# Hotchkis and Wiley Capital Management, LLC

> Hotchkis and Wiley Capital Management, LLC is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2001, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 114649
- Filed as: HOTCHKIS AND WILEY CAPITAL MANAGEMENT, LLC
- Also doing business as: HOTCHKIS & WILEY
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Los Angeles, CA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/114649
- AdvisorCensus page: https://advisorcensus.com/firm/hotchkis-and-wiley-capital-management-llc-los-angeles-ca-114649

## Quick answers

**How is Hotchkis and Wiley Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Hotchkis and Wiley Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Hotchkis and Wiley Capital Management, LLC located?**
Hotchkis and Wiley Capital Management, LLC's principal office is in Los Angeles, CA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Hotchkis and Wiley Capital Management, LLC registered with the SEC or a state?**
Hotchkis and Wiley Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2001. Status as filed: Approved. CRD 114649.

**How much does Hotchkis and Wiley Capital Management, LLC manage?**
Hotchkis and Wiley Capital Management, LLC reports $36,927,831,000 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Hotchkis and Wiley Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Hotchkis and Wiley Capital Management, LLC: Regulatory assets under management: $31,713,889,000 in the October 2021 data and $36,927,831,000 in the October 2026 data, up 16%. Total employees: 59 in October 2021 and 64 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Hotchkis and Wiley Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: investment companies (26); pooled investment vehicles (other than investment companies and business development companies) (19); pension and profit sharing plans (but not the plan participants or government pension plans) (16).

**Which custodians does Hotchkis and Wiley Capital Management, LLC use?**
Hotchkis and Wiley Capital Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists J.P. Morgan Securities LLC, State Street Bank and Trust Company, The Bank of New York Mellon and The Northern Trust Company as custodians holding 10% or more of its separately managed account assets.

**Does Hotchkis and Wiley Capital Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/114649

**What changed in Hotchkis and Wiley Capital Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 31 to 32. Regulatory assets under management went from $33,175,119,000 to $36,927,831,000 (+11%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
- Other

### Custodians (Schedule D, Section 5.K(3))
- J.P. Morgan Securities LLC
- State Street Bank and Trust Company
- The Bank of New York Mellon
- The Northern Trust Company

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $36,927,831,000
- Discretionary: $36,927,831,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 26 | $24,541,207,000 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 19 | $4,886,271,000 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 16 | $4,034,776,000 |
| Charitable organizations | 11 | $910,183,000 |
| State or municipal government entities (including government pension plans) | 12 | $2,438,295,000 |
| Other investment advisers | 9 | $13,800,000 |
| Insurance companies | Fewer than 5 | $16,915,000 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 5 | $86,384,000 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 2001 (25 years)
- Employees: 64 total, 32 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, LA, MA, MN, NJ, OK, PA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Corona del Mar, CA

### Websites listed on Form ADV (Item 1.I)
- hwcm.com
- LinkedIn @HOTCHKIS-AND-WILEY-CAPITAL-MANAGEMENT

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $31,713,889,000 | 59 | October 1, 2021 |
| October 2022 | $34,930,395,000 | 61 | March 29, 2022 |
| October 2023 | $28,351,287,000 | 62 | March 29, 2023 |
| October 2024 | $31,256,877,000 | 64 | July 12, 2024 |
| October 2025 | $33,175,119,000 | 63 | March 28, 2025 |
| October 2026 | $36,927,831,000 | 64 | March 30, 2026 |

Regulatory assets under management: $31,713,889,000 in the October 2021 data and $36,927,831,000 in the October 2026 data, up 16%.
Total employees: 59 in October 2021 and 64 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 31 to 32.
- Regulatory assets under management went from $33,175,119,000 to $36,927,831,000 (+11%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Hotchkis and Wiley Capital Management, LLC (CRD 114649): Form ADV filing data as of October 2026.