Capital Intelligence

Capital Deployed

How much of each fund's total AUM is deployed in equities (13F holdings). Data from SEC Form ADV & XBRL filings.

85 of 85 funds with AUM data Auto-synced

#	Investor	Total AUM i Total Assets Under Management Regulatory AUM (RAUM) from SEC Form ADV, Item 5.F(2)(c). This is the total regulatory assets under management reported annually by registered investment advisers. When no ADV data exists, the 13F equity value is shown as a proxy (marked with a "13F" superscript). ADV filings are updated annually; values may lag by up to 12 months.	13F Equity i 13F Equity Holdings Value Sum of all long equity positions reported on the fund's most recent SEC Form 13F-HR filing. Includes common stock, ETFs, and options on equities. 13F filings are required quarterly for institutional managers with $100M+ in qualifying assets. Filed within 45 days of quarter-end.	Deployed i Capital Deployment Ratio Calculated as: 13F Equity Value ÷ Total AUM (Form ADV). Shows what percentage of the fund's total assets are deployed in publicly traded equities. Bar colors: ■ Red: Under 40% (very defensive) ■ Yellow: 40–69% (moderate) ■ Green: 70–99% (heavily deployed) ■ Blue: Over 100% (likely leveraged) A low ratio means the fund holds significant non-equity assets: cash, bonds, derivatives, or foreign holdings not reported on 13F.	Cash (Est.) i Estimated Liquid Assets Best available estimate of cash and non-equity holdings. Hover any row value for the full breakdown. Two sources, in priority order: 1. XBRL Cash & Equiv. — Exact cash from 10-K/10-Q filings (GAAP standard). Shown when available. 2. AUM Gap Estimate — Total AUM minus 13F equity. Includes all non-equity assets, not just cash. XBRL data may understate liquidity (e.g., T-Bills under company-specific tags). AUM gap overstates cash since it includes bonds, derivatives, and foreign holdings.	Source i Data Sources ADV — SEC Form ADV (annual regulatory filing, RAUM data). XBRL — SEC XBRL 10-K/10-Q filings (quarterly cash balances). Badges link directly to the SEC source data.
1	Dodge & Cox Dodge & Cox	$400.3B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$185.3B	46% 46% Capital Deployed $185.3B (13F Equity) ÷ $400.3B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$215.0B Cash & Non-Equity Breakdown AUM Gap Estimate: $215.0B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
2	Howard Marks Oaktree Capital	$171.0B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$7.0B	4% 4% Capital Deployed $7.0B (13F Equity) ÷ $171.0B (Total AUM) Very defensive posture — this fund has a large allocation outside of equities (cash, bonds, derivatives, or foreign holdings).	$164.0B Cash & Non-Equity Breakdown AUM Gap Estimate: $164.0B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
3	Ray Dalio Bridgewater Associates	$136.5B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$27.4B	20% 20% Capital Deployed $27.4B (13F Equity) ÷ $136.5B (Total AUM) Very defensive posture — this fund has a large allocation outside of equities (cash, bonds, derivatives, or foreign holdings).	$109.1B Cash & Non-Equity Breakdown AUM Gap Estimate: $109.1B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
4	Warren Buffett Berkshire Hathaway	$274.2B ^13F 13F Value (No ADV Data Available) This fund does not file Form ADV with the SEC. The 13F equity value is shown as a proxy — it represents only publicly traded equity holdings and likely understates total AUM. Deployment ratio cannot be calculated without ADV data.	$274.2B	—	$70.4B Cash & Non-Equity Breakdown AUM Gap Estimate: — XBRL Cash & Equiv: $70.4B * (From 10-K/10-Q filings. Standard GAAP cash concepts, as of 2025-12-31) * XBRL cash may understate total liquidity. Some assets (e.g., Treasury Bills) use company-specific XBRL tags not captured by the standard SEC API.	XBRL
5	First Eagle Investment Mgmt First Eagle Investment Mgmt	$101.6B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$56.8B	56% 56% Capital Deployed $56.8B (13F Equity) ÷ $101.6B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$44.8B Cash & Non-Equity Breakdown AUM Gap Estimate: $44.8B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
6	Chase Coleman Tiger Global	$69.6B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$29.7B	43% 43% Capital Deployed $29.7B (13F Equity) ÷ $69.6B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$39.8B Cash & Non-Equity Breakdown AUM Gap Estimate: $39.8B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
