LAZARD ASSET MANAGEMENT LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, LAZARD ASSET MANAGEMENT LLC maintained a portfolio of 2100 distinct positions. They heavily accumulated shares in NVIDIA CORPORATION, increasing their position by 3.9%. The fund also reduced its exposure to ALPHABET INC by 50.7%.
PCA Score Concentration Risk
Risk ENB
Total Positions
2100
Quarter
2025 Q4
Top Holding
MSFT (4.0%)
Top 10 Concentration
23.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 2100
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
MSFT
MICROSOFT CORP
Technology 4.04% 5.30% #1
Prev: #1
3.6 -2,681,045 -35.2%
P
S
4,925,233 $2,381,940,562 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AAPL
APPLE INC
Technology 3.39% 4.15% #2
Prev: #2
2.9 -4,743,853 -39.2%
P
S
7,369,513 $2,003,476,297 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 2.83% 3.43% #3
Prev: #3
2.1 -4,368,515 -37.6%
P
S
7,239,349 $1,670,986,517 2003 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORPORAT...
Technology 2.65% 2.03% #4 1
Prev: #5
2.1 315,464 3.9%
P
S
8,398,112 $1,566,248,139 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 1.87% 2.34% #5 1
Prev: #4
1.2 -3,626,772 -50.7%
P
S
3,519,790 $1,101,694,229 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMT
AMERICAN TOWER ...
Real Estate 1.81% 1.16% #6 9
Prev: #15
3.2 1,620,781 36.3%
P
S
6,085,163 $1,068,371,954 2007 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CCI
CROWN CASTLE IN...
Real Estate 1.75% 0.67% #7 31
Prev: #38
3.7 6,445,237 124.2%
P
S
11,635,117 $1,034,012,848 2014 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
EXC
EXELON CORP
Utilities 1.71% 1.36% #8 5
Prev: #13
1.2 683,950 3.0%
P
S
23,130,053 $1,008,239,010 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMICOND...
Technology 1.67% 1.71% #9 2
Prev: #7
0.7 -1,308,690 -28.7%
P
S
3,249,879 $987,605,705 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOG
ALPHABET INC
Communication Services 1.53% 0.89% #10 11
Prev: #21
2.6 166,270 6.1%
P
S
2,876,014 $902,493,194 2005 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CNI
CANADIAN NATL R...
Industrials 1.49% 1.14% #11 5
Prev: #16
1.1 -52,087 -0.6%
P
S
8,903,624 $880,617,480 2003 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FER
FERROVIAL SE
Industrials 1.48% 1.69% #12 4
Prev: #8
0.6 -8,506,319 -38.7%
P
S
13,481,383 $875,315,851 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AVGO
BROADCOM INC
Technology 1.42% 1.81% #13 7
Prev: #6
0.6 -1,656,885 -40.6%
P
S
2,422,234 $838,335,322 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
V
VISA INC
Financial Services 1.40% 1.66% #14 5
Prev: #9
0.6 -1,244,368 -34.5%
P
S
2,359,602 $827,536,063 2008 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CSX
CSX CORP
Industrials 1.27% 1.47% #15 5
Prev: #10
0.5 -10,030,003 -32.7%
P
S
20,660,113 $748,929,096 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
LLY
ELI LILLY & CO
Healthcare 1.22% 1.11% #16 1
Prev: #17
0.5 -414,026 -38.2%
P
S
669,922 $719,951,054 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TMO
THERMO FISHER S...
Healthcare 1.21% 1.03% #17 1
Prev: #18
0.5 -348,438 -22.0%
P
S
1,234,434 $715,292,828 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ED
CONSOLIDATED ED...
Utilities 1.04% 0.81% #18 9
Prev: #27
0.9 205,041 3.4%
P
S
6,165,594 $612,366,796 2006 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BAC
BANK AMERICA CO...
Financial Services 0.98% 1.37% #19 7
Prev: #12
0.4 -9,202,546 -46.7%
P
S
10,499,846 $577,491,540 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ICE
INTERCONTINENTA...
Financial Services 0.90% 1.45% #20 9
Prev: #11
0.4 -3,127,598 -48.9%
P
S
3,270,198 $529,641,240 2005 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PG
PROCTER AND GAM...
Consumer Defensive 0.87% 1.24% #21 7
Prev: #14
0.3 -2,413,165 -40.2%
P
S
3,594,440 $515,119,231 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
APH
AMPHENOL CORP N...
Technology 0.86% 1.03% #22 3
Prev: #19
0.3 -2,431,599 -39.3%
P
S
3,752,993 $507,179,442 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DHR
DANAHER CORPORA...
Healthcare 0.84% 0.88% #23 1
Prev: #24
0.3 -1,123,897 -34.1%
P
S
2,172,812 $497,400,208 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MRK
MERCK & CO INC
Healthcare 0.79% 0.80% #24 4
Prev: #28
0.3 -2,656,631 -37.6%
P
S
4,407,041 $463,885,182 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
HDB
HDFC BANK LTD
Financial Services 0.77% 0.53% #25 27
Prev: #52
2.3 1,001,578 8.7%
