Filed: 11/14/2025ACC: 0001207017-25-000074
📋 What this filing means
LAZARD ASSET MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 1809 equity positions with a total reported market value of $74.28B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
1809
Positions
$74.28B
Total AUM (reported)
4.96B
Total Shares
Allocation by class
COM$51.25B69.0%
CL A$3.10B4.2%
SPONSORED ADS$2.81B3.8%
SHS$2.33B3.1%
SPONSORED ADR$2.04B2.7%
CAP STK CL A$1.74B2.3%
COM CL A$1.48B2.0%
Portfolio Concentration
Top 3$9.57B12.9%
4–10$9.44B12.7%
11–25$12.02B16.2%
Rest$43.25B58.2%
Top 3 weight
12.9%
Top 10 weight
25.6%
Voting Authority Distribution
Total shares with voting rights: 4.96B
Sole
Full voting authority
4.24B
shares
% of voting shares85.4%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
723.35M
shares
% of voting shares14.6%
Investment Discretion (by position count)
Sole1798
Shared0
Other11
Dominant voting typeSole · 85.4% of voting shares
Institutional Holdings1809
Rows:
MICROSOFT CORP
SOLEShares7.60M
TypeSH
Market value$3.94B
5.30%
Sole
5.65M
Shared
0.00
None
1.96M
APPLE INC
SOLEShares12.11M
TypeSH
Market value$3.08B
4.15%
Sole
9.99M
Shared
0.00
None
2.11M
AMAZON COM INC
SOLEShares11.61M
TypeSH
Market value$2.55B
3.43%
Sole
9.08M
Shared
0.00
None
2.53M
ALPHABET INC
SOLEShares7.15M
TypeSH
Market value$1.74B
2.34%
Sole
6.20M
Shared
0.00
None
946.53K
NVIDIA CORPORATION
DFNDShares8.07M
TypeSH
Market value$1.51B
2.03%
Sole
3.50M
Shared
0.00
None
4.57M
BROADCOM INC
DFNDShares4.08M
TypeSH
Market value$1.35B
1.81%
Sole
3.11M
Shared
0.00
None
967.39K
TAIWAN SEMICONDUCTOR MFG LTD
SOLEShares4.56M
TypeSH
Market value$1.27B
1.71%
Sole
1.88M
Shared
0.00
None
2.68M
FERROVIAL SE
SOLEShares21.99M
TypeSH
Market value$1.26B
1.69%
Sole
20.95M
Shared
0.00
None
1.04M
VISA INC
SOLEShares3.60M
TypeSH
Market value$1.23B
1.66%
Sole
2.66M
Shared
0.00
None
945.03K
CSX CORP
SOLEShares30.69M
TypeSH
Market value$1.09B
1.47%
Sole
28.85M
Shared
0.00
None
1.84M
INTERCONTINENTAL EXCHANGE IN
SOLEShares6.40M
TypeSH
Market value$1.08B
1.45%
Sole
5.25M
Shared
0.00
None
1.15M
BANK AMERICA CORP
SOLEShares19.70M
TypeSH
Market value$1.02B
1.37%
Sole
16.87M
Shared
0.00
None
2.83M
EXELON CORP
SOLEShares22.45M
TypeSH
Market value$1.01B
1.36%
Sole
21.27M
Shared
0.00
None
1.18M
PROCTER AND GAMBLE CO
SOLEShares6.01M
TypeSH
Market value$923.07M
1.24%
Sole
4.68M
Shared
0.00
None
1.33M
AMERICAN TOWER CORP NEW
SOLEShares4.46M
TypeSH
Market value$858.55M
1.16%
Sole
4.28M
Shared
0.00
None
184.78K
CANADIAN NATL RY CO
SOLEShares8.96M
TypeSH
Market value$844.35M
1.14%
Sole
8.59M
Shared
0.00
None
369.77K
ELI LILLY & CO
SOLEShares1.08M
TypeSH
Market value$826.65M
1.11%
Sole
847.86K
Shared
0.00
None
235.56K
THERMO FISHER SCIENTIFIC INC
SOLEShares1.58M
TypeSH
Market value$767.72M
1.03%
Sole
904.98K
Shared
0.00
None
677.90K
AMPHENOL CORP NEW
SOLEShares6.18M
TypeSH
Market value$765.34M
1.03%
