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Freestone Grove Partners

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uuid0006z4o

Namestring
Freestone Grove Partners
Legal namestring
Freestone Grove Partners LP
Websiteurl
fgrovep.com
Company typeenum
Private
Founded yearint
2024
Descriptiontext

Freestone Grove Partners LP is a US-domiciled, equities-focused multimanager hedge fund founded in 2024 by Todd Barker, a 17-year Citadel veteran and former Head of Surveyor Capital, and Daniel Morillo, former Partner and Head of Equity Quantitative Research at Citadel. The firm operates as a Delaware limited partnership headquartered at One Market Plaza in San Francisco, with additional offices in New York, Austin, and West Palm Beach, and employs more than 160 team members (as of December 31, 2025) across sector coverage groups spanning Consumer, Financials, Healthcare, Industrials, Natural Resources, and TMT. Its central operating platform combines separate portfolio management teams with shared leadership and aligned resources, integrating fundamental sector research with quantitative capabilities including a sophisticated risk model, portfolio construction tools optimized for capacity, performance attribution frameworks, a data-driven time-allocation model, dedicated behavioral and factor modeling, optimization, and a systematic center book managed by a dedicated PM. The firm self-describes this as an 'anti-pod' design intended to avoid the scale-related collaboration and cost erosion of larger multistrategy platforms.

Freestone Grove generates revenue through a standard hedge fund economic model consisting of asset-based management fees and performance-based incentive fees on private investment funds offered exclusively via private placement memorandum and multi-year subscription agreements to qualified institutional investors and select high-net-worth individuals. The firm does not provide investment advice to individuals and does not offer products to the general public. Capital is raised through direct institutional outreach targeting family offices, endowments, and foundations, with the firm opening to a broader set of select qualified investors in 2026. As of early 2026, assets under management exceed $6 billion, up from $3.5 billion at inception in 2024, with the fund reporting returns of approximately 11% in 2024 and 8.5% in 2025, and being down roughly 3% through March 2026.

The senior leadership team includes a President/COO, CFO, General Counsel/CCO, CRO/Head of Risk Research, Deputy CIO, six sector leads, and specialized heads of Treasury, Product, Optimization, Investment Operations, Trading, Behavioral & Factor Modeling, and Technology. The firm has no parent company, no public ticker, and no disclosed external PE/VC ownership; the entity is founder-controlled and independent. Pricing, fee rates, and investor minimums are not publicly disclosed.

Short descriptiontext

Freestone Grove Partners is an equities-focused multimanager hedge fund founded in 2024 that integrates fundamental sector specialists with quantitative capabilities. It manages over $6 billion for qualified institutional investors and select HNW individuals through private placement across four US offices.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersSan Francisco, United States
HQ citystring
San Francisco
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
equity hedge fund, multi-manager investing, long-short equities, fundamental quantitative investing, alternative investments
Industry1 code
PRIMARYFSAHAFAB
Multi-Strategy — Single-Manager, Multi-PM
Financial & Insurance/Hedge Funds & Alternative Investments/Hedge Funds — Multi-Strategy
NAICS code2 codes
  • Portfolio Management and Investment Advice523940
  • Portfolio Management and Investment Advice52394
SIC code1 code
  • Investment Advice6282
Product category
Hedge Fund Management
Social media profiles1 record
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Management Fees
TypeSubscription Recurring
Description

Asset-based management fees from private investment funds under management. The firm manages over $6 billion in assets.

fgrovep.com
2Performance Fees
TypeSubscription Recurring
Description

Performance-based compensation typical of hedge fund structures, generating returns of 11% in 2024 and 8.5% in 2025.

businessinsider.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
Pricing details1 tier
1Private fund investment available to qualified investors
ModelOtherBilling cadenceMulti-year contract
Notes

Terms governed by private placement memorandum and subscription agreement; not offered to the general public

fgrovep.com
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Freestone Grove Partners is an equities-focused multimanager hedge fund that delivers investment management services by combining fundamental sector specialists with quantitative expertise. The firm operates separate portfolio management (PM) teams across six sector coverage areas (Consumer, Financials, Healthcare, Industrials, Natural Resources, and TMT) with common leadership and shared central capabilities including risk modeling, portfolio construction tools, and performance attribution frameworks. The fund is offered exclusively through private placements to qualified institutional and select investors.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Doubled AUM from $3.5 billion (2024) to over $6 billion (2026)
+2 more records
Product overview1 text field

Freestone Grove Partners operates as an equities-focused multimanager hedge fund providing investment management services. The firm integrates fundamental insights with quantitative capabilities through a multi-manager model, offering investment strategies across six sector coverage areas: Consumer, Financials, Healthcare, Industrials, Natural Resources, and TMT (Technology, Media & Telecom). The company architecture combines separate portfolio management teams with common leadership and aligned resources, positioning itself as an 'anti-pod' alternative to traditional multistrategy hedge funds. The firm does not offer discrete software products or modules but rather delivers investment fund management services as a unified offering.