7	Sarah Ketterer Causeway Capital Management	$42.7B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$7.3B	17% 17% Capital Deployed $7.3B (13F Equity) ÷ $42.7B (Total AUM) Very defensive posture — this fund has a large allocation outside of equities (cash, bonds, derivatives, or foreign holdings).	$35.4B Cash & Non-Equity Breakdown AUM Gap Estimate: $35.4B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
8	Andreas Halvorsen Viking Global	$69.8B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$37.7B	54% 54% Capital Deployed $37.7B (13F Equity) ÷ $69.8B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$32.1B Cash & Non-Equity Breakdown AUM Gap Estimate: $32.1B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
9	Richard Pzena Pzena Investment Management	$63.7B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$33.4B	52% 52% Capital Deployed $33.4B (13F Equity) ÷ $63.7B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$30.3B Cash & Non-Equity Breakdown AUM Gap Estimate: $30.3B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
10	Philippe Laffont Coatue Management	$69.5B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$40.0B	57% 57% Capital Deployed $40.0B (13F Equity) ÷ $69.5B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$29.6B Cash & Non-Equity Breakdown AUM Gap Estimate: $29.6B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
11	Jim Simons Renaissance Technologies	$92.0B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$64.5B	70% 70% Capital Deployed $64.5B (13F Equity) ÷ $92.0B (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$27.5B Cash & Non-Equity Breakdown AUM Gap Estimate: $27.5B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
12	Tom Gayner Markel Group	$12.5B ^13F 13F Value (No ADV Data Available) This fund does not file Form ADV with the SEC. The 13F equity value is shown as a proxy — it represents only publicly traded equity holdings and likely understates total AUM. Deployment ratio cannot be calculated without ADV data.	$12.5B	—	$22.4B Cash & Non-Equity Breakdown AUM Gap Estimate: — XBRL Cash & Equiv: $22.4B * (From 10-K/10-Q filings. Standard GAAP cash concepts, as of 2025-12-31) * XBRL cash may understate total liquidity. Some assets (e.g., Treasury Bills) use company-specific XBRL tags not captured by the standard SEC API.	XBRL
13	Steven Romick First Pacific Advisors	$26.7B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$7.6B	28% 28% Capital Deployed $7.6B (13F Equity) ÷ $26.7B (Total AUM) Very defensive posture — this fund has a large allocation outside of equities (cash, bonds, derivatives, or foreign holdings).	$19.1B Cash & Non-Equity Breakdown AUM Gap Estimate: $19.1B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
14	Seth Klarman Baupost Group	$23.6B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$5.3B	22% 22% Capital Deployed $5.3B (13F Equity) ÷ $23.6B (Total AUM) Very defensive posture — this fund has a large allocation outside of equities (cash, bonds, derivatives, or foreign holdings).	$18.3B Cash & Non-Equity Breakdown AUM Gap Estimate: $18.3B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
15	Bill Nygren Harris Associates	$93.8B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$79.1B	84% 84% Capital Deployed $79.1B (13F Equity) ÷ $93.8B (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$14.7B Cash & Non-Equity Breakdown AUM Gap Estimate: $14.7B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
16	Dan Loeb Third Point	$21.8B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$7.3B	33% 33% Capital Deployed $7.3B (13F Equity) ÷ $21.8B (Total AUM) Very defensive posture — this fund has a large allocation outside of equities (cash, bonds, derivatives, or foreign holdings).	$14.5B Cash & Non-Equity Breakdown AUM Gap Estimate: $14.5B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
17	Polen Capital Polen Capital Management	$37.7B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$23.4B	62% 62% Capital Deployed $23.4B (13F Equity) ÷ $37.7B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$14.3B Cash & Non-Equity Breakdown AUM Gap Estimate: $14.3B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
