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  1. Home
  2. Special Report: Megamanagers
October 21, 2024 06:01 AM

The P&I/Thinking Ahead Institute World 500

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    Ranked by total assets under management, in U.S. millions, as of Dec. 31, 2023, unless otherwise noted.
    RankManagerMarketTotal assets
    1BlackRockU.S.$10,008,995
    2Vanguard GroupU.S.$8,593,307
    3Fidelity InvestmentsU.S.$4,581,980
    4State Street GlobalU.S.$4,127,817
    5J.P. Morgan ChaseU.S.$3,422,000
    6Goldman Sachs GroupU.S.$2,812,000
    7UBSSwitzerland$2,620,000
    8Capital GroupU.S.$2,532,813
    9Allianz GroupGermany$2,454,495
    10AmundiFrance$2,250,226
    11BNY InvestmentsU.S.$1,974,322
    12InvescoU.S.$1,585,344
    13Legal & General GroupU.K.$1,475,442
    14Franklin TempletonU.S.$1,455,506
    15Prudential FinancialU.S.$1,449,673
    16T. Rowe Price GroupU.S.$1,444,500
    17Northern TrustU.S.$1,434,500
    18Morgan Stanley Investment ManagementU.S.$1,373,456
    19BNP ParibasFrance$1,364,099
    20Natixis Investment ManagersFrance$1,288,581
    21Wellington ManagementU.S.$1,219,910
    22NuveenU.S.$1,187,693
    23Geode Capital ManagementU.S.$1,154,904
    24Ameriprise FinancialU.S.$1,081,100
    25Charles Schwab InvestmentU.S.$1,068,923
    26Sun Life FinancialCanada$1,055,778
    27AXA GroupFrance$1,043,497
    28BlackstoneU.S.$1,040,192
    29Power FinancialCanada$996,483
    30Deutsche BankGermany$990,366
    31Brookfield Asset ManagementCanada$916,000
    32Aegon GroupNetherlands$911,338
    33ManulifeCanada$910,273
    34Sumitomo Mitsui Trust HoldingsJapan$905,393
    35SchrodersU.K.$818,875
    36Fidelity International1U.K.$816,900
    37Royal Bank of Canada2Canada$805,258
    38Mitsubishi UFJ Financial GroupJapan$788,261
    39Postal Savings Bank of ChinaChina$759,919
    40Federated HermesU.S.$757,622
    41AllianceBernsteinU.S.$725,200
    42HSBC HoldingsU.K.$711,091
    43Principal FinancialU.S.$694,500
    44New York Life InvestmentsU.S.$686,900
    45Dimensional Fund AdvisorsU.S.$677,141
    46Affiliated Managers GroupU.S.$672,700
    47Macquarie GroupAustralia$601,857
    48MetLife Investment ManagementU.S.$600,800
    49Nippon Life Insurance3Japan$594,127
    50Generali GroupItaly$569,478
    51Ping An BankChina$568,598
    52KKRU.S.$552,801
    53Nomura Asset ManagementJapan$529,430
    54Allspring Global InvestmentsU.S.$516,909
    55Union InvestmentGermany$502,324
    56MassMutualU.S.$500,000
    57Intesa SanpaoloItaly$490,050
    58abrdnU.K.$467,479
    59Credit SuisseSwitzerland$463,665
    60Neuberger BermanU.S.$463,418
    61Voya FinancialU.S.$462,079
    62Dai-ichi Life HoldingsJapan$461,161
    63Asset Management OneJapan$460,312
    64U.S. BancorpU.S.$454,000
    65LBBWGermany$423,921
    66E Fund ManagementChina$423,150
    67MercerU.S.$419,605
    68Ares ManagementU.S.$418,847
    69NordeaFinland$417,728
    70M&G InvestmentsU.K.$399,706
    71Zenkyoren3Japan$392,623
    72MEAGGermany$375,238
    73Agricultural Bank of ChinaChina$373,783
    74Dodge & CoxU.S.$362,993
    75SEI InvestmentsU.S.$342,678
    76TD Global Investment Solutions2Canada$338,507
    77Janus Henderson GroupU.K.$334,953
    78Banco do Brasil4Brazil$334,141
    79Shinkin Central Bank3Japan$317,157
