Hedgeye Risk Management

What Hedgeye Risk Management does

Hedgeye Risk Management is a privately held, web-based independent investment research and media company founded in 2008 by Keith McCullough and headquartered in Stamford, Connecticut. The firm delivers subscription-based macro, fundamental, and quantitative equity research to individual investors, registered investment advisors, family offices, and institutional clients managing over $20 trillion in assets. Its core platform combines daily flagship content (The Macro Show, The Call @ Hedgeye, Early Look newsletter) with proprietary quantitative frameworks including the Risk Range Signals model, the GIP (Growth, Inflation, Policy) Model, the Four Quads regime map, and VASP volatility-adjusted signaling. A 40+ analyst team covers 1,000+ stocks and ETFs across all major sectors.

The firm operates a three-tier self-serve subscription product ladder (Macro Core at $499/year, Macro Elite at $2,499/year, Macro Pro at $6,499/year) complemented by add-on products including Real-Time Alerts, Signal Strength Stocks, HEDGAI Signals, Digital Assets Pro, and Bitcoin Trend Tracker. Capital Allocation Pro is sold through a dedicated institutional/advisor sales motion. Distribution is entirely digital: accounts.hedgeye.com, iOS and Android mobile apps, HedgeyeTV, and a 150,000+ email newsletter base. An affiliated registered investment adviser, Hedgeye Asset Management (HAM), has launched actively managed ETFs in late 2025 including HELS (130/30) and HEFT (Fourth Turning), distributed through the 2026 LPL Financial partnership. The firm acquired Potomac Research Group in 2016 to add Washington-based policy research capabilities.

Revenue is generated through annual subscriptions and emerging ETF management fees; figures are not publicly disclosed. The business is founder-led, with no disclosed venture or private equity backing. Hedgeye's positioning is built on three principles: independence from Wall Street conflicts of interest, transparency of timestamped signals, and a documented 17-year track record of calling every U.S. market crash since 2008 with a reported 74-87% annual win rate on Risk Range Signals.

Name

Hedgeye Risk Management

Legal name

Hedgeye Risk Management LLC

Website

https://app.hedgeye.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Hedgeye Risk Management is a privately held, subscription-based independent investment research firm founded in 2008, delivering macro and equity research via daily webcasts, proprietary quantitative signal models, and a tiered subscription platform to individual investors, RIAs, and institutional clients managing over $20T.

Ownership category

akta.pro rank

Headquarters

HQ city

Stamford

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Subscription Research Products: Recurring subscription revenue from individual, advisor, and institutional research products. Products range from $99/year (Macro Show introductory) to $10,000/year (Macro Pro). Additional products include The Call @ Hedgeye ($99-599/year), Digital Assets Pro ($225 first 30 days free, then subscription), Real-Time Alerts ($199/year), Signal Strength Stocks ($199/year), Bitcoin Trend Tracker ($99/year), and Macro Core ($499/year).

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

Hedgeye Risk Management is a subscription-based independent investment research firm that delivers hedge fund-quality macro, fundamental, and quantitative research to individual investors, advisors, and institutional clients. Its core output comprises daily webcasts (The Macro Show, The Call @ Hedgeye), proprietary quantitative frameworks (Risk Range Signals, GIP Model, Quads Map), intraday real-time alerts, and actively managed ETFs managed by affiliate Hedgeye Asset Management. Products are distributed via a proprietary digital platform (web, iOS/Android apps, HedgeyeTV) at tiered annual subscription pricing from $99 to $10,000.

Product overview

Hedgeye Risk Management operates a multi-tiered subscription research platform delivering hedge fund-quality macro and equity research to individual investors, advisors, and institutional clients. The core offering combines The Macro Show (daily pre-market webcast by CEO Keith McCullough) and The Call @ Hedgeye (daily stock research call) with proprietary quantitative tools including the GIP Model, Quads Map, and Risk Range Signals. The subscription tiers progress from Macro Core ($499/year) through Macro Elite ($2,499/year) to Macro Pro ($6,499/year), each adding portfolio solutions, real-time alerts, and institutional-grade research. Add-on products include Signal Strength Stocks, Real-Time Alerts, HEDGAI Signals (AI-driven 1–3 day trades), Digital Assets Pro, and Bitcoin Trend Tracker. Educational resources include Hedgeye University, the Process Guide, Master the Market eBook, Early Look newsletter, and Macro Week Summary. The affiliated Hedgeye Asset Management manages ETFs including the Hedgeye 130/30 Equity ETF (HELS), Hedgeye Fourth Turning ETF (HEFT), Capital Allocation ETF (HECA), and Quality Growth ETF (HGRO), with some products available through platforms like LPL Financial. Founded in 2008 by former hedge fund manager Keith McCullough, the firm employs 40+ analysts and serves institutional clients managing over $20 trillion in assets.

