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Asset manager

Lazard Asset Management LLC

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1207017

Reported value
$66.0bn
89% in companies we cover
Positions we cover
1,488
Largest NVDA 3.9%
Copy, a year
+16.2%
S&P 500 +14.1%
Copy Sharpe ratio
0.69
S&P 500 0.56

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $72.5k$57.0k
CopyS&P 500 $10,000 copying Lazard Asset Management LLC's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −33.2% (S&P 500 −42.3%); beta 0.78; alpha +3.2% a year (t = 1.69); last 12 months +14.1% against +12.1%.

Reported value by quarter

Lazard Asset Management LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $50B $100B Reported value, 2013-06-30: $40.8B Reported value, 2013-09-30: $40.6B Reported value, 2013-12-31: $43.5B Reported value, 2014-03-31: $43.3B Reported value, 2014-06-30: $46.3B Reported value, 2014-09-30: $45.1B Reported value, 2014-12-31: $45.6B Reported value, 2015-03-31: $45.4B Reported value, 2015-06-30: $46.7B Reported value, 2015-09-30: $40.7B Reported value, 2015-12-31: $42.5B Reported value, 2016-03-31: $44.7B Reported value, 2016-06-30: $46B Reported value, 2016-09-30: $48.7B Reported value, 2016-12-31: $47.4B Reported value, 2017-03-31: $51.1B Reported value, 2017-06-30: $51.6B Reported value, 2017-09-30: $54B Reported value, 2017-12-31: $57.1B Reported value, 2018-03-31: $57.3B Reported value, 2018-06-30: $56.2B Reported value, 2018-09-30: $60.3B Reported value, 2018-12-31: $52.9B Reported value, 2019-03-31: $59.1B Reported value, 2019-06-30: $58.9B Reported value, 2019-09-30: $58.2B Reported value, 2019-12-31: $67.1B Reported value, 2020-03-31: $51.6B Reported value, 2020-06-30: $61B Reported value, 2020-09-30: $65.7B Reported value, 2020-12-31: $72.8B Reported value, 2021-03-31: $76.5B Reported value, 2021-06-30: $81.1B Reported value, 2021-09-30: $78.9B Reported value, 2021-12-31: $84B Reported value, 2022-03-31: $75.8B Reported value, 2022-06-30: $65.8B Reported value, 2022-09-30: $59.8B Reported value, 2022-12-31: $64.4B Reported value, 2023-03-31: $67.2M Reported value, 2023-06-30: $73.4M Reported value, 2023-09-30: $67.1M Reported value, 2023-12-31: $73.1M Reported value, 2024-03-31: $76.1M Reported value, 2024-06-30: $74M Reported value, 2024-09-30: $69.6M Reported value, 2024-12-31: $63.2M Reported value, 2025-03-31: $59.6M Reported value, 2025-06-30: $65.5M Reported value, 2025-09-30: $74.1B Reported value, 2025-12-31: $58.9B Reported value, 2026-03-31: $60.7B Reported value, 2026-06-30: $66B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $66B
View chart data
Period Reported value
2013-06-30 $40.8B
2013-09-30 $40.6B
2013-12-31 $43.5B
2014-03-31 $43.3B
