LAZARD INC

CUSIP: 52110m109 Class: COM

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

Institution	Shares	Value ($000)
Lesa Sroufe & Co	52,834	$3
Ancora Advisors LLC	400	$19
Total (2 institutions)	53,234	$22