18	Li Lu Himalaya Capital	$17.2B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$3.6B	21% 21% Capital Deployed $3.6B (13F Equity) ÷ $17.2B (Total AUM) Very defensive posture — this fund has a large allocation outside of equities (cash, bonds, derivatives, or foreign holdings).	$13.6B Cash & Non-Equity Breakdown AUM Gap Estimate: $13.6B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
19	Terry Smith Fundsmith	$30.6B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$17.1B	56% 56% Capital Deployed $17.1B (13F Equity) ÷ $30.6B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$13.5B Cash & Non-Equity Breakdown AUM Gap Estimate: $13.5B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
20	David Tepper Appaloosa LP	$17.7B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$6.9B	39% 39% Capital Deployed $6.9B (13F Equity) ÷ $17.7B (Total AUM) Very defensive posture — this fund has a large allocation outside of equities (cash, bonds, derivatives, or foreign holdings).	$10.8B Cash & Non-Equity Breakdown AUM Gap Estimate: $10.8B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
21	Lindsell Train Lindsell Train	$14.7B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$3.9B	27% 27% Capital Deployed $3.9B (13F Equity) ÷ $14.7B (Total AUM) Very defensive posture — this fund has a large allocation outside of equities (cash, bonds, derivatives, or foreign holdings).	$10.8B Cash & Non-Equity Breakdown AUM Gap Estimate: $10.8B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
22	Duan Yongping H&H International Investment	$25.5B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$17.5B	69% 69% Capital Deployed $17.5B (13F Equity) ÷ $25.5B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$8.0B Cash & Non-Equity Breakdown AUM Gap Estimate: $8.0B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
23	Henry Ellenbogen Durable Capital Partners	$18.2B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$10.6B	58% 58% Capital Deployed $10.6B (13F Equity) ÷ $18.2B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$7.6B Cash & Non-Equity Breakdown AUM Gap Estimate: $7.6B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
24	David Abrams Abrams Capital Management	$13.0B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$5.7B	44% 44% Capital Deployed $5.7B (13F Equity) ÷ $13.0B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$7.3B Cash & Non-Equity Breakdown AUM Gap Estimate: $7.3B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
25	John Armitage Egerton Capital	$16.5B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$9.2B	56% 56% Capital Deployed $9.2B (13F Equity) ÷ $16.5B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$7.3B Cash & Non-Equity Breakdown AUM Gap Estimate: $7.3B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
26	Steve Mandel Lone Pine Capital	$20.1B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$13.6B	68% 68% Capital Deployed $13.6B (13F Equity) ÷ $20.1B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$6.5B Cash & Non-Equity Breakdown AUM Gap Estimate: $6.5B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
27	Yacktman Asset Mgmt Yacktman Asset Management	$13.2B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$7.1B	54% 54% Capital Deployed $7.1B (13F Equity) ÷ $13.2B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$6.1B Cash & Non-Equity Breakdown AUM Gap Estimate: $6.1B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
28	Tweedy Browne Tweedy Browne Co.	$7.3B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$1.2B	17% 17% Capital Deployed $1.2B (13F Equity) ÷ $7.3B (Total AUM) Very defensive posture — this fund has a large allocation outside of equities (cash, bonds, derivatives, or foreign holdings).	$6.0B Cash & Non-Equity Breakdown AUM Gap Estimate: $6.0B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
29	Greenhaven Associates Greenhaven Associates	$11.7B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$6.2B	53% 53% Capital Deployed $6.2B (13F Equity) ÷ $11.7B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$5.5B Cash & Non-Equity Breakdown AUM Gap Estimate: $5.5B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
30	Chuck Akre Akre Capital Management	$14.4B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$9.1B	63% 63% Capital Deployed $9.1B (13F Equity) ÷ $14.4B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$5.3B Cash & Non-Equity Breakdown AUM Gap Estimate: $5.3B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
