GCM Grosvenor
GCMG on Nasdaq. GCM Grosvenor manages alternative investments for institutional and individual clients. Market value $599m.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
What to watch out for
See Financial services stocks that passed both tests
This is not advice. Check the numbers below.
We don't have this figure for this company.
What you pay for each dollar of net assets: $102.62.
Profit per $100 you pay: $1.71.
Quality score: not known. Price score: 10 of 100. Our list needs 70 on quality and 60 on price.
$13.18 a share, 42% above its 1-year low
Over the past year the price has ranged from $9.30 to $14.87.
Dividend: 1.0% a year
Paid every year for at least 5 years
Payouts have jumped around in recent years, so this may not repeat.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $532m | $447m | $445m | $514m | $558m |
| Operating margin | |||||
| Operating margin | n/a | n/a | n/a | n/a | n/a |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.19bn | 0.19bn | 0.19bn | 0.19bn | 0.20bn |
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsSlow, 5.3% a year
- Buying back its own sharesRoughly flat
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $134 million last quarter, up 12% on a year ago.
- Profit: $10 million, down 38% on a year ago.
- Spare cash over the past 12 months: $186 million, up from $172 million.
- 4% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in 3 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $123m |
| December 2024 | $165m |
| March 2025 | $126m |
| June 2025 | $120m |
| September 2025 | $135m |
| December 2025 | $177m |
| March 2026 | $125m |
| June 2026 | $134m |
| Quarter to | Amount |
|---|---|
| September 2024 | $4m |
| December 2024 | $8m |
| March 2025 | $463,000 |
| June 2025 | $15m |
| September 2025 | $10m |
| December 2025 | $19m |
| March 2026 | $5m |
| June 2026 | $10m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 19 February 2026
- Next quarterly (estimated, 10-Q)
- 9 November 2026
Who owns it
2 long-term investors we follow own it, unchanged from 2 last quarter. 148 funds in all.
- Ariel InvestmentsJohn Rogers Jr.
- Value
- $54m
- Share of fund
- 0.5%
- Royce & AssociatesChuck Royce
- Value
- $22m
- Share of fund
- 0.2%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Ariel InvestmentsJohn Rogers Jr. | $54m | 0.5% | |
| Royce & AssociatesChuck Royce | $22m | 0.2% |
Largest holders overall
- Cantor Fitzgerald, L. P.$79m
- Ameriprise Financial$66mAdded
- BlackRock$59mAdded
- Ariel Investments$54m
- Sumitomo Mitsui Trust Group$46m
- Vanguard Portfolio Management$32m
- Vanguard Capital Management$32mCut
- Bamco$27m
- Goldman Sachs Group$26mAdded
- Royce & Associates$22m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
7 investors own more than 5%.
- Michael Jay SacksPassive investorat least 69.9%−0.1 pts(filed with 5 related holders)Since 30 June 2026
- Columbia Wanger Asset Management, LLCPassive investor13.1%Since 31 December 2024
- Cantor Fitzgerald, L.P.Passive investorat least 10.3%−4.7 pts(filed with 4 related holders)Since 31 December 2025
- Ameriprise Financial, Inc.Passive investorat least 8.7%−1.5 pts(filed with 2 related holders)Since 31 March 2026
- Ariel InvestmentsPassive investor7.2%−1.7 ptsSince 31 March 2026
- Sumitomo Mitsui Trust Group, Inc.Passive investorat least 6.2%−1.3 pts(filed with 1 related holder)Since 31 March 2026
- BlackRock, Inc.Passive investor6.1%Since 30 June 2025
- Vanguard Capital ManagementPassive investorSold down below 5%Since 30 June 2026
- Royce & AssociatesPassive investorSold down below 5%Since 30 June 2025
- Massachusetts Financial Services CompanyPassive investorSold down below 5%Since 30 June 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
- LMR Partners LLCPassive investorSold down below 5%Since 31 December 2025
- Howard W. LutnickPassive investorSold down below 5%Since 6 October 2025
- WASATCH ADVISORS LPPassive investorSold down below 5%Since 30 June 2025
| Holder | Stake | Since | |
|---|---|---|---|
Michael Jay Sacks Passive investor | at least 69.9%−0.1 pts (filed with 5 related holders) | 30 June 2026 | |
Columbia Wanger Asset Management, LLC Passive investor | 13.1% | 31 December 2024 | |
Cantor Fitzgerald, L.P. Passive investor | at least 10.3%−4.7 pts (filed with 4 related holders) | 31 December 2025 | |
Ameriprise Financial, Inc. Passive investor | at least 8.7%−1.5 pts (filed with 2 related holders) | 31 March 2026 | |
Ariel Investments Passive investor | 7.2%−1.7 pts | 31 March 2026 | |
Sumitomo Mitsui Trust Group, Inc. Passive investor | at least 6.2%−1.3 pts (filed with 1 related holder) | 31 March 2026 | |
BlackRock, Inc. Passive investor | 6.1% | 30 June 2025 | |
Vanguard Capital Management Passive investor | Sold down below 5% | 30 June 2026 | |
Royce & Associates Passive investor | Sold down below 5% | 30 June 2025 | |
Massachusetts Financial Services Company Passive investor | Sold down below 5% | 30 June 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 | |
LMR Partners LLC Passive investor | Sold down below 5% | 31 December 2025 | |
Howard W. Lutnick Passive investor | Sold down below 5% | 6 October 2025 | |
WASATCH ADVISORS LP Passive investor | Sold down below 5% | 30 June 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 3 sold $3m, $2m of it under preset trading plans.
- Bentley Pamela LChief Financial OfficerSoldunder a preset trading plan
- Date
- 16 September 2026
- Shares
- 10,000
- Price
- $12.68
- Value
- $126,787
- Bentley Pamela LChief Financial OfficerSoldunder a preset trading plan
- Date
- 15 September 2026
- Shares
- 40,000
- Price
- $12.56
- Value
- $502,508
- SULLIVAN KATHLEEN PATRICIAPrincipal Accounting OfficerSold
- Date
- 3 September 2026
- Shares
- 15,037
- Price
- $13.16
- Value
- $197,959
- SULLIVAN KATHLEEN PATRICIAPrincipal Accounting OfficerSold
- Date
- 2 September 2026
- Shares
- 24,963
- Price
- $13.15
- Value
- $328,358
- Blanton AngelaDirectorSold
- Date
- 27 February 2026
- Shares
- 1,906
- Price
- $11.73
- Value
- $22,357
- Blanton AngelaDirectorSold
- Date
- 26 February 2026
- Shares
- 39,278
- Price
- $11.88
- Value
- $466,623
- Bentley Pamela LChief Financial OfficerSoldunder a preset trading plan
- Date
- 17 December 2025
- Shares
- 40,000
- Price
- $11.62
- Value
- $464,800
- Bentley Pamela LChief Financial OfficerSoldunder a preset trading plan
- Date
- 16 December 2025
- Shares
- 40,000
- Price
- $11.61
- Value
- $464,400
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 16 September 2026 | Bentley Pamela L Chief Financial Officer | Sold under a preset trading plan | 10,000 | $12.68 | $126,787 |
| 15 September 2026 | Bentley Pamela L Chief Financial Officer | Sold under a preset trading plan | 40,000 | $12.56 | $502,508 |
| 3 September 2026 | SULLIVAN KATHLEEN PATRICIA Principal Accounting Officer | Sold | 15,037 | $13.16 | $197,959 |
| 2 September 2026 | SULLIVAN KATHLEEN PATRICIA Principal Accounting Officer | Sold | 24,963 | $13.15 | $328,358 |
| 27 February 2026 | Blanton Angela Director | Sold | 1,906 | $11.73 | $22,357 |
| 26 February 2026 | Blanton Angela Director | Sold | 39,278 | $11.88 | $466,623 |
| 17 December 2025 | Bentley Pamela L Chief Financial Officer | Sold under a preset trading plan | 40,000 | $11.62 | $464,800 |
| 16 December 2025 | Bentley Pamela L Chief Financial Officer | Sold under a preset trading plan | 40,000 | $11.61 | $464,400 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 19 Feb 2026, plus the 10-Q filed 10 Aug 2026 and 3 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.