Filed: 2/17/2026ACC: 0001207017-26-000017
📋 What this filing means
LAZARD ASSET MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 1853 equity positions with a total reported market value of $59.02B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
1853
Positions
$59.02B
Total AUM (reported)
5.14B
Total Shares
Allocation by class
COM$38.81B65.7%
SPONSORED ADS$2.76B4.7%
SPONSORED ADR$2.19B3.7%
CL A$2.14B3.6%
SHS$1.47B2.5%
COM NEW$1.34B2.3%
ORD SHS$1.12B1.9%
Portfolio Concentration
Top 3$6.05B10.3%
4–10$7.67B13.0%
11–25$9.76B16.5%
Rest$35.54B60.2%
Top 3 weight
10.3%
Top 10 weight
23.2%
Voting Authority Distribution
Total shares with voting rights: 5.14B
Sole
Full voting authority
4.40B
shares
% of voting shares85.5%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
743.07M
shares
% of voting shares14.5%
Investment Discretion (by position count)
Sole1842
Shared0
Other11
Dominant voting typeSole · 85.5% of voting shares
Institutional Holdings1853
Rows:
MICROSOFT CORP
SOLEShares4.92M
TypeSH
Market value$2.38B
4.03%
Sole
2.90M
Shared
0.00
None
2.02M
APPLE INC
SOLEShares7.37M
TypeSH
Market value$2.00B
3.39%
Sole
5.06M
Shared
0.00
None
2.30M
AMAZON COM INC
SOLEShares7.24M
TypeSH
Market value$1.67B
2.83%
Sole
4.55M
Shared
0.00
None
2.69M
NVIDIA CORPORATION
DFNDShares8.38M
TypeSH
Market value$1.56B
2.65%
Sole
3.55M
Shared
0.00
None
4.83M
ALPHABET INC
SOLEShares3.52M
TypeSH
Market value$1.10B
1.87%
Sole
2.64M
Shared
0.00
None
879.18K
AMERICAN TOWER CORP NEW
SOLEShares6.08M
TypeSH
Market value$1.07B
1.81%
Sole
5.77M
Shared
0.00
None
319.31K
CROWN CASTLE INC
SOLEShares11.64M
TypeSH
Market value$1.03B
1.75%
Sole
11.01M
Shared
0.00
None
628.78K
EXELON CORP
SOLEShares23.13M
TypeSH
Market value$1.01B
1.71%
Sole
21.95M
Shared
0.00
None
1.18M
TAIWAN SEMICONDUCTOR MFG LTD
SOLEShares3.25M
TypeSH
Market value$987.61M
1.67%
Sole
1.32M
Shared
0.00
None
1.93M
ALPHABET INC
SOLEShares2.88M
TypeSH
Market value$902.49M
1.53%
Sole
1.42M
Shared
0.00
None
1.45M
CANADIAN NATL RY CO
SOLEShares8.90M
TypeSH
Market value$880.62M
1.49%
Sole
8.51M
Shared
0.00
None
391.57K
FERROVIAL SE
SOLEShares13.48M
TypeSH
Market value$875.32M
1.48%
Sole
12.86M
Shared
0.00
None
625.22K
BROADCOM INC
DFNDShares2.42M
TypeSH
Market value$838.34M
1.42%
Sole
1.42M
Shared
0.00
None
1M
VISA INC
SOLEShares2.36M
TypeSH
Market value$827.54M
1.40%
Sole
1.40M
Shared
0.00
None
963.88K
CSX CORP
SOLEShares20.66M
TypeSH
Market value$748.93M
1.27%
Sole
19.79M
Shared
0.00
None
872K
ELI LILLY & CO
SOLEShares669.39K
TypeSH
Market value$719.39M
1.22%
Sole
416.05K
Shared
0.00
None
253.35K
THERMO FISHER SCIENTIFIC INC
SOLEShares1.23M
TypeSH
Market value$715.29M
1.21%
Sole
510.29K
Shared
0.00
None
724.14K
CONSOLIDATED EDISON INC
SOLEShares6.17M
TypeSH
Market value$612.37M
1.04%
Sole
5.96M
Shared
0.00
None
208.76K
BANK AMERICA CORP
SOLEShares10.50M
TypeSH
Market value$577.49M
0.98%
Sole
7.27M
