Clients
Select Equity Group serves 766 clients, 249 of them high-net-worth individuals. The average client has about $47 million with the firm, and high-net-worth clients hold 3% of its $36.4 billion in assets.
- High-net-worth individuals249 clients3%
- Investment companies2 clients4%
- Pooled investment vehicles50 clients79%
- Pension and profit-sharing plans10 clients3%
- Other investment advisers5 clients5%
- OtherIndividuals, Banking or thrift institutions, Charitable organizations, State or municipal government entities, Sovereign wealth funds and foreign official institutions, Corporations and other businesses, Other6%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 387 | $536,799,728 | 1.5% | $1.39M |
| High-net-worth individuals | 249 | $959,268,056 | 2.6% | $3.85M |
| Banking or thrift institutions | Not reported | $141,280,447 | 0.4% | — |
| Investment companies | 2 | $1,549,815,357 | 4.3% | $774.9M |
| Pooled investment vehicles | 50 | $28,737,486,356 | 79.0% | $574.7M |
| Pension and profit-sharing plans | 10 | $1,086,194,457 | 3.0% | $108.6M |
| Charitable organizations | 45 | $598,777,322 | 1.6% | $13.3M |
| State or municipal government entities | Not reported | $279,135,870 | 0.8% | — |
| Other investment advisers | 5 | $1,726,407,241 | 4.7% | $345.3M |
| Sovereign wealth funds and foreign official institutions | Not reported | $431,975,960 | 1.2% | — |
| Corporations and other businesses | 7 | $302,713,377 | 0.8% | $43.2M |
| Other | 11 | $33,937,513 | 0.1% | $3.09M |
| Total | 766 | $36,383,791,684 | 100% | $47.5M |
- Clients
- 387
- Regulatory AUM
- $536,799,728
- Share
- 1.5%
- Avg. per client
- $1.39M
- Clients
- 249
- Regulatory AUM
- $959,268,056
- Share
- 2.6%
- Avg. per client
- $3.85M
- Clients
- Not reported
- Regulatory AUM
- $141,280,447
- Share
- 0.4%
- Avg. per client
- —
- Clients
- 2
- Regulatory AUM
- $1,549,815,357
- Share
- 4.3%
- Avg. per client
- $774.9M
- Clients
- 50
- Regulatory AUM
- $28,737,486,356
- Share
- 79.0%
- Avg. per client
- $574.7M
- Clients
- 10
- Regulatory AUM
- $1,086,194,457
- Share
- 3.0%
- Avg. per client
- $108.6M
- Clients
- 45
- Regulatory AUM
- $598,777,322
- Share
- 1.6%
- Avg. per client
- $13.3M
- Clients
- Not reported
- Regulatory AUM
- $279,135,870
- Share
- 0.8%
- Avg. per client
- —
- Clients
- 5
- Regulatory AUM
- $1,726,407,241
- Share
- 4.7%
- Avg. per client
- $345.3M
- Clients
- Not reported
- Regulatory AUM
- $431,975,960
- Share
- 1.2%
- Avg. per client
- —
- Clients
- 7
- Regulatory AUM
- $302,713,377
- Share
- 0.8%
- Avg. per client
- $43.2M
- Clients
- 11
- Regulatory AUM
- $33,937,513
- Share
- 0.1%
- Avg. per client
- $3.09M
Total
- Clients
- 766
- Regulatory AUM
- $36,383,791,684
- Share
- 100%
- Avg. per client
- $47.5M
What it does
Select Equity Group 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.
Select Equity Group advises 35 private funds.
100.0% of assets ($36.38B across 770 accounts) are managed with discretion. 5% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks97%
- Cash3%
Custodians
Select Equity Group’s client accounts are held mainly at The Bank of New York Mellon, with 8% of managed assets, and Charles Schwab, with 3%. Select Equity Group has custody of $218.6M for 2 clients.
- The Bank of New York MellonThe Bank of New York Mellon · New York, NY · $2.84B8%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $1.13B3%
- State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $699.2M2%
- All other custodians$31.72B87%
Ownership and leadership
Select Equity Partners, L.P. owns 75% or more of Select Equity Group.
- Owns 75% or more of Select Equity Group, L.P.
Select Equity Partners, L.P.
Control person · since November 2013
- Owns 50% to 75% of Select Equity Partners, L.P.
George Loening
Control person · since November 2013
- Owns 5% to 10% of Select Equity Group, L.P.
Seg Legacy S Corp.
Control person · since November 2013
Leadership
- David ConoverChief Financial Officer
- Jennifer VinsonhalerChief Compliance Officer
- Edward LiangChief Legal Officer
- George LoeningChairman
Staff
- 171 employees
- 83 in advisory functions
- 3 broker-dealer reps
Reported holdings
Select Equity Group’s reported 13F holdings total $20.22B across 157 positions, and the ten largest make up 32.5% of it.
- $20.22B
- Reported 13F value
- 157
- Positions
- 32.5%
- In the 10 largest
- +3.5%
- Value vs. prior quarter
- Viking Holdings Ltd4.5%
- Live Nation Entertainment IN4.1%
- Somnigroup International Inc.3.4%
- Itt Inc.3.4%
- Wabtec3.2%
- Markel Group Inc.3.2%
- Martin Marietta Matls Inc.2.9%
- Labcorp Holdings Inc. · Com Shs2.7%
- iShares TR · Russell 2000 ETFPut2.7%
- Crh PLC2.4%
Together, the ten largest are 32.5% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $20.22B is not its $36.38B in regulatory assets and does not represent any individual client's portfolio.
Fees
Select Equity Group is paid through a percentage of assets under management and performance-based fees.
Select Equity Group’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Select Equity Group has 1 office, with 2 listed addresses across 2 states.
Illinois · 1 listed address
- 150 North Riverside Plaza, Chicago
New York · 1 listed address
- 380 Lafayette Street, New YorkHQ
Registration details
- Legal name
- Select Equity Group, L.P.
- Headquarters
- 380 Lafayette Street, New York, NY 10003
- Phone
- 212-475-8335
- Website
- www.selectequity.com
- SEC file
- 801-78977
- Structure
- Delaware 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 Select Equity Group have?
Select Equity Group has 766 clients and manages $36.4 billion for them, as of March 2026. They include 387 other individuals, 249 high-net-worth individuals and 50 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Select Equity Group offer?
Select Equity Group 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 Select Equity Group use?
Select Equity Group’s separately managed account assets are held at The Bank of New York Mellon (New York, NY), with $2,839,358,372, Charles Schwab & Co., Inc. (Westlake, TX), with $1,128,248,082 and State Street Bank and Trust Company (Boston, MA), with $699,166,753. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Select Equity Group have?
Select Equity Group has 0 investment adviser representatives registered with state securities authorities, out of 171 employees, and 83 perform investment advisory functions. 3 are registered representatives of a broker-dealer and 0 are 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 Select Equity Group invest in?
At the end of its last fiscal year, Select Equity Group’s separately managed accounts held 97% exchange-traded equities and 3% cash and equivalents. It advises 35 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Select Equity Group?
Select Equity Group is owned through a holding company by George Loening. Its direct owners are Seg Legacy S Corp. (5% to 10%) and Select Equity Partners, L.P. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Select Equity Group get paid?
Select Equity Group 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