What is the threshold for an Institutional Investment Manager to file Form 13F?

Institutional Investment Managers are required to file Form 13F when they manage equity securities with a total value of $100 million or more. This threshold is set by the Securities and Exchange Commission (SEC) and is designed to enhance transparency in the investment management industry.

The purpose of Form 13F is to give the SEC and the public insight into the investment strategies and holdings of major institutional investors. By mandating this reporting for those with considerable assets, the SEC can monitor trends in the markets and offer a level of oversight that is beneficial for market integrity and investor protection.

It's essential to understand that the value referred to in the threshold pertains specifically to equity securities, which include stocks and similar instruments, and does not cover other types of investments such as fixed income or derivatives. Therefore, managers with less than $100 million in equity securities are not subject to this requirement, allowing smaller investment managers to operate with less regulatory burden.