    80Jackson FinancialU.S.$315,838
    81Meiji Yasuda Life Insurance3Japan$309,633
    82Societe GeneraleFrance$307,916
    83Swiss Life Asset ManagersSwitzerland$303,821
    84Russell InvestmentsU.S.$297,581
    85Zurcher KantonalbankSwitzerland$292,552
    86AvivaU.K.$289,594
    87Baillie GiffordU.K.$287,781
    88NISA InvestmentU.S.$287,722
    89PrudentialU.K.$279,400
    90Pictet Asset ManagementSwitzerland$273,490
    91China Asset ManagementChina$266,926
    92Dekabank GroupGermany$259,747
    93Zurich Financial ServicesSwitzerland$259,476
    94Sumitomo Life InsuranceJapan$257,833
    95BMO Wealth Management2Canada$251,155
    96LazardU.S.$246,651
    97ICBC Credit Suisse Asset ManagementChina$242,606
    98Samsung Group5South Korea$240,835
    99Banco SantanderSpain$239,490
    100Scotiabank2Canada$238,827
    101Fisher InvestmentsU.S.$236,699
    102SEBSweden$233,999
    103Guggenheim InvestmentsU.S.$231,421
    104American CenturyU.S.$229,834
    105CIBC Asset Management2Canada$226,466
    106Harvest Fund ManagementChina$221,449
    107China Merchants FundChina$218,628
    108Raymond JamesU.S.$215,000
    109Itau Unibanco4Brazil$214,587
    110ConningU.S.$214,136
    111St. James’s PlaceU.K.$214,124
    112Robert W. BairdU.S.$211,547
    113Anima HoldingItaly$211,304
    114AchmeaNetherlands$209,692
    115TCW GroupU.S.$209,631
    116KBC GroupBelgium$209,029
    117Bosera Asset ManagementChina$206,892
    118Royal London GroupU.K.$206,613
    119CVC Capital PartnersLuxembourg$205,277
    120MesirowU.S.$204,802
    121Resona Holdings3Japan$204,719
    122OFI AMFrance$199,980
    123SwedbankSweden$199,707
    124Robeco GroupNetherlands$199,453
    125CITIC SecuritiesChina$195,842
    126PNC FinancialU.S.$188,539
    127CaixabankSpain$184,315
    128Landesbank Hessen-ThuringenGermany$182,101
    129CCB Principal Asset ManagementChina$180,544
    130Danske BankDenmark$179,332
    131China Southern Asset ManagementChina$177,000
    132Virtus Investment PartnersU.S.$172,259
    133GF SecuritiesChina$172,220
    134EFG InternationalSwitzerland$168,982
    135Pacific Century Group1Hong Kong$168,200
    136Man GroupU.K.$167,485
    137Union Bancaire PriveeSwitzerland$166,779
    138Victory CapitalU.S.$166,611
    139WTWIreland$162,929
    140BBVASpain$162,725
    141Mn ServicesNetherlands$162,235
    142Tianhong Asset Management1China$159,546
    143Ninety OneSouth Africa$158,110
    144Penghua Fund ManagementChina$155,888
    145Payden & RygelU.S.$151,000
    146Artisan PartnersU.S.$150,167
    147China Universal Asset ManagementChina$150,000
    148Talanx GroupGermany$149,422
    149StepStone GroupU.S.$148,956
    150CBRE Investment ManagementU.S.$147,500
    151Partners GroupSwitzerland$146,900
    152IFM Investors6Australia$146,318
    153Vontobel Asset ManagementSwitzerland$145,526
    154Credit MutuelFrance$142,921
    155F Van LanschotNetherlands$140,824
    156Sumitomo Mitsui Financial GroupJapan$139,048
    157Banco BradescoBrazil$135,812
    158PRIMECAPU.S.$134,477
    159BCVSwitzerland$134,174
    160Caixa Economica Federal 4Brazil$132,233
    161Yinhua Fund Management4China$131,177
    162BTG Pactual4Brazil$128,675
    163Fullgoal Fund ManagementChina$125,535
    164Intermediate Capital Group1U.K.$125,266
    165Hightower AdvisorsU.S.$122,851
