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.

• Palo Alto NetworksPANW−$132M$3.8M
• AdobeADBE−$55.5M$318M
• MicrosoftMSFT−$50.4M$2.4B
• Fiserv, Inc.FISV−$47.7M$542M
• SS&CSSNC+$47.1M$81.4M

Software held

• MicrosoftMSFT10,313,618 shares · 45.3% of their software · price −$247M$2.4B−$50.4M
• Fiserv, Inc.FISV5,791,966 shares · 10.2% of their software · price +$26.6M$542M−$47.7M
• SalesforceCRM2,871,020 shares · 7.8% of their software · price −$60.9M$413M+$18.8M
• AdobeADBE1,155,084 shares · 6.0% of their software · price −$105M$318M−$55.5M
• VeriSign, Inc.VRSN1,246,907 shares · 4.1% of their software · price +$7.9M$217M−$12.9M
• SynopsysSNPS670,985 shares · 3.9% of their software · price +$1.2M$205M+$18.5M
• PTCPTC1,503,195 shares · 3.0% of their software · price −$2.6M$157M−$8.2M
• VeriskVRSK858,372 shares · 2.8% of their software · price −$2.2M$146M−$6.3M
• AutodeskADSK645,829 shares · 2.3% of their software · price +$9.6M$121M+$8.2M
• CadenceCDNS653,867 shares · 2.0% of their software · price +$8.8M$107M+$17.9M
• SS&CSSNC1,705,491 shares · 1.5% of their software · price −$17.6M$81.4M+$47.1M
• IntuitINTU195,962 shares · 1.4% of their software$75.9M+$1.2M
• Paychex, Inc.PAYX650,602 shares · 1.4% of their software · price −$1.1M$73.0M+$11.7M
• TrimbleTRMB1,044,417 shares · 1.1% of their software · price −$4.1M$56.7M+$2.8M
• Automatic Data Processing, Inc.ADP126,652 shares · 0.5% of their software · price +$2.0M$28.6M+$1.6M
• Check PointCHKP237,492 shares · 0.5% of their software · price −$2.3M$26.6M+$1.3M
• FortinetFTNT480,220 shares · 0.4% of their software · price −$3.6M$23.6MFlat
• FactSetFDS53,249 shares · 0.4% of their software · price +$827K$21.3M−$11.1M
• MorningstarMORN97,424 shares · 0.4% of their software · price −$2.9M$20.7M−$3.5M
• VeevaVEEV120,897 shares · 0.4% of their software · price −$4.0M$19.9M+$7.8M
• F5, Inc.FFIV136,489 shares · 0.4% of their software · price −$1.1M$19.8M−$3.1M
• NetApp, Inc.NTAP273,205 shares · 0.3% of their software · price −$926K$16.9M+$1.1M
• Amdocs LimitedDOX203,725 shares · 0.3% of their software · price −$786K$16.2M−$2.5M
• SchrödingerSDGR645,861 shares · 0.3% of their software · price −$924K$16.1M+$675K
• UiPathPATH1,078,874 shares · 0.3% of their software · price −$6.0M$13.6MFlat
• PagSeguro Digital Ltd.PAGS940,460 shares · 0.2% of their software · price +$2.8M$12.4M−$2.7M
• ServiceNowNOW32,514 shares · 0.2% of their software · price −$3.2M$12.3M−$3.0M
• PhreesiaPHR479,136 shares · 0.2% of their software$12.2MFlat
• CertaraCERT850,572 shares · 0.2% of their software · price −$7.0M$11.3M−$6.1M
• CrowdStrikeCRWD62,563 shares · 0.2% of their software$10.3M−$1.2M
• DoximityDOCS333,179 shares · 0.2% of their software · price −$1.5M$10.1M+$3.4M
• Donnelley Financial Solutions, Inc.DFIN264,759 shares · 0.2% of their software · price +$2.0M$9.8M+$7.6M
• Manhattan AssociatesMANH71,097 shares · 0.2% of their software · price +$1.3M$9.5M+$5.8M
• MongoDBMDB47,025 shares · 0.2% of their software · price −$2.9M$9.3M+$8.9M
• GoDaddyGDDY105,202 shares · 0.1% of their software$7.5MFlat
