Laurion Capital Management: Platform Profile

Overview

Laurion Capital Management is a New York hedge-fund manager founded in 2005 by Ben Smith and Sheehan Maduraperuma. The firm describes a multidisciplinary approach that combines qualitative and quantitative perspectives and pursues opportunities across a range of asset classes.

Current strategy descriptions include relative-value, macro and multi-strategy trading across equities, fixed income, commodities, foreign exchange and derivatives.

May fit better for

• qualified investors seeking multi-strategy hedge-fund exposure;
• allocators interested in qualitative and quantitative integration;
• investors comfortable with relative-value and macro trading;
• investors able to evaluate derivatives and option exposures;
• investors seeking diversified cross-asset trading.

May fit less well for

• retail users seeking public self-service access;
• investors wanting a simple long-only equity portfolio;
• users who treat an option-heavy 13F as economic NAV;
• investors who assume 13F value captures cross-asset derivatives or shorts.

Laurion is SEC registered

• Legal adviser: Laurion Capital Management LP
• CRD: 161278
• SEC number: 801-73253
• SEC registration effective: 2012-02-24
• SEC registered investment adviser: Yes

Current regulatory AUM is $6.764B

Current March 27, 2026 Form-ADV-derived data:

• Regulatory AUM: $6.764B
• Regulatory AUM exact: $6,764,043,000
• Regulatory AUM as of: 2026-03-27
• Discretionary AUM: $6.764B
• Account count: 3
• Employees: 59

Current private-fund GAV is $14.1B

Current Form-ADV-derived data:

• Private fund count: 6
• Private fund gross assets: $14.1B
• Private fund type: Hedge Fund

The large gap is consistent with gross exposure, leverage and master/feeder structures. Do not treat GAV as investor net assets.

Q2 2026 13F value is $3.899B

Official filing summary:

• Q2 2026 13F value: $3.899B
• Q2 2026 13F exact value: $3,898,679,350
• Q2 2026 13F as of: 2026-06-30
• Q2 2026 13F entry count: 420
• Q2 2026 13F filing ID: 0001390202-26-000016

Option reporting is a major interpretation issue

Q2 filing processors identify substantial put/call positions reported at underlying notional value.

First-party strategy is multidisciplinary

Current first-party website:

• Qualitative research: Yes
• Quantitative research: Yes
• Multi asset: Yes
• Multidisciplinary: Yes
• Relative value: Yes
• Macro: Yes

Industry/regulatory strategy descriptions also identify trading across:

• Global equities: Yes
• Fixed income: Yes
• Commodities: Yes
• Foreign exchange: Yes
• Derivatives: Yes
• Single asset trades: Yes
• Cross asset trades: Yes

Founding partners

• Founded: 2005-09
• Founding partner 1: Ben Smith
• Founding partner 2: Sheehan Maduraperuma
• Partner: Zhe (Jerry) Zhou

Assessment

Laurion's asset measures are deliberately different: $6.764B RAUM, $14.1B private-fund GAV and $3.899B of Q2 reportable securities. The option-heavy 13F is particularly unsuitable as a substitute for NAV or total firm AUM.