P
S
12,478,341 $455,958,576 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AON
AON PLC
Financial Services 0.77% 0.61% #26 21
Prev: #47
0.8 25,652 2.0%
P
S
1,286,072 $453,829,239 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ADI
ANALOG DEVICES ...
Technology 0.74% 0.91% #27 7
Prev: #20
0.3 -1,152,359 -41.8%
P
S
1,607,560 $435,970,297 2003 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TLK
P T TELEKOMUNIK...
Communication Services 0.73% 0.51% #28 25
Prev: #53
0.8 288,059 1.4%
P
S
20,359,765 $428,573,061 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
IQV
IQVIA HLDGS INC
Healthcare 0.72% 0.47% #29 30
Prev: #59
0.8 57,912 3.1%
P
S
1,896,950 $427,591,591 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
INFY
INFOSYS LTD
Technology 0.69% 0.42% #30 35
Prev: #65
2.3 3,642,085 18.9%
P
S
22,882,693 $407,769,585 2006 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
QCOM
QUALCOMM INC
Technology 0.66% 0.76% #31 1
Prev: #32
0.3 -1,089,291 -32.3%
P
S
2,286,347 $391,079,716 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BSX
BOSTON SCIENTIF...
Healthcare 0.63% 0.88% #32 10
Prev: #22
0.3 -2,809,738 -41.8%
P
S
3,910,031 $372,821,473 2004 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AMX
AMERICA MOVIL S...
Communication Services 0.62% 0.50% #33 24
Prev: #57
0.7 -35,958 -0.2%
P
S
17,667,555 $365,188,355 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 0.61% 0.54% #34 16
Prev: #50
0.7 -1,667 -0.3%
P
S
543,333 $358,648,462 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CRM
SALESFORCE INC
Technology 0.60% 0.54% #35 16
Prev: #51
0.2 -336,095 -20.0%
P
S
1,343,091 $355,798,366 2008 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SLB
SLB LIMITED
Energy 0.58% 0.41% #36 31
Prev: #67
0.7 93,033 1.0%
P
S
8,990,843 $345,068,561 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MU
MICRON TECHNOLO...
Technology 0.57% 0.34% #37 37
Prev: #74
0.2 -349,047 -22.9%
P
S
1,176,561 $335,802,275 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ADSK
AUTODESK INC
Technology 0.56% 0.50% #38 20
Prev: #58
0.7 -39,334 -3.4%
P
S
1,120,649 $331,723,311 2007 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CB
CHUBB LIMITED
Financial Services 0.56% 0.69% #39 3
Prev: #36
0.2 -763,271 -42.0%
P
S
1,055,024 $329,294,209 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SPGI
S&P GLOBAL INC
Financial Services 0.56% 0.42% #40 24
Prev: #64
0.7 -17,039 -2.6%
P
S
629,250 $328,839,533 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MDT
MEDTRONIC PLC
Healthcare 0.56% 0.77% #41 11
Prev: #30
0.2 -2,589,540 -43.1%
P
S
3,411,802 $327,737,666 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ASX
ASE TECHNOLOGY ...
Technology 0.55% 0.27% #42 49
Prev: #91
2.2 1,997,888 11.1%
P
S
20,010,829 $322,174,350 2018 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AME
AMETEK INC
Industrials 0.54% 0.67% #43 3
Prev: #40
0.2 -1,098,144 -41.5%
P
S
1,547,833 $317,785,491 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MMC
MARSH & MCLENNA...
Financial Services 0.54% 0.75% #44 10
Prev: #34
0.2 -1,053,970 -38.1%
P
S
1,709,219 $317,094,307 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
KLAC
KLA CORP
Technology 0.53% 0.07% #45 147
Prev: #192
3.2 206,731 406.9%
P
S
257,533 $312,922,930 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ISRG
INTUITIVE SURGI...
Healthcare 0.53% 0.33% #46 30
Prev: #76
0.7 -7,787 -1.4%
P
S
548,221 $310,490,446 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ACN
ACCENTURE PLC I...
Technology 0.52% 0.69% #47 10
Prev: #37
0.2 -936,068 -45.1%
P
S
1,137,583 $305,213,642 2009 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PAC
GRUPO AEROPUERT...
Industrials 0.52% 0.30% #48 33
Prev: #81
2.7 206,914 21.8%
P
S
1,154,495 $304,359,305 2006 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
WM
WASTE MGMT INC ...
Industrials 0.51% 0.77% #49 18
Prev: #31
0.2 -1,208,061 -46.7%
P
S
1,378,332 $302,833,309 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ROK
ROCKWELL AUTOMA...
Industrials 0.50% 0.67% #50 9
Prev: #41
0.2 -656,324 -46.3%
P
S
760,552 $295,907,986 2003 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 2100 holdings

Unlock Full LAZARD ASSET MANAGEMENT LLC Analysis

PRO subscribers get access to all historical quarters, Excel/CSV exports, Portfolio Concentration Analytics (PCA), and Risk-Based ENB.

Full Historical Quarters
Excel & CSV Export
PCA & Risk-Based ENB
Auto Cost Basis
Position Change Alerts
Price-Held Analytics