Q2 2026 13F · SEC CIK 1207017

Lazard Asset Management LLC

Institutional asset managerFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $66.0B
Reported positions: 1,726
Top holdings a year, 3 yrs: +16.9%
Assets under management: $120.5B

Lazard Asset Management LLC is an institutional asset manager that reported 1,726 positions worth $66.0B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Nvidia Corporation (NVDA, 3.9%), Apple Inc (AAPL, 3.6%), Microsoft Corp (MSFT, 3.0%). A portfolio copying its top holdings returned 16.9% a year over the last 3 years, against 20.4% for the S&P 500.

Lazard Asset Management LLC holdings largest 50 of 1,726 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Lazard Asset Management LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation	3.9%	3.0%	12,856,624	+24.6%	$2.6B
AAPLApple Inc	3.6%	3.4%	8,138,484	-1.2%	$2.4B
MSFTMicrosoft Corp	3.0%	3.2%	5,303,055	+0.1%	$2.0B
AMZNAmazon Com Inc	2.8%	2.6%	7,800,397	+1.1%	$1.9B
EXCExelon Corp	2.3%	2.0%	32,169,502	+30.7%	$1.5B
TSMTaiwan Semiconductor Manufac	2.2%	1.6%	3,014,900	+2.2%	$1.4B
AMTAmerican Tower Corp	2.1%	2.1%	8,403,123	+14.7%	$1.4B
GOOGAlphabet Inc	1.9%	1.6%	3,643,303	+5.9%	$1.3B
GOOGLAlphabet Inc	1.9%	1.7%	3,520,113	+0.3%	$1.3B
CCICrown Castle Inc	1.7%	1.8%	15,099,726	+12.2%	$1.1B
FERFerrovial NV	1.5%	1.4%	14,820,723	+14.3%	$1.0B
EDConsolidated Edison Inc	1.4%	1.3%	8,418,678	+19.0%	$931.4M
VVisa Inc	1.3%	1.2%	2,475,339	+2.5%	$849.3M
LLYEli Lilly & Co	1.3%	1.1%	694,293	-3.3%	$832.8M
KLACKla Corp	1.1%	0.7%	2,427,234	+729.7%	$732.3M
AMDAdvanced Micro Devices Inc	1.1%	—	1,195,923	—	$694.7M
MUMicron Technology Inc	1.0%	—	563,544	—	$650.5M
ADIAnalog Devices Inc	1.0%	0.9%	1,625,073	-4.9%	$645.4M
AVGOBroadcom Inc	1.0%	1.4%	1,677,045	-38.4%	$633.5M
PANWPalo Alto Networks Inc	0.9%	0.5%	1,814,830	-12.5%	$618.9M
BACBank of Amer Corp	0.9%	0.9%	10,817,203	-2.5%	$616.4M
ASMLAsml Hldg NV	0.9%	0.7%	286,185	-15.7%	$569.3M
TMOThermo Fisher Scientific Inc	0.9%	1.0%	1,134,093	-7.2%	$568.6M
AMXAmerica Movil Sab de Cv	0.8%	0.9%	20,859,778	+0.2%	$542.1M
APHAmphenol Corp	0.8%	0.7%	3,047,437	-4.1%	$537.3M
AMEAmetek Inc	0.8%	0.6%	2,073,154	+28.1%	$501.6M
CNICanadian Natl Ry Co	0.7%	1.5%	3,911,519	-56.9%	$466.3M
AZNAstrazeneca PLC	0.7%	0.7%	2,332,566	+5.2%	$438.1M
PGProcter & Gamble Co	0.6%	0.9%	2,870,698	-19.7%	$421.0M
PBRPetroleo Brasileiro S A Sponsored ADR (b	0.6%	0.9%	25,614,686	+1.4%	$413.9M
ICEIntercontinental Exchange Inc	0.6%	0.8%	3,200,350	-2.2%	$394.0M
ROKRockwell Automation Inc	0.6%	—	793,886	—	$393.0M
AMATApplied Matls Inc	0.6%	—	515,888	—	$373.0M
AONAon PLC	0.6%	0.6%	1,122,874	-7.8%	$372.4M
ISRGIntuitive Surgical Inc	0.6%	0.5%	925,814	+42.7%	$368.2M
INFYInfosys Ltd	0.5%	0.6%	34,406,069	+28.5%	$360.9M
ASXAse Technology Hldg Co Ltd	0.5%	0.5%	7,970,225	-41.1%	$359.6M
VALEVale S A	0.5%	0.6%	23,878,954	+0.8%	$359.1M
METAMeta Platforms Inc	0.5%	0.6%	635,184	-0.3%	$357.8M
DHRDanaher Corp Del	0.5%	0.6%	1,870,168	-7.8%	$356.2M
JNJJohnson & Johnson	0.5%	0.5%	1,364,685	+4.7%	$346.6M
TLKTelekomunikasi Ind Sponsored ADR	0.5%	0.8%	24,888,172	-1.0%	$334.2M
QCOMQualcomm Inc	0.5%	0.5%	1,797,119	-29.3%	$332.1M
BAPCredicorp Ltd	0.5%	—	850,620	—	$331.4M
LINLinde PLC	0.5%	0.5%	633,622	-3.3%	$328.8M
CDNSCadence Design System Inc	0.5%	—	842,895	—	$316.4M
CBChubb Limited	0.5%	0.5%	926,591	-4.6%	$315.7M
KOCoca Cola Co	0.5%	0.5%	3,863,144	-6.1%	$314.0M
SCHWCharles Schwab Corp (the)	0.5%	—	3,346,506	—	$308.8M
RBARb Global Inc	0.5%	—	2,649,048	—	$308.5M

