SEC 13F Intelligence

Managers / Q1 2022 · view latest →

LAZARD ASSET MANAGEMENT LLC

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

Reported Value
$86.3B
Q1 2022
Positions
3,199
Filings on Record
48
2019–present window
Filed
May 13, 2022
original filing

Summary

Lazard Asset Management LLC reported $86.3B in U.S.-listed holdings across 3,199 positions for Q1 2022.

Its largest position, MSFT, represents 3.5% of the portfolio.

Compared with Q4 2021, the fund opened 388 new positions and exited 328.

Portfolio Metrics

Turnover
+6.7%
vs prior filed quarter
Top-10 Concentration
+21.7%
share of reported value
Largest Position
+3.5%
Microsoft
New / Exited
388 / 328
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: 68.7%US DOMESTIC: 11.4%Other: 9.2%ADR: 6.4%REIT: 1.9%Other: 2.4%
  • Common Stock · 68.7% · $59.3B
  • US DOMESTIC · 11.4% · $9.8B
  • Other · 9.2% · $7.9B
  • ADR · 6.4% · $5.5B
  • REIT · 1.9% · $1.6B
  • Other · 2.4% · $2.1B

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EXPE 0-02/15/26NEW+178.67M178.67M+$218M$218M
ABNB 0-03/15/26NEW+213.05M213.05M+$207M$207M
MTNVAIL RESORTSNEW+649.9K649.9K+$169M$169M
F 0-03/15/26NEW+130.75M130.75M+$155M$155M
WRBYWARBY PARKERNEW+2.76M2.76M+$93M$93M
VAC 0-01/15/26NEW+62.07M62.07M+$68M$68M
CUTR 2.25-03/26NEW+31.00M31.00M+$67M$67M
MNKD 2.5-3/1/26NEW+47.00M47.00M+$47M$47M

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

Holdings — Q1 2022

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →Common Stock3.54%$3.1B9.90M
2GOOGLALPHABET INC Ahistory →Common Stock3.47%$3.0B1.08M
3MEDTRONIC PLCCommon Stock2.64%$2.3B20.53M
4JNJJOHN & JOHN COMhistory →Common Stock2.00%$1.7B9.74M
5AMZNAMAZON.COM INChistory →Common Stock1.95%$1.7B516.9K
6ICEINTERCONTINENhistory →Common Stock1.95%$1.7B12.75M
7AON PLC/IRELANDCommon Stock1.65%$1.4B4.36M
8VVISA INChistory →Common Stock1.55%$1.3B6.03M
9BACBANK OF AMERICAhistory →Common Stock1.47%$1.3B30.87M
10ADIANALOG DEVICEShistory →Common Stock1.43%$1.2B7.49M
11ACCENTURE PLCCommon Stock1.30%$1.1B3.34M
12TMOTHERMO FISHERhistory →Common Stock1.25%$1.1B1.83M
13SYYSYSCO CORPhistory →Common Stock1.18%$1.0B12.43M
14AXPAMER EXPRESS COhistory →Common Stock1.18%$1.0B5.42M
15CSCOCISCO SYS INChistory →Common Stock1.12%$964M17.28M
16WMWASTE MGMT INChistory →Common Stock1.09%$942M5.94M
17HONGBPHONEYWELL INTLhistory →Common Stock1.06%$919M4.72M
18COPCONOCOPHILLIPShistory →Common Stock1.03%$892M8.92M
19MCDMCDONALDS CORPhistory →Common Stock0.99%$857M3.46M
20PGPROCTER & GAMBLhistory →Common Stock0.96%$832M5.45M
21LOWLOWES COS INChistory →Common Stock0.90%$776M3.84M
22PNWPINNACLE WEST Chistory →Common Stock0.88%$760M9.73M
23KOCOCA COLA COhistory →Common Stock0.88%$756M12.20M
24PLDPROLOGIS INChistory →Common Stock0.85%$732M4.54M
25DHRDANAHER CORP DEhistory →Common Stock0.82%$705M2.40M
26PNCPNC FINL CORPhistory →Common Stock0.73%$626M3.39M
27GOOGALPHABET INC Chistory →Common Stock0.72%$623M223.1K
28NSCNORFOLK SOUTHERhistory →Common Stock0.72%$623M2.18M
29MRSHMARSH & MCLENNAhistory →Common Stock0.72%$619M3.63M
30CSXCSX CORPhistory →Common Stock0.71%$612M16.35M
31IQVIQVIA HOLDINGShistory →Common Stock0.70%$606M2.62M
32SPGIS&P GLOBAL INChistory →Common Stock0.70%$603M1.47M
33EDCONS EDISONhistory →Common Stock0.69%$599M6.33M
34TXNTEXAS INSTR INChistory →Common Stock0.68%$585M3.19M
35ZTSZOETIS INChistory →Common Stock0.66%$567M3.01M
36DGDOLLAR GENERALhistory →Common Stock0.63%$544M2.44M
37AAPLAPPLE INChistory →Common Stock0.62%$537M3.07M
38FISVFISERV INChistory →Common Stock0.59%$510M5.03M
39UNHUNITEDHEALTH GRhistory →Common Stock0.58%$502M985.3K
40AMATAPPLIED MATLS Ihistory →Common Stock0.56%$481M3.65M
41RYAAYRYANAIR HLD-ADRhistory →CommonStock ADR0.55%$475M5.45M
42HDHOME DEPOT INChistory →Common Stock0.52%$451M1.51M
43CRMSALESFORCE INChistory →Common Stock0.51%$444M2.09M
44HUMHUMANA INC COMhistory →Common Stock0.50%$431M990.9K
458CWCROWN CASTLEhistory →Common Stock0.49%$422M2.29M
46BSXBOSTON SCIENTIFhistory →Common Stock0.49%$422M9.52M
47PBRPETROLEO BRAShistory →CommonStock ADR0.49%$419M28.31M
48SBUXSTARBUCKS CORPhistory →Common Stock0.47%$407M4.48M
49APHAMPHENOL CORPhistory →Common Stock0.47%$403M5.35M
50DLTRDOLLAR TREE INChistory →Common Stock0.44%$382M2.38M

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 2 additional managers.

  • 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 ↗.