LAZARD INC LAZ
COM · Common Stock · CUSIP 52110M109
- SectorFinancials
- IndustryInvestment Advice
- HeadquartersNew York, NY
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($4.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $41.92. Options: 8 managers hold calls ($17.3m notional), 8 hold puts ($6.1m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q4 2023 | 17 |
| Q1 2024 | 221 |
| Q2 2024 | 255 |
| Q3 2024 | 271 |
| Q4 2024 | 291 |
| Q1 2025 | 286 |
| Q2 2025 | 303 |
| Q3 2025 | 339 |
| Q4 2025 | 333 |
| Q1 2026 | 334 |
| Q2 2026 | 343 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 141 | 111 |
| Q4 2024 | 150 | 112 |
| Q1 2025 | 147 | 126 |
| Q2 2025 | 170 | 129 |
| Q3 2025 | 179 | 135 |
| Q4 2025 | 160 | 150 |
| Q1 2026 | 175 | 148 |
| Q2 2026 | 176 | 158 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $32.1m | $7.7m | 0.24 |
| Q4 2025 | $24.4m | $4.4m | 0.18 |
| Q1 2026 | $13.8m | $7.8m | 0.56 |
| Q2 2026 | $17.3m | $6.1m | 0.35 |
Biggest buyers
| GOLDMAN SACHS GROUP INC | Added | +2.0m |
| STATE STREET CORP | Added | +1.8m |
| BlackRock, Inc. | Added | +1.5m |
| BNP PARIBAS FINANCIAL MARKETS | Added | +1.3m |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Added | +1.2m |
| BANK OF NOVA SCOTIA | New | +804.9k |
| JPMORGAN CHASE & CO | Added | +709.2k |
| CANADA PENSION PLAN INVESTMENT BOARD | New | +697.2k |
| MORGAN STANLEY | Added | +633.2k |
| UBS Group AG | Added | +569.2k |
Biggest sellers
| Qube Research & Technologies Ltd | Sold out | -951.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -639.5k |
| Woodline Partners LP | Sold out | -562.5k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -512.6k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Reduced | -511.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -400.6k |
| CITADEL ADVISORS LLC | Sold out | -345.3k |
| Ranger Investment Management, L.P. | Reduced | -307.2k |
| JANE STREET GROUP, LLC | Sold out | -286.6k |
| Callodine Capital Management, LP | Reduced | -278.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.9m115.8k shares |
| JANE STREET GROUP, LLC | Added | $4.8m115.4k shares |
| IMC-Chicago, LLC | Added | $3.6m85.6k shares |
| Walleye Trading LLC | Added | $1.8m43.8k shares |
| CITADEL ADVISORS LLC | Added | $1.5m35.1k shares |
| SIMPLEX TRADING, LLC | Added | $423.6k10.1k shares |
| Walleye Capital LLC | Reduced | $293.6k7.0k shares |
| GROUP ONE TRADING LLC | Unchanged | $21.0k500 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.5m35.2k shares |
| JANE STREET GROUP, LLC | Added | $1.3m32.1k shares |
| Walleye Trading LLC | Added | $1.3m30.5k shares |
| IMC-Chicago, LLC | Added | $1.2m27.9k shares |
| CITADEL ADVISORS LLC | Reduced | $734.0k17.5k shares |
| Walleye Capital LLC | Reduced | $37.7k900 shares |
| SIMPLEX TRADING, LLC | Reduced | $21.0k500 shares |
| GROUP ONE TRADING LLC | New | $4.2k100 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution +3.3 pts · filed 2026-09-04 | 11.2% |
| FMR LLC 13G · institution +0.3 pts · filed 2026-03-06 | 10.1% |
| PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution +1.7 pts · filed 2026-05-15 | 8.6% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-05-01 | 6.2% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-05-01 | 5.3% |
| ARIEL INVESTMENTS, LLC 13G · institution +0.5 pts · filed 2026-05-14 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 2 | $12.6m | $5.9m |
| Q2 2025 | 0 | — | 1 | $3.8m | — |
| Q3 2025 | 0 | — | 3 | $6.0m | $1.8m |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 2 | $3.3m | $3.3m |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 1 | $5.4m | $5.4m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-25 | Orszag Peter Richard CEO & Chairman, director | Sold plan | $5.4m125.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.02% of their portfolio | 11.2m $467.7m | Added +540.5k |
| BlackRock, Inc. 0.01% of their portfolio | 9.0m $379.1m | Added +1.5m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.04% of their portfolio | 9.0m $375.9m | Reduced -639.5k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 6.1m $257.3m | Added +1.2m |
