Vanguard Portfolio Management LLC Acquires 5.28% Stake in Lazard Inc (LAZ)

On May 1, 2026, Vanguard Portfolio Management LLC filed a Schedule 13G with the SEC, disclosing a new 5.28% ownership stake in Lazard Inc (LAZ). As of the event date on March 31, 2026, the firm reported beneficial ownership of 4,967,500 shares of Common Stock. This position represents a significant increase from a previous holding of zero shares, crossing the 5% regulatory reporting threshold. The filing indicates that Vanguard Portfolio Management LLC holds sole dispositive power over all 4,967,500 shares, while maintaining sole voting power over 13,774 shares. The securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. The reported holdings include securities managed by various Vanguard affiliates, including Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC. No other single person's interest in these securities exceeds 5% of the total class.