31	Wallace Weitz Weitz Investment Management	$6.8B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$1.7B	25% 25% Capital Deployed $1.7B (13F Equity) ÷ $6.8B (Total AUM) Very defensive posture — this fund has a large allocation outside of equities (cash, bonds, derivatives, or foreign holdings).	$5.1B Cash & Non-Equity Breakdown AUM Gap Estimate: $5.1B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
32	Jensen Investment Mgmt Jensen Investment Management	$11.2B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$6.4B	57% 57% Capital Deployed $6.4B (13F Equity) ÷ $11.2B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$4.9B Cash & Non-Equity Breakdown AUM Gap Estimate: $4.9B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
33	ValueAct Capital ValueAct Holdings	$11.4B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$7.0B	62% 62% Capital Deployed $7.0B (13F Equity) ÷ $11.4B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$4.3B Cash & Non-Equity Breakdown AUM Gap Estimate: $4.3B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
34	Greg Alexander Conifer Management	$4.7B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$604M	13% 13% Capital Deployed $604M (13F Equity) ÷ $4.7B (Total AUM) Very defensive posture — this fund has a large allocation outside of equities (cash, bonds, derivatives, or foreign holdings).	$4.1B Cash & Non-Equity Breakdown AUM Gap Estimate: $4.1B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
35	John Rogers Ariel Investments	$12.4B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$9.3B	75% 75% Capital Deployed $9.3B (13F Equity) ÷ $12.4B (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$3.1B Cash & Non-Equity Breakdown AUM Gap Estimate: $3.1B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
36	Christopher Davis Davis Selected Advisers	$25.3B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$22.2B	88% 88% Capital Deployed $22.2B (13F Equity) ÷ $25.3B (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$3.1B Cash & Non-Equity Breakdown AUM Gap Estimate: $3.1B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
37	Bill Ackman Pershing Square	$18.3B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$15.5B	85% 85% Capital Deployed $15.5B (13F Equity) ÷ $18.3B (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$2.7B Cash & Non-Equity Breakdown AUM Gap Estimate: $2.7B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
38	William Von Mueffling Cantillon Capital Mgmt	$21.0B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$18.5B	88% 88% Capital Deployed $18.5B (13F Equity) ÷ $21.0B (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$2.5B Cash & Non-Equity Breakdown AUM Gap Estimate: $2.5B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
39	Nelson Peltz Trian Fund Management	$6.3B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$4.0B	63% 63% Capital Deployed $4.0B (13F Equity) ÷ $6.3B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$2.3B Cash & Non-Equity Breakdown AUM Gap Estimate: $2.3B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
40	Mason Hawkins Southeastern Asset Mgmt	$4.3B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$2.2B	52% 52% Capital Deployed $2.2B (13F Equity) ÷ $4.3B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$2.1B Cash & Non-Equity Breakdown AUM Gap Estimate: $2.1B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
41	Mairs & Power Mairs & Power	$12.0B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$10.4B	87% 87% Capital Deployed $10.4B (13F Equity) ÷ $12.0B (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$1.6B Cash & Non-Equity Breakdown AUM Gap Estimate: $1.6B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
42	Glenn Greenberg Brave Warrior Advisors	$5.4B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$4.3B	79% 79% Capital Deployed $4.3B (13F Equity) ÷ $5.4B (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$1.1B Cash & Non-Equity Breakdown AUM Gap Estimate: $1.1B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
43	Lee Ainslie Maverick Capital	$10.3B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$9.3B	91% 91% Capital Deployed $9.3B (13F Equity) ÷ $10.3B (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$972M Cash & Non-Equity Breakdown AUM Gap Estimate: $972M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
44	FPA Queens Road Bragg Financial Advisors	$3.9B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$3.1B	79% 79% Capital Deployed $3.1B (13F Equity) ÷ $3.9B (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$832M Cash & Non-Equity Breakdown AUM Gap Estimate: $832M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