Differentiator

Problem solved

Functional benefit

Brands

• Hedgeye Asset Management: A registered investment adviser and controlled subsidiary of Hedgeye Risk Management, managing ETFs including HELS, HEFT, HECA, and HGRO.
• The Macro Show
• The Call @ Hedgeye
• Risk Range Signals
• HedgeyeTV

Products and services

• The Macro Show Daily investing webcast hosted by Hedgeye CEO Keith McCullough before market open, delivering contrarian macro analysis and data-driven investment ideas. Subscription product for individual and institutional investors.
• The Call @ Hedgeye Daily stock research call led by Hedgeye CEO Keith McCullough featuring sector analysts presenting long and short investment ideas, combining fundamental analysis, macro risk management, and quantitative signals.
• Macro Core Bronze-tier annual subscription providing The Macro Show, the Early Look daily pre-market newsletter, and the Go-Anywhere Portfolio of 10 ETFs; priced at $499/year (introductory).
• Macro Elite Silver-tier annual subscription bundling Macro Core plus Portfolio Solutions, Real-Time Alerts, Risk Range Signals, and The Call @ Hedgeye; priced at $2,499/year (introductory).
• Macro Pro Gold-tier annual subscription bundling everything in Macro Elite plus daily Portfolio Solutions, monthly Trend & Tail Levels for 65+ global ETFs, and Quarterly & Mid-Quarter Macro Themes; priced up to $10,000/year (introductory $6,499).
• Capital Allocation Pro Subscription product for RIAs, family offices, and fiduciaries offering four model portfolios matched to different risk profiles, daily dashboards, macro trend commentary, and monthly video briefings; led by portfolio manager David Salem.
• Risk Range Signals Quantitative Buy/Sell signal model built on price, volume, and volatility inputs. Generates LRR buy levels and TRR sell levels across TRADE (≤3 weeks), TREND (≥3 months), and TAIL (≤3 years) durations; 74–87% annual win rate since 2008 with 6,400+ winning trade signals.
• Real-Time Alerts Intraday trade alerts for stocks and ETFs issued by Keith McCullough, with a documented 74–87% win rate and 6,000+ winning signals since 2008; priced at $199/year.
• Signal Strength Stocks Quant-based stock picks applying Keith McCullough's Price, Volume, Volatility signals to Hedgeye's top sector analyst ideas, updated when signals shift; priced at $199/year.
• HEDGAI Signals AI-driven 1–3 day trading signals built by the Hedgeye team, trained on market data and thoroughly back-tested; positioned as distinct from human-generated signals. Priced at $99/year (introductory).
• Digital Assets Pro Institutional-grade crypto research package providing long and short investment ideas and proven Buy/Sell signals for crypto-related opportunities; free for the first 30 days, then subscription.
• Bitcoin Trend Tracker Daily Buy/Sell signals for BTC, ETH, SOL, and crypto-related stocks/ETFs (e.g., MSTR, BLOK, COIN, IBIT); priced at $99/year (introductory).
• Hedgeye 130/30 Equity ETF (HELS) Actively managed ETF employing a disciplined 130/30 active extension strategy that uses Hedgeye's macro research and quantitative signals to manage both long and short positions, targeting outperformance across market environments. Managed by R. Patrick Kent at Hedgeye Asset Management.
• Hedgeye Fourth Turning ETF (HEFT) Actively managed ETF designed to capitalize on demographic, macroeconomic, and generational shifts. Co-managed by Neil Howe and R. Patrick Kent, leveraging Hedgeye's proprietary models and Fourth Turning framework for long-term capital appreciation across regions, sectors, and market caps.
• Hedgeye Capital Allocation ETF (HECA) Actively managed ETF from Hedgeye Asset Management distributing through LPL Financial's platform to reach RIAs and their clients, providing capital allocation strategy exposure to Hedgeye's research process.
• Hedgeye Quality Growth ETF (HGRO) Actively managed ETF from Hedgeye Asset Management distributing through LPL Financial's platform to reach RIAs and their clients, providing quality growth strategy exposure to Hedgeye's research process.

