LAZARD ASSET MANAGEMENT LLC
Q2 2026 Form 13-F

NEW YORK, NEW YORK
CIK 0001207017 · CRD 122836 · SEC-registered investment adviser
Holdings reported by PERSONAL CFO SOLUTIONS LLC since Q3 2019 , Integrated Investment Consultants LLC since Q3 2024 , American Beacon Advisors Inc since Q2 2026
Consolidated report · includes 1 manager since Q2 2013
$66.1B Reported Value Total

LAZARD ASSET MANAGEMENT LLC reports 5,110 total accounts under management (AUM). There are 5,083 discretionary accounts valued at $116,480,931,796, and 27 non-discretionary accounts valued at $4,038,888,474.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary & Non-Discretionary
Firm Brochure (Part 2A) Client Relationship Summary (Form CRS)
Private funds (Form ADV)
126 funds · $12.0B gross asset value
Other: $6.8B · Hedge Fund: $5.2B
Source: Form ADV filed 2026-10-21
Reported value
$66.1B
Quarter over quarter
+12.1%
Holdings
1,726
Top-10 concentration
25.4%

Filing Structure

Reports holdings for

Holdings reported by

Key People

Form ADV owners & control persons
Mark Richard Anderson
GENERAL COUNSEL
Rosalie F. Berman
CHIEF OPERATING OFFICER
Ashish Bhutani
DIRECTOR
Q1 2026

Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.

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Q2 2026 13F filing summary

Period of report June 30, 2026
Filed August 14, 2026
Form 13F-HR
Reported value $66.1B
Positions 1,726
Change in reported value +8.7%
New positions 341
Exited positions 253
Position turnover 30.0%
Top-10 concentration 25.4%

13F filings by quarter

Quarter Positions Value
Q2 2026 13F
Filed Aug 14, 2026
 1,726 $66.1B
Q1 2026 13F
Filed May 15, 2026
 1,662 $60.8B
Q4 2025 13F
Filed Feb 17, 2026
 1,647 $59.0B
Q3 2025 13F
Filed Nov 14, 2025
 1,612 $74.3B
Q2 2025 13F
Filed Aug 14, 2025
 1,998 $72.7B
Q1 2025 13F
Filed May 15, 2025
 1,977 $65.1B
Q4 2024 13F
Filed Feb 14, 2025
 1,989 $68.4B
Q3 2024 13F
Filed Nov 14, 2024
 1,904 $74.8B
Q2 2024 13F
Filed Aug 14, 2024
 1,903 $79.7B
Q1 2024 13F
Filed May 14, 2024
 1,753 $82.3B
Q4 2023 13F
Filed Feb 14, 2024
 1,956 $79.0B
Q3 2023 13F
Filed Nov 14, 2023
 1,955 $73.5B
Q2 2023 13F
Filed Aug 15, 2023
 1,976 $81.2B
Q1 2023 13F
Filed May 15, 2023
 1,934 $76.3B
Q4 2022 13F
Filed Feb 15, 2023
 2,028 $72.6B
Q3 2022 13F
Filed Nov 14, 2022
 1,961 $68.4B
Q2 2022 13F
Filed Aug 9, 2022
 2,030 $73.9B
Q1 2022 13F
Filed May 13, 2022
 1,999 $86.3B
Q4 2021 13F
Filed Feb 9, 2022
 1,977 $94.0B
Q3 2021 13F
Filed Nov 15, 2021
 1,875 $88.6B

33 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q2 2026

# Holding Reported value % of portfolio
1 NVDA NVIDIA CORPORATION $2.6B 3.89%
2 AAPL APPLE INC $2.4B 3.56%
3 MSFT MICROSOFT $2.0B 2.99%
4 AMZN AMAZON COM INC $1.9B 2.81%
5 EXC EXELON CORP $1.5B 2.27%
6 TSM TAIWAN SEMICONDUCTOR MANUFAC $1.4B 2.18%
7 AMT AMERICAN TOWER $1.4B 2.08%
8 GOOG ALPHABET INC $1.3B 1.95%
9 GOOGL ALPHABET INC $1.3B 1.9%
10 CCI CROWN CASTLE INC $1.1B 1.73%
11 FER FERROVIAL NV $1.0B 1.54%
12 ED CONSOLIDATED EDISON INC $931.4M 1.41%
13 V VISA INC $849.3M 1.29%
14 LLY ELI LILLY & CO $832.8M 1.26%
15 KLAC KLA CORP $732.3M 1.11%
16 AMD ADVANCED MICRO DEVICES INC $694.7M 1.05%
17 MU MICRON TECHNOLOGY INC $650.5M 0.98%
18 ADI ANALOG DEVICES INC $645.4M 0.98%
19 AVGO BROADCOM INC $633.5M 0.96%
20 PANW PALO ALTO NETWORKS INC $618.9M 0.94%

Values as reported on the Q2 2026 Form 13F. Every position is in the holdings table below.

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