# Hedge funds (2026 list) > 1,008 hedge funds, 7% active in the last 12 months. Led by Polygon, Matrix, Lehman Brothers. Ranked by what they funded. Source: https://millionrounds.com/lists/hedge-funds (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Hedge funds Updated 7 November 2026 Hedge funds, ordered by what we have observed them do. Type is read from the firm's own website wherever we could reach it. [See all 1,008 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fhedge-funds)The top 25 **1,008** investors on the list *+1* this week **152** cheques in 12 months *+28%* against the market **$23M** median round they joined *+191%* against the market median **7%** wrote a cheque in 12 months **3%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (14) - 1 [Polygon](https://millionrounds.com/fund/polygon) *Deploying now* Hedge fund · Cayman Islands **149** **$5M** median round **Oct 2026** last seen - 2 [Matrix](https://millionrounds.com/fund/matrix) *Deploying now* Hedge fund · United Arab Emirates **104** **$31M** median round **Nov 2026** last seen - 3 [Lehman Brothers](https://millionrounds.com/fund/lehman-brothers) quiet Hedge fund · United States **58** **$15M** median round **Nov 2009** last seen - 4 [Technology Partners](https://millionrounds.com/fund/technology-partners) quiet Hedge fund · United States **52** **$20M** median round **Oct 2015** last seen - 5 [Fasanara Capital](https://millionrounds.com/fund/fasanara-capital) *Deploying now* Hedge fund · United Kingdom **50** **$30M** median round **Sept 2026** last seen - 6 [UNITED, Inc.](https://millionrounds.com/fund/united) *Deploying now* Hedge fund · Japan **50** **$10M** median round **Sept 2026** last seen - 7 [Genesis Partners](https://millionrounds.com/fund/genesis-partners) dormant Hedge fund **41** **$9.5M** median round **Mar 2015** last seen - 8 [Brookside Capital](https://millionrounds.com/fund/brookside-capital) quiet Hedge fund · United States **40** **$50M** median round **Sept 2015** last seen - 9 [Rock Springs Capital](https://millionrounds.com/fund/rock-springs-capital) *Deploying now* Hedge fund · United States **36** **$102M** median round **Jun 2026** last seen - 10 [Circle Up](https://millionrounds.com/fund/circle-up) *Deploying now* Hedge fund · Türkiye **33** **$4.8M** median round **Jun 2026** last seen - 11 [Vertex](https://millionrounds.com/fund/vertex) quiet Hedge fund · United States **33** **$32M** median round **Dec 2019** last seen - 12 [Arch](https://millionrounds.com/fund/arch) *Deploying now* Hedge fund **26** **$44M** median round **May 2026** last seen - 13 [Trinity](https://millionrounds.com/fund/trinity) quiet Hedge fund · United States **26** **$31M** median round **Jun 2019** last seen - 14 [D1 Capital Partners](https://millionrounds.com/fund/d1-capital-partners) *Deploying now* Hedge fund · United States **24** **$513M** median round **Oct 2026** last seen - 15 [Point72](https://millionrounds.com/fund/point72) *Deploying now* Hedge fund · United States **23** **$113M** median round **Sept 2026** last seen - 16 [Nomura](https://millionrounds.com/fund/nomura) *Deploying now* Hedge fund · Japan **22** **$120M** median round **Oct 2026** last seen - 17 [Iroquois Capital](https://millionrounds.com/fund/iroquois-capital) quiet Hedge fund · United States **20** **$5.7M** median round **Feb 2013** last seen - 18 [Rhodium Capital](https://millionrounds.com/fund/rhodium-capital) quiet Hedge fund · Singapore **19** **$5M** median round **Oct 2015** last seen - 19 [Wexford Capital](https://millionrounds.com/fund/wexford-capital-lp) quiet Hedge fund · United States **18** **$21M** median round **Jan 2015** last seen - 20 [Altair](https://millionrounds.com/fund/altair) *Deploying now* Hedge fund · United States **17** **$6M** median round **Jun 2026** last seen - 21 [RedShift Ventures](https://millionrounds.com/fund/redshift) quiet Hedge fund · United States **17** **$10M** median round **Mar 2013** last seen - 22 [Schroders