Top 100 US Hedge Funds 2026
The 100 largest US Hedge Funds manage approximately $5.48 trillion in combined assets as of 2026, up 13.8% from 2025. The ten largest funds alone account for approximately $2.27 trillion of that total.
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.
New York is the most represented location with 51% of the top 100 funds and 63% of total assets under management.
There are 8 new entrants to the top 100 in 2026 and 8 funds that dropped off compared to 2025.
Total AUM — Top 100 US Hedge Funds 2026
City Distribution
This ranking shows the top managers by AUM. The complete United States Hedge Fund List covers every fund with verified emails, AUM, and 40 data fields — Excel/CSV, one-time purchase with 12 months of updates.
Get the List — $697 →Top 100 US Hedge Funds 2026
Ranked by assets under management (AUM). Click any column to sort. Fund names link to detailed profiles.
| Rank | Δ | Fund Name | City | AUM ($M) | Strategy |
|---|---|---|---|---|---|
| 1 | — | Citadel Investment Group | Chicago | 445,959.0 | Convertibles |
| 2 | — | Ares Management | Los Angeles | 318,747.7 | Commodities |
| 3 | — | Balyasny Asset Management | Chicago | 265,152.4 | Multi Strategy |
| 4 | NEW | Oracle Investment Management | Greenwich | 265,152.4 | Long/Short |
| 5 | — | Point72 Asset Management | Stamford | 220,930.3 | |
| 6 | ▾2 | Millennium Capital Partners | New York | 218,000.0 | Multi Strategy |
| 7 | ▴2 | DE Shaw | New York | 154,586.9 | Absolute Return |
| 8 | ▴2 | Alphadyne Asset Management | New York | 147,366.2 | Commodities |
| 9 | ▴4 | Exoduspoint Capital Management, LP | New York | 119,722.3 | Multi Strategy |
| 10 | ▴5 | Two Sigma Investments | New York | 110,281.1 | Commodities |
| 11 | ▾5 | Garda Capital | Minneapolis | 106,636.6 | Distressed |
| 12 | ▾1 | Goldman Sachs Asset Management | New York | 106,240.0 | Fund of Funds |
| 13 | ▾6 | Mariner Investment Group LLC | New York | 103,600.9 | |
| 14 | ▴2 | Angelo Gordon & Co. | New York | 100,050.7 | Commodities |
| 15 | ▾7 | Bridgewater Associates | Westport | 97,886.6 | Global Macro |
| 16 | ▾2 | Renaissance Technologies | East Setauket | 91,958.3 | Multi Strategy |
| 17 | ▴8 | Lighthouse Investment Partners | Palm Beach Gardens | 85,747.9 | Commodities |
| 18 | ▴2 | Bracebridge Capital | Boston | 84,739.2 | Absolute Return |
| 19 | ▾7 | Cerberus Capital Management | New York | 84,094.6 | Distressed |
| 20 | ▾1 | AQR Capital Management | Greenwich | 83,848.2 | Commodities |
| 21 | ▴1 | Tudor Investment Corporation | Stamford | 83,565.5 | Commodities |
| 22 | ▾4 | Fortress Investment Group | New York | 71,327.4 | Distressed |
| 23 | ▾2 | Viking Global Investors | Greenwich | 69,789.5 | Global Macro |
| 24 | — | Tiger Global Management LLC | New York | 69,561.6 | |
| 25 | ▾2 | Coatue Management | New York | 69,416.4 | |
| 26 | — | Adage Capital Management | Boston | 59,994.0 | |
| 27 | — | Stone Point Capital | Greenwich | 56,767.3 | Long/Short |
| 28 | ▴16 | III Capital | Boca Raton | 55,300.5 | Fixed Income |
| 29 | ▴2 | Farallon Capital Management | San Francisco | 48,181.1 | Multi Strategy |
| 30 | ▾1 | Och-Ziff Capital Management | New York | 44,025.8 | Commodities |
| 31 | ▾1 | Sculptor Capital Management | New York | 44,025.8 | |
| 32 | — | GoldenTree Asset Management | New York | 43,734.3 | Absolute Return |
| 33 | ▾5 | Davidson Kempner Capital Management | New York | 41,633.1 | Distressed |
| 34 | ▴3 | Tenaron Capital Management | New York | 40,039.4 | Global Macro |
