BRK-B
2nd
Berkshire Hathaway
$1.17Tn
542.43
-0.84%
+10.66%
Berkshire manages a massive portfolio of equity securities and fixed income instruments, generating substantial revenue from investment gains, dividends, and interest.
JPM
2nd
Jpmorgan Chase
$881.30Bn
331.54
-1.48%
+12.56%
The Asset & Wealth Management segment provides investment management services and charges asset management fees to high net worth individuals and institutions.
BAC
2nd
Bank Of America
$354.90Bn
50.57
-1.04%
-2.30%
The company manages investment portfolios and provides retirement solutions through its Global Wealth & Investment Management (GWIM) segment, earning asset management fees.
HSBC
2nd
Hsbc Holdings
$311.39Bn
90.65
-1.36%
+36.81%
The company operates HSBC Asset Management and manages over $1.2tn in wealth assets, charging fees for managing investment portfolios for institutional and high-net-worth clients.
MS
2nd
Morgan Stanley
$282.15Bn
179.49
-2.41%
+12.67%
The Investment Management segment manages mutual funds and private investment funds on behalf of institutional and retail clients.
RY
2nd
Royal Bank Of Canada
$281.68Bn
201.11
-0.44%
+36.37%
The Wealth Management segment manages investment portfolios for affluent and ultra-high-net-worth clients and distributes asset management products globally to institutional and individual clients.
GS
2nd
Goldman Sachs
$255.22Bn
875.72
-1.74%
+16.64%
The Asset & Wealth Management segment manages investment portfolios through mutual funds, ETFs, and separately managed accounts, charging management and incentive fees.
MUFG
2nd
Mitsubishi Ufj Financial
$249.82Bn
21.05
-1.73%
+40.99%
The company operates a dedicated Asset Management & Investor Services Business Group and a subsidiary, Mitsubishi UFJ Asset Management, which manages investment trusts and pension funds for retail and institutional customers.
WFC
2nd
Wells Fargo & Company
$249.49Bn
82.38
-0.77%
-2.46%
Through its Wealth and Investment Management segment, the company manages investment portfolios and offers portfolio management for individual and institutional clients, charging advisory fees.
TD
2nd
Toronto Dominion Bank
$210.53Bn
124.61
-0.38%
+54.03%
The bank operates a Wealth Management segment providing investment advice, private client services, and manages portfolios for high-net-worth individuals through TD Wealth.
SAN
2nd
Banco Santander
$188.46Bn
12.83
-0.70%
+32.27%
The company explicitly generates revenue from asset management services as part of its fee and commission income described in Note 10.
QCOM
2nd
Qualcomm
$185.94Bn
175.91
+1.78%
+3.46%
Through its QSI segment and Qualcomm Ventures, the company makes strategic investments in early-stage companies across AI, 5G, and automotive sectors, holding equity securities and convertible debt.
BLK
BlackRock
$173.27Bn
1,117.92
-1.72%
-0.63%
BlackRock is the world's largest investment management firm, managing active and index strategies, ETFs (iShares), and mutual funds for institutional and retail clients. Its primary revenue is generated through investment management fees calculated as a percentage of assets under management.
SCHW
2nd
Schwab Charles
$156.64Bn
90.58
-0.96%
-4.25%
Schwab operates as an asset manager, creating and managing investment portfolios such as mutual funds and ETFs for which it charges management fees.
UBS
2nd
UBS Group AG
$154.95Bn
46.37
-1.07%
+21.32%
The company has a dedicated Asset Management segment that delivers fund management and portfolio management capabilities to institutional and wholesale clients globally.
BBVA
2nd
Banco Bilbao Vizcaya Argentaria
$142.10Bn
24.89
-0.68%
+26.60%
The company operates dedicated asset management units in Spain, Mexico, and Turkey, managing mutual funds and pension funds for its clients.
ADP
2nd
Automatic Data Processing
$120.99Bn
304.16
-1.23%
+8.03%
ADP earns revenue from investment management services offered to retirement plan clients, managing these assets as part of its retirement administration offerings.
BMO
2nd
Bank Of Montreal
$119.98Bn
169.24
-0.74%
+34.38%
The company operates a Wealth Management segment that provides asset management and investment advisory services to retail and institutional clients.
HDB
2nd
Hdfc Bank
$113.30Bn
22.08
-1.60%
-39.44%
The company operates HDFC Asset Management Company Limited, which is one of India's largest mutual fund managers providing a suite of savings and investment products.
ITUB
2nd
Itau Unibanco Holding
$106.52Bn
9.66
+1.79%
+40.20%
The company operates a dedicated asset management business within its Wholesale Business segment, charging fees for managing investment portfolios for institutional and high-net-worth clients.
CM
2nd
Canadian Imperial Bank Of Commerce
$105.62Bn
113.99
-0.88%
+39.81%
The company provides asset management services for institutional clients and portfolio management for high net worth individuals, earning asset management fees.
BNY
2nd
Bank of New York Mellon
$98.55Bn
145.24
-0.04%
+36.15%
The firm operates an Investment and Wealth Management segment that provides active and passive asset management across equity, fixed income, and multi-asset strategies, earning advisory and discretionary portfolio management fees.
CIB
2nd
Grupo Cibest
$94.36Bn
98.11
+1.33%
+75.70%
The company generates income from asset management and investment management activities, managing portfolios for its diversified client base.
MRSH
2nd
Marsh & Mclennan Companies
$93.82Bn
197.52
-0.91%
+5.02%
Through Mercer's Wealth practice, the company provides investment management services and manages approximately six hundred ninety two billion dollars in assets, earning asset-based charges.
USB
2nd
Us Bancorp \De\
$92.81Bn
59.57
-0.73%
+24.57%
The company provides asset management and trust services, generating significant noninterest income from trust and investment management fees within its Wealth, Corporate, Commercial and Institutional Banking segment.
ING
2nd
Ing Groep
$92.36Bn
31.82
-1.88%
+33.36%
The company operates a Private Banking & Wealth Management segment that manages investment portfolios and provides investment solutions for high net worth individuals, targeting assets under management of €278 billion.
SMFG
2nd
Sumitomo Mitsui Financial
$91.09Bn
23.80
-1.29%
+49.59%
The company provides asset management services through dedicated entities such as SMDAM and TT International Asset Management Ltd.
PNC
2nd
Pnc Financial Services
$89.53Bn
224.43
-0.49%
+23.35%
The company has a dedicated Asset Management segment that provides institutional investment products and manages portfolios for individual and institutional investors.
BX
Blackstone
$88.78Bn
117.97
-0.65%
-23.88%
Blackstone is described as the world's largest alternative asset manager, managing pooled capital across private equity, infrastructure, and hedge funds. Its revenue model is based on management fees and performance revenues (carried interest) from these illiquid and non-public strategies.
BN
Brookfield
$85.33Bn
37.97
-0.78%
-16.55%
Brookfield operates a massive asset management business managing over $1 trillion in assets, earning revenue through management fees, performance fees, and carried interest from private funds and perpetual strategies. It manages illiquid real assets, private equity, and infrastructure for institutional and high-net-worth investors.
AMUB
2nd
Ubs Ag
$84.11Bn
21.80
-0.73%
+17.84%
The profile explicitly mentions that the company generates fee-based revenue from asset management and provides investment products and wealth management services to high net worth and institutional investors.
KKR
Kkr
$82.00Bn
91.34
-1.87%
-24.49%
KKR is a leading global alternative asset manager that manages pooled capital across Private Equity, Real Assets, and Credit and Liquid Strategies. It generates revenue through management fees and carried interest from institutional and high-net-worth investors.
LYG
2nd
Lloyds Banking
$79.01Bn
5.34
-0.56%
+17.62%
The group provides investment products and wealth management services to its customers.
BCS
2nd
Barclays
$75.40Bn
21.75
-1.23%
+5.53%
The Private Bank and Wealth Management segment provides discretionary portfolio management and asset management services to high-net-worth individuals.
MFC
2nd
Manulife Financial
$75.37Bn
44.26
-2.94%
+37.45%
The company operates a Global Wealth and Asset Management segment that provides investment management services to institutional and retail clients worldwide, earning fees from these services.
BAM
Brookfield Asset Management
$75.12Bn
47.03
-1.30%
-12.53%
Brookfield Asset Management is a global alternative asset manager that manages pooled capital in illiquid strategies including private equity, infrastructure, real estate, and private credit. It earns revenue through base management fees and performance income such as carried interest from institutional and high-net-worth investors.
NWG
2nd
NatWest
$69.02Bn
16.78
-1.35%
+15.56%
The company operates a Private Banking & Wealth Management segment that manages £58.5 billion in assets under management and administration, charging AUMA-related fees for investment management.
SNTUF
2nd
Santander UK
$65.21Bn
2.10
+0.00%
+24.26%
The company provides wealth management solutions, including investment advice and pension planning, for which it earns fee-based income.
APO
Apollo Global Management
$64.96Bn
112.79
-1.67%
-8.34%
Apollo is a global alternative asset manager that manages pooled capital across credit and equity strategies for institutional investors, sovereign wealth funds, and high-net-worth individuals. It generates revenue through management fees on assets under advisory and performance-related income (carried interest).
AON
2nd
Aon
$64.39Bn
303.56
-1.03%
-11.07%
The company's Human Capital segment provides personalized financial planning, retirement consulting, and investment advisory services to clients for employee wellbeing and compensation.
MET
2nd
Metlife
$63.02Bn
98.82
-4.57%
+26.42%
The company operates a dedicated MetLife Investment Management segment that delivers asset management and advisory services to institutional investors across public and private fixed income, real estate, and equity.
DB
2nd
Deutsche Bank Aktiengesellschaft
$59.41Bn
31.22
-0.86%
-6.47%
Through its Asset Management segment and affiliate DWS, the company offers active and passive investment solutions, including ETFs and multi-asset strategies, for institutional and retail investors.
TFC
2nd
Truist Financial
$59.20Bn
48.46
+0.08%
+11.12%
The company offers asset management and trust and retirement services, managing investment portfolios for clients through its Truist Wealth brand.
WPM
Wheaton Precious Metals
$54.88Bn
120.87
-2.04%
+23.05%
Wheaton operates as a streaming and royalty company, which is a form of alternative asset management where it provides upfront capital to mining companies in exchange for the right to purchase future production at a discount. This is a non-public, illiquid financing strategy that earns returns through the spread between the fixed purchase price and the market sale price of the metals.
FRFHF
2nd
Fairfax Financial Holdings
$53.70Bn
1,769.00
-1.45%
+6.45%
Fairfax manages its insurance float and shareholder capital through Hamblin Watsa Investment Counsel Ltd., focusing on long-term value creation across equity, fixed income, and alternative asset classes.
FITB
2nd
Fifth Third Bancorp
$48.03Bn
52.98
-0.45%
+25.93%
The company operates a Wealth and Asset Management segment that delivers investment advisory and trust services to individuals and corporations, managing assets under care for a fee.
STT
2nd
State Street
$46.11Bn
167.87
-0.01%
+46.47%
The company operates an Investment Management segment (State Street Global Advisors) that manages $5.67 trillion in AUM through products like SPDR ETFs and actively managed funds.
FNV
Franco Nevada
$44.09Bn
228.71
-1.35%
+19.55%
Franco-Nevada operates as a royalty and streaming company, managing a portfolio of cash-flow producing assets and providing capital to mining operations in exchange for a share of production. This matches the profile of an alternative asset manager managing illiquid, real-asset strategies for the purpose of generating returns from commodity production.
ARES
Ares Management
$43.97Bn
122.08
-1.28%
-17.75%
Ares Management is a global alternative investment manager that manages pooled capital across private equity, private credit, and real assets for institutional and high-net-worth investors. Its revenue is primarily derived from management fees and performance-based fees such as carried interest.
SLF
2nd
Sun Life Financial
$43.79Bn
79.07
-2.13%
+28.86%
The company has a dedicated Asset Management segment that manages mutual funds, segregated funds, and institutional portfolios for clients globally through brands like SLC Management and MFS Investment Management.
AMP
Ameriprise Financial
$43.47Bn
492.15
-0.89%
+2.93%
The company's leading position is based on its large advisor franchise of over 10,000 financial advisors providing personalized financial planning and advice to retail clients. This is a core business line generating fee-based advisory fees from individuals and households.
BBD
2nd
Bank Bradesco
$43.06Bn
4.07
+2.78%
+21.49%
The bank manages R$997.7 billion in assets via Bradesco Asset and earns revenue from asset management fees.
KB
2nd
KB Financial
$41.13Bn
114.69
-1.59%
+42.17%
KB Asset Management delivers investment advisory services and manages investment trust products for retail and institutional investors.
IX
2nd
Orix
$40.96Bn
36.44
-0.74%
+44.83%
ORIX has a dedicated 'PE Investment and Concession' segment focused on private equity investments, carve-outs, and take-private transactions to earn gains on sales.
PRU
2nd
Prudential Financial
$39.68Bn
115.01
-2.65%
+13.02%
Through PGIM, the company provides investment management solutions including public fixed income, public equity, and multi-asset strategies, earning revenue from asset management and performance-based fees.
HIG
2nd
Hartford Insurance
$37.04Bn
136.76
-1.93%
+9.19%
Through its Hartford Funds segment, the company manages mutual funds and exchange traded funds for retail and institutional investors, earning fees from investment management and administrative services.
BAP
2nd
Credicorp
$34.92Bn
369.94
-0.39%
+43.43%
Credicorp manages mutual funds and pension funds through Prima AFP and Credicorp Capital, earning asset management and advisory fees.
MTB
2nd
M&T Bank
$32.00Bn
221.59
-0.53%
+22.36%
The company has a dedicated Wealth Management segment that provides investment advisory and fiduciary services to individuals, families, and institutions through M&T Bank and Wilmington Trust Company.
HBAN
2nd
Huntington Bancshares
$31.78Bn
15.73
+0.45%
-0.82%
Through the Huntington Private Client Group, the company provides investment management and trust services to high-net-worth individuals.
NTRS
2nd
Northern Trust
$30.73Bn
167.92
+1.27%
+34.62%
The company provides investment management services across both its Asset Servicing and Wealth Management segments, managing $1.3 trillion and $507.2 billion in assets respectively.
RJF
2nd
Raymond James Financial
$30.29Bn
157.68
-0.95%
-4.48%
The company has a dedicated Asset Management segment that manages investment assets and provides trust services, earning asset management and administrative fees.
PUK
2nd
Prudential
$30.18Bn
23.69
-1.37%
-13.32%
Through its Eastspring Investments subsidiary, the company manages $277.7 billion in funds for third-party retail and institutional clients. It earns management fees by providing investment strategies across fixed income, equities, and multi-asset portfolios.
CFG
2nd
Citizens Financial
$27.53Bn
65.14
-0.15%
+27.83%
The company provides wealth management solutions and investment products through its Private Wealth division, serving high and ultra-high net worth individuals.
NMR
2nd
Nomura Holdings
$26.08Bn
8.99
-0.55%
+29.17%
The Investment Management segment manages portfolios for pension funds and institutional investors, earning annual asset management fees based on assets under management.
LPLA
2nd
LPL Financial Holdings
$24.85Bn
315.61
-1.02%
-6.70%
LPL is a leading investment advisory firm that generates substantial revenue from advisor-generated advisory fees and asset-based fees. It provides the infrastructure and platforms for advisors to manage investment portfolios on behalf of clients.
FCNCA
2nd
First Citizens Bancshares
$24.67Bn
2,375.84
+8.15%
+35.64%
The company provides wealth management, brokerage, and trust services to individuals and institutional clients, generating fee-based revenue from these activities.
AER
2nd
AerCap Holdings
$24.33Bn
145.82
-1.29%
+20.87%
AerCap provides asset management and administrative services for third parties, joint ventures, and securitization vehicles.
RF
2nd
Regions Financial
$24.25Bn
28.47
+0.25%
+18.13%
The Wealth Management segment provides investment management and trust services to high net worth individuals and institutions, earning investment management and trust fees.
PFG
Principal Financial
$23.30Bn
108.57
-1.40%
+36.67%
Principal Financial's core business involves managing wealth and retirement savings through mutual funds, individual variable annuities, and a dedicated Principal Asset Management division that serves institutional and retail investors.
MKL
2nd
Markel
$23.19Bn
1,871.66
-1.90%
-1.29%
The Financial segment includes Nephila, which provides insurance-linked securities investment and insurance management services for institutional risk investors.
KEY
2nd
Keycorp
$22.50Bn
21.08
-0.71%
+20.32%
KeyCorp offers investment management and wealth management services to individuals, high net worth individuals, and institutional clients.
