Marty Whitman
Third Avenue Management
Third Avenue Management Lazard Ltd stake
total: 405
Third Avenue Management LAZ trades
- Total transactions:
- 13
- New positions:
- 2
- Sold out:
- 2
- Added:
- 7
- Reduced:
- 2
- Held since:
- 2024 Q1
- Held for:
- 3 quarters
- Latest activity:
- 2024 Q4
According to 2026 Q2 report, Third Avenue Management doesn't hold any Lazard Ltd (LAZ) shares. To date, the estimated cost basis is nearly $41.87 for "buy" trades and estimated average "sell" price is $50.38. Third Avenue Management first purchased LAZ in 2020 Q4, initially acquiring 366,216 shares. Third Avenue Management later completely sold out the position and invested in Lazard Ltd again in 2024 Q1. Since the initial investment in Lazard Ltd (LAZ), Third Avenue Management has made 12 more transactions.
When did Third Avenue Management sell Lazard Ltd (LAZ)?
Third Avenue Management sold off the entire Lazard Ltd (LAZ) position in 2024 Q4.
When did Third Avenue Management buy Lazard Ltd (LAZ)?
Third Avenue Management first invested in Lazard Ltd (LAZ) in 2020 Q4 at the reported quarter-end price of $42.30 per share.
What's the cost basis of Third Avenue Management's LAZ stake?
The estimated cost basis for Lazard Ltd (LAZ) stake is around $41.87 per share. This represents their average reported price* across all buy transactions
Estimated cost basis*
- Weighted AVG buy price:
- $41.87
- Weighted AVG sell price:
- $50.38
Third Avenue Management's historical trades in Lazard Ltd
13 results
| Period |
% of portfolio |
Shares held after* |
Reported price* |
Value* |
% (shares) of activity |
% change to portfolio |
|---|---|---|---|---|---|---|
|
2024 Q4
|
0.00%
|
0
|
$50.38
|
|
-100% (-362,515)
|
-2.99%
|
|
2024 Q3
|
2.99%
|
362,515
|
$50.38
|
$18,263,506
|
-34.18% (-188,294)
|
-1.63%
|
|
2024 Q2
|
3.61%
|
550,809
|
$38.18
|
$21,029,888
|
+0.06% (+337)
|
+0%
|
|
2024 Q1
|
3.68%
|
550,472
|
$41.87
|
$23,048,263
|
new
|
+3.68%
|
|
2023 Q4
|
0.00%
|
0
|
$31.03
|
|
-100% (-550,206)
|
-2.86%
|
|
2023 Q2
|
2.91%
|
550,206
|
$32.00
|
$17,606,592
|
+0.41% (+2,256)
|
+0.01%
|
|
2023 Q1
|
3.10%
|
547,950
|
$33.11
|
$18,142,625
|
+20.09% (+91,664)
|
+0.52%
|
|
2022 Q4
|
2.75%
|
456,286
|
$34.67
|
$15,819,436
|
-0.97% (-4,447)
|
-0.03%
|
|
2022 Q3
|
2.89%
|
460,733
|
$31.83
|
$14,666,000
|
+15.19% (+60,754)
|
+0.38%
|
|
2022 Q2
|
2.31%
|
399,979
|
$32.41
|
$12,964,000
|
+7.93% (+29,398)
|
+0.17%
|
|
2022 Q1
|
1.74%
|
$34.50
|
+0.47% (+1,723)
|
|||
|
2021 Q1
|
2.12%
|
$43.51
|
+0.72% (+2,642)
|
|||
|
2020 Q4
|
2.17%
|
$42.30
|
new
|
|||
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
* Estimated cost basis: based on "Reported price*" (not earlier than 2013 Q2). Calculation starts from the latest "new buy" activity to the latest "close out" activity (if any).
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* New buy or own: this means there is no earlier reporting (for us or in general). So we can't know if the actual purchase of the security happened at the reported period or earlier.