45	Third Avenue Management Third Avenue Management	$1.4B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$550M	40% 40% Capital Deployed $550M (13F Equity) ÷ $1.4B (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$811M Cash & Non-Equity Breakdown AUM Gap Estimate: $811M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
46	Mohnish Pabrai Dalal Street LLC	$1.1B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$402M	36% 36% Capital Deployed $402M (13F Equity) ÷ $1.1B (Total AUM) Very defensive posture — this fund has a large allocation outside of equities (cash, bonds, derivatives, or foreign holdings).	$711M Cash & Non-Equity Breakdown AUM Gap Estimate: $711M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
47	Dennis Hong ShawSpring Partners	$940M Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$531M	57% 57% Capital Deployed $531M (13F Equity) ÷ $940M (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$409M Cash & Non-Equity Breakdown AUM Gap Estimate: $409M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
48	AltaRock Partners AltaRock Partners	$5.4B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$5.1B	94% 94% Capital Deployed $5.1B (13F Equity) ÷ $5.4B (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$307M Cash & Non-Equity Breakdown AUM Gap Estimate: $307M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
49	Tom Bancroft Makaira Partners	$423M Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$128M	30% 30% Capital Deployed $128M (13F Equity) ÷ $423M (Total AUM) Very defensive posture — this fund has a large allocation outside of equities (cash, bonds, derivatives, or foreign holdings).	$296M Cash & Non-Equity Breakdown AUM Gap Estimate: $296M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
50	Robert Vinall RV Capital	$693M Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$430M	62% 62% Capital Deployed $430M (13F Equity) ÷ $693M (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$263M Cash & Non-Equity Breakdown AUM Gap Estimate: $263M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
51	Norbert Lou Punch Card Management	$531M Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$301M	57% 57% Capital Deployed $301M (13F Equity) ÷ $531M (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$230M Cash & Non-Equity Breakdown AUM Gap Estimate: $230M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
52	Bruce Berkowitz Fairholme Capital	$1.7B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$1.4B	87% 87% Capital Deployed $1.4B (13F Equity) ÷ $1.7B (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$220M Cash & Non-Equity Breakdown AUM Gap Estimate: $220M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
53	Valley Forge Capital Valley Forge Capital Mgmt	$4.6B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$4.4B	96% 96% Capital Deployed $4.4B (13F Equity) ÷ $4.6B (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$186M Cash & Non-Equity Breakdown AUM Gap Estimate: $186M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
54	Alex Roepers Atlantic Investment Mgmt	$352M Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$178M	50% 50% Capital Deployed $178M (13F Equity) ÷ $352M (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$175M Cash & Non-Equity Breakdown AUM Gap Estimate: $175M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
55	Robert Olstein Olstein Capital Management	$649M Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$488M	75% 75% Capital Deployed $488M (13F Equity) ÷ $649M (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$161M Cash & Non-Equity Breakdown AUM Gap Estimate: $161M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
56	Hillman Capital Hillman Capital Management	$308M Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$159M	52% 52% Capital Deployed $159M (13F Equity) ÷ $308M (Total AUM) Moderate equity allocation with significant diversification into non-equity assets.	$149M Cash & Non-Equity Breakdown AUM Gap Estimate: $149M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
57	Pat Dorsey Dorsey Asset Management	$1.3B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$1.2B	89% 89% Capital Deployed $1.2B (13F Equity) ÷ $1.3B (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$140M Cash & Non-Equity Breakdown AUM Gap Estimate: $140M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
