# LAZARD ASSET MANAGEMENT LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1207017. Source: https://holderbook.com/funds/1207017-lazard-asset-management-llc/

- Reported value: $66.1B
- Positions: 1,933
- Weight of the ten largest: 25.4%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.6B | 12,856,624 | 3.9% | 43 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.4B | 8,138,484 | 3.6% | 46 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.0B | 5,303,055 | 3.0% | 46 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.9B | 7,800,397 | 2.8% | 46 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $1.5B | 32,169,502 | 2.3% | 46 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $1.4B | 3,014,900 | 2.2% | 46 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $1.4B | 8,403,123 | 2.1% | 46 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.3B | 3,643,303 | 1.9% | 43 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.3B | 3,520,113 | 1.9% | 43 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $1.1B | 15,099,726 | 1.7% | 31 |
| FERROVIAL NV | [FER](https://holderbook.com/stocks/FER/) | $1.0B | 14,820,723 | 1.5% | 9 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $931.4M | 8,418,678 | 1.4% | 46 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $849.3M | 2,475,339 | 1.3% | 46 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $832.8M | 694,293 | 1.3% | 46 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $732.3M | 2,427,234 | 1.1% | 35 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $694.7M | 1,195,923 | 1.1% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $650.5M | 563,544 | 1.0% | 36 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $645.4M | 1,625,073 | 1.0% | 34 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $633.5M | 1,677,045 | 1.0% | 33 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $618.9M | 1,814,830 | 0.9% | 46 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $616.4M | 10,817,203 | 0.9% | 46 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $569.3M | 286,185 | 0.9% | 34 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $568.6M | 1,134,093 | 0.9% | 46 |
| AMERICA MOVIL SAB DE CV | [AMX](https://holderbook.com/stocks/AMX/) | $542.1M | 20,859,778 | 0.8% | 14 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $537.3M | 3,047,437 | 0.8% | 33 |
| AMETEK INC | [AME](https://holderbook.com/stocks/AME/) | $501.6M | 2,073,154 | 0.8% | 32 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $466.3M | 3,911,519 | 0.7% | 46 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $438.1M | 2,332,566 | 0.7% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $421.0M | 2,870,698 | 0.6% | 46 |
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $413.9M | 25,614,686 | 0.6% | 23 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $394.0M | 3,200,350 | 0.6% | 46 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $393.0M | 793,886 | 0.6% | 46 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $373.0M | 515,888 | 0.6% | 45 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $372.4M | 1,122,874 | 0.6% | 25 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $368.2M | 925,814 | 0.6% | 44 |
| INFOSYS LTD | [INFY](https://holderbook.com/stocks/INFY/) | $360.9M | 34,406,069 | 0.5% | 46 |
| ASE TECHNOLOGY HLDG CO LTD | [ASX](https://holderbook.com/stocks/ASX/) | $359.6M | 7,970,225 | 0.5% | 33 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $359.1M | 23,878,954 | 0.5% | 38 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $357.8M | 635,184 | 0.5% | 46 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $356.2M | 1,870,168 | 0.5% | 38 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $346.6M | 1,364,685 | 0.5% | 46 |
| TELEKOMUNIKASI IND | [TLK](https://holderbook.com/stocks/TLK/) | $334.2M | 24,888,172 | 0.5% | 46 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $332.1M | 1,797,119 | 0.5% | 46 |
| CREDICORP LTD | [BAP](https://holderbook.com/stocks/BAP/) | $331.4M | 850,620 | 0.5% | 46 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $328.8M | 633,622 | 0.5% | 4 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $316.4M | 842,895 | 0.5% | 43 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $315.7M | 926,591 | 0.5% | 42 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $314.0M | 3,863,144 | 0.5% | 46 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $308.8M | 3,346,506 | 0.5% | 46 |
| RB GLOBAL INC | [RBA](https://holderbook.com/stocks/RBA/) | $308.5M | 2,649,048 | 0.5% | 2 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $298.6M | 1,339,600 | 0.5% | 45 |
| GRUPO AEROPORTUNARIO DEL PAC | [PAC](https://holderbook.com/stocks/PAC/) | $297.2M | 1,174,118 | 0.4% | 45 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $295.0M | 11,419,324 | 0.4% | 46 |