TROW
Price T Rowe
$22.23Bn
104.20
+0.72%
+1.67%
T. Rowe Price is a global investment management firm that manages mutual funds and separate accounts for individual and institutional clients. Its revenue is primarily generated through investment advisory fees calculated as a percentage of assets under management (AUM).
ATMP
2nd
Barclays Bank
$21.10Bn
36.03
+2.10%
+28.82%
The Private Bank and Wealth Management segment manages investment portfolios for high-net-worth and ultra-high-net-worth individuals, charging fees for these management services.
BCH
2nd
Bank Of Chile
$19.37Bn
38.35
-0.44%
+15.65%
The company manages mutual funds through its subsidiary Banchile Administradora General de Fondos and earns management fees, holding a 23.6% market share in this service.
EWBC
2nd
East West Bancorp
$17.97Bn
131.19
-1.10%
+28.66%
The company generates fee-based revenue from wealth management services provided to its clients.
LEN
2nd
Lennar
$17.65Bn
84.93
+0.51%
-33.30%
Lennar acts as a sponsor and manager of funds and joint ventures focused on multifamily and single-family rental assets, earning promoted interests and carried interest distributions.
TPG
Tpg
$17.45Bn
44.64
-3.31%
-20.04%
TPG is a global alternative asset manager that manages pooled capital across private equity, credit, and real estate for institutional investors. It generates revenue through management fees and performance allocations (carried interest) on these illiquid, non-public strategies.
WF
2nd
Woori Financial
$16.26Bn
66.45
-3.88%
+23.03%
The Asset Management segment manages investment trusts, money trusts, and property trusts for retail and institutional investors via Woori Asset Management Corp.
CBSH
2nd
Commerce Bancshares
$16.17Bn
56.07
-0.78%
+10.74%
The company has a dedicated Wealth segment that provides discretionary investment portfolio management services to personal and institutional corporate customers.
FTAI
2nd
FTAI Aviation
$15.84Bn
154.37
-1.99%
-13.37%
Through its Strategic Capital Initiative, the company manages third-party capital for investments in aviation assets, earning asset management fees from institutional investors.
XP
2nd
Xp
$15.81Bn
30.41
+3.61%
+77.01%
Through XP Gestão and XP Vista, the company manages mutual funds focused on stocks, macro strategies, and passive index tracking for retail and institutional clients, earning asset management fees.
BEN
Franklin Templeton
$15.76Bn
31.05
-1.43%
+36.97%
Franklin Resources is a global investment management organization that manages approximately $1.6 trillion in assets under management. It generates revenue primarily from investment management fees calculated as a percentage of AUM for its equity, fixed income, and multi-asset strategies.
CRBG
2nd
Corebridge Financial
$15.21Bn
34.13
-4.08%
+7.12%
The company manages $386.4 billion in client assets and earns fee-based income from investment advisory services and brokerage activities within its Group Retirement segment.
PNFP
2nd
Pinnacle Financial Partners
$15.16Bn
100.40
-0.06%
+15.52%
The company provides fiduciary investment management and trust administration services through its Investment Trust and Insurance Services segment.
BSAC
2nd
Banco Santander Chile
$14.94Bn
31.71
-0.84%
+11.73%
The company has a dedicated Wealth Management segment that provides mutual fund management and investment management services, charging fees for managing portfolios on behalf of clients.
RNR
2nd
Renaissancere Holdings
$14.75Bn
352.70
-2.73%
+45.00%
The company earns management and performance fees through its Capital Partners unit by managing third-party capital for institutional investors in joint ventures and managed funds.
OWL
Blue Owl Capital
$14.59Bn
9.36
-3.51%
-42.61%
Blue Owl Capital is a global alternative asset manager that manages pooled capital across Credit, GP Strategic Capital, and Real Assets platforms. Its revenue is derived from management fees on fee-paying assets under management and performance-based fees such as carried interest.
EQH
2nd
Equitable Holdings
$14.41Bn
52.76
-4.13%
+8.34%
Through its AllianceBernstein franchise, the company serves as a global active asset manager delivering investment services across equity, fixed income, and multi-asset strategies for institutional and retail clients, earning investment advisory and services fees based on assets under management.
FUTU
2nd
Futu Holdings
$13.90Bn
99.19
+0.27%
-41.89%
Futu distributes wealth management products, including mutual funds, private funds, and structured products, earning fees from these distribution activities.
CG
Carlyle
$13.64Bn
38.59
-1.56%
-32.95%
Carlyle is a global investment firm that manages pooled alternative investment capital across private equity, credit, and fund-of-funds strategies. It generates revenue through management fees and carried interest from institutional and high-net-worth investors.
AEG
2nd
Aegon
$12.58Bn
8.10
-1.22%
+9.31%
The company operates a dedicated Asset Management segment that manages and advises on EUR 325 billion in assets for corporate and public pension funds, insurance companies, and banks. This business earns fees by making investment decisions across fixed income, equities, and real assets.
AFG
2nd
American Financial
$12.50Bn
150.75
-1.77%
+12.84%
The company operates managed investment entities that generate fee income from managing collateralized loan obligation (CLO) entities, which are pooled alternative investment vehicles.
IVZ
Invesco
$12.39Bn
28.07
-2.47%
+23.77%
Invesco is an independent investment management firm that manages portfolios for retail and institutional clients, earning revenue through management fees. Its core activities include managing mutual funds, ETFs (such as the QQQ Trust), and index-based strategies across equity and fixed income segments.
SEIC
2nd
Sei Investments
$12.27Bn
102.29
-2.11%
+25.46%
The company earns 38% of its revenue from asset management fees, providing customized investment management programs, goals-based strategies, and curated models using ETFs and mutual funds for advisors and banks.
MFG
2nd
Mizuho Financial
$11.91Bn
9.57
-1.44%
+49.07%
The company operates a dedicated Asset Management Company and subsidiary, Asset Management One Co., Ltd., which manages investment portfolios for individuals and institutional investors.
ERIE
2nd
Erie Indemnity
$11.71Bn
253.52
-1.28%
-22.16%
The company provides investment management services as part of its administrative offerings for the Exchange and its subsidiaries.
FHN
2nd
First Horizon
$11.11Bn
23.45
-0.42%
+14.06%
The company provides wealth and trust management, asset management services, and investment wealth management for high net worth individuals, earning noninterest income from wealth management fees.
SNUS-PH
2nd
Santander Holdings USA
$11.05Bn
20.84
-0.57%
—
The Wealth Management segment manages discretionary portfolios and retirement plans for high net worth individuals and families.
UMBF
2nd
Umb Financial
$10.29Bn
135.51
-0.48%
+21.89%
UMB provides asset management and trust services, managing investment portfolios for high-net-worth individuals and institutional clients.
JEF
2nd
Jefferies Financial
$10.29Bn
44.80
-1.86%
-18.40%
The Asset Management segment offers alternative investment management services to global investors, earning management and performance fees on private companies and other alternative strategies.
SF
2nd
Stifel Financial
$10.28Bn
66.67
-1.65%
-14.22%
The company generates asset management revenues derived from investment advisory fees for managing individual and institutional investment portfolios and mutual funds.
SSB
2nd
SouthState Bank
$10.23Bn
105.53
+0.21%
+17.36%
The company operates a Wealth Management segment through SouthState Private Capital Management, providing investment management and fiduciary services to affluent clients and families.
WTFC
2nd
Wintrust Financial
$10.17Bn
150.77
+0.68%
+19.56%
The wealth management segment provides trust and asset management services, earning revenue from managed money fees and asset-based fees.
BPOP
2nd
Popular
$10.17Bn
159.24
+1.01%
+39.68%
Through Popular Asset Management LLC, the company manages mutual funds and investment portfolios for individual and institutional clients.
AMG
Affiliated Managers
$9.91Bn
383.35
-3.08%
+60.43%
The company generates its revenue through economic participation in Affiliates that manage assets via mutual funds, ETFs, and separately managed accounts. Its core business model is based on the investment management activities of these partners, specifically in differentiated long-only strategies.
CFR
2nd
Cullen
$9.76Bn
157.11
-0.30%
+27.17%
The company provides investment management services to institutions and individuals through Frost Investment Advisors, LLC and Frost Investment Services, LLC, as well as managing mutual funds.
EVR
2nd
Evercore
$9.73Bn
251.91
-1.33%
-20.71%
The Investment Management segment provides wealth management services to high net worth individuals, foundations, and endowments, managing their investment portfolios for a fee.
ONB
2nd
Old National Bancorp
$9.69Bn
25.32
+0.64%
+22.79%
The company provides wealth management, trust, and investment advisory services, charging fee-based revenue for managing portfolios for its clients.
ZION
2nd
Zions Bancorporation, National Association
$9.66Bn
66.20
-0.29%
+28.10%
The company provides wealth management solutions and trust services to individual consumers and wealth management clients, earning noninterest income from these advisory and management activities.
HLI
2nd
Houlihan Lokey
$9.13Bn
131.38
-1.41%
-33.27%
The Financial and Valuation Advisory segment provides specialized financial analysis, valuation opinions, and diligence services to boards, special committees, and investors. These services involve providing tailored financial advice and independent studies for complex accounting and valuation matters.
JXN
2nd
Jackson Financial
$8.88Bn
130.19
-2.32%
+33.20%
The company earns fee income from the investment management of separate account assets through its subsidiary, JNAM, managing portfolios for retail investors.
COLB
2nd
Columbia Banking System
$8.72Bn
30.85
+3.21%
+23.45%
Through Columbia Wealth Advisors and Columbia Trust Company, the company manages investment portfolios and provides trust services for individuals, families, and businesses.
VOYA
Voya Financial
$8.68Bn
95.79
-2.68%
+31.09%
Voya's Retirement segment manages approximately 796.5 billion dollars of assets and earns revenue from asset-based administrative recordkeeping and advisory fees. The company also operates a dedicated Investment Management segment that earns management fees on 286.9 billion dollars of assets for third-party institutional and individual investors.
HQY
2nd
Healthequity
$8.62Bn
103.97
+2.97%
+7.92%
Healthequity provides investment advisory services to help members grow their tax-advantaged savings, managing the investment decisions for HSA assets.
PRI
2nd
Primerica
$8.48Bn
274.50
-3.86%
+3.62%
The company distributes and manages investment and savings products, including mutual funds and annuities, earning sales commissions, trailing fees, and asset-based advisory fees.
MORN
2nd
Morningstar
$8.44Bn
224.89
+0.70%
+3.12%
The company earns asset-based revenue from managing investment portfolios through its Morningstar Wealth and Morningstar Retirement segments, offering professionally managed model portfolios and managed retirement accounts.
CBC
2nd
Central Bancompany
$8.30Bn
34.67
+0.78%
—
The company has a dedicated Wealth Management segment consisting of Central Trust Company and Central Investment Advisors, which manage $16.0 billion in assets under advice through investment management and fiduciary services.
BOKF
2nd
Bok Financial
$7.82Bn
128.61
-0.37%
+22.73%
Through BOK Financial Private Wealth Inc, the company provides investment advisory and fiduciary services to high-net-worth clients, earning investment advisory fees.
VLY
2nd
Valley National Bancorp
$7.77Bn
14.06
+1.81%
+33.14%
The company has a Wealth Management and Insurance Services Division that provides asset management advisory services for individuals and small to medium sized businesses.
LNC
2nd
Lincoln National
$7.63Bn
39.84
-3.09%
+1.25%
The Retirement Plan Services segment provides recordkeeping, investment options, and proprietary target date portfolios for defined contribution plans, earning fees from asset charges.
ARE
2nd
Alexandria Real Estate Equities
$7.49Bn
42.97
-0.83%
-44.13%
The company earns revenue through strategic capital investments in transformative life science companies via its own venture capital platform, which involves managing capital in non-public strategies.
PB
2nd
Prosperity Bancshares
$6.99Bn
69.50
-0.47%
+9.99%
The company generates fee-based earnings from wealth management services provided to its customers.
SNEX
2nd
StoneX
$6.79Bn
56.55
-1.31%
+27.54%
The company provides asset management and independent wealth management services to both institutional and retail clients.
UBSI
2nd
United Bankshares
$6.63Bn
48.67
+0.43%
+38.46%
The company has a wealth management unit that provides asset management solutions and earns asset-based fees on managed portfolios.
VCTR
Victory Capital Holdings
$6.62Bn
107.60
+0.20%
+70.28%
Victory Capital Holdings is a global asset management firm that manages investment portfolios through mutual funds, ETFs, and separate accounts. It generates revenue primarily from investment management fees based on the level of client assets it manages for institutions and individual investors.
FAF
2nd
First American Financial
$6.61Bn
64.67
-0.60%
+1.78%
The company provides wealth management and custody services through its banking and trust operations, earning fees for these investment services.
FNB
2nd
Fnb
$6.41Bn
18.17
-0.06%
+18.53%
The firm provides wealth management advisory services and earns trust and custodial fees from managing investment portfolios for retail and institutional clients.
GBCI
2nd
Glacier Bancorp
$6.22Bn
47.80
+3.85%
+11.11%
The company generates additional revenue from trust and wealth management activities, managing investment assets for its clients.
HOMB
2nd
Home Bancshares
$6.03Bn
30.09
-0.27%
+10.67%
The company generates non-interest income from trust and wealth management fees, indicating it manages investment portfolios for clients as a substantive business line.
TFPM
Triple Flag Precious Metals
$5.96Bn
28.84
-1.77%
-0.07%
Triple Flag operates as a specialized funding partner providing bespoke financing solutions to mining operators through streaming and royalty agreements. It manages a portfolio of these alternative assets to generate returns for its investors, fitting the profile of an alternative asset manager focused on real-asset strategies.
HWC
2nd
Hancock Whitney
$5.92Bn
73.51
+0.04%
+31.90%
The company has a dedicated wealth management division that provides trust and asset management services to individuals, families, and institutions, generating significant trust fees.
AVAL
2nd
Grupo Aval Acciones Y Valores
$5.83Bn
4.91
+4.03%
+23.68%
The company operates Porvenir, a leading private administrator of mandatory and voluntary pension and severance funds, earning revenue from fund management fees.
IFS
2nd
Intercorp Financial Services
$5.76Bn
51.84
+0.21%
+25.19%
The company manages mutual funds and provides wealth management services for high net worth and institutional clients through Inteligo and Interfondos, earning fees based on assets under management.
GLXY
2nd
Galaxy Digital
$5.74Bn
14.68
-3.99%
-61.97%
The company manages alternative investment strategies and venture capital funds, earning management fees and carried interest from successful exits.
ASB
2nd
Associated Banc
$5.70Bn
30.20
+1.31%
+19.27%
The company generates noninterest income through trust and investment management fees and wealth management offerings for its clients.
AUB
2nd
Atlantic Union Bankshares
$5.66Bn
39.89
-0.52%
+21.14%
The company provides wealth management and trust services, including investment management and retirement solutions for individuals and corporations.
ABCB
2nd
Ameris Bancorp
$5.55Bn
82.65
+0.46%
+14.03%
The company has a dedicated Wealth Management segment that provides asset management solutions and investment advisory services to individuals, families, and institutions.
BMA
2nd
Macro Bank
$5.53Bn
66.08
+5.12%
+13.54%
The company manages mutual funds and provides investment management services to third parties through its Treasury and Investment Services segment and subsidiaries.
BXSL
2nd
Blackstone Secured Lending Fund
$5.43Bn
23.33
-2.51%
-12.23%
The fund is externally managed by affiliates of Blackstone, leveraging the Blackstone Credit & Insurance alternative credit platform to access proprietary deal flow and private equity sponsor relationships.
PJT
2nd
PJT Partners
$5.36Bn
141.03
-1.36%
-21.01%
The company operates a Placement services segment that earns placement fees by providing fund placement services for alternative asset managers, including private equity, alternative credit, hedge funds, and real estate funds.
WTM
2nd
White Mountains Insurance
$5.31Bn
2,224.44
-0.88%
+14.78%
The Kudu segment provides capital solutions to boutique asset and wealth management firms, structuring investments as noncontrolling equity interests to support buyouts and liquidity, which matches private equity style financing.
RITM
2nd
Rithm Capital
$5.24Bn
9.39
+8.43%
-13.30%
The company operates an alternative asset management business through Sculptor, RCM Manager, and RCA, managing $37.5 billion in assets across credit, real estate, and multi-strategy platforms for institutional and retail investors.
