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Wasatch Advisors

SEC-registered adviser since 1975Salt Lake City, UTCRD 106081

$23.3B
AUM
239
Clients
See fees
Fee
41
Advisory staff

From Form ADV filed 16 March 2026 · data retrieved 15 October 2026SEC record

Wasatch Advisors is an investment adviser headquartered in Salt Lake City, Utah, and registered with the SEC since 1975. Its clients include investment companies, pooled investment vehicles and state or municipal government entities. High-net-worth individuals account for 1% of its regulatory assets under management.

Its services include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, and portfolio management for institutions. Fee arrangements include a percentage of assets under management and performance-based fees. Wasatch Advisor Holdings, LP owns 75% or more of Wasatch Advisors, and Michael Yeates is its CEO.

Clients

Wasatch Advisors serves 239 clients, 51 of them high-net-worth individuals. The average client has about $98 million with the firm, and high-net-worth clients hold 1% of its $23.3 billion in assets.

Regulatory assets by client type
  • Investment companies23 clients39%
  • Pooled investment vehicles15 clients24%
  • Pension and profit-sharing plans22 clients4%
  • Charitable organizations50 clients3%
  • State or municipal government entities27 clients24%
  • OtherSovereign wealth funds and foreign official institutions, Individuals, High-net-worth individuals, Other investment advisers, Corporations and other businesses6%
Show client breakdown
Individuals (other than HNW)
Clients
9
Regulatory AUM
$6,539,222
Share
0.0%
Avg. per client
$727K
High-net-worth individuals
Clients
51
Regulatory AUM
$196,438,639
Share
0.8%
Avg. per client
$3.85M
Investment companies
Clients
23
Regulatory AUM
$9,215,974,010
Share
39.5%
Avg. per client
$400.7M
Pooled investment vehicles
Clients
15
Regulatory AUM
$5,598,638,572
Share
24.0%
Avg. per client
$373.2M
Pension and profit-sharing plans
Clients
22
Regulatory AUM
$1,041,793,003
Share
4.5%
Avg. per client
$47.4M
Charitable organizations
Clients
50
Regulatory AUM
$644,531,960
Share
2.8%
Avg. per client
$12.9M
State or municipal government entities
Clients
27
Regulatory AUM
$5,543,911,794
Share
23.7%
Avg. per client
$205.3M
Other investment advisers
Clients
1
Regulatory AUM
$7,167,371
Share
0.0%
Avg. per client
$7.17M
Sovereign wealth funds and foreign official institutions
Clients
2
Regulatory AUM
$870,902,536
Share
3.7%
Avg. per client
$435.5M
Corporations and other businesses
Clients
39
Regulatory AUM
$220,463,600
Share
0.9%
Avg. per client
$5.65M

Total

Clients
239
Regulatory AUM
$23,346,360,707
Share
100%
Avg. per client
$97.7M

What it does

Wasatch Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and other activities. It is paid through a percentage of assets and performance-based fees.

Wasatch Advisors provided financial planning to 0 clients last fiscal year and advises 1 private funds.

100.0% of assets ($23.35B across 239 accounts) are managed with discretion. 12% of clients are outside the U.S., and 4 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks98%
  • Cash2%

Custodians

Wasatch Advisors’ client accounts are held mainly at Northern Trust Securities, with 13% of managed assets, and BNY Mellon Capital Markets, with 11%. Wasatch Advisors has custody of $188.0M for 4 clients.

Managed account assets by custodian
  • BNY Mellon Capital MarketsBNY Mellon Capital Markets, LLC · New York, NY · $2.46B11%
  • Northern Trust SecuritiesNorthern Trust Securities, Inc. · Chicago, IL · $3.09B13%
  • State Street Global MarketsState Street Global Markets, LLC · Boston, MA · $1.91B8%
  • All other custodians$15.88B68%

Ownership and leadership

Wasatch Advisor Holdings, LP owns 75% or more of Wasatch Advisors, and Michael Yeates is its CEO.

