Anchorage Capital Group, L.L.C.
- Regulatory AUM
- $3.7B
- Discretionary
- $3.7B
- Clients
- 38
- Avg AUM / client
- $97.6M
- Accounts
- 38
- Employees
- 93
AUM over time
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Investments (13F portfolio — 3 positions, $436,280,755)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Equipmentshare Com Inc | COM CL A | $361,986,307 | 17,770,560 | 83.0% | 9.76% |
| 2 | Sentinelone Inc | CL A | $63,589,243 | 4,937,053 | 14.6% | 1.72% |
| 3 | Ginkgo Bioworks Holdings Inc | CL A NEW | $10,705,205 | 1,746,363 | 2.45% | 0.29% |
Top 25 of 3 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 |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 37 | $3.6B | 95.8% |
| State or municipal government entities | 1 | $155M | 4.18% |
Private funds (10)
Reported in Form ADV Section 7.B.(1), filing of May 2024 · $6.5B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Anchorage Capital Master Offshore, Ltd. master | Hedge Fund | Cayman Islands | $2.3B | 226 |
| Anchorage Illiquid Opportunities Master Vii (A), L.P. master | Hedge Fund | Cayman Islands | $1.6B | 82 |
| Anchorage Illiquid Opportunities Master Vi (A), L.P. master | Hedge Fund | Cayman Islands | $1.1B | 84 |
| Anchorage Illiquid Opportunities Offshore Master V, L.P. master | Hedge Fund | Cayman Islands | $733M | 79 |
| Bhcb Holdings Llc | Hedge Fund | Delaware | $283M | 7 |
| Anchorage Structured Credit Master Fund, L.P. master | Hedge Fund | Cayman Islands | $235M | 9 |
| Aio V Aiv, L.P. | Hedge Fund | Delaware | $105M | 79 |
| Anchorage Illiquid Opportunities Offshore Master Iv, L.P. master | Hedge Fund | Cayman Islands | $14.1M | 64 |
| Anchorage Illiquid Opportunities Offshore Master Iii, L.P. master | Hedge Fund | Cayman Islands | $8.4M | 54 |
| Anchorage Co Investment Fund, L.P. Series A | Hedge Fund | Delaware | $488K | 36 |
People (10)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Daniel Hennelly Stern | Senior Managing Member | Feb 1997 (30y) | 25% – 50% of Rcgm, Llc (indirect) | |
| Huff, Craig, Allen | Senior Managing Member | Feb 1997 (30y) | 25% – 50% of Rcgm, Llc (indirect) | |
| Ulrich, Kevin, Michael | Chairman | Jul 2003 (23y) | ≈ 56.25% – 100% via Anchorage Advisors Management, L.L.C. | |
| Birrell, Natalie, Ann | President | Feb 2007 (20y) | Less than 5% | |
| Young, David, T | Chief Compliance Officer | Aug 2014 (12y) | Less than 5% | |
| Baron, Yale, Jacob | Co Chief Investment Officer | Dec 2021 (5y) | Less than 5% | |
| Gournay, Thibault, Mathieu | Co Chief Investment Officer | Dec 2021 (5y) | Less than 5% | |
| Dunleavy, Robert, O. | Chief Operating Officer | Jan 2022 (5y) | Less than 5% | |
| Akerman, Andrew, John | Chief Financial Officer | Feb 2022 (5y) | Less than 5% | |
| Fernandez, Daniel, Eugenio | General Counsel | Mar 2022 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Anchorage Advisors Management, L.L.C. | Managing Member | Jul 2003 | A | 75% or more |
| Reservoir Capital Partners, Lp | Member | Jul 2003 | A | 5% – 10% |
| Reservoir Capital Partners (Cayman), Lp | Limited Partner | Jan 2006 | B | ≈ 3.75% – 10% via Reservoir Capital Partners, Lp |
| Rcgm, Llc | Managing Member | Feb 1997 | B | 50% – 75% of Reservoir Capital Group, Llc (indirect) |
| Reservoir Capital Group, Llc | General Partner | Oct 2006 | B | GP / trustee / elected manager of Reservoir Pca Fund (Cayman), Lp (indirect) |
| Rcp Gp, Llc | General Partner | Jan 2006 | B | GP / trustee / elected manager of Reservoir Capital Partners, Lp (indirect) |
Undisclosed: 0% – 20% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Ulrich, Kevin, Michael: 75% – 100% of Anchorage Advisors Management, L.L.C. × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Reservoir Capital Partners (Cayman), Lp: 75% – 100% of Reservoir Capital Partners, Lp × 5% – 10% direct ≈ 3.75% – 10% 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 (10, $6.5B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Anchorage Capital Master Offshore, Ltd. | Hedge Fund | $2.3B | $10.0M | 226 |
| Anchorage Illiquid Opportunities Master Vii (A), L.P. | Hedge Fund | $1.6B | $10.0M | 82 |
| Anchorage Illiquid Opportunities Master Vi (A), L.P. | Hedge Fund | $1.1B | $10.0M | 84 |
| Anchorage Illiquid Opportunities Offshore Master V, L.P. | Hedge Fund | $733M | $10.0M | 79 |
| Bhcb Holdings Llc | Hedge Fund | $283M | $100K | 7 |
| Anchorage Structured Credit Master Fund, L.P. | Hedge Fund | $235M | $1.0M | 9 |
| Aio V Aiv, L.P. | Hedge Fund | $105M | $0 | 79 |
| Anchorage Illiquid Opportunities Offshore Master Iv, L.P. | Hedge Fund | $14.1M | $10.0M | 64 |
| Anchorage Illiquid Opportunities Offshore Master Iii, L.P. | Hedge Fund | $8.4M | $10.0M | 54 |
| Anchorage Co Investment Fund, L.P. Series A | Hedge Fund | $488K | $1.0M | 36 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 4.03 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
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- BNY Mellon $190M (1% of AUM) Feb 2022
- Goldman Sachs $135M (4% of AUM) Mar 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: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