Brandywine Asset Management is an SEC-registered investment adviser based in Thornton, PA that reports managing 1 hedge fund on Form ADV. It reports $156.0 million in regulatory assets under management. Its private funds, of all types, hold $11.0 million in gross assets. Its disclosed U.S. stock holdings returned an estimated -1.9% 2026 YTD through Mar 31 (S&P 500: -4.6%), based on 13F filings. Over a longer period they returned an estimated -1.9% from Q1 2026 to Q1 2026, compared with -4.6% for the S&P 500, based on 13F filings.
- Regulatory assets under management
- $156.0 millionForm ADV Item 5.F
- Gross assets of private funds
- $11.0 millionAll private fund types, Form ADV
- Hedge funds managed
- 11 private funds in total
- Employees
- 5Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 307564
- Latest Form ADV
- 06/15/2026Disciplinary disclosures: none reported
Estimated 13F portfolio performance
| Quarter | Est. 13F return | S&P 500 |
|---|---|---|
| Q1 2026 | -1.9% | -4.6% |
Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures
Largest disclosed holdings
- Vanguard Ftse Developed Markets ETF$29.0 million
- SPDR S&P 500 ETF TR$19.4 million
- Vanguard S&P 500 ETF$17.9 million
- Vanguard Russell 2000$15.0 million
- Ishares Core U.S. Aggregate Bond ETF$13.4 million
- Vanguard Russell 1000 Growth$11.3 million
- Vanguard Russell 1000 Value Et$9.2 million
- Vanguard Scottsdale FDS$4.3 million
- Vanguard Russ2000 Val Idx$3.9 million
- Vanguard Total Intl Bond ETF$1.4 million
As of 2026-03-31, from 13F filing by Brandywine Asset Management, Inc..
Private funds reported on Form ADV (1)
As reported in the adviser's Form ADV filed Oct 10, 2024. Funds also listed from Form D are shown above.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures