Lazard Asset Management

Quarters on file

Each quarter on file, back to June 2016 when the filing exists. Net bought is the share change from the previous quarter at that quarter’s close. A split that leaves the dollar value in place counts as flat.

• Q2 2026159 names · $904K in calls, not in the total$5.3B−$174M
• Q1 2026149 names · $2.7M in calls, not in the total$5.1B+$459M
• Q4 2025147 names · $10.0M in calls, not in the total$6.1B−$1.5B
• Q3 2025152 names · $5.2M in calls, not in the total$8.3B+$483M
• Q2 2025178 names$7.8B+$623M
• Q1 2025169 names$6.0B+$385M
• Q4 2024164 names$6.3B−$668M
• Q3 2024163 names$6.9B−$1.1B
• Q2 2024151 names$8.2B−$497M
• Q1 2024147 names$8.4B+$165M
• Q4 2023151 names$7.6B+$136M
• Q3 2023149 names$6.3B−$60.1M
• Q2 2023148 names$6.7B−$301M
• Q1 2023143 names$6.1B−$186M
• Q4 2022149 names$5.4B−$154M
• Q3 2022132 names$5.3B−$181M
• Q2 2022135 names$5.9B+$484M
• Q1 2022129 names$6.8B−$172M
• Q4 2021123 names$7.7B−$296M
• Q3 2021115 names$7.3B−$284M
• Q2 2021105 names$7.4B+$496M
• Q1 202182 names$6.2B+$319M
• Q4 202088 names$5.7B−$236M
• Q3 202073 names$5.3B−$201M
• Q2 202072 names$5.2B+$286M
• Q1 202071 names$3.8B+$446M
• Q4 201964 names$3.8B+$386M
• Q3 201968 names$3.0B+$7.9M
• Q2 201954 names$3.1B+$62.2M
• Q1 201941 names$2.8B+$467M
• Q4 201836 names$1.9B+$122M
• Q3 201833 names$2.1B+$117M
• Q2 201833 names$1.7B+$99.5M
• Q1 201828 names$1.5B−$8.8M
• Q4 201726 names$1.4B+$79.5M
• Q3 201726 names$1.2B+$32.6M
• Q2 201725 names$1.1B−$139M
• Q1 201728 names$1.2B+$7.6M
• Q4 201626 names$1.1B+$20.8M
• Q3 201622 names$991M−$206M
• Q2 201623 names$1.1B—

What moved the book

The five software lines with the largest share change this quarter.

• AdobeADBE+$225M$478M
• VeriSign, Inc.VRSN+$144M$222M
• SalesforceCRM+$139M$455M
• FortinetFTNT+$138M$27.1M
• LiveRamp Holdings, Inc.RAMP−$103M$3.4M

