Vault-13

LAZARD LTD LAZ

SHS A · Common Stock · CUSIP G54050102

7 institutional holders -142 vs Q4 2023
148,332148.3k shares reported held*
$6.2mreported value*
4 new 2 added 0 reduced 145 sold out net sold ≈ $2.7bn (-63.9m shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $41.87.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 216Q4 22: 209Q1 23: 210Q2 23: 198Q3 23: 195Q4 23: 149Q1 24: 77Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022216
Q4 2022209
Q1 2023210
Q2 2023198
Q3 2023195
Q4 2023149
Q1 20247

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 86 bought or addedQ4 22: 110 cut or sold outQ4 22Q1 23: 95 bought or addedQ1 23: 92 cut or sold outQ1 23Q2 23: 87 bought or addedQ2 23: 101 cut or sold outQ2 23Q3 23: 89 bought or addedQ3 23: 99 cut or sold outQ3 23Q4 23: 62 bought or addedQ4 23: 120 cut or sold outQ4 23Q1 24: 6 bought or addedQ1 24: 145 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 202286110
Q1 20239592
Q2 202387101
Q3 20238999
Q4 202362120
Q1 20246145

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30mQ2 23 calls: $8.0mQ2 23 puts: $3.2mQ2 23P/C 0.40Q3 23 calls: $8.5mQ3 23 puts: $3.9mQ3 23P/C 0.46Q4 23 calls: $23.1mQ4 23 puts: $3.4mQ4 23P/C 0.15Q1 24 calls: $0Q1 24 puts: $0Q1 24P/C —
Numbers
QuarterCallsPutsP/C
Q2 2023$8.0m$3.2m0.40
Q3 2023$8.5m$3.9m0.46
Q4 2023$23.1m$3.4m0.15
Q1 2024$0$0—

Biggest buyers

Focus Partners Wealth New +34,764+34.8k
Orion Porfolio Solutions, LLC New +26,883+26.9k
Orion Portfolio Solutions, LLC New +26,883+26.9k
Lesa Sroufe & Co Added +2,214+2.2k
Byrne Asset Management LLC New +28+28
CWM, LLC Added +2+2

Biggest sellers

VANGUARD GROUP INC Sold out -10,525,508-10.5m
FMR LLC Sold out -9,712,392-9.7m
MORGAN STANLEY Sold out -7,581,520-7.6m
ARIEL INVESTMENTS, LLC Sold out -6,771,311-6.8m
BlackRock Inc. Sold out -4,234,484-4.2m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Sold out -2,844,038-2.8m
STATE STREET CORP Sold out -2,340,685-2.3m
Epoch Investment Partners, Inc. Sold out -2,112,266-2.1m
GEODE CAPITAL MANAGEMENT, LLC Sold out -1,670,941-1.7m
Fisher Asset Management, LLC Sold out -1,638,444-1.6m

Insider purchases and sales in Q1 2024

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)

BuyingSelling
202Q2 22: 0 buyingQ2 22: 1 sellingQ3 22: 0 buyingQ3 22: 0 sellingQ3 22Q4 22: 0 buyingQ4 22: 1 sellingQ1 23: 0 buyingQ1 23: 0 sellingQ1 23Q2 23: 0 buyingQ2 23: 0 sellingQ3 23: 0 buyingQ3 23: 0 sellingQ3 23Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 2 sellingQ1 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20220—1$2.5m—
Q3 20220—0——
Q4 20220—1$1.8m—
Q1 20230—0——
Q2 20230—0——
Q3 20230—0——
Q4 20230—0——
Q1 20240—2$3.0m—
DateInsiderTradeSharesPrice ValueTheir holding
2024-03-13 Russo Evan L CEO of Asset Management Sold 75,000 $39.35 $3.0m75.0k shares -25%
2024-02-21 Gathy Michael Chief Accounting Officer Sold 19 $37.38 $71019 shares -100%
2024-02-20 Gathy Michael Chief Accounting Officer Sold 99 $38.28 $3.8k99 shares -84%
2024-02-16 Gathy Michael Chief Accounting Officer Sold 76 $38.03 $2.9k76 shares -39%
2024-02-15 Gathy Michael Chief Accounting Officer Sold 155 $37.90 $5.9k155 shares -44%
2024-02-14 Gathy Michael Chief Accounting Officer Sold 36 $37.36 $1.3k36 shares -9%

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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Lesa Sroufe & Co 2.15% of their portfolio SEATTLE, WA 54,85554.9k $2.3m $2.3m 2.15% Added +2.2k +2,214
2 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 34,76434.8k $1.5m $1.5m 0.01% New
3 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 26,88326.9k $1.1m $1.1m 0.01% New
4 Orion Portfolio Solutions, LLC 0.01% of their portfolio Omaha, NE 26,88326.9k $1.1m $1.1m 0.01% New
5 AlphaMark Advisors, LLC 0.04% of their portfolio FT. WRIGHT, KY 2,9503.0k $124.0k $124.0k 0.04% Unchanged
6 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,9692.0k $82.0k $82.0k 0.00% Added +2 +2
7 Byrne Asset Management LLC 0.00% of their portfolio KINGSTON, NJ 2828 $1.2k $1.2k 0.00% New