The Carlyle Group

CG • NASDAQ

The Carlyle Group is a asset management company in the financial services sector on NASDAQ, led by Harvey M. Schwartz, with a market cap of $21.0B. As of Q3 2025, 63% of shares are held by 619 institutional investors, with BlackRock, Inc. as the largest holder at 8.99%.

Chief Executive OfficerHarvey M. Schwartz

Market Cap$21.0B

Asset Management

Financial Services

Employees2.2K

Websitecarlyle.com

Country

United States of America

Overview

Overview of institutional ownership in CG as of Q3 2025 with a market cap of $22.7B

All Institutions

Institutions: 619
Value Held: $14.3B
Shares Held: 227.3M
Avg Position: $23.0M
Median Position: $747.1K

Hedge Funds

Hedge Funds: 39
Value Held: $1.0B
Shares Held: 16.5M
Avg Position: $26.5M
Median Position: $2.7M

Ownership Breakdown

Institutional (non-HF)

58.31%

$13.2B

Hedge Funds

4.56%

$1.0B

Retail & Other

37.12%

$8.4B

Based on market cap of $22.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$2.0B 0.04% of portfolio	8.99% 32.5M shares	Q2 2020 Held for 5y 5m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$1.6B 0.02% of portfolio	7.03% 25.4M shares	Q2 2020 Held for 5y 5m	$6.69T
C Capital World Investors Institution	-	$1.3B 0.17% of portfolio	5.52% 20.0M shares	Q1 2020 Held for 5y 8m	$730.00B
HARRIS ASSOCIATES L P Long Only Manager	Anthony Paul Coniaris Chairman	$685.2M 1.10% of portfolio	3.02% 10.9M shares	Q4 2024 Held for 11 months	$62.4B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$633.6M 0.04% of portfolio	2.79% 10.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$623.4M 0.02% of portfolio	2.75% 9.9M shares	Q2 2020 Held for 5y 5m	$2.88T
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Long Only Manager	Brent Walker Gledhill CEO	$548.6M 1.42% of portfolio	2.42% 8.7M shares	Q4 2022 Held for 2y 11m	$38.7B
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	Edward Murray Maloney CEO	$477.7M 0.15% of portfolio	2.11% 7.6M shares	Q1 2024 Held for 1y 8m	$322.72B
Robeco Investment Management, Inc. Long Only Manager	Joseph Francis Feeney CEO	$386.8M 0.40% of portfolio	1.71% 6.2M shares	Q1 2024 Held for 1y 8m	$97.8B
A ALKEON CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short	Jennifer Wendy Shufro Managing Partner	$372.5M 1.69% of portfolio	1.64% 5.9M shares	Q4 2017 Held for 7y 11m	$22.0B

Net Capital Flow

Institutional buying and selling activity for CG in Q3 2025

Traded: +$186.6M
Buyers: 333
Sellers: 226
Total Bought: +$1.1B
Total Sold: −$939.8M
Avg Position: $21.5M

Biggest Buyers

Institution	Net Bought	Current Position
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$184.2M +2.9M shares	$309.1M 4.9M shares
STATE STREET CORP Institution	+$107.9M +1.7M shares	$623.4M 9.9M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$75.6M +1.2M shares	$75.6M 1.2M shares
B BlackRock, Inc. Institution	+$66.4M +1.1M shares	$2.0B 32.5M shares
MORGAN STANLEY RIA/Wealth	+$60.8M +969.9K shares	$633.6M 10.1M shares
VANGUARD GROUP INC Institution	+$44.8M +714.4K shares	$1.6B 25.4M shares
L LPL Financial LLC Institution	+$43.1M +687.1K shares	$53.1M 846.4K shares
M MOORE CAPITAL MANAGEMENT, LP Hedge Fund•Global Macro	+$42.0M +670.1K shares	$42.0M 670.1K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$39.8M +635.9K shares	$307.7M 4.9M shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	+$30.0M +479.2K shares	$477.7M 7.6M shares

Biggest Sellers

Institution	Net Sold	Current Position
BAMCO INC /NY/ Long Only Manager	−$83.1M −1.3M shares	$10.5M 167.1K shares
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Long Only Manager	−$75.3M −1.2M shares	$548.6M 8.7M shares
R ROYAL BANK OF CANADA Institution	−$65.5M −1.0M shares	$142.3M 2.3M shares
GOLDMAN SACHS GROUP INC Institution	−$62.5M −996.3K shares	$75.2M 1.2M shares
L LGT CAPITAL PARTNERS LTD. Institution	−$39.3M −764.0K shares	Sold Off 0 shares
Robeco Investment Management, Inc. Long Only Manager	−$39.0M −621.4K shares	$386.8M 6.2M shares
D Davis Asset Management, L.P. Institution	−$31.4M −500.0K shares	$62.7M 1.0M shares
ARIEL INVESTMENTS, LLC Long Only Manager	−$29.6M −472.2K shares	$265.4M 4.2M shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	−$28.2M −549.3K shares	Sold Off 0 shares
G Gillson Capital LP Hedge Fund•Long/Short	−$28.0M −544.2K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CG in Q3 2025

