Top 100 Hedge Funds in North America 2026
The 100 largest Hedge Funds in North America manage approximately $5.52 trillion in combined assets as of 2026, up 13.9% from 2025.
Citadel Investment Group leads the rankings at $446B in AUM, based in Chicago. Ares Management ranks second at $319B, followed by Balyasny Asset Management at $265B.
United States is the most represented location with 98% of the top 100 funds.
There are 8 new entrants to the top 100 in 2026 and 8 funds that dropped off compared to 2025.
Total AUM — Top 100 Hedge Funds in North America 2026
Country Distribution
Top 100 Hedge Funds in North America 2026
Ranked by assets under management (AUM). Click any column to sort. Fund names link to detailed profiles.
| Rank | Δ | Fund Name | Country | City | AUM ($M) | Strategy |
|---|---|---|---|---|---|---|
| 1 | — | Citadel Investment Group | United States | Chicago | 445,959.0 | Convertibles |
| 2 | — | Ares Management | United States | Los Angeles | 318,747.7 | Commodities |
| 3 | — | Balyasny Asset Management | United States | Chicago | 265,152.4 | Multi Strategy |
| 4 | NEW | Oracle Investment Management | United States | Greenwich | 265,152.4 | Long/Short |
| 5 | — | Point72 Asset Management | United States | Stamford | 220,930.3 | |
| 6 | ▾2 | Millennium Capital Partners | United States | New York | 218,000.0 | Multi Strategy |
| 7 | ▴2 | DE Shaw | United States | New York | 154,586.9 | Absolute Return |
| 8 | ▴2 | Alphadyne Asset Management | United States | New York | 147,366.2 | Commodities |
| 9 | ▴4 | Exoduspoint Capital Management, LP | United States | New York | 119,722.3 | Multi Strategy |
| 10 | ▴5 | Two Sigma Investments | United States | New York | 110,281.1 | Commodities |
| 11 | ▾5 | Garda Capital | United States | Minneapolis | 106,636.6 | Distressed |
| 12 | ▾1 | Goldman Sachs Asset Management | United States | New York | 106,240.0 | Fund of Funds |
| 13 | ▾6 | Mariner Investment Group LLC | United States | New York | 103,600.9 | |
| 14 | ▴2 | Angelo Gordon & Co. | United States | New York | 100,050.7 | Commodities |
| 15 | ▾7 | Bridgewater Associates | United States | Westport | 97,886.6 | Global Macro |
| 16 | ▾2 | Renaissance Technologies | United States | East Setauket | 91,958.3 | Multi Strategy |
| 17 | ▴8 | Lighthouse Investment Partners | United States | Palm Beach Gardens | 85,747.9 | Commodities |
| 18 | ▴2 | Bracebridge Capital | United States | Boston | 84,739.2 | Absolute Return |
| 19 | ▾7 | Cerberus Capital Management | United States | New York | 84,094.6 | Distressed |
| 20 | ▾1 | AQR Capital Management | United States | Greenwich | 83,848.2 | Commodities |
| 21 | ▴1 | Tudor Investment Corporation | United States | Stamford | 83,565.5 | Commodities |
| 22 | ▾4 | Fortress Investment Group | United States | New York | 71,327.4 | Distressed |
| 23 | ▾2 | Viking Global Investors | United States | Greenwich | 69,789.5 | Global Macro |
| 24 | — | Tiger Global Management LLC | United States | New York | 69,561.6 | |
| 25 | ▾2 | Coatue Management | United States | New York | 69,416.4 | |
| 26 | — | Adage Capital Management | United States | Boston | 59,994.0 | |
| 27 | — | Stone Point Capital | United States | Greenwich | 56,767.3 | Long/Short |
| 28 | ▴17 | III Capital | United States | Boca Raton | 55,300.5 | Fixed Income |
| 29 | ▴2 | Farallon Capital Management | United States | San Francisco | 48,181.1 | Multi Strategy |
| 30 | ▾1 | Och-Ziff Capital Management | United States | New York | 44,025.8 | Commodities |
| 31 | ▾1 | Sculptor Capital Management | United States | New York | 44,025.8 | |
| 32 | — | GoldenTree Asset Management | United States | New York | 43,734.3 | Absolute Return |
| 33 | ▴10 | Polar Asset Management Partners | Canada | Toronto | 42,904.5 | |
| 34 | ▾6 | Davidson Kempner Capital Management | United States | New York | 41,633.1 | Distressed |
| 35 | ▴2 | Tenaron Capital Management | United States | New York | 40,039.4 | Global Macro |
| 36 | ▾19 | Element Capital Management | United States | New York | 40,030.5 | Fixed Income |
