GCM Grosvenor (GCMG)


Market Price (9/25/2026): $12.625 | Market Cap: $770.9 MilSector: Financials | Industry: Asset Management & Custody Banks

GCM Grosvenor (GCMG)


Market Price (9/25/2026): $12.625
Market Cap: $770.9 Mil
Sector: Financials
Industry: Asset Management & Custody Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.7%, Dividend Yield is 3.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.7%, FCF Yield is 24%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 32%

Low stock price volatility
Vol 12M is 35%

Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets. Themes include Private Equity, Private Credit, and Venture Capital.

Weak multi-year price returns
2Y Excs Rtn is -15%

Key risks
GCMG key risks include [1] adverse market and economic conditions, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.7%, Dividend Yield is 3.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.7%, FCF Yield is 24%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 32%
2 Low stock price volatility
Vol 12M is 35%
3 Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets. Themes include Private Equity, Private Credit, and Venture Capital.
4 Weak multi-year price returns
2Y Excs Rtn is -15%
5 Key risks
GCMG key risks include [1] adverse market and economic conditions, Show more.

GCMG in ETFs

Weight = GCMG's share of each fund

VTI0.00%
ITOT0.00%
IWM0.03%
VB0.01%
IWN0.54%
IWO0.05%
VTWO0.03%
SCHA0.02%
+5 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 9/24/2026

GCM Grosvenor (GCMG) stock has gained about 20% since 5/31/2026 because of the following key factors:

1. GCM Grosvenor reported strong financial results for fiscal Q2 2026, which ended in June 2026. The company announced on August 10, 2026, an Earnings Per Share (EPS) of $0.19, surpassing analysts' consensus estimates of $0.18. Revenue for the quarter reached $134.34 million, exceeding the $131.21 million consensus. Furthermore, fee-related earnings saw a 21% increase year-over-year, and adjusted net income rose by 22% compared to the prior year.

2. The company demonstrated robust growth in its Assets Under Management (AUM) and fee-paying AUM. By the end of fiscal Q2 2026, GCM Grosvenor's total AUM reached approximately $97 billion, representing a 13% increase from fiscal Q2 2025. Similarly, fee-paying AUM also grew by 13% to $78.1 billion during the same period, indicating strong client inflows and successful asset gathering across its investment strategies.

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Updated on 9/24/2026

GCM Grosvenor (GCMG) stock has gained about 20% since 5/31/2026 because of the following key factors:

1. GCM Grosvenor reported strong financial results for fiscal Q2 2026, which ended in June 2026. The company announced on August 10, 2026, an Earnings Per Share (EPS) of $0.19, surpassing analysts' consensus estimates of $0.18. Revenue for the quarter reached $134.34 million, exceeding the $131.21 million consensus. Furthermore, fee-related earnings saw a 21% increase year-over-year, and adjusted net income rose by 22% compared to the prior year.

2. The company demonstrated robust growth in its Assets Under Management (AUM) and fee-paying AUM. By the end of fiscal Q2 2026, GCM Grosvenor's total AUM reached approximately $97 billion, representing a 13% increase from fiscal Q2 2025. Similarly, fee-paying AUM also grew by 13% to $78.1 billion during the same period, indicating strong client inflows and successful asset gathering across its investment strategies.

3. GCM Grosvenor successfully raised significant capital for new strategies and expanded its investor base. By July 23, 2026, the firm raised $1.2 billion across its inaugural Credit Secondaries Fund and related strategies. Credit investments were a primary driver of fundraising in fiscal Q2 2026, contributing over $900 million of the $2.3 billion raised. The company also saw significant contributions to fundraising from individual investor and insurance channels.

4. Strategic initiatives and partnerships expanded GCM Grosvenor's market presence and investment opportunities. On September 25, 2026, the company announced a strategic alliance with Hyperion Realty Capital, committing up to $100 million to a new retail investment vehicle focused on grocery-anchored shopping centers in the Western U.S. Additionally, on June 4, 2026, GCM Grosvenor highlighted the substantial impact of its Infrastructure Advantage Strategy, reporting a $42 billion economic impact and 47 million union work hours.