58	Josh Tarasoff Greenlea Lane Capital	$479M Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$343M	72% 72% Capital Deployed $343M (13F Equity) ÷ $479M (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$136M Cash & Non-Equity Breakdown AUM Gap Estimate: $136M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
59	David Katz Matrix Asset Advisors	$1.2B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$1.1B	93% 93% Capital Deployed $1.1B (13F Equity) ÷ $1.2B (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$79M Cash & Non-Equity Breakdown AUM Gap Estimate: $79M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
60	Bill Miller Miller Value Partners	$362M Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$284M	78% 78% Capital Deployed $284M (13F Equity) ÷ $362M (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$78M Cash & Non-Equity Breakdown AUM Gap Estimate: $78M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
61	Bryan Lawrence Oakcliff Capital	$302M Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$233M	77% 77% Capital Deployed $233M (13F Equity) ÷ $302M (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$69M Cash & Non-Equity Breakdown AUM Gap Estimate: $69M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
62	Harry Burn Sound Shore Management	$3.2B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$3.1B	98% 98% Capital Deployed $3.1B (13F Equity) ÷ $3.2B (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$55M Cash & Non-Equity Breakdown AUM Gap Estimate: $55M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
63	Glenn Welling Engaged Capital	$432M Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$392M	91% 91% Capital Deployed $392M (13F Equity) ÷ $432M (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$40M Cash & Non-Equity Breakdown AUM Gap Estimate: $40M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
64	Torray LLC Torray Investment Partners	$726M Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$698M	96% 96% Capital Deployed $698M (13F Equity) ÷ $726M (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$27M Cash & Non-Equity Breakdown AUM Gap Estimate: $27M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
65	David Rolfe Wedgewood Partners	$540M Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$535M	99% 99% Capital Deployed $535M (13F Equity) ÷ $540M (Total AUM) Heavily deployed in equities with a relatively small non-equity allocation.	$4M Cash & Non-Equity Breakdown AUM Gap Estimate: $4M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: —	ADV
66	Leopold Aschenbrenner Situational Awareness LP	$5.5B ^13F 13F Value (No ADV Data Available) This fund does not file Form ADV with the SEC. The 13F equity value is shown as a proxy — it represents only publicly traded equity holdings and likely understates total AUM. Deployment ratio cannot be calculated without ADV data.	$5.5B	—	—
67	AKO Capital AKO Capital	$6.6B ^13F 13F Value (No ADV Data Available) This fund does not file Form ADV with the SEC. The 13F equity value is shown as a proxy — it represents only publicly traded equity holdings and likely understates total AUM. Deployment ratio cannot be calculated without ADV data.	$6.6B	—	—
68	Stanley Druckenmiller Duquesne Family Office	$4.5B ^13F 13F Value (No ADV Data Available) This fund does not file Form ADV with the SEC. The 13F equity value is shown as a proxy — it represents only publicly traded equity holdings and likely understates total AUM. Deployment ratio cannot be calculated without ADV data.	$4.5B	—	—
69	David Einhorn Greenlight Capital	$2.0B ^13F 13F Value (No ADV Data Available) This fund does not file Form ADV with the SEC. The 13F equity value is shown as a proxy — it represents only publicly traded equity holdings and likely understates total AUM. Deployment ratio cannot be calculated without ADV data.	$2.0B	—	—
70	Leon Cooperman Omega Advisors	$1.0B ^13F 13F Value (No ADV Data Available) This fund does not file Form ADV with the SEC. The 13F equity value is shown as a proxy — it represents only publicly traded equity holdings and likely understates total AUM. Deployment ratio cannot be calculated without ADV data.	$1.0B	—	—