2014-06-30 $46.3B
2014-09-30 $45.1B
2014-12-31 $45.6B
2015-03-31 $45.4B
2015-06-30 $46.7B
2015-09-30 $40.7B
2015-12-31 $42.5B
2016-03-31 $44.7B
2016-06-30 $46B
2016-09-30 $48.7B
2016-12-31 $47.4B
2017-03-31 $51.1B
2017-06-30 $51.6B
2017-09-30 $54B
2017-12-31 $57.1B
2018-03-31 $57.3B
2018-06-30 $56.2B
2018-09-30 $60.3B
2018-12-31 $52.9B
2019-03-31 $59.1B
2019-06-30 $58.9B
2019-09-30 $58.2B
2019-12-31 $67.1B
2020-03-31 $51.6B
2020-06-30 $61B
2020-09-30 $65.7B
2020-12-31 $72.8B
2021-03-31 $76.5B
2021-06-30 $81.1B
2021-09-30 $78.9B
2021-12-31 $84B
2022-03-31 $75.8B
2022-06-30 $65.8B
2022-09-30 $59.8B
2022-12-31 $64.4B
2023-03-31 $67.2M
2023-06-30 $73.4M
2023-09-30 $67.1M
2023-12-31 $73.1M
2024-03-31 $76.1M
2024-06-30 $74M
2024-09-30 $69.6M
2024-12-31 $63.2M
2025-03-31 $59.6M
2025-06-30 $65.5M
2025-09-30 $74.1B
2025-12-31 $58.9B
2026-03-31 $60.7B
2026-06-30 $66B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
NVDANVIDIA Corporation3.90%$2.6bn12.86M+24.6% Added
AAPLApple Inc.3.57%$2.4bn8.14M−1.2% Reduced
MSFTMicrosoft Corporation3.00%$2.0bn5.30M+0.1%
AMZNAmazon2.82%$1.9bn7.80M+1.1% Added
EXCExelon2.27%$1.5bn32.17M+30.7% Added
TSMTaiwan Semiconductor Manufacturing Co LTD2.18%$1.4bn3.01M+2.2% Added
AMTAmerican Tower2.08%$1.4bn8.40M+14.7% Added
GOOGLAlphabet Inc. (Class A)1.91%$1.3bn3.52M+0.3%
CCICrown Castle1.73%$1.1bn15.10M+12.2% Added
FERFerrovial N.V.1.54%$1.0bn14.82M+14.3% Added
EDConsolidated Edison1.41%$931.4m8.42M+19.0% Added
VVisa Inc.1.29%$849.3m2.48M+2.5% Added
LLYLilly (Eli)1.26%$832.8m694.3K−3.3% Reduced
KLACKLA Corporation1.11%$732.3m2.43M+729.7% Added
AMDAdvanced Micro Devices1.05%$694.7m1.20M+25.5% Added
MUMicron Technology0.98%$650.5m563.5K−26.8% Reduced
ADIAnalog Devices0.98%$645.4m1.63M−4.9% Reduced
AVGOBroadcom0.96%$633.5m1.68M−38.4% Reduced
PANWPalo Alto Networks0.94%$618.9m1.81M−12.5% Reduced
BACBank of America0.93%$616.4m10.82M−2.5% Reduced
ASMLAsml Holding NV0.86%$569.3m286.2K−15.7% Reduced
TMOThermo Fisher Scientific0.86%$568.6m1.13M−7.2% Reduced
AMXAmerica Movil SAB DE Cv/0.82%$542.1m20.86M+0.2%
APHAmphenol0.81%$537.3m3.05M−4.1% Reduced
AMEAmetek0.76%$501.6m2.07M+28.1% Added
AZNAstrazeneca PLC0.66%$438.1m2.33M+5.2% Added
PGProcter & Gamble0.64%$421.0m2.87M−19.7% Reduced
PBRPetrobras - Petroleo Brasileiro SA0.63%$413.9m25.61M+1.4% Added
ICEIntercontinental Exchange0.60%$394.0m3.20M−2.2% Reduced
ROKRockwell Automation0.59%$393.0m793.9K+4.9% Added
AMATApplied Materials0.56%$373.0m515.9K−5.2% Reduced
AONAon plc0.56%$372.4m1.12M−7.8% Reduced
ISRGIntuitive Surgical0.56%$368.2m925.8K+42.7% Added
ASXASE Technology Holding Co., Ltd.0.55%$359.6m7.97M−41.1% Reduced
VALEVale S.a.0.54%$359.1m23.88M+0.8% Added
METAMeta Platforms0.54%$357.8m635.2K−0.3%