Software held

• MicrosoftMSFT10,509,846 shares · 45.7% of their software · price −$541M$2.7BFlat
• Fiserv, Inc.FISV6,328,397 shares · 9.5% of their software · price −$78.7M$563M+$14.8M
• AdobeADBE1,306,612 shares · 8.1% of their software · price −$117M$478M+$225M
• SalesforceCRM2,757,097 shares · 7.7% of their software · price −$130M$455M+$139M
• VeriSign, Inc.VRSN1,323,977 shares · 3.8% of their software · price −$73.0M$222M+$144M
• SynopsysSNPS610,109 shares · 3.1% of their software · price −$18.0M$185M−$74.8M
• PTCPTC1,580,277 shares · 2.8% of their software · price −$2.2M$168M+$28.7M
• VeriskVRSK894,943 shares · 2.6% of their software · price −$37.2M$155M−$15.7M
• Palo Alto NetworksPANW291,325 shares · 2.4% of their software · price −$37.5M$144M−$46.7M
• AutodeskADSK598,176 shares · 1.7% of their software · price −$25.4M$103M+$3.9M
• CadenceCDNS534,593 shares · 1.4% of their software · price −$7.7M$80.2M+$1.1M
• IntuitINTU192,735 shares · 1.3% of their software · price −$18.4M$74.3M+$1.8M
• Paychex, Inc.PAYX547,918 shares · 1.1% of their software · price −$12.4M$62.4M−$8.5M
• TrimbleTRMB996,366 shares · 1.0% of their software · price −$13.9M$58.0M+$1.1M
• SS&CSSNC894,549 shares · 0.9% of their software · price −$15.2M$51.9M+$66.5M
• FactSetFDS82,202 shares · 0.5% of their software · price −$4.1M$31.6M−$14.7M
• Check PointCHKP226,544 shares · 0.5% of their software · price −$3.7M$27.6M−$1.1M
• FortinetFTNT479,543 shares · 0.5% of their software · price −$137M$27.1M+$138M
• MorningstarMORN111,842 shares · 0.5% of their software · price −$3.5M$27.0M−$846K
• Automatic Data Processing, Inc.ADP118,903 shares · 0.4% of their software · price −$2.1M$25.0M−$1.7M
• CertaraCERT1,136,483 shares · 0.4% of their software$24.4M+$4.2M
• F5, Inc.FFIV156,972 shares · 0.4% of their software · price −$8.8M$24.0MFlat
• UiPathPATH1,077,604 shares · 0.3% of their software · price −$3.7M$19.6MFlat
• Amdocs LimitedDOX233,730 shares · 0.3% of their software$19.5M+$1.5M
• ServiceNowNOW38,763 shares · 0.3% of their software · price −$3.2M$18.4M−$2.3M
• NetApp, Inc.NTAP256,977 shares · 0.3% of their software · price −$4.6M$16.8M−$3.2M
• SchrödingerSDGR620,311 shares · 0.3% of their software · price −$4.8M$16.4M+$8.5M
• VeevaVEEV81,741 shares · 0.3% of their software · price −$1.2M$16.2M+$7.5M
• PagSeguro Digital Ltd.PAGS1,204,528 shares · 0.2% of their software · price −$11.8M$12.3M+$5.6M
• CrowdStrikeCRWD69,524 shares · 0.2% of their software · price −$4.1M$11.7M+$3.3M
• PhreesiaPHR461,305 shares · 0.2% of their software · price −$623K$11.5M−$5.1M
• DoximityDOCS234,728 shares · 0.1% of their software · price −$4.1M$8.2M+$4.5M
• GoDaddyGDDY110,977 shares · 0.1% of their software · price −$1.6M$7.7M−$1.3M
• Health CatalystHCAT489,555 shares · 0.1% of their software · price −$5.7M$7.1M+$3.1M
• DatadogDDOG56,503 shares · 0.1% of their software · price −$3.2M$5.4M+$5.5M
• N-ableNABL536,072 shares · 0.1% of their software$4.8M−$1.9M
• AkamaiAKAM43,458 shares · 0.1% of their software · price −$1.2M$4.0M−$10.3M
• LiveRamp Holdings, Inc.RAMP132,163 shares · 0.1% of their software · price −$1.5M$3.4M−$103M
• OracleORCL48,294 shares · 0.1% of their software · price −$621K$3.4MFlat
