# LSV Asset Management

> LSV Asset Management is an SEC-registered investment advisory firm in Chicago, IL, registered since 1994, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 109918
- Filed as: LSV ASSET MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/109918
- AdvisorCensus page: https://advisorcensus.com/firm/lsv-asset-management-chicago-il-109918

## Quick answers

**How is LSV Asset Management compensated?**
On its Form ADV (Item 5.E, October 2026), LSV Asset Management reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other.

**Where is LSV Asset Management located?**
LSV Asset Management's principal office is in Chicago, IL, according to its Form ADV.

**Is LSV Asset Management registered with the SEC or a state?**
LSV Asset Management is an SEC-registered investment advisory firm, registered since 1994. Status as filed: Approved. CRD 109918.

**How much does LSV Asset Management manage?**
LSV Asset Management reports $104,245,891,572 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have LSV Asset Management's assets and staff changed since 2021?**
In the Form ADV data for LSV Asset Management: Regulatory assets under management: $104,325,094,113 in the October 2021 data and $104,245,891,572 in the October 2026 data, unchanged. Total employees: 44 in October 2021 and 45 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does LSV Asset Management serve?**
By number of clients on Form ADV Item 5.D: corporations or other businesses not listed above (46); pooled investment vehicles (other than investment companies and business development companies) (44); pension and profit sharing plans (but not the plan participants or government pension plans) (41).

**Which custodians does LSV Asset Management use?**
LSV Asset Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon, J.P. Morgan Chase Custody Services, Inc., Northern Trust Corporation and State Street Bank and Trust Company as custodians holding 10% or more of its separately managed account assets.

**Does LSV Asset Management 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/109918

**What changed in LSV Asset Management's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 14 to 15. Regulatory assets under management went from $91,060,433,794 to $104,245,891,572 (+14%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon
- J.P. Morgan Chase Custody Services, Inc.
- Northern Trust Corporation
- State Street Bank and 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: $104,245,891,572
- Discretionary: $104,245,891,572
- 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 | 10 | $15,503,858,746 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 44 | $24,517,441,213 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 41 | $5,257,398,044 |
| Charitable organizations | 27 | $7,960,761,337 |
| State or municipal government entities (including government pension plans) | 37 | $30,452,803,600 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 11 | $11,184,969,735 |
| Corporations or other businesses not listed above | 46 | $9,368,658,897 |
| Other | 0 | $0 |

### 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: 1994 (31 years)
- Employees: 45 total, 15 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, UT, VA, VI, VT, WA, WI, WV
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- lsvasset.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $104,325,094,113 | 44 | May 17, 2021 |
| October 2022 | $108,805,081,926 | 45 | June 2, 2022 |
| October 2023 | $91,100,458,682 | 45 | March 31, 2023 |
| October 2024 | $96,001,136,901 | 43 | March 27, 2024 |
| October 2025 | $91,060,433,794 | 44 | March 28, 2025 |
| October 2026 | $104,245,891,572 | 45 | March 30, 2026 |

Regulatory assets under management: $104,325,094,113 in the October 2021 data and $104,245,891,572 in the October 2026 data, unchanged.
Total employees: 44 in October 2021 and 45 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 14 to 15.
- Regulatory assets under management went from $91,060,433,794 to $104,245,891,572 (+14%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. LSV Asset Management (CRD 109918): Form ADV filing data as of October 2026.