Institutional rankings · SEC 13F · Q4 2025

Largest funds by reported 13F value

Institutional managers ranked by the total market value of the U.S.-listed equity positions disclosed in their latest SEC Form 13F, a proxy for the size of each manager's reportable equity book.

$123.8B
Largest book
49%
Top-5 share of all value
360
Filers ranked

According to the U.S. Securities and Exchange Commission, institutional investment managers with at least $100 million in qualifying assets must report their U.S.-listed equity holdings on Form 13F-HR within 45 days of each quarter-end. This ranking is computed directly from those Q4 2025 filings - see our methodology for full sourcing and limitations.

The leaderboard

Neuberger Berman Group LLC leads 360 reporting institutions with $123.8B in reported 13F equity value; the #25 cutoff to make this top-25 list is GREAT VALLEY ADVISOR GROUP, INC. at $4.5B as of Q4 2025.

$123.8B
largest book (Neuberger Berman G)
$4.5B
#25 cutoff to make this list
49%
of all reported value (top 5 = $483.5B)
360
filers in the full extract

13F value reflects reported equity size, not assets under management, performance, or skill, it omits shorts, options, cash, bonds, and non-U.S. holdings. The table below is the top 25 of the full filer extract.

Largest reported equity books

All funds →
  1. 1
    Neuberger Berman Group LLC $123.8B
  2. 2
    JPMORGAN CHASE & CO $109.6B
  3. 3
    RHUMBLINE ADVISERS $106.9B
  4. 4
    Clearbridge Investments, LLC $92.6B
  5. 5
    Universal- Beteiligungs- und Servicegesellschaft mbH $50.6B
  6. 6
    Squarepoint Ops LLC $48.1B

Top 6 of 360 filers by reported 13F value · Q4 2025

# Fund Reported valuePositions
1 Neuberger Berman Group LLC $123.8B 2,046
2 JPMORGAN CHASE & CO $109.6B 7,377
3 RHUMBLINE ADVISERS $106.9B 4,181
4 Clearbridge Investments, LLC $92.6B 732
5 Universal- Beteiligungs- und Servicegesellschaft mbH $50.6B 1,006
6 Squarepoint Ops LLC $48.1B 2,814
7 Cetera Investment Advisers $42.4B 3,658
8 Pacer Advisors, Inc. $39.1B 3,827
9 FRANKLIN RESOURCES INC $27.2B 2,907
10 Boston Partners $24.7B 766
11 STRS OHIO $23.9B 1,922
12 FARALLON CAPITAL MANAGEMENT LLC $22.1B 167
13 CIBC Bancorp USA Inc. $18.3B 1,464
14 Sanctuary Advisors, LLC $15.8B 2,363
15 AKRE CAPITAL MANAGEMENT LLC $12.1B 21
16 Orion Porfolio Solutions, LLC $11.7B 1,967
17 Jefferies Financial Group Inc. $9.1B 1,248
18 JONES FINANCIAL COMPANIES LLLP $7.8B 3,697
19 Polar Asset Management Partners Inc. $7.4B 648
20 CIBC Private Wealth Group LLC $7.3B 3,086
21 SYNOVUS FINANCIAL CORP $7.2B 915
22 Liontrust Investment Partners LLP $7.1B 216
23 Tidal Investments LLC $7.0B 1,789
24 GROUPAMA ASSET MANAGMENT $6.8B 432
25 GREAT VALLEY ADVISOR GROUP, INC. $4.5B 840

Concentration among the largest filers

Neuberger Berman Group LLC holds the largest book on this list at $123.8B, spread across 2,046 disclosed positions -- more than the 1,789-position median among these top-25 filers, a broadly diversified book relative to its size.

Reported book value vs. disclosed position count, top 25 filers

Top 25 of 360 tracked 13F filers by reported value, plotted by book value and disclosed position count; Neuberger Berman Group LLC highlighted. Source: SEC Form 13F-HR filings, Q4 2025. 2×2 strategic matrix plotting 25 entities by Reported book value ($B) (X) and Disclosed positions (Y), with a crosshair dividing the plot into four quadrants. Large & diversifiedSmall & diversifiedConcentrated giantSmall & concentrated $0B$50B$100B$150B 02,0004,0006,0008,000 Reported book value ($B) Disclosed positions Reported book value vs. disclosed position count, top 25 filers
Top 25 of 360 tracked 13F filers by reported value, plotted by book value and disclosed position count; Neuberger Berman Group LLC highlighted. Source: SEC Form 13F-HR filings, Q4 2025.

Reading this ranking

Reported 13F value is a size proxy from public filings, not an AUM figure and not a performance ranking.

  • 13F captures only long U.S.-listed equity positions; it understates total AUM for managers that also hold bonds, cash, foreign equity, or run short books. Methodology
  • Largest-book ≠ best-performing. Size reflects scale, not returns or skill, check what each manager actually holds. Browse funds
  • See where the most institutional conviction concentrates by name, not by manager. Most concentrated

Informational only, not investment advice. Filings lag up to 45 days after quarter-end and omit shorts, options, cash, and non-U.S. holdings.

Source: U.S. Securities and Exchange Commission (SEC) - EDGAR Form 13F-HR institutional holdings filings · Q4 2025 Ranking derived live from the latest quarterly 13F filings of institutional managers with $100M+ in qualifying assets.