1y return+16.6%S&P 500 +20.9%
3y return+44.3%S&P 500 +68.5%
5y return+44.3%S&P 500 +74.5%
10y return+169.3%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $269 against $357 in the S&P 500.2
Lazard Asset Management LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $2.6B | 3.9% | +24.6% |
| AAPLApple Inc Com | $2.4B | 3.6% | −1.2% |
| MSFTMicrosoft | $2.0B | 3.0% | |
| AMZNAmazon Com Inc | $1.9B | 2.8% | +1.1% |
| EXCExelon Corp | $1.5B | 2.3% | +30.7% |
| TSMTaiwan Semiconductor Manufac | $1.4B | 2.2% | +2.2% |
| AMTAmerican Tower | $1.4B | 2.1% | +14.7% |
| GOOGAlphabet Inc | $1.3B | 2.0% | +5.9% |
| GOOGLAlphabet Inc | $1.3B | 1.9% | |
| CCICrown Castle Inc | $1.1B | 1.7% | +12.2% |
| Ferrovial NvCUSIP N3168P101 | $1.0B | 1.5% | +14.3% |
| EDConsolidated Edison Inc | $931.4M | 1.4% | +19.0% |
| VVisa Inc | $849.3M | 1.3% | +2.5% |
| LLYEli Lilly & Co | $832.8M | 1.3% | −3.3% |
| KLACKla Corp | $732.3M | 1.1% | +729.7% |
| AMDAdvanced Micro Devices Inc | $694.7M | 1.1% | +25.5% |
| MUMicron Technology Inc | $650.5M | 1.0% | −26.8% |
| ADIAnalog Devices Inc | $645.4M | 1.0% | −4.9% |
| AVGOBroadcom Inc | $633.5M | 1.0% | −38.4% |
| PANWPalo Alto Networks Inc | $618.9M | 0.9% | −12.5% |
| BACBank Of Amer Corp | $616.4M | 0.9% | −2.5% |
| Asml Hldg NvCUSIP N07059210 | $569.3M | 0.9% | −15.7% |
| TMOThermo Fisher Scientific Inc | $568.6M | 0.9% | −7.2% |
| AMXAmerica Movil Sab De Cv | $542.1M | 0.8% | |
| APHAmphenol Corp | $537.3M | 0.8% | −4.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $2.6B |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $633.5M |
| AMATApplied Matls Inc | June 30, 2020 | +1096.1% | $373.0M |
| AMDAdvanced Micro Devices Inc | June 30, 2020 | +1004.1% | $694.7M |
| ASXAse Technology Hldg Co Ltd | June 30, 2020 | +893.9% | $359.6M |
| PANWPalo Alto Networks Inc | June 30, 2020 | +790.9% | $618.9M |
| TSMTaiwan Semiconductor Manufac | June 30, 2020 | +741.2% | $1.4B |
| APHAmphenol Corp | June 30, 2020 | +636.1% | $537.3M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $832.8M |
| Asml Hldg NvCUSIP N07059210 | June 30, 2020 | +440.6% | $569.3M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $48.7M
- Carnival PLCCUSIP 14365C103 was $18.0M
- PRIMPrimoris Svcs Corp was $14.7M
- CTRACoterra Energy Inc was $9.9M
- CGCarlyle Group Inc was $7.8M
- Thermon Group Hldgs IncCUSIP 88362T103 was $7.5M
- DBDDiebold Nixdorf Inc was $7.3M
- Enhabit IncCUSIP 29332G102 was $6.8M
- FabrinetCUSIP G3323L100 was $5.9M
- AESAes Corp was $5.8M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +9.4% | +14.8% |
| March 31, 2026 | −3.0% | −4.6% |
| December 31, 2025 | +3.3% | +2.4% |
| September 30, 2025 | +6.3% | +7.8% |
| June 30, 2025 | +7.6% | +10.5% |
| March 31, 2025 | −2.9% | −4.6% |
| December 31, 2024 | −1.4% | +2.1% |
| September 30, 2024 | +4.9% | +5.4% |
| June 30, 2024 | +0.4% | +4.0% |
| March 31, 2024 | +7.7% | +10.0% |
| December 31, 2023 | +10.6% | +11.2% |
| September 30, 2023 | −4.3% | −3.6% |
| June 30, 2023 | +6.0% | +8.3% |
| March 31, 2023 | +5.5% | +7.0% |
| December 31, 2022 | +8.4% | +7.1% |
| September 30, 2022 | −5.8% | −5.3% |
| June 30, 2022 | −14.7% | −16.5% |
| March 31, 2022 | −5.0% | −4.9% |
| December 31, 2021 | +8.2% | +10.7% |
| September 30, 2021 | −0.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Lazard Asset Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1207017&type=13F-HR&dateb=&owner=include&count=40CIK 1207017
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1207017/000120701726000046/Filed August 14, 2026 · accession 0001207017-26-000046