Latest data: SEC Form PF · Q4 2025 · Released Mar 15, 2026

Hedge Fund Monitor Quarterly Reports

Plain English analysis of the latest OFR Hedge Fund Monitor data, published each quarter when the U.S. Office of Financial Research releases new data.

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Q4 2025February 15, 2026

Q4 2025 Hedge Fund Industry Data

Qualifying Hedge Fund NAV stabilized with a 1.5% bounce to close 2025 at $5.580 trillion.

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Q3 2025November 15, 2025

Q3 2025 Hedge Fund Industry Data

Qualifying Hedge Fund NAV suffered a severe 3.8% contraction, falling to $5.500 trillion.

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Q2 2025August 15, 2025

Q2 2025 Hedge Fund Industry Data

Qualifying Hedge Fund NAV grew 2.4% breaking the $5.700 trillion plane at $5.720 trillion.

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Q1 2025May 15, 2025

Q1 2025 Hedge Fund Industry Data

Qualifying Hedge Fund NAV pushed higher by 3.9% to reach a record $5.590 trillion.

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Q4 2024February 15, 2025

Q4 2024 Hedge Fund Industry Data

Qualifying Hedge Fund NAV soared 5.5% to close out 2024 at a massive $5.380 trillion.

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Q3 2024November 15, 2024

Q3 2024 Hedge Fund Industry Data

Qualifying Hedge Fund NAV grew 1.6% hitting $5.100 trillion despite severe August volatility.

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Q2 2024August 15, 2024

Q2 2024 Hedge Fund Industry Data

Qualifying Hedge Fund NAV crossed the historic $5 trillion mark, up 3.1%.

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Q1 2024May 15, 2024

Q1 2024 Hedge Fund Industry Data

Qualifying Hedge Fund NAV surged 4.2% arriving at a historic $4.870 trillion mark.

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Q4 2023February 15, 2024

Q4 2023 Hedge Fund Industry Data

Qualifying Hedge Fund NAV surged 5.6% closing 2023 at a record $4.680 trillion.

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Q3 2023November 15, 2023

Q3 2023 Hedge Fund Industry Data

Qualifying Hedge Fund NAV experienced a mild 1.7% contraction, falling to $4.430 trillion.

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Q2 2023August 15, 2023

Q2 2023 Hedge Fund Industry Data

Qualifying Hedge Fund NAV surged 4.8% dropping just shy of prior record highs at $4.510 trillion.

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Q1 2023May 15, 2023

Q1 2023 Hedge Fund Industry Data

Qualifying Hedge Fund NAV grew 3.6% to $4.300 trillion despite the severe March banking panic.

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Q4 2022February 15, 2023

Q4 2022 Hedge Fund Industry Data

Qualifying Hedge Fund NAV stabilized with a 1.7% bounce to close 2022 at $4.150 trillion.

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Q3 2022November 15, 2022

Q3 2022 Hedge Fund Industry Data

Qualifying Hedge Fund NAV dropped 2.1% landing at $4.080 trillion.

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Q2 2022August 15, 2022

Q2 2022 Hedge Fund Industry Data

Qualifying Hedge Fund NAV plummeted 6.7% down to $4.170 trillion.

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Q1 2022May 15, 2022

Q1 2022 Hedge Fund Industry Data

Qualifying Hedge Fund NAV dropped 4.5% to $4.470 trillion as markets violently priced in a new rate regime.

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Q4 2021February 15, 2022

Q4 2021 Hedge Fund Industry Data

Qualifying Hedge Fund NAV surged 4.7% to cap the year at an all-time high of $4.680 trillion.

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Q3 2021November 15, 2021

Q3 2021 Hedge Fund Industry Data

Qualifying Hedge Fund NAV growth stalled significantly, inching up just 0.6% to $4.470 trillion.

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Q2 2021August 15, 2021

Q2 2021 Hedge Fund Industry Data

Qualifying Hedge Fund NAV grew 3.4% establishing a new high of $4.440 trillion.

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Q1 2021May 15, 2021

Q1 2021 Hedge Fund Industry Data

Qualifying Hedge Fund NAV expanded 4.1% to a new record of $4.290 trillion.

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Q4 2020February 15, 2021

Q4 2020 Hedge Fund Industry Data

Qualifying Hedge Fund NAV surged past the $4 trillion mark, growing 8.1% to $4.120 trillion.

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Q3 2020November 15, 2020

Q3 2020 Hedge Fund Industry Data

Qualifying Hedge Fund NAV soared 6.4% to reach $3.810 trillion.

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Q2 2020August 15, 2020

Q2 2020 Hedge Fund Industry Data

Qualifying Hedge Fund NAV staged a historic 9.1% recovery to $3.580 trillion.

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Q1 2020May 15, 2020

Q1 2020 Hedge Fund Industry Data

Qualifying Hedge Fund NAV plummeted 7.6% to $3.280 trillion amidst the COVID-19 panic.

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Q4 2019February 15, 2020

Q4 2019 Hedge Fund Industry Data

Qualifying Hedge Fund NAV surged powerfully by 4.7% to a record $3.550 trillion.

