monthly highlights, January 2020 to presentData through 2026-05-31
The surges, drawdowns, launches, takeovers, and consolidations in SEC adviser filings, one per month, newest first. Firm names link to their pages; sources link to coverage.
+$1.7B$209.1M → $1.9B · top of the May movers board
Magnetar’s registered adviser scaled ninefold in a single filing. Behind it: Coinbase Asset Management, the exchange’s fund arm, rose from $87.8M to $840.5M, and Maceratio reached $1.2B. Most advisers amend in Q1, so the May board fills out as off‑cycle filings land.
early reads
2026-04Top moverThird Point LlcAsset Manager$21.8B → $28.7B +$7.0B
The largest organic gain among asset managers: net inflows and performance, not acquisition, with headcount and client count broadly flat. Also this month: Carlyle agreed to take a majority stake in $52.1B MAI Capital at a valuation above $2.8B.
$5.3Bday one · largest launch since ExodusPoint (2018)
Bobby Jain’s multi‑strategy debut; first ADV filed 2024‑05‑01, RAUM $32.4B by 2026. Backers included ADIA, Goldman Sachs, HSBC, Morgan Stanley, and UBS.
Diego Megia’s macro debut, the largest of 2024; six affiliated registrants first filed 2024‑02‑06. Gross RAUM near $205B by late 2025 reflects macro leverage, not capital raised.
Franklin completed the Putnam acquisition; Putnam RAUM recovered from $91B to $117B over the next two filings. Also announced this month: BlackRock’s $12.5B purchase of Global Infrastructure Partners ($90B to $142B RAUM arc).
Rithm completed the contested Sculptor acquisition at $12.70 per share after a months‑long bidding war. Also closed this month: Creative Planning’s purchase of Goldman Sachs PFM.
Goldman agreed to sell Personal Financial Management, the former United Capital, to Creative Planning, whose RAUM stepped $155B to $175B across the surrounding filings.
The annual amendment prints the 2020 ARK surge, with a press peak above $60B in early 2021. Also this month: Morgan Stanley completed Eaton Vance (2021‑03‑01).
Schwab completed TD Ameritrade; the TDA adviser entities wind down across the integration, with final ADV filings in 2022 to 2023. Also closed: Morgan Stanley and E*Trade (2020‑10‑02).
Reading the rows. Compact rows show the largest one‑year RAUM gain reported by firms filing that month. RAUM is Regulatory AUM and can exceed press AUM; leveraged macro filers report gross notional. Most advisers amend each Q1 for the prior fiscal year, so filings lag events. Coverage is firm‑level across all SEC Form ADV registrants, investment advisers and exempt reporting advisers alike.