Who owns Lazard (LAZ)
Which tracked institutional funds hold LAZ, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See LAZ company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
62 tracked funds added or opened LAZ while 83 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
LAZ’s largest tracked holder by dollar value, FMR LLC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in LAZ divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 322 tracked filers holding LAZ, 171 increased or opened the position and 179 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in LAZ between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 23
- Jupiter Topco LLC$67M
- BANK OF NOVA SCOTIA$34M
- CANADA PENSION PLAN INVESTMENT BOARD$29M
- Public Sector Pension Investment Board$16M
- Caisse de depot et placement du Quebec$15M
- MUFG Securities EMEA plc$11M
Full exits 37
- JANUS HENDERSON GROUP PLC$61M
- Qube Research & Technologies Ltd$40M
- Woodline Partners LP$24M
- CITADEL ADVISORS LLC$15M
- JANE STREET GROUP, LLC$12M
- State of Alaska, Department of Revenue$12M
Largest adds
- BlackRock, Inc.$207M
- GOLDMAN SACHS GROUP INC$85M
- STATE STREET CORP$72M
- BNP PARIBAS FINANCIAL MARKETS$55M
- VANGUARD PORTFOLIO MANAGEMENT LLC$47M
- JPMORGAN CHASE & CO$29M
Largest trims
- PRICE T ROWE ASSOCIATES INC /MD/$32M
- VOYA INVESTMENT MANAGEMENT LLC$22M
- LOS ANGELES CAPITAL MANAGEMENT LLC$22M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$17M
- Ranger Investment Management, L.P.$13M
- Callodine Capital Management, LP$12M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| FMR LLC added | 11,152,391 | $468M | 11.3% | 2026-Q2 |
| BlackRock, Inc. added | 9,038,924 | $379M | 9.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 8,962,415 | $376M | 9.1% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 6,136,015 | $257M | 6.2% | 2026-Q2 |
| ARIEL INVESTMENTS, LLC trimmed | 5,755,404 | $241M | 5.9% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 5,021,304 | $211M | 5.1% | 2026-Q2 |
| STATE STREET CORP added | 3,632,893 | $152M | 3.7% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 2,986,539 | $125M | 3.0% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 2,561,497 | $107M | 2.6% | 2026-Q2 |
| Capital Research Global Investors trimmed | 2,242,241 | $94M | 2.3% | 2026-Q2 |
| Fisher Asset Management, LLC trimmed | 2,148,377 | $90M | 2.2% | 2026-Q2 |
| MORGAN STANLEY added | 2,137,354 | $90M | 2.2% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 2,072,270 | $87M | 2.1% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 1,952,363 | $82M | 2.0% | 2026-Q2 |
| NORGES BANK added | 1,757,418 | $74M | 1.8% | 2026-Q2 |
| Jupiter Topco LLC new | 1,604,098 | $67M | 1.6% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 1,542,057 | $65M | 1.6% | 2026-Q2 |
| Invesco Ltd. added | 1,461,214 | $61M | 1.5% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 1,362,926 | $57M | 1.4% | 2026-Q2 |
| Epoch Investment Partners, Inc. trimmed | 1,306,301 | $55M | 1.3% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,162,755 | $49M | 1.2% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 1,138,315 | $48M | 1.2% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 1,024,305 | $42M | 1.0% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 1,004,339 | $42M | 1.0% | 2026-Q2 |
| ROYCE & ASSOCIATES LP trimmed | 968,112 | $41M | 1.0% | 2026-Q2 |
| UBS Group AG added | 964,653 | $40M | 1.0% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 889,392 | $37M | 0.9% | 2026-Q2 |
| BANK OF NOVA SCOTIA new | 804,872 | $34M | 0.8% | 2026-Q2 |
| Bank of New York Mellon Corp added | 752,606 | $32M | 0.8% | 2026-Q2 |
| VOYA INVESTMENT MANAGEMENT LLC trimmed | 743,305 | $31M | 0.8% | 2026-Q2 |
| NORTHERN TRUST CORP added | 741,039 | $31M | 0.8% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 709,203 | $30M | 0.7% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD new | 697,200 | $29M | 0.7% | 2026-Q2 |
| Squarepoint Ops LLC added | 554,285 | $23M | 0.6% | 2026-Q2 |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. trimmed | 546,216 | $23M | 0.6% | 2026-Q2 |
| FEDERATED HERMES, INC. trimmed | 487,237 | $20M | 0.5% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC added | 412,291 | $17M | 0.4% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 401,223 | $17M | 0.4% | 2026-Q2 |
| CRAWFORD INVESTMENT COUNSEL INC added | 398,595 | $17M | 0.4% | 2026-Q2 |