| 37 | ▾4 | Oaktree Capital Management | United States | Los Angeles | 38,350.0 | Distressed |
| 38 | ▾4 | Holocene Advisors | United States | New York | 38,045.8 | Long/Short |
| 39 | ▴10 | Silver Point Capital | United States | Greenwich | 37,087.2 | Distressed |
| 40 | ▾4 | Centerbridge Partners LP | United States | New York | 37,035.7 | Commodities |
| 41 | ▾3 | Voloridge Investment Management | United States | Jupiter | 36,273.7 | |
| 42 | ▴9 | Field Street Capital Management | United States | New York | 36,005.8 | Fixed Income |
| 43 | ▾1 | Hudson Bay Capital Management | United States | New York | 33,891.9 | Multi Strategy |
| 44 | ▾5 | BlackRock Alternative Advisors | United States | New York | 33,250.0 | Commodities |
| 45 | ▾4 | Apollo Capital | United States | New York | 32,680.0 | Commodities |
| 46 | ▴2 | King Street Capital Management | United States | New York | 32,316.1 | Commodities |
| 47 | ▾3 | Paskewitz Asset Management | United States | Edison | 31,844.4 | Commodities |
| 48 | ▴9 | Alyeska Investment Group | United States | Chicago | 31,652.2 | Commodities |
| 49 | ▾14 | Select Equity | United States | New York | 31,573.7 | Long/Short |
| 50 | ▴20 | Graham Capital Management | United States | Rowayton | 28,538.3 | Commodities |
| 51 | ▾5 | Kayne Anderson Capital Advisors | United States | Los Angeles | 28,444.3 | Multi Strategy |
| 52 | ▴10 | HBK Capital Management | United States | Dallas | 28,013.1 | Multi Strategy |
| 53 | ▾13 | Moore Capital Management | United States | New York | 27,984.0 | Emerging Markets |
| 54 | ▾2 | Wellington Management Company LLP | United States | Boston | 27,210.0 | Commodities |
| 55 | ▾2 | Capstone Investment Advisors LLC | United States | New York | 26,990.0 | |
| 56 | ▾6 | Benefit Street Partners | United States | New York | 26,070.2 | Fixed Income |
| 57 | ▴2 | Magnetar Capital | United States | Evanston | 24,950.4 | Commodities |
| 58 | NEW | Pine River Capital Management | United States | Minnetonka | 24,052.6 | Commodities |
| 59 | ▾3 | Baupost Group | United States | Boston | 23,584.8 | Long/Short |
| 60 | — | Strategic Value Partners | United States | Greenwich | 23,424.1 | Distressed |
| 61 | ▴13 | Onex Credit Partners | Canada | Toronto | 23,410.7 | Fixed Income |
| 62 | ▴23 | Woodline Partners | United States | San Francisco | 22,743.7 | Long/Short |
| 63 | ▾5 | Horsley Bridge Partners | United States | San Francisco | 22,290.4 | Fund of Funds |
| 64 | ▾9 | Haidar Capital Management | United States | New York | 21,921.1 | Global Macro |
| 65 | ▴7 | Diameter Capital Partners | United States | New York | 21,577.7 | Fixed Income |
| 66 | ▾2 | Wafra Investment Group | United States | New York | 20,813.4 | Multi Strategy |
| 67 | ▾20 | Paloma Partners | United States | Greenwich | 20,803.3 | Multi Strategy |
| 68 | ▴5 | Brigade Capital Management | United States | New York | 20,342.1 | Commodities |
| 69 | ▾8 | Marathon Asset Management | United States | New York | 20,320.7 | Distressed |
| 70 | ▴9 | Lone Pine Capital | United States | Greenwich | 19,846.2 | Emerging Markets |
| 71 | ▴16 | Beach Point Capital Management | United States | Santa Monica | 19,735.6 | Fixed Income |
| 72 | ▾7 | Arrowstreet Capital | United States | Boston | 19,600.0 | Emerging Markets |
| 73 | ▾7 | Stockbridge | United States | San Francisco | 19,538.1 | Real Estate |
| 74 | ▴16 | Third Point LLC | United States | New York | 19,323.9 | Distressed |
| 75 | ▾8 | Guggenheim Capital Markets | United States | New York | 19,206.2 | Fixed Income |
| 76 | ▾8 | Appaloosa Management | United States | Short Hills | 19,100.0 | Distressed |
| 77 | — | Alpha Wave Global, LP | United States | New York | 19,033.7 | Distressed |
| 78 | ▾9 | Grantham, Mayo, Van Otterloo & Co. | United States | Boston | 18,960.0 | Commodities |
| 79 | ▾8 | Pershing Square Capital Management | United States | New York | 18,251.2 | Long/Short |
| 80 | ▾5 | OrbiMed Advisors | United States | New York | 17,339.3 | |
| 81 | ▴1 | Universa Investments | United States | Miami | 17,206.7 | |
| 82 | ▾2 | Varde Partners | United States | Minneapolis | 16,669.2 | Distressed |