71	Guy Spier Aquamarine Capital	$170M ^13F 13F Value (No ADV Data Available) This fund does not file Form ADV with the SEC. The 13F equity value is shown as a proxy — it represents only publicly traded equity holdings and likely understates total AUM. Deployment ratio cannot be calculated without ADV data.	$170M	—	—
72	Prem Watsa Fairfax Financial Holdings	$2.1B ^13F 13F Value (No ADV Data Available) This fund does not file Form ADV with the SEC. The 13F equity value is shown as a proxy — it represents only publicly traded equity holdings and likely understates total AUM. Deployment ratio cannot be calculated without ADV data.	$2.1B	—	—
73	Carl Icahn Icahn Capital	$8.4B ^13F 13F Value (No ADV Data Available) This fund does not file Form ADV with the SEC. The 13F equity value is shown as a proxy — it represents only publicly traded equity holdings and likely understates total AUM. Deployment ratio cannot be calculated without ADV data.	$8.4B	—	—
74	Bill & Melinda Gates Foundation Gates Foundation Trust	$35.4B ^13F 13F Value (No ADV Data Available) This fund does not file Form ADV with the SEC. The 13F equity value is shown as a proxy — it represents only publicly traded equity holdings and likely understates total AUM. Deployment ratio cannot be calculated without ADV data.	$35.4B	—	—
75	Francis Chou Chou Associates	$202M ^13F 13F Value (No ADV Data Available) This fund does not file Form ADV with the SEC. The 13F equity value is shown as a proxy — it represents only publicly traded equity holdings and likely understates total AUM. Deployment ratio cannot be calculated without ADV data.	$202M	—	—
76	Michael Burry Scion Asset Mgmt	$1.4B ^13F 13F Value (No ADV Data Available) This fund does not file Form ADV with the SEC. The 13F equity value is shown as a proxy — it represents only publicly traded equity holdings and likely understates total AUM. Deployment ratio cannot be calculated without ADV data.	$1.4B	—	—
77	Chris Hohn TCI Fund Management	$53.6B ^13F 13F Value (No ADV Data Available) This fund does not file Form ADV with the SEC. The 13F equity value is shown as a proxy — it represents only publicly traded equity holdings and likely understates total AUM. Deployment ratio cannot be calculated without ADV data.	$53.6B	—	—
78	Triple Frond Partners Triple Frond Partners	$962M ^13F 13F Value (No ADV Data Available) This fund does not file Form ADV with the SEC. The 13F equity value is shown as a proxy — it represents only publicly traded equity holdings and likely understates total AUM. Deployment ratio cannot be calculated without ADV data.	$962M	—	—
79	Kahn Brothers Kahn Brothers Group	$434M Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$565M	130% 130% Capital Deployed (Over 100%) 13F Equity ($565M) exceeds Total AUM ($434M). This typically means: 1. The fund uses leverage (margin, derivatives) to hold equity positions larger than its AUM. 2. The Form ADV AUM figure is stale — ADV is filed annually and the fund may have grown since. This is not an error in our data.	-$131M Cash & Non-Equity Breakdown AUM Gap Estimate: -$131M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: — Negative value: 13F equity exceeds total AUM. This typically means the fund uses leverage, or the ADV AUM figure is stale (filed annually). This is not an error.	ADV
80	Christopher Bloomstran Semper Augustus	$693M Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$870M	125% 125% Capital Deployed (Over 100%) 13F Equity ($870M) exceeds Total AUM ($693M). This typically means: 1. The fund uses leverage (margin, derivatives) to hold equity positions larger than its AUM. 2. The Form ADV AUM figure is stale — ADV is filed annually and the fund may have grown since. This is not an error in our data.	-$177M Cash & Non-Equity Breakdown AUM Gap Estimate: -$177M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: — Negative value: 13F equity exceeds total AUM. This typically means the fund uses leverage, or the ADV AUM figure is stale (filed annually). This is not an error.	ADV
81	Thomas Russo Gardner Russo & Quinn	$9.0B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$9.3B	102% 102% Capital Deployed (Over 100%) 13F Equity ($9.3B) exceeds Total AUM ($9.0B). This typically means: 1. The fund uses leverage (margin, derivatives) to hold equity positions larger than its AUM. 2. The Form ADV AUM figure is stale — ADV is filed annually and the fund may have grown since. This is not an error in our data.	-$217M Cash & Non-Equity Breakdown AUM Gap Estimate: -$217M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: — Negative value: 13F equity exceeds total AUM. This typically means the fund uses leverage, or the ADV AUM figure is stale (filed annually). This is not an error.	ADV