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Stock Movement Drivers

Fundamental Drivers

The 21.2% change in GCMG stock from 5/31/2026 to 9/24/2026 was primarily driven by a 37.3% change in the company's P/E Multiple.
(LTM values as of)53120269242026Change
Stock Price ($)10.4212.6321.2%
Change Contribution By: 
Total Revenues ($ Mil)5675792.1%
Net Income Margin (%)8.9%7.7%-13.5%
P/E Multiple12.617.337.3%
Shares Outstanding (Mil)6161-0.1%
Cumulative Contribution21.2%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/24/2026
ReturnCorrelation
GCMG21.2% 
Market (SPY)1.7%37.3%
Sector (XLF)6.1%51.3%

Fundamental Drivers

The 12.4% change in GCMG stock from 2/28/2026 to 9/24/2026 was primarily driven by a 21.9% change in the company's P/E Multiple.
(LTM values as of)22820269242026Change
Stock Price ($)11.2312.6312.4%
Change Contribution By: 
Total Revenues ($ Mil)5665792.4%
Net Income Margin (%)8.0%7.7%-4.2%
P/E Multiple14.217.321.9%
Shares Outstanding (Mil)5761-5.9%
Cumulative Contribution12.4%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/24/2026
ReturnCorrelation
GCMG12.4% 
Market (SPY)12.4%48.5%
Sector (XLF)6.9%53.1%

Fundamental Drivers

The 2.4% change in GCMG stock from 8/31/2025 to 9/24/2026 was primarily driven by a 51.0% change in the company's Net Income Margin (%).
(LTM values as of)83120259242026Change
Stock Price ($)12.3312.632.4%
Change Contribution By: 
Total Revenues ($ Mil)5445796.5%
Net Income Margin (%)5.1%7.7%51.0%
P/E Multiple22.817.3-23.8%
Shares Outstanding (Mil)5161-16.4%
Cumulative Contribution2.4%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/24/2026
ReturnCorrelation
GCMG2.4% 
Market (SPY)20.3%37.7%
Sector (XLF)2.6%41.0%

Fundamental Drivers

The 87.0% change in GCMG stock from 8/31/2023 to 9/24/2026 was primarily driven by a 210.3% change in the company's Net Income Margin (%).
(LTM values as of)83120239242026Change
Stock Price ($)6.7512.6387.0%
Change Contribution By: 
Total Revenues ($ Mil)44857929.1%
Net Income Margin (%)2.5%7.7%210.3%
P/E Multiple26.617.3-34.8%
Shares Outstanding (Mil)4461-28.4%
Cumulative Contribution87.0%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/24/2026
ReturnCorrelation
GCMG87.0% 
Market (SPY)76.8%38.5%
Sector (XLF)66.3%41.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
GCMG Return-19%-24%25%43%-4%18%24%
Peers Return80%-29%67%55%-4%-22%151%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
GCMG Win Rate33%58%67%50%50%56% 
Peers Win Rate72%42%67%73%52%47% 
S&P 500 Win Rate75%42%67%75%67%56% 

Max Drawdowns [4]
GCMG Max Drawdown-27%-39%-26%-8%-26%-21% 
Peers Max Drawdown-16%-42%-22%-17%-39%-39% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: BX, KKR, APO, ARES, CG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/24/2026 (YTD)

How Low Can It Go

EventGCMGS&P 500
2025 US Tariff Shock
  % Loss-16.1%-18.8%
  % Gain to Breakeven19.2%23.1%
  Time to Breakeven441 days79 days
2023 SVB Regional Banking Crisis
  % Loss-26.0%-6.7%
  % Gain to Breakeven35.2%7.1%
  Time to Breakeven211 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-37.3%-24.5%
  % Gain to Breakeven59.6%32.4%
  Time to Breakeven651 days427 days

Compare to BX, KKR, APO, ARES, CG

In The Past

GCM Grosvenor's stock fell -16.1% during the 2025 US Tariff Shock. Such a loss loss requires a 19.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventGCMGS&P 500
2023 SVB Regional Banking Crisis
  % Loss-26.0%-6.7%
  % Gain to Breakeven35.2%7.1%
  Time to Breakeven211 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-37.3%-24.5%
  % Gain to Breakeven59.6%32.4%
  Time to Breakeven651 days427 days

Compare to BX, KKR, APO, ARES, CG

In The Past

GCM Grosvenor's stock fell -16.1% during the 2025 US Tariff Shock. Such a loss loss requires a 19.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About GCM Grosvenor (GCMG)

GCM Grosvenor (GCMG) is a global alternative asset management firm that designs and manages diversified investment solutions. The company primarily invests in equity and alternative markets, both within the United States and internationally, employing a blend of fundamental and quantitative analysis across its portfolios.

