Vanguard Capital Management Acquires 6.18% Stake in Lazard Inc (LAZ)

On May 1, 2026, Vanguard Capital Management LLC filed a Schedule 13G with the SEC, reporting a new ownership stake in Lazard Inc (LAZ). As of the event date on March 31, 2026, Vanguard disclosed the beneficial ownership of 5,807,861 shares of common stock, representing a 6.18% interest in the company. The filing indicates that Vanguard holds sole dispositive power over all 5,807,861 shares, while maintaining sole voting power over 844,772 shares. This position includes holdings by various Vanguard affiliates and business divisions, such as Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. The filing was made under Rule 13d-1(b), certifying that the securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. This filing marks an increase from a previous position of zero, establishing Vanguard as a significant institutional shareholder in the financial advisory and asset management firm.