82	Francois Rochon Giverny Capital	$2.7B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$3.0B	111% 111% Capital Deployed (Over 100%) 13F Equity ($3.0B) exceeds Total AUM ($2.7B). This typically means: 1. The fund uses leverage (margin, derivatives) to hold equity positions larger than its AUM. 2. The Form ADV AUM figure is stale — ADV is filed annually and the fund may have grown since. This is not an error in our data.	-$294M Cash & Non-Equity Breakdown AUM Gap Estimate: -$294M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: — Negative value: 13F equity exceeds total AUM. This typically means the fund uses leverage, or the ADV AUM figure is stale (filed annually). This is not an error.	ADV
83	Samantha McLemore Patient Capital Management	$2.1B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$2.6B	124% 124% Capital Deployed (Over 100%) 13F Equity ($2.6B) exceeds Total AUM ($2.1B). This typically means: 1. The fund uses leverage (margin, derivatives) to hold equity positions larger than its AUM. 2. The Form ADV AUM figure is stale — ADV is filed annually and the fund may have grown since. This is not an error in our data.	-$509M Cash & Non-Equity Breakdown AUM Gap Estimate: -$509M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: — Negative value: 13F equity exceeds total AUM. This typically means the fund uses leverage, or the ADV AUM figure is stale (filed annually). This is not an error.	ADV
84	Clifford Sosin CAS Investment Partners	$1.8B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$2.3B	129% 129% Capital Deployed (Over 100%) 13F Equity ($2.3B) exceeds Total AUM ($1.8B). This typically means: 1. The fund uses leverage (margin, derivatives) to hold equity positions larger than its AUM. 2. The Form ADV AUM figure is stale — ADV is filed annually and the fund may have grown since. This is not an error in our data.	-$525M Cash & Non-Equity Breakdown AUM Gap Estimate: -$525M (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: — Negative value: 13F equity exceeds total AUM. This typically means the fund uses leverage, or the ADV AUM figure is stale (filed annually). This is not an error.	ADV
85	Ken Griffin Citadel Advisors	$446.0B Form ADV Regulatory AUM Reported on Form ADV, Item 5.F(2)(c) — the total regulatory assets under management as of the fund's most recent annual SEC filing. ADV filings are updated annually. This figure may be up to 12 months old.	$665.9B	149% 149% Capital Deployed (Over 100%) 13F Equity ($665.9B) exceeds Total AUM ($446.0B). This typically means: 1. The fund uses leverage (margin, derivatives) to hold equity positions larger than its AUM. 2. The Form ADV AUM figure is stale — ADV is filed annually and the fund may have grown since. This is not an error in our data.	-$219.9B Cash & Non-Equity Breakdown AUM Gap Estimate: -$219.9B (= Total AUM − 13F Equity. Includes bonds, cash, derivatives, foreign holdings) XBRL Cash & Equiv: — Negative value: 13F equity exceeds total AUM. This typically means the fund uses leverage, or the ADV AUM figure is stale (filed annually). This is not an error.	ADV

About this data

Capital Deployed = 13F Equity Value / Total AUM (from Form ADV). Sorted by estimated cash, highest first.

A low ratio means the fund has a large portion of its AUM in non-equity assets (cash, bonds, derivatives, foreign holdings). This is a proxy — not all non-equity assets are cash.

Ratios above 100% can occur when a fund uses leverage, or when the Form ADV AUM figure is stale (ADV is filed annually).

Data sources: Form ADV regulatory AUM from SEC bulk data (updated monthly). XBRL cash from 10-K/10-Q filings (quarterly).

Cash (Est.) shows the best available estimate of liquid assets. Hover any value to see the breakdown: Est. from AUM gap (= RAUM − 13F equity, when ADV data exists) and XBRL Cash & Equiv (from 10-K/10-Q filings). When both are available, the XBRL figure is shown by default.

* XBRL Cash & Equiv reflects standard GAAP concepts (cash, cash equivalents, and available-for-sale securities). It may not include all liquid assets — for example, Berkshire Hathaway's U.S. Treasury Bill holdings are reported under a company-specific tag not captured by the standard XBRL API. Treat as a lower bound.