• MongoDBMDB12,656 shares · 0.1% of their software · price −$2.3M$3.3M+$3.5M
• Remitly Global, Inc.RELY322,932 shares · 0.0% of their software · price −$714K$2.5MFlat
• Manhattan AssociatesMANH20,806 shares · 0.0% of their software · price −$502K$2.4M−$3.6M
• ZscalerZS15,386 shares · 0.0% of their software · price −$1.4M$2.3M+$1.6M
• Uber Technologies, Inc.UBER96,553 shares · 0.0% of their software · price −$1.5M$2.0MFlat
• BILLBILL17,301 shares · 0.0% of their software · price −$2.0M$1.9M+$3.5M
• SnowflakeSNOW10,081 shares · 0.0% of their software · price −$908K$1.4MFlat
• Block, Inc.XYZ21,969 shares · 0.0% of their software · price −$1.6M$1.4MFlat
• CloudflareNET22,888 shares · 0.0% of their software · price −$1.7M$1.0MFlat
• International Money Express, Inc.IMXI37,446 shares · 0.0% of their software$766K+$650K
• ZoomZM6,598 shares · 0.0% of their software$711K−$689K
• EVERTEC, Inc.EVTC18,199 shares · 0.0% of their software$671KFlat
• DocuSignDOCU10,763 shares · 0.0% of their software · price −$535K$617K−$6.1M
• DropboxDBX28,549 shares · 0.0% of their software$599KFlat
• WorkdayWDAY3,569 shares · 0.0% of their software$498K−$2.0M
• Strategy IncMSTR3,008 shares · 0.0% of their software · price −$969K$494KFlat
• Roper Technologies, Inc.ROP1,127 shares · 0.0% of their software$444K+$530K
• ZoomInfoZI11,338 shares · 0.0% of their software$376KNew
• Sabre CorporationSABR63,033 shares · 0.0% of their software$367KNew · +$720K
• Kingsoft Cloud Holdings LimitedKC80,645 shares · 0.0% of their software$358KNew · Flat
• Lyft, Inc.LYFT25,289 shares · 0.0% of their software · price −$635K$335KFlat
• QualysQLYS2,256 shares · 0.0% of their software$284KFlat
• SPS CommerceSPSC2,433 shares · 0.0% of their software$275KFlat
• TenableTENB5,152 shares · 0.0% of their software$233K−$611K
• BoxBOX9,242 shares · 0.0% of their software$232KFlat
• ProgressPRGS4,753 shares · 0.0% of their software$215KFlat
• Gen DigitalGEN8,253 shares · 0.0% of their software$181KFlat
• SAPSAP1,791 shares · 0.0% of their software$162KFlat
• WEX Inc.WEX964 shares · 0.0% of their software$149KFlat
• A10 Networks, Inc.ATEN8,946 shares · 0.0% of their software$128KFlat
• DescartesDSGX2,055 shares · 0.0% of their software$127KFlat
• Mitek Systems, Inc.MITK13,643 shares · 0.0% of their software$126KFlat
• Rapid7RPD1,892 shares · 0.0% of their software$126KFlat
• i3 Verticals, Inc.IIIV5,007 shares · 0.0% of their software$125KFlat
• GitLabGTLB2,332 shares · 0.0% of their software$123KFlat
• PagerDutyPD4,967 shares · 0.0% of their software$123KFlat
• Donnelley Financial Solutions, Inc.DFIN4,185 shares · 0.0% of their software$122K−$4.7M
• InterDigital, Inc.IDCC1,998 shares · 0.0% of their software$121KFlat
• PDF Solutions, Inc.PDFS5,534 shares · 0.0% of their software$119KFlat
• SprinklrCXM11,663 shares · 0.0% of their software$117KNew · Flat
• ACI WorldwideACIW4,338 shares · 0.0% of their software$112KFlat
• ElasticESTC1,508 shares · 0.0% of their software$102KFlat
• DomoDOMO3,610 shares · 0.0% of their software$100K—
• BlackbaudBLKB1,680 shares · 0.0% of their software$97KFlat
• Alarm.com Holdings, Inc.ALRM1,484 shares · 0.0% of their software$91KFlat
• PAR Technology CorporationPAR2,430 shares · 0.0% of their software$91KFlat
• Sprout SocialSPT1,572 shares · 0.0% of their software$91KFlat
• Cerence Inc.CRNC3,374 shares · 0.0% of their software$85K−$1.3M
• CommvaultCVLT1,321 shares · 0.0% of their software$83KFlat
• WixWIX1,250 shares · 0.0% of their software$81KFlat
• Cognyte Software Ltd.CGNT18,437 shares · 0.0% of their software$78KNew · Flat
• Endava plcDAVA894 shares · 0.0% of their software$78KFlat
• eGain CorporationEGAN7,705 shares · 0.0% of their software$75KFlat
• Ooma, Inc.OOMA6,375 shares · 0.0% of their software$75KFlat
• PaycomPAYC271 shares · 0.0% of their software$75K−$651K
• OktaOKTA829 shares · 0.0% of their software$74KFlat
• SemrushSEMR4,956 shares · 0.0% of their software$64K—
• Q2QTWO1,537 shares · 0.0% of their software$59KFlat
• DoceboDCBO2,006 shares · 0.0% of their software$57KFlat
• DHI Group, Inc.DHX11,168 shares · 0.0% of their software$55KNew · Flat
• nCinoNCNO1,751 shares · 0.0% of their software$54KFlat
• BlackLineBL795 shares · 0.0% of their software$52KFlat
• HubSpotHUBS177 shares · 0.0% of their software$52KFlat
• Agilysys, Inc.AGYS1,098 shares · 0.0% of their software$51KNew · Flat
• NetScout Systems, Inc.NTCT1,517 shares · 0.0% of their software$51KFlat
• NutanixNTNX3,500 shares · 0.0% of their software$51KNew · Flat
• DigitalOceanDOCN1,226 shares · 0.0% of their software$50KFlat
• EverCommerceEVCM5,398 shares · 0.0% of their software$48KFlat
• RingCentralRNG931 shares · 0.0% of their software$48KNew · Flat
• Veritone, Inc.VERI7,407 shares · 0.0% of their software$48KFlat
• Radware Ltd.RDWR2,194 shares · 0.0% of their software$47K−$1.1M
• JFrogFROG2,224 shares · 0.0% of their software$46KFlat
• WorkivaWK703 shares · 0.0% of their software$46KFlat
• Ribbon Communications Inc.RBBN14,825 shares · 0.0% of their software$45KFlat
• TeradataTDC1,020 shares · 0.0% of their software$37KFlat
• Digital TurbineAPPS2,110 shares · 0.0% of their software$36KFlat
• Thryv Holdings, Inc.THRY1,576 shares · 0.0% of their software$35KNew · Flat
• Five9FIVN379 shares · 0.0% of their software$34KFlat
• Fair IsaacFICO79 shares · 0.0% of their software$31KFlat
• CoStarCSGP493 shares · 0.0% of their software$29KFlat
• ShopifySHOP760 shares · 0.0% of their software$23KFlat
• The Trade DeskTTD511 shares · 0.0% of their software$21K−$4.1M
• LightspeedLSPD908 shares · 0.0% of their software$20KFlat
• PubMaticPUBM1,128 shares · 0.0% of their software$17KNew · Flat
• PalantirPLTR1,671 shares · 0.0% of their software$15K−$679K
• TwilioTWLO186 shares · 0.0% of their software$15KFlat
• AppLovinAPP312 shares · 0.0% of their software$10KFlat
• Global-EGLBE500 shares · 0.0% of their software$10KNew · Flat
• ProcorePCOR178 shares · 0.0% of their software$8KNew · Flat
• Euronet Worldwide, Inc.EEFT79 shares · 0.0% of their software$7KFlat
• Tyler TechnologiesTYL17 shares · 0.0% of their software$5KFlat
• Shift4 Payments, Inc.FOUR103 shares · 0.0% of their software$3KFlat
• UnityU72 shares · 0.0% of their software$2K−$1.2M
• BroadridgeBR8 shares · 0.0% of their software$1KFlat
• Bentley SystemsBSY33 shares · 0.0% of their software$1KFlat
• Consensus Cloud Solutions, Inc.CCSI32 shares · 0.0% of their software$1KNew · Flat