    166Fiera CapitalCanada$121,977
    167ASRNetherlands$119,615
    168RothschildFrance$119,193
    169Storebrand GroupNorway$119,002
    170Mirae Asset Financial Group5South Korea$118,589
    171AonU.K.$118,461
    172Bayerischen LandesbankGermany$116,548
    173Starwood CapitalU.S.$114,575
    174OP Financial GroupFinland$113,503
    175IDUNA GruppeGermany$113,390
    176Groupama Asset Management6France$113,013
    177Swiss ReSwitzerland$111,300
    178RhumbLine AdvisersU.S.$107,611
    179State Bank of IndiaIndia$105,284
    180BrightSphereU.S.$103,700
    181LGT Capital PartnersSwitzerland$103,123
    182KB Asset Management5South Korea$101,837
    183Svenska HandelsbankenSweden$101,390
    184Record Currency ManagementU.K.$99,246
    185AQR Capital ManagementU.S.$98,840
    186Colliers International GroupCanada$98,000
    187Income Research & ManagementU.S.$96,990
    188LSV Asset ManagementU.S.$96,001
    189CI FinancialCanada$94,293
    190HinesU.S.$93,211
    191Covea GroupFrance$92,485
    192National Bank of Canada2Canada$91,168
    193AMP CapitalAustralia$91,058
    194Sompo HoldingsJapan$90,752
    195Aristotle1U.S.$90,000
    196Connor, Clark & Lunn FinancialCanada$89,845
    197Pathway CapitalU.S.$88,521
    198Erste-Sparinvest Kapitalanlage4Austria$88,280
    199PrologisU.S.$88,216
    200Securian Financial7U.S.$88,200
    201Alan Biller and AssociatesU.S.$84,675
    202Industrial Alliance InsuranceCanada$83,381
    203Shinhan BNPParibas5South Korea$83,258
    204Cohen & SteersU.S.$83,136
    205New England Asset ManagementU.S.$82,992
    206Bank of China Investment ManagementChina$81,077
    207Zhong Ou Asset ManagementChina$80,000
    208Fort WashingtonU.S.$79,845
    209ChallengerAustralia$79,692
    210Wilmington TrustU.S.$78,735
    211Flossbach Von StorchGermany$77,255
    212Metzler Asset ManagementGermany$77,255
    213GCM GrosvenorU.S.$76,908
    214ICICI Prudential Mutual FundIndia$76,797
    215Guotai JunanChina$76,603
    216GAM HoldingSwitzerland$75,792
    217La PosteFrance$75,048
    218Resolute InvestmentU.S.$74,900
    219KLP GroupNorway$74,730
    220Lombard Odier InvestmentSwitzerland$73,874
    221Raiffeisen ZentralbankAustria$73,023
    222Haitong SecuritiesChina$72,909
    223Old Mutual Investment GroupSouth Africa$72,673
    224Hanwha Group5South Korea$72,414
    225SanlamSouth Africa$70,218
    226QIC6Australia$69,961
    227Tokio Marine HoldingsJapan$69,600
    228HDFC Asset ManagementIndia$68,930
    229Baloise Asset ManagementSwitzerland$68,783
    230Bank of Communications Schroder Fund ManagementChina$68,720
    231Versicherungskammer BayernGermany$68,688
    232Banco BPMItaly$68,429
    233MediolanumItaly$68,425
    234Pinnacle InvestmentAustralia$68,105
    235Mawer Investment ManagementCanada$68,000
    236Nykredit Asset ManagementDenmark$67,470
    237William BlairU.S.$67,090
    238Gruppo AzimutItaly$66,770
    239Sterling CapitalU.S.$66,746
    240Jupiter Asset ManagementU.K.$66,520
    241Quintet Private BankLuxembourg$66,439
    242Polen CapitalU.S.$66,354
    243CardanoU.K.$66,198
    244Chevy Chase HoldingsU.S.$65,733
    245Huatai-PineBridge Investment8China$65,000
    246PerpetualAustralia$64,969
    247OddoFrance$64,011
    248Rabobank GroupNetherlands$63,570
    249Patrizia ImmobilienGermany$63,239
    250MapfreSpain$62,872