| 35 | ▾18 | Element Capital Management | New York | 40,030.5 | Fixed Income |
| 36 | ▾3 | Oaktree Capital Management | Los Angeles | 38,350.0 | Distressed |
| 37 | ▾3 | Holocene Advisors | New York | 38,045.8 | Long/Short |
| 38 | ▴10 | Silver Point Capital | Greenwich | 37,087.2 | Distressed |
| 39 | ▾3 | Centerbridge Partners LP | New York | 37,035.7 | Commodities |
| 40 | ▾2 | Voloridge Investment Management | Jupiter | 36,273.7 | |
| 41 | ▴9 | Field Street Capital Management | New York | 36,005.8 | Fixed Income |
| 42 | — | Hudson Bay Capital Management | New York | 33,891.9 | Multi Strategy |
| 43 | ▾4 | BlackRock Alternative Advisors | New York | 33,250.0 | Commodities |
| 44 | ▾3 | Apollo Capital | New York | 32,680.0 | Commodities |
| 45 | ▴2 | King Street Capital Management | New York | 32,316.1 | Commodities |
| 46 | ▾3 | Paskewitz Asset Management | Edison | 31,844.4 | Commodities |
| 47 | ▴9 | Alyeska Investment Group | Chicago | 31,652.2 | Commodities |
| 48 | ▾13 | Select Equity | New York | 31,573.7 | Long/Short |
| 49 | ▴20 | Graham Capital Management | Rowayton | 28,538.3 | Commodities |
| 50 | ▾5 | Kayne Anderson Capital Advisors | Los Angeles | 28,444.3 | Multi Strategy |
| 51 | ▴10 | HBK Capital Management | Dallas | 28,013.1 | Multi Strategy |
| 52 | ▾12 | Moore Capital Management | New York | 27,984.0 | Emerging Markets |
| 53 | ▾2 | Wellington Management Company LLP | Boston | 27,210.0 | Commodities |
| 54 | ▾2 | Capstone Investment Advisors LLC | New York | 26,990.0 | |
| 55 | ▾6 | Benefit Street Partners | New York | 26,070.2 | Fixed Income |
| 56 | ▴2 | Magnetar Capital | Evanston | 24,950.4 | Commodities |
| 57 | NEW | Pine River Capital Management | Minnetonka | 24,052.6 | Commodities |
| 58 | ▾3 | Baupost Group | Boston | 23,584.8 | Long/Short |
| 59 | — | Strategic Value Partners | Greenwich | 23,424.1 | Distressed |
| 60 | ▴22 | Woodline Partners | San Francisco | 22,743.7 | Long/Short |
| 61 | ▾4 | Horsley Bridge Partners | San Francisco | 22,290.4 | Fund of Funds |
| 62 | ▾8 | Haidar Capital Management | New York | 21,921.1 | Global Macro |
| 63 | ▴8 | Diameter Capital Partners | New York | 21,577.7 | Fixed Income |
| 64 | ▾1 | Wafra Investment Group | New York | 20,813.4 | Multi Strategy |
| 65 | ▾19 | Paloma Partners | Greenwich | 20,803.3 | Multi Strategy |
| 66 | ▴6 | Brigade Capital Management | New York | 20,342.1 | Commodities |
| 67 | ▾7 | Marathon Asset Management | New York | 20,320.7 | Distressed |
| 68 | ▴8 | Lone Pine Capital | Greenwich | 19,846.2 | Emerging Markets |
| 69 | ▴15 | Beach Point Capital Management | Santa Monica | 19,735.6 | Fixed Income |
| 70 | ▾6 | Arrowstreet Capital | Boston | 19,600.0 | Emerging Markets |
| 71 | ▾6 | Stockbridge | San Francisco | 19,538.1 | Real Estate |
| 72 | ▴15 | Third Point LLC | New York | 19,323.9 | Distressed |
| 73 | ▾7 | Guggenheim Capital Markets | New York | 19,206.2 | Fixed Income |
| 74 | ▾7 | Appaloosa Management | Short Hills | 19,100.0 | Distressed |
| 75 | — | Alpha Wave Global, LP | New York | 19,033.7 | Distressed |
| 76 | ▾8 | Grantham, Mayo, Van Otterloo & Co. | Boston | 18,960.0 | Commodities |
| 77 | ▾7 | Pershing Square Capital Management | New York | 18,251.2 | Long/Short |
| 78 | ▾5 | OrbiMed Advisors | New York | 17,339.3 | |
| 79 | — | Universa Investments | Miami | 17,206.7 | |
| 80 | ▾3 | Varde Partners | Minneapolis | 16,669.2 | Distressed |
| 81 | ▴8 | Monarch Alternative Capital | New York | 16,474.6 | Distressed |
