Study: Hedge Funds by City
Hedge Funds in Miami
Last updated November 9, 2026
SEC Form ADV, filings through Oct 1, 2026. Miami ranks number 3 of the eight cities by the number of managers.
- New York603$4.26TN
- San Francisco72$207.0BN
- Miami111$1.39TN
- Chicago67$411.5BN
- Dallas53$98.6BN
- Boston88$522.4BN
- Los Angeles66$89.1BN
- Connecticut137$1.13TN
SEC Form ADV, filings through Oct 1, 2026. Counted on each city's page.
The 50 largest hedge funds in Miami
Ranked by private fund gross assets as filed on Form ADV. Each name opens the firm's SEC record. A firm that files through more than one adviser is one row, carried by its larger filing; the others are named under it with their own figures and never added.
| Rank | Firm | Private fund gross assets | Regulatory AUM | Main office | Hedge funds | Form ADV filed |
|---|---|---|---|---|---|---|
| 1 | Citadel Advisors | $1.09TN | $570.6BN | Miami, FL | 37 of 37 | Jun 2026 |
| 2 | Lighthouse Investment Partners | $70.1BN | $107.4BN | Palm Beach Gardens, FL | 139 of 139 | Sep 2026 |
| 3 | III Capital Management | $47.6BN | $88.2BN | Boca Raton, FL | 7 of 8 | May 2026 |
| 4 | OC Investment Management | $45.2BN | $75.9BN | Miami, FL | 1 of 1 | May 2026 |
| 5 | Voloridge | $36.2BN | $36.2BN | Jupiter, FL | 5 of 5 | Mar 2026 |
| 6 | Universa Investments | $21.3BN | $21.3BN | Miami, FL | 45 of 45 | Mar 2026 |
| 7 | Daemon Investment and Asset Management | $7.1BN | $7.1BN | Miami, FL | 3 of 3 | Mar 2026 |
| 8 | Altarock Partners | $5.7BN | $5.7BN | West Palm Beach, FL | 2 of 2 | Apr 2026 |
| 9 | Skye Global Management | $5.0BN | $5.2BN | West Palm Beach, FL | 1 of 1 | Mar 2026 |
| 10 | Valley Forge Capital Management | $4.4BN | $4.4BN | Miami, FL | 3 of 3 | Mar 2026 |
| 11 | Fourth Sail Capital US | $3.7BN | $3.7BN | Boca Raton, FL | 2 of 3 | Mar 2026 |
| 12 | Isam Funds (USA) | $3.6BN | $6.0BN | Boca Raton, FL | 3 of 3 | Sep 2026 |
| 13 | Sirenia Capital Management | $3.5BN | $4.3BN | Miami Beach, FL | 2 of 2 | May 2026 |
| 14 | Acasta Partners US | $3.1BN | $4.7BN | Boca Raton, FL | 1 of 1 | Feb 2026 |
| 15 | Holdco Asset Management | $2.8BN | $2.8BN | Fort Lauderdale, FL | 4 of 4 | Mar 2026 |
| 16 | Forest Avenue Capital Management | $2.3BN | $2.4BN | Miami, FL | 1 of 1 | Sep 2026 |
| 17 | Divisadero Street Capital Management | $2.2BN | $2.6BN | Miami, FL | 1 of 1 | Mar 2026 |
| 18 | Sanders Capital | $2.1BN | $122.2BN | West Palm Beach, FL | 3 of 3 | Jul 2026 |
| 19 | Point Break Capital Management | $2.0BN | $2.0BN | Miami, FL | 1 of 1 | May 2026 |
| 20 | Alpine Associates Management | $2.0BN | $2.1BN | Palm Beach, FL | 9 of 9 | Mar 2026 |
| 21 | Wexford Capital | $1.7BN | $1.7BN | West Palm Beach, FL | 7 of 13 | Oct 2026 |
| 22 | RK Capital Management | $1.7BN | $1.7BN | Weston, FL | 3 of 3 | Mar 2026 |
| 23 | Shaolin Capital Management | $1.7BN | $3.9BN | Miami, FL | 1 of 1 | Mar 2026 |
| 24 | Redwheel | $1.5BN | $4.4BN | Miami, FL | 2 of 2 | Mar 2026 |