EBC
2nd
Eastern Bankshares
$5.13Bn
22.40
+1.31%
+22.00%
The company provides wealth management and trust services through Cambridge Trust Wealth Management, which generated $69.9 million in fee revenue from managing investment portfolios for clients.
GGAL
2nd
Grupo Financiero Galicia
$5.02Bn
37.91
+4.96%
+8.81%
Through Galicia Asset Management (Fondos Fima), the company manages mutual funds and investment products such as Fima Premium and Fima Sustentable ESG.
STEP
StepStone
$5.01Bn
42.04
-3.29%
-32.90%
StepStone manages pooled alternative investment capital across private equity, infrastructure, private debt, and real estate for institutional and high-net-worth investors. It earns revenue through management fees on assets under management and performance fees (carried interest) on realized gains.
MAIN
2nd
Main Street Capital
$4.99Bn
53.47
-1.13%
-7.20%
The company has an external asset management subsidiary that generates management and incentive fees based on assets under management and the performance of the funds it advises.
PECO
2nd
Phillips Edison & Company
$4.94Bn
38.36
+0.18%
+11.45%
The company manages a third-party investment platform through unconsolidated joint ventures and a private fund, earning asset management and advisory fees from these institutional investors.
BRBI
2nd
BRBI BR Partners
$4.84Bn
15.38
+6.81%
+9.08%
The company manages private equity funds that acquire minority stakes in middle-market companies, earning management fees and performance fees on these alternative investments.
CIGI
2nd
Colliers International
$4.75Bn
92.89
-3.70%
-45.13%
The company operates an Investment Management segment that focuses on fund management and investment advisory services for real estate assets and related securities for institutional investors.
HASI
HA Sustainable Infrastructure Capital
$4.65Bn
36.31
-0.58%
+28.90%
The company acts as an alternative asset manager, deploying capital into illiquid sustainable infrastructure real assets and managing co-investment vehicles. It generates revenue from management fees on these vehicles and earns returns from equity method investments and interest income on debt investments.
HLNE
Hamilton Lane
$4.54Bn
82.27
-3.56%
-30.82%
Hamilton Lane manages pooled alternative investment capital across private equity, private credit, real estate, and infrastructure for institutional and high-net-worth investors. Its revenue model includes management fees on committed capital and carried interest on realized gains from these illiquid strategies.
NWBI
2nd
Northwest Bancshares
$4.53Bn
15.48
+0.26%
+26.06%
The company provides investment management and trust services to individuals and businesses, generating non-interest income through fees on wealth management and trust services.
FULT
2nd
Fulton Financial
$4.52Bn
23.67
+1.37%
+33.88%
The company has a dedicated wealth management business line that generates fee-based income from wealth management fees and trust activities for its customers.
UCB
2nd
United Community Banks
$4.43Bn
36.98
-0.54%
+23.84%
The firm earns wealth management commissions and trust and advisory fees by managing investment portfolios for high net worth individuals and institutional investors.
TCBI
2nd
Texas Capital Bancshares
$4.42Bn
101.67
+2.78%
+20.29%
The firm provides investment advisory, private wealth management, and trust services to high-net-worth individuals and retail clients.
NNI
2nd
Nelnet
$4.41Bn
122.35
-2.84%
-6.92%
Through its Asset Generation and Management segment, Nelnet manages loan portfolios and residual interests, earning asset management fees and net interest income on these investments.
PIPR
2nd
Piper Sandler Companies
$4.37Bn
64.67
-1.33%
-23.80%
The company manages alternative asset management funds in merchant banking and healthcare, earning asset management fees from these pooled strategies.
FFIN
2nd
First Financial Bankshares
$4.32Bn
30.17
-0.53%
-5.27%
The company offers trust, wealth management, and investment management services through its subsidiaries, earning fees from these activities.
CATY
2nd
Cathay General Bancorp
$4.30Bn
64.30
+0.09%
+39.36%
The company operates a wealth management division that generates fee income through the distribution of mutual funds and the provision of investment services to individual and institutional investors.
FHI
Federated Hermes
$4.26Bn
56.82
-1.49%
+13.16%
Federated Hermes is a global leader in active investing with $902.6 billion in assets under management, generating revenue primarily from investment advisory fees. It manages a wide range of products including Federated Hermes Funds, separately managed accounts, and institutional accounts for a diverse client base of institutions and retail investors.
IBOC
2nd
International Bancshares
$4.15Bn
66.66
-0.79%
+0.11%
The Merchant Banking segment engages in private equity-style activities, making equity and debt investments in portfolio companies through entities like WCMH, LLC and Diamond Beach Holdings, LLC.
LAZ
2nd
Lazard
$4.11Bn
37.21
-0.32%
-24.25%
The company manages investment portfolios across equity, fixed income, and asset allocation strategies for institutional and private wealth clients. It generates revenue through asset management fees calculated as a percentage of assets under management.
IEP
2nd
Icahn Enterprises
$4.09Bn
5.76
-6.04%
-29.67%
The Investment segment consists of private investment funds that act as activist investors, acquiring securities in undervalued companies to unlock value through management and operational changes.
CVBF
2nd
Cvb Financial
$4.04Bn
22.92
-0.56%
+22.90%
The company provides wealth management and investment services through its CitizensTrust division, earning fee-based income from managing assets for clients.
WSFS
2nd
Wsfs Financial
$4.04Bn
79.02
+1.95%
+49.66%
The company has a dedicated Wealth and Trust segment that provides investment management and institutional trust services to high-net-worth individuals and institutional clients.
INDB
2nd
Independent Bank
$3.99Bn
83.72
+0.35%
+22.88%
The company operates investment management offices and generates non-interest revenue from fiduciary and investment advisory fees.
RNST
2nd
Renasant
$3.80Bn
41.60
+0.39%
+20.44%
The company operates a Wealth Management segment through Park Place Capital, providing investment advisory and management services for mutual funds, personal trusts, and retirement plans.
WSBC
2nd
Wesbanco
$3.74Bn
39.05
-0.20%
+27.24%
The company has a dedicated trust and investment services segment that manages approximately 7.9 billion dollars in assets, earning asset management fees through Wesbanco Asset Management and the WesMark Funds family.
CNS
Cohen & Steers
$3.65Bn
71.04
-1.43%
+0.47%
Cohen & Steers is a global investment manager that manages portfolios across open-end funds, closed-end funds, and ETFs. It generates revenue through investment advisory and management fees based on assets under management (AUM) for both institutional and individual investors.
NIC
2nd
Nicolet Bankshares
$3.61Bn
171.25
+0.91%
+35.85%
The company provides wealth management, trust services, and investment advisory services, generating revenue from trust and brokerage fees.
FIBK
2nd
First Interstate Bancsystem
$3.51Bn
36.78
-0.27%
+17.73%
The company provides wealth management services, including investment management and trust administration, for which it earns asset management fees.
FFBC
2nd
First Financial Bancorp
$3.43Bn
32.64
+0.52%
+34.21%
The company has a wealth management division that provides trust and investment advisory services to high-net-worth individuals, families, and institutions.
SFNC
2nd
Simmons First National
$3.37Bn
23.31
-0.04%
+31.10%
The company has a dedicated Wealth segment that manages investment accounts and provides trust and investment services for individuals and corporate benefit plans.
MCHB
2nd
Mechanics Bancorp
$3.36Bn
15.17
-0.13%
+12.12%
The company provides wealth management and trust services, including investment management for private banking clients through its wealth management department.
PRK
2nd
Park National
$3.30Bn
182.88
-0.20%
+16.42%
The company provides wealth management and fiduciary services to individuals and institutions, generating $33.9 million from fiduciary activities.
CBU
2nd
Community Financial System
$3.28Bn
62.38
+0.08%
+10.23%
The Wealth Management Services segment, including Nottingham Trust and Wealth Partners, manages investment products such as stocks, bonds, and mutual funds, earning asset management charges and advisory fees.
AAMI
Acadian Asset Management
$3.28Bn
92.32
-0.52%
+95.84%
Acadian Asset Management manages approximately $178 billion in assets for institutional investors, including pension funds and sovereign wealth funds. Its revenue is primarily generated from investment management fees charged on separate accounts and commingled funds.
AB
Alliancebernstein Holding
$3.25Bn
34.93
-0.60%
-11.14%
Alliancebernstein is a global investment management firm that manages portfolios for institutions, retail investors, and private wealth clients. Its primary revenue is generated from investment advisory and services fees calculated as a percentage of its $867 billion in assets under management.
SBCF
2nd
Seacoast Banking Corp Of Florida
$3.25Bn
33.56
-0.24%
+11.42%
The company provides wealth management and trust services through seven affiliated trusts, earning fee-based income from these activities.
OAK-PA
Brookfield Oaktree Holdings
$3.23Bn
20.13
+0.20%
-9.12%
The company manages pooled alternative investment capital across credit, real estate, and equity strategies, including private debt funds and corporate private equity. It serves institutional investors such as pension funds and sovereign wealth funds, operating as a leader in the alternative asset management space alongside firms like Blackstone and KKR.
WT
WisdomTree
$3.21Bn
21.19
-0.14%
+72.00%
WisdomTree creates and manages exchange traded funds (ETFs) and exchange traded products (ETPs) across equities, commodities, and fixed income. Its primary revenue is generated from advisory fees calculated as a percentage of assets under management (AUM) for these pooled investment vehicles.
GBDC
2nd
Golub Capital Bdc
$3.15Bn
12.12
-0.57%
-14.41%
The company is externally managed by its affiliate, Golub Capital, which is described as a leading middle market lender with over $85 billion of capital under management. This affiliate provides the deal flow and credit expertise typical of an alternative asset manager.
FHB
2nd
First Hawaiian
$3.08Bn
25.34
-3.02%
+7.06%
The company provides wealth management and trust services to its customers, generating fee-based revenue from these investment management activities.
HTGC
2nd
Hercules Capital
$3.07Bn
16.40
-0.61%
-7.03%
The company earns management and advisory fees through its subsidiary, Hercules Adviser LLC, which provides investment advisory services to third-party funds, matching the profile of an alternative asset manager.
AGO
2nd
Assured Guaranty
$3.06Bn
69.42
-1.11%
-15.84%
Through its ownership interest in Sound Point LP, the company manages pooled alternative investment capital across strategies like CLOs, private credit, and structured credit for institutional clients, earning management fees.
PFS
2nd
Provident Financial Services
$3.03Bn
23.22
+0.48%
+25.38%
The company provides fiduciary and wealth management services through Beacon Trust Company and Beacon Investment Advisory Services, earning asset management fees based on assets under management.
BANC
2nd
Banc Of California
$2.83Bn
17.92
+0.96%
+8.34%
The company generates revenue from wealth management offerings provided to high-net-worth individuals and professionals.
BOH
2nd
Bank Of Hawaii
$2.79Bn
70.64
+0.47%
+13.39%
The company provides wealth management services to retail clients through its Consumer Banking segment, earning fee-based income from these activities.
NBTB
2nd
Nbt Bancorp
$2.75Bn
52.87
+0.15%
+31.09%
The company provides wealth management, trust and investment services, and financial planning, earning noninterest income through wealth management fees.
APAM
Artisan Partners Asset Management
$2.72Bn
33.57
-2.41%
-22.44%
Artisan Partners manages investment portfolios across equity and fixed income for institutional and high-net-worth clients, earning revenue primarily from management fees based on assets under management. The company operates pooled vehicles like Artisan Funds and Artisan Global Funds, which are characteristic of traditional asset management.
SII
Sprott
$2.71Bn
105.14
-1.10%
+29.15%
Sprott operates as a specialized asset management firm managing investment portfolios including closed-end physical trusts, ETFs, and discretionary managed accounts. It generates the majority of its revenue through management fees earned from assets under management (AUM).
TRMK
2nd
Trustmark
$2.70Bn
46.31
-0.09%
+21.74%
The company has a dedicated Wealth Management Segment that manages investment and individual retirement accounts for individuals and charitable foundations, earning fees for these management services.
BBAR
2nd
Banco BBVA Argentina
$2.69Bn
13.16
+5.36%
+30.17%
The company operates BBVA Asset Management Argentina, which manages mutual funds and other investment products for clients.
FBK
2nd
FB Financial
$2.67Bn
53.45
-0.32%
-2.07%
The firm provides trust and investment services to high net worth individuals and institutional investors, earning trust and investment service fees and wealth management fees.
AKR
2nd
Acadia Realty Trust
$2.58Bn
18.78
+0.00%
-5.53%
The company operates an Investment Management segment that manages institutional capital through strategic opportunity funds (Fund 2, 3, 4, and 5) and earns management fees and incentive income.
FRME
2nd
First Merchants
$2.53Bn
40.68
-0.34%
+11.70%
Through its Private Wealth Advisors division, the company provides investment management and fiduciary services to high-net-worth individuals, earning investment management charges.
BUSE
2nd
First Busey
$2.52Bn
30.33
-0.98%
+30.85%
The Wealth Management segment manages $15.66 billion in assets under care, providing investment management and fiduciary services to individuals, businesses, and foundations.
BBT
2nd
Beacon Financial
$2.52Bn
30.06
+0.47%
+24.58%
Through Clarendon Private and its Trust and Investments Division, the company manages investment portfolios and provides wealth management services to individuals, families, endowments, and foundations.
USO
United States Oil Fund
$2.51Bn
169.54
+4.34%
+131.33%
United States Oil Fund, LP operates as a commodity pool that manages an investment portfolio of oil futures contracts and related instruments on behalf of its shareholders. Its core activity is deciding how to invest capital to track the daily percentage changes in the spot price of light, sweet crude oil.
GCMG
GCM Grosvenor
$2.51Bn
12.37
-1.98%
+6.09%
GCM Grosvenor is an alternative asset manager that manages pooled capital across private equity, infrastructure, real estate, alternative credit, and absolute return strategies. Its revenue model is based on management fees and incentive fees earned from these illiquid and non-public strategies.
SYBT
2nd
Stock Yards Bancorp
$2.43Bn
78.32
-0.31%
+17.99%
The company has a dedicated Wealth Management and Trust segment that provides investment management for high net worth individuals, foundations, and endowments, earning revenue primarily from assets under management fees.
NTB
2nd
Bank of N.T. Butterfield & Son
$2.39Bn
59.92
-0.68%
+43.52%
The company operates a wealth management business that provides investment management and advisory services for high net worth individuals, family offices, and institutional clients, earning fee income from these activities.
DBRHP
DigitalBridge
$2.32Bn
12.35
+2.92%
-43.45%
DigitalBridge is an investment manager that manages pooled alternative investment capital, specifically private equity and private credit, focused on digital infrastructure. It generates revenue through management fees, incentive fees, and carried interest from funds it sponsors, serving institutional investors like sovereign wealth funds and pensions.
MBIN
2nd
Merchants Bancorp
$2.25Bn
48.97
-0.18%
+52.84%
The company operates a registered investment advisor that manages affordable housing equity funds and deploys third-party capital into assets originated by its lending desk.
EFSC
2nd
Enterprise Financial Services
$2.22Bn
61.35
+0.56%
+12.82%
The company has a dedicated Wealth Management segment that provides investment management and customized investment strategies for individual and institutional clients, earning fee income from these activities.
WAFD
2nd
Wafd
$2.18Bn
29.47
+0.10%
+1.69%
The company operates WaFd Wealth, Inc., which provides personalized financial guidance and investment services to clients.
OFG
2nd
Ofg Bancorp
$2.17Bn
51.27
-0.25%
+30.89%
The Wealth Management segment provides investment advisory activities and earns fees from trust and retirement plan services.
FCF
2nd
First Commonwealth Financial
$2.13Bn
21.10
+0.19%
+30.17%
The company provides trust and wealth management services, generating fee revenue from these activities for its retail and institutional clients.
SRCE
2nd
1St Source
$2.10Bn
87.29
+0.13%
+48.25%
The company provides trust and wealth advisory services, generating fee-based income from investment advisory and retirement plan administration for individual, estate, and corporate clients.
CHCO
2nd
City Holding
$1.99Bn
142.01
-0.97%
+15.98%
The company provides wealth and investment management services, generating revenue from wealth management asset-based charges.
GABC
2nd
German American Bancorp
$1.91Bn
50.84
-0.55%
+31.78%
The company's Wealth Management segment manages investment portfolios and provides investment advisory services for high-net-worth individuals and retirees, earning management and advisory fees.
DCOM
2nd
Dime Commercial Bancshares
$1.89Bn
42.75
+0.59%
+55.85%
Dime Financial Services LLC provides investment products and services to individual and business clients specifically for wealth management and retirement planning assistance.
