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LAZ · Lazard, Inc.
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TEAM-2.62% 13F +440META+1.00% 13F +2,694RCG+0.35% CLUSTERUTHR-0.54% 13F +425CRWV+5.68% 13F +694CRM-1.97% 13F +1,019CVNA+1.58% 13F +795TPL-1.11% 13F +444NET-1.96% 13F +711MSTR-1.39% 13F +527DELL+1.50% 13F +1,204CRWD-0.87% 13F +1,383ANET+1.22% 13F +1,324COIN-4.18% 13F +475TEAM-2.62% 13F +440META+1.00% 13F +2,694RCG+0.35% CLUSTERUTHR-0.54% 13F +425CRWV+5.68% 13F +694CRM-1.97% 13F +1,019CVNA+1.58% 13F +795TPL-1.11% 13F +444NET-1.96% 13F +711MSTR-1.39% 13F +527DELL+1.50% 13F +1,204CRWD-0.87% 13F +1,383ANET+1.22% 13F +1,324COIN-4.18% 13F +475
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LAZ

Lazard, Inc.
FINANCIAL SERVICES · INVESTMENT ADVICE · CIK 0001311370
FORM 144 · 3☆ WATCH
INSIDER NET · 180D
-$8.7M
open-market buys minus sells, Form 4 codes P and S
INSIDER BUYERS · 180D
0
CONGRESS BUYERS · 1Y
0
FUNDS ADDED · QTR
253
13F, latest reported quarter
REVENUE GROWTH
+1.5%
XBRL, annual
NET MARGIN
7.4%
CONVERSIONS · 180D
3
codes C/M, not in net · no price filed
SEVEN FACTS, RANKED AGAINST THE SECTOR · RANK IS NOT A FORECAST
INSIDERS
net -$8.7M over 180 days
-$5.4M over 90 days
below 78% of Financial Services
CONGRESS
no member of Congress has reported trading it
FUNDS
253 funds added or opened last quarter
more than 83% of Financial Services
REVENUE
+1.5% year over year
below 67% of Financial Services
MARGIN
7.4% net margin
more than 54% of Financial Services
BUYBACKS
$1.7M repurchased, FY to 2026-03-31
below 92% of Financial Services
SHORT
8.3% of shares outstanding short · 4.6 days to cover · settled 2026-07-31
more than 88% of Financial Services
THE SITUATION · EVERY LINE IS ONE RULE OVER ONE DATASET
3 insiders have filed intent to sell ($6.3M) and have not sold yet.
253 funds added or opened positions in the latest 13F quarter, of 417 holders.
The year, with the filings on it
Total return indexed to 100 over the last 12 months · every marker is a federal filing, placed at its date — hover any marker for the detail
TOTAL 12M RETURN -16.8%
-16.8%12M
-29%-19%-8%+3%2025-092025-102025-122026-032026-052026-072026-09 2026-08-25 · Orszag Peter Richard sold $5.4M2025-09-11 · Russo Evan L sold $2.8M2026-03-17 · Orszag Peter Richard sold $2.7M2025-09-16 · Orszag Peter Richard sold $1.8M2025-09-10 · Russo Evan L sold $1.4M2026-03-18 · Hogbin Christopher sold $318.3K2026-03-19 · Hogbin Christopher sold $155.3K2026-03-17 · Orszag Peter Richard sold $83.3K2025-09-10 · Gathy Michael sold $34.2K2026-09-01 · Andrew Alper filed to sell $423.2K2026-08-25 · Orszag Peter Richard filed to sell $5.4M2026-08-20 · Andrew Alper filed to sell $427.7K
INSIDER SELLFORM 144
INDEXED RETURN, DIVIDEND-ADJUSTED — NOT A PRICE CHART · LARGE TRADES DRAWN FIRST WHEN A NAME FILES HEAVILY
Live price
Daily candles from TradingView, on their licence — no filings are marked on this one
WHY THIS NAME IS ON THE DESK
Insiders have filed to sell — before selling.
The record shows a net $8.7M sold by insiders over 180 days, 253 funds added last quarter, $6.3M in planned Form 144 sales. Every figure is a federal filing, dated the day it became public.
Same sector, ranked by filing activity
Sector from the SEC's own SIC classification
Insider transactions
Form 4 purchases and sales (codes P and S) — grants, option exercises and preferred conversions excluded

Over the last 180 days, Lazard, Inc. insiders sold a net $8.7M of stock across 50 Form 4 purchases and sales, with 0 insider(s) buying. Source: SEC Form 4 filings, as of 2026-09-06.