Product and service2 records
1Freestone Grove Multi-Manager Equities Strategy
CategoryMulti-Manager Equities Hedge Fund
Description

Long/short, fundamental, and quantitative equities hedge fund strategy delivered through a multi-manager model with separate PM teams across six sector coverage areas (Consumer, Financials, Healthcare, Industrials, Natural Resources, and TMT), common leadership, and shared central capabilities (risk modeling, portfolio construction, performance attribution). Offered exclusively to qualified institutional and select investors through private placement memoranda and subscription agreements.

2Sector-Specific Portfolio Management Teams
CategoryMulti-Manager Equities Hedge Fund
Description

Six sector coverage teams led by sector leads (Consumer, Financials, Healthcare, Industrials, Natural Resources, TMT) that operate as part of the broader multi-manager equities platform with aligned resourcing and central capabilities.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Market position
Competitive moat6 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles23 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

Freestone Grove Partners

Hedge Fund Managementfgrovep.com

Freestone Grove Partners is an equities-focused multimanager hedge fund founded in 2024 that integrates fundamental sector specialists with quantitative capabilities. It manages over $6 billion for qualified institutional investors and select HNW individuals through private placement across four US offices.

What Freestone Grove Partners does

Freestone Grove Partners LP is a US-domiciled, equities-focused multimanager hedge fund founded in 2024 by Todd Barker, a 17-year Citadel veteran and former Head of Surveyor Capital, and Daniel Morillo, former Partner and Head of Equity Quantitative Research at Citadel. The firm operates as a Delaware limited partnership headquartered at One Market Plaza in San Francisco, with additional offices in New York, Austin, and West Palm Beach, and employs more than 160 team members (as of December 31, 2025) across sector coverage groups spanning Consumer, Financials, Healthcare, Industrials, Natural Resources, and TMT. Its central operating platform combines separate portfolio management teams with shared leadership and aligned resources, integrating fundamental sector research with quantitative capabilities including a sophisticated risk model, portfolio construction tools optimized for capacity, performance attribution frameworks, a data-driven time-allocation model, dedicated behavioral and factor modeling, optimization, and a systematic center book managed by a dedicated PM. The firm self-describes this as an 'anti-pod' design intended to avoid the scale-related collaboration and cost erosion of larger multistrategy platforms.

Freestone Grove generates revenue through a standard hedge fund economic model consisting of asset-based management fees and performance-based incentive fees on private investment funds offered exclusively via private placement memorandum and multi-year subscription agreements to qualified institutional investors and select high-net-worth individuals. The firm does not provide investment advice to individuals and does not offer products to the general public. Capital is raised through direct institutional outreach targeting family offices, endowments, and foundations, with the firm opening to a broader set of select qualified investors in 2026. As of early 2026, assets under management exceed $6 billion, up from $3.5 billion at inception in 2024, with the fund reporting returns of approximately 11% in 2024 and 8.5% in 2025, and being down roughly 3% through March 2026.

The senior leadership team includes a President/COO, CFO, General Counsel/CCO, CRO/Head of Risk Research, Deputy CIO, six sector leads, and specialized heads of Treasury, Product, Optimization, Investment Operations, Trading, Behavioral & Factor Modeling, and Technology. The firm has no parent company, no public ticker, and no disclosed external PE/VC ownership; the entity is founder-controlled and independent. Pricing, fee rates, and investor minimums are not publicly disclosed.