PAX
Patria Investments
$1.87Bn
11.74
-1.34%
-19.53%
Patria Investments is a global alternative investment firm managing pooled capital across private equity, infrastructure, and credit strategies. Its revenue model is based on management fees and performance/incentive fees from institutional and high-net-worth investors.
PORT-UN
Southport Acquisition
$1.83Bn
9.92
+0.00%
—
Southport Acquisition Corp. II is a blank check company (SPAC) whose core activity is identifying and acquiring a business, effectively managing capital to invest in a private target. This aligns with the Alternative Asset Managers category as it involves the deployment of institutional capital into non-public strategies to realize gains.
STBA
2nd
S&T Bancorp
$1.78Bn
50.52
-0.41%
+39.14%
The company provides wealth management and trust services for individual investors, families, and endowments, managing $2.1 billion in assets under administration and earning wealth management fees.
DJT
2nd
Trump Media & Technology
$1.78Bn
6.40
-3.18%
-59.75%
Through its Truth.Fi brand, the company manages investment portfolios via separately managed accounts and exchange-traded funds (ETFs) such as TSSD and TSFN, earning management fees from these activities.
CNOB
2nd
ConnectOne Bancorp
$1.77Bn
32.69
-0.40%
+35.76%
The company generates noninterest revenue through the provision of wealth management and financial advisory services to its clients.
FSUN
2nd
Firstsun Capital Bancorp
$1.76Bn
39.81
+0.71%
+0.45%
Through Sunflower Wealth Advisors LLC, the company provides discretionary investment management to retail and institutional clients, earning asset-based fees.
BY
2nd
Byline Bancorp
$1.73Bn
38.39
+1.21%
+44.05%
The company provides trust and wealth management services to foundations, endowments, and high net worth individuals, with $823.2 million in assets under administration.
NBHC
2nd
National Bank Holdings
$1.73Bn
38.88
-0.18%
+5.85%
Through its BOJHT segment, the company manages investment portfolios for individuals, trusts, endowments, and charities, with approximately $1.3 billion in assets under management.
QCRH
2nd
Qcr Holdings
$1.69Bn
103.37
+0.32%
+40.14%
The company provides trust and asset management services through its banking subsidiaries, generating revenue from trust fees and investment advisory and management fees.
BFC
2nd
Bank First
$1.63Bn
147.34
+1.36%
+14.57%
The company derives additional revenue from fees for wealth management and investment services provided to its clients.
LOB
2nd
Live Oak Bancshares
$1.63Bn
35.12
-1.84%
+4.80%
The company operates Live Oak Private Wealth, which provides investment advisory services to clients.
PGY
2nd
Pagaya Technologies
$1.59Bn
19.08
-0.73%
-35.37%
The company generates returns from capital deployed through financing vehicles that purchase loans, managing these assets for institutional investors such as pension funds, sovereign wealth funds, and asset management firms.
AMAL
2nd
Amalgamated Financial
$1.51Bn
50.50
+0.38%
+83.97%
The company has a dedicated Trust and Investment Management segment that manages index and actively managed funds for institutional clients such as pension funds, foundations, and endowments.
INVA
2nd
Innoviva
$1.50Bn
20.66
-1.90%
+13.14%
The company maintains a 'Strategic Investments' segment where it holds equity stakes in various healthcare and biotech companies, such as Armata Pharmaceuticals and InCarda Therapeutics, to generate financial returns through appreciation or strategic exits.
TMP
2nd
Tompkins Financial
$1.45Bn
101.10
+0.15%
+56.43%
The company has a dedicated wealth management segment under the Tompkins Financial Advisors brand that provides investment management and trust services for individual and institutional investors, earning asset-based management fees.
LKFN
2nd
Lakeland Financial
$1.45Bn
58.39
-1.67%
-3.71%
The bank provides wealth advisory and trust services, earning fee income from managing investment portfolios for its retail customer base.
BHRB
2nd
Burke & Herbert Financial Services
$1.43Bn
70.70
-1.44%
+15.94%
The company generates revenue from wealth management fees and provides wealth and trust services to its clients.
WABC
2nd
Westamerica Bancorporation
$1.41Bn
61.38
-0.87%
+29.96%
The company provides trust and wealth management services that generate fee income, managing investment portfolios for its clients.
PEBO
2nd
Peoples Bancorp
$1.37Bn
38.20
+0.03%
+31.45%
The company provides trust and investment services, wealth management, and the administration of employee benefit plans for its clients.
FMBH
2nd
First Mid Bancshares
$1.35Bn
50.74
+0.24%
+38.82%
Through First Mid Wealth Management Company, the firm provides asset management, investment management, and investment advisory services for individual and business clients.
PWP
2nd
Perella Weinberg Partners
$1.34Bn
12.38
-2.98%
-36.15%
The firm has a dedicated Private Funds Advisory and Private Capital Placement business that supports fundraising and investor relations for private equity and other alternative funds.
HBT
2nd
HBT Financial
$1.32Bn
36.24
+0.00%
+47.50%
The company provides wealth management and trust services, earning non-interest income from wealth management and trust fees.
CTBI
2nd
Community Trust Bancorp
$1.28Bn
70.50
-0.83%
+35.08%
Through the Community Trust and Investment Company subsidiary, the firm provides trust and wealth management services, acting as an investment agent and trustee for personal and employee benefit trusts.
ASST
Strive
$1.27Bn
28.97
-0.21%
+67.65%
Strive operates as an institutional asset manager with over 2.4 billion dollars in assets under management, generating recurring fee-based revenue tied to its AUM. Its core activity involves managing a bitcoin treasury strategy and deploying capital to maximize long-term stockholder value.
OSBC
2nd
Old Second Bancorp
$1.24Bn
24.43
-1.13%
+36.79%
The company provides wealth management and trust services through its subsidiary River Street Advisors LLC, earning asset under administration charges and investment advisory fees.
HFWA
2nd
Heritage Financial
$1.19Bn
29.15
+2.21%
+26.46%
The company generates revenue from wealth management fees and offers wealth management services as part of its product suite to business owners and retail customers.
OCFC
2nd
Oceanfirst Financial
$1.17Bn
16.71
+0.54%
-8.14%
The bank provides trust and fiduciary services that manage assets for clients, earning fee income from these activities.
AMTB
2nd
Amerant Bancorp
$1.17Bn
29.85
+0.61%
+75.69%
The company provides wealth management and fiduciary services to high net worth individuals, managing 3.3 billion in assets under management and custody.
UVSP
2nd
Univest Financial
$1.16Bn
42.14
-0.33%
+41.93%
The company operates a wealth management segment through Girard Advisory Services LLC, which earns investment advisory fees by managing portfolios for individual and institutional clients.
FETH
Fidelity Ethereum Fund
$1.14Bn
23.82
+0.38%
-38.18%
The company operates as a statutory trust that manages an investment portfolio of ether on behalf of clients, charging an annual sponsor fee of 0.25% on assets under management. Its core activity is providing a regulated investment vehicle for investors to gain exposure to the price performance of a specific asset.
WD
2nd
Walker & Dunlop
$1.14Bn
34.14
-1.67%
-60.53%
Through its subsidiary Walker & Dunlop Investment Partners, Inc., the company manages investment funds and earns asset management fees from invested capital.
OPY
2nd
Oppenheimer Holdings
$1.08Bn
101.08
-0.83%
+46.92%
Through Oppenheimer Asset Management Inc., the firm manages separately managed accounts and mutual fund advisory programs, earning fees based on assets under management.
CFFN
2nd
Capitol Federal Financial
$1.06Bn
8.40
+0.84%
+34.19%
The company generates fee-based income through its trust and wealth management activities and private banking offerings for high net worth individuals.
HBNC
2nd
Horizon Bancorp
$1.05Bn
20.37
+1.90%
+30.58%
The company has a wealth management division that earns fees from asset management services provided to individual and institutional clients.
EQBK
2nd
Equity Bancshares
$1.01Bn
48.84
+0.64%
+20.41%
The company generates fee income from wealth management services, specifically providing investment management and trust services to its clients.
CAC
2nd
Camden National
$977.33Mn
57.84
-0.03%
+57.65%
Through Camden National Wealth Management, the company provides investment advisory, trust, and asset management services to individual and institutional clients.
CPF
2nd
Central Pacific Financial
$973.16Mn
37.71
+0.05%
+30.89%
The bank provides fiduciary and investment management services, which are described as integrated wealth management services to meet the comprehensive financial needs of its clients.
RPC
Ridgepost Capital
$953.54Mn
8.69
-2.14%
-17.40%
Ridgepost Capital manages pooled alternative investment capital across private equity, venture capital, and private credit for institutional investors and high-net-worth individuals. Its revenue model is based on management and advisory fees earned on committed capital, which is characteristic of alternative asset managers.
TRST
2nd
Trustco Bank Corp N Y
$948.96Mn
55.73
+0.47%
+50.95%
The company generates fee income from trust and investment management services and wealth management services provided to its customers.
SBSI
2nd
Southside Bancshares
$946.70Mn
31.76
+0.35%
+14.99%
The company has a wealth management and trust division that provides investment management and manages retirement account options like IRAs and 401(k) plans for clients.
BFST
2nd
Business First Bancshares
$938.44Mn
31.80
-0.44%
+35.90%
The company generates fee income from wealth management services provided to high net worth individuals and business owners.
FMNB
2nd
Farmers National Banc
$929.36Mn
15.69
+0.19%
+16.92%
The Trust segment provides investment advisory services and fund management for institutional clients, retirees, and affluent individuals, earning wealth management fees.
FCBC
2nd
First Community Bankshares
$917.53Mn
48.54
-1.32%
+47.00%
The company operates a Trust and Wealth Management segment through First Community Wealth Management Inc., managing $1.75 billion in assets under fee-based arrangements and earning investment advisory fees.
ORRF
2nd
Orrstown Financial Services
$871.18Mn
44.29
-0.07%
+29.73%
Through Orrstown Financial Advisors, the company manages $3.1 billion in assets under management, providing investment advisory and fiduciary services for individual and institutional clients.
MPB
2nd
Mid Penn Bancorp
$867.49Mn
34.26
+1.12%
+18.51%
The company provides trust and retail investment services and owns Cumberland Advisors, Inc., a registered investment advisory firm with $3.2 billion in assets under management.
CCBG
2nd
Capital City Bank
$864.62Mn
50.53
+0.08%
+24.21%
Through Capital City Trust Company, the firm provides asset management services for individuals and institutions, earning advisory fees.
KFII
K&F Growth Acquisition
$840.86Mn
10.71
-0.09%
+4.08%
K&F Growth Acquisition Corp. Ii is a special purpose acquisition company (SPAC) that raises capital to acquire an operating business. This activity of managing pooled capital for the purpose of a private equity-style acquisition of a business fits the profile of an alternative asset manager.
HBIA
2nd
Hills Bancorporation
$815.52Mn
46.77
+0.02%
+20.57%
The company earns fee income from trust and investment advisory services, indicating it manages investment portfolios on behalf of clients.
VINP
Vinci Compass Investments
$814.35Mn
11.49
+0.26%
+2.50%
Vinci Compass is a leading alternative asset manager managing pooled capital in illiquid and non-public strategies, including Private Equity, Real Assets (infrastructure, forestry), and Private Credit. It generates revenue from management fees and performance-related earnings (carried interest) from these alternative strategies.
ABX
Abacus Global Management
$812.65Mn
8.31
-2.58%
+49.73%
Abacus Global Management manages alternative investment funds and exchange traded funds, earning base management fees and performance fees on assets under management. Its core business involves managing pooled alternative capital specifically in the life settlement market and free cash flow equity strategies for institutional and private clients.
SPFI
2nd
South Plains Financial
$810.46Mn
43.02
-2.07%
+12.77%
The company provides investment and trust services, managing approximately $435 million in trust assets and $684.4 million in investment assets under management for fee income.
ALRS
2nd
Alerus Financial
$805.54Mn
32.24
+0.19%
+52.43%
The company manages investment portfolios through its Wealth segment, offering proprietary strategies like Dimension and Blueprint for IRAs, foundations, and endowments.
PGC
2nd
Peapack Gladstone Financial
$805.38Mn
45.43
+0.53%
+73.07%
The company has a dedicated Wealth Management segment that provides investment management and fiduciary services to high net worth individuals and foundations, managing $13.1 billion in assets.
FISI
2nd
Financial Institutions
$799.68Mn
40.58
-0.27%
+53.25%
Through its subsidiary Courier Capital LLC, the company provides fee-based investment consulting, wealth management, and retirement plan services to high-net-worth individuals and institutions.
SMBC
2nd
Southern Missouri Bancorp
$791.85Mn
71.90
+0.14%
+38.27%
The company generates additional revenue through trust and wealth management fees offered through its subsidiaries.
VRTS
Virtus Investment Partners
$790.28Mn
119.33
-2.46%
-32.75%
Virtus Investment Partners is an asset management firm that manages investment portfolios for institutional and individual investors through open-end funds, ETFs, and separate accounts. It generates revenue primarily through asset-based fees for investment management and advisory services.
SHBI
2nd
Shore Bancshares
$766.57Mn
22.94
-1.88%
+45.47%
The company provides wealth management and trust administration services, earning fees for managing investment portfolios and assets for its clients.
WASH
2nd
Washington Trust Bancorp
$744.14Mn
39.02
-0.54%
+41.53%
Through its Wealth Management and Trust Services segment and registered investment adviser subsidiary, the company manages investment portfolios and reported 7.8 billion dollars of assets under administration.
BUR
2nd
Burford Capital
$733.41Mn
3.34
-0.60%
-68.49%
The company manages legal finance assets on behalf of third-party investors through its Asset Management and Other Services segment. It operates a private fund platform via its SEC-registered investment adviser, BCIM, managing $3.2 billion in assets across private and sidecar funds.
TIGR
2nd
UP Fintech Holding
$714.17Mn
4.04
-0.49%
-60.20%
The company offers wealth management services and provides access to mutual funds and structured notes, earning wealth management fees.
PFIS
2nd
Peoples Financial Services
$707.53Mn
70.68
-0.35%
+49.90%
The company operates trust and wealth management operations, generating fee income from managing investment portfolios for its clients.
CNNE
Cannae Holdings
$706.88Mn
16.30
-0.97%
-11.84%
Cannae Holdings operates as a holding company that acquires and actively manages interests in operating companies, positioning itself as a competitor to alternative asset managers like Blackstone and KKR. Its JANA segment specifically earns management and performance-based fees from investment funds that pursue shareholder activism and undervalued public companies.
CIM
2nd
Chimera Investment
$705.69Mn
8.43
-0.12%
-34.85%
The company operates an Investment Management and Advisory Services Segment that provides discretionary and non-discretionary management to institutional clients like insurance companies and credit funds. It earns management fees and expects incentive-based income from these pooled alternative investment strategies.
CWBC
2nd
Community West Bancshares
$704.32Mn
25.96
-1.26%
+24.03%
Through its Private Banking and Cash Management Division, the company provides specialized investment advisory services to high-net-worth individuals.
PURR
Hyperliquid Strategies
$700.42Mn
8.78
+1.15%
—
The company name 'Hyperliquid Strategies' strongly implies a focus on liquid alternative investment strategies, which typically fall under alternative asset management. Given the lack of operational detail in the profile beyond its role in a business combination, this is the closest fit within the Financial Services sector based on the company's nomenclature.
NRDS
2nd
Nerdwallet
$698.20Mn
10.93
-2.06%
-5.53%
The company provides personalized financial guidance and investment advisory services through its NerdWallet Advisory subsidiary.
MSBI
2nd
Midland States Bancorp
$683.54Mn
32.98
+0.06%
+101.84%
The company has a dedicated Wealth Management segment that manages investment portfolios and provides trust and investment management services, earning fees on approximately $4.48 billion in assets under administration.
RRBI
2nd
Red River Bancshares
$680.00Mn
103.27
+0.53%
+55.95%
The company operates a brokerage division with $1.33 billion of assets under management, which contributes fee-based income to the company's total revenue.
BHB
2nd
Bar Harbor Bankshares
$678.03Mn
40.47
+2.51%
+35.31%
The company manages investment portfolios for individuals, estates, and foundations through its wealth management and trust services division, which reported $3.0 billion in assets under management at year end 2025.
ACNB
2nd
Acnb
$665.32Mn
65.42
+0.05%
+42.93%
ACNB Bank provides trust and investment services through ACNB Wealth Management, earning fees for managing these portfolios.