Who owns the firm
Wasatch Advisors LP· the adviser

  • Wasatch Advisor Holdings, LP

    Control person · since January 2023

    Owns 75% or more of Wasatch Advisors LP

Leadership

  • Michael Yeates
    Director, Chief Executive Officer
  • Hollie Strasburg
    Director, Chief Operating Officer
  • Daniel Thurber
    Director, Secretary, Chief Compliance Officer, General Counsel
  • Eric Bergeson
    Director
  • Jeffrey Cardon
    Director
  • Ajay Krishnan
    Director, Portfolio Manager
  • Dustin McCarty
    Director, Head of Distribution
  • Ryan Snow
    Director, Portfolio Manager
  • Catherine Swenson
    Director, Director of Client Relations
  • James Taylor
    Director
  • Michael Valentine
    Director, Portfolio Manager

Staff

  • 96 employees
  • 41 in advisory functions
  • 42 state-registered reps
  • 17 broker-dealer reps

Reported holdings

Wasatch Advisors’ reported 13F holdings total $15.28B across 219 positions, and the ten largest make up 23.6% of it.

$15.28B
Reported 13F value
219
Positions
23.6%
In the 10 largest
+1.5%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Healthequity Inc.4.7%
  2. Ensign Group Inc.2.4%
  3. Camtek Ltd2.3%
  4. Casella Waste Sys Inc. · CL A2.2%
  5. Medpace Hldgs Inc.2.2%
  6. Ollies Bargain Outlet Hldgs2.2%
  7. Standex Intl Corp.2.0%
  8. Aaon Inc. · Com Par $0.0041.9%
  9. Global E Online Ltd1.9%
  10. Nova Ltd1.8%

Together, the ten largest are 23.6% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 10 July 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $15.28B is not its $23.35B in regulatory assets and does not represent any individual client's portfolio.

Fees

Wasatch Advisors is paid through a percentage of assets under management and performance-based fees.

Wasatch Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Wasatch Advisors has 0 offices, with 1 listed address in 1 state.

Listed office addresses by state

Utah · 1 listed address

  • 505 Wakara Way, 3rd Floor, Salt Lake CityHQ

Other business names

Wasatch Advisors has reported 1 other business name to the SEC.

  • Wasatch Global Investors

Registration details

Legal name
Wasatch Advisors LP
Headquarters
505 Wakara Way, 3rd Floor, Salt Lake City, UT 84108
Phone
801-533-0777
Website
Not reported
SEC file
801-11095
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 Wasatch Advisors have?

Wasatch Advisors has 239 clients and manages $23.3 billion for them, as of March 2026. They include 51 high-net-worth individuals, 50 charitable organizations and 39 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 March 2026

What services does Wasatch Advisors offer?

Wasatch Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and other activities.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Wasatch Advisors use?

Wasatch Advisors’ separately managed account assets are held at Northern Trust Securities, Inc. (Chicago, IL), with $3,089,953,250, BNY Mellon Capital Markets, LLC (New York, NY), with $2,459,532,512 and State Street Global Markets, LLC (Boston, MA), with $1,912,466,511. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 March 2026

How many financial advisors does Wasatch Advisors have?

Wasatch Advisors has 42 investment adviser representatives registered with state securities authorities, out of 96 employees, and 41 perform investment advisory functions. 17 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 Wasatch Advisors invest in?

At the end of its last fiscal year, Wasatch Advisors’ separately managed accounts held 98% exchange-traded equities and 2% cash and equivalents. It advises 1 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 Wasatch Advisors?

Wasatch Advisors is owned through a chain of holding companies by Wa Holdings, Inc. and Wasatch Employee Partners, LP. Its direct owner is Wasatch Advisor Holdings, LP (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 16 March 2026

How does Wasatch Advisors get paid?

Wasatch Advisors 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

Sources

  1. Form ADV Part 1A, amendment filed 16 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 106081.
  3. Form 13F-HR, filed 10 July 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Wasatch Advisors LP and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.