The firm specializes in a broad spectrum of alternative asset classes, including hedge funds, private equity, real estate, infrastructure, and various credit and absolute return strategies. GCM Grosvenor constructs portfolios across mandates such as multi-strategy, credit-focused, equity-focused, macro-focused, and commodity-focused approaches. Within private equity, its offerings include primary fund investments, secondary fund investments, and co-investments, often targeting buyouts, distressed debt, mezzanine financing, and venture capital/growth equity opportunities.

GCM Grosvenor's primary clients are pooled investment vehicles, though it also serves investment companies, high net worth individuals, pension and profit-sharing plans, and state or municipal government entities. While its investment activities are global, the firm also seeks regionally-focused opportunities, particularly in middle-market buyouts within Ohio and the Midwest, with an interest in sectors like aerospace and defense, advanced electronics, information technology, biosciences, and advanced materials.

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GCM Grosvenor is like a **BlackRock for alternative investments, specializing in building diversified portfolios across hedge funds, private equity, and real estate for large institutions.**

Think of it as an **'Amazon for alternative investments', curating and providing access to a wide array of private equity funds, hedge funds, and other complex strategies for institutional clients.**

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  • Hedge Fund Solutions: Provides investment management and advisory services across various hedge fund strategies, including multi-strategy, credit, equity, macro, and commodity-focused portfolios.
  • Private Equity Investments: Manages investments through primary, secondary, and co-investment strategies across buyouts, distressed debt, mezzanine, and venture capital/growth equity.
  • Real Estate and Infrastructure Investments: Offers investment opportunities and management in real estate and infrastructure asset classes.
  • Credit and Absolute Return Strategies: Focuses on managing portfolios that emphasize credit-based investments and strategies designed to generate absolute returns.

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GCM Grosvenor (GCMG) primarily serves a diverse range of institutional and individual investors by managing their capital across various alternative investment strategies. Based on the company description, its major customer categories include:

  • Institutional Investors: This category encompasses entities such as pension and profit sharing plans, as well as state or municipal government entities.
  • Pooled Investment Vehicles and Investment Companies: GCM Grosvenor provides services to and invests on behalf of various pooled investment vehicles and other investment companies.
  • High Net Worth Individuals: The firm also serves wealthy private clients directly.

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Michael J. Sacks, Chief Executive Officer

Mr. Sacks is GCM Grosvenor's Board Chairman and Chief Executive Officer. He joined GCM Grosvenor in 1990 and was named CEO in 1994, leading the firm's significant growth into one of the largest independent open-architecture alternative asset management platforms. Prior to joining Grosvenor, he was associated with Harris Associates L.P. He holds a B.S. in Economics from Tulane, a general course certificate from the London School of Economics, an MBA from Northwestern's Kellogg School, and a JD from Northwestern Pritzker School of Law. Mr. Sacks also serves as the Vice Chairman of World Business Chicago.

Pamela Bentley, Chief Financial Officer

Ms. Bentley assumed the role of Chief Financial Officer effective January 1, 2021, after joining the firm as Managing Director of Finance in October. She brings over 25 years of financial and accounting experience to GCM Grosvenor. Before joining GCM Grosvenor, she spent 15 years with The Carlyle Group, a global investment firm, where she served as Chief Accounting Officer and Managing Director. Her experience also includes senior finance roles at Transaction Network Services and work at Arthur Andersen.

Jonathan R. Levin, President

Mr. Levin joined GCM Grosvenor in 2011, became its President in 2017, and has been a member of its Board since November 2020. Previously, Mr. Levin was the Treasurer and Head of Investor Relations at Kohlberg Kravis Roberts & Co. ("KKR") from 2004 to 2011, where he managed KKR's balance sheet investments, engaged with public investors and industry analysts, and led strategic projects. He also worked in KKR's private equity business, focusing on financial services investments, and began his career as an Analyst in the private equity group of Bear Stearns.

Frederick Pollock, Chief Investment Officer

Mr. Pollock is GCM Grosvenor's Chief Investment Officer and is responsible for managing all investment-related activities. He is also a leader in co-investment and direct investing within credit strategies and serves on all of the firm's Investment Committees. Before joining GCM Grosvenor, he held various roles at Morgan Stanley, most recently within its merchant banking division, specializing in infrastructure investing, where he helped form the infrastructure investment group and structured and raised capital for its initial funds. Prior to Morgan Stanley, he worked at Deutsche Bank, making investments for the firm and clients. He also serves as a Portfolio Manager at Pengana Private Equity Trust.

Eric Levin, Chief Technology Officer

Mr. Levin serves as GCM Grosvenor's Chief Technology Officer, overseeing the strategic implementation of technology and information systems for the firm. Before joining GCM Grosvenor, he spent 13 years at PEAK6 Investments, where his most recent role was Chief Information Officer of Apex Clearing, PEAK6's clearing, custody, and execution business.

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GCM Grosvenor (GCMG) faces several key risks inherent to the alternative asset management industry, with particular emphasis on its client base and competitive landscape.

  1. Concentration in Public Pension Fund Clients: A material business risk for GCM Grosvenor is its significant concentration in public pension fund clients, which constituted 65% of its assets under management (AUM) as of late 2025. This reliance exposes the firm to potential vulnerabilities arising from state-level political shifts and regulatory reviews. Changes in local investment boards can lead to large mandates being put under review, creating a higher churn risk compared to a more diversified client mix.
  2. Dependence on Investment Performance and Market Conditions: The success and growth of GCM Grosvenor's business are highly dependent on the investment performance of its funds. Poor performance, or a decline in AUM driven by general market and economic conditions, can lead to a reduction in management fees and incentive fees, significantly impacting the firm's revenues and cash flows. A muted investment environment, as indicated by reduced net incentive fees, poses ongoing challenges to revenue generation and could result in investment losses.
  3. Intense Competition and Fee Pressure: The alternative asset management industry is highly competitive. Large alternative asset managers are increasingly expanding their offerings into mid-market and customized solutions, directly overlapping with GCM Grosvenor's client focus. These larger firms often benefit from scale-driven cost advantages, enabling them to offer lower fee structures. This competitive compression contributes to ongoing pressure on management fees, potentially affecting GCM Grosvenor's financial performance.

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GCM Grosvenor (symbol: GCMG) operates within the global alternative asset management market, providing solutions across various strategies including private equity, hedge funds (absolute return), real estate, infrastructure, and credit. The addressable markets for these main products and services are substantial on a global scale. The global alternative asset management market, encompassing private equity, private credit, infrastructure, real estate, hedge funds, and natural resources, is projected to reach approximately $29.2 trillion by the end of 2029 and is expected to surge past $30 trillion by 2030, with some estimates putting it at $32 trillion by 2030. This represents significant growth from $17.6 trillion by mid-2024 and $16.78 trillion at the end of 2023. Specifically, for GCM Grosvenor's key investment areas:
  • Private Equity: The global private equity market was valued at $6,749.85 billion in 2025 and is projected to grow to $20,242.70 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 13.2% during the forecast period. Other estimates suggest the market size was $19.96 trillion in 2026 and is expected to reach $37.85 trillion by 2031. Private equity assets are expected to reach $12 trillion in 2029, up from $5.8 trillion at the end of 2023, making it the largest component of the global alternatives market. North America held the dominant share in the private equity market, valued at $3,260.08 billion in 2025.
  • Hedge Funds (Absolute Return Strategies): The total global hedge fund industry capital surpassed $5 trillion for the first time in 4Q25, reaching a record $5.15 trillion. The global hedge fund industry is projected to reach $5.73 trillion by 2029, from $4.53 trillion in 2023, and is on track to top $5.5 trillion by 2030.
  • Real Estate: Private real estate assets under management (AUM) are forecast to reach $2.66 trillion by 2029, up from $1.61 trillion in 2023. Global real estate deal value reached $873 billion in 2025, a 12% increase year-over-year.
  • Infrastructure: Global infrastructure funds' assets under management surged to a record high of $1.35 trillion as of December 2025, more than doubling since 2020. This is predicted to grow by approximately 70% to $2.3 trillion by 2030. Private infrastructure AUM is projected to grow from $1.27 trillion in 2023 to $2.35 trillion by 2029. North America accounts for just under half (47%) of the underlying assets in infrastructure funds.
  • Credit Strategies (Private Credit): Private credit experienced a notable upswing, with global fundraising reaching $59 billion in the first quarter of 2025. Private credit strategies are projected to reach $4.5 trillion by 2030.

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GCM Grosvenor (GCMG) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
  • Expansion into the Individual Investor Channel: The firm is strategically broadening its client base beyond traditional institutional investors by targeting individual investors. This includes a March 2025 joint venture with Grove Lane Partners aimed at distributing institutional-quality alternative investments to a wider audience, such as registered investment advisors and family offices. GCM Grosvenor also launched an infrastructure interval fund in 2025 and has filed registration documents for another, specifically to access non-accredited investors. This push has already shown results, with individual investor channel Assets Under Management (AUM) increasing 18% year-over-year in 2025.
  • Growth in Private Markets, with a Focus on Direct-Oriented Strategies, Private Credit, and Infrastructure: GCM Grosvenor is actively shifting its investment portfolio towards higher-margin private markets and direct-oriented strategies. The company is prioritizing expansion in private credit and infrastructure as core areas for growth, capitalizing on increasing demand for these alternative asset classes. Private Markets AUM grew to 71% of total AUM in 2025, up from 59% in 2020, while direct-oriented strategies within private markets expanded from 39% to 54% of private markets AUM over the same period. Infrastructure and credit were leading drivers of fundraising growth in the twelve months ending November 2025.
  • Conversion of Contracted Not-Yet-Fee-Paying AUM: A significant indicator of future revenue growth for GCM Grosvenor is its "contracted not-yet-fee-paying AUM," which represents committed investor capital that has not yet been deployed or started earning management fees. In the third quarter of 2025, this segment grew 17% year-over-year to $9.2 billion, providing a solid foundation for future fee-related revenue as these commitments are activated.
  • Strategic Product Development and Scaling Core Capabilities: The firm continues to launch new products and initiatives designed to expand its offerings and enhance its platform. This includes the "Elevate" strategy, launched in early 2023, which has become the largest debut private equity seeding fund of its kind. GCM Grosvenor has also launched 11 new white-labeled wealth channel solutions over the past two years, raising nearly $1 billion. Additionally, the company benefits from strong client retention, evidenced by a private markets re-up rate of approximately 90%, and is focused on deepening existing relationships, with about 55% of its top clients invested in more than one vertical.

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Share Repurchases

  • GCM Grosvenor's Board of Directors increased its stock repurchase authorization to $255 million in February 2026.
  • The company repurchased $30.7 million of Class A common stock.
  • The share repurchase plan allows for the repurchase of outstanding Class A common stock and warrants, and can also be used to reduce Class A shares issued to employees for tax obligations.

Outbound Investments

  • In February 2026, GCM Grosvenor raised a $625 million structured solution specifically to invest in credit.
  • The firm backed the launch of Torch Key Asset Management in March 2026.
  • GCM Grosvenor formed a long-term strategic partnership with Portal Warehousing in March 2026 to launch a micro-bay industrial property venture.

Capital Expenditures

  • Capital expenditures for GCM Grosvenor in recent periods included figures such as $0.87 million, $4.00 million, $1.31 million, $0.58 million, and $0.78 million.

Better Bets vs. GCM Grosvenor (GCMG)

Peer Outperformance in Asset Management & Custody Banks

GCMG has outperformed 67% of its 86 Asset Management & Custody Banks peers over 5Y. Among the peers that beat it are BNY, STT and FHI. Asset Management & Custody Banks ranks 14th of 18 industries in Financials by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Asset Management & Custody Banks constituents that GCMG has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
76%
of 107 industry peers · 5.3% return
3Y
83%
of 98 industry peers · 83.9% return
5Y
67%
of 86 industry peers · 36.6% return
Asset Management & Custody Banks peers with revenue growth within 4pp of GCMG's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
GCMG GCM Grosvenor 9.0% 17.3x 5.3%83.9%36.6% —
BNY Bank of New York Mellon 7.7% 16.4x 41.3%276.7%233.7% +197pp
STT State Street 7.2% 14.5x 64.4%194.5%147.4% +111pp
FHI Federated Hermes 7.3% 10.0x 14.5%86.9%121.9% +85pp
SEIC SEI Investments 9.1% 17.8x 23.3%79.1%85.4% +49pp
NTRS Northern Trust 10.3% 14.3x 37.6%174.5%85.1% +48pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Financials sector, ranked by 5Y. Asset Management & Custody Banks is GCMG's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Reinsurance 7 23.5%66.1%114.7% SPNT 176% · RGA 147% · RNR 144%
Diversified Banks 13 32.7%126.4%108.3% CM 145% · RY 136% · JPM 135%
Investment Banking & Brokerage 13 -4.9%102.7%105.3% IBKR 488% · SNEX 259% · HOOD 169%
Life & Health Insurance 20 4.8%49.0%95.3% JXN 492% · UNM 335% · FG 187%
Multi-Sector Holdings 4 4.9%45.2%77.9% JONE 361% · BRK-B 82% · VOYA 74%
Property & Casualty Insurance 42 6.4%65.2%63.1% ASIC 2653900% · HRTG 386% · UVE 302%
Regional Banks 266 24.0%90.7%60.5% ESQ 373% · BLX 345% · GCBC 304%
Multi-line Insurance 9 5.6%68.2%56.7% GNW 156% · L 102% · SLF 94%
Financial Exchanges & Data 15 -0.7%17.0%30.0% VIRT 161% · CBOE 127% · CME 68%
Diversified Financial Services 4 -5.6%26.3%27.6% FRHC 173% · EQH 103% · TMS -48%
Consumer Finance 30 -2.5%80.1%16.9% ENVA 414% · EZPW 295% · FCFS 162%
Insurance Brokers 16 -21.2%-11.5%9.9% LIFE 244% · ARX 88% · CRD-A 58%
Commercial & Residential Mortgage Finance 15 -46.4%20.8%9.3% FNMA 428% · FMCC 390% · ACT 171%
Asset Management & Custody Banks ← 87 -10.1%9.4%6.1% WT 331% · SII 274% · VCTR 271%
Specialized Finance 3 12.8%39.4%-7.6% EFC 24% · CACC -8% · HASI -20%
Mortgage REITs 33 -13.8%5.8%-26.0% NREF 52% · RITM 36% · DX 25%
Transaction & Payment Processing Services 17 -0.8%-8.2%-46.0% V 65% · MA 63% · CPAY 50%
Diversified Capital Markets 25 -30.4%8.1%-47.3% OPY 195% · CD 108% · LPLA 99%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