ACGP
Associated Capital
$664.35Mn
31.45
+0.00%
-14.00%
The company provides alternative investment management services, specifically managing assets in merger arbitrage, event-driven value, and absolute return strategies. It generates revenue through management and incentive fees from these alternative strategies for institutional and high-net-worth investors.
DMII
Drugs Made In America Acquisition
$649.10Mn
10.19
-0.10%
—
The company is a Special Purpose Acquisition Company (SPAC) whose sole purpose is to identify and execute a business combination using pooled capital from an IPO and private placement. This activity of managing pooled capital for the purpose of acquiring private businesses aligns with the operational model of alternative asset managers.
JACS
Jackson Acquisition
$640.92Mn
10.83
+0.00%
+3.93%
Jackson Acquisition Co II is a SPAC (blank check company) whose sole current activity is identifying and evaluating a target business for acquisition. This operational model of pooling capital to invest in a private business combination aligns with the activities of alternative asset managers who manage pooled capital for investment in non-public strategies.
AROW
2nd
Arrow Financial
$634.84Mn
38.37
+0.58%
+41.85%
The company operates a registered investment adviser that earns fees for providing advisory and asset management services to clients.
LPAAU
Launch One Acquisition
$632.50Mn
11.00
+0.00%
+2.33%
Launch One Acquisition Corp is a SPAC, which functions as a pooled investment vehicle designed to acquire a target business. Its current activity is managing capital from public shareholders and private placements to execute a business combination, which aligns with the alternative asset management model of deploying capital into non-public strategies.
NMFC
2nd
New Mountain Finance
$630.00Mn
6.67
-0.74%
-29.64%
The company is externally managed by New Mountain Finance Advisers LLC, a subsidiary of New Mountain Capital Group LP, which is described as a global investment firm managing approximately sixty billion dollars of assets in middle market private equity and credit strategies.
FPH
2nd
Five Point Holdings
$624.63Mn
4.22
-6.64%
-30.71%
Through its Hearthstone segment, the company operates a residential asset management platform that manages land banking funds for institutional investors, such as state employee pension plans and private equity firms, earning management and performance fees.
LPBB
Launch Two Acquisition
$621.00Mn
10.80
+0.09%
+2.86%
Launch Two Acquisition Corp. is a Special Purpose Acquisition Company (SPAC) designed to raise capital to identify and acquire a target business. This activity of managing pooled capital for the purpose of a private equity-style acquisition of a business aligns with the Alternative Asset Managers category.
FBIZ
2nd
First Business Financial Services
$606.12Mn
72.43
-0.10%
+45.59%
The company provides private wealth management services, including investment management and trust and estate administration, for high net worth individuals.
ALFUU
Centurion Acquisition
$604.96Mn
11.05
+0.00%
+0.45%
Centurion Acquisition Corp. is a blank check company (SPAC) whose core activity is identifying, evaluating, and executing a business combination with a target company. This operational model of pooling capital to acquire and manage a private business is characteristic of alternative asset management and private equity strategies.
KRNY
2nd
Kearny Financial
$600.57Mn
9.30
+0.32%
+41.55%
The company generates revenue from income derived from wealth management and related services offered through its subsidiaries.
HCAC
Hall Chadwick Acquisition
$591.54Mn
10.13
+0.00%
—
Hall Chadwick Acquisition Corp is a blank check company (SPAC) whose sole purpose is to identify and execute a business combination, merger, or asset acquisition. This activity of pooling capital to acquire private businesses is functionally equivalent to the strategies of private equity and buyout funds described in the Alternative Asset Managers category.
CIVB
2nd
Civista Bancshares
$588.27Mn
28.29
+0.50%
+32.94%
The company generates wealth management advisory fees through its Civista Wealth Management division, providing personalized financial services to its clients.
AXIN
Axiom Intelligence Acquisition Corp 1
$566.06Mn
10.38
+0.10%
+3.39%
Axiom Intelligence Acquisition Corp 1 is a Special Purpose Acquisition Company (SPAC), which functions as a pooled investment vehicle designed to acquire a private business. Its core activity is managing capital raised from public and private investors to execute a business combination, matching the profile of an alternative asset manager focused on private equity-style acquisitions.
MTC
2nd
Mmtec
$543.75Mn
5.46
+0.55%
+557.83%
MMTEC engages in MOM (Manager of Managers) fund management, which involves making investment decisions and managing portfolios for clients.
ABTC
2nd
American Bitcoin
$536.83Mn
7.51
-5.53%
-90.09%
The company operates a 'Scale the Reserve' segment that focuses on accumulating Bitcoin as a core strategic asset and managing a reserve of approximately 6,963 Bitcoin to enhance stockholder value, functioning as an alternative asset manager of digital reserves.
ITIC
2nd
Investors Title
$531.91Mn
281.73
-2.20%
+6.51%
Through its 'All Other' segment, the company provides investment management services and trust services that administer assets for individuals, corporations, and banks, earning asset-based management fees.
WTBA
2nd
West Bancorporation
$518.81Mn
30.44
+0.46%
+48.34%
The company provides trust services, which involve managing investment portfolios and assets for clients in exchange for fee income.
OBT
2nd
Orange County Bancorp
$513.66Mn
38.31
+0.16%
+56.50%
The company provides asset management and investment advisory services for individuals, trusts, and retirement plans through its subsidiary Orange Investment Advisors, Inc. and its trust department, earning fee-based revenue for managing these portfolios.
COFS
2nd
Choiceone Financial Services
$512.20Mn
34.26
+0.38%
+24.90%
The company has a dedicated trust and wealth management division that manages assets and provides investment advisory services for individuals and institutional clients.
CZNC
2nd
Citizens & Northern
$497.89Mn
27.75
+4.17%
+44.23%
The trust department provides asset management and 401(k) plan administration, earning fees based on assets under management.
GLRE
2nd
Greenlight Capital Re
$496.51Mn
15.10
-1.31%
+23.87%
The company's Innovations segment makes strategic investments in startup companies and managing general agents, and it employs a differentiated value-oriented investment strategy for its managed portfolios.
EVAC
EQV Ventures Acquisition
$485.44Mn
10.34
+0.19%
+3.09%
The company is a Special Purpose Acquisition Company (SPAC) that functions as a pooled investment vehicle designed to acquire a target business. It competes directly with private equity groups and leveraged buyout funds, and its core activity is the deployment of capital into a non-public strategy to realize gains through a business combination.
SBXDF
SilverBox Corp IV
$484.35Mn
10.55
+0.00%
+0.00%
SilverBox Corp IV is a special purpose acquisition company (SPAC) that functions as a pooled investment vehicle to acquire and manage a business combination. Its core activity is the sourcing, structuring, and execution of a business combination, which aligns with the activities of alternative asset managers focusing on private equity and buyout strategies.
ELE
Elemental Royalty
$476.01Mn
15.88
-0.69%
+0.83%
Elemental Royalty operates as an alternative asset manager specializing in mining royalties and streaming, managing a portfolio of 256 assets to generate passive income for its investors. It earns revenue through royalty and streaming payments from mining operators like Lundin Mining and Northern Star Resources, fitting the profile of a firm managing illiquid, real-asset strategies.
TWLV
Twelve Seas Investment Co III
$472.03Mn
10.07
+0.00%
—
Twelve Seas Investment Co III is a special purpose acquisition company (SPAC) that manages pooled capital from public and private investors to acquire a target business. Its core activity is identifying and executing a business combination, which aligns with the management of alternative investment capital for the purpose of acquiring private or public enterprises.
NOAH
Noah Holdings
$455.95Mn
6.80
-3.27%
-41.18%
Noah Holdings operates a wealth management business that distributes investment products and provides advisory services to high net worth individuals, contributing 69.2% of total net revenues in 2024. This includes distributing mutual funds and private secondary products through Noah Upright and ARK Wealth Management.
PLMK
Plum Acquisition Corp. IV
$453.94Mn
10.62
+0.02%
+1.55%
Plum Acquisition Corp IV is a special purpose acquisition company (SPAC) whose sole purpose is to identify and acquire a private business through a merger or asset acquisition. This activity of managing pooled capital to invest in non-public strategies aligns with the description of alternative asset managers.
PBFS
2nd
Pioneer Bancorp
$452.62Mn
18.22
-0.92%
+38.87%
Through Pioneer Financial Services, Inc., the company manages $1.4 billion in assets under management and provides investment advice and retirement planning.
BMRC
2nd
Bank of Marin Bancorp
$439.03Mn
27.11
-0.84%
+15.41%
The company has a dedicated Wealth Management and Trust Services segment that provides investment management and fiduciary services to individuals, families, and institutions.
FAC
Factorial Energy
$434.51Mn
4.06
-7.31%
-59.80%
Cartesian Growth Corp III is a SPAC that functions as a pooled investment vehicle, deploying capital raised via IPO to acquire private companies. Its core activity is managing this capital to execute a business combination, which aligns with the alternative asset management model of sourcing and investing in non-public strategies.
ENHA
Enhanced
$430.47Mn
1.11
-1.77%
—
The company is a Special Purpose Acquisition Company (SPAC) whose core activity is sourcing, evaluating, and executing a business combination with a target company. Its management team is specifically tasked with identifying investment opportunities and negotiating deals, which aligns with the activities of alternative asset managers focusing on private equity-style acquisitions.
HAVA
Harvard Ave Acquisition
$425.04Mn
10.27
+0.20%
—
Harvard Ave Acquisition is a special purpose acquisition company (SPAC) designed to pool capital from public and private investors to acquire a target business. This activity of managing pooled capital for the purpose of a private equity-style acquisition aligns with the Alternative Asset Managers category.
ACTG
Acacia Research
$410.84Mn
4.21
+0.72%
+17.93%
Acacia Research operates as a value-oriented acquirer and operator of businesses across public and private markets, functioning similarly to a private equity or alternative asset manager. It generates returns through the acquisition, operational improvement, and divestiture of assets in the industrial, energy, and technology sectors.
FNLC
2nd
First Bancorp
$410.10Mn
36.36
+0.53%
+43.89%
The company earns income from wealth management and advisory services, as well as fiduciary fees, indicating it manages investment portfolios for its clients.
CZFS
2nd
Citizens Financial Services
$406.77Mn
84.57
+1.49%
+52.90%
The company operates a trust and investment services division that manages assets for clients, generating revenue through investment management fees on assets under management.
CHMG
2nd
Chemung Financial
$404.43Mn
83.88
+0.95%
+63.16%
The company has a dedicated Wealth Management segment that manages $2.212 billion in assets, providing investment management and fiduciary services for fees.
VALU
2nd
Value Line
$404.27Mn
43.09
+1.70%
+12.51%
Value Line generates revenue through investment management services provided by EULAV Asset Management Trust (EAM), which acts as the adviser to the Value Line Funds.
NPAC
New Providence Acquisition Corp. III
$403.87Mn
10.52
+0.00%
+2.24%
New Providence Acquisition Corp. III is a special purpose acquisition company (SPAC) formed to identify and merge with a target business. Its core activity is managing pooled capital from public and private investors to execute a business combination, which aligns with the alternative asset management model of deploying capital into non-public strategies.
ALDF
Aldel Financial
$403.37Mn
10.98
+0.00%
+5.07%
Aldel Financial II Inc. is a blank check company (SPAC) whose sole purpose is to identify and execute a business combination, effectively acting as a vehicle for private equity-style acquisition. It competes directly with private equity groups and leveraged buyout funds to acquire a target business, which aligns with the activity of alternative asset managers who manage capital for the purpose of strategic acquisitions.
ALTI
AlTi Global
$402.33Mn
2.58
-3.37%
-31.56%
AlTi Global provides discretionary investment management and non-discretionary investment advisory services to families, foundations, and institutions. Its primary revenue is generated through recurring management and advisory fees calculated as a percentage of assets under management or advisement.
VLOS
Velos Acquisition I
$388.13Mn
10.80
+0.00%
+2.27%
The company is a Special Purpose Acquisition Company (SPAC) sponsored by M3-Brigade and MI7, which are financial entities managing pooled capital to acquire private businesses. Its core activity is the identification and acquisition of a target business (such as the proposed combination with ReserveOne Inc) using capital raised from an IPO, which aligns with the alternative asset management model of deploying capital into non-public strategies.
FDBC
2nd
Fidelity D & D Bancorp
$374.71Mn
64.51
+2.45%
+45.42%
The company provides asset management and wealth management services to individuals and businesses, earning fee-based revenue from these activities.
HKHC
Horizon Kinetics Holding
$369.90Mn
19.85
-1.73%
-37.93%
The company's primary source of revenue is advisory fee income earned from managing client accounts, including mutual funds, ETFs, and separately managed accounts. It manages specific investment vehicles such as the Inflation Beneficiaries ETF and the Paradigm Fund, making investment decisions on behalf of clients.
SDHI
Siddhi Acquisition Corp (Cayman Islands)
$367.54Mn
10.55
-0.19%
+2.43%
Siddhi Acquisition Corp is a SPAC, which functions as a pooled investment vehicle designed to acquire a private company. Its management team leverages private equity and venture capital experience to identify and execute a business combination, which aligns with the activities of alternative asset managers managing illiquid, non-public strategies.
BRBS
2nd
Blue Ridge Bankshares
$364.90Mn
4.07
+0.49%
-5.79%
Through its subsidiary BRB Financial Group, Inc., the company earns wealth management fees from trust and investment advisory activities for personal and corporate trust clients.
KCHV
Kochav Defense Acquisition
$360.05Mn
10.51
-0.10%
+4.16%
Kochav Defense Acquisition Corp. is a SPAC (blank check company) whose sole purpose is to identify and acquire a target business using pooled capital from an IPO and private placement. This activity of managing pooled capital to invest in a private company aligns with the alternative asset management model of seeking non-public strategies.
BDCI
BTC Development
$353.03Mn
10.16
+0.00%
+0.20%
BTC Development is a SPAC (blank check company) whose core activity is identifying and acquiring a target business, which is functionally equivalent to a private equity or venture capital strategy. The profile explicitly mentions its management's experience in venture capital and its goal of effecting a business combination with companies in the bitcoin ecosystem.
CFFI
2nd
C & F Financial
$348.86Mn
107.33
-0.83%
+59.72%
The company offers wealth management services via C&F Wealth Management, earning income from managing investment portfolios for its clients.
BLUW
Blue Water Acquisition Corp. III
$343.11Mn
10.40
+0.10%
+3.90%
Blue Water Acquisition Corp. III is a blank check company (SPAC) designed to identify and execute a business combination with private companies. This activity of pooling capital to acquire and manage an investment in a non-public strategy aligns with the Alternative Asset Managers category, as it functions as a vehicle for private equity-style acquisition.
CBNA
2nd
Chain Bridge Bancorp
$335.24Mn
51.09
+1.05%
+62.71%
The company offers wealth management and investment advisory services, generating revenue through wealth management fees.
DMAA
Drugs Made In America Acquisition
$335.24Mn
10.88
+0.00%
+5.53%
The company is a blank check company (SPAC) whose sole purpose is to raise capital to effect a merger or asset acquisition. This activity of pooling capital to acquire and invest in private businesses aligns most closely with the strategies of alternative asset managers and private equity firms described in F-11.
NMP
NMP Acquisition
$332.19Mn
10.40
-0.10%
+4.42%
NMP Acquisition is a special purpose acquisition company (SPAC) that pools capital from investors to fund a future acquisition of a private business. This activity of managing pooled capital for the purpose of acquiring private companies aligns with the alternative asset management model of private equity.
BEAG
Bold Eagle Acquisition
$329.47Mn
10.52
+0.00%
-2.14%
Bold Eagle Acquisition Corp is a special purpose acquisition company (SPAC) that raises capital to acquire an unspecified operating business. This activity of managing pooled capital for the purpose of a private equity-style acquisition of a business fits the profile of an alternative asset manager.
SZZL
Sizzle Acquisition
$328.61Mn
10.51
+0.00%
+3.44%
Sizzle Acquisition Corp. II is a special purpose acquisition company (SPAC) that functions as a pooled investment vehicle designed to identify and acquire a target business. Its revenue model and operational structure match that of an alternative asset manager/private equity vehicle, as it raises capital from public and private investors to execute a business combination.
OBA
Oxley Bridge Acquisition
$327.32Mn
10.35
+0.00%
+3.09%
Oxley Bridge Acquisition is a Special Purpose Acquisition Company (SPAC) that manages pooled capital raised via an IPO to invest in private companies. Its core activity is identifying and acquiring a target business in the consumer and technology sectors, which aligns with the alternative asset management model of deploying capital into non-public strategies.
