Hedge Funds with Highest Portfolio Turnover — Q3 2025

Funds ranked by portfolio turnover percentage. These are the most active traders among institutional investors, significantly reshaping their portfolios quarter over quarter.

#	Fund	Portfolio Value	Turnover %	New
1	SHELTON CAPITAL MANAGEMENT	$4.7B	100.0%	719
2	MARTIN & CO INC /TN/	$561.9M	100.0%	99
3	HBK INVESTMENTS L P	$9.0B	100.0%	196
4	ORLEANS CAPITAL MANAGEMENT CORP/LA	$154.7M	100.0%	103
5	BRANDES INVESTMENT PARTNERS, LP	$12.5B	100.0%	180
6	NATIXIS ADVISORS, LLC	$68.5M	100.0%	1612
7	SANDS CAPITAL MANAGEMENT, LLC	$36.2B	100.0%	64
8	D L CARLSON INVESTMENT GROUP INC	$595.8M	100.0%	138
9	KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	$41.0B	100.0%	1024
10	SUMITOMO MITSUI FINANCIAL GROUP, INC.	$5.7B	100.0%	155
11	POLEN CAPITAL MANAGEMENT LLC	$30.8B	100.0%	231
12	TIMUCUAN ASSET MANAGEMENT INC/FL	$3.4B	100.0%	28
13	QUEST INVESTMENT MANAGEMENT LLC	$838.7M	100.0%	133
14	BOSTON FAMILY OFFICE LLC	$1.6M	100.0%	295
15	VICTORY CAPITAL MANAGEMENT INC	$171.0B	100.0%	2401
16	LITTLEJOHN & CO LLC	$198.2M	100.0%	19
17	NEW SOUTH CAPITAL MANAGEMENT INC	$2.2B	100.0%	57
18	PARAGON ASSOCIATES & PARAGON ASSOCIATES II JOINT VENTURE	$56.1M	100.0%	12
19	CONTRARIAN CAPITAL MANAGEMENT, L.L.C.	$396.3M	100.0%	36
20	OMERS ADMINISTRATION Corp	$13.9B	100.0%	1119
21	Artal Group S.A.	$758.2M	100.0%	2
22	ICON ADVISERS INC/CO	$1.4B	100.0%	177
23	Capital International Sarl	$5.8B	100.0%	279
24	CAPITAL INTERNATIONAL LTD /CA/	$2.8B	100.0%	145
25	ORIX CORP	$36.6M	100.0%	1
26	TODD ASSET MANAGEMENT LLC	$4.9B	100.0%	175
27	Peloton Wealth Strategists	$254K	100.0%	93
28	GABELLI FUNDS LLC	$14.7B	100.0%	1200
29	PORTLAND INVESTMENT COUNSEL INC.	$365.4M	100.0%	51
30	SYSTEMATIC FINANCIAL MANAGEMENT LP	$4.1B	100.0%	245
31	SCHRODER INVESTMENT MANAGEMENT GROUP	$127.5B	100.0%	1170
32	FORMULA GROWTH LTD	$281.1M	100.0%	122
33	CHESAPEAKE CAPITAL CORP /IL/	$111.4M	100.0%	150
34	ADVENT CAPITAL MANAGEMENT /DE/	$4.6B	100.0%	219
35	SUN LIFE FINANCIAL INC	$2.0M	100.0%	36
36	METLIFE INC	$11.1M	100.0%	6
37	THIRD AVENUE MANAGEMENT LLC	$532.7M	100.0%	49
38	AmeriServ Wealth Advisors	$197.9M	100.0%	58
39	ROBOTTI ROBERT	$576.4M	100.0%	60
40	PHILADELPHIA TRUST CO	$1.4M	100.0%	257
41	CAPITAL COUNSEL LLC/NY	$2.3B	100.0%	59
42	FIRST TRUST ADVISORS LP	$134.3B	100.0%	2553
43	IRONWOOD INVESTMENT MANAGEMENT LLC	$228.7M	100.0%	169
44	CHARTIST INC /CA/	$112.9M	100.0%	17
45	DE BURLO GROUP INC	$829.9M	100.0%	78
46	JB CAPITAL PARTNERS LP	$590.8M	100.0%	84
47	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	$150.0B	100.0%	3748
48	THORNBURG INVESTMENT MANAGEMENT INC	$7.7B	100.0%	176
49	OKABENA INVESTMENT SERVICES INC	$514.7M	100.0%	138
50	MCMORGAN & CO LLC	$649.5M	100.0%	59
51	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	$158.6B	100.0%	1817
52	CAUSEWAY CAPITAL MANAGEMENT LLC	$7.6B	100.0%	105