• Health CatalystHCAT578,601 shares · 0.1% of their software · price −$2.8M$5.6M+$1.3M
• ZscalerZS30,162 shares · 0.1% of their software$5.0M+$2.2M
• Endava plcDAVA60,824 shares · 0.1% of their software$4.9M+$5.3M
• N-ableNABL529,114 shares · 0.1% of their software$4.9MFlat
• Palo Alto NetworksPANW23,220 shares · 0.1% of their software · price −$7.7M$3.8M−$132M
• ZoomInfoZI86,285 shares · 0.1% of their software$3.6M—
• DatadogDDOG25,890 shares · 0.0% of their software$2.3M−$2.9M
• Tyler TechnologiesTYL6,598 shares · 0.0% of their software$2.3M+$2.2M
• Uber Technologies, Inc.UBER85,146 shares · 0.0% of their software · price +$514K$2.3MFlat
• PaycomPAYC6,658 shares · 0.0% of their software$2.2M+$1.8M
• BILLBILL14,816 shares · 0.0% of their software$2.0MFlat
• SnowflakeSNOW10,928 shares · 0.0% of their software$1.9MFlat
• OracleORCL27,629 shares · 0.0% of their software$1.7M−$1.4M
• Block, Inc.XYZ28,515 shares · 0.0% of their software$1.6MFlat
• AkamaiAKAM16,328 shares · 0.0% of their software$1.3M−$2.5M
• International Money Express, Inc.IMXI53,586 shares · 0.0% of their software$1.2MFlat
• CloudflareNET16,570 shares · 0.0% of their software$916KFlat
• PaylocityPCTY3,765 shares · 0.0% of their software$909KNew · +$657K
• Fair IsaacFICO1,896 shares · 0.0% of their software$780K+$728K
• WorkdayWDAY4,818 shares · 0.0% of their software$732KFlat
• DropboxDBX28,549 shares · 0.0% of their software$591KFlat
• DocuSignDOCU10,708 shares · 0.0% of their software$572KFlat
• PagerDutyPD24,065 shares · 0.0% of their software$555KFlat
• Remitly Global, Inc.RELY45,373 shares · 0.0% of their software$504K−$2.1M
• ZoomZM6,493 shares · 0.0% of their software$477KFlat
• QualysQLYS3,205 shares · 0.0% of their software$446KFlat
• The Trade DeskTTD7,308 shares · 0.0% of their software$436KFlat
• Lyft, Inc.LYFT28,848 shares · 0.0% of their software$379KFlat
• SPS CommerceSPSC2,418 shares · 0.0% of their software$300KFlat
• Roper Technologies, Inc.ROP761 shares · 0.0% of their software$273KFlat
• BoxBOX10,914 shares · 0.0% of their software$266KFlat
• Gen DigitalGEN12,996 shares · 0.0% of their software$261KFlat
• EVERTEC, Inc.EVTC7,920 shares · 0.0% of their software$248KFlat
• ProgressPRGS4,404 shares · 0.0% of their software$187KFlat
• A10 Networks, Inc.ATEN13,855 shares · 0.0% of their software$183KFlat
• TenableTENB4,949 shares · 0.0% of their software$172KFlat
• PDF Solutions, Inc.PDFS5,855 shares · 0.0% of their software$143KFlat
• DescartesDSGX1,974 shares · 0.0% of their software$125KFlat
• Thryv Holdings, Inc.THRY5,203 shares · 0.0% of their software$118KFlat
• ElasticESTC1,632 shares · 0.0% of their software$117KFlat
• SAPSAP1,329 shares · 0.0% of their software$107KFlat
• AppLovinAPP5,435 shares · 0.0% of their software$105KFlat
• WixWIX1,350 shares · 0.0% of their software$105KFlat
• Alarm.com Holdings, Inc.ALRM1,484 shares · 0.0% of their software$96KFlat
• ACI WorldwideACIW4,560 shares · 0.0% of their software$95KFlat
• AsanaASAN4,072 shares · 0.0% of their software$90KNew · Flat
• i3 Verticals, Inc.IIIV4,290 shares · 0.0% of their software$85KFlat
