Shapiro Capital Management

What Shapiro Capital Management does

Shapiro Capital Management LLC is an Atlanta-based, SEC-registered investment adviser founded in August 1990 by Samuel R. McCarthy and Michael A. McCarthy. The firm provides discretionary investment advisory services to high-net-worth individuals, institutions, and pension funds, operating under a fiduciary mandate with a $500,000 typical minimum account size (waivable case by case).

The firm's investment approach is a single, unified value-investing strategy focused on established businesses with franchise-like characteristics, returns on invested assets of 20% or higher pretax, and management teams with meaningful equity ownership. The senior investment team comprises four professionals with combined experience exceeding 125 years, including CFA charterholders with prior tenures at Deutsche Bank Alex Brown, Lehman Brothers, Bear Stearns, Merrill Lynch, and Cowen. Day-to-day leadership is provided by Michael A. McCarthy (Chief Investment Officer, Co-Founder), Louis S. Shapiro (President and CFO), Harry B. Shapiro (Director of Research), and Jonathan J. Hunter (Research Analyst and Portfolio Manager).

The business is structured as a private, independently owned LLC with no parent company, no disclosed external investors, and a single Atlanta office at One Buckhead Plaza. Revenue is generated through recurring investment advisory fees, likely structured as a percentage of assets under management given the SEC-registered RIA model, though specific fee schedules and AUM figures are not publicly disclosed. The firm maintains a deliberately lean operating structure, with no technology product, no AI/ML capabilities, no distribution partnerships, and a stated geographic restriction to U.S. residents.

Name

Shapiro Capital Management

Legal name

Shapiro Capital Management LLC

Website

https://shapirocapital.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

1–10 employees

Short description

Shapiro Capital Management LLC is an Atlanta-based, SEC-registered investment adviser that provides discretionary value-investing advisory services to high-net-worth individuals, institutions, and pensions, with a $500,000 typical minimum and a four-person senior investment team.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Discretionary Portfolio Management (Retail) (FSAAAAAH)

akta.pro secondary industry

Large-Cap Equity (Active) (FSAAAIAA)

Keywords

• Investment advisory services
• Portfolio management
• Value investing
• Wealth management
• Asset management

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Investment Advisory Fees: Revenue generated through discretionary investment advisory services provided to individuals, institutions, and pensions. As an SEC-registered investment adviser, the firm likely charges fees based on assets under management (AUM), though specific fee structures are not publicly disclosed.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Shapiro Capital Management provides discretionary investment advisory services to high-net-worth individuals, institutions, and pension funds. The firm applies a value-driven investment philosophy focused on established businesses with franchise-like characteristics, high returns on invested capital, and significant barriers to entry, targeting above-market returns with below-market risk.

Product overview

Shapiro Capital Management offers a single, unified investment advisory service focused on discretionary portfolio management. The firm provides equity-focused value investing with below-market risk and above-market return objectives, serving individuals, institutions, and pensions with tailored strategies.

Differentiator

Problem solved

Functional benefit

Products and services

• Discretionary Investment Advisory Services Discretionary portfolio management tailored to high-net-worth individuals, institutions, and pension clients, applying a value-driven philosophy focused on established businesses with high returns on invested capital and significant barriers to entry.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Tweedy, Browne Company: Long-standing global and US value manager serving individuals and institutions with a deep-value, fundamentals-driven process. Highly comparable as a closely held, employee-owned value boutique.
• Ariel Investments: Chicago-based active value equity manager serving individual and institutional clients with a long-term, fundamentals-driven approach. Highly comparable in philosophy, client mix, and boutique structure.
• Third Avenue Management: Deep-value asset-based value manager running mutual funds and separate accounts for institutional and individual clients. Comparable in boutique structure, value discipline, and long-term holding orientation.
• Ruane, Cunniff & Goldfarb: Manager of the Sequoia Fund, focused on concentrated US equity value investing for individuals and select institutions. Comparable as a closely held, founder-driven boutique with a long-duration track record.
• Pzena Investment Management: Classic deep-value manager offering separate accounts and pooled vehicles to institutional and retail clients. Comparable in active value discipline, client base, and fee-based revenue model.
• Southeastern Asset Management: Long-term, concentrated value investor managing separate accounts and mutual funds (Longleaf Partners) for institutions and individuals. Directly comparable in philosophy (focus on businesses with durable competitive advantages), structure (independent, owner-operated boutique), and target clients (HNW and institutional).
• Harris Associates (Oakmark Funds): Chicago-based concentrated value manager running Oakmark Funds for retail and institutional clients. Directly comparable in active US equity value philosophy and fee-based AUM model.

Broad incumbents

• Fidelity Investments (Fidelity Institutional Wealth Advisors): Large diversified asset manager offering active value strategies, separately managed accounts, and an institutional RIA custody platform serving HNW individuals and institutions. Comparable in fee-based AUM model for value mandates, but at much broader scale.
• Franklin Templeton: Global asset manager with extensive active equity value capabilities (and now including the former Legg Mason value franchises). Overlaps with Shapiro in active US value mandates but serves clients through a much wider product shelf and distribution footprint.
• T. Rowe Price: Large diversified active asset manager offering US equity value, growth, and multi-asset strategies to institutional and retail clients. Comparable in core US equity value capability but operates at vastly greater scale with a much broader product set.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/shapiro-capital-management-co

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Shapiro Capital Management