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Companies / Financials / AFFILIATED MANAGERS GROUP, INC.
AMG

AFFILIATED MANAGERS GROUP, INC.

FinancialsBanks & Brokers
Ticker AMGJUPITER, FLFiscal year ends DecemberBook value per share $111.28Diluted shares 27.3M

Affiliated Managers Group, Inc. (NYSE: AMG) operates as a strategic partner to leading independent investment firms globally through its distinctive partnership model. The company's website is www.amg.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$2.07B
+1.6% year over year
Last 12 mo $2.27B
0.00%
$904.00M
+22.1% year over year
Last 12 mo $1.05B
22.13%
+6.8 percentage points
Last 12 mo 28.19%
Cash & financing
$973.20M
+4.4% year over year
Last 12 mo $1.07B
$967.10M
+4.1% year over year
Last 12 mo $1.06B
0.83
Was 0.78× a year earlier
Last 12 mo 0.99
33.0M
−8.6% year over year
Last 12 mo 27.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What AFFILIATED MANAGERS GROUP, INC. does

In the company’s own words

Affiliated Managers Group, Inc. (NYSE: AMG) operates as a strategic partner to leading independent investment firms globally through its distinctive partnership model. The company's website is www.amg.com.

AMG generates long-term value by investing in high-quality independent partner-owned firms, referred to as Affiliates, while preserving their autonomy and ownership culture. The company's strategy focuses on allocating resources across its unique opportunity set to areas of highest growth and return. As of December 31, 2025, AMG's Affiliates managed approximately $813 billion in assets across alternative and differentiated long-only strategies.

The company's business is organized around three primary strategy categories. Private markets Affiliates managed approximately $146 billion, operating across diverse growing areas within private equity, infrastructure, and related sectors. Liquid alternatives Affiliates managed approximately $227 billion across multi-strategy, global macro, relative value fixed income, and trend-following strategies designed to generate returns with low correlation to broader markets. Differentiated long-only strategies Affiliates managed approximately $312 billion in equities and $128 billion in multi-asset and fixed income strategies.

AMG's partnership structure is distinctive in the investment management industry. Rather than consolidating independent firms, AMG offers bespoke solutions that enable Affiliate management teams to retain significant equity ownership and operational autonomy while accessing AMG's strategic capabilities. These capabilities include access to growth capital, product strategy and distribution through a vertically-integrated U.S. wealth platform, succession planning solutions, and strategic advisory services. The company maintains a vertically-integrated distribution platform with specialized sales teams, strategic relationships capabilities, and marketing expertise serving institutional and wealth clients across the United States, Europe, the United Kingdom, the Middle East, and Asia.

As of December 31, 2025, AMG and its Affiliates employed approximately 5,600 people, with approximately 250 employees at AMG corporate. The company generates revenue primarily through asset-based and performance-based fees earned by its Affiliates on assets under management. AMG's diversified portfolio of Affiliates across complementary strategies enhances earnings stability across market cycles while supporting reinvestment in highest-return opportunities.

Company details
Sector
Financials
Industry
Banks & Brokers
Headquarters
JUPITER, FL
Fiscal year end
December
CIK
1004434
SIC
6282

Financial performance, year by year

Fiscal 2013–2025 · USD
$-251.09M$502.18M$1.26B$2.01B$2.76B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns AFFILIATED MANAGERS GROUP, INC. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

409
funds hold it
0 of 35
superinvestors hold it
$3.69B
held by funds, at market
43.4%
of shares held by funds
3
bond issues held by funds

Largest fund holders · AFFILIATED MANAGERS GROUP, INC.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.25%of fund net assets
FULLERTHALER BEHAVIORAL SMALL CAP EQUITY
FTHNX · Capitol Series Trust
2.18%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
Eaton Vance Atlanta Capital SMID-Cap Fund
EAASX · Eaton Vance Growth Trust
3.02%of fund net assets
Disciplined Value Mid Cap Fund
JVMAX · John Hancock Funds III
1.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

AFFILIATED MANAGERS GROUP, INC.’s bonds, as funds hold them

Funds report holding 3 issues of AFFILIATED MANAGERS GROUP, INC.’s debt, $264.42M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.82%, maturing 2030 to 2036.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • How do AFFILIATED MANAGERS GROUP, INC. and its peers compare on margins and cash generation over ten years?
  • Where did five years of AFFILIATED MANAGERS GROUP, INC.'s earnings go — cash, debt, buybacks, reinvestment?
  • What changed in AFFILIATED MANAGERS GROUP, INC.'s last four quarterly filings that the numbers alone won't show?
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