GCMGBXKKRAPOARESCGMedian
NameGCM Gros.Blacksto.KKR Apollo G.Ares Man.Carlyle  
Mkt Price12.63117.2195.64120.69120.1139.42106.42
Mkt Cap0.893.885.771.427.214.149.3
Rev LTM57913,61321,06035,8975,9882,7769,800
Op Inc LTM172-1,6528,9211,082-1,367
FCF LTM1865,4862,3409,473836-3,7001,588
FCF 3Y Avg1534,2404,9275,5671,871-1,0073,055
CFO LTM1985,5982,4889,473912-3,5751,700
CFO 3Y Avg1644,3525,0685,5671,957-9173,155

Growth & Margins

GCMGBXKKRAPOARESCGMedian
NameGCM Gros.Blacksto.KKR Apollo G.Ares Man.Carlyle  
Rev Chg LTM6.5%17.6%31.7%41.2%24.0%-25.2%20.8%
Rev Chg 3Y Avg9.0%29.9%33.7%12.0%20.8%23.6%22.2%
Rev Chg Q9.6%32.5%13.1%63.7%5.8%-12.6%11.3%
QoQ Delta Rev Chg LTM2.1%8.2%3.2%13.7%1.3%-4.2%2.6%
Op Inc Chg LTM45.3%-7,394.4%24.6%28.8%-37.1%
Op Inc Chg 3Y Avg713.2%-2,458.3%46.0%22.6%-379.6%
Op Mgn LTM29.7%-7.8%24.9%18.1%-21.5%
Op Mgn 3Y Avg20.9%-5.6%26.8%20.0%-20.4%
QoQ Delta Op Mgn LTM1.8%--0.3%1.0%0.4%-0.7%
CFO/Rev LTM34.2%41.1%11.8%26.4%15.2%-128.8%20.8%
CFO/Rev 3Y Avg30.6%39.3%26.3%18.1%42.4%-21.4%28.4%
FCF/Rev LTM32.2%40.3%11.1%26.4%14.0%-133.3%20.2%
FCF/Rev 3Y Avg28.4%38.2%25.5%18.1%40.4%-25.0%27.0%

Valuation

GCMGBXKKRAPOARESCGMedian
NameGCM Gros.Blacksto.KKR Apollo G.Ares Man.Carlyle  
Mkt Cap0.893.885.771.427.214.149.3
P/S1.36.94.12.04.55.14.3
P/Op Inc4.5-51.98.025.1-16.6
P/EBIT4.1-8.89.011.9-8.9
P/E17.326.627.238.142.738.832.6
P/CFO3.916.734.47.529.8-3.912.1
Total Yield9.7%10.6%4.5%4.4%9.4%6.2%7.8%
Dividend Yield3.9%6.8%0.8%1.8%7.1%3.6%3.7%
FCF Yield 3Y Avg25.6%4.3%5.0%7.7%5.6%-6.4%5.3%
D/E0.50.10.60.20.51.00.5
Net D/E0.40.1-0.9-3.50.50.90.2