Freestone Grove Partners firmographics

Firmographics
Name
Freestone Grove Partners
Legal name
Freestone Grove Partners LP
Website
https://fgrovep.com
Company type
Private
Founded year
2024
Operating status
Operating
Headcount range
101–250 employees
Short description
Freestone Grove Partners is an equities-focused multimanager hedge fund founded in 2024 that integrates fundamental sector specialists with quantitative capabilities. It manages over $6 billion for qualified institutional investors and select HNW individuals through private placement across four US offices.
Ownership category
akta.pro rank

Freestone Grove Partners industry classification

Industry
Product category
Hedge Fund Management
NAICS
Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
SIC
Investment Advice (6282)
akta.pro industry
PRIMARYFSAHAFAB
Multi-Strategy — Single-Manager, Multi-PM
Financial & Insurance/Hedge Funds & Alternative Investments/Hedge Funds — Multi-Strategy

Keywords

  • Equity hedge fund
  • Multi-manager investing
  • Long-short equities
  • Fundamental quantitative investing
  • Alternative investments

Where Freestone Grove Partners is headquartered

Location

Headquarters

HQ city
San Francisco
HQ country
United States
HQ region
North America

Offices4 records

Markets served

Freestone Grove Partners business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

  1. Management Fees: Asset-based management fees from private investment funds under management. The firm manages over $6 billion in assets.
  2. Performance Fees: Performance-based compensation typical of hedge fund structures, generating returns of 11% in 2024 and 8.5% in 2025.

Pricing tiers

ModelBillingPrice
OtherMulti-year contractPrivate fund investment available to qualified investors

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Freestone Grove Partners product offering

Product offering

Core offering

Freestone Grove Partners is an equities-focused multimanager hedge fund that delivers investment management services by combining fundamental sector specialists with quantitative expertise. The firm operates separate portfolio management (PM) teams across six sector coverage areas (Consumer, Financials, Healthcare, Industrials, Natural Resources, and TMT) with common leadership and shared central capabilities including risk modeling, portfolio construction tools, and performance attribution frameworks. The fund is offered exclusively through private placements to qualified institutional and select investors.

Product overview

Freestone Grove Partners operates as an equities-focused multimanager hedge fund providing investment management services. The firm integrates fundamental insights with quantitative capabilities through a multi-manager model, offering investment strategies across six sector coverage areas: Consumer, Financials, Healthcare, Industrials, Natural Resources, and TMT (Technology, Media & Telecom). The company architecture combines separate portfolio management teams with common leadership and aligned resources, positioning itself as an 'anti-pod' alternative to traditional multistrategy hedge funds. The firm does not offer discrete software products or modules but rather delivers investment fund management services as a unified offering.

Differentiator

Problem solved

Functional benefit

Products and services

  • Freestone Grove Multi-Manager Equities Strategy Long/short, fundamental, and quantitative equities hedge fund strategy delivered through a multi-manager model with separate PM teams across six sector coverage areas (Consumer, Financials, Healthcare, Industrials, Natural Resources, and TMT), common leadership, and shared central capabilities (risk modeling, portfolio construction, performance attribution). Offered exclusively to qualified institutional and select investors through private placement memoranda and subscription agreements.
  • Sector-Specific Portfolio Management Teams Six sector coverage teams led by sector leads (Consumer, Financials, Healthcare, Industrials, Natural Resources, TMT) that operate as part of the broader multi-manager equities platform with aligned resourcing and central capabilities.

Quantifiable outcome

  • Doubled AUM from $3.5 billion (2024) to over $6 billion (2026)
  • +2 more outcomes

Companies that use Freestone Grove Partners

Customer profile

Segments2 records

Ideal customer profiles2 records

Freestone Grove Partners technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Freestone Grove Partners partnerships and signals

Strategic signal

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Freestone Grove Partners competitors and assessment

Company assessment

Market position

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Freestone Grove Partners social profiles

Digital presence

Freestone Grove Partners financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Freestone Grove Partners leadership team

Management profile

Number of profiles

Profiles23 records

Freestone Grove Partners funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Freestone Grove Partners M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Freestone Grove Partners

What does Freestone Grove Partners do?

Freestone Grove Partners is an equities-focused multimanager hedge fund that delivers investment management services by combining fundamental sector specialists with quantitative expertise. The firm operates separate portfolio management (PM) teams across six sector coverage areas (Consumer, Financials, Healthcare, Industrials, Natural Resources, and TMT) with common leadership and shared central capabilities including risk modeling, portfolio construction tools, and performance attribution frameworks. The fund is offered exclusively through private placements to qualified institutional and select investors.

Is Freestone Grove Partners a public or private company?

Freestone Grove Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Freestone Grove Partners founded?

Freestone Grove Partners was founded in 2024. It employs 101 to 250 people.

Where is Freestone Grove Partners based?

