LAZARD ASSET MANAGEMENT LLC
Institutional investor · Portfolio as of Q4 2025
Top Holdings1,872 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
MICROSOFT CORP | 4.9M | $2.4B | 4.0% | $136.68 | +256.65% | 29 qtrssince 2018-Q4 | Decreased 0 |
APPLE INC | 7.4M | $2B | 3.4% | $166.37 | +62.96% | 29 qtrssince 2018-Q4 | Decreased 0 |
AMAZON.COM INC | 7.2M | $1.7B | 2.8% | $113.97 | +104.02% | 29 qtrssince 2018-Q4 | Decreased 0 |
NVIDIA CORP | 8.4M | $1.6B | 2.7% | $132.46 | +41.59% | 29 qtrssince 2018-Q4 | Increased 57 |
ALPHABET INC-CL A | 3.5M | $1.1B | 1.9% | $94.94 | +230.58% | 29 qtrssince 2018-Q4 | Decreased 0 |
AMERICAN TOWER CORP | 6.1M | $1.1B | 1.8% | $183.42 | -6.12% | 29 qtrssince 2018-Q4 | Increased 66 |
CROWN CASTLE INTL CORP | 11.6M | $1B | 1.8% | $92.25 | -5.95% | 29 qtrssince 2018-Q4 | Increased 81 |
EXELON CORP | 23.1M | $1B | 1.7% | $38.21 | +14.94% | 29 qtrssince 2018-Q4 | Increased 52 |
TAIWAN SEMICONDUCTOR SPONSORED ADR /1 ADR REPS 5 ORD SHS/ | 3.2M | $987.6M | 1.7% | $62.09 | +382.50% | 29 qtrssince 2018-Q4 | Decreased 0 |
ALPHABET INC-CL C | 2.9M | $902.5M | 1.5% | $143.07 | +119.86% | 29 qtrssince 2018-Q4 | Increased 53 |
CANADIAN NATL RAILWAY CO | 8.9M | $880.6M | 1.5% | $93.20 | +4.83% | 29 qtrssince 2018-Q4 | Decreased 0 |
FERROVIAL NV | 13.5M | $875.3M | 1.5% | $56.69 | +14.52% | 7 qtrssince 2024-Q2 | Decreased 0 |
BROADCOM INC | 2.4M | $838.3M | 1.4% | $163.71 | +110.64% | 29 qtrssince 2018-Q4 | Decreased 0 |
VISA INC-CLASS A SHARES | 2.4M | $827.5M | 1.4% | $160.78 | +116.83% | 29 qtrssince 2018-Q4 | Decreased 0 |
CSX CORP | 20.7M | $748.9M | 1.3% | $29.30 | +22.92% | 29 qtrssince 2018-Q4 | Decreased 0 |
ELI LILLY & CO | 669,922 | $720M | 1.2% | $682.04 | +56.81% | 29 qtrssince 2018-Q4 | Decreased 0 |
THERMO FISHER SCIENTIFIC INC | 1.2M | $715.3M | 1.2% | $286.92 | +103.35% | 29 qtrssince 2018-Q4 | Decreased 0 |
CONSOLIDATED EDISON INC | 6.2M | $612.4M | 1.0% | $98.76 | +1.14% | 29 qtrssince 2018-Q4 | Increased 51 |
BANK OF AMERICA CORP | 10.5M | $577.5M | 1.0% | $23.92 | +127.43% | 29 qtrssince 2018-Q4 | Decreased 0 |
INTERCONTINENTALEXCHANGE GRO COM | 3.3M | $529.6M | 0.9% | $74.93 | +117.76% | 29 qtrssince 2018-Q4 | Decreased 0 |
LAZARD ASSET MANAGEMENT LLC manages $59B across 1872 positions as of Q4 2025. Top holdings: MSFT (4.0%), AAPL (3.4%), AMZN (2.8%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 2.5/5.0.
Active quarter - 265 new positions, 220 exits, 723 increased. Top move: CCI (INCREASED, conviction 81). Portfolio: $59.0B across 1872 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer