Los Angeles Capital Management Llc
- Regulatory AUM
- $40.6B
- Discretionary
- $40.6B
- Clients
- 42
- Avg AUM / client
- $966M
- Accounts
- 71
- Employees
- 103
AUM over time
Annual snapshots from Form ADV filings · as of Jul 20, 2026
Investments (13F portfolio — 2,374 positions, $25,379,006,021)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Nvidia Corp | Common Stock | $2,328,400,974 | 13,350,923 | 9.17% | 5.74% |
| 2 | Apple Inc | Common Stock | $1,833,543,670 | 7,224,649 | 7.22% | 4.52% |
| 3 | Microsoft Corp | Common Stock | $1,230,934,077 | 3,325,321 | 4.85% | 3.03% |
| 4 | Broadcom Inc | Common Stock | $922,450,294 | 2,980,357 | 3.63% | 2.27% |
| 5 | Alphabet Inc | Common Stock | $622,103,815 | 2,168,667 | 2.45% | 1.53% |
| 6 | Alphabet Inc | Common Stock | $526,594,251 | 1,831,250 | 2.07% | 1.3% |
| 7 | Amazon.Com Inc | Common Stock | $512,545,807 | 2,460,968 | 2.02% | 1.26% |
| 8 | Eli Lilly & Co | Common Stock | $418,046,504 | 454,512 | 1.65% | 1.03% |
| 9 | Meta Platforms Inc | Common Stock | $405,939,968 | 709,524 | 1.6% | 1.0% |
| 10 | Booking Holdings Inc | Common Stock | $317,647,592 | 75,445 | 1.25% | 0.78% |
| 11 | At&T Inc | Common Stock | $316,116,007 | 10,904,312 | 1.25% | 0.78% |
| 12 | Abb Vie Inc | Common Stock | $274,242,276 | 1,260,942 | 1.08% | 0.68% |
| 13 | Newmont Corp | Common Stock | $261,156,053 | 2,412,527 | 1.03% | 0.64% |
| 14 | Bristol Myers Squibb Co | Common Stock | $258,191,235 | 4,257,069 | 1.02% | 0.64% |
| 15 | Amphenol Corp | Common Stock | $246,240,611 | 1,948,877 | 0.97% | 0.61% |
| 16 | Lam Research Corp | Common Stock | $237,948,865 | 1,113,680 | 0.94% | 0.59% |
| 17 | Trane Technologies Plc | Common Stock | $234,957,598 | 563,799 | 0.93% | 0.58% |
| 18 | Hartford Financial Services Gr | Common Stock | $234,485,441 | 1,733,975 | 0.92% | 0.58% |
| 19 | Exxon Mobil Corp | Common Stock | $220,510,156 | 1,299,718 | 0.87% | 0.54% |
| 20 | Phillips 66 | Common Stock | $219,669,913 | 1,205,785 | 0.87% | 0.54% |
| 21 | Vici Properties Inc | Common Stock | $215,042,766 | 7,871,258 | 0.85% | 0.53% |
| 22 | Valero Energy Corp | Common Stock | $213,924,086 | 865,809 | 0.84% | 0.53% |
| 23 | Howmet Aerospace Inc | Common Stock | $211,542,459 | 917,914 | 0.83% | 0.52% |
| 24 | Incyte Corp | Common Stock | $201,873,001 | 2,144,847 | 0.8% | 0.5% |
| 25 | Arista Networks Inc | Common Stock | $186,179,667 | 1,516,368 | 0.73% | 0.46% |
Top 25 of 2,374 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 9 | $13.7B | 33.8% |
| Pooled investment vehicles (non-investment companies) | 17 | $19.2B | 47.3% |
| Pension and profit sharing plans | 11 | $5.2B | 12.7% |
| Charitable organizations | 0 | $114M | 0.28% |
| State or municipal government entities | 5 | $2.1B | 5.21% |
| Corporations and other businesses | Fewer than 5 clients | $21.8M | 0.05% |
| Other | Fewer than 5 clients | $283M | 0.7% |
Private funds (6)
Reported in Form ADV Section 7.B.(1), filing of Aug 2024 · $2.1B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Lacm Large Cap Alpha Fund L.P. | Hedge Fund | Delaware | $977M | 3 |
| Lacm Emerging Markets Fund, L.P. | Hedge Fund | Delaware | $509M | 4 |
| Lacm Emii, L.P. | Hedge Fund | Delaware | $301M | 2 |
| Lacm Global Equity Fund L.P. | Hedge Fund | Delaware | $202M | 4 |
| Lacm World Small Cap Equity Fund, L.P. | Hedge Fund | Delaware | $92.1M | 2 |
| Lacm Acwi Ex Us Equity Fund Lp | Other Private Fund | Delaware | $47.6M | 2 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Ibm Personal Pension Plan International Business Machines Corporation | 2024 |
People (11)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Reynolds, Hal, William | Co Chief Investment Officer / Board Member | Jan 2002 (25y) | Less than 5% | |
| Stevens, Thomas, Dellwyn | Chairman | Jan 2002 (25y) | ≈ 18.75% – 50% via Lacm Holdings Inc. | |
| Reynolds, Jennifer, Elizabeth | Chief Compliance Officer / Board Member | Nov 2007 (19y) | Less than 5% | |
| Oetomo, Steve | Chief Technology Officer | Jun 2016 (10y) | Less than 5% | |
| Allen, Daniel, Earle | Ceo / President / Board Member | Jan 2017 (10y) | Less than 5% | |
| Barker, Linda, Daves | Chief Legal Officer / General Counsel / Corporate Secretary | Feb 2017 (10y) | Less than 5% | |
| Matsuda, Stuart, Kei | Chief Trading Officer / Board Member | Feb 2017 (10y) | Less than 5% | |
| Cunningham, Elizabeth | Cfo | Jan 2021 (6y) | Less than 5% | |
| Rackham, Edward | Co Chief Investment Officer | Oct 2022 (4y) | Less than 5% | |
| Rowe, Bradford | Chief Research Officer | Oct 2022 (4y) | Less than 5% | |
| Tanner Button | Registered representative | Apr 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Lacm Holdings Inc. | Parent Holding Company, Member, Manager | Jan 2021 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Stevens, Thomas, Dellwyn: 25% – 50% of Lacm Holdings Inc. × 75% – 100% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (6, $2.1B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Lacm Large Cap Alpha Fund L.P. | Hedge Fund | $977M | $5.0M | 3 |
| Lacm Emerging Markets Fund, L.P. | Hedge Fund | $509M | $5.0M | 4 |
| Lacm Emii, L.P. | Hedge Fund | $301M | $5.0M | 2 |
| Lacm Global Equity Fund L.P. | Hedge Fund | $202M | $10.0M | 4 |
| Lacm World Small Cap Equity Fund, L.P. | Hedge Fund | $92.1M | $10.0M | 2 |
| Lacm Acwi Ex Us Equity Fund Lp | Other Private Fund | $47.6M | $5.0M | 2 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Ibm Personal Pension Plan | International Business Machines Corporation | 43,052 | $17.9B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (2 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/20/2026 | 2.18 MB | View · PDF · Source ↗ |
| Form ADV (full filing) | 03/27/2026 | 2.18 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- State Street $2.9B (7% of AUM) Jul 2026
- J.P. Morgan $2.1B (8% of AUM) Jan 2021
- Citigroup, Inc. $1.6B (4% of AUM) Jul 2026
- Northern Trust $1.5B (4% of AUM) Jul 2026
- BNY Mellon $1.3B (3% of AUM) Jul 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 20, 2026.
View current Form ADV (SEC/IAPD) ↗