• DoceboDCBO3,111 shares · 0.0% of their software$84KFlat
• DigitalOceanDOCN2,326 shares · 0.0% of their software$84KFlat
• Five9FIVN1,089 shares · 0.0% of their software$81KFlat
• InterDigital, Inc.IDCC1,998 shares · 0.0% of their software$80KFlat
• monday.comMNDY712 shares · 0.0% of their software$80KNew · Flat
• Ooma, Inc.OOMA6,375 shares · 0.0% of their software$78KFlat
• Cognyte Software Ltd.CGNT18,437 shares · 0.0% of their software$74KFlat
• DHI Group, Inc.DHX13,930 shares · 0.0% of their software$74KFlat
• SprinklrCXM7,989 shares · 0.0% of their software$73KFlat
• Mitek Systems, Inc.MITK8,027 shares · 0.0% of their software$73KFlat
• Rapid7RPD1,715 shares · 0.0% of their software$73KFlat
• BlackLineBL1,205 shares · 0.0% of their software$72KFlat
• Sprout SocialSPT1,196 shares · 0.0% of their software$72KFlat
• GitLabGTLB1,398 shares · 0.0% of their software$71KFlat
• CommvaultCVLT1,321 shares · 0.0% of their software$70KFlat
• WEX Inc.WEX527 shares · 0.0% of their software$66KFlat
• NetScout Systems, Inc.NTCT2,012 shares · 0.0% of their software$63KFlat
• PubMaticPUBM3,790 shares · 0.0% of their software$63KFlat
• ProcorePCOR1,267 shares · 0.0% of their software$62KFlat
• EverCommerceEVCM5,398 shares · 0.0% of their software$59KFlat
• nCinoNCNO1,694 shares · 0.0% of their software$57KFlat
• DoubleVerifyDV2,063 shares · 0.0% of their software$56KNew · Flat
• RingCentralRNG1,326 shares · 0.0% of their software$52KFlat
• 8x8EGHT14,859 shares · 0.0% of their software$51KNew
• FreshworksFRSH3,787 shares · 0.0% of their software$49KNew · Flat
• HubSpotHUBS176 shares · 0.0% of their software$47KFlat
• Q2QTWO1,321 shares · 0.0% of their software$42KFlat
• Bandwidth Inc.BAND3,497 shares · 0.0% of their software$41KNew · Flat
• JFrogFROG1,868 shares · 0.0% of their software$41KFlat
• SemrushSEMR3,672 shares · 0.0% of their software$41K—
• Cerence Inc.CRNC2,513 shares · 0.0% of their software$39KFlat
• AlkamiALKT2,509 shares · 0.0% of their software$37KNew · Flat
• TwilioTWLO501 shares · 0.0% of their software$34KFlat
• Ribbon Communications Inc.RBBN14,825 shares · 0.0% of their software$32KFlat
• SentinelOneS1,248 shares · 0.0% of their software$31KNew · Flat
• TeradataTDC1,020 shares · 0.0% of their software$31KFlat
• DomoDOMO1,535 shares · 0.0% of their software$27K—
• Sabre CorporationSABR4,033 shares · 0.0% of their software$20KFlat
• ShopifySHOP728 shares · 0.0% of their software$19KFlat
• Veritone, Inc.VERI3,381 shares · 0.0% of their software$19KFlat
• NutanixNTNX515 shares · 0.0% of their software$10KFlat
• Shift4 Payments, Inc.FOUR205 shares · 0.0% of their software$9KFlat
• UnityU257 shares · 0.0% of their software$8KFlat
• Clear Secure, Inc.YOU329 shares · 0.0% of their software$7KNew · Flat
• LightspeedLSPD357 shares · 0.0% of their software$6KFlat
• OktaOKTA36 shares · 0.0% of their software$2KFlat
• BroadridgeBR9 shares · 0.0% of their software$1KFlat
• Bentley SystemsBSY45 shares · 0.0% of their software$1KFlat
• CoStarCSGP22 shares · 0.0% of their software$1KFlat
• VaronisVRNS72 shares · 0.0% of their software$1KNew · Flat