GCM Grosvenor (GCMG)
Market Price (4/13/2026): $9.72 | Market Cap: $558.3 MilSector: Financials | Industry: Asset Management & Custody Banks
GCM Grosvenor (GCMG)
Market Price (4/13/2026): $9.72Market Cap: $558.3 MilSector: FinancialsIndustry: Asset Management & Custody Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 2.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.4%, FCF Yield is 31% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31% Low stock price volatilityVol 12M is 30% Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Equity, Private Credit, and Venture Capital. | Weak multi-year price returns2Y Excs Rtn is -19%, 3Y Excs Rtn is -19% | Key risksGCMG key risks include [1] adverse market and economic conditions, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 2.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.4%, FCF Yield is 31% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31% |
| Low stock price volatilityVol 12M is 30% |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Equity, Private Credit, and Venture Capital. |
| Weak multi-year price returns2Y Excs Rtn is -19%, 3Y Excs Rtn is -19% |
| Key risksGCMG key risks include [1] adverse market and economic conditions, Show more. |
Qualitative Assessment
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GCM Grosvenor (GCMG) stock has lost about 15% since 12/31/2025 because of the following key factors:
1. Elevated Dividend Payout Ratio and High Debt-to-Equity. GCM Grosvenor's stock experienced downward pressure, partly due to its elevated dividend payout ratio, which stood at 129.73% as of March 2026. This indicates that the company is paying out more in dividends than it earns, which can be a concern for investors regarding long-term sustainability. Additionally, the company's debt-to-equity ratio was 3.36.
2. Lower-Than-Expected Carried Interest Realizations and Muted Fee Guidance. Despite beating overall Q4 2025 earnings and revenue estimates, the company reported lower-than-expected carried interest realizations in Q4 2025. Furthermore, management indicated that private-markets management fees for 2026 are expected to be relatively consistent with Q4 2025, with limited catch-up fees, which may have tempered investor expectations for future growth in a key revenue stream.
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1. Elevated Dividend Payout Ratio and High Debt-to-Equity. GCM Grosvenor's stock experienced downward pressure, partly due to its elevated dividend payout ratio, which stood at 129.73% as of March 2026. This indicates that the company is paying out more in dividends than it earns, which can be a concern for investors regarding long-term sustainability. Additionally, the company's debt-to-equity ratio was 3.36.
2. Lower-Than-Expected Carried Interest Realizations and Muted Fee Guidance. Despite beating overall Q4 2025 earnings and revenue estimates, the company reported lower-than-expected carried interest realizations in Q4 2025. Furthermore, management indicated that private-markets management fees for 2026 are expected to be relatively consistent with Q4 2025, with limited catch-up fees, which may have tempered investor expectations for future growth in a key revenue stream.
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Stock Movement Drivers
Fundamental Drivers
The -13.2% change in GCMG stock from 12/31/2025 to 4/12/2026 was primarily driven by a -30.3% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4122026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.20 | 9.72 | -13.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 558 | 566 | 1.4% |
| Net Income Margin (%) | 6.1% | 8.0% | 31.6% |
| P/E Multiple | 17.7 | 12.3 | -30.3% |
| Shares Outstanding (Mil) | 54 | 57 | -6.7% |
| Cumulative Contribution | -13.2% |
Market Drivers
12/31/2025 to 4/12/2026| Return | Correlation | |
|---|---|---|
| GCMG | -13.2% | |
| Market (SPY) | -5.4% | 41.1% |
| Sector (XLF) | -7.3% | 37.0% |
Fundamental Drivers
The -17.7% change in GCMG stock from 9/30/2025 to 4/12/2026 was primarily driven by a -43.6% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 4122026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.81 | 9.72 | -17.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 544 | 566 | 4.0% |
| Net Income Margin (%) | 5.1% | 8.0% | 57.6% |
| P/E Multiple | 21.8 | 12.3 | -43.6% |
| Shares Outstanding (Mil) | 51 | 57 | -11.1% |
| Cumulative Contribution | -17.7% |
Market Drivers
9/30/2025 to 4/12/2026| Return | Correlation | |
|---|---|---|
| GCMG | -17.7% | |
| Market (SPY) | -2.9% | 32.9% |
| Sector (XLF) | -5.4% | 37.9% |
Fundamental Drivers
