On the other hand, Algebris Investments cut its position in Lazard Ltd (NYSE:LAZ) by 64% to 82,492 shares worth $2.99 million durign the third quarter. The stake was cut as the stock gained 23.5% between July and September. During the second quarter, the number of funds followed by us holding shares of Lazard Ltd (NYSE:LAZ) went up to 18 from 16. Among the investors in our database, Ariel Investments held the most valuable stake in Lazard Ltd (NYSE:LAZ), which was worth $194.7 million at the end of the second quarter. On the second spot was Fisher Asset Management which amassed $57.8 million worth of shares. Moreover, Royce & Associates, Two Sigma Advisors, and Polar Capital were also bullish on Lazard Ltd (NYSE:LAZ).
Carlyle Group LP (NASDAQ:CG) is another company that saw Algebris Investments cut its exposure during the third quarter, as the stock inched down by 0.2%. In its latest 13F, the fund reported a $4.69 million position containing 301,381 shares, down by 24% over the quarter. The company was included in the equity portfolios of 10 funds tracked by us at the end of June and the largest stake was held by Okumus Fund Management, which amassed $81.1 million worth of stock at the end of June. The second most bullish fund manager was Hawkins Capital, which held a $11.1 million position. Other peers with similar optimism included Markel Gayner Asset Management and Royce & Associates.