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Managers ranked by total worldwide institutional assets under management
(Assets in millions, as of Dec. 31, 2023)
| # | Name | 2023 | 2022 | Percent change |
|---|---|---|---|---|
| 1 | Vanguard Group | $6,063,130 | $5,024,824 | 20.66% |
| 2 | BlackRock | $5,570,859 | $4,834,449 | 15.23% |
| 3 | State Street Global | $2,812,916 | $2,414,580 | 16.50% |
| 4 | Fidelity Investments | $2,243,157 | $1,731,599 | 29.54% |
| 5 | J.P. Morgan Asset & Wealth | $1,711,469 | $1,411,863 | 21.22% |
| 6 | Goldman Sachs Group | $1,620,791 | $1,441,249 | 12.46% |
| 7. | BNY Mellon | $1,553,800 | $1,447,404 | 7.35% |
| 8 | Legal & General Investment | $1,389,206 | $1,376,967 | 0.89% |
| 9 | Amundi | $1,226,194 | $1,119,793 | 9.50% |
| 10 | Wellington Mgmt. | $1,218,957 | $1,147,946 | 6.19% |
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Take a deeper dive into the data with the P&I Research Center
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Top managers of defined contribution assets
U.S. institutional, tax-exempt assets, in millions, as of Dec. 31, 2023.
| # | Name | 2023 | 2022 | Percent change |
|---|---|---|---|---|
| 1 | Vanguard Group | $2,196,075 | $1,783,523 | 23.13% |
| 2 | BlackRock | $1,442,168 | $1,164,308 | 23.86% |
| 3 | Fidelity Investments | $1,315,229 | $987,774 | 33.15% |
| 4 | State Street Global | $680,062 | $554,967 | 22.54% |
| 5 | T. Rowe Price Associates | $627,089 | $542,720 | 15.55% |
| 6 | Capital Group | $552,029 | $483,269 | 14.23% |
| 7 | Nuveen | $532,152 | $510,463 | 4.25% |
| 8 | J.P. Morgan Asset & Wealth | $310,906 | $245,802 | 26.49% |
| 9 | Northern Trust Asset Mgmt. | $217,817 | $183,178 | 18.91% |
| 10 | Prudential Financial | $207,363 | $201,425 | 2.95% |
Top managers of defined benefit assets
U.S. institutional, tax-exempt assets managed internally, in millions, as of Dec. 31, 2023.
| # | Name | 2023 | 2022 | Percent change |
|---|---|---|---|---|
| 1 | BlackRock | $627,834 | $549,775 | 14.20% |
| 2 | State Street Global | $410,934 | $385,473 | 6.61% |
| 3 | BNY Mellon | $261,951 | $218,128 | 20.09% |
| 4 | NISA Investment | $242,360 | $217,274 | 11.55% |
| 5 | PIMCO | $196,298 | $189,216 | 3.74% |
| 6 | Prudential Financial | $193,146 | $184,892 | 4.46% |
| 7 | J.P. Morgan Asset & Wealth | $150,671 | $136,120 | 10.69% |
| 8 | Northern Trust Asset Mgmt. | $128,858 | $118,622 | 8.63% |
| 9 | Morgan Stanley Inv. Mgmt. | $101,276 | $96,219 | 5.26% |
| 10 | Wellington Mgmt. | $100,060 | $91,250 | 9.65% |
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How P&I compiled the money manager data
Pensions & Investments surveyed the largest money managers in the world to gain data insights for the 2024 special report.