Study: Hedge Funds by City
Hedge Funds in New York
Last updated November 9, 2026
SEC Form ADV, filings through Oct 1, 2026. New York ranks first 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 New York
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 | Millennium Management | $712.7BN | $720.8BN | New York, NY | 10 of 10 | Aug 2026 |
| 2 | LMR Partners | $374.1BN | $140.1BN | New York, NY | 4 of 4 | Aug 2026 |
| 3 | Two Sigma Investments | $310.9BN | $232.8BN | New York, NY | 62 of 62 | Mar 2026 |
| 4 | Schonfeld Strategic Advisors | $296.5BN | $225.3BN | New York, NY | 39 of 39 | Sep 2026 |
| 5 | D. E. Shaw & Co.Also files: D. E. Shaw Investment Management ($19.2BN) | $213.4BN | $213.4BN | New York, NY | 13 of 13 | Aug 2026 |
| 6 | Squarepoint OPS | $205.8BN | $227.0BN | New York, NY | 11 of 11 | Aug 2026 |
| 7 | Exoduspoint Capital Management | $181.8BN | $159.4BN | New York, NY | 6 of 6 | Aug 2026 |
| 8 | Alphadyne Asset Management | $164.8BN | $164.8BN | New York, NY | 3 of 3 | Mar 2026 |
| 9 | Mariner Investment Group | $123.5BN | $176.3BN | New York, NY | 16 of 17 | Aug 2026 |
| 10 | TPG Angelo Gordon | $107.1BN | $115.9BN | New York, NY | 176 of 237 | Aug 2026 |
| 11 | Capstone Investment Advisors | $91.3BN | $91.5BN | New York, NY | 16 of 16 | Aug 2026 |
| 12 | Renaissance Technologies | $87.2BN | $96.4BN | New York, NY | 4 of 4 | Jul 2026 |
| 13 | Davidson Kempner Capital Management | $66.1BN | $46.6BN | New York, NY | 56 of 56 | Apr 2026 |
| 14 | Tenaron Capital Management | $56.4BN | $56.4BN | New York, NY | 2 of 2 | May 2026 |
| 15 | Holocene Advisors | $50.4BN | $50.4BN | New York, NY | 2 of 2 | Mar 2026 |
| 16 | Element Capital Management | $46.4BN | $43.4BN | New York, NY | 3 of 3 | Oct 2026 |
| 17 | Linden Advisors | $38.2BN | $38.8BN | New York, NY | 2 of 2 | Mar 2026 |
| 18 | King Street Capital Management | $34.7BN | $34.6BN | New York, NY | 33 of 63 | Mar 2026 |
| 19 | Alkeon Capital Management | $34.4BN | $25.3BN | New York, NY | 22 of 26 | Mar 2026 |
| 20 | Jain Global | $32.4BN | $32.4BN | New York, NY | 2 of 2 | Sep 2026 |
| 21 | Pacific Way Capital Management | $32.1BN | $33.6BN | New York, NY | 9 of 9 | Aug 2026 |
| 22 | Baker Brothers Investments | $28.1BN | $28.1BN | New York, NY | 2 of 2 | Mar 2026 |
| 23 | Compass Rose Asset Management | $27.5BN | $16.5BN | New York, NY | 3 of 3 | Mar 2026 |
| 24 | Soroban Capital Partners | $23.3BN | $15.7BN | New York, NY | 10 of 10 | Mar 2026 |
| 25 | Kirkoswald Asset Management | $21.8BN | $27.2BN | New York, NY | 3 of 4 | May 2026 |
| 26 | Centiva Capital | $20.6BN | $20.6BN | New York, NY | 1 of 1 | Mar 2026 |
| 27 | PDT Partners | $20.1BN | $19.2BN | New York, NY | 4 of 4 | Mar 2026 |
| 28 | Pershing Square Capital Management | $19.4BN | $25.1BN | New York, NY | 3 of 4 | Jun 2026 |
| 29 | Deerfield Management Company | $19.2BN | $19.1BN | New York, NY | 11 of 12 | Jul 2026 |
| 30 | Select Equity Group | $18.7BN | $36.4BN | New York, NY | 26 of 35 | Mar 2026 |
| 31 | Engineers Gate Manager | $18.2BN | $23.2BN | New York, NY | 1 of 1 | Mar 2026 |
| 32 | Boothbay Fund Management | $17.8BN | $18.0BN | New York, NY | 4 of 4 | Aug 2026 |
| 33 | Darsana Capital Partners | $16.7BN | $16.7BN | New York, NY | 1 of 2 | Mar 2026 |
| 34 | Saba Capital Management | $15.4BN | $18.3BN | New York, NY | 12 of 12 | May 2026 |
| 35 | Pharo Management | $14.6BN | $14.6BN | New York, NY | 6 of 6 | Mar 2026 |
