Clients
Cooke & Bieler serves 209 clients, 86 of them high-net-worth individuals. The average client has about $51 million with the firm, and high-net-worth clients hold 4% of its $10.6 billion in assets.
- High-net-worth individuals86 clients4%
- Investment companies3 clients28%
- Pooled investment vehicles4 clients2%
- Pension and profit-sharing plans20 clients10%
- Charitable organizations37 clients5%
- OtherState or municipal government entities, Corporations and other businesses, Individuals51%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 24 | $11,732,125 | 0.1% | $489K |
| High-net-worth individuals | 86 | $412,958,517 | 3.9% | $4.80M |
| Investment companies | 3 | $2,970,111,312 | 28.1% | $990.0M |
| Pooled investment vehicles | 4 | $263,753,167 | 2.5% | $65.9M |
| Pension and profit-sharing plans | 20 | $1,063,819,850 | 10.1% | $53.2M |
| Charitable organizations | 37 | $507,614,497 | 4.8% | $13.7M |
| State or municipal government entities | 25 | $5,113,940,816 | 48.4% | $204.6M |
| Corporations and other businesses | 10 | $215,222,225 | 2.0% | $21.5M |
| Total | 209 | $10,559,152,509 | 100% | $50.5M |
- Clients
- 24
- Regulatory AUM
- $11,732,125
- Share
- 0.1%
- Avg. per client
- $489K
- Clients
- 86
- Regulatory AUM
- $412,958,517
- Share
- 3.9%
- Avg. per client
- $4.80M
- Clients
- 3
- Regulatory AUM
- $2,970,111,312
- Share
- 28.1%
- Avg. per client
- $990.0M
- Clients
- 4
- Regulatory AUM
- $263,753,167
- Share
- 2.5%
- Avg. per client
- $65.9M
- Clients
- 20
- Regulatory AUM
- $1,063,819,850
- Share
- 10.1%
- Avg. per client
- $53.2M
- Clients
- 37
- Regulatory AUM
- $507,614,497
- Share
- 4.8%
- Avg. per client
- $13.7M
- Clients
- 25
- Regulatory AUM
- $5,113,940,816
- Share
- 48.4%
- Avg. per client
- $204.6M
- Clients
- 10
- Regulatory AUM
- $215,222,225
- Share
- 2.0%
- Avg. per client
- $21.5M
Total
- Clients
- 209
- Regulatory AUM
- $10,559,152,509
- Share
- 100%
- Avg. per client
- $50.5M
What it does
Cooke & Bieler provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
Cooke & Bieler advises no private funds.
83.4% of assets ($8.81B across 206 accounts) are managed with discretion; $1.75B across 3 accounts are not. 4% of clients are outside the U.S., and 1 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks96%
- Cash4%
Custodians
Cooke & Bieler’s client accounts are held mainly at State Street Bank & Trust, with 14% of managed assets, and The Northern Trust, with 11%. Cooke & Bieler does not have custody of client assets.
- State Street Bank & TrustState Street Bank & Trust Company · North Quincy, MA · $1.48B14%
- The Northern TrustThe Northern Trust Company · Chicago, IL · $1.15B11%
- HSBC Trinkaus & Burkhardt GMBHHSBC Trinkaus & Burkhardt GMBH · New York, NY · $810.5M8%
- All other custodians$7.12B67%
Ownership and leadership
- Owns 10% to 25% of Cooke & Bieler, L.P.
Richard O'Neil
since June 2001
- Owns 10% to 25% of Cooke & Bieler, L.P.
Michael Meyer
since June 2001
- Owns 10% to 25% of Cooke & Bieler, L.P.
Mehul Trivedi
Control person · since June 2001
- Owns 10% to 25% of Cooke & Bieler, L.P.
C&B Partner, LP
since June 2001
John McNiff
General partner · Control person · since June 2001
- Owns 10% to 25% of Cooke & Bieler, L.P.
Edward O'Connor
Control person · since May 2006
- Owns 10% to 25% of Cooke & Bieler, L.P.
Steve Lyons
since October 2012
- Owns 5% to 10% of Cooke & Bieler, L.P.
William Weber
since October 2016
- Owns 5% to 10% of Cooke & Bieler, L.P.
Andrew Armstrong
since October 2020
Linda Perna
Manager of CBGP, LLC · Control person · since October 2013
Leadership
- Linda PernaChief Compliance Officer
- Andrew ArmstrongPartner
- Steve LyonsPartner
- Michael MeyerPartner
- Edward O'ConnorPartner
- Richard O'NeilPartner
- Mehul TrivediPartner
- William WeberPartner
Staff
- 32 employees
- 14 in advisory functions
- 14 state-registered reps
Reported holdings
Cooke & Bieler’s reported 13F holdings total $8.65B across 100 positions, and the ten largest make up 26.3% of it.
- $8.65B
- Reported 13F value
- 100
- Positions
- 26.3%
- In the 10 largest
- −2.2%
- Value vs. prior quarter
- Gildan Activewear3.9%
- RB Global Inc.3.3%
- Renaissancere2.8%
- Fidelity National Financial In2.6%
- Arch Capital Group2.5%
- Crown Castle Inc.2.4%
- Sunbelt Rentals Holdings Inc.2.3%
- PPG Industries2.2%
- Labcorp Holdings2.2%
- Arthur J. Gallagher & Co.2.0%
Together, the ten largest are 26.3% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $8.65B is not its $10.56B in regulatory assets and does not represent any individual client's portfolio.
Fees
Cooke & Bieler is paid through a percentage of assets under management and performance-based fees.
Cooke & Bieler’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Cooke & Bieler has 1 office, with 2 listed addresses across 2 states.
North Carolina · 1 listed address
- 6100 Fairview Road, Charlotte
Pennsylvania · 1 listed address
- Two Commerce Square, 2001 Market Street, Suite 4000, PhiladelphiaHQ
Registration details
- Legal name
- Cooke & Bieler, L.P.
- Headquarters
- Two Commerce Square, 2001 Market Street, Suite 4000, Philadelphia, PA 19103
- Phone
- 215-246-2030
- Website
- www.cooke-bieler.com
- SEC file
- 801-60411
- Structure
- Pennsylvania limited partnership
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Cooke & Bieler have?
Cooke & Bieler has 209 clients and manages $10.6 billion for them, as of March 2026. They include 86 high-net-worth individuals, 37 charitable organizations and 25 state or municipal government entities.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Cooke & Bieler offer?
Cooke & Bieler provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Cooke & Bieler use?
Cooke & Bieler’s separately managed account assets are held at State Street Bank & Trust Company (North Quincy, MA), with $1,478,468,709, The Northern Trust Company (Chicago, IL), with $1,149,933,966 and HSBC Trinkaus & Burkhardt GMBH (New York, NY), with $810,527,154. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Cooke & Bieler have?
Cooke & Bieler has 14 investment adviser representatives registered with state securities authorities, out of 32 employees, and 14 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Cooke & Bieler invest in?
At the end of its last fiscal year, Cooke & Bieler’s separately managed accounts held 96% exchange-traded equities and 4% cash and equivalents. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Cooke & Bieler?
Cooke & Bieler’s direct owners are Richard O'Neil, Michael Meyer, Mehul Trivedi, C&B Partner, LP, Edward O'Connor, Steve Lyons, William Weber and Andrew Armstrong, each holding 25% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Cooke & Bieler get paid?
Cooke & Bieler is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file