Research Report · 2026-06-30
Top Registered Investment Advisers for Government Entities
SEC-registered investment advisers ranked by reported assets from state, municipal, and government clients.
Firms
1,000
Total AUM
$86.89T
Median AUM
$7.28B
Latest Filing
2026-06-30
| Rank↕ | Firm Name | CRD↕ | Government Assets↕ | AUM↕ | Employees↕ | Latest Filing | |
|---|---|---|---|---|---|---|---|
| 1 | ASSET MANAGEMENT ONE CO., LTD. | 110843 | $249.18B | $470.54B | 950 | 2026-06-30 | → |
| 2 | BLACKROCK FINANCIAL MANAGEMENT, INC | 107105 | $172.83B | $1.60T | 7,987 | 2026-06-30 | → |
| 3 | FEDERATED INVESTMENT COUNSELING | 105325 | $156.97B | $207.21B | 213 | 2026-05-31 | → |
| 4 | SBI FUNDS MANAGEMENT LIMITED | 142968 | $133.04B | $219.93B | 2,463 | 2026-06-30 | → |
| 5 | NISA INVESTMENT ADVISORS, LLC | 107313 | $107.59B | $343.89B | 417 | 2026-03-31 | → |
| 6 | U.S. BANCORP ASSET MANAGEMENT, INC. | 111912 | $102.20B | $427.48B | 322 | 2026-03-31 | → |
| 7 | PACIFIC INVESTMENT MANAGEMENT COMPANY LLC | 104559 | $95.27B | $3.67T | 1,968 | 2026-05-31 | → |
| 8 | MELLON INVESTMENTS CORPORATION | 105764 | $86.96B | $873.87B | 98 | 2026-05-31 | → |
| 9 | NOMURA ASSET MANAGEMENT CO., LTD. | 110814 | $79.79B | $601.79B | 960 | 2026-06-30 | → |
| 10 | RHUMBLINE ADVISERS LTD PARTNERSHIP | 107151 | $78.33B | $136.48B | 32 | 2026-03-31 | → |
| 11 | TIAA-CREF TUITION FINANCING, INC. | 108580 | $70.51B | $70.51B | 65 | 2026-06-30 | → |
| 12 | WELLINGTON MANAGEMENT COMPANY LLP | 106595 | $69.81B | $1.43T | 1,868 | 2026-03-31 | → |
| 13 | MEEDER PUBLIC FUNDS, INC. | 106816 | $64.86B | $70.16B | 77 | 2026-06-30 | → |
| 14 | J.P. MORGAN INVESTMENT MANAGEMENT INC. | 107038 | $63.67B | $3.52T | 3,194 | 2026-06-30 | → |
| 15 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 111298 | $59.59B | $351.32B | 519 | 2026-04-30 | → |
| 16 | ALLIANCEBERNSTEIN L.P. | 108477 | $56.31B | $763.40B | 4,204 | 2026-03-31 | → |
| 17 | FIDELITY MANAGEMENT & RESEARCH COMPANY LLC | 108281 | $55.90B | $5.69T | 1,427 | 2026-03-31 | → |
| 18 | T. ROWE PRICE ASSOCIATES, INC. | 105496 | $53.87B | $2.20T | 3,760 | 2026-03-31 | → |
| 19 | RUSSELL INVESTMENTS IMPLEMENTATION SERVICES, LLC | 329 | $52.05B | $81.09B | 569 | 2026-03-31 | → |
| 20 | PATHWAY CAPITAL MANAGEMENT, LP | 108016 | $48.80B | $97.82B | 248 | 2026-06-30 | → |
| 21 | LOOMIS, SAYLES & COMPANY, L.P. | 105377 | $45.62B | $386.88B | 728 | 2026-03-31 | → |