| ARIEL INVESTMENTS, LLC 2.41% of their portfolio | 5.8m $241.4m | Reduced -70.9k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 5.0m $210.6m | Added +58.2k |
| STATE STREET CORP 0.00% of their portfolio | 3.6m $152.4m | Added +1.8m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 3.0m $125.3m | Added +2.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.6m $107.5m | Added +96.6k |
| Capital Research Global Investors 0.01% of their portfolio | 2.2m $94.0m | Reduced -214.5k |
| Fisher Asset Management, LLC 0.03% of their portfolio | 2.1m $90.1m | Reduced -22.5k |
| MORGAN STANLEY 0.00% of their portfolio | 2.1m $89.6m | Added +633.2k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.1m $86.9m | Added +171.7k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 2.0m $81.9m | Reduced -201.6k |
| NORGES BANK 0.01% of their portfolio | 1.8m $73.7m | Not comparable |
| Jupiter Topco LLC 0.03% of their portfolio | 1.6m $67.3m | First filing |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 1.5m $64.7m | Reduced -251.4k |
| Invesco Ltd. 0.00% of their portfolio | 1.5m $61.3m | Added +165.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 1.4m $57.2m | Added +1.3m |
| Epoch Investment Partners, Inc. 0.31% of their portfolio | 1.3m $54.8m | Reduced -54.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.2m $48.8m | Added +84.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 1.1m $47.7m | Reduced -129.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.0m $41.5m | Added +709.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.0m $42.1m | Added +555.9k |
| ROYCE & ASSOCIATES LP 0.33% of their portfolio | 968.1k $40.6m | Reduced -6.9k |
| UBS Group AG 0.01% of their portfolio | 964.7k $40.5m | Added +569.2k |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 889.4k $37.3m | Reduced -60.0k |
| BANK OF NOVA SCOTIA 0.05% of their portfolio | 804.9k $33.8m | New |
| Bank of New York Mellon Corp 0.01% of their portfolio | 752.6k $31.6m | Added +274.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio | 743.3k $31.2m | Reduced -512.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 741.0k $31.1m | Added +152.6k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 709.2k $29.7m | Added +6.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 697.2k $29.2m | New |
| Squarepoint Ops LLC 0.05% of their portfolio | 554.3k $23.2m | Added +206.1k |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 0.98% of their portfolio | 546.2k $22.9m | Reduced -38.2k |
| FEDERATED HERMES, INC. 0.03% of their portfolio | 487.2k $20.4m | Reduced -11.0k |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 412.3k $17.0m | Added +76.8k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 401.2k $16.8m | Added +30.4k |
| CRAWFORD INVESTMENT COUNSEL INC 0.28% of their portfolio | 398.6k $16.7m | Added +12.9k |
| Public Sector Pension Investment Board 0.04% of their portfolio | 383.7k $16.1m | New |
| Caisse de depot et placement du Quebec 0.02% of their portfolio | 366.0k $15.3m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 353.4k $14.8m | Reduced -88.4k |
| MetLife Investment Management, LLC 0.06% of their portfolio | 326.6k $13.7m | Reduced -17.7k |
| SG Americas Securities, LLC 0.01% of their portfolio | 320.1k $13.4m | Added +315.1k |
| GW HENSSLER & ASSOCIATES LTD 0.55% of their portfolio | 297.1k $12.5m | Added +1.9k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 296.5k $12.4m | Added +73.8k |
| Walleye Capital LLC 0.06% of their portfolio | 290.8k $12.2m | Added +286.9k |
| State of Alaska, Department of Revenue 0.12% of their portfolio | 290.1k $12.2m | Added +8.7k |
| Ranger Investment Management, L.P. 0.72% of their portfolio | 270.5k $11.3m | Reduced -307.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 267.8k $11.2m | Reduced -123 |
| ALGEBRIS (UK) LTD 0.72% of their portfolio | 261.8k $10.9m | Reduced -165.3k |