| 36 | Marshall Wace North America | $14.1BN | $58.9BN | New York, NY | 12 of 14 | Jul 2026 |
| 37 | SRS Investment Management | $14.0BN | $13.9BN | New York, NY | 4 of 4 | Jun 2026 |
| 38 | Avoro Capital Advisors | $13.6BN | $13.6BN | New York, NY | 1 of 2 | Mar 2026 |
| 39 | Haidar Capital Management | $13.4BN | $13.4BN | Pearl River, NY | 1 of 1 | Mar 2026 |
| 40 | Slate Path Capital | $12.0BN | $12.0BN | New York, NY | 2 of 2 | Jul 2026 |
| 41 | Samlyn Capital | $12.0BN | $9.7BN | New York, NY | 8 of 9 | Mar 2026 |
| 42 | Trian Fund Management | $11.2BN | $10.4BN | New York, NY | 16 of 22 | Jul 2026 |
| 43 | Gotham Asset Management | $11.1BN | $30.0BN | New York, NY | 27 of 27 | Jul 2026 |
| 44 | Laurion Capital Management | $10.7BN | $6.8BN | New York, NY | 3 of 3 | Mar 2026 |
| 45 | Junto Capital Management | $10.5BN | $10.5BN | New York, NY | 1 of 1 | Mar 2026 |
| 46 | Highbridge Capital Management | $10.5BN | $7.6BN | New York, NY | 16 of 16 | Mar 2026 |
| 47 | Steadfast Capital Management | $10.4BN | $10.4BN | New York, NY | 2 of 2 | Mar 2026 |
| 48 | Tenor Capital Management Company | $10.2BN | $10.2BN | New York, NY | 3 of 4 | Mar 2026 |
| 49 | Castle Hook Partners | $9.8BN | $11.0BN | New York, NY | 1 of 1 | Oct 2026 |
| 50 | VR Advisory Services | $9.6BN | $9.8BN | New York, NY | 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 New York the managers are
The towns of the main offices, as filed. The area is the New York metro area (New York-Newark-Jersey City, NY-NJ, Census CBSA 35620).
- New York509
- Brooklyn9
- Summit8
- Jersey City5
- Purchase4
- Red Bank4
- Rye4
- Englewood Cliffs3
Of the 603 managers in New York.
Managers by size
Private fund gross assets as filed. Most managers are small; a few hold most of the assets.
- $10BN and up48 ($3.69TN)
- $1BN to $10BN141 ($460.6BN)
- $100MM to $1BN253 ($94.6BN)
- Under $100MM161 ($7.3BN)
Of the 603 managers in New York; 95 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 New York metro area (New York-Newark-Jersey City, NY-NJ, Census CBSA 35620). 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: 105 whose kind on our lists or rankings is another kind (39 credit managers, 20 wealth managers, 13 other businesses, 8 multi-strategy managers, 6 funds of funds or secondaries buyers, 5 real estate managers, 4 private equity firms, 4 traditional managers, 2 family offices, 1 bank or insurer, 1 consultant, 1 infrastructure or real assets manager and 1 venture firm); 18 whose filed name names another kind of business (such as credit, lending, real estate, infrastructure, wealth or venture); 6 whose latest Form ADV is more than 15 months old; 2 that file 100 or more individual clients with financial planning and that we have not read.
- 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; 4 folded on this page.
- 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 New York," updated November 9, 2026, praxisrock.com/insights/hedge-funds-new-york.
| 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 New York?
603 hedge fund managers with a main office in the New York 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 $4.26TN 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 New York?
Millennium Management, with $712.7BN of private fund gross assets on its Form ADV filed Aug 2026. The next largest are LMR Partners ($374.1BN) and Two Sigma Investments ($310.9BN).
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.