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Q3 2019November 15, 2019

Q3 2019 Hedge Fund Industry Data

Qualifying Hedge Fund NAV dipped slightly by 0.5% to $3.390 trillion.

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Q2 2019August 15, 2019

Q2 2019 Hedge Fund Industry Data

Qualifying Hedge Fund NAV reached $3.410 trillion, up 1.4% for the quarter.

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Q1 2019May 15, 2019

Q1 2019 Hedge Fund Industry Data

Qualifying Hedge Fund NAV rebounded by 4.3% to $3.360 trillion.

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Q4 2018February 15, 2019

Q4 2018 Hedge Fund Industry Data

Qualifying Hedge Fund NAV suffered a brutal 4.7% contraction down to $3.220 trillion.

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Q3 2018November 15, 2018

Q3 2018 Hedge Fund Industry Data

Qualifying Hedge Fund NAV reached $3.380 trillion before the Q4 market collapse.

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Q2 2018August 15, 2018

Q2 2018 Hedge Fund Industry Data

Qualifying Hedge Fund NAV reached $3.350 trillion amid a highly divergent global market.

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Q1 2018May 15, 2018

Q1 2018 Hedge Fund Industry Data

Qualifying Hedge Fund NAV grew a marginal 0.9% to $3.320 trillion.

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Q4 2017February 15, 2018

Q4 2017 Hedge Fund Industry Data

Qualifying Hedge Fund NAV surged 3.4% closing the year at a record $3.290 trillion.

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Q3 2017November 15, 2017

Q3 2017 Hedge Fund Industry Data

Qualifying Hedge Fund NAV grew steadily by 3.2% to $3.180 trillion.

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Q2 2017August 15, 2017

Q2 2017 Hedge Fund Industry Data

Qualifying Hedge Fund NAV crossed the $3 trillion mark, growing 3.3% to $3.080 trillion.

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Q1 2017May 15, 2017

Q1 2017 Hedge Fund Industry Data

Qualifying Hedge Fund NAV grew 3.4% to reach $2.980 trillion.

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Q4 2016February 15, 2017

Q4 2016 Hedge Fund Industry Data

Qualifying Hedge Fund NAV surged 3.6% to close the year at a record $2.880 trillion.

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Q3 2016November 15, 2016

Q3 2016 Hedge Fund Industry Data

Qualifying Hedge Fund NAV expanded by 3.3% to $2.780 trillion in a low-volatility environment.

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Q2 2016August 15, 2016

Q2 2016 Hedge Fund Industry Data

Qualifying Hedge Fund NAV rebounded, growing 1.5% to $2.690 trillion.

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Q1 2016May 15, 2016

Q1 2016 Hedge Fund Industry Data

Qualifying Hedge Fund NAV dropped 2.3% to $2.650 trillion.

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Q4 2015February 15, 2016

Q4 2015 Hedge Fund Industry Data

Qualifying Hedge Fund NAV declined mildly by 0.8% to end 2015 at $2.714 trillion.

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Q3 2015November 15, 2015

Q3 2015 Hedge Fund Industry Data

Qualifying Hedge Fund NAV dropped significantly by 3.9% to $2.736 trillion amidst Q3 turbulence.

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Q2 2015August 15, 2015

Q2 2015 Hedge Fund Industry Data

Qualifying Hedge Fund NAV flatlined with a minimal 0.67% increase to $2.847 trillion.

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Q1 2015May 15, 2015

Q1 2015 Hedge Fund Industry Data

Qualifying Hedge Fund NAV grew 6.4%, reaching a record $2.828 trillion.

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Q4 2014February 15, 2015

Q4 2014 Hedge Fund Industry Data

Qualifying Hedge Fund NAV grew by 2.6% to finish 2014 at a strong $2.658 trillion.

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Q3 2014November 15, 2014

Q3 2014 Hedge Fund Industry Data

Qualifying Hedge Fund NAV decreased slightly by 0.8% as market volatility re-emerged.

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Q2 2014August 15, 2014

Q2 2014 Hedge Fund Industry Data

Qualifying Hedge Fund NAV soared 6% to $2.612 trillion, setting new high-water marks.

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Q1 2014May 15, 2014

Q1 2014 Hedge Fund Industry Data

Qualifying Hedge Fund NAV grew by 3.1%, representing steady capital deployment and performance.

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Q4 2013February 15, 2014

Q4 2013 Hedge Fund Industry Data

Qualifying Hedge Fund NAV experienced a massive 10% quarter-over-quarter surge, reaching $2.388 trillion.

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Q3 2013November 15, 2013

Q3 2013 Hedge Fund Industry Data

Qualifying Hedge Fund NAV grew a robust 4.1% to reach $2.171 trillion.

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Q2 2013August 15, 2013

Q2 2013 Hedge Fund Industry Data

Qualifying Hedge Fund net assets increased to $2.085 trillion despite market volatility.

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Q1 2013May 15, 2013

Q1 2013 Hedge Fund Industry Data

Qualifying Hedge Fund net assets stood at $2.04 trillion, establishing a critical baseline.

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