Wasatch Investment Fund Manager, LLC

Wasatch Investment Fund Manager, LLC

Wasatch Investment Fund Manager, LLC was founded in 1975, originally as a small-cap equity manager, and launched its first mutual fund, Wasatch Core Growth Fund, in 1986. The firm is headquartered in Salt Lake City, Utah, and operates primarily as an RIA and mutual fund manager. Its wealth origin is not tied to a single family fortune; rather, the firm was built by its founding partners and has grown organically through investment performance and asset accumulation from retail and institutional clients. The firm's strategy centers on bottom-up, fundamental research with a GARP bias. Wasatch typically invests in small-cap, micro-cap, and mid-cap growth companies across sectors such as technology, healthcare, consumer discretionary, and industrials. Portfolio holdings are concentrated, often 40 to 60 stocks per fund, with significant active share. The firm does not engage in direct private investments or co-investments, instead focusing exclusively on public equities through its mutual fund vehicles. Geographically, the vast majority of investments are U.S.-based, though some funds have exposure to international markets. Wasatch Investment Fund Manager has grown its assets under management to approximately $9 billion as of 2024 (per Morningstar, 2024). The firm employs a team of about 40 professionals, including analysts and portfolio managers. It does not have additional offices outside of Salt Lake City. There are no known philanthropic foundations or operating companies directly under the Wasatch umbrella, though the firm's founders and key personnel may engage in charitable activities independently. In 2024, the firm continued to manage its suite of mutual funds, with no major operational changes publicly reported. The structural differentiator for Wasatch is its status as a publicly accessible mutual fund manager rather than a private family office or institutional-only asset manager. This means its investment decisions, performance, and holdings are transparently reported to regulatory bodies and the public. The firm's concentrated, research-driven approach to small-cap investing creates a distinct investing style from larger, more diversified managers.