CRAQ
Cal Redwood Acquisition
$325.79Mn
10.40
+0.00%
+3.28%
Cal Redwood Acquisition Corp is a SPAC (blank check company) whose sole purpose is to identify and acquire a target business using pooled capital. This activity aligns with alternative asset management as it involves managing a pool of capital for the purpose of a private equity-style acquisition.
KOYN
CSLM Digital Asset Acquisition Corp III
$323.78Mn
10.26
+0.10%
+2.81%
The company is a Special Purpose Acquisition Company (SPAC) whose sole purpose is to identify, negotiate, and execute a business combination with a target company. This activity of pooling capital to acquire private businesses in the digital asset and financial infrastructure space aligns with the functions of alternative asset managers who manage pooled capital for institutional and high-net-worth investors.
CCFN
2nd
Muncy Columbia Financial
$320.86Mn
30.23
+0.00%
+73.24%
The company generates noninterest income through trust department services and wealth management services provided to its clients.
RANG
Range Capital Acquisition
$320.53Mn
10.90
+0.00%
+3.51%
Range Capital Acquisition Corp. is a special purpose acquisition company (SPAC) that functions as a pooled investment vehicle designed to acquire a target business. Its business model involves using capital from public shareholders and private placements to execute a business combination, which aligns with the activities of alternative asset managers focusing on private equity and buyout strategies.
LAFA
LaFayette Acquisition
$320.24Mn
10.19
+0.00%
—
LaFayette Acquisition Corp. is a special purpose acquisition company (SPAC) designed to pool capital from investors to acquire a private business. This activity of managing pooled capital for the purpose of a private equity-style acquisition aligns with the Alternative Asset Managers category.
TVA
Texas Ventures Acquisition III
$319.20Mn
10.64
-0.09%
-4.40%
Texas Ventures Acquisition III is a special purpose acquisition company (SPAC) that raises capital to identify and acquire a target business. This activity of managing pooled capital for the purpose of a private equity-style acquisition of a business fits the profile of an alternative asset manager.
TACO
Berto Acquisition
$314.56Mn
10.48
+0.10%
-0.95%
Berto Acquisition Corp is a Special Purpose Acquisition Company (SPAC) designed to raise capital via an IPO to acquire a private operating business. This activity matches the profile of an alternative asset manager or investment vehicle that manages pooled capital for the purpose of executing a business combination/buyout.
FCCO
2nd
First Community
$311.13Mn
33.10
+0.33%
+21.38%
The bank provides investment advisory services and earns brokerage commissions through its affiliation with LPL Financial, managing investment needs for its customers.
EFTY
Etoiles Capital
$302.05Mn
15.02
+0.00%
+0.00%
Etoiles Capital provides tailored financial advisory and investor relations services, including investor engagement and corporate image promotion for firms listed on stock exchanges. Its revenue is derived from project-based and recurring fees for coordinating shareholder meetings, managing roadshows, and preparing corporate presentation materials.
ATII
Archimedes Tech SPAC Partners
$298.86Mn
10.10
+2.96%
-2.42%
The company is a Special Purpose Acquisition Company (SPAC) designed to raise capital to acquire and merge with private businesses, specifically targeting technology sectors like AI and cloud services. This activity aligns with the management of pooled alternative investment capital for the purpose of executing a business combination, similar to the strategy of private equity firms.
ATLO
2nd
Ames National
$298.49Mn
33.70
-1.00%
+62.64%
The company explicitly lists fees from wealth management services as a contributor to its income, indicating a material asset management business line for its clients.
FUNC
2nd
First United
$296.42Mn
45.93
+0.02%
+25.56%
The company has a dedicated Wealth Management segment that manages investment agency accounts and provides investment advisory services for personal and institutional clients.
ISBA
2nd
Isabella Bank
$295.16Mn
38.69
+0.03%
+9.45%
The company provides full service investment management and trust services, which generate noninterest income by managing assets for clients.
ANVI
Anvi Global Holdings
$295.08Mn
2.46
+0.00%
+0.00%
Anvi Global Holdings operates as an investment vehicle targeting acquisitions in private businesses across various sectors like mining and infrastructure. Its revenue model is based on capital appreciation and profit-sharing from these alternative, non-public strategic investments.
MYFW
2nd
First Western Financial
$292.76Mn
29.98
-0.53%
+32.19%
The company manages $7.28 billion of trust and investment management assets and generates significant non-interest income from investment management and trust services for high net worth individuals and families.
BACC
Blue Acquisition
$292.48Mn
10.46
+0.19%
+4.08%
Blue Acquisition Corp is a Special Purpose Acquisition Company (SPAC) that raises capital from investors to identify and acquire a private company. This activity of managing pooled capital for the purpose of a private equity-style buyout and taking a company public aligns with the alternative asset management model of investing in non-public strategies.
UCFI
CN Healthy Food Tech
$287.81Mn
5.51
+0.00%
+0.00%
The company is a Special Purpose Acquisition Company (SPAC), which functions as a pooled investment vehicle designed to acquire a private business. Its core activity is managing capital from an IPO and private placements to execute a business combination, matching the profile of an alternative asset manager focused on private equity-style acquisitions.
FRAF
2nd
Franklin Financial Services
$285.94Mn
63.63
+0.20%
+39.08%
The company provides wealth management services to individuals and businesses, generating noninterest income specifically from wealth management fees.
JWSMF
Jaws Mustang Acquisition
$285.32Mn
11.15
+0.00%
+6.29%
Jaws Mustang Acquisition is a blank check company (SPAC) whose sole purpose is to identify and acquire a target business using pooled capital from its IPO and private placements. This activity of managing pooled capital for the purpose of a business combination aligns with the alternative asset management model of deploying capital into non-public strategies.
LCNB
2nd
Lcnb
$281.23Mn
19.73
+0.15%
+31.27%
The company has a dedicated Wealth Management segment that provides fiduciary and trust services, earning fees based on the market value of assets under management.
WNEB
2nd
Western New England Bancorp
$278.24Mn
13.88
+0.29%
+22.83%
The company earns wealth management fees through a partnership with LPL Financial, providing advisory and brokerage products to retail and institutional clients.
HWBK
2nd
Hawthorn Bancshares
$271.13Mn
39.29
-1.26%
+30.88%
The company has a dedicated Wealth Management segment that provides investment and asset management services, earning fees for managing portfolios on behalf of clients.
FXNC
2nd
First National
$271.10Mn
29.98
+0.44%
+31.61%
The company provides wealth management services, including investment management of assets and trustee services, which generate fee income.
VABK
2nd
Virginia National Bankshares
$269.54Mn
49.69
-0.78%
+26.05%
The company provides trust and estate administration through VNB Trust and Estate Services, which generates fee revenue by managing assets for clients.
VOXR
Vox Royalty
$265.86Mn
4.80
-0.83%
+16.50%
Vox Royalty operates as an alternative asset manager by acquiring and managing a portfolio of mining royalties, which are illiquid, non-public financial interests. The company earns returns from these alternative assets through contractual royalty payments (NSR, GRR) from third-party mining operators like Zijin Mining Group and Northern Star Resources.
FACT
FACT II Acquisition
$261.70Mn
10.76
+0.00%
+4.06%
FACT II Acquisition Corp is a Special Purpose Acquisition Company (SPAC), which functions as a pooled investment vehicle designed to acquire a private business. Its core activity is managing capital raised via IPO and private placements to identify and execute a business combination, which aligns with the alternative asset management model of deploying capital into non-public strategies.
VNME
Vendome Acquisition Corp I
$257.75Mn
10.31
+0.00%
+2.89%
Vendome Acquisition Corp I is a special purpose acquisition company (SPAC) designed to acquire and merge with other businesses. This activity of pooling capital to invest in and acquire private companies aligns with the alternative asset management model of private equity and venture capital strategies.
CUB
Lionheart Holdings
$255.53Mn
10.93
+0.09%
+3.80%
Lionheart Holdings is a Special Purpose Acquisition Company (SPAC) whose sole purpose is to identify, negotiate, and acquire private operating businesses using pooled capital. This activity of managing capital for the purpose of private equity-style acquisitions and business combinations aligns with the activities of alternative asset managers.
ETHW
Bitwise Ethereum ETF
$254.98Mn
17.09
+0.29%
-38.17%
The company is an ETF that manages a portfolio of ether on behalf of shareholders, charging a daily management fee as a percentage of the trust's net asset value. Its core activity is providing a pooled investment vehicle for investors to gain exposure to a specific asset.
EFSI
2nd
Eagle Financial Services
$253.97Mn
46.93
+0.90%
+26.70%
The Bank of Clarke Wealth Management Division provides investment management and advisory services, earning fee-based income from managing portfolios and selling investment products like mutual funds.
TONT
Graf Global
$252.53Mn
10.94
+0.00%
+3.21%
Graf Global is a special purpose acquisition company (SPAC) that manages a trust account of over $243 million to acquire a target business. This activity of pooling capital for the purpose of making a private equity-style acquisition of a business fits the profile of an alternative asset manager focusing on non-public strategies.
COPL
Copley Acquisition
$251.76Mn
10.61
+0.09%
+4.53%
Copley Acquisition Corp is a Special Purpose Acquisition Company (SPAC), which operates as a pooled investment vehicle designed to identify and acquire a private business. Its core activity is the management of capital for the purpose of a business combination, which aligns with the alternative asset management model of seeking illiquid, non-public strategies.
GPAT
GP-Act III Acquisition
$251.47Mn
11.01
-0.63%
+3.09%
GP-Act III Acquisition Corp is a special purpose acquisition company (SPAC) sponsored by GP-Act III Sponsor LLC, which is described as having a track record of identifying and executing transactions. Its core purpose is to manage pooled capital from an IPO to acquire a business, which aligns with the activity of alternative asset managers focusing on private equity and buyout strategies.
FERA
Fifth Era Acquisition Corp I
$249.45Mn
10.57
+0.09%
+1.34%
Fifth Era Acquisition Corp I is a SPAC, which functions as a pooled investment vehicle designed to acquire a private business. Its core activity is managing capital from public and private investors to execute a business combination, matching the profile of an alternative asset manager focusing on private equity-style acquisitions.
GTERA
Globa Terra Acquisition
$248.18Mn
10.46
+0.00%
+4.29%
Globa Terra Acquisition Corp is a special purpose acquisition company (SPAC) that functions as a pooled investment vehicle to acquire a target business. It competes directly with private equity groups and leveraged buyout funds, and its management team leverages private equity experience to source and execute business combinations.
DYNC
Dynamix
$241.70Mn
10.92
+0.65%
+4.20%
Dynamix is a blank check company (SPAC) whose core purpose is to identify and execute a business combination, effectively managing a pool of capital for the purpose of a private equity-style acquisition. Its revenue model currently consists of nonoperating income on trust assets, and it competes directly with private equity firms and leveraged buyout funds.
DAAQ
Digital Asset Acquisition
$241.04Mn
10.48
+0.00%
+0.77%
Digital Asset Acquisition Corp. is a special purpose acquisition company (SPAC) designed to raise capital to acquire a target business, which aligns with the activity of alternative asset managers and private equity structures. The profile explicitly states it competes with private equity firms and other SPACs to identify and acquire a target company using its trust account of approximately $177.95 million.
PEBK
2nd
Peoples Bancorp Of North Carolina
$237.47Mn
43.48
-0.96%
+39.14%
Through Peoples Investment Services, Inc., the company provides investment counseling and non-deposit investment products such as stocks, bonds, and mutual funds to individual investors.
CMTV
2nd
Community Bancorp
$236.97Mn
42.31
-2.58%
+82.53%
The company provides trust and wealth management services through an affiliated non-depository trust company, generating revenue from wealth management and trust advisory fees.
IRHO
Iron Horse Acquisition
$231.61Mn
10.07
+0.00%
—
Iron Horse Acquisition II Corp. is a special purpose acquisition company (SPAC) that manages a pooled fund of capital from an IPO to acquire a private business. Its core activity is the identification, evaluation, and structuring of a business combination, which aligns with the alternative asset management model of deploying capital into non-public strategies.
HDSN
2nd
Hudson Technologies
$226.02Mn
5.37
+0.19%
-42.69%
The company generates revenue from the monetization of carbon offset projects and the development of verified emission reduction projects linked to the destruction of CFCs, which constitutes the management of real-asset environmental credits.
NHIC
NewHold Investment Corp. III
$225.04Mn
8.15
-5.67%
-19.78%
NewHold Investment Corp. III is a blank check company (SPAC) whose sole purpose is to identify and acquire a target business using pooled capital from public and private investors. This activity of managing pooled capital to execute a business combination is a hallmark of alternative asset management strategies.
MRBK
2nd
Meridian
$223.21Mn
18.72
-0.16%
+24.55%
Through its subsidiary Meridian Wealth, the company provides personalized financial planning, retirement planning, and investment advisory services to high net worth individuals and professionals.
LWAC
LightWave Acquisition
$223.17Mn
10.35
-0.33%
+3.19%
LightWave Acquisition Corp is a special purpose acquisition company (SPAC) designed to identify and acquire a target business using pooled capital from investors. This activity of managing a pooled vehicle to execute a business combination for the benefit of investors aligns with the alternative asset management model of private equity and venture capital strategies.
CEPO
Cantor Equity Partners I
$215.60Mn
10.78
+0.00%
+2.67%
Cantor Equity Partners I is a Special Purpose Acquisition Company (SPAC), which is a pooled investment vehicle designed to acquire a private company. Its core activity is managing capital raised from investors to execute a business combination, which aligns with the alternative asset management model of managing pooled capital for institutional and high-net-worth investors.
EGHA
EGH Acquisition
$214.02Mn
10.44
+0.00%
+3.57%
EGH Acquisition Corp is a blank check company (SPAC) whose sole purpose is to identify and execute a business combination with a target entity. This activity of pooling capital from investors to acquire and manage a private business for the purpose of generating returns is the core function of an alternative asset manager/private equity structure.
CSTAF
Constellation Acquisition Corp I
$202.88Mn
13.05
+0.00%
+13.28%
Constellation Acquisition Corp I is a blank check company (SPAC) whose sole purpose is to identify and acquire a target business using pooled capital from an IPO and private placements. This activity of managing pooled capital for the purpose of a private equity-style acquisition of a business fits the profile of an alternative asset manager.
PGAC
Pantages Capital Acquisition
$202.52Mn
10.81
+0.00%
+4.95%
Pantages Capital Acquisition is a special purpose acquisition company (SPAC) whose sole activity is identifying and evaluating potential acquisition targets for a business combination. This aligns with the Alternative Asset Managers category, as it manages pooled capital from public shareholders and sponsors to execute a private equity-style acquisition strategy.
SIMAU
SIM Acquisition Corp. I
$192.72Mn
11.11
+0.00%
+3.93%
SIM Acquisition Corp. I is a Special Purpose Acquisition Company (SPAC), which functions as a pooled investment vehicle designed to acquire a private company. Its core activity is managing capital raised via IPO and private placements to execute a business combination, aligning with the management of alternative investment capital for institutional and high-net-worth investors.
QSEA
Quartzsea Acquisition
$190.39Mn
10.71
+0.00%
+5.41%
Quartzsea Acquisition Corp is a special purpose acquisition company (SPAC) whose sole activity is identifying and evaluating target businesses for a merger or acquisition. This aligns with the activity of alternative asset managers who manage pooled capital to invest in private companies, as the company's purpose is to deploy IPO proceeds into a private target.
ATEK
Athena Technology Acquisition
$189.81Mn
9.50
+0.00%
+5.32%
Athena Technology Acquisition Corp. II is a special purpose acquisition company (SPAC) that functions as a pooled investment vehicle to acquire a target business. Its core activity is managing capital raised from investors to execute a business combination, which aligns with the behavior of alternative asset managers focusing on private equity-style acquisitions.
SBFG
2nd
Sb Financial
$189.47Mn
30.30
+0.26%
+57.16%
The Trust and Wealth Management segment provides asset management services for individuals and corporate employee benefit plans, earning revenue through wealth management and trust administration fees.
FNWD
2nd
Finward Bancorp
$188.75Mn
43.56
+0.14%
+31.13%
The company has a wealth management division that provides personalized services including estate planning, retirement accounts, and trust services to individuals.
CHEC
Chenghe Acquisition III
$174.23Mn
10.33
+0.00%
—
Chenghe Acquisition III is a special purpose acquisition company (SPAC) that manages pooled capital from IPO investors to acquire a business. This activity matches the profile of an alternative asset manager managing a pooled investment vehicle for institutional and high-net-worth investors.