53	LEUTHOLD GROUP, LLC	$910.6M	100.0%	202
54	NICOLET BANKSHARES INC	$622.3M	100.0%	216
55	TEXAS TREASURY SAFEKEEPING TRUST CO	$701K	100.0%	2
56	CREDIT AGRICOLE S A	$37.7B	100.0%	964
57	ADAMS STREET PARTNERS LLC	$153.2M	100.0%	5
58	ENDEAVOUR CAPITAL ADVISORS INC	$330.6M	100.0%	35
59	TOWLE & CO	$396.4M	100.0%	47
60	NATIXIS	$21.6B	100.0%	1033
61	CLOUGH CAPITAL PARTNERS L P	$1.1B	100.0%	106
62	CORSAIR CAPITAL MANAGEMENT, L.P.	$574.4M	100.0%	163
63	SILVERBACK ASSET MANAGEMENT LLC	$1.0B	100.0%	62
64	BRANT POINT INVESTMENT MANAGEMENT LLC	$925.2M	100.0%	107
65	SHEN NEIL NANPENG	$88K	100.0%	2
66	GUGGENHEIM CAPITAL LLC	$13.8B	100.0%	1561
67	WINSLOW ASSET MANAGEMENT INC	$473K	100.0%	69
68	BASSO CAPITAL MANAGEMENT, L.P.	$149.4M	100.0%	78
69	Shannon River Fund Management LLC	$621.2M	100.0%	20
70	Channing Capital Management, LLC	$3.8B	100.0%	108
71	SCS Capital Management LLC	$9.2B	100.0%	507
72	Epoch Investment Partners, Inc.	$18.2B	100.0%	273
73	GuideStone Capital Management, LLC	$74.8M	100.0%	1
74	Avalon Global Asset Management LLC	$874K	100.0%	38
75	Burgundy Asset Management Ltd.	$10.6B	100.0%	109
76	Mondrian Investment Partners LTD	$6.0B	100.0%	96
77	Latash Investments, LLC	$137.2M	100.0%	17
78	MARSHALL WACE, LLP	$98.5B	100.0%	2457
79	RR Advisors, LLC	$422K	100.0%	28
80	Foyston, Gordon & Payne Inc	$457.5M	100.0%	55
81	CAPITAL FUND MANAGEMENT S.A.	$38.2B	100.0%	1217
82	Amundi	$311.1B	100.0%	1580
83	BANK OF NOVA SCOTIA TRUST CO	$1.1B	100.0%	130
84	SCOTIA CAPITAL INC.	$23.5B	100.0%	897
85	Trigran Investments, Inc.	$551.6M	100.0%	17
86	Estabrook Capital Management	$686.0M	100.0%	320
87	BROWN ADVISORY INC	$76.8B	100.0%	1369
88	United American Securities Inc. (d/b/a UAS Asset Management)	$472.6M	100.0%	14
89	Portolan Capital Management, LLC	$1.8B	100.0%	119
90	INDUS CAPITAL PARTNERS, LLC	$29.7M	100.0%	3
91	JACOBS ASSET MANAGEMENT, LLC	$182.7M	100.0%	31
92	Findlay Park Partners LLP	$9.5B	100.0%	56
93	Miura Global Management, LLC	$67.9M	100.0%	16
94	Grantham, Mayo, Van Otterloo & Co. LLC	$35.5B	100.0%	598
95	Cutler Capital Management, LLC	$291.0M	100.0%	112
96	Gladstone Capital Management LLP	$915.5M	100.0%	23
97	MAKENA CAPITAL MANAGEMENT LLC	$968.5M	100.0%	24
98	Beutel, Goodman & Co Ltd.	$16.6M	100.0%	175
99	American Investment Services, Inc.	$416.2M	100.0%	134
100	AKO CAPITAL LLP	$7.0M	100.0%	23

Data sourced from SEC 13F filings for Q3 2025. Filings are delayed up to 45 days after quarter end.

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Frequently Asked Questions

How is turnover calculated?

Portfolio turnover measures the percentage of a fund's holdings that changed between the current and previous quarter, based on new and closed positions relative to total holdings.

When is this data updated?

13F filings are due 45 days after each quarter end. Data is updated as new filings become available.