Hedge Fund - Select Equity Group

Established in 1998, Select Equity Group is a New York-based hedge fund manager founded by George Loening. The firm specializes in traditional long-only and long/short equity strategies, investing in high-quality companies across various geographies and market capitalizations. Select Equity Group is known for its research-intensive, disciplined approach to investing.

Robert J. Caruso has had a distinguished career, beginning in 1998 as Managing Director, Chief Financial Officer, and Treasurer at Robertson Stephens and Company. In 2002, he moved to Highbridge Capital Management, where he served as Managing Partner and Chief Operating Officer. Caruso joined Select Equity Group in 2008 as President and Principal. In 2010, he founded The Kantian Group and The Kantian Foundation, taking on the roles of Founder and Managing Partner and Founder, respectively. His leadership continued as he became a Member of the Board of Trustees and President of the Board of Trustees at McCarter Theatre Center in 2011. Caruso also founded The Impact Republic Company in 2013, serving as Founder and Chairman, and later founded Human Elevation and Impact Republic in 2017, where he held the positions of Founder and Executive Chairman and Founder, respectively. Mr. Caruso holds a Bachelor of Science degree from Saint Joseph's University, obtained between 1987 and 1991.

Select Equity Group manages a hedge fund with 1,017 clients and discretionary assets under management (AUM) of $46,642,934,611 (Form ADV from 2024-03-28). Their last reported 13F filing for Q1 2024 included $28,278,568,415 in managed 13F securities and a top 10 holdings concentration of 39.99%. The firm's largest holding is Martin Marietta Materials Inc., with 2,265,279 shares.