Shared
0.00
None
3.23M
INTERCONTINENTAL EXCHANGE IN
SOLEShares3.27M
TypeSH
Market value$529.64M
0.90%
Sole
2.13M
Shared
0.00
None
1.14M
PROCTER AND GAMBLE CO
SOLEShares3.59M
TypeSH
Market value$515.12M
0.87%
Sole
2.23M
Shared
0.00
None
1.36M
AMPHENOL CORP NEW
SOLEShares3.75M
TypeSH
Market value$507.18M
0.86%
Sole
1.90M
Shared
0.00
None
1.85M
DANAHER CORPORATION
SOLEShares2.17M
TypeSH
Market value$497.40M
0.84%
Sole
1.21M
Shared
0.00
None
966.77K
MERCK & CO INC
SOLEShares4.41M
TypeSH
Market value$463.89M
0.79%
Sole
2.94M
Shared
0.00
None
1.47M
HDFC BANK LTD
SOLEShares12.48M
TypeSH
Market value$455.96M
0.77%
Sole
5.82M
Shared
0.00
None
6.66M
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
MICROSOFT CORPSOLE | COM | 4.92M | SH | $2.38B 4.03% | 2.90M | 0.00 | 2.02M |
APPLE INCSOLE | COM | 7.37M | SH | $2.00B 3.39% | 5.06M | 0.00 | 2.30M |
AMAZON COM INCSOLE | COM | 7.24M | SH | $1.67B 2.83% | 4.55M | 0.00 | 2.69M |
NVIDIA CORPORATIONDFND | COM | 8.38M | SH | $1.56B 2.65% | 3.55M | 0.00 | 4.83M |
ALPHABET INCSOLE | CAP STK CL A | 3.52M | SH | $1.10B 1.87% | 2.64M | 0.00 | 879.18K |
AMERICAN TOWER CORP NEWSOLE | COM | 6.08M | SH | $1.07B 1.81% | 5.77M | 0.00 | 319.31K |
CROWN CASTLE INCSOLE | COM | 11.64M | SH | $1.03B 1.75% | 11.01M | 0.00 | 628.78K |
EXELON CORPSOLE | COM | 23.13M | SH | $1.01B 1.71% | 21.95M | 0.00 | 1.18M |
TAIWAN SEMICONDUCTOR MFG LTDSOLE | SPONSORED ADS | 3.25M | SH | $987.61M 1.67% | 1.32M | 0.00 | 1.93M |
ALPHABET INCSOLE | CAP STK CL C | 2.88M | SH | $902.49M 1.53% | 1.42M | 0.00 | 1.45M |
CANADIAN NATL RY COSOLE | COM | 8.90M | SH | $880.62M 1.49% | 8.51M | 0.00 | 391.57K |
FERROVIAL SESOLE | ORD SHS | 13.48M | SH | $875.32M 1.48% | 12.86M | 0.00 | 625.22K |
BROADCOM INCDFND | COM | 2.42M | SH | $838.34M 1.42% | 1.42M | 0.00 | 1M |
VISA INCSOLE | COM CL A | 2.36M | SH | $827.54M 1.40% | 1.40M | 0.00 | 963.88K |
CSX CORPSOLE | COM | 20.66M | SH | $748.93M 1.27% | 19.79M | 0.00 | 872K |
ELI LILLY & COSOLE | COM | 669.39K | SH | $719.39M 1.22% | 416.05K | 0.00 | 253.35K |
THERMO FISHER SCIENTIFIC INCSOLE | COM | 1.23M | SH | $715.29M 1.21% | 510.29K | 0.00 | 724.14K |
CONSOLIDATED EDISON INCSOLE | COM | 6.17M | SH | $612.37M 1.04% | 5.96M | 0.00 | 208.76K |
BANK AMERICA CORPSOLE | COM | 10.50M | SH | $577.49M 0.98% | 7.27M | 0.00 | 3.23M |
INTERCONTINENTAL EXCHANGE INSOLE | COM | 3.27M | SH | $529.64M 0.90% | 2.13M | 0.00 | 1.14M |
PROCTER AND GAMBLE COSOLE | COM | 3.59M | SH | $515.12M 0.87% | 2.23M | 0.00 | 1.36M |
AMPHENOL CORP NEWSOLE | CL A | 3.75M | SH | $507.18M 0.86% | 1.90M | 0.00 | 1.85M |
DANAHER CORPORATIONSOLE | COM | 2.17M | SH | $497.40M 0.84% | 1.21M | 0.00 | 966.77K |
MERCK & CO INCSOLE | COM | 4.41M | SH | $463.89M 0.79% | 2.94M | 0.00 | 1.47M |
HDFC BANK LTDSOLE | SPONSORED ADS | 12.48M | SH | $455.96M 0.77% | 5.82M | 0.00 | 6.66M |
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