| TERNIUM SA | [TX](https://holderbook.com/stocks/TX/) | $272.6M | 6,383,724 | 0.4% | 41 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $271.4M | 1,984,934 | 0.4% | 46 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $271.0M | 551,827 | 0.4% | 26 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $262.4M | 5,643,969 | 0.4% | 46 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $261.2M | 922,901 | 0.4% | 2 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $252.8M | 1,516,945 | 0.4% | 46 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $247.8M | 1,274,794 | 0.4% | 36 |
| EQUIFAX INC | [EFX](https://holderbook.com/stocks/EFX/) | $246.5M | 1,552,857 | 0.4% | 9 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $241.8M | 567,543 | 0.4% | 46 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $240.2M | 496,498 | 0.4% | 34 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $240.0M | 553,755 | 0.4% | 7 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $236.9M | 1,843,591 | 0.4% | 46 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $234.2M | 1,619,440 | 0.4% | 39 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $232.8M | 553,524 | 0.4% | 27 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $228.1M | 5,343,777 | 0.3% | 33 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $216.2M | 520,103 | 0.3% | 46 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $210.1M | 280,547 | 0.3% | 46 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $209.8M | 3,472,703 | 0.3% | 46 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $205.8M | 1,470,723 | 0.3% | 46 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $205.8M | 550,683 | 0.3% | 20 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $205.1M | 5,583,038 | 0.3% | 5 |
| ARCOS DORADOS HLDGS INC | [ARCO](https://holderbook.com/stocks/ARCO/) | $199.0M | 24,687,429 | 0.3% | 5 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $195.3M | 1,288,989 | 0.3% | 46 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $193.1M | 1,426,385 | 0.3% | 46 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $188.7M | 367,461 | 0.3% | 46 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $188.5M | 975,420 | 0.3% | 35 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $185.5M | 1,576,198 | 0.3% | 28 |
| INGERSOLL RAND INC | [IR](https://holderbook.com/stocks/IR/) | $183.2M | 2,234,165 | 0.3% | 3 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $182.8M | 3,039,810 | 0.3% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $181.5M | 194,028 | 0.3% | 46 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $178.9M | 2,302,845 | 0.3% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $177.4M | 503,139 | 0.3% | 46 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $176.4M | 1,417,529 | 0.3% | 46 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $173.7M | 341,001 | 0.3% | 46 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $173.5M | 1,288,255 | 0.3% | 35 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $171.9M | 545,871 | 0.3% | 42 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $171.7M | 421,533 | 0.3% | 41 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $170.0M | 430,945 | 0.3% | 10 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $168.1M | 3,127,325 | 0.3% | 39 |
| IPG PHOTONICS CORP | [IPGP](https://holderbook.com/stocks/IPGP/) | $167.5M | 1,427,735 | 0.3% | 9 |
| COGNEX CORP | [CGNX](https://holderbook.com/stocks/CGNX/) | $166.4M | 2,297,887 | 0.3% | 35 |
| ZEBRA TECHNOLOGIES CORPORATI | [ZBRA](https://holderbook.com/stocks/ZBRA/) | $165.5M | 628,551 | 0.3% | 31 |
| VISTA ENERGY S.A.B. DE C.V. | [VIST](https://holderbook.com/stocks/VIST/) | $165.2M | 2,589,817 | 0.3% | 2 |
| TRIMBLE INC | [TRMB](https://holderbook.com/stocks/TRMB/) | $158.1M | 3,089,187 | 0.2% | 33 |
| KB FINL GROUP INC | [KB](https://holderbook.com/stocks/KB/) | $157.3M | 1,498,937 | 0.2% | 46 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $156.6M | 478,470 | 0.2% | 46 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $153.3M | 1,672,347 | 0.2% | 46 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.1% | +14.8% | -2.7% | 100% |
| Q1 2026 | -3.0% | -4.6% | +1.7% | 100% |
| Q4 2025 | +3.4% | +2.4% | +1.0% | 100% |
| Q3 2025 | +6.3% | +7.8% | -1.6% | 90% |
| Q2 2025 | +7.6% | +10.5% | -2.9% | 92% |
| Q1 2025 | -2.9% | -4.6% | +1.7% | 93% |
| Q4 2024 | -1.4% | +2.1% | -3.5% | 93% |
| Q3 2024 | +5.3% | +5.4% | -0.1% | 93% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $66.1B | 1,933 |
| Q1 2026 | $60.8B | 1,846 |
| Q4 2025 | $59.0B | 1,834 |
| Q3 2025 | $74.3B | 1,791 |
| Q2 2025 | $72.7B | 2,273 |
| Q1 2025 | $65.1B | 2,276 |
| Q4 2024 | $68.4B | 2,249 |
| Q3 2024 | $74.8B | 2,241 |
| Q2 2024 | $79.7B | 2,200 |
| Q1 2024 | $82.3B | 2,013 |
| Q4 2023 | $79.0B | 2,232 |
| Q3 2023 | $73.5B | 2,244 |