DHRDanaher Corporation0.54%$356.2m1.87M−7.8% Reduced
JNJJohnson & Johnson0.53%$346.6m1.36M+4.7% Added
QCOMQualcomm0.50%$332.1m1.80M−29.3% Reduced
LINLinde plc0.50%$328.8m633.6K−3.3% Reduced
CDNSCadence Design Systems Inc0.48%$316.4m842.9K−6.0% Reduced
CBChubb Limited0.48%$315.7m926.6K−4.6% Reduced
KOThe Coca-Cola Company0.48%$314.0m3.86M−6.1% Reduced
SCHWCharles Schwab Corporation0.47%$308.8m3.35M+16.9% Added
RBARB Global Inc.0.47%$308.5m2.65M+20.9% Added
WMWaste Management0.45%$298.6m1.34M−3.4% Reduced
HDBHdfc Bank LTD0.45%$295.0m11.42M+4.4% Added
TTTrane Technologies0.41%$271.0m551.8K−14.9% Reduced
SLBSchlumberger0.40%$262.4m5.64M−28.2% Reduced
CORCencora0.40%$261.2m922.9K+513.4% Added
MRSHMarsh McLennan0.38%$252.8m1.52M−6.6% Reduced
ADSKAutodesk, Inc.0.38%$247.8m1.27M+2.1% Added
EFXEquifax0.37%$246.5m1.55M+25.6% Added
ETNEaton Corporation0.37%$241.8m567.5K+2.1% Added
TERTeradyne0.36%$240.2m496.5K−40.3% Reduced
LRCXLam Research0.36%$240.0m553.8K−24.1% Reduced
MRKMerck & Co.0.36%$236.9m1.84M−43.3% Reduced
BNYBNY Mellon0.35%$234.2m1.62M+139.6% Added
TSLATesla, Inc.0.35%$232.8m553.5K+8.3% Added
BSXBoston Scientific0.35%$228.1m5.34M+9.5% Added
UNHUnitedHealth Group0.33%$216.2m520.1K−1.6% Reduced
USBU.S. Bancorp0.32%$209.8m3.47M+18.7% Added
CCitigroup0.31%$205.8m1.47M+1010.4% Added
GEGE Aerospace0.31%$205.8m550.7K+5.2% Added
BBarrick Mining Corp0.31%$205.1m5.58M+45.5% Added
ARCOArcos Dorados Holdings Inc.0.30%$199.0m24.69M+6.5% Added
TJXTJX Companies0.30%$195.3m1.29M−14.0% Reduced
PEPPepsiCo0.29%$193.1m1.43M+1.3% Added
MAMastercard0.29%$188.7m367.5K+0.1%
IQVIQVIA0.29%$188.5m975.4K−47.5% Reduced
BXBlackstone Inc.0.28%$185.5m1.58M+4.4% Added
IRIngersoll Rand0.28%$183.2m2.23M+18.7% Added
ULUnilever PLC0.28%$182.8m3.04M+8.8% Added
COSTCostco0.28%$181.5m194.0K+7.3% Added
HDThe Home Depot0.27%$177.4m503.1K−8.6% Reduced
ACNAccenture0.27%$176.4m1.42M−1.8% Reduced
LMTLockheed Martin0.26%$173.7m341.0K+5.9% Added
CBRECBRE Group0.26%$173.5m1.29M+14.4% Added
SYKStryker Corporation0.26%$171.9m545.9K+973.9% Added
SPGIS&P Global0.26%$171.7m421.5K−33.2% Reduced
COHRCoherent Corp.0.26%$170.0m430.9K−13.8% Reduced
SUSuncor Energy Inc0.26%$168.1m3.13M+8.0% Added
IPGPIPG Photonics Corp0.25%$167.5m1.43M+3.9% Added
CGNXCognex Corp0.25%$166.4m2.30M+56.2% Added
ZBRAZebra Technologies0.25%$165.5m628.6K+0.7% Added
TRMBTrimble Inc.0.24%$158.1m3.09M+34.7% Added
JPMJPMorgan Chase0.24%$156.6m478.5K+14.7% Added
CLColgate-Palmolive0.23%$153.3m1.67M−17.1% Reduced
MCOMoody's Corporation0.23%$153.2m338.3K+18.2% Added
CRHCRH plc0.23%$152.1m1.42M−39.2% Reduced
MCDMcDonald's0.23%$151.7m561.3K−25.4% Reduced
AMPAmeriprise Financial0.22%$147.8m322.1K−0.9% Reduced
INTCIntel0.22%$147.2m1.05M−25.1% Reduced