Freestone Grove Partners is headquartered in San Francisco, United States, in the North America region.

How does Freestone Grove Partners make money?

Two revenue lines are on record. Management Fees are the primary driver. The others are performance Fees.

Does Freestone Grove Partners have an API?

No public API is recorded for Freestone Grove Partners.

What industry is Freestone Grove Partners in?

Freestone Grove Partners's product category is Hedge Fund Management. Its primary akta.pro industry code is FSAHAFAB, Multi-Strategy — Single-Manager, Multi-PM. Its NAICS code is 523940 and its SIC code is 6282.

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Live signals
Defense World35,160 Shares of NVIDIA Corporation $NVDA Purchased by Freestone Grove Partners LPFreestone Grove Partners LP purchased 35,160 NVIDIA shares in Q2, valued at about $7.035 million. Other large investors also adjusted positions, and institutional ownership stands at 65.27%.MarketBeat35,160 Shares of NVIDIA Corporation $NVDA Purchased by Freestone Grove Partners LPFreestone Grove Partners LP bought 35,160 NVIDIA shares in Q2, valued at about $7.035 million. Other large investors also adjusted positions, and institutional ownership stands at 65.27%.Defense WorldFreestone Grove Partners LP Acquires Shares of 147,261 International Business Machines Corporation $IBMFreestone Grove Partners LP acquired a new stake in IBM during Q2, purchasing 147,261 shares valued at approximately $41.4 million. Other institutional investors also added positions, with 58.96% of IBM stock held by institutional investors. IBM's stock opened at $240.12, and the company announced a $1.69 quarterly dividend.Defense WorldFreestone Grove Partners LP Makes New Investment in Tesla, Inc. $TSLAFreestone Grove Partners LP acquired a new Tesla stake in Q2, buying 28,930 shares valued at about $12.17 million. Tesla reported Q2 EPS of $0.33, missing the $0.50 consensus, with revenue of $28.24 billion, up 25.5% year-over-year. Analysts rate the stock a Hold with an average price target of $401.74.American Banking and Market News28,930 Shares in Tesla, Inc. $TSLA Bought by Freestone Grove Partners LPFreestone Grove Partners LP bought 28,930 Tesla shares in Q2, valued at about $12.17 million. Analysts have an average "Hold" rating with a $401.74 target price. Tesla reported Q2 EPS of $0.33, missing the $0.50 consensus.Defense WorldFreestone Grove Partners LP Sells 37,143 Shares of Johnson & Johnson $JNJFreestone Grove Partners LP sold 37,143 Johnson & Johnson shares in Q2, reducing its stake by 6.7% to 517,230 shares. Analysts have set a consensus target price of $272.83, with most ratings Buy or Overweight. The company also announced a $1.34 quarterly dividend.American Banking and Market NewsJohnson & Johnson $JNJ Stock Holdings Lessened by Freestone Grove Partners LPFreestone Grove Partners LP reduced its Johnson & Johnson stake by 6.7% in Q2, selling 37,143 shares. JNJ reported Q2 EPS of $2.90, beating estimates, and declared a $1.34 quarterly dividend. Analysts have a consensus "Moderate Buy" rating with a $272.83 target.Defense WorldFreestone Grove Partners LP Invests $54.55 Million in Costco Wholesale Corporation $COSTFreestone Grove Partners LP acquired a new stake in Costco Wholesale, buying 58,314 shares valued at approximately $54.55 million in Q2. Other institutional investors also added positions, and institutional ownership stands at 68.48%.Defense WorldFreestone Grove Partners LP Acquires New Holdings in Eli Lilly and Company $LLYFreestone Grove Partners LP acquired a new position in Eli Lilly and Company during the second quarter, purchasing 13,442 shares valued at approximately $16.1 million. The pharmaceutical company recently reported quarterly earnings that beat analyst estimates, with revenue rising 47.7% year-over-year to $22.97 billion. Additionally, Eli Lilly announced a quarterly dividend of $1.73 per share, while several other institutional investors also adjusted their holdings in the stock during recent quarters.American Banking and Market NewsFreestone Grove Partners LP Buys Shares of 13,442 Eli Lilly and Company $LLYFreestone Grove Partners LP acquired a new stake in Eli Lilly and Company in Q2, buying 13,442 shares valued at about $16.1 million. Other institutional investors also adjusted positions, including Norges Bank and J. Stern & Co. Insiders sold 13,500 shares over the past 90 days.