| 83 | ▴9 | Monarch Alternative Capital | United States | New York | 16,474.6 | Distressed |
| 84 | ▾1 | Neuberger Berman | United States | New York | 15,900.0 | Fund of Funds |
| 85 | ▾9 | MSD Capital | United States | New York | 15,673.7 | |
| 86 | ▴2 | Bayview Asset Management | United States | Coral Gables | 14,700.0 | Fixed Income |
| 87 | NEW | Saba Capital | United States | New York | 14,474.5 | Fixed Income |
| 88 | ▴8 | Alkeon Capital Management | United States | New York | 14,157.2 | |
| 89 | ▴4 | Lazard Alternatives | United States | New York | 14,120.0 | Long/Short |
| 90 | NEW | PDT Partners | United States | New York | 14,019.3 | |
| 91 | ▴8 | Commonfund Capital | United States | Wilton | 13,964.0 | Fixed Income |
| 92 | ▾29 | CarVal Investors | United States | Minneapolis | 13,945.1 | Fixed Income |
| 93 | NEW | Engineers Gate Manager | United States | New York | 13,570.9 | |
| 94 | ▴1 | Canyon Partners | United States | Los Angeles | 13,544.9 | Commodities |
| 95 | ▾14 | MJX Asset Management | United States | New York | 13,120.1 | Fixed Income |
| 96 | NEW | LibreMax Capital | United States | New York | 12,999.1 | Distressed |
| 97 | NEW | Abrams Capital | United States | Boston | 12,962.8 | Commodities |
| 98 | NEW | 26 North | United States | New York | 12,831.6 | Fixed Income |
| 99 | ▾2 | JHL Capital Group | United States | Chicago | 12,776.0 | Convertibles |
| 100 | ▾2 | Rockpoint Group | United States | Boston | 12,776.0 | Real Estate |
Top 10 Funds — AUM Comparison ($B)
Movers and Shakers
🔺 Biggest AUM Gainers
| Fund | $ Change | % Change |
| Citadel Investment Group | +$48.9B | +12.3% |
| Point72 Asset Management | +$48.8B | +28.4% |
| Ares Management | +$37.3B | +13.3% |
| DE Shaw | +$34.1B | +28.3% |
| Exoduspoint Capital Management, LP | +$34.0B | +39.6% |
🆕 New Entrants
| Rank | Fund | AUM |
| #4 | Oracle Investment Management | $265,152M |
| #58 | Pine River Capital Management | $24,053M |
| #87 | Saba Capital | $14,475M |
| #90 | PDT Partners | $14,019M |
| #93 | Engineers Gate Manager | $13,571M |
| #96 | LibreMax Capital | $12,999M |
| #97 | Abrams Capital | $12,963M |
| #98 | 26 North | $12,832M |
📉 Dropped from List
| BlueMountain Capital |
| Caxton Associates |
| Crestline Investors |
| Laurion Capital Management |
| Nephila Capital |
| Pharo Management |
| Sprott Asset Management |
| Waterfall Asset Management |
📊 Fastest Growing (%)
| III Capital | +84.7% |
| Lighthouse Investment Partners | +58.6% |
| Graham Capital Management | +53.1% |
| Woodline Partners | +51.5% |
| Alyeska Investment Group | +43.7% |
Key Statistics
- 98 of the top 100 are based in United States (98%)
- 2 of the top 100 are based in Canada (2%)
- The top 100 funds manage $5.52 trillion in combined AUM
- The top 10 funds alone manage $2.27 trillion — 41% of the total
- Average AUM of the top 100 is $55.2 billion
- Median AUM is $28.4 billion
- Combined AUM increased 13.9% from 2025
Strategy Distribution Trends
| Strategy | 2024 | 2025 | 2026 | YoY Δ |
|---|---|---|---|---|
| Fixed Income | 35 | 35 | 37 | +2 |
| Multi Strategy | 26 | 27 | 27 | — |
| Commodities | 21 | 23 | 23 | — |
| Distressed | 25 | 20 | 20 | — |
| Global Macro | 15 | 18 | 16 | -2 |
| Long/Short | 20 | 17 | 16 | -1 |
| Real Estate | 9 | 10 | 10 | — |
| Convertibles | 6 | 5 | 5 | — |
| Emerging Markets | 6 | 6 | 5 | -1 |
| Fund of Funds | 9 | 6 | 5 | -1 |
| Absolute Return | 4 | 3 | 3 | — |
| Energy | 3 | 3 | 3 | — |
Frequently Asked Questions
What is the largest Hedge Funds in North America?
As of 2026, Citadel Investment Group is the largest with approximately $446B in assets under management, based in Chicago.
How much do the top 100 Hedge Funds in North America manage?
The 100 largest collectively manage approximately $5.52 trillion in AUM as of 2026, an increase of 13.9% from the prior year.
Which location has the most Hedge Funds in North America?
United States is home to 98% of the top 100 Hedge Funds in North America, making it the most represented location.
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