SIMOSilicon Motion Technology Corp0.22%$145.3m435.9K−44.3% Reduced
URIUnited Rentals0.22%$144.5m127.6K−26.4% Reduced
COPConocoPhillips0.22%$143.4m1.38M−4.8% Reduced
ALLAllstate0.21%$142.2m597.8K−32.0% Reduced
ADBEAdobe Inc.0.21%$141.9m692.2K+6.1% Added
JJacobs Solutions0.21%$140.4m1.11M−7.4% Reduced
FISVFiserv0.21%$135.7m2.77M+8.3% Added
CATCaterpillar Inc.0.20%$135.1m126.9K+103.5% Added
GDGeneral Dynamics0.20%$132.7m374.7K+42.4% Added
CHKPCheck Point Software Technologies LTD0.20%$130.9m995.6K+23.0% Added
ODFLOld Dominion0.20%$129.8m599.5K−28.2% Reduced
AEMAgnico Eagle Mines LTD0.20%$128.8m829.6K+0.5% Added
NTAPNetApp0.19%$127.9m826.6K+161.7% Added
PGRProgressive Corporation0.19%$124.0m567.7K+40.8% Added
HRBH&R Block Inc0.19%$123.5m3.24M−13.7% Reduced
FIXComfort Systems USA0.19%$122.6m61.9K−7.3% Reduced
ARGXArgenx SE0.19%$122.5m132.0K−1.0% Reduced
NXPINXP Semiconductors0.18%$121.4m432.1K+16.6% Added
HCAHCA Healthcare0.18%$120.6m309.4K+0.7% Added
BABoeing0.18%$118.1m545.5K−3.8% Reduced
MRVLMarvell Technology0.18%$116.9m392.4K−81.8% Reduced
EMREmerson Electric0.17%$115.7m808.3K+5.2% Added
SNPSSynopsys Inc0.17%$114.8m257.3K−34.0% Reduced
MOAltria0.17%$112.4m1.56M+43.6% Added
DEDeere & Company0.17%$112.4m177.2K+5.1% Added
NTESNetease, Inc.0.17%$110.9m865.4K+48.8% Added
OMCOmnicom Group0.17%$110.7m1.52M+2.5% Added
BRSLBrightstar Lottery PLC0.16%$107.9m10.06M+11.1% Added
CAHCardinal Health0.16%$106.5m448.4K+7.4% Added
GEVGE Vernova0.16%$104.8m89.2K+0.2%
MANHManhattan Associates Inc0.15%$102.3m734.4K+4.9% Added
HIMXHimax Technologies, Inc.0.15%$102.0m6.65M+4.6% Added
CMICummins0.15%$101.2m141.9K+28.9% Added
CSCOCisco0.15%$100.7m857.7K+6.0% Added
AEPAmerican Electric Power0.15%$99.3m725.7K+2.6% Added
ROSTRoss Stores0.15%$98.3m461.7K+20.6% Added
VRSKVerisk Analytics, Inc.0.15%$97.5m543.1K+123.5% Added
RYRoyal Bank Of Canada0.15%$97.1m469.4K+35.7% Added
RTXRTX Corporation0.15%$97.0m511.3K+11.2% Added
AJGArthur J. Gallagher & Co.0.14%$95.6m416.5K+26.6% Added
UBERUber0.14%$93.3m1.29M−1.5% Reduced
FROGJfrog Ltd0.14%$91.5m1.01M−41.3% Reduced
LHLabcorp0.14%$90.9m324.7K−17.4% Reduced
NFLXNetflix0.14%$90.0m1.26M+10.8% Added
XRAYDentsply Sirona Inc.0.13%$87.7m8.27M+23.1% Added
WMTWalmart0.13%$87.2m770.2K+0.5%
BABAAlibaba Group Holding Ltd0.13%$86.5m901.3K−1.5% Reduced
TGTTarget Corporation0.13%$86.2m660.0K+30.9% Added
AAgilent Technologies0.13%$85.3m641.9K−15.2% Reduced
GSGoldman Sachs0.13%$83.3m82.4K−32.2% Reduced
AUAnglogold Ashanti PLC0.13%$82.9m1.02M+24.7% Added
XYLXylem Inc.0.13%$82.8m700.2K−4.7% Reduced
TELTE Connectivity0.12%$82.1m407.2K−15.3% Reduced
EXPEExpedia Group0.12%$81.7m319.3K+18885.6% Added
NOWServiceNow0.12%$81.7m822.7K+19.4% Added
AEEAmeren0.12%$81.7m722.3K−45.8% Reduced
AXPAmerican Express0.12%$78.9m233.2K+2.8% Added
