Latest revenue
$167.0M
as of 2026-03-31
Latest net income
$24.3M
as of 2026-03-31
Net margin
14.6%
as of 2026-03-31
ActaClear Score
Computed from 5 years of SEC fundamentals + latest market data, ranked within Investment Advice (67 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 7, 2026.
Fair value · DCF
DCF: 10-year forecast of free cash flow, discounted at the company's WACC, with a Gordon-growth terminal at year 10. FCF is proxied by last fiscal-year net income (proper FCF needs CFO − CapEx by year, which we don't store yet). Drag the slider to test your own growth thesis — the dominant assumption in any DCF is what comes next, not what the math does with it. Beta defaults to 1.0 when not reported.
Community sentiment
Where do you think AAMI is heading?
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $2.63B
- Enterprise value
- $2.79B
- P/E (trailing)
- 32.9×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.2%
- 52-wk high
- $74.52
- 52-wk low
- $29.92
- Beta
- —
- Shares out
- 35.6M
5-year trend
What this company does
Acadian Asset Management runs a systematic, quant-driven investment management firm serving institutional investors globally, with strategies spanning emerging markets, global equities, systematic credit, and alternatives. The company earns the bulk of its revenue from asset-based management fees on client portfolios, supplemented by smaller performance fees tied to strategy returns. Management fees jumped 41% year-over-year to $159 million in Q1 2026, signaling strong AUM growth following its 2024 transition from a multi-affiliate parent (BrightSphere) into a standalone pure-play quant manager.
Generated from AAMI's filing dated 2026-02-27
Key risks
- Leveraged balance sheet: $200M third-party borrowings plus $85M revolver drawn (vs. $0 at year-end) against only $77.5M stockholders' equity.
- Compensation cost surge: comp/benefits jumped 58% YoY to $96M on $167M revenue, consuming 57% of revenue and squeezing operating leverage.
- Concentrated ownership and single-strategy exposure: Paulson holds 21.8%; 100% of revenue from one systematic Quant & Solutions segment vulnerable to asset outflows.
Generated from AAMI's filing dated 2026-02-27
Profitability
Operating margin
23.4%
12.6%Net margin
14.2%
15.6%Return on equity
1176.5%
285.5%Return on assets
11.8%
2.2%Leverage
Debt / equity
98.56×
284.3%Long-term debt / equity
29.41×
243.7%Debt / assets
99.0%
2.9%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $167.0M | +39.3% | $24.3M | +20.9% | 14.6% |
Q4 2025 2025-12-31 | $172.2M | +2.6% | $34.7M | -18.4% | 20.2% |
Q3 2025 2025-09-30 | $144.2M | +17.1% | $15.1M | -10.7% | 10.5% |
Q2 2025 2025-06-30 | $127.4M | +16.9% | $10.1M | -8.2% | 7.9% |
Q1 2025 2025-03-31 | $119.9M | +13.4% | $20.1M | +37.7% | 16.8% |
Q4 2024 2024-12-31 | $167.8M | — | $42.5M | — | 25.3% |
Q3 2024 2024-09-30 | $123.1M | +14.7% | $16.9M | -13.8% | 13.7% |
Q2 2024 2024-06-30 | $109.0M | +14.7% | $11.0M | -3.5% | 10.1% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Investment Advice · SIC 6282
Your notes
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Insider activity
Insider buying
$0
Insider selling
$66.2M
Net activity
−$66.2M
Distinct insiders
4
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns AAMI
Institutional value
$882.2M
Total shares held
17.4M
Distinct holders
156
-98 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 4.6M | $248.9M | -81.1K (-1.7%) | Trimmed |
| 2 | JENNISON ASSOCIATES LLC | 2.0M | $110.0M | +113.0K (+5.9%) | Added |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 1.2M | $63.1M | — | New |
| 4 | DIMENSIONAL FUND ADVISORS LP | 904.5K | $49.2M | -4.7K (-0.5%) | Trimmed |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 883.9K | $48.1M | — | New |
| 6 | Impax Asset Management Group plc | 823.3K | $44.8M | -22.1K (-2.6%) | Trimmed |
| 7 | Nuveen, LLC | 588.5K | $32.0M | -63.7K (-9.8%) | Trimmed |
| 8 | FEDERATED HERMES, INC. | 568.3K | $30.9M | +10.1K (+1.8%) | Added |
| 9 | Allspring Global Investments Holdings, LLC | 419.2K | $23.6M | +51.1K (+13.9%) | Added |
| 10 | Invesco Ltd. | 412.7K | $22.5M | -7.9K (-1.9%) | Trimmed |
| 11 | Boston Trust Walden Corp | 281.6K | $15.3M | — | New |
| 12 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 263.7K | $14.4M | +8.7K (+3.4%) | Added |
| 13 | UBS Group AG | 216.8K | $11.8M | +121.7K (+128.0%) | Added |
| 14 | PRINCIPAL FINANCIAL GROUP INC | 204.5K | $11.1M | +24.9K (+13.9%) | Added |
| 15 | Bank of New York Mellon Corp | 196.2K | $10.7M | -6.1K (-3.0%) | Trimmed |
| 16 | FIRST TRUST ADVISORS LP | 194.2K | $10.6M | +24.9K (+14.7%) | Added |
| 17 | VANGUARD FIDUCIARY TRUST CO | 184.9K | $10.1M | — | New |
| 18 | Allianz Asset Management GmbH | 181.4K | $9.9M | +74.4K (+69.5%) | Added |
| 19 | Public Sector Pension Investment Board | 147.4K | $8.0M | +24.3K (+19.8%) | Added |
| 20 | JUPITER ASSET MANAGEMENT LTD | 131.7K | $7.2M | +21.9K (+19.9%) | Added |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Management fees jumped 41% YoY to $159.3M—how much is durable AUM growth versus performance-fee-adjacent strategies, and what's the organic flow contribution?
- 2
Compensation rose 58% YoY to $96M, outpacing revenue growth—why did comp ratio expand, and where does it normalize for FY26?
- 3
You drew $85M on the revolver while sitting on $129M cash and paying dividends—what's driving the liquidity build and leverage decision?
Refreshed when AAMI files a new report · last from 2026-02-27
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