| MUFG Securities EMEA plc 0.11% of their portfolio | 254.3k $10.7m | New |
| Legal & General Group Plc 0.00% of their portfolio | 244.0k $10.2m | Added +161.3k |
| Swedbank AB 0.01% of their portfolio | 207.0k $8.7m | Unchanged |
| Crestwood Advisors Group, LLC 0.13% of their portfolio | 202.3k $8.5m | Added +3.1k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 201.6k $8.5m | Added +116.9k |
| Buck Wealth Strategies, LLC 0.88% of their portfolio | 201.3k $8.4m | Added +12.2k |
| Purpose Unlimited Inc. 0.31% of their portfolio | 191.5k $8.1m | Added +7.7k |
| Swiss National Bank 0.00% of their portfolio | 188.4k $7.9m | Added +700 |
| CITIGROUP INC 0.00% of their portfolio | 187.2k $7.8m | Reduced -136.8k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 185.1k $7.8m | Added +76.1k |
| Nuveen, LLC 0.00% of their portfolio | 169.6k $7.1m | Reduced -1.7k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 166.5k $7.0m | Reduced -34.5k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 163.8k $6.9m | Reduced -511.5k |
| California Public Employees Retirement System 0.00% of their portfolio | 163.0k $6.8m | Reduced -40.5k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.12% of their portfolio | 152.8k $6.4m | New |
| TD Asset Management Inc 0.01% of their portfolio | 152.7k $6.4m | Reduced -14.6k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 150.5k $6.3m | New |
| LEVIN CAPITAL STRATEGIES, L.P. 0.39% of their portfolio | 138.5k $5.8m | New |
| Schonfeld Strategic Advisors LLC 0.03% of their portfolio | 135.5k $5.7m | New |
| Prana Capital Management, LP 0.17% of their portfolio | 130.2k $5.5m | Reduced -1.8k |
| Capricorn Fund Managers Ltd 0.41% of their portfolio | 121.9k $5.1m | New |
| CAMBIAR INVESTORS LLC 0.20% of their portfolio | 111.2k $4.7m | Reduced -9.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 109.9k $4.6m | Added +3.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 108.6k $4.6m | Reduced -3.6k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 106.6k $4.5m | Reduced -85.8k |
| AMICA MUTUAL INSURANCE CO 0.36% of their portfolio | 103.0k $4.3m | Reduced -89.5k |
| CREDIT AGRICOLE S A 0.01% of their portfolio | 103.0k $4.3m | Added +25.5k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 100.5k $4.2m | New |
| Focus Partners Wealth 0.00% of their portfolio | 98.0k $4.1m | Reduced -2.7k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 97.7k $4.1m | Reduced -42.6k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 95.8k $4.0m | Reduced -5.7k |
| Engineers Gate Manager LP 0.05% of their portfolio | 95.5k $4.0m | Added +40.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 89.1k $3.7m | Added +16.3k |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 87.6k $3.7m | Added +16.9k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 87.3k $3.7m | Added +73.3k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 86.5k $3.6m | Reduced -737 |
| CX Institutional 0.10% of their portfolio | 83.7k $3.5m | Added +8.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 83.2k $3.5m | Reduced -400.6k |
| Brevan Howard Capital Management LP 0.05% of their portfolio | 82.9k $3.5m | Added +77.9k |
| ALPS ADVISORS INC 0.02% of their portfolio | 82.9k $3.5m | Added +2.5k |
| Van Berkom & Associates Inc. 0.11% of their portfolio | 78.4k $3.3m | Reduced -51.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 68.6k $2.9m | Reduced -583 |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 63.1k $2.6m | Added +16.0k |
| ICON ADVISERS INC/CO 0.49% of their portfolio | 61.9k $2.6m | Unchanged |
| Illinois Municipal Retirement Fund 0.03% of their portfolio | 60.9k $2.6m | Reduced -10.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 53.9k $2.3m | Reduced -170.5k |
| Callahan Advisors, LLC 0.17% of their portfolio | 52.4k $2.2m | Reduced -2.3k |
| Lido Advisors, LLC 0.01% of their portfolio | 52.3k $2.2m | New |
| Edgestream Partners, L.P. 0.06% of their portfolio | 50.2k $2.1m | Reduced -29.7k |