    251Monte dei Paschi di SienaItaly$62,783
    252Desjardins GroupCanada$61,517
    253Pzena InvestmentU.S.$61,092
    254Grantham, Mayo v. OtterlooU.S.$59,857
    255Universal-InvestmentGermany$59,597
    256DNBNorway$58,429
    257Adams Street PartnersU.S.$58,242
    258FolksamSweden$57,664
    259Everbright SecuritiesChina$56,447
    260MLC Asset Management6Australia$55,193
    261PAGHong Kong$55,000
    262Ashmore GroupU.K.$54,000
    263Goodman GroupAustralia$53,763
    264GoldenTree Asset ManagementU.S.$53,413
    265J. Safra Sarasin GroupSwitzerland$53,188
    266Charter HallAustralia$52,281
    267Bank Degroof PetercamBelgium$51,944
    268Fukoku Mutual Life InsuranceJapan$51,533
    269HeitmanU.S.$50,449
    270FortisCanada$49,786
    271La FrancaiseFrance$49,664
    272HuaAn FundsChina$49,368
    273Breckinridge CapitalU.S.$47,857
    274Tikehau CapitalFrance$47,677
    275Impax Asset Management7U.K.$46,756
    276Yuanta Securities InvestmentTaiwan$46,635
    277Generation Investment Management1U.K.$46,200
    278Causeway CapitalU.S.$45,465
    279Mondrian Investment PartnersU.K.$45,344
    280Shinsei Bank6Japan$45,059
    281HUK CoburgGermany$43,807
    282Silchester International1U.K.$43,300
    283Caitong Fund Management6China$42,315
    284Kotak Mahindra Asset ManagementIndia$42,156
    285Thornburg InvestmentU.S.$41,808
    286Berenberg GroupGermany$41,607
    287DexusAustralia$41,514
    288Guardian CapitalCanada$41,258
    289Commerce TrustU.S.$41,211
    290KutxabankSpain$40,765
    291Marathon-London1U.K.$40,698
    292Mitsubishi Estate GroupJapan$40,413
    293NatWestU.K.$40,355
    294ProvidenceU.S.$40,260
    295Carnegie InvestmentSweden$39,010
    296Wiener Städtische VersicherungAustria$38,946
    297SDIC UBS Fund Management4China$38,831
    298Arca SGRItaly$38,627
    299iM Global PartnerFrance$38,422
    300Kiwoom AMC5South Korea$38,347
    301Aditya Birla Sun Life MutualIndia$38,117
    302Asahi Mutual Life InsuranceJapan$37,682
    303Bank of NanjingChina$36,949
    304NurnbergerGermany$36,917
    305Liontrust Asset Management3U.K.$36,359
    306Orbis InvestmentsBermuda$36,331
    307IbercajaSpain$36,330
    308NN Investment PartnersNetherlands$36,089
    309Beutel, GoodmanCanada$35,879
    310Mirabaud GroupSwitzerland$35,877
    311Edmond de Rothschild GroupSwitzerland$35,862
    312Chandler Asset ManagementU.S.$35,804
    313Calamos AdvisorsU.S.$35,454
    314Gothaer VersicherungsgruppeGermany$35,405
    315Gruppo Credito EmilianoItaly$35,001
    316EQTSweden$34,986
    317Korea ITMC5South Korea$34,823
    318MMI HoldingsSouth Africa$34,687
    319Los Angeles CapitalU.S.$34,581
    320SECOR Asset ManagementU.S.$34,424
    321Coronation Fund ManagersSouth Africa$34,331
    322CallanU.S.$34,233
    323Hayfin Capital Management6U.K.$34,213
    324UTI Mutual FundIndia$34,180
    325Sarofim GroupU.S.$34,000
    326Alte Leipziger GroupGermany$33,614
    327Mitsui Fudosan InvestmentJapan$33,323
    328Stockbridge Capital GroupU.S.$33,149
    329CarmignacFrance$33,109
    330MissionSquare InvestmentsU.S.$32,975
    331Hungkuk ITMC5South Korea$32,417
    332AGF ManagementCanada$32,299
    333ComgestFrance$32,296
    334Laboral KutxaSpain$32,232
    335Canso Investment CounselCanada$32,091
    336XP Asset Management4Brazil$31,960