The -23.6% change in GCMG stock from 3/31/2025 to 4/12/2026 was primarily driven by a -60.0% change in the company's P/E Multiple.| (LTM values as of) | 3312025 | 4122026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.73 | 9.72 | -23.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 523 | 566 | 8.0% |
| Net Income Margin (%) | 3.6% | 8.0% | 124.6% |
| P/E Multiple | 30.8 | 12.3 | -60.0% |
| Shares Outstanding (Mil) | 45 | 57 | -21.3% |
| Cumulative Contribution | -23.6% |
Market Drivers
3/31/2025 to 4/12/2026| Return | Correlation | |
|---|---|---|
| GCMG | -23.6% | |
| Market (SPY) | 16.3% | 38.2% |
| Sector (XLF) | 3.0% | 41.9% |
Fundamental Drivers
The 42.2% change in GCMG stock from 3/31/2023 to 4/12/2026 was primarily driven by a 83.2% change in the company's Net Income Margin (%).| (LTM values as of) | 3312023 | 4122026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.84 | 9.72 | 42.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 453 | 566 | 25.0% |
| Net Income Margin (%) | 4.4% | 8.0% | 83.2% |
| P/E Multiple | 14.6 | 12.3 | -15.6% |
| Shares Outstanding (Mil) | 42 | 57 | -26.4% |
| Cumulative Contribution | 42.2% |
Market Drivers
3/31/2023 to 4/12/2026| Return | Correlation | |
|---|---|---|
| GCMG | 42.2% | |
| Market (SPY) | 63.3% | 38.8% |
| Sector (XLF) | 64.9% | 42.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GCMG Return | -19% | -24% | 25% | 43% | -4% | -13% | -8% |
| Peers Return | 80% | -29% | 67% | 55% | -4% | -26% | 139% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| GCMG Win Rate | 33% | 58% | 67% | 50% | 50% | 25% | |
| Peers Win Rate | 72% | 42% | 67% | 73% | 52% | 25% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| GCMG Max Drawdown | -25% | -37% | -9% | -7% | -13% | -16% | |
| Peers Max Drawdown | -5% | -41% | -5% | -5% | -33% | -32% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[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 4/10/2026 (YTD)
How Low Can It Go
| Event | GCMG | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -52.6% | -25.4% |
| % Gain to Breakeven | 111.2% | 34.1% |
| Time to Breakeven | 966 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -15.6% | -33.9% |
| % Gain to Breakeven | 18.5% | 51.3% |
| Time to Breakeven | 10 days | 148 days |
Compare to BX, KKR, APO, ARES, CG
In The Past
GCM Grosvenor's stock fell -52.6% during the 2022 Inflation Shock from a high on 1/26/2021. A -52.6% loss requires a 111.2% gain to breakeven.
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About GCM Grosvenor (GCMG)
Grosvenor Capital Management, L.P. is global alternative asset management solutions provider. The firm primarily provides its services to pooled investment vehicles. It also provides its services to investment companies, high net worth individuals, pension and profit sharing plans and state or municipal government entities. The firm invests in equity and alternative investment markets of the United States and internationally. The firm invests in multi-strategy, credit-focused, equity-focused, macro-focused, commodity-focused, and other specialty portfolios. It focuses in hedge fund asset classes, private equity, real estate, and/or infrastructure, credit and absolute return strategies. It also focuses in primary fund investments, secondary fund investments, and co-investments with a focus on buyout, distressed debt, mezzanine, venture capital/growth equity investments. The firm seeks to make regionally-focused investments in middle-market buyout. It prefers to invest in aerospace and defense, advanced electronics, information technology, biosciences, and advanced materials. It focuses on Ohio and the Midwest region. The firm employs fundamental and quantitative analysis. Grosvenor Capital Management, L.P. was founded in 1971 and is based in Chicago, Illinois with additional offices in North America, Asia and Europe.
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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.
- 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.
- 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.
- 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.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| GCM Grosvenor Earnings Notes | 12/16/2025 | |
| How Low Can GCM Grosvenor Stock Really Go? | 10/17/2025 | |
| GCM Grosvenor Total Shareholder Return (TSR): 47.2% in 2024 and 15.6% 3-yr compounded annual returns (above peer average) | 03/07/2025 |
| Title | |
|---|---|
| ARTICLES |
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 95.84 |
| Mkt Cap | 42.1 |
| Rev LTM | 9,006 |
| Op Inc LTM | 691 |
| FCF LTM | 1,756 |
| FCF 3Y Avg | 1,803 |
| CFO LTM | 1,872 |
| CFO 3Y Avg | 1,910 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.8% |
