Largest Fund Companies
According to Lipper, the 25 largest mutual fund families manage more than 75% of the industry’s assets; the top 10 companies control 53%, and the biggest 60 oversee nearly 92% of all mutual fund assets. The table below shows the top eight fund companies, as of early 2016 (note: “t” = trillion). BlackRock clearly dominates the field (source: mutualfunddirectory.org).
Largest Mutual Fund Companies [2016]
Company | Assets | Company | Assets |
BlackRock | $4.7 t | Fidelity | $2.1 t |
Vanguard | $3.0 t | J. P. Morgan | $1.7 t |
BNY Mellon (Dreyfus) | $2.7 t | American Funds | $1.3 t |
State St. Global Advisors | $2.4 t | Prudential | $1.0 t |
Share of Fund Assets Held by Largest Mutual Fund Companies
1990 | 2000 | 2005 | 2016 | |
5 Largest Fund Families | 34% | 32% | 37% | 45% |
10 Largest Fund Families | 53% | 44% | 48% | 55% |
25 Largest Fund Families | 75% | 68% | 70% | 75% |