| 25 | Fora Capital | $1.4BN | $1.7BN | Miami, FL | 1 of 1 | Mar 2026 |
| 26 | Arrington Capital Investment Management | $1.4BN | $1.4BN | Miami, FL | 3 of 3 | Mar 2026 |
| 27 | Meteora Capital | $1.3BN | $1.5BN | Boca Raton, FL | 6 of 6 | Mar 2026 |
| 28 | Infinitum Asset Management | $1.1BN | $1.1BN | Fort Lauderdale, FL | 3 of 3 | Mar 2026 |
| 29 | Occudo Quantitative Strategies | $1.1BN | $2.2BN | Fort Lauderdale, FL | 1 of 1 | Mar 2026 |
| 30 | Rivernorth Capital Management | $1.1BN | $6.2BN | West Palm Beach, FL | 5 of 5 | Mar 2026 |
| 31 | Nuverse Advisors | $1.1BN | $1.2BN | Hallandale Beach, FL | 1 of 1 | Mar 2026 |
| 32 | Prescott General Partners | $1.0BN | $1.7BN | Boca Raton, FL | 1 of 1 | Mar 2026 |
| 33 | Azora Capital | $1.0BN | $2.5BN | Miami, FL | 3 of 3 | Mar 2026 |
| 34 | Khrom Capital Management | $981MM | $981MM | Miami, FL | 1 of 1 | Mar 2026 |
| 35 | Artia Global Partners | $779MM | $779MM | Miami, FL | 1 of 1 | Mar 2026 |
| 36 | Thomas J. Herzfeld Advisors | $577MM | $890MM | Miami Beach, FL | 5 of 9 | Aug 2026 |
| 37 | Tyro Capital Management | $571MM | $571MM | Miami, FL | 2 of 2 | Apr 2026 |
| 38 | Kerrisdale Capital Management | $430MM | $448MM | Miami Beach, FL | 2 of 2 | Mar 2026 |
| 39 | Ratan Capital Management | $402MM | $402MM | Miami, FL | 2 of 2 | Mar 2026 |
| 40 | LRZ Capital | $378MM | $501MM | Miami, FL | 3 of 3 | Sep 2026 |
| 41 | Aston Capital Management | $364MM | $712MM | Coral Gables, FL | 5 of 5 | Mar 2026 |
| 42 | L1 Capital Global | $357MM | $434MM | Miami Beach, FL | 1 of 1 | Mar 2026 |
| 43 | Brightline Capital Management | $346MM | $346MM | Miami, FL | 2 of 2 | Mar 2026 |
| 44 | Eschaton Opportunities Fund Management | $319MM | $334MM | Miami, FL | 2 of 2 | Mar 2026 |
| 45 | Hawkeye Capital Management | $313MM | $313MM | Miami Beach, FL | 1 of 1 | Mar 2026 |
| 46 | QSO Capital Management | $250MM | $250MM | Fort Lauderdale, FL | 2 of 2 | Jul 2026 |
| 47 | Doma Perpetual Capital Management | $249MM | $308MM | Miami, FL | 1 of 1 | Sep 2026 |
| 48 | Inca Investments | $216MM | $570MM | Miami, FL | 1 of 1 | Apr 2026 |
| 49 | Balance Capital Partners | $196MM | $196MM | Miami, FL | 2 of 2 | Jun 2026 |
| 50 | Tremblant Capital Group | $195MM | $745MM | West Palm Beach, FL | 2 of 2 | Mar 2026 |
Hedge funds by city: the eight places compared
Each place counts the managers whose Form ADV main office is there. Select a city to open its page.
- Hedge funds in New York$4.26TN filed603
- Hedge funds in Connecticut$1.13TN filed137
- Hedge funds in Miami$1.39TN filed111
- Hedge funds in Boston$522.4BN filed88
- Hedge funds in San Francisco$207.0BN filed72
- Hedge funds in Chicago$411.5BN filed67
- Hedge funds in Los Angeles$89.1BN filed66
- Hedge funds in Dallas$98.6BN filed53
Where in Miami the managers are
The towns of the main offices, as filed. The area is the Miami metro area, which takes in Fort Lauderdale and Palm Beach (Miami-Fort Lauderdale-West Palm Beach, FL, Census CBSA 33100).
