Best Performing Hedge Funds

The best hedge funds aren't always the biggest. We rank tracked funds by their 3-year replication return — how a portfolio mirroring each fund's disclosed 13F holdings would have performed — to surface managers who consistently beat the market. The ranking refreshes every quarter as new SEC 13F filings post. Click any fund to see its full portfolio, top holdings and trade history.

#	Fund & manager	3-Year return	AUM (13F)	Holdings
1	GENDELL JEFFREY L GENDELL JEFFREY L	+419%	$7.3B	100
2	Slate Path Capital LP David Greenspan	+250%	$6.7B	44
3	Polar Capital Holdings Plc Polar Capital Holdings Plc	+235%	$27.9B	225
4	Value Aligned Research Advisors, LLC Value Aligned Research Advisors, LLC	+232%	$20.7B	61
5	Duquesne Family Office Stanley Druckenmiller	+231%	$3.4B	68
6	Atreides Management, LP Atreides Management, LP	+213%	$5.0B	52
7	Jericho Capital Asset Management L.P. Jericho Capital Asset Management L.P.	+203%	$6.8B	23
8	Light Street Capital Glen Kacher	+203%	$534M	23
9	Situational Awareness LP Situational Awareness LP	+196%	$13.7B	29
10	Whale Rock Capital Management LLC Alex Sacerdote	+196%	$7.7B	35
11	Kohlberg Kravis Roberts & Co. L.P. Kohlberg Kravis Roberts & Co. L.P.	+192%	$5.2B	42
12	Lingotto Investment Management LLP Lingotto Investment Management LLP	+179%	$5.1B	34
13	PECONIC PARTNERS LLC PECONIC PARTNERS LLC	+174%	$5.8B	8
14	Alphabet Inc Alphabet Inc	+155%	$4.0B	26
15	Amova Asset Management Americas, Inc. Amova Asset Management Americas, Inc.	+149%	$7.1B	186
16	D. E. Shaw & Co., Inc. David Shaw	+147%	$161.6B	2835
17	CastleKnight Management LP CastleKnight Management LP	+143%	$6.0B	379
18	Ratan Capital Management Nehal Chopra	+141%	$256M	33
19	Deep Track Capital, LP Deep Track Capital, LP	+139%	$6.1B	61
20	PointState Capital LP PointState Capital LP	+130%	$7.9B	44
21	COATUE MANAGEMENT LLC Philippe Laffont	+128%	$29.1B	62
22	ARK Investment Management LLC ARK Investment Management LLC	+121%	$12.9B	180
23	Hood River Capital Management LLC Hood River Capital Management LLC	+120%	$9.9B	163
24	Point72 Asset Management, L.P. Steven Cohen	+116%	$76.3B	2204
25	Two Seas Capital LP Two Seas Capital LP	+115%	$7.2B	40
26	Altimeter Capital Management, LP Brad Gerstner	+114%	$5.7B	12
27	Newlands Management Operations LLC Newlands Management Operations LLC	+114%	$15.5B	16
28	DONALD SMITH & CO., INC. DONALD SMITH & CO., INC.	+114%	$5.6B	58
29	Sanders Capital, LLC Sanders Capital, LLC	+114%	$83.9B	44
30	WINDACRE PARTNERSHIP LLC WINDACRE PARTNERSHIP LLC	+113%	$9.3B	11

3-year return = cumulative return of a portfolio replicating the fund's reported 13F holdings over the trailing 3 years (shown when ≥3 years of filings exist). Not the fund's actual reported return. AUM = 13F reported assets. See the full list at all hedge funds →.