ENBP
2nd
ENB Financial
$173.16Mn
30.30
+1.85%
+34.67%
The company operates the ENB Wealth Solutions division, which provides trust and investment advisory services to individuals and businesses.
WHG
Westwood Holdings
$168.06Mn
18.87
+1.73%
+12.79%
Westwood Holdings is a registered investment adviser that manages investment portfolios through mutual funds, ETFs, and separate accounts. Its primary revenue is generated from management fees based on a percentage of assets under management (AUM) for institutional and high-net-worth clients.
RMBI
2nd
Richmond Mutual Bancorporation
$167.03Mn
15.90
-0.56%
+18.92%
The company provides trust and wealth management services, including investment management and private banking, which generate fee-based income.
RILY
2nd
BRC Group Holdings
$162.01Mn
4.03
-4.05%
-22.94%
The Wealth Management segment provides investment management services to individuals, families, and institutions, managing approximately $13.0 billion in assets under management.
SPEG
Silver Pegasus Acquisition
$159.93Mn
10.43
+0.00%
+3.99%
Silver Pegasus Acquisition Corp. is a SPAC (blank check company) whose core activity is identifying, evaluating, and structuring a business combination with a target company. This operational model of pooling capital to acquire a private business for a public listing aligns with the activities of alternative asset managers and private equity-style strategies.
GSHR
Gesher Acquisition
$158.52Mn
10.61
+0.00%
+4.12%
Gesher Acquisition Corp. II is a Special Purpose Acquisition Company (SPAC) that raises capital to acquire a target business, which is a form of private equity/alternative investment strategy. Its core activity is managing pooled capital from public shareholders and a sponsor to execute a business combination for the purpose of creating long-term value.
DEFT
Defi Technologies
$154.33Mn
0.40
-4.76%
-80.10%
The company's Asset Management business line, Valour, develops and lists exchange traded products (ETPs) on traditional stock exchanges, earning revenue through management fees. This core activity involves managing investment portfolios to provide exposure to digital assets for retail and institutional investors.
INAC
Indigo Acquisition
$153.75Mn
10.42
+0.00%
+3.78%
Indigo Acquisition Corp is a special purpose acquisition company (SPAC) formed to effect a business combination, which is a form of private equity/alternative investment strategy. Its current activity is managing a trust account of marketable securities to acquire a target business, aligning with the alternative asset management model of identifying and investing in non-public companies.
NBRG
Newbridge Acquisition
$152.59Mn
10.11
+0.00%
—
Newbridge Acquisition is a special purpose acquisition company (SPAC) that raises capital to invest in and acquire private businesses. This activity aligns with alternative asset management as it manages a pooled fund of capital for the purpose of executing a private equity-style acquisition.
QUMS
Quantumsphere Acquisition
$150.86Mn
10.38
+0.00%
+4.01%
Quantumsphere Acquisition is a special purpose acquisition company (SPAC) whose sole purpose is to identify and execute a business combination with a target company. This activity of pooling capital to acquire private businesses aligns with the alternative asset management model of private equity and venture capital strategies.
CEPS
Cantor Equity Partners VI
$148.51Mn
10.12
-1.36%
—
Cantor Equity Partners VI is a blank check company (SPAC) designed to pool capital for the purpose of acquiring and investing in a private operating business. This activity aligns with alternative asset management as it involves managing pooled capital for institutional and high-net-worth investors to execute a non-public investment strategy.
AUC
2nd
ATIF Holdings
$148.06Mn
8.55
+0.00%
+3.14%
The company explicitly states that it earns income from 'asset management' through its subsidiaries.
TAVI
Tavia Acquisition
$148.00Mn
10.81
-0.09%
+3.84%
Tavia Acquisition Corp. is a Special Purpose Acquisition Company (SPAC), which is a pooled investment vehicle designed to acquire a private business. Its core activity is managing capital raised via an IPO to execute a business combination, matching the profile of an alternative asset manager focusing on private equity-style acquisitions.
RBKB
2nd
Rhinebeck Bancorp
$144.57Mn
12.93
+0.00%
+73.79%
The company operates a dedicated Rhinebeck Asset Management division that provides investment advisory services and earns fees for wealth management activities.
FRNM
Freenome
$139.22Mn
12.77
-2.52%
+19.57%
Perceptive Capital Solutions Corp is a SPAC sponsored by Perceptive Advisors, a life sciences focused investment firm managing $9.5 billion in assets. Its core activity is the identification and acquisition of private companies in the life sciences and medical technology sectors using pooled capital from its IPO.
BOTJ
2nd
Bank Of The James Financial
$135.07Mn
29.73
+2.91%
+88.28%
Through its subsidiary Pettyjohn, Wood & White, Inc., the company provides investment advisory and wealth management services, earning fees based on assets under management.
TOP
2nd
TOP Financial
$133.19Mn
15.29
-5.15%
+152.73%
The company is licensed by the Hong Kong Securities and Futures Commission to conduct asset management activities and provides asset management advisory services to its clients.
KVACF
Keen Vision Acquisition
$132.93Mn
12.07
+0.00%
+4.32%
Keen Vision Acquisition is a SPAC (blank check company) whose sole purpose is to identify and acquire a private operating business using pooled capital from institutional and retail investors. This activity matches the profile of an alternative asset manager managing a pooled vehicle for the purpose of a private equity-style acquisition.
NAKA
Nakamoto
$131.71Mn
7.36
-4.29%
-76.86%
The company operates UTXO, which generates management and performance fees from overseeing funds like the 210k Capital hedge fund. It also manages a global portfolio of Bitcoin native companies and executes an options writing strategy to generate premium income.
ASCBF
ASPAC II Acquisition
$128.14Mn
11.99
+0.00%
+0.00%
ASPAC II Acquisition Corp. is a special purpose acquisition company (SPAC) designed to pool capital from investors to acquire a private business. This activity matches the profile of an alternative asset manager focusing on private equity-style acquisitions, earning returns through the eventual business combination.
RVSB
2nd
Riverview Bancorp
$122.37Mn
6.07
+0.50%
+16.73%
Through its subsidiary Riverview Trust Company, the company manages investment portfolios for clients and earns fees for managing assets under fiduciary or agency capacity.
FKYS
2nd
First Keystone
$121.45Mn
19.21
-1.44%
+15.03%
The company provides trust investment accounts, mutual funds, and the management of pension and profit sharing plans through its trust department. These activities involve making investment decisions for clients in exchange for fees.
CHAR
Charlton Aria Acquisition
$120.51Mn
10.99
+0.09%
+5.88%
Charlton Aria Acquisition is a Special Purpose Acquisition Company (SPAC) whose sole business activity is identifying and evaluating target companies for a business combination. This activity of managing pooled capital for the purpose of acquiring private businesses aligns with the alternative asset management model of private equity and venture capital strategies.
SAMG
Silvercrest Asset Management
$119.90Mn
10.12
-4.80%
-30.64%
Silvercrest manages investment portfolios for ultra high net worth individuals and institutional investors, reporting $37.0 billion in assets under management. The majority of its revenue is derived from asset-based fees charged as a percentage of these discretionary assets.
CBRRF
Chain Bridge I
$119.86Mn
10.31
+0.00%
-14.65%
Chain Bridge I is a special purpose acquisition company (SPAC) that raises capital to acquire a private operating business, which aligns with the activity of alternative asset managers managing pooled capital for the purpose of buyouts or private equity-style acquisitions. The company's core activity is identifying target companies and executing a business combination using funds from its IPO and private placements.
NWPP
2nd
New Peoples Bankshares
$116.05Mn
4.93
+0.41%
+56.51%
The company generates revenue from asset management fees provided through its New Peoples Financial Services division.
GHI
2nd
Greystone Housing Impact Investors
$115.93Mn
4.92
-0.81%
-43.64%
The company invests in market-rate joint venture equity for multifamily and seniors housing developments, earning preferred returns on these illiquid, non-public real estate equity investments.
PFBX
2nd
Peoples Financial
$108.28Mn
23.45
-3.30%
+15.86%
The company has a dedicated Trust and Asset Management segment that manages benefit accounts and self-directed IRAs for personal clients, earning revenue from asset management fees.
TMCR
Metals Royalty
$107.96Mn
2.12
-3.64%
—
The company operates as a royalty and streaming firm, which is a form of alternative asset management where it provides capital in exchange for a percentage of future production. It earns revenue from a 2.0% gross overriding royalty on the NORI Property, mirroring the business model of alternative asset managers like Franco Nevada and Wheaton Precious Metals.
WCHD
WeCapital Holdings
$105.73Mn
0.01
+0.00%
—
WeCapital Holdings is a blank-check company (SPAC) whose sole purpose is to identify and execute business combinations through mergers and acquisitions. This activity of pooling capital to acquire private businesses aligns with the alternative asset management model of private equity and venture capital strategies described in F-11.
CBKM
2nd
Consumers Bancorp
$100.70Mn
31.90
+0.00%
+36.44%
The company operates a dedicated Wealth Management segment that provides professional management of investment assets, including mutual funds and managed account programs for individual and nonprofit clients.
UWHR
2nd
Uwharrie Capital
$99.57Mn
14.01
+0.00%
+40.10%
The firm has investment advisory units that generate income from asset management fees based on the market value of client portfolios.
SAGU
Shreya Acquisition
$97.43Mn
10.05
+0.10%
—
Shreya Acquisition Group is a Special Purpose Acquisition Company (SPAC) designed to effect a business combination through the acquisition of target businesses. This activity aligns with alternative asset management as it involves managing a pooled fund of capital from public and private investors to execute a non-public, illiquid investment strategy.
ORIQ
Origin Investment Corp I
$94.39Mn
10.45
+0.10%
+3.36%
Origin Investment Corp I is a blank check company (SPAC) designed to acquire and hold interests in middle market and emerging growth companies. This activity of pooling capital to invest in private businesses for the purpose of a business combination aligns with the strategies of alternative asset managers.
LCCC
Lakeshore Acquisition III
$94.04Mn
10.56
+0.09%
+4.24%
Lakeshore Acquisition III is a SPAC (blank check company) whose sole purpose is to identify and acquire a private operating business using pooled capital from its IPO. This activity matches the profile of an alternative asset manager focusing on private equity-style acquisitions and the deployment of capital into non-public strategies.
QDMI
2nd
QDM International
$93.79Mn
10.86
+1.97%
-36.12%
The company provides personalized financial services through its Mandatory Provident Fund (MPF) intermediary activities, helping customers with account openings, fund transfers, and policy explanations for a service fee.
GTEN
Gores Holdings X
$93.47Mn
10.42
+0.10%
+0.19%
Gores Holdings X is a special purpose acquisition company (SPAC) designed to effect a business combination, which aligns with the activity of alternative asset managers seeking private equity-style acquisitions. The company relies on the sponsorship of The Gores Group to access proprietary deal flow for the purpose of investing its trust account capital into a target business.
ALCYF
Alchemy Investments Acquisition Corp 1
$91.68Mn
11.94
+0.00%
+1.19%
The company is a blank check company (SPAC) sponsored by Alchemy Investment Management LLC, which provides a pipeline of targets and sourcing capabilities. Its core activity is the pursuit of a business combination to invest public capital into a private target, which aligns with the activity of alternative asset managers managing pooled capital for institutional and high-net-worth investors.
MRLN
Merlin
$88.52Mn
0.88
+6.02%
-93.10%
Merlin is a Special Purpose Acquisition Company (SPAC) that manages pooled capital from its IPO and private placements to identify and merge with private growth-stage companies. This activity of managing a pooled investment vehicle to acquire private businesses aligns with the alternative asset management model of private equity and venture capital.
FVN
Future Vision II Acquisition
$84.12Mn
11.15
-1.50%
+5.69%
Future Vision II Acquisition Corp. is a special purpose acquisition company (SPAC) whose core purpose is to identify, acquire, and manage a business combination. This activity aligns with alternative asset management, as it manages pooled capital from an IPO and private placement to execute a private equity-style acquisition strategy.
MGLD
Marygold Companies
$83.72Mn
1.96
+0.00%
+90.29%
The company's U.S. Fund Management segment manages 16 ETFs with $2.8 billion in assets under management, earning monthly management and advisory fees. This core activity of deciding how to invest pooled capital into commodity and equity groups fits the Asset Management definition.
ASRV
2nd
Ameriserv Financial
$80.92Mn
4.77
+0.00%
+50.95%
The company provides wealth management services and earns asset management fees, as well as acting as a trustee for union-sponsored investment funds like the ERECT Funds.
FSEA
2nd
First Seacoast Bancorp
$80.89Mn
17.25
+0.00%
+48.71%
Through FSB Wealth Management, the company provides personalized retirement planning, college planning, and investment strategies to clients in exchange for advisory fees.
HNNA
Hennessy Advisors
$80.47Mn
10.18
-0.29%
+9.11%
Hennessy Advisors manages investment portfolios through sixteen open end mutual funds and one exchange traded fund (the Hennessy Funds). The company earns the majority of its revenue from investment advisory fees calculated as a percentage of the average daily net asset values of these funds.
JUVF
2nd
Juniata Valley Financial
$79.04Mn
15.70
+0.32%
+11.03%
The company provides trust and asset management services, earning investment advisory fees for managing portfolios for trust and wealth management clients.
CHPG
ChampionsGate Acquisition
$78.49Mn
10.50
-0.19%
+3.65%
ChampionsGate is a Special Purpose Acquisition Company (SPAC) whose sole purpose is to identify and acquire a business through a merger or asset purchase. This activity of pooling capital to invest in a non-public business combination aligns with the alternative asset management model of managing capital for institutional and high-net-worth investors to achieve gains.
CMCAF
Piermont Valley Acquisition
$77.41Mn
13.00
+0.00%
+14.04%
Piermont Valley Acquisition Corp is a special purpose acquisition company (SPAC) whose sole purpose is to identify and complete a business combination with a target business. This activity of raising pooled capital to acquire and hold private businesses aligns with the alternative asset management model of private equity and buyout strategies.
SIEB
2nd
Siebert Financial
$76.04Mn
1.85
-2.12%
-44.78%
The company earns investment advisory fees through wealth management and financial advice services provided to clients.
ISRLF
Israel Acquisitions
$75.70Mn
12.50
+3.91%
+0.24%
Israel Acquisitions Corp is a special purpose acquisition company (SPAC) that raises capital to acquire high-growth private companies, which is a form of alternative asset management. Its core activity is identifying and evaluating private targets for a business combination, similar to the function of a private equity or venture capital manager.
RENEF
Cartesian Growth
$73.08Mn
12.71
+0.00%
+4.95%
Cartesian Growth Corp II is a blank check company (SPAC) whose sole purpose is to identify and execute a business combination with high-growth target businesses. This activity of pooling capital to acquire and manage private equity-style investments aligns with the Alternative Asset Managers category, as it seeks to deploy committed capital into non-public strategies for the benefit of its shareholders.
ALIS
Calisa Acquisition
$72.81Mn
8.64
+5.62%
—
Calisa Acquisition Corp is a SPAC (blank check company) whose sole purpose is to raise capital to acquire and manage an interest in another business. This activity aligns with alternative asset management as it involves pooling capital for a non-public, illiquid acquisition strategy.
BLNC
Balance Labs
$72.62Mn
1.55
+0.00%
-29.55%
Balance Labs operates as a digital asset advisory firm providing strategic guidance on digital asset adoption and treasury strategy to institutional clients. Its revenue is generated through retainer-based and project-based engagements, such as advising institutional asset managers on ETF and digital asset product strategy.
INTG
2nd
Intergroup
$70.59Mn
32.85
-0.45%
-22.16%
The company has a dedicated Securities Investments segment that manages a portfolio of equity and debt securities, publicly traded funds, and mortgage-backed securities to generate dividends, interest, and capital gains.
CLRCF
ClimateRock
$64.65Mn
12.75
+0.00%
+5.37%
ClimateRock is a special purpose acquisition company (SPAC) that raises capital to acquire private companies in the sustainable energy and clean technology sectors. Its business model involves managing pooled capital from an IPO and private placement to execute a business combination, which aligns with the activity of alternative asset managers focusing on private equity-style acquisitions.
BHIC
BioScience Health Innovations
$64.64Mn
5.50
-8.33%
+37.50%
The company is a 'blank check' entity focused on locating and acquiring an operating business, which aligns with the activity of alternative asset managers or special purpose acquisition vehicles. Its current operational focus is on securing capital and identifying targets to deploy that capital into private equity-style acquisitions.