| Public Sector Pension Investment Board new | 383,706 | $16M | 0.4% | 2026-Q2 |
| Caisse de depot et placement du Quebec new | 365,995 | $15M | 0.4% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 353,445 | $15M | 0.4% | 2026-Q2 |
| MetLife Investment Management, LLC trimmed | 326,564 | $14M | 0.3% | 2026-Q2 |
| GW HENSSLER & ASSOCIATES LTD added | 297,132 | $12M | 0.3% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 296,546 | $12M | 0.3% | 2026-Q2 |
| Walleye Capital LLC added | 290,752 | $12M | 0.3% | 2026-Q2 |
| Ranger Investment Management, L.P. trimmed | 270,470 | $11M | 0.3% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 267,844 | $11M | 0.3% | 2026-Q2 |
| ALGEBRIS (UK) LTD trimmed | 261,796 | $11M | 0.3% | 2026-Q2 |
| MUFG Securities EMEA plc new | 254,300 | $11M | 0.3% | 2026-Q2 |
| Legal & General Group Plc added | 244,003 | $10M | 0.2% | 2026-Q2 |
| Swedbank AB | 207,000 | $9M | 0.2% | 2026-Q2 |
| Crestwood Advisors Group, LLC added | 202,261 | $8M | 0.2% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 201,561 | $8M | 0.2% | 2026-Q2 |
| Buck Wealth Strategies, LLC added | 201,288 | $8M | 0.2% | 2026-Q2 |
| Purpose Unlimited Inc. added | 191,474 | $8M | 0.2% | 2026-Q2 |
| Swiss National Bank added | 188,400 | $8M | 0.2% | 2026-Q2 |
| CITIGROUP INC trimmed | 187,153 | $8M | 0.2% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 185,136 | $8M | 0.2% | 2026-Q2 |
| Nuveen, LLC trimmed | 169,584 | $7M | 0.2% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 166,472 | $7M | 0.2% | 2026-Q2 |
| LOS ANGELES CAPITAL MANAGEMENT LLC trimmed | 163,758 | $7M | 0.2% | 2026-Q2 |
| California Public Employees Retirement System trimmed | 162,981 | $7M | 0.2% | 2026-Q2 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC new | 152,836 | $6M | 0.2% | 2026-Q2 |
| TD Asset Management Inc trimmed | 152,698 | $6M | 0.2% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 150,500 | $6M | 0.2% | 2026-Q2 |
| LEVIN CAPITAL STRATEGIES, L.P. new | 138,527 | $6M | 0.1% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC new | 135,505 | $6M | 0.1% | 2026-Q2 |
| Prana Capital Management, LP trimmed | 130,189 | $5M | 0.1% | 2026-Q2 |
| Capricorn Fund Managers Ltd new | 121,900 | $5M | 0.1% | 2026-Q2 |
| CAMBIAR INVESTORS LLC trimmed | 111,179 | $5M | 0.1% | 2026-Q2 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM added | 109,925 | $5M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 108,613 | $5M | 0.1% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 106,590 | $4M | 0.1% | 2026-Q2 |
| CREDIT AGRICOLE S A added | 103,038 | $4M | 0.1% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC added | 100,538 | $4M | 0.1% | 2026-Q2 |
| Focus Partners Wealth trimmed | 98,021 | $4M | 0.1% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 97,743 | $4M | 0.1% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 95,846 | $4M | 0.1% | 2026-Q2 |
| Engineers Gate Manager LP added | 95,509 | $4M | 0.1% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 89,100 | $4M | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd trimmed | 86,502 | $4M | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 83,248 | $3M | 0.1% | 2026-Q2 |
| Brevan Howard Capital Management LP added | 82,940 | $3M | 0.1% | 2026-Q2 |
| ALPS ADVISORS INC added | 82,903 | $3M | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 68,587 | $3M | 0.1% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ added | 63,090 | $3M | 0.1% | 2026-Q2 |
| ICON ADVISERS INC/CO | 61,898 | $3M | 0.1% | 2026-Q2 |
| Illinois Municipal Retirement Fund trimmed | 60,903 | $3M | 0.1% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND trimmed | 53,910 | $2M | 0.1% | 2026-Q2 |
| Callahan Advisors, LLC trimmed | 52,442 | $2M | 0.1% | 2026-Q2 |
| Lido Advisors, LLC new | 52,264 | $2M | 0.1% | 2026-Q2 |
| Edgestream Partners, L.P. trimmed | 50,153 | $2M | 0.1% | 2026-Q2 |
| Louisiana State Employees Retirement System new | 48,900 | $2M | 0.0% | 2026-Q2 |
| Paulson Wealth Management Inc. | 48,762 | $2M | 0.0% | 2026-Q2 |
| Vident Advisory, LLC new | 48,270 | $2M | 0.0% | 2026-Q2 |
| Creative Planning added | 47,949 | $2M | 0.0% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 47,167 | $2M | 0.0% | 2026-Q2 |
| Wilmington Savings Fund Society, FSB | 46,085 | $2M | 0.0% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey added | 43,025 | $2M | 0.0% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.