New Positions: 60
New Value: $32.2M
Exited Positions: 43
Exited Value: $163.7M

New Positions

Institution	Position Value
River Road Asset Management, LLC Long Only Manager	$9.8M 156.3K shares
U Union Bancaire Privee, UBP SA Institution	$4.2M 83.1K shares
G Generali Asset Management SPA SGR Institution	$1.9M 30.5K shares
FFG Partners, LLC RIA/Wealth	$1.7M 27.3K shares
O Onyx Bridge Wealth Group LLC RIA/Wealth	$1.6M 25.0K shares
I INCEPTIONR LLC Hedge Fund•Quant	$1.4M 23.0K shares
I Impax Asset Management Group plc Long Only Manager	$1.0M 16.7K shares
S Stonegate Management LLC Institution	$1.0M 16.0K shares
SummitTX Capital, L.P. Hedge Fund•Multi-Strategy	$981.8K 15.7K shares
Nilsine Partners, LLC RIA/Wealth	$948.9K 15.1K shares

Exited Positions

Institution	Previous Position
L LGT CAPITAL PARTNERS LTD. Institution	$39.3M 764.0K shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	$28.2M 549.3K shares
G Gillson Capital LP Hedge Fund•Long/Short	$28.0M 544.2K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$25.5M 495.2K shares
A Algebris Ltd Institution	$20.2M 392.9K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$8.4M 162.8K shares
A Andra AP-fonden Institution	$2.8M 54.0K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$2.0M 38.4K shares
E Elo Mutual Pension Insurance Co Institution	$1.4M 26.9K shares
NEW YORK LIFE INVESTMENT MANAGEMENT LLC Long Only Manager	$1.2M 23.7K shares

Options Activity

Institutions with the largest Call and Put options positions in CG as of Q3 2025

Call Positions: 18
Call Value: $221.1M
Put Positions: 12
Put Value: $105.3M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$62.9M 10.0K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$53.9M 8.6K contracts
J JANE STREET GROUP, LLC Institution	$53.0M 8.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$13.8M 2.2K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$7.5M 1.2K contracts
Walleye Trading LLC RIA/Wealth	$7.3M 1.2K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$5.0M 801.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$5.0M 795.0 contracts
W WOLVERINE TRADING, LLC Institution	$5.0M 768.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$2.1M 334.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$39.1M 6.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$21.3M 3.4K contracts
J JANE STREET GROUP, LLC Institution	$12.4M 2.0K contracts
D D. E. Shaw & Co., Inc. Institution	$8.2M 1.3K contracts
Walleye Trading LLC RIA/Wealth	$7.4M 1.2K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$5.0M 794.0 contracts
P PEAK6 LLC Institution	$3.8M 613.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$2.6M 412.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$2.5M 397.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$1.7M 276.0 contracts

Most Committed Institutions

Institutions with CG as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
MEKETA INVESTMENT GROUP INC /ADV Fund of Funds	Peter Scott Woolley CEO	5.84% $1.8M	0.01% 28.4K shares	Q4 2024 Held for 11 months	$30.5M
SMH CAPITAL ADVISORS INC RIA/Wealth	Dwayne Alan Moyers President	4.04% $1.0M	0.01% 19.0K shares	Q2 2024 Held for 1y 5m	$25.1M
S SIRIOS CAPITAL MANAGEMENT L P Hedge Fund•Long/Short	John Francis Brennan Managing Partner	3.40% $26.1M	0.12% 416.1K shares	Q3 2023 Held for 2y 2m	$768.2M
Azora Capital LP Hedge Fund•Long/Short	Ravi (Nmn) Chopra CIO	3.13% $67.5M	0.30% 1.1M shares	Q4 2024 Held for 11 months	$2.2B
ARIEL INVESTMENTS, LLC Long Only Manager	John Washington Rogers CEO	2.84% $265.4M	1.17% 4.2M shares	Q4 2022 Held for 2y 11m	$9.4B
Sargent Investment Group, LLC RIA/Wealth	Teresa Marie Schafer CCO	2.76% $19.3M	0.09% 307.5K shares	Q4 2018 Held for 6y 11m	$698.1M
TANAKA CAPITAL MANAGEMENT INC RIA/Wealth	Graham Yoshio Tanaka President	2.63% $1.8M	0.01% 28.8K shares	Q3 2025 Held for 2 months	$68.8M
Gator Capital Management, LLC Hedge Fund•Long/Short	Derek Steven Pilecki CIO	2.62% $10.2M	0.04% 162.8K shares	Q4 2022 Held for 2y 11m	$390.0M
Kerusso Capital Management LLC RIA/Wealth	Randell Alfredine Cain CEO	2.53% $4.1M	0.02% 65.7K shares	Q2 2024 Held for 1y 5m	$162.7M
F FRANKLIN STREET ADVISORS INC /NC RIA/Wealth	Lori Michelle Frischer President	2.43% $42.2M	0.19% 672.8K shares	Q4 2024 Held for 11 months	$1.7B

Hedge Fund Spotlight

Discover hedge funds investing in CG

Holocene Advisors, LP

Hedge Fund • Long/Short

Portfolio ManagerJohn Brandon Haley

Portfolio Value: $43.5B
Positions: 726
Last Reported: Q3 2025

Sector Allocation

Position in The Carlyle Group

Market Value: $45.1M
Shares Held: 718.6K
Portfolio Weight: 0.10%
Owned Since: 2023-Q2

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$3.1B	7.21%
2 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$2.7B	6.29%
3 Amazon AMZN	Specialty Retail Consumer Cyclical	$2.3B	5.30%