| 22 | RECORD CURRENCY MANAGEMENT LIMITED | 110893 | $43.35B | $114.16B | 87 | 2026-06-30 | → |
| 23 | PRINCIPAL REAL ESTATE INVESTORS, LLC | 109008 | $41.03B | $105.65B | 477 | 2026-05-31 | → |
| 24 | ACADIAN ASSET MANAGEMENT LLC | 106609 | $40.50B | $177.46B | 375 | 2026-05-31 | → |
| 25 | PAYDEN & RYGEL | 107160 | $39.39B | $158.23B | 194 | 2026-03-31 | → |
| 26 | CHANDLER ASSET MANAGEMENT INC | 107287 | $37.75B | $45.31B | 54 | 2026-03-31 | → |
| 27 | HILLTOP SECURITIES ASSET MANAGEMENT, LLC | 110760 | $37.70B | $37.70B | 31 | 2026-03-31 | → |
| 28 | HAMILTON LANE ADVISORS, L.L.C. | 107876 | $36.82B | $141.83B | 740 | 2026-06-30 | → |
| 29 | CAPFINANCIAL PARTNERS, LLC | 175112 | $36.55B | $1.24T | 1,841 | 2026-05-31 | → |
| 30 | GOVERNMENT PORTFOLIO ADVISORS LLC | 170384 | $35.07B | $35.09B | 10 | 2026-03-31 | → |
| 31 | BAILLIE GIFFORD OVERSEAS LTD | 110296 | $34.69B | $144.00B | 1,583 | 2026-05-31 | → |
| 32 | LSV ASSET MANAGEMENT | 109918 | $30.45B | $104.25B | 45 | 2026-03-31 | → |
| 33 | INVESCO ADVISERS, INC. | 105360 | $29.64B | $749.52B | 2,804 | 2026-06-30 | → |
| 34 | DODGE & COX | 104596 | $29.40B | $466.56B | 336 | 2026-04-30 | → |
| 35 | NEUBERGER BERMAN INVESTMENT ADVISERS LLC | 124687 | $27.81B | $398.65B | 1,542 | 2026-03-31 | → |
| 36 | PGIM, INC. | 105676 | $26.71B | $1.13T | 1,990 | 2026-04-30 | → |
| 37 | GALLIARD CAPITAL MANAGEMENT, LLC | 106487 | $26.54B | $80.27B | 89 | 2026-03-31 | → |
| 38 | EMPOWER ADVISORY GROUP, LLC | 112058 | $25.56B | $195.43B | 8,051 | 2026-06-30 | → |
| 39 | ALLSPRING GLOBAL INVESTMENTS, LLC | 104973 | $25.26B | $475.78B | 956 | 2026-05-31 | → |
| 40 | MONDRIAN INVESTMENT PARTNERS LIMITED | 107432 | $24.86B | $49.31B | 133 | 2026-04-30 | → |
| 41 | BLACKROCK ADVISORS, LLC | 106614 | $24.69B | $1.10T | 146 | 2026-05-31 | → |
| 42 | WALTER SCOTT & PARTNERS LIMITED | 112161 | $24.00B | $66.67B | 162 | 2026-03-31 | → |
| 43 | FISHER ASSET MANAGEMENT, LLC | 107342 | $23.74B | $386.67B | 4,369 | 2026-04-30 | → |
| 44 | DWS INTERNATIONAL GMBH | 105075 | $22.63B | $228.87B | 703 | 2026-05-31 | → |
| 45 | LAZARD ASSET MANAGEMENT LLC | 122836 | $21.50B | $120.52B | 532 | 2026-03-31 | → |
| 46 | NORTHERN TRUST GLOBAL INVESTMENTS LTD | 111900 | $19.91B | $208.39B | 115 | 2026-03-31 | → |
| 47 | MFS INSTITUTIONAL ADVISORS INC. | 107144 | $19.67B | $113.59B | 1,311 | 2026-03-31 | → |
| 48 | RBC GLOBAL ASSET MANAGEMENT (UK) LIMITED | 168551 | $19.01B | $178.01B | 471 | 2026-04-30 | → |