CompanyBought (value)Shares
KLACKLA Corporation$644.1m2.13M
NVDANVIDIA Corporation$507.3m2.54M
EXCExelon$351.9m7.55M
CORCencora$218.6m772.4K
CCitigroup$187.3m1.34M
AMTAmerican Tower$176.2m1.08M
SYKStryker Corporation$155.9m495.0K
EDConsolidated Edison$148.6m1.34M
AMDAdvanced Micro Devices$141.4m243.3K
BNYBNY Mellon$136.4m943.4K
FERFerrovial N.V.$127.1m1.86M
CCICrown Castle$123.9m1.64M
ISRGIntuitive Surgical$110.2m277.2K
AMEAmetek$110.0m454.6K
EXPEExpedia Group$81.3m317.7K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
CSXCSX Corporation−$868.9m−18.28M
MRVLMarvell Technology−$527.0m−1.77M
AVGOBroadcom−$394.7m−1.04M
ASXASE Technology Holding Co., Ltd.−$250.9m−5.56M
MUMicron Technology−$238.5m−206.6K
MDTMedtronic−$186.7m−2.39M
MRKMerck & Co.−$181.3m−1.41M
IQVIQVIA−$170.7m−883.4K
TERTeradyne−$161.8m−334.5K
QCOMQualcomm−$137.7m−745.4K
CRMSalesforce−$137.1m−875.3K
SIMOSilicon Motion Technology Corp−$115.3m−346.1K
ASMLAsml Holding NV−$106.3m−53.5K
PGProcter & Gamble−$103.5m−706.0K
SLBSchlumberger−$103.0m−2.22M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
PRIMPrimoris Services Corp$14.7m102.6K
CGCarlyle Group Inc.$7.8m160.5K
DBDDiebold Nixdorf, Inc$7.3m97.0K
FNFabrinet$5.9m11.3K
AESAES Corporation$5.8m408.8K
DMCDEL Monte Corp$5.6m138.4K
PRDOPerdoceo Education Corp$5.4m146.2K
USLMUnited States Lime & Minerals Inc$5.4m41.2K
HOMBHome Bancshares Inc$5.2m194.4K
BIOBio-rad Laboratories, Inc.$5.1m18.3K
MEOHMethanex Corp$4.8m80.6K
ANAutonation, Inc.$4.5m22.8K
BKUBankunited, Inc.$4.2m92.5K
IIINInsteel Industries Inc$3.9m117.0K
MGRCMcgrath Rentcorp$3.9m35.2K
SIGISelective Insurance Group Inc$3.8m50.8K
SKYWSkywest Inc$3.8m41.0K
KNKnowles Corp$3.7m143.2K
PLUSEplus Inc$3.6m47.9K
WIXWix.com Ltd.$3.3m36.5K
CIGIColliers International Group Inc.$3.1m29.4K
CSVCarriage Services Inc$3.1m68.3K
AGROAdecoagro S.a.$3.0m197.3K
ACGLArch Capital Group$2.7m28.4K
CRCCalifornia Resources Corp$2.6m38.0K
ROGRogers Corp$2.6m24.1K
BTEBaytex Energy Corp.$2.6m571.9K
FUTUFutu Holdings Ltd$2.4m17.5K
INTAIntapp, Inc.$2.3m90.0K
NPKINPK International Inc.$2.3m158.5K
  • Technology34.2%
  • Financials12.1%
  • Industrials11.8%
  • Health Care10.2%
  • Consumer Discretionary7.6%
  • Communication Services5.1%
  • Real Estate5.0%
  • Utilities4.8%
  • Consumer Staples3.7%
  • Materials3.0%
  • Energy2.6%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 16, 2013 to November 2, 2026+16.2%+14.1%0.690.56−33.2%0.78
2018 onwardsJanuary 5, 2018 to November 2, 2026+16.4%+13.9%0.560.44−33.2%0.75
Last three yearsNovember 3, 2023 to November 2, 2026+18.0%+21.8%0.991.16−16.3%0.89
Last yearNovember 7, 2025 to November 2, 2026+15.9%+14.2%1.050.84−8.3%0.83

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.