Sole
4.31M
Shared
0.00
None
1.87M
ANALOG DEVICES INC
SOLEShares2.76M
TypeSH
Market value$678.11M
0.91%
Sole
1.95M
Shared
0.00
None
805.42K
ALPHABET INC
SOLEShares2.71M
TypeSH
Market value$659.96M
0.89%
Sole
1.43M
Shared
0.00
None
1.28M
BOSTON SCIENTIFIC CORP
SOLEShares6.72M
TypeSH
Market value$656.05M
0.88%
Sole
5.20M
Shared
0.00
None
1.52M
EXXON MOBIL CORP
SOLEShares5.81M
TypeSH
Market value$655.34M
0.88%
Sole
5.60M
Shared
0.00
None
212.31K
DANAHER CORPORATION
SOLEShares3.30M
TypeSH
Market value$653.61M
0.88%
Sole
2.40M
Shared
0.00
None
896.65K
SCHWAB CHARLES CORP
SOLEShares6.53M
TypeSH
Market value$623.71M
0.84%
Sole
5.73M
Shared
0.00
None
802.87K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
MICROSOFT CORPSOLE | COM | 7.60M | SH | $3.94B 5.30% | 5.65M | 0.00 | 1.96M |
APPLE INCSOLE | COM | 12.11M | SH | $3.08B 4.15% | 9.99M | 0.00 | 2.11M |
AMAZON COM INCSOLE | COM | 11.61M | SH | $2.55B 3.43% | 9.08M | 0.00 | 2.53M |
ALPHABET INCSOLE | CAP STK CL A | 7.15M | SH | $1.74B 2.34% | 6.20M | 0.00 | 946.53K |
NVIDIA CORPORATIONDFND | COM | 8.07M | SH | $1.51B 2.03% | 3.50M | 0.00 | 4.57M |
BROADCOM INCDFND | COM | 4.08M | SH | $1.35B 1.81% | 3.11M | 0.00 | 967.39K |
TAIWAN SEMICONDUCTOR MFG LTDSOLE | SPONSORED ADS | 4.56M | SH | $1.27B 1.71% | 1.88M | 0.00 | 2.68M |
FERROVIAL SESOLE | ORD SHS | 21.99M | SH | $1.26B 1.69% | 20.95M | 0.00 | 1.04M |
VISA INCSOLE | COM CL A | 3.60M | SH | $1.23B 1.66% | 2.66M | 0.00 | 945.03K |
CSX CORPSOLE | COM | 30.69M | SH | $1.09B 1.47% | 28.85M | 0.00 | 1.84M |
INTERCONTINENTAL EXCHANGE INSOLE | COM | 6.40M | SH | $1.08B 1.45% | 5.25M | 0.00 | 1.15M |
BANK AMERICA CORPSOLE | COM | 19.70M | SH | $1.02B 1.37% | 16.87M | 0.00 | 2.83M |
EXELON CORPSOLE | COM | 22.45M | SH | $1.01B 1.36% | 21.27M | 0.00 | 1.18M |
PROCTER AND GAMBLE COSOLE | COM | 6.01M | SH | $923.07M 1.24% | 4.68M | 0.00 | 1.33M |
AMERICAN TOWER CORP NEWSOLE | COM | 4.46M | SH | $858.55M 1.16% | 4.28M | 0.00 | 184.78K |
CANADIAN NATL RY COSOLE | COM | 8.96M | SH | $844.35M 1.14% | 8.59M | 0.00 | 369.77K |
ELI LILLY & COSOLE | COM | 1.08M | SH | $826.65M 1.11% | 847.86K | 0.00 | 235.56K |
THERMO FISHER SCIENTIFIC INCSOLE | COM | 1.58M | SH | $767.72M 1.03% | 904.98K | 0.00 | 677.90K |
AMPHENOL CORP NEWSOLE | CL A | 6.18M | SH | $765.34M 1.03% | 4.31M | 0.00 | 1.87M |
ANALOG DEVICES INCSOLE | COM | 2.76M | SH | $678.11M 0.91% | 1.95M | 0.00 | 805.42K |
ALPHABET INCSOLE | CAP STK CL C | 2.71M | SH | $659.96M 0.89% | 1.43M | 0.00 | 1.28M |
BOSTON SCIENTIFIC CORPSOLE | COM | 6.72M | SH | $656.05M 0.88% | 5.20M | 0.00 | 1.52M |
EXXON MOBIL CORPSOLE | COM | 5.81M | SH | $655.34M 0.88% | 5.60M | 0.00 | 212.31K |
DANAHER CORPORATIONSOLE | COM | 3.30M | SH | $653.61M 0.88% | 2.40M | 0.00 | 896.65K |
SCHWAB CHARLES CORPSOLE | COM | 6.53M | SH | $623.71M 0.84% | 5.73M | 0.00 | 802.87K |
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