Top Small- & Mid-Cap Focused Hedge Funds surpass $125 Billion Mark
|December 17th, 2012||
|The Top 50 Small-Cap and Mid-Cap focused hedge funds now manage $125.7 billion in U.S. equity SMID assets, according to the most recent ranking. The Top 50 SMID Hedge Fund list is led by a few of the biggest U.S. hedge funds overall, demonstrating how some of the largest and most successful funds actively pursue smaller companies to achieve outsized returns. |
To be eligible for the top 50 SMID Hedge Fund List, a fund must have more than 50% of its equity assets invested in small-cap and mid-cap companies. The list is led by Renaissance Technologies, which allocated $16.9 billion to SMID companies. The second largest SMID investor is Carl Icahn’s Icahn Capital with $10.2 billion, while Israel Englander’s Millennium Management ranks third with $7.8 billion.
Notably, five hedge funds on the list have greater than 90% of their assets dedicated to the SMID stocks. The fourteenth largest SMID hedge fund, Artal Group S.A., is one of the purest small-cap and mid-cap focused funds on the list, as the hedge fund dedicates 96.1% of its portfolio to these stocks.
Ranking Methodology: The Top 50 SMID Hedge Fund rankings are compiled on a quarterly basis using hedge fund firms’ overall U.S. equity assets under management. The SMID list includes the top hedge funds with that have more than 50% of their U.S. equity assets invested in small- and mid-cap companies. Mid-Cap equities includes U.S. listed stocks with market capitalizations between $2 billion and $10 billion, while Small-Cap equities includes U.S. listed stocks with market capitalizations less than $2 billion. To view the Top Hedge Fund list in its entirety, please visit HedgeTracker’s Hedge Fund Portal..
For Detailed Investor Profiles on these Investors, click below: