Ranked by assets reported on SEC ADV filings, in millions, as of Dec. 31, 2015.
ADV Part 5
ADV Part 2A
Regulatory assets
Discretionary assets
Rank
Manager
Total
Discretionary
Total*
Net
1
Lansdowne Partners (UK)1
$35,826
$35,826
$19,645
$19,645
2
Discovery Capital Mgmt.
$25,503
$25,503
$25,503
3
Third Point 3
$22,582
$22,582
$16,000
$16,000
4
Appaloosa4
$21,245
$21,245
$18,659
$18,659
5
Coatue Management
$18,381
$18,381
$10,278
$10,278
6
Paulson & Co.4
$19,421
$19,421
$19,421
7
Brigade Capital Mgmt.
$18,230
$18,230
$18,230
8
ValueAct Capital Mgmt. 3
$17,474
$17,474
$17,474
9
Maverick Capital
$15,191
$15,191
$15,191
10
Gotham Asset Mgmt.
$14,973
$14,973
$14,973
11
Cheyne Capital Mgmt. (UK)
$14,815
$14,815
$14,815
12
Pershing Square Capital Mgmt. 5
$14,760
$14,760
$14,760
13
Trian Fund Mgmt.
$13,843
$13,843
$12,496
$12,496
14
OxFORD Asset Mgmt. 2
$12,800
$12,800
$4,500
$4,500
15
Odey Asset Mgmt. 6
$11,988
$11,988
$11,988
16
Baker Brothers Investments7
$11,540
$11,540
$11,540
17
Scopia Capital Mgmt.
$11,161
$11,161
$11,161
18
Caxton Associates
$11,062
$11,062
$11,062
19
Polar Capital2
$10,861
$10,861
$10,430
$10,430
20
Convexity Capital Mgmt.
$10,547
$10,547
$8,200
$8,200
21
Varde Management
$10,174
$10,174
$10,174
22
Halcyon Capital Mgmt.4
$9,856
$9,695
$9,695
23
Omega Advisors
$9,674
$9,674
$6,691
$6,691
24
Black Diamond Capital Mgmt.
$8,931
$8,931
$8,931
25
Laurion Capital Mgmt.
$8,774
$8,774
$3,375
$3,375
26
MSD Partners
$7,483
$7,483
$7,483
27
Mason Capital Mgmt.
$6,966
$6,966
$6,966
28
Whitebox Advisors7
$6,681
$6,681
$6,681
29
Indus Capital Partners8
$6,433
$6,433
$6,433
30
Partner Fund Mgmt.
$6,107
$6,107
$6,107
31
Bain Capital Public Equity
$5,955
$5,955
$4,394
$4,394
32
QVT Financial
$4,864
$4,864
$3,115
$3,115
33
Emerging Sovereign Group9
$4,706
$4,706
$4,706
34
Starboard Value
$4,662
$4,662
$4,662
35
Premium Point Investments
$4,469
$4,469
$4,469
36
Hoplite Capital Mgmt.
$4,433
$4,433
$2,973
$2,973
37
Prologue Capital
$3,842
$3,842
$1,017
$1,017
38
P. Schoenfeld Asset Mgmt.
$3,249
$3,249
$2,300
$2,300
39
Marcato Capital Mgmt.
$2,624
$2,624
$2,624
40
Astenbeck Capital Mgmt.
$2,447
$2,447
$1,274
$1,274
41
Tremblant Capital Group
$2,432
$2,432
$2,432
42
New Mountain Vantage Advisers
$2,431
$2,431
$2,431
43
Columbus Hill Capital Mgmt. 4
$2,128
$2,128
$1,777
$1,777
44
Teragon Financial Mgmt.
$1,939
$1,939
$1,939
45
Providence Investment Mgmt. 3
$1,624
$1,624
$897
$897
46
Serengeti Asset Mgmt.3
$1,540
$1,540
$1,540
47
White Elm Capital
$1,478
$1,478
$1,015
$1,015
48
Atlantic Investment Mgmt.3
$1,302
$1,302
$1,302
$1,302
49
Mast Capital Mgmt.
$1,097
$1,097
$1,097
50
Tide Point Capital Mgmt.
$1,053
$1,053
$1,053
*Regulatory discretionary assets
Notes:1 Data are as of April 30, 2016.
2 Data are as of March 31, 2016.
3 Data are as of Feb. 29, 2016.
4 Data are as of Jan. 1, 2016.
5 Data are as of March 1, 2016.
6 Data are as of April 5, 2016.
7 Data are as of Jan. 31, 2016.
8 Data are as of June 30, 2016.
9 Data are as of July 31, 2016.
Source: SEC ADV Investment Advisor Disclosure filings. ADV Part 5 provides information about the money manager, including regulatory assets, which may include leverage on hedge funds assets and non-hedge fund strategies. ADV Part 2A includes more detailed information about the firm, its strategies, fees, legal structure and assets under management. Managers are permitted to provide regulatory assets or assets under management, not including leverage in its "brochure" in Part 2A. Managers are not required to provide net assets under management.
