Sanders Capital, LLC (New York)


Sanders Capital, LLC is a large advisory firm based in New York. It manages $27.76 billion of regulatory assets for 87 client accounts. It has been registered with the SEC as an adviser since 2009.

Sanders Capital provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as sanders capital all asset value fund, l.p..

Sanders Capital: assets under management

The assets under management (AUM) of Sanders Capital, LLC is $27.76 billion. The firm's AUM has grown by 773% since the beginning of its operation, and $13.16 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $26.13 billion in discretionary accounts and $1.63 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $339.35 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $163.06 million.
Sanders Capital has custody of $1.1 billion in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in investment and business development companies form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sanders Capital, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Sanders Capital serves?

The firm provides services to investment companies, charitable organizations, pooled investment vehicles, pension and profit sharing plans, and sovereign wealth funds and foreign official institutions. The largest group of clients of Sanders Capital is pension and profit sharing plans with 33 clients and $8.5 billion of assets under management. Among the 6 most similar advisory firms, Sanders Capital has the 3rd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $25.04 billion for 78 clients. 54% of the firm’s clients are foreign persons or businesses.

Sanders Capital also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons is $10,000,000 for each fund.

Careers at Sanders Capital, LLC

The company employs 19 people that are either part- or full-time employees. 68 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Lewis Alan Sanders Ceo, manager, member 1 Aug 2009 50% - 75% 410202
Michael Thomas Borgia Chief financial officer, manager, member 1 Aug 2009 Other 1054864
Jean Margo Reid General counsel, chief compliance officer, manager, member 1 Aug 2009 Other 2121726
John Patrick Mahedy Co-chief investment officer, member, manager 1 Oct 2009 Other 1950966
Alex Shabshis Director of quantitative research, member, manager 1 Nov 2009 Other 5732393
Frank David Speno Director of marketing and client service, member, manager 1 Jan 2010 Other 1715714

Based in New York

The principal office where Sanders Capital, LLC performs its advisory services is located at 390 Park Avenue, New York, NY 10022 4608, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-291-7900 or by fax 212-291-7967. The normal business hours are 9:00 a.m. -5:00 p.m. on Monday - Friday. You can find more information about the New York firm at sanderscapital.com.