Returns

GCMGBXKKRAPOARESCGMedian
NameGCM Gros.Blacksto.KKR Apollo G.Ares Man.Carlyle  
1M Rtn-5.8%-18.3%-11.1%-9.4%-15.0%-19.4%-13.0%
3M Rtn4.0%3.7%3.4%-0.3%7.9%-5.2%3.6%
6M Rtn33.5%9.0%6.7%10.7%13.6%-14.5%9.8%
12M Rtn5.3%-31.5%-30.2%-10.6%-25.7%-36.7%-27.9%
3Y Rtn83.9%16.9%53.5%36.7%24.8%40.8%38.8%
1M Excs Rtn-6.1%-18.6%-11.4%-9.7%-15.3%-19.8%-13.4%
3M Excs Rtn-0.7%-1.0%-1.3%-5.0%3.2%-10.0%-1.1%
6M Excs Rtn15.3%-6.6%-8.9%-6.0%-1.8%-31.8%-6.3%
12M Excs Rtn-13.5%-49.8%-50.3%-31.1%-46.7%-55.4%-48.2%
3Y Excs Rtn7.3%-61.4%-19.5%-35.5%-47.3%-40.6%-38.0%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment558514445  
Incentive fees   75174
Management fees   367351
Other operating income   47
Total558514445447532


Net Income by Segment
$ Mil202520242023
Single Segment14237-29
Total14237-29


Price Behavior

Price Behavior
Market Price$12.63 
Market Cap ($ Bil)0.8 
First Trading Date02/05/2019 
Distance from 52W High-9.3% 
   50 Days200 Days
DMA Price$13.08$11.51
DMA Trendupup
Distance from DMA-3.4%9.8%
 3M1YR
Volatility31.4%34.7%
Downside Capture161.80104.62
Upside Capture146.6291.55
Correlation (SPY)53.0%38.2%
GCMG Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta1.961.800.861.200.980.66
Up Beta2.441.580.631.060.920.52
Down Beta3.051.500.251.151.200.73
Up Capture198%217%192%144%82%53%
Bmk +ve Days10213268138427
Stock +ve Days12213562119371
Down Capture85%179%58%118%98%87%
Bmk -ve Days11213259113324
Stock -ve Days9212862120346

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GCMG
GCMG2.2%34.8%0.11-
Sector ETF (XLF)2.7%14.7%-0.0442.1%
Equity (SPY)16.7%13.0%0.9238.1%
Gold (GLD)13.1%29.3%0.4210.4%
Commodities (DBC)45.1%20.7%1.71-23.8%
Real Estate (VNQ)3.7%13.7%0.0131.5%
Bitcoin (BTCUSD)-24.8%44.8%-0.5124.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GCMG
GCMG6.4%27.0%0.22-
Sector ETF (XLF)9.5%18.4%0.3844.4%
Equity (SPY)12.9%17.2%0.5743.6%
Gold (GLD)19.0%18.8%0.827.6%
Commodities (DBC)10.6%19.6%0.42-0.9%
Real Estate (VNQ)0.7%18.9%-0.0738.5%
Bitcoin (BTCUSD)12.0%52.6%0.4117.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GCMG
GCMG5.1%26.1%0.27-
Sector ETF (XLF)13.0%22.1%0.5328.5%
Equity (SPY)15.5%17.9%0.7330.4%
Gold (GLD)12.0%16.4%0.606.7%
Commodities (DBC)8.5%18.1%0.391.8%
Real Estate (VNQ)4.8%20.7%0.1925.8%
Bitcoin (BTCUSD)63.7%66.2%1.0312.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date8312026
Short Interest: Shares Quantity1.6 Mil
Short Interest: % Change Since 815202650.8%
Average Daily Volume0.4 Mil
Days-to-Cover Short Interest3.8 days
Basic Shares Quantity61.1 Mil
Short % of Basic Shares2.6%