| 82 | ▾2 | Neuberger Berman | New York | 15,900.0 | Fund of Funds |
| 83 | ▾9 | MSD Capital | New York | 15,673.7 | |
| 84 | ▴1 | Bayview Asset Management | Coral Gables | 14,700.0 | Fixed Income |
| 85 | ▴14 | Saba Capital | New York | 14,474.5 | Fixed Income |
| 86 | ▴7 | Alkeon Capital Management | New York | 14,157.2 | |
| 87 | ▴3 | Lazard Alternatives | New York | 14,120.0 | Long/Short |
| 88 | NEW | PDT Partners | New York | 14,019.3 | |
| 89 | ▴7 | Commonfund Capital | Wilton | 13,964.0 | Fixed Income |
| 90 | ▾28 | CarVal Investors | Minneapolis | 13,945.1 | Fixed Income |
| 91 | NEW | Engineers Gate Manager | New York | 13,570.9 | |
| 92 | — | Canyon Partners | Los Angeles | 13,544.9 | Commodities |
| 93 | ▾15 | MJX Asset Management | New York | 13,120.1 | Fixed Income |
| 94 | NEW | LibreMax Capital | New York | 12,999.1 | Distressed |
| 95 | NEW | Abrams Capital | Boston | 12,962.8 | Commodities |
| 96 | NEW | 26 North | New York | 12,831.6 | Fixed Income |
| 97 | ▾3 | JHL Capital Group | Chicago | 12,776.0 | Convertibles |
| 98 | ▾3 | Rockpoint Group | Boston | 12,776.0 | Real Estate |
| 99 | NEW | Altimeter Capital | Boston | 12,692.5 | Long/Short |
| 100 | ▾14 | Pharo Management | New York | 12,421.0 | Emerging Markets |
Top 10 Funds — AUM Comparison ($B)
Get the Full United States Hedge Fund List
Comprehensive database of 2,800+ US Hedge Funds with contact details, AUM, strategies, and more. Instant download after purchase.
$697
$995
View Details →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 |
| #57 | Pine River Capital Management | $24,053M |
| #88 | PDT Partners | $14,019M |
| #91 | Engineers Gate Manager | $13,571M |
| #94 | LibreMax Capital | $12,999M |
| #95 | Abrams Capital | $12,963M |
| #96 | 26 North | $12,832M |
| #99 | Altimeter Capital | $12,693M |
📉 Dropped from List
| BlueMountain Capital |
| Caxton Associates |
| Crestline Investors |
| Knighthead Capital Management, LLC |
| Laurion Capital Management |
| Nephila Capital |
| Soroban Capital Partners |
| 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
- 51 of the top 100 are based in New York (51%)
- 9 of the top 100 are based in Boston (9%)
- 8 of the top 100 are based in Greenwich (8%)
- 4 of the top 100 are based in Chicago (4%)
- 4 of the top 100 are based in Los Angeles (4%)
- The top 100 funds manage $5.48 trillion in combined AUM
- The top 10 funds alone manage $2.27 trillion — 41% of the total
- Average AUM of the top 100 is $54.8 billion
- Median AUM is $28.0 billion
- Combined AUM increased 13.8% from 2025
Strategy Distribution Trends
| Strategy | 2024 | 2025 | 2026 | YoY Δ |
|---|---|---|---|---|
| Fixed Income | 35 | 36 | 36 | — |
| Multi Strategy | 26 | 27 | 27 | — |
| Commodities | 21 | 22 | 23 | +1 |
| Distressed | 25 | 21 | 20 | -1 |
| Global Macro | 15 | 18 | 17 | -1 |
| Long/Short | 20 | 18 | 17 | -1 |
| Real Estate | 9 | 10 | 10 | — |
| Emerging Markets | 6 | 6 | 6 | — |
| Convertibles | 6 | 5 | 5 | — |
| Fund of Funds | 9 | 6 | 5 | -1 |
| Absolute Return | 5 | 3 | 3 | — |
| Energy | 3 | 3 | 3 | — |
Frequently Asked Questions
What is the largest US Hedge Fund?
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 US Hedge Funds manage?
The 100 largest collectively manage approximately $5.48 trillion in AUM as of 2026, an increase of 13.8% from the prior year.
Which location has the most US Hedge Funds?
New York is home to 51% of the top 100 US Hedge Funds, making it the most represented location.