| 49 | DIMENSIONAL FUND ADVISORS LP | 106482 | $18.86B | $1.02T | 1,168 | 2026-03-31 | → |
| 50 | XPONANCE LLC | 111126 | $18.72B | $24.27B | 46 | 2026-04-30 | → |
| 51 | JPMORGAN ASSET MANAGEMENT (UK) LIMITED | 135960 | $18.55B | $484.10B | 1,403 | 2026-04-30 | → |
| 52 | NOMURA CORPORATE RESEARCH AND ASSET MANAGEMENT INC | 110411 | $18.43B | $37.56B | 50 | 2026-06-30 | → |
| 53 | CONNOR CLARK & LUNN INVESTMENT MANAGEMENT LTD | 107557 | $18.30B | $85.59B | 155 | 2026-06-30 | → |
| 54 | PORTFOLIO ADVISORS LLC | 105981 | $18.05B | $47.84B | 164 | 2026-03-31 | → |
| 55 | INCOME RESEARCH + MANAGEMENT | 104863 | $17.81B | $130.65B | 218 | 2026-03-31 | → |
| 56 | CBRE INVESTMENT MANAGEMENT INDIRECT LIMITED | 163590 | $17.35B | $50.42B | 122 | 2026-03-31 | → |
| 57 | VOYA INVESTMENT MANAGEMENT CO. LLC | 106494 | $17.33B | $274.95B | 859 | 2026-03-31 | → |
| 58 | PNC CAPITAL ADVISORS LLC | 151829 | $17.24B | $50.88B | 258 | 2026-03-31 | → |
| 59 | STERLING CAPITAL MANAGEMENT LLC | 135405 | $17.22B | $69.23B | 186 | 2026-03-31 | → |
| 60 | LEE OVERLAY PARTNERS LTD | 110822 | $17.04B | $21.26B | 30 | 2025-09-30 | → |
| 61 | VALLEY VIEW CONSULTING LLC | 108583 | $16.40B | $16.40B | 11 | 2026-04-30 | → |
| 62 | RECORD CURRENCY MANAGEMENT (US) INC | 171338 | $15.81B | $19.66B | 3 | 2026-06-30 | → |
| 63 | BARROW, HANLEY, MEWHINNEY & STRAUSS, LLC | 105519 | $15.80B | $59.04B | 94 | 2026-03-31 | → |
| 64 | PUBLIC TRUST ADVISORS, LLC | 159189 | $15.72B | $104.24B | 157 | 2026-04-30 | → |
| 65 | NEW ENGLAND ASSET MANAGEMENT, INC. | 105900 | $15.23B | $111.72B | 122 | 2026-03-31 | → |
| 66 | BRANDES INVESTMENT PARTNERS, LP | 105404 | $14.99B | $40.65B | 149 | 2026-04-30 | → |
| 67 | GI MANAGER L.P. | 161573 | $14.94B | $35.74B | 160 | 2026-03-31 | → |
| 68 | EARNEST PARTNERS LLC | 107926 | $14.93B | $42.61B | 47 | 2026-06-30 | → |
| 69 | SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA INC | 105820 | $14.61B | $150.40B | 254 | 2026-03-31 | → |
| 70 | PZENA INVESTMENT MANAGEMENT LLC | 106847 | $14.48B | $81.44B | 164 | 2026-03-31 | → |
| 71 | BLACKROCK INVESTMENT MANAGEMENT, LLC | 108928 | $14.15B | $676.69B | 1,589 | 2026-06-30 | → |
| 72 | AQR CAPITAL MANAGEMENT, LLC | 111883 | $13.88B | $311.70B | 728 | 2026-05-31 | → |
| 73 | GARCIA HAMILTON & ASSOCIATES LP | 108017 | $13.70B | $24.86B | 41 | 2026-03-31 | → |
| 74 | MACKAY SHIELDS LLC | 107717 | $13.08B | $159.52B | 206 | 2026-04-30 | → |
