Select Equity Group, L.P. is an SEC-registered investment adviser based in New York, NY that reports managing 26 hedge funds on Form ADV. It reports $36.4 billion in regulatory assets under management. Its private funds, of all types, hold $18.7 billion in gross assets. Its disclosed U.S. stock holdings returned an estimated +1.6% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated +21.0% from Q3 2024 to Q2 2026, compared with +37.2% for the S&P 500, based on 13F filings.
- Regulatory assets under management
- $36.4 billionForm ADV Item 5.F
- Gross assets of private funds
- $18.7 billionAll private fund types, Form ADV
- Hedge funds managed
- 2635 private funds in total
- Employees
- 171Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 168496
- Latest Form ADV
- 03/31/2026Disciplinary disclosures: yes, see SEC record
Estimated 13F portfolio performance
Est. 2026 YTD+1.6%Through Q2 2026 · S&P 500 +9.5%
Est. 2-year return+21.0%Q3 2024 – Q2 2026
S&P 500+37.2%Same quarters, price only
13F holdings$18.9 billion143 positions, 2026-06-30
| Quarter | Est. 13F return | S&P 500 |
|---|---|---|
| Q2 2026 | +7.1% | +14.8% |
| Q1 2026 | -5.1% | -4.6% |
| Q4 2025 | -0.3% | +2.4% |
| Q3 2025 | +4.8% | +7.8% |
| Q2 2025 | +8.4% | +10.4% |
| Q1 2025 | -4.7% | -4.5% |
| Q4 2024 | -0.1% | +2.1% |
| Q3 2024 | +10.4% | +5.4% |
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
- Viking Holdings LTD$900.3 million
- Live Nation Entertainment Inc Com$828.4 million
- Somnigroup International Inc$697.2 million
- Itt Inc$685.5 million
- Wabtec$652.9 million
- Markel Group Inc Com$647.8 million
- Martin Marietta Matls Inc$583.2 million
- Labcorp Holdings Inc$554.9 million
- CRH PLC$489.8 million
- Taiwan Semiconductor MFG LTD Sponsored ADS$489.1 million
As of 2026-06-30, from 13F filing by Select Equity Group, L.P..
Hedge funds filing Form D (2)
Fund
First sale
Raised
Investors
Minimum
YTD performance
Select Equity Fund L P
New York, NY
First saleNov 2001
Raised$1.1B
Investors340
MinimumNone set
YTD performance+1.6%13F est. YTD · thru Q2 2026
Select Equity Offshore, Ltd.
Grand Cayman, Cayman IslandsOffshore
First saleJul 2003
Raised$575M
Investors96
Minimum$50K
YTD performance+1.6%13F est. YTD · thru Q2 2026
Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.
Private funds reported on Form ADV (35)
Fund
Gross assets
Minimum
Owners
Adviser
SEG Partners II, L.P.
Delaware, United StatesHedge fund
Gross assets$9.6B
Minimum$5.0M
Owners1,672
AdviserSelect Equity Group, L.P.
SEG Partners Offshore Master Fund, LTD.
Cayman IslandsHedge fund
Gross assets$5.8B
Minimum$5.0M
Owners909
AdviserSelect Equity Group, L.P.
BBH Select Equity Master Fund, L.P.
Cayman IslandsPrivate fund
Gross assets$2.1B
Minimum$250K
Owners1
AdviserSelect Equity Group, L.P.
Baxter Street Offshore Master Fund, LTD.
Cayman IslandsHedge fund
Gross assets$1.5B
Minimum$1.0M
Owners83
AdviserSelect Equity Group, L.P.
Baxter Street Fund II, L.P.
Delaware, United StatesHedge fund
Gross assets$1.3B
Minimum$1.0M
Owners214
AdviserSelect Equity Group, L.P.
Select Equity Fund, L.P.
Delaware, United StatesHedge fund
Gross assets$1.1B
Minimum$500K
Owners173
AdviserSelect Equity Group, L.P.
Baxter Street Fund, L.P.
Delaware, United StatesHedge fund
Gross assets$1.0B
Minimum$1.0M
Owners55
AdviserSelect Equity Group, L.P.
Cooper Square Fund, L.P.
Delaware, United StatesHedge fund
Gross assets$959M
Minimum$1.0M
Owners57
AdviserSelect Equity Group, L.P.
Select Equity Offshore Master Fund, LTD.
Cayman IslandsHedge fund
Gross assets$784M
Minimum$500K
Owners82
AdviserSelect Equity Group, L.P.
SEG Partners L.P.
Delaware, United StatesHedge fund
Gross assets$752M
Minimum$1.0M
Owners74
AdviserSelect Equity Group, L.P.