    337Axis Mutual FundIndia$31,873
    338Kyobo Life Insurance5South Korea$31,657
    339EARNEST PartnersU.S.$31,650
    340Hotchkis & WileyU.S.$31,214
    341GAMCO InvestorsU.S.$31,085
    342DMFCONetherlands$30,902
    343LFPIFrance$30,902
    344Standard Bank GroupSouth Africa$30,862
    345CIM GroupU.S.$30,677
    346Shenkman GroupU.S.$30,542
    347QBEAustralia$30,064
    348Safra Asset Management4Brazil$29,669
    349Gruppo Bancario IccreaItaly$29,357
    350Ruffer9U.K.$29,152
    351Cathay SecuritiesTaiwan$28,169
    352Intact FinancialCanada$27,973
    353Co-operators GroupCanada$27,911
    354Alexander Forbes7South Africa$27,726
    355Blue Sky GroupNetherlands$27,591
    356Bank SyzSwitzerland$27,442
    357Diamond Hill CapitalU.S.$27,418
    358Knights of Columbus AssetU.S.$27,243
    359Capula Investment Management6U.K.$26,900
    360Bantleon Bank4Switzerland$26,487
    361Eagle CapitalU.S.$26,458
    362Luther King CapitalU.S.$26,292
    363Woori Asset Management5South Korea$26,265
    364Colchester Global InvestorsU.K.$26,110
    365Navigator Global InvestmentsAustralia$26,100
    366Regions FinancialU.S.$25,875
    367NFU MutualU.K.$25,715
    368Triodos BankNetherlands$25,651
    369Opportunity4Brazil$25,463
    370BankinterSpain$25,410
    371SCORFrance$25,289
    372Polar Capital HoldingsU.K.$24,900
    373Lion Fund ManagementChina$24,684
    374Sage Advisory ServicesU.S.$24,630
    375First Pacific AdvisorsU.S.$24,602
    376Canyon PartnersU.S.$24,542
    377Magellan Asset ManagementAustralia$24,355
    378Rockpoint GroupU.S.$24,260
    379King Street CapitalU.S.$24,200
    380Changjiang Asset ManagementChina$24,081
    381Ziraat PortfoyTurkey$24,069
    382Minsheng Royal FundChina$24,003
    383Zheshang Fund ManagementChina$23,979
    384Stonehage FlemingU.K.$23,955
    385Madison InvestmentsU.S.$23,887
    386ANZ Banking Group7Australia$23,510
    387Lendlease Investment ManagementAustralia$22,935
    388RWC Asset ManagementU.K.$22,787
    389PCCPU.S.$22,693
    390Uniqa Finanz GroupAustria$22,550
    391Close Brothers Group9U.K.$22,501
    392PSG Konsult10South Africa$22,222
    393GPT GroupAustralia$22,190
    394Alger AssociatesU.S.$22,128
    395Morrison7Australia$22,000
    396Silvercrest Asset ManagementU.S.$21,885
    397Capital Investment TrustTaiwan$21,818
    398Brandes InvestmentU.S.$21,705
    399BankInvestDenmark$21,703
    400Callodine GroupU.S.$21,272
    401CliffwaterU.S.$20,905
    402MediobancaItaly$20,859
    403Lindsell TrainU.K.$20,545
    404Rongtong Fund ManagementChina$20,466
    405Fuller & ThalerU.S.$20,397
    406Allan Gray ProprietarySouth Africa$20,328
    407Garcia HamiltonU.S.$20,237
    408Jacobs Levy EquityU.S.$20,083
    409Axiom InvestorsU.S.$19,916
    410CornerStone PartnersU.S.$19,914
    411Cantillon Capital ManagementU.S.$19,902
    412ACORE CapitalU.S.$19,778
    413Davis AdvisorsU.S.$19,681
    414IBK AMC5South Korea$19,537
    415Baoying FundChina$19,440
    416Burgundy Asset Management6Canada$19,359
    417EdgePoint Investment GroupCanada$19,277
    418Leith Wheeler InvestmentCanada$18,859
    419IGIS Asset Management5South Korea$18,749
    420Johnson Investment CounselU.S.$18,383
    421Crestline InvestorsU.S.$18,205
    422Adrian Lee & PartnersU.K.$18,000
    423Alphinity InvestmentAustralia$17,994
    424UnigestionSwitzerland$17,944
    425First Seafront Fund ManagementChina$17,829
    426Ardea Investment ManagementAustralia$17,694
    427Belle Haven InvestmentsU.S.$17,570
    428Westfield CapitalU.S.$17,557
    429Fubon GroupTaiwan$17,484
    430Caixa Geral de DepositosPortugal$17,453
    431Champlain InvestmentU.S.$17,315
    432Sprucegrove InvestmentCanada$17,279
    433Poste ItalianeItaly$17,262
    434CCLA Investment Management3U.K.$17,256
    435VP BankSwitzerland$17,139
    436Longfellow InvestmentU.S.$17,001
    437DSP Mutual FundIndia$16,773
    438Chuangjin Hexin Fund ManagementChina$16,771
    439TATA Financial ServicesIndia$16,663
    440Reichmuth10Switzerland$16,632
    441Angel Oak CapitalU.S.$16,437
    442Troy Asset ManagementU.K.$16,297
    443Chinatrust Financial HoldingTaiwan$16,226
    444Zacks InvestmentU.S.$16,037
    445Independent FranchiseU.K.$16,000
    446Boston Trust WaldenU.S.$15,723
    447Sit InvestmentU.S.$15,618
    448London Co.U.S.$15,615
    449Beach Point CapitalU.S.$15,607
    450Bandhan Mutual FundIndia$15,539
    451Systematica InvestmentsJersey$15,500
    452Lupus Alpha Asset ManagementGermany$15,451
    453Letko Brosseau7Canada$15,400
    454SWS MU Fund ManagementChina$15,326
    455QuaestioItaly$15,246
    456Driehaus CapitalU.S.$15,149
    457Fiduciary Management/MilwaukeeU.S.$14,937
    458Ariel InvestmentsU.S.$14,869
    459Fuh Hwa SecuritiesTaiwan$14,806
    460Hildene CapitalU.S.$14,763
    461Beacon CapitalU.S.$14,596
    462Yousif CapitalU.S.$14,558
    463Walton Street CapitalU.S.$14,553
    464China Galaxy SecuritiesChina$14,537
    465Hyundai Investment AMC5South Korea$14,492
    466Edelweiss Asset ManagementIndia$14,427
    467KGALGermany$14,294
    468UNICAJASpain$14,283
    469Vinci Partners5Brazil$14,215
    470BOCI-PrudentialHong Kong$14,172
    471AffinityHong Kong$14,000
    472Capital DynamicsSwitzerland$14,000
    473ARGA InvestmentU.S.$13,625
    474Yarra Capital Management6Australia$13,611
    475Renta 4Spain$13,495
    476Jensen InvestmentU.S.$13,438
    477CenterSquare InvestmentU.S.$13,338
    478Cantor FitzgeraldU.S.$13,000
    479SparebankNorway$12,962
    480DRA AdvisorsU.S.$12,900
    481Intercontinental Real EstateU.S.$12,862
    482Ak Asset ManagementTurkey$12,700
    483Montrusco BoltonCanada$12,687
    484Grupo Novo BancoPortugal$12,659
    485Waterfall Asset ManagementU.S.$12,640
    486T&D Asset ManagementJapan$12,317
    487Is Portfoy YonetimiTurkey$12,284
    488Westbrook PartnersU.S.$12,189
    489Congress Asset ManagementU.S.$12,147
    490Glenmede InvestmentU.S.$11,990
    491Riverbridge PartnersU.S.$11,934
    492FirstRand GroupSouth Africa$11,837
    493Cooke & BielerU.S.$11,835
    494Gruppo Banca Sella6Italy$11,816
    495Polaris CapitalU.S.$11,775
    496American Realty AdvisorsU.S.$11,758
    497SPARX GroupJapan$11,752
    498Daol Financial Group5South Korea$11,569
    499CapitalatWork Foyer GroupLuxembourg$11,473
    500TISCO Asset ManagementThailand$11,387
    Total$127,914,168
    Notes: 1 As of March 31, 2024. 2 As of Oct. 31, 2023. 3 As of March 31, 2023. 4 As of April 30, 2024. 5 As of Dec. 29, 2023. 6 As of June 30, 2023. 7 As of Sept. 30, 2023. 8 As of March 24, 2024. 9 As of Jan. 31, 2024. 10 As of Feb. 29, 2024.
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