| 75 | ASCENSUS INVESTMENT ADVISORS, LLC | 120632 | $12.97B | $12.97B | 48 | 2026-01-31 | → |
| 76 | RBC GLOBAL ASSET MANAGEMENT (U.S.) INC. | 107173 | $12.92B | $104.49B | 212 | 2026-05-31 | → |
| 77 | CAUSEWAY CAPITAL MANAGEMENT LLC | 113308 | $12.67B | $62.24B | 103 | 2026-03-31 | → |
| 78 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 173961 | $11.93B | $65.60B | 388 | 2026-04-30 | → |
| 79 | SCHRODER INVESTMENT MANAGEMENT NORTH AMERICA LTD | 106585 | $11.81B | $82.55B | 300 | 2026-03-31 | → |
| 80 | WESTERN ASSET MANAGEMENT COMPANY, LLC | 110441 | $11.64B | $184.99B | 137 | 2026-06-30 | → |
| 81 | PICTET ASSET MANAGEMENT SA | 140074 | $11.59B | $330.70B | 549 | 2026-06-30 | → |
| 82 | INVESCO ASSET MANAGEMENT LTD. | 109985 | $11.48B | $187.60B | 930 | 2026-03-31 | → |
| 83 | JENNISON ASSOCIATES LLC | 107959 | $10.72B | $214.84B | 360 | 2026-03-31 | → |
| 84 | ANTARES CAPITAL ADVISERS LLC | 281998 | $10.32B | $47.39B | 466 | 2026-03-31 | → |
| 85 | METLIFE INVESTMENT MANAGEMENT, LLC | 142463 | $10.04B | $563.78B | 956 | 2026-05-31 | → |
| 86 | CONNING, INC. | 107423 | $9.85B | $106.90B | 270 | 2026-03-31 | → |
| 87 | DIMENSIONAL FUND ADVISORS LTD | 107472 | $9.84B | $364.73B | 162 | 2026-03-31 | → |
| 88 | DFA AUSTRALIA LIMITED | 107621 | $9.84B | $361.60B | 134 | 2026-03-31 | → |
| 89 | MARATHON ASSET MANAGEMENT LIMITED | 132391 | $9.82B | $39.04B | 74 | 2026-05-31 | → |
| 90 | KINDRED SPIRITS INVESTMENT MANAGEMENT, LLC | 171615 | $9.67B | $9.68B | 9 | 2026-02-28 | → |
| 91 | FIAM LLC | 133196 | $9.66B | $347.73B | 196 | 2026-03-31 | → |
| 92 | UBS ASSET MANAGEMENT (AMERICAS) LLC | 106838 | $9.41B | $588.22B | 574 | 2026-03-31 | → |
| 93 | TCW ASSET MANAGEMENT COMPANY LLC | 105742 | $9.33B | $81.18B | 431 | 2026-05-31 | → |
| 94 | GQG PARTNERS LLC | 283720 | $9.04B | $163.86B | 227 | 2026-03-31 | → |
| 95 | PINEBRIDGE INVESTMENTS LLC | 285211 | $8.85B | $76.73B | 239 | 2026-05-31 | → |
| 96 | THE ROCK CREEK GROUP, LP | 125409 | $8.73B | $18.38B | 62 | 2026-05-31 | → |
| 97 | WCM INVESTMENT MANAGEMENT, LLC | 104702 | $8.73B | $96.77B | 102 | 2026-03-31 | → |
| 98 | WERTZ YORK CAPITAL MANAGEMENT GROUP, LLC | 115344 | $8.58B | $18.16B | 20 | 2026-03-31 | → |
| 99 | SHUSTER ADVISORY GROUP, LLC | 170233 | $8.53B | $10.32B | 15 | 2026-05-31 | → |
| 100 | NEPC, LLC | 110562 | $8.52B | $152.72B | 379 | 2026-05-31 | → |
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