Top Small- & Mid-Cap Focused Hedge Funds surpass $125 Billion Mark

Date: Monday, December 17, 2012
Author: HedgeTracker

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..