Capital](https://millionrounds.com/fund/schroders-capital) *Deploying now* Hedge fund · United States **15** **$150M** median round **Jun 2026** last seen - 23 [Maverick Silicon](https://millionrounds.com/fund/maverick-silicon) *Deploying now* Hedge fund · United States **14** **$109M** median round **Oct 2026** last seen - 24 [Genesis](https://millionrounds.com/fund/genesis-3) *Deploying now* Hedge fund · United States **13** **$24M** median round **Oct 2026** last seen - 25 [AIG Investments](https://millionrounds.com/fund/aig-investments) quiet Hedge fund **13** **$20M** median round **Oct 2009** last seen **983 more on this list** All 1,008 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fhedge-funds) ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Potential Sciences](https://millionrounds.com/company/potential-sciences)** Seed *With* [Odyssey](https://millionrounds.com/fund/odyssey) - **5** Nov **[Sand.ai](https://millionrounds.com/company/sand-ai)** Series A · $200M *Led by* [Cornerstone Capital](https://millionrounds.com/fund/cornerstone-capital) - **5** Nov **[CesiumAstro](https://millionrounds.com/company/cesiumastro)** Series D+ · $730M *Led by* [Janus Henderson](https://millionrounds.com/fund/janus-henderson) - **3** Nov **[Nanochap](https://millionrounds.com/company/nanochap)** Series C · $75M *With* [MONOLITH](https://millionrounds.com/fund/monolith) - **2** Nov **[General Medicine](https://millionrounds.com/company/general-medicine)** Series B · $120M *With* [Matrix](https://millionrounds.com/fund/matrix) - **29** Oct **[i23](https://millionrounds.com/company/i23)** Seed · $6.5M *Led by* [Insiders](https://millionrounds.com/fund/insiders) ## Stages This Year 144 rounds - Series B **16%** - Series A **14%** - Seed **13%** - Debt **10%** - Growth **10%** - Other **37%** ## What They Backed Sectors, last 12 months - AI **69** - Fintech **17** - Energy **15** - Robotics **12** - Construction **11** - Semiconductors **11** ## Cheques by Quarter Led Joined 32 Q1 25 33 Q2 25 32 Q3 25 37 Q4 25 31 Q1 26 36 Q2 26 41 Q3 26 26 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms 63,814](https://millionrounds.com/lists/vc-firms) - [PE firms 29,284](https://millionrounds.com/lists/pe-firms) - [Solo angels 6,544](https://millionrounds.com/lists/solo-angels) - [Family offices 6,263](https://millionrounds.com/lists/family-offices) - [Corporate VCs 5,452](https://millionrounds.com/lists/corporate-vcs) - [Growth equity firms 3,838](https://millionrounds.com/lists/growth-equity-firms) - [Incubators and accelerators 3,523](https://millionrounds.com/lists/incubators-accelerators) - [Institutional LPs 2,744](https://millionrounds.com/lists/institutional-lps) - [Startup studios 2,384](https://millionrounds.com/lists/startup-studios) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about hedge funds ### Who are the most active hedge funds? By cheques observed, the most active are Polygon, Matrix, Lehman Brothers, Technology Partners and Fasanara Capital. ### How many hedge funds are there? 1,008 are on record. 7% made an investment in the last 12 months and 3% have led a round. ### Which stages do hedge funds back? Of the rounds with a named stage in the last 12 months, mostly Series B (20%) and Series A (17%). ### How big are the rounds hedge funds join? The typical (median) round among the leading investors here is $24M. ### Which sectors do hedge funds back most? In the last 12 months, mostly AI, Fintech and Energy. ### Which hedge funds lead the most rounds? Matrix (7 led), D1 Capital Partners (5 led) and UNITED, Inc. (4 led). ### Where are hedge funds based? Among the most active, most are based in the United States (15), Japan (2) and Cayman Islands (1). ### What have hedge funds invested in recently? Recent rounds include Potential Sciences (Seed, Nov 2026, with Odyssey), Sand.ai (Series A, Nov 2026, with Cornerstone Capital) and CesiumAstro (Series D+, Nov 2026, with Janus Henderson). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)