INSIDER
FILED
SHARES
VALUE
Orszag Peter Richard
CEO & Chairman
SELL
2026-08-25
125,000.0
$5.4M
Hogbin Christopher
CEO Asset Management
SELL
2026-03-19
3,944.0
$155.3K
Hogbin Christopher
CEO Asset Management
SELL
2026-03-18
7,885.0
$318.3K
Orszag Peter Richard
CEO & Chairman
SELL
2026-03-17
67,170.0
$2.7M
Orszag Peter Richard
CEO & Chairman
SELL
2026-03-17
2,000.0
$83.3K
50 TRANSACTIONS ON RECORD

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Institutional holders
13F · holdings as of the latest quarter funds have reported
FMR LLC
11,153,716.0 sh
$467.8M
BlackRock, Inc.
9,038,924.0 sh
$379.1M
VANGUARD PORTFOLIO MANAGEMENT LLC
6,136,015.0 sh
$257.3M
ARIEL INVESTMENTS, LLC
5,755,404.0 sh
$241.4M
VANGUARD CAPITAL MANAGEMENT LLC
5,021,304.0 sh
$210.6M
SCHEDULE 13D/G
No 5%+ ownership filings
Nobody has crossed 5% with a filing obligation. Absence is a fact here, not missing data.
Planned sales · Form 144
Filed before the sale — intent, not a trade
Andrew Alper
FILED 2026-09-01
$423.2K
Orszag Peter Richard
FILED 2026-08-25
$5.4M
Andrew Alper
FILED 2026-08-20
$427.7K
Fund concentration
N-PORT · funds ranked by how much of THEMSELVES they put in this stock — the conviction number 13F cannot show
JNL Growth ETF Allocation Fund
$24.5M POSITION · AS OF 2026-03-31
6.0%
JNL Moderate Growth ETF Allocation Fund
$15.8M POSITION · AS OF 2026-03-31
4.5%
Ariel Fund
$92.2M POSITION · AS OF 2026-03-31
3.6%
JNL Moderate ETF Allocation Fund
$7.7M POSITION · AS OF 2026-03-31
3.4%
ICON EQUITY FUND
$1.3M POSITION · AS OF 2026-03-31
2.8%
Ariel Appreciation Fund
$23.0M POSITION · AS OF 2026-03-31
2.6%
SEC N-PORT, MONTHLY WITH A ~60-DAY PUBLIC LAG · FUNDS ≥ $10M · % = SHARE OF THE FUND'S OWN BOOK
Fundamentals
Annual figures from XBRL filings · pick a past date to see them exactly as the market knew them then — restatements and all
2025-122024-122023-122022-12
REVENUE$3.2B$3.1B$2.6B$2.9B
OPERATING INCOME$327.6M$386.5M$-80.0M$516.8M
NET INCOME$237.0M$280.0M$-75.0M$358.0M
EPS (DILUTED)2.172.68-0.903.51
OPERATING CASH FLOW$519.3M$742.8M$164.7M$834.0M
CASH$1.5B$1.3B$971.3M$1.2B
LONG-TERM DEBT$1.7B$1.7B$1.7B$1.7B
BUYBACKS$91.0M$59.5M$102.1M$691.7M
DIVIDENDS PAID$186.6M$179.0M$173.1M$181.9M
SEC XBRL · FISCAL-YEAR PERIODS · AS KNOWN ON 2026-09-06 · NOBODY ELSE SHOWS FUNDAMENTALS AS OF A PAST DATE
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Public filings, honestly analyzed. Official US government sources in one desk — every figure carries the date it was filed, and the methodology is published, backtest included.

SEC FORM 4FORM 13F 13D/GFORM 144XBRL STOCK ACTCONTRACTSFEC CFPBNRC
© 2026 WAVEMAN · SOURCE: SEC EDGAR & OFFICIAL GOVERNMENT DATA · NOT INVESTMENT ADVICE · CHART BY TRADINGVIEW · UPDATED 2026-09-06 ALL SYSTEMS LIVE FOR MACHINES →