What Lazard Asset Management LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

KLAC Kla Corp+729.7% shares
ISRG Intuitive Surgical Inc+42.7% shares
EXC Exelon Corp+30.7% shares
INFY Infosys Ltd+28.5% shares
AME Ametek Inc+28.1% shares
NVDA Nvidia Corporation+24.6% shares
ED Consolidated Edison Inc+19.0% shares
AMT American Tower Corp+14.7% shares

Reduced

CNI Canadian Natl Ry Co-56.9% shares
ASX Ase Technology Hldg Co Ltd-41.1% shares
AVGO Broadcom Inc-38.4% shares
QCOM Qualcomm Inc-29.3% shares
PG Procter & Gamble Co-19.7% shares
ASML Asml Hldg NV-15.7% shares
PANW Palo Alto Networks Inc-12.5% shares
DHR Danaher Corp Del-7.8% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +20.8% /yr; S&P 500 +20.1%
3 years: +16.9% /yr; S&P 500 +20.4%
5 years: +8.7% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$66.0B	1,726
Q1 2026	$60.7B	1,662
Q4 2025	$58.9B	1,647
Q3 2025	$74.1B	1,612
Q2 2025	$65.5B	2,030
Q1 2025	$59.6B	2,035
Q4 2024	$63.2B	2,039
Q3 2024	$69.6B	2,035
Q2 2024	$74.0B	1,983
Q1 2024	$76.1B	1,815
Q4 2023	$73.1B	2,009
Q3 2023	$67.1B	1,990

Questions about Lazard Asset Management LLC's portfolio

What stocks does Lazard Asset Management LLC own?

Lazard Asset Management LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 1,726 positions worth $66.0B. The largest are Nvidia Corporation (NVDA) at 3.9%, Apple Inc (AAPL) at 3.6%, Microsoft Corp (MSFT) at 3.0%, Amazon Com Inc (AMZN) at 2.8% and Exelon Corp (EXC) at 2.3%.

What did Lazard Asset Management LLC buy last quarter?

In Q2 2026, Lazard Asset Management LLC added Kla Corp (KLAC) (+729.7% shares), Intuitive Surgical Inc (ISRG) (+42.7% shares) and Exelon Corp (EXC) (+30.7% shares), compared with its Q1 2026 filing.

What did Lazard Asset Management LLC sell last quarter?

In Q2 2026, Lazard Asset Management LLC cut from its top 50 Csx Corp (CSX), cut from its top 50 Slb Limited (SLB), cut from its top 50 Merck & Co Inc (MRK), cut from its top 50 Exxon Mobil Corp (XOM), cut from its top 50 Waste Mgmt Inc Del (WM), Canadian Natl Ry Co (CNI) (-56.9% shares), Ase Technology Hldg Co Ltd (ASX) (-41.1% shares) and Broadcom Inc (AVGO) (-38.4% shares), compared with its Q1 2026 filing.

How has Lazard Asset Management LLC's portfolio performed?

A portfolio copying Lazard Asset Management LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +16.9% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +20.8% against +20.1%. Over 5 years: +8.7% a year against +11.6%.

When is Lazard Asset Management LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Lazard Asset Management LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Lazard Asset Management LLC manage?

Lazard Asset Management LLC reported $120.5B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $66.0B.