Quantifiable outcome

• 74-87% annual win rate on Buy/Sell signals every year since 2008
• +5 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature6 records

Partnerships

Six partnerships are on record, tiered core and strategic.

• R. Patrick Kent (Portfolio Manager)coreOthers · 12 December 2025R. Patrick Kent co-manages the Hedgeye 130/30 Equity ETF (HELS) and serves as a Portfolio Manager at Hedgeye Asset Management (HAM). Kent is a key investment professional contributing to the firm's ETF product suite alongside Keith McCullough and the HAM team.
• Neil Howe (Co-Portfolio Manager)coreOthers · 21 November 2025Neil Howe, renowned demographer and co-author of 'The Fourth Turning,' co-manages the Hedgeye Fourth Turning ETF (HEFT). Howe's demographic and generational research framework is embedded into the fund's investment strategy.
• Tier1 AlphacoreTechnology or IntegrationTier1 Alpha provides flow models used by Hedgeye's research team to track and anticipate institutional positioning and systematic flows in real time. This integration supports Hedgeye's 'Machine' analysis and helps front-run large market moves driven by algorithmic and systematic trading strategies.
• LPL FinancialstrategicChannel Partner/ Reseller/ DistributorHedgeye Capital Allocation ETF (HECA) and Hedgeye Quality Growth ETF (HGRO) became available through LPL Financial's platform in 2026, providing distribution reach to LPL's network of advisors and their clients.
• Brooks Cutright (ADDS Portfolio Manager)coreOthersBrooks Cutright serves as Portfolio Manager at Hedgeye Asset Management's ADDS strategy, contributing to the Protect the Pile podcast and providing analysis on index inclusions, market structure, and flow-driven trading opportunities.
• John McNamara (HAM CIO)coreOthersJohn McNamara serves as Chief Investment Officer at Hedgeye Asset Management, bringing additional investment discipline to the HAM portfolio management team alongside R. Patrick Kent and David Salem.

Scale indicators12 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Seeking Alpha: Subscription-based crowdsourced and contributor-driven investment research platform serving self-directed retail investors. Closest direct comparable — both sell hedge-fund-quality research to retail at accessible price points using a self-serve digital subscription model.
• Argus Research: Independent investment research firm producing fundamental equity analysis and model portfolios for institutional and advisor clients. Comparable independent-voice positioning, advisor/institutional GTM motion, and portfolio-allocation overlay services.
• Zacks Investment Research: Subscription equity research service offering stock rankings, earnings estimates, and quantitative-style investing signals. Direct comparable in subscription-driven, quantamental stock research with tiered retail and advisor products.
• Stansberry Research: Independent subscription research publisher offering equity, macro, and commodity research directly to retail investors. Comparable single-founder-led model, conflict-free positioning, and direct-to-consumer subscription revenue model targeting retail and small-advisor segments.
• Value Line: Long-standing independent equity research and ranking service with subscription access to stock analysis and proprietary multi-rank models. Comparable in independent-voice positioning, subscription pricing for retail and advisor tiers, and quantitative stock selection methodology.
• Real Vision: Subscription-based financial research and long-form video media platform featuring interviews with hedge fund managers and macro thinkers. Closely mirrors Hedgeye's combination of video/webcast distribution (HedgeyeTV) with paid research subscriptions targeted at sophisticated self-directed investors.
• The Motley Fool: Long-running subscription investment research and stock-picking service targeting retail investors via newsletters and premium memberships. Comparable tiered subscription model, founder-driven brand, and direct-to-consumer distribution approach.

Broad incumbents

• Morningstar: Large, established investment research and ratings firm covering mutual funds, ETFs, and individual stocks. Overlapping in investment-advisory content but serving a much broader customer base including institutional asset managers and retirement plan sponsors with a wider product portfolio.
• Bloomberg Intelligence: Institutional-grade research arm of Bloomberg providing fundamental and quantitative analysis across sectors and asset classes. Comparable macro and equity research output but embedded within the broader Bloomberg Terminal ecosystem and priced for institutional, not retail, subscribers.

Emerging players

• ARK Invest: Research-driven thematic ETF issuer broadcasting proprietary views through public models, media presence, and active ETFs. Comparable in combining founder-led research narrative, proprietary analytical framework, and recently-launched actively-managed ETFs as the primary commercialization channel.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Hedgeye
• YouTubeyoutube.com/user/Hedgeye
• Facebookfacebook.com/Hedgeye
• LinkedInlinkedin.com/company/hedgeye-risk-management-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hedgeye Risk Management