Earnings Returns History

Updated 9/11/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/10/20261.8%2.1%-2.1%
5/7/2026-1.1%-3.6%-4.0%
2/10/202614.1%18.3%16.2%
11/5/20251.2%1.3%-5.1%
8/7/20252.0%10.5%9.4%
5/7/20250.0%-0.6%-0.7%
2/10/20253.8%2.1%-6.0%
11/8/2024-2.3%-4.4%1.1%
...
SUMMARY STATS   
# Positive131412
# Negative111012
Median Positive2.0%4.2%6.1%
Median Negative-2.1%-4.3%-5.6%
Max Positive14.1%18.3%16.4%
Max Negative-5.6%-11.9%-17.0%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/10/20261.8%2.1%-2.1%
5/7/2026-1.1%-3.6%-4.0%
2/10/202614.1%18.3%16.2%
11/5/20251.2%1.3%-5.1%
8/7/20252.0%10.5%9.4%
5/7/20250.0%-0.6%-0.7%
2/10/20253.8%2.1%-6.0%
11/8/2024-2.3%-4.4%1.1%
8/8/2024-1.2%3.2%3.8%
5/7/20240.2%-2.6%3.8%
2/13/2024-2.1%-4.2%0.2%
11/8/20232.1%4.6%2.4%
8/9/20232.6%2.4%0.8%
5/10/2023-3.5%-10.7%-6.7%
2/14/2023-4.8%-11.4%-17.0%
11/9/20224.4%10.1%8.3%
8/9/2022-1.9%3.7%-4.3%
5/10/2022-0.3%-6.8%-9.2%
2/15/20227.5%10.0%14.6%
11/10/20212.0%0.7%-8.2%
8/10/2021-0.3%10.0%12.1%
5/13/20211.9%7.7%-12.8%
2/25/2021-5.6%-0.5%-5.3%
11/19/2020-2.8%-11.9%16.4%
SUMMARY STATS   
# Positive131412
# Negative111012
Median Positive2.0%4.2%6.1%
Median Negative-2.1%-4.3%-5.6%
Max Positive14.1%18.3%16.4%
Max Negative-5.6%-11.9%-17.0%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/10/202610-Q
03/31/202605/07/202610-Q
12/31/202502/19/202610-K
09/30/202511/05/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202402/21/202510-K
09/30/202411/08/202410-Q
06/30/202408/08/202410-Q
03/31/202405/08/202410-Q
12/31/202303/01/202410-K
09/30/202311/09/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202202/23/202310-K
09/30/202211/09/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/10/202610-Q
03/31/202605/07/202610-Q
12/31/202502/19/202610-K
09/30/202511/05/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202402/21/202510-K
09/30/202411/08/202410-Q
06/30/202408/08/202410-Q
03/31/202405/08/202410-Q
12/31/202303/01/202410-K
09/30/202311/09/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202202/23/202310-K
09/30/202211/09/202210-Q
06/30/202208/09/202210-Q
03/31/202205/10/202210-Q
12/31/202102/25/202210-K
09/30/202111/12/202110-Q
06/30/202108/12/202110-Q
03/31/202105/14/202110-Q
12/31/202003/12/202110-K
09/30/202011/20/202010-Q
12/31/201805/10/202110-K/A

Insider Activity

Updated 9/16/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Bentley, Pamela LChief Financial OfficerDirectSell916202612.6810,000126,787182,535Form
2Bentley, Pamela LChief Financial OfficerDirectSell916202612.5640,000502,508306,492Form
3Sullivan, Kathleen PatriciaPrincipal Accounting OfficerDirectSell903202613.1615,037197,959589,717Form
4Sullivan, Kathleen PatriciaPrincipal Accounting OfficerDirectSell903202613.1524,963328,358787,018Form
5Cantor, Fitzgerald, L PSee FootnotesSell717202613.57426,5505,788,28479,987,402Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Bentley, Pamela LChief Financial OfficerDirectSell916202612.6810,000126,787182,535Form
2Bentley, Pamela LChief Financial OfficerDirectSell916202612.5640,000502,508306,492Form
3Sullivan, Kathleen PatriciaPrincipal Accounting OfficerDirectSell903202613.1615,037197,959589,717Form
4Sullivan, Kathleen PatriciaPrincipal Accounting OfficerDirectSell903202613.1524,963328,358787,018Form
5Cantor, Fitzgerald, L PSee FootnotesSell717202613.57426,5505,788,28479,987,402Form
6Cantor, Fitzgerald, L PSee FootnotesSell717202613.84130,5561,807,22987,498,542Form
7Blanton, Angela DirectSell227202611.731,90622,359536,081Form
8Blanton, Angela DirectSell227202611.8839,278466,458565,347Form
9Bentley, Pamela LChief Financial OfficerDirectSell1218202511.6240,000464,97638,465Form
10Bentley, Pamela LChief Financial OfficerDirectSell1218202511.6140,000464,432502,852Form
11Lutnick, Howard WSee FootnotesSell100620250.006,451,535  Form
Core Cache Last Updated: 9/24/2026