQ4 ’25: $59.0BQ1 ’26: $60.8Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 63.1%ADR: 17.6%Other: 12.5%US DOMESTIC: 2.9%Closed-End Fund: 1.3%Other: 2.5%
  • Common Stock · 63.1% · $38.4B
  • ADR · 17.6% · $10.7B
  • Other · 12.5% · $7.6B
  • US DOMESTIC · 2.9% · $1.8B
  • Closed-End Fund · 1.3% · $805M
  • Other · 2.5% · $1.5B

Quarter-over-Quarter Changes full breakdown →

vs Q4 2018 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ELANELANCO ANIMAL HNEW+10.64M10.64M+$341M$341M
ZEN 0.25-03/23NEW+47.44M47.44M+$69M$69M
ETSY 0-03/01/23NEW+29.34M29.34M+$57M$57M
LYV 2.5-03/23NEW+42.62M42.62M+$49M$49M
CZR 5 10/1/24NEW+22.50M22.50M+$32M$32M
GARDNER DENVERNEW+981.9K981.9K+$27M$27M
SRPT 1.5-11/24NEW+15.01M15.01M+$27M$27M
OKTA 0.25-02/23NEW+13.01M13.01M+$24M$24M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2019

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MEDTRONIC PLCCommon Stock4.03%$2.5B26.95M
2GOOGLALPHABET INC Ahistory →Common Stock2.51%$1.5B1.30M
3AON PLCCommon Stock2.50%$1.5B8.90M
4CSCOCISCO SYS INChistory →Common Stock2.44%$1.5B27.47M
5KOCOCA COLA COhistory →Common Stock2.23%$1.4B28.96M
6MSFTMICROSOFT CORPhistory →Common Stock1.79%$1.1B9.23M
7NSCNORFOLK SOUTHERhistory →Common Stock1.77%$1.1B5.76M
8ACCENTURE PLCCommon Stock1.71%$1.0B5.91M
9ADIANALOG DEVICEShistory →Common Stock1.70%$1.0B9.84M
10ICEINTERCONTINENhistory →Common Stock1.54%$940M12.34M
11NTESNETEASE INChistory →CommonStock ADR1.53%$932M3.86M
12JNJJOHN & JOHN COMhistory →Common Stock1.52%$926M6.62M
13HONGBPHONEYWELL INTLhistory →Common Stock1.48%$902M5.68M
14CHINA MOBILECommonStock ADR1.35%$820M16.08M
15LOWLOWES COS INChistory →Common Stock1.25%$762M6.96M
16PGPROCTER & GAMBLhistory →Common Stock1.17%$713M6.85M
17AAPLAPPLE INChistory →Common Stock1.16%$703M3.70M
18ROKROCKWELL NEWhistory →Common Stock1.05%$636M3.62M
19BACBANK OF AMERICAhistory →Common Stock1.02%$621M22.50M
20TSMTAIWAN SEMI-ADRhistory →CommonStock ADR1.01%$612M14.94M
21TMOTHERMO FISHERhistory →Common Stock1.01%$612M2.23M
22TELEKM INDO ADRCommonStock ADR0.99%$603M21.96M
23VVISA INChistory →Common Stock0.96%$585M3.74M
24AMXNAMERICA MOV ADRhistory →CommonStock ADR0.93%$565M39.56M
25WFCWELLS FARGO COhistory →Common Stock0.92%$561M11.61M
26MCDMCDONALDS CORPhistory →Common Stock0.92%$561M2.95M
27GOOGALPHABET INC Chistory →Common Stock0.89%$540M460.4K
28CHVCHEVRON CORPhistory →Common Stock0.89%$539M4.38M
29IBNICICI BANK ADRhistory →CommonStock ADR0.84%$513M44.77M
30BIDUNBAIDU INChistory →CommonStock ADR0.84%$510M3.09M
31VMCVULCAN MATLS COhistory →Common Stock0.83%$504M4.26M
32DEDEERE & COhistory →Common Stock0.79%$482M3.02M
33KSUEURKANSAS CITY SOUhistory →Common Stock0.79%$480M4.14M
34PFEPFIZER INChistory →Common Stock0.79%$479M11.28M
35BABAALIBABA GRP ADRhistory →CommonStock ADR0.78%$472M2.59M
36RYAAYRYANAIR HLD-ADRhistory →CommonStock ADR0.77%$470M6.27M
37EATON CORP PLCCommon Stock0.76%$460M5.71M
38APTIV PLCCommon Stock0.75%$458M5.77M
39AWIARMSTRON WORLDhistory →Common Stock0.73%$445M5.61M
40EBAEBAY INChistory →Common Stock0.71%$433M11.67M
41MSIMOTOROLA SOLhistory →Common Stock0.71%$431M3.07M
42YPF SOCIEDAD ANCommonStock ADR0.70%$424M30.28M
43DHRDANAHER CORP DEhistory →Common Stock0.67%$408M3.09M
44AWMSKYWORKS SOLUThistory →Common Stock0.67%$408M4.95M
45BAXBAXTER INTL INChistory →Common Stock0.66%$402M4.94M
46INFYINFOSYS TECHADRhistory →CommonStock ADR0.66%$399M36.53M
47MBTGBPMOBILE TELESYShistory →CommonStock ADR0.63%$386M51.08M
48ZTSZOETIS INChistory →Common Stock0.63%$386M3.83M
49ABEVAMBEV SA ADRhistory →CommonStock ADR0.57%$350M81.34M
50SPGIS&P GLOBAL INChistory →Common Stock0.54%$329M1.56M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$60.8B2,050May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$59.0B2,068Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025Under review2,000Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$73M3,684Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$65M3,727May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$68M3,807Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$75M3,726Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$80M3,826Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$82M3,146May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$79M3,401Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$74M3,410Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$81M3,403Aug 15, 202313F-HRchanges · EDGAR ↗
Q1 2023$76M3,201May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review3,227Feb 15, 202313F-HRchanges · EDGAR ↗
Q3 2022$68.4B3,169Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$73.9B3,268Aug 9, 202213F-HRchanges · EDGAR ↗
Q1 2022$86.3B3,199May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$94.0B3,062Feb 9, 202213F-HRchanges · EDGAR ↗
Q3 2021$88.6B3,015Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$89.1B2,652Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$82.6B2,476May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$79.1B2,436Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$71.1B2,175Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$65.1B2,183Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$54.6B2,122May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$70.0B2,092Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$60.9B2,042Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$61.8B1,520Aug 30, 2019RESTATEMENTchanges · EDGAR ↗
Q1 2019$60.8B1,536May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$48.8B1,388Feb 13, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 3 additional managers.

  • UNITED SERVICES AUTOMOBILE ASSOCIATION028-05810
  • Russell Investments Group, Ltd.028-17598
  • LAZARD ASSET MANAGEMENT LTD028-06588

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.