| Rev Chg 3Y Avg | 26.8% |
| Rev Chg Q | 33.7% |
| QoQ Delta Rev Chg LTM | 8.3% |
| Op Mgn LTM | 20.9% |
| Op Mgn 3Y Avg | 17.8% |
| QoQ Delta Op Mgn LTM | -0.6% |
| CFO/Rev LTM | 27.5% |
| CFO/Rev 3Y Avg | 22.6% |
| FCF/Rev LTM | 26.8% |
| FCF/Rev 3Y Avg | 21.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 42.1 |
| P/S | 4.1 |
| P/EBIT | 8.4 |
| P/E | 25.4 |
| P/CFO | 7.7 |
| Total Yield | 8.9% |
| Dividend Yield | 2.6% |
| FCF Yield 3Y Avg | 4.2% |
| D/E | 0.7 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.7% |
| 3M Rtn | -27.7% |
| 6M Rtn | -18.5% |
| 12M Rtn | -12.7% |
| 3Y Rtn | 59.3% |
| 1M Excs Rtn | -1.2% |
| 3M Excs Rtn | -25.9% |
| 6M Excs Rtn | -24.7% |
| 12M Excs Rtn | -40.3% |
| 3Y Excs Rtn | -0.4% |
Price Behavior
Price Behavior
| Market Price | $9.72 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 02/05/2019 | |
| Distance from 52W High | -24.3% | |
| 50 Days | 200 Days | |
| DMA Price | $10.67 | $11.37 |
| DMA Trend | down | down |
| Distance from DMA | -8.9% | -14.5% |
| 3M | 1YR | |
| Volatility | 49.2% | 29.6% |
| Downside Capture | 0.78 | 0.55 |
| Upside Capture | 101.70 | 49.71 |
| Correlation (SPY) | 38.3% | 34.6% |
GCMG Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.90 | 1.78 | 1.56 | 0.95 | 0.60 | 0.64 |
| Up Beta | -0.72 | -0.98 | 0.26 | 0.14 | 0.39 | 0.46 |
| Down Beta | 2.44 | 3.59 | 2.50 | 1.68 | 0.75 | 0.72 |
| Up Capture | 140% | 155% | 120% | 51% | 37% | 44% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 9 | 20 | 31 | 58 | 112 | 373 |
| Down Capture | 207% | 162% | 146% | 103% | 95% | 90% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 13 | 22 | 32 | 61 | 128 | 343 |
[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 | |
|---|---|---|---|---|
| GCMG | -16.6% | 29.7% | -0.60 | - |
| Sector ETF (XLF) | 16.9% | 17.3% | 0.74 | 40.2% |
| Equity (SPY) | 31.2% | 17.3% | 1.47 | 35.0% |
| Gold (GLD) | 60.1% | 27.8% | 1.69 | 3.3% |
| Commodities (DBC) | 29.8% | 16.6% | 1.58 | -1.5% |
| Real Estate (VNQ) | 21.3% | 15.2% | 1.07 | 37.5% |
| Bitcoin (BTCUSD) | -4.3% | 43.7% | 0.02 | 24.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GCMG | |
|---|---|---|---|---|
| GCMG | -0.5% | 26.8% | -0.02 | - |
| Sector ETF (XLF) | 9.7% | 18.7% | 0.40 | 42.6% |
| Equity (SPY) | 11.1% | 17.0% | 0.50 | 42.2% |
| Gold (GLD) | 22.1% | 17.8% | 1.02 | 5.6% |
| Commodities (DBC) | 11.8% | 18.8% | 0.52 | 7.7% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 37.5% |
| Bitcoin (BTCUSD) | 4.3% | 56.5% | 0.30 | 15.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GCMG | |
|---|---|---|---|---|
| GCMG | 2.2% | 25.6% | 0.13 | - |
| Sector ETF (XLF) | 12.7% | 22.2% | 0.53 | 28.0% |
| Equity (SPY) | 13.8% | 17.9% | 0.66 | 29.9% |
| Gold (GLD) | 14.2% | 15.9% | 0.74 | 5.0% |
| Commodities (DBC) | 8.6% | 17.6% | 0.41 | 7.3% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.22 | 26.1% |
| Bitcoin (BTCUSD) | 67.6% | 66.9% | 1.07 | 11.6% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/10/2026 | 14.1% | 18.3% | 16.2% |
| 11/5/2025 | 1.2% | 1.3% | -5.1% |
| 8/7/2025 | 2.0% | 10.5% | 9.4% |
| 5/7/2025 | 0.0% | -0.6% | -0.7% |
| 2/10/2025 | 3.8% | 2.1% | -6.0% |
| 11/8/2024 | -2.3% | -4.4% | 1.1% |
| 8/8/2024 | -1.2% | 3.2% | 3.8% |
| 5/7/2024 | 0.2% | -2.6% | 3.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 13 | 11 |
| # Negative | 10 | 9 | 11 |
| Median Positive | 2.1% | 4.6% | 3.8% |
| Median Negative | -2.0% | -4.2% | -6.0% |
| Max Positive | 14.1% | 18.3% | 16.2% |
| Max Negative | -5.6% | -11.4% | -17.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/01/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/10/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Dividends | 0.12 | 0 | Same New | Actual: 0.12 for Q4 2025 | |||
| 2026 Share Repurchases | 255.00 Mil | 15.9% | Raised | Guidance: 220.00 Mil for 2026 | |||
Prior: Q3 2025 Earnings Reported 11/5/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Dividends | 0.12 | 9.1% | Raised | Actual: 0.11 for Q3 2025 | |||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Bentley, Pamela L | Chief Financial Officer | Direct | Sell | 12182025 | 11.61 | 40,000 | 464,432 | 502,852 | Form |
| 2 | Bentley, Pamela L | Chief Financial Officer | Direct | Sell | 12182025 | 11.62 | 40,000 | 464,976 | 38,465 | Form |
| 3 | Lutnick, Howard W | See Footnotes | Sell | 10062025 | 0.00 | 6,451,535 | Form | |||
| 4 | Sullivan, Kathleen Patricia | Principal Accounting Officer | Direct | Sell | 8132025 | 13.02 | 6,000 | 78,124 | 783,775 | Form |
| 5 | Blanton, Angela | Direct | Sell | 6032025 | 12.65 | 13,902 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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