GEG
Great Elm
$64.02Mn
2.15
+0.00%
-12.24%
Great Elm Group is an alternative asset management company that manages pooled capital across credit, real estate, and specialty finance strategies for institutional and high-net-worth investors. It earns revenue through management fees, incentive fees, and administration fees from its investment management subsidiaries GECM and MCRE.
JFU
2nd
9F
$59.10Mn
2.51
-4.20%
-50.69%
Through subsidiaries like Ether Wealth Management Limited, the company provides customized wealth allocation planning and advisory services to high net worth individuals and family offices.
UYSC
UY Scuti Acquisition
$58.90Mn
10.94
-0.55%
+7.57%
UY Scuti Acquisition Corp. is a blank check company (SPAC) designed to identify and acquire a target business, which is a form of private equity/buyout strategy. Its revenue model, once operational, will be based on the acquisition and management of a private business using pooled capital from public shareholders and private placements.
BPAC
Blueport Acquisition
$58.82Mn
10.23
+0.00%
—
Blueport Acquisition is a special purpose acquisition company (SPAC) whose core purpose is to identify, negotiate, and execute a business combination with a target company. This activity of managing pooled capital to acquire private businesses for the benefit of shareholders aligns with the activities of alternative asset managers and private equity sponsors.
EURK
Eureka Acquisition
$55.40Mn
11.55
+0.00%
+6.75%
Eureka Acquisition Corp is a special purpose acquisition company (SPAC) that raises capital to identify and acquire private businesses, which aligns with the activity of managing pooled alternative investment capital for the purpose of business combinations. Its core activity is evaluating acquisition candidates and utilizing its deal sourcing network of private equity and venture capital sponsors to create shareholder value through illiquid, non-public strategies.
ALPS
2nd
Alps
$54.91Mn
0.33
+0.00%
-87.11%
Alps Global Holding Berhad is engaged in the acquisition, management, and disposition of interests in various enterprises, serving institutional investors and private equity firms. This activity matches the profile of an alternative asset manager managing a portfolio of private interests to create value.
ASPC
ASPAC III Acquisition
$50.00Mn
10.69
-0.05%
+3.33%
The company is a Special Purpose Acquisition Company (SPAC) designed to identify and acquire a private business using pooled capital from public shareholders. Its core activity is managing this capital to execute a business combination, which aligns with the alternative asset management model of deploying capital into non-public strategies.
ALSAF
Alpha Star Acquisition
$49.70Mn
15.40
+0.00%
+10.00%
Alpha Star Acquisition is a special purpose acquisition company (SPAC) whose sole activity is identifying and evaluating potential acquisition targets for a business combination. This activity of managing pooled capital to acquire private businesses for a public listing aligns with the alternative asset management model of private equity and venture capital strategies.
INCR
2nd
Intercure
$49.54Mn
4.53
+1.34%
-38.37%
The company maintains a Biomed Investments segment that focuses on strategic equity investments in life sciences and medical innovation companies.
AFJK
Aimei Health Technology
$48.65Mn
12.02
+0.00%
+6.09%
Aimei Health Technology is a special purpose acquisition company (SPAC) that manages pooled capital to acquire businesses in the biopharmaceutical and medical technology sectors. It operates similarly to a private equity or venture capital firm by seeking to identify and acquire innovative healthcare companies to provide them with public market access.
MATH
2nd
Metalpha Technology Holding
$47.11Mn
1.00
+0.00%
-67.85%
Through its subsidiary LSQ Capital Limited, the company provides asset management and securities advising services, contributing 11.2% of its total income.
LGL
2nd
Lgl
$44.15Mn
6.75
+1.96%
+5.97%
The Merchant Investment segment operates as a value-oriented investor that acquires undervalued assets and businesses, using special purpose vehicles to raise external capital and earning management fees and success-based incentives.
DTSQ
DT Cloud Star Acquisition
$42.31Mn
11.58
+0.26%
+10.08%
DT Cloud Star Acquisition is a Special Purpose Acquisition Company (SPAC) that manages pooled capital from public shareholders and sponsors to acquire a target business. This activity aligns with alternative asset management, as it involves managing a pooled investment vehicle to execute a private equity-style acquisition strategy.
HDRN
Hadron Energy
$42.16Mn
0.74
+0.00%
-93.23%
GigCapital7 is a special purpose acquisition company (SPAC) that raises capital from investors to identify and acquire a private business. Its core activity is managing pooled capital for the purpose of a business combination, which aligns with the alternative asset management model of sourcing and structuring acquisitions.
DOMH
Dominari Holdings
$41.94Mn
1.73
-9.42%
-71.12%
Dominari operates a significant Asset Management segment and Wealth Management business, earning asset-based advisory fees and fees from discretionary and non-discretionary portfolio management for high-net-worth individuals and institutions.
BSAA
BEST SPAC I Acquisition
$40.84Mn
10.75
-0.09%
+6.33%
The company is a Special Purpose Acquisition Company (SPAC) whose sole purpose is to identify and execute a business combination with a target company. This activity of managing pooled capital for the purpose of acquiring private businesses aligns with the alternative asset management model of private equity and venture capital strategies.
LKSP
Lake Superior Acquisition
$39.41Mn
10.28
+0.00%
—
Lake Superior Acquisition Corp is a special purpose acquisition company (SPAC) whose sole purpose is to effect a business combination, acting as a vehicle for pooled capital to acquire private businesses. This aligns with the Alternative Asset Managers category as it manages capital for institutional and high-net-worth investors to execute illiquid, non-public acquisition strategies.
CAPN
Cayson Acquisition
$39.04Mn
11.29
+0.00%
+7.83%
Cayson Acquisition Corp is a special purpose acquisition company (SPAC) that competes with private equity groups and leveraged buyout funds to acquire target businesses. Its core activity is managing a pool of capital raised via IPO and private placement to execute a business combination, which aligns with the alternative asset management model of pursuing illiquid, non-public strategies.
WINV
WinVest Acquisition
$38.67Mn
12.55
+0.00%
+0.00%
WinVest Acquisition Corp. is a special purpose acquisition company (SPAC) whose sole purpose is to identify and acquire a target business using pooled capital from public and private investors. This activity of managing a pool of capital to execute a business combination is most closely aligned with alternative asset management strategies, specifically those focused on private equity-style acquisitions.
EMCGF
Embrace Change Acquisition
$37.89Mn
11.21
+0.00%
-1.15%
Embrace Change Acquisition Corp is a SPAC (blank check company) whose sole purpose is to raise capital to acquire private companies. This activity of pooling capital to invest in and acquire non-public businesses aligns with the Alternative Asset Managers category, as it functions as a vehicle for private equity-style acquisitions.
GROW
U S Global Investors
$36.33Mn
2.62
-0.38%
+0.00%
The company is a registered investment adviser that manages portfolios for mutual funds and exchange traded funds, such as the U.S. Global Jets ETF and the Gold and Precious Metals Fund. It generates its primary revenue from management and administrative fees calculated as a percentage of assets under management.
MLCI
Mount Logan Capital
$36.14Mn
3.23
-0.31%
-56.76%
Mount Logan Capital operates an Asset Management segment that manages pooled alternative investment capital, specifically focusing on private credit, senior secured lending, and venture/growth lending. It earns revenue through management fees, servicing fees, and performance fees from vehicles including a BDC platform and interval funds like SOFIX and ACIF.
CCTSF
Cactus Acquisition Corp. 1
$35.39Mn
11.01
+0.00%
-6.62%
Cactus Acquisition Corp. 1 is a blank check company (SPAC) whose sole purpose is to identify and acquire a target business using pooled capital from its IPO and private placements. This activity of managing a pooled investment vehicle to acquire a private business aligns with the structure of alternative asset management, specifically the sponsorship and management of a vehicle for a business combination.
YHNA
YHN Acquisition I
$34.89Mn
11.11
+0.18%
+5.51%
YHN Acquisition I is a special purpose acquisition company (SPAC) that manages pooled capital from IPO and PIPE investors to identify and acquire private businesses. Its core activity is the management of this capital for the purpose of a business combination, which aligns with the alternative asset management model of managing pooled capital for institutional and high-net-worth investors.
ONEN
ONE Nuclear Energy
$34.61Mn
1.33
+1.53%
-87.80%
Hennessy Capital Investment Corp. VII is a special purpose acquisition company (SPAC) designed to raise capital to acquire a target business, which is a form of alternative asset management strategy. The company's core activity is the identification and execution of a business combination, leveraging the management team's experience in prior acquisitions to create value for its shareholders.
ZSTK
2nd
ZeroStack
$31.68Mn
3.18
-5.36%
-77.07%
The company operates a digital assets segment focused on AI-driven asset management and the strategic accumulation of digital assets like 0G Tokens and Bitcoin for capital appreciation.
SDEV
Stablecoin Development
$31.05Mn
1.00
-8.26%
-83.74%
The company operates as a digital asset investment firm whose primary activity is holding and managing the SKY token to gain exposure to economic participation in a digital financial network. It generates revenue from the appreciation of these holdings, monetization of assets, and staking distributions, which aligns with the model of an alternative asset manager focusing on non-public or digital strategies.
BXBL
Boxabl
$30.89Mn
3.00
+1.69%
-70.06%
The company is a Special Purpose Acquisition Company (SPAC) whose sole purpose is to identify and execute a business combination with a target entity. This activity of pooling capital to acquire private middle-market or public businesses aligns with the strategies of alternative asset managers and private equity groups mentioned in the profile's competition section.
BMNM
2nd
Bimini Capital Management
$29.66Mn
2.95
+0.00%
+118.52%
The company has a dedicated asset management segment where it serves as the external manager for Orchid Island Capital, Inc., earning management fees and expense reimbursements for making investment decisions on behalf of that client.
TRLC
TriLinc Global Impact Fund
$29.62Mn
0.62
+0.00%
-38.00%
TriLinc Global Impact Fund operates as an externally managed fund that invests in illiquid, non-public strategies, specifically providing direct loans, structured credit, and equity to SMEs in developing economies. It earns revenue from interest income and realized capital gains on these alternative investments, fitting the profile of an alternative asset manager.
STKE
2nd
SOL Strategies
$28.75Mn
1.25
-0.79%
-64.69%
The company manages a substantial treasury of Solana tokens and strategically deploys capital to expand these holdings, acting as an investment company that earns rewards and manages assets for growth.
PLUT
2nd
Plutus Financial
$28.24Mn
1.84
-3.66%
-48.75%
Plutus Asset Management Limited manages discretionary accounts and segregated portfolio funds, earning management, subscription, and performance fees.
AMBR
2nd
Amber International Holding
$27.55Mn
1.59
-0.62%
-26.73%
The company manages investment portfolios through 'standard earn', 'structured products', and 'strategic funds' for institutional clients and high-net-worth individuals, earning shared investment gains.
FOFA
Family Office Of America
$27.53Mn
0.90
+0.00%
+246.15%
The company provides wealth management and asset management services to affluent individuals and families, generating revenue through management fees. These core activities involve deciding how to invest client money as part of its integrated family office platform.
INV
Innventure
$27.08Mn
0.32
-3.03%
-89.47%
Innventure operates as an industrial growth conglomerate that manages a portfolio of companies, earning revenue through management fees from the ESG Fund and distributions from equity stakes in its ventures. Its core business model involves sourcing, funding, and managing illiquid, high-growth technology ventures to maximize value for investors.
CNDA
Concord Acquisition
$24.51Mn
3.50
+0.00%
-69.35%
Concord Acquisition Corp II is a SPAC (blank check company) whose sole purpose is to identify and acquire a target business using pooled capital from its IPO and private placements. This activity of managing pooled capital to execute a private equity-style acquisition of a business aligns with the functions of an alternative asset manager.
SNNF
2nd
Seneca Bancorp
$23.86Mn
13.25
-0.08%
+30.54%
Through its subsidiary Financial Quest, the company provides asset management services and earns fee income from managing investment portfolios.
GDST
Chi Special Acquisition
$23.33Mn
12.50
+0.00%
+13.43%
Chi Special Acquisition Corp. is a SPAC (blank check company) whose sole activity is identifying and completing a business combination to create value for stockholders. This activity of managing pooled capital to acquire private or public businesses for the benefit of investors aligns with the alternative asset management model of seeking illiquid or non-public investment opportunities.
ORIO
Orion Digital
$21.31Mn
0.89
-2.20%
-47.65%
The company's primary focus is its digital wealth platform, offering managed investing through the Intelligent Investing app and self-directed trading via MogoTrade. Revenue is generated from subscription and service fees tied to assets under management.
IPEX
Inflection Point Acquisition Corp. V
$21.26Mn
3.16
-57.75%
-69.11%
Inflection Point Acquisition Corp. V is a special purpose acquisition company (SPAC) that functions as an investment vehicle to acquire a private business. It competes with private equity firms and manages capital raised via an IPO to execute a business combination, which aligns with the activity of alternative asset managers focusing on non-public strategies.
COHN
2nd
Cohen
$20.77Mn
9.19
+0.33%
-12.06%
The Asset Management segment manages investment funds, managed accounts, and joint ventures, earning base and incentive management fees based on the assets under management.
HWKE
Hawkeye Digital
$18.74Mn
0.75
+0.00%
+650.00%
Hawkeye Systems operates as a blank-check company and acquisition vehicle that deploys capital through equity and debt to acquire or merge with businesses. Its core activity is managing a portfolio of investments, such as its membership interest in Rift Cyber LLC and promissory notes in CNTNR USA, Inc., which aligns with the alternative asset management model of sourcing and executing business combinations.
STLY
2nd
HG Holdings
$18.67Mn
3.70
+3.35%
-18.50%
The company operates a Management Services Segment that provides managerial, operational, and advisory services to affiliated entities, such as HP Risk, earning a fixed annual fee for strategic capital modeling and financial goal review.
WTG
Wintergreen Acquisition
$18.64Mn
10.67
+0.09%
+5.54%
Wintergreen Acquisition Corp. is a blank check company (SPAC) whose core purpose is to identify and execute a business combination, effectively managing a pooled fund of capital for the purpose of acquiring a business. This activity aligns with the alternative asset management model of seeking acquisition targets and leveraging management expertise in mergers and acquisitions to generate returns.
FDCT
2nd
Fdctech
$18.49Mn
4.37
+0.00%
-34.09%
The company's Wealth Management segment provides financial planning, licensing solutions, and advisory services to a network of 28 financial advisors managing over $530 million in funds.
BCG
2nd
Binah Capital
$17.91Mn
1.05
-3.67%
-40.68%
Binah Capital operates three registered investment advisors (RIAs) that provide fee-based asset management services to clients.
MDBH
2nd
MDB Capital Holdings
$17.51Mn
1.70
-3.41%
-63.04%
MDB Capital Holdings acts as a venture capital platform, providing seed capital to early-stage technology ventures and earning returns from equity stakes and successful exits such as mergers or IPOs.
RFAI
RF Acquisition
$16.37Mn
27.43
-20.47%
+156.59%
RF Acquisition Corp II is a special purpose acquisition company (SPAC) whose sole purpose is to identify, source, and execute a business combination with a target company. This activity of managing pooled capital to acquire private businesses in the deep technology sector aligns with the functions of alternative asset managers.
MDRR
2nd
Medalist Diversified
$15.86Mn
9.74
-14.03%
-27.96%
The company operates a Delaware Statutory Trust (DST) sponsorship program, raising capital through private placements and earning sponsorship and placement fees for structuring and marketing these real-asset investment products to accredited and institutional investors.
CTRM
2nd
Castor Maritime
$15.46Mn
1.60
+0.63%
-23.44%
Through its Asset Management segment and the acquisition of MPC Capital, the company manages investment structuring and provides asset management for maritime and energy infrastructure projects for institutional investors and family offices.
FOFO
Hang Feng Technology Innovation
$15.14Mn
2.00
+1.52%
-86.32%
The company manages an open-ended fund focused on secondary market investments in global technology and innovation companies. It generates revenue through subscription fees of 2% and annual management fees of 1.2% of assets under management.
GRNQ
Greenpro Capital
$14.14Mn
7.80
+9.09%
-41.79%
The company provides a wide array of personalized financial and business advisory services to SMEs, including tax planning, corporate finance consulting, and wealth management. These services are delivered through its Cross-Border Business Solutions and Accounting Outsourcing segments, charging project-based and fixed fees.
AGLY
Atlantis Glory
$12.08Mn
0.02
+0.00%
-99.80%
Atlantis Glory operates as a blank check entity/shell company whose sole purpose is to identify, evaluate, and acquire an operating business. This activity of deploying capital into private companies to create a combined public entity aligns most closely with the alternative asset management and private equity-style acquisition model described in F-11.
