Lazard US Equity Concentrated Portfolio Open Shares
LEVOX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 30 Rockefeller Plaza New York NY United States of America 10112
- IPO Date
- Oct 3, 2005
- CIK
- 0000874964
- Website
- lazardassetmanagement.com
- Similar Companies
- Business
- Lazard US Equity Concentrated Portfolio Open Shares (LEVOX) is an open-end investment company managed by Lazard Asset Management LLC that seeks long-term capital appreciation by investing primarily in equity securities, principally common stocks, of U.S. companies of any market capitalization. The portfolio maintains a concentrated strategy, typically holding 15 to 35 companies with market capitalizations generally greater than $350 million, emphasizing a high-conviction selection of large-cap growth and blend stocks across sectors such as technology (40.28%), consumer cyclical (20.79%), and communication services (13.82%); top holdings include Marvell Technology Inc. (11.76%), DigitalOcean Holdings Inc. (9.25%), Amazon.com Inc. (9.14%), Microsoft Corp. (7.13%), and Floor & Decor Holdings Inc. (6.84%), representing 44.12% of assets. It offers daily pricing with a net expense ratio of 1.05%, minimum initial investment of $2,500, and is available for sale in the United States. Launched on September 30, 2005, and domiciled in the United States, the fund operates within the large blend Morningstar category with total net assets of approximately $39.96 million. Lazard Asset Management LLC, the fund's investment manager and a subsidiary of Lazard founded in 1848 with global headquarters in New York, oversees the strategy from its U.S. operations. Recent management changes include the appointment of Sean Gallagher as co-portfolio manager effective April 9, 2024, alongside longstanding manager Martin Flood who joined on March 31, 2011; this transition reflects ongoing team enhancements within Lazard's US Equity team. The portfolio continues to exhibit active turnover of 146% and a focus on U.S. equities (99.86% allocation), with no reported acquisitions, partnerships, funding rounds, or major strategic shifts specific to LEVOX in 2024-2025. Lazard Asset Management maintains its broader asset management services across North America, Europe, Asia, and other regions.