Cooper Square Fund II, L.P.
Delaware, United StatesHedge fund
Gross assets$425M
Minimum$1.0M
Owners281
AdviserSelect Equity Group, L.P.
Great Jones Fund, L.P.
Delaware, United StatesHedge fund
Gross assets$423M
Minimum$1.0M
Owners80
AdviserSelect Equity Group, L.P.
Sheridan Square Offshore Master Fund, LTD.
Cayman IslandsHedge fund
Gross assets$396M
Minimum$1.0M
Owners43
AdviserSelect Equity Group, L.P.
Great Jones Offshore Master Fund, LTD.
Cayman IslandsHedge fund
Gross assets$391M
Minimum$500K
Owners28
AdviserSelect Equity Group, L.P.
Select Partners Els Master Fund, LTD.
Cayman IslandsHedge fund
Gross assets$331M
Minimum$100K
Owners6
AdviserSelect Equity Group, L.P.
Sheridan Square Fund, L.P.
Delaware, United StatesHedge fund
Gross assets$326M
Minimum$1.0M
Owners53
AdviserSelect Equity Group, L.P.
Crosby Street Offshore Master Fund, LTD.
Cayman IslandsHedge fund
Gross assets$311M
Minimum$1.0M
Owners18
AdviserSelect Equity Group, L.P.
Shinbone Alley, L.P.
Delaware, United StatesHedge fund
Gross assets$303M
Minimum$1.0M
Owners64
AdviserSelect Equity Group, L.P.
Sheridan Square Fund II, L.P.
Delaware, United StatesHedge fund
Gross assets$250M
Minimum$1.0M
Owners77
AdviserSelect Equity Group, L.P.
Crosby Street Fund, L.P.
Delaware, United StatesHedge fund
Gross assets$209M
Minimum$1.0M
Owners38
AdviserSelect Equity Group, L.P.
Astor Place Fund I, L.P.
Cayman IslandsPrivate equity fund
Gross assets$158M
Minimum$50K
Owners16
AdviserSelect Equity Group, L.P.
Cooper Square Offshore Master Fund, LTD.
Cayman IslandsHedge fund
Gross assets$147M
Minimum$1.0M
Owners67
AdviserSelect Equity Group, L.P.
Astor Place Special Investors, L.P.
Cayman IslandsPrivate equity fund
Gross assets$142M
Minimum$50K
Owners25
AdviserSelect Equity Group, L.P.
Hudson Street Fund, L.P.
Delaware, United StatesHedge fund
Gross assets$93.3M
Minimum$1.0M
Owners22
AdviserSelect Equity Group, L.P.
SEG Blackwall Fund, L.P.
Delaware, United StatesHedge fund
Gross assets$88.2M
Minimum$1.0M
Owners15
AdviserSelect Equity Group, L.P.
Hellcat Acquisitions, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$68.3M
MinimumNone set
Owners8
AdviserSelect Equity Group, L.P.
SEG Partners III, L.P.
Delaware, United StatesHedge fund
Gross assets$40.1M
Minimum$250K
Owners56
AdviserSelect Equity Group, L.P.
SEG Venrex X-Us, L.P.
Delaware, United StatesVenture capital fund
Gross assets$37.8M
Minimum$250K
Owners17
AdviserSelect Equity Group, L.P.
Shinbone Alley II, L.P.
Delaware, United StatesHedge fund
Gross assets$20.7M
Minimum$1.0M
Owners7
AdviserSelect Equity Group, L.P.
Astor Place Direct Investors II, L.P.
Cayman IslandsPrivate equity fund
Gross assets$19.0M
Minimum$50K
Owners4
AdviserSelect Equity Group, L.P.
Astor Place Direct Investors III, L.P.
Cayman IslandsPrivate equity fund
Gross assets$17.0M
Minimum$50K
Owners7
AdviserSelect Equity Group, L.P.
Shinbone Alley Offshore Master Fund, LTD.
Cayman IslandsHedge fund
Gross assets$16.3M
Minimum$100K
Owners4
AdviserSelect Equity Group, L.P.
Astor Place Direct Investors I, L.P.
Cayman IslandsPrivate equity fund
Gross assets$14.7M
Minimum$50K
Owners8
AdviserSelect Equity Group, L.P.
Five Points Focus Fund, L.P.
Delaware, United StatesHedge fund
Gross assets$6.1M
Minimum$1.0M
Owners21
AdviserSelect Equity Group, L.P.
Washington Square Fund, L.P.
Delaware, United StatesHedge fund
Gross assets$5.9M
Minimum$1.0M
Owners6
AdviserSelect Equity Group, L.P.
As reported in the adviser's Form ADV filed Aug 29, 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