Here are the 10-K annual reports from Affiliated Managers Group (AMG) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow AMG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AMG filings page.
Affiliated Managers Group, Inc. (AMG) is a global partner to independent investment firms, holding meaningful equity stakes in “Affiliates” while leaving them operationally autonomous. As of December 31, 2025, Affiliates managed approximately $813 billion across private markets, liquid alternatives, and differentiated long-only strategies.
Private markets assets were about $146 billion and liquid alternatives $227 billion, with the balance in equities, multi-asset, and fixed income. AMG’s model uses structured partnership interests to share in Affiliate revenues and, in some cases, expenses, creating exposure to market cycles, fee pressure, performance variability, and key-person risk.
At June 30, 2025, non‑affiliate equity market value was $5.44 billion, and there were 26.68 million common shares outstanding on February 12, 2026. AMG reports $2.7 billion of debt, significant intangibles of $4.2 billion, equity-method investments of $2.9 billion, and unfunded GP/seed commitments of $285 million, alongside substantial regulatory, reputational, and operational risk factors.