- Miami44
- Miami Beach14
- Boca Raton13
- West Palm Beach9
- Fort Lauderdale5
- Aventura4
- Coral Gables4
- Palm Beach3
Of the 111 managers in Miami.
Managers by size
Private fund gross assets as filed. Most managers are small; a few hold most of the assets.
- $10BN and up6 ($1.31TN)
- $1BN to $10BN27 ($66.7BN)
- $100MM to $1BN35 ($9.6BN)
- Under $100MM43 ($1.9BN)
Of the 111 managers in Miami; 24 of them are exempt reporting advisers, which file Form ADV without registering.
How this research is used
These listsRaise CapitalMap the Market
Raise Capital
For managers raising a fund: we find the investors who can write your check, and get you in the room with them.
Map the Market
A market map of the managers in one strategy or one place, with a short list.
How this study is made
- Who counts. A hedge fund manager here is an adviser whose private funds are half or more hedge funds by its own Form ADV (Schedule D), with its main office in the Miami metro area, which takes in Fort Lauderdale and Palm Beach (Miami-Fort Lauderdale-West Palm Beach, FL, Census CBSA 33100). An exempt reporting adviser counts only when its filing lists a website.
- How they are ranked. By the private fund gross assets each manager files; regulatory AUM is shown and does not set the rank. Figures are as filed, with the month of the filing.
- One kind per firm. A firm our other lists or rankings already place as another kind of investor is not counted here. Left out: 8 whose filed name names another kind of business (such as credit, lending, real estate, infrastructure, wealth or venture); 7 whose kind on our lists or rankings is another kind (5 credit managers, 1 private equity firm and 1 wealth manager); 1 that file 100 or more individual clients with financial planning and that we have not read; 1 whose latest Form ADV is more than 15 months old.
- One business, one row. Advisers of one business (the same website or company page on Form ADV, a name their own site carries in one town, or a pair we read by hand) are one row, carried by the larger filing and its figure, never added, and shown once, in the place of that filing.
- Names. Firm names only, as the firm trades; no person, contact or street address is shown.
The rows are free to use with credit under CC BY 4.0. Download the rows as CSV.
Cite as: Praxis Rock Advisors, "Hedge Funds in Miami," updated November 9, 2026, praxisrock.com/insights/hedge-funds-miami.
| Figure | Source | Period, read |
|---|---|---|
| Firms, main offices, regulatory AUM, private fund gross assets, fund counts by type, filing dates | SEC Form ADV monthly file, registered advisers | Filings through Oct 1, 2026; read Oct 31, 2026 |
| The same fields for exempt reporting advisers | SEC Form ADV monthly file, exempt reporting advisers | Filings through Oct 1, 2026; read Oct 31, 2026 |
| Each row's filing | SEC Investment Adviser Public Disclosure, linked on each row | As filed |
| The kind of each firm (one kind per firm across our lists) | Our lists, rankings and the firm reads behind them, and each firm's own site where we read it | As read by Nov 9, 2026 |
| The place of each main office | HUD ZIP code to county file and the Census metro area definitions (July 2023) | As our place lists use them |
Frequently Asked Questions
How many hedge funds are in Miami?
111 hedge fund managers with a main office in the Miami metro area file Form ADV with the SEC and run private funds that are half or more hedge funds (SEC monthly adviser files, filings through October 1, 2026). Together they report $1.39TN of private fund gross assets. Managers that file only with a state, and offices of managers based elsewhere, are not in this count.
What is the largest hedge fund in Miami?
Citadel Advisors, with $1.09TN of private fund gross assets on its Form ADV filed Jun 2026. The next largest are Lighthouse Investment Partners ($70.1BN) and III Capital Management ($47.6BN).
How are the hedge funds on this list ranked?
By the private fund gross assets each manager reports on Form ADV (Schedule D). Gross assets count what the funds borrow, so they run above the money investors put in. Regulatory AUM is shown beside it and does not set the rank.