MutualFundWire.com: Baird Returns to the Top With $2.6B
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Wednesday, March 25, 2026

Baird Returns to the Top With $2.6B


A Midwestern fund firm regained the inflows lead last month among midsized fund firms, according to the latest data from the folks at a publicly traded investment research firm.

This article draws from Morningstar Direct data on February 2026 mutual fund and ETF flows, excluding money-market funds and funds-of-funds. (Other asset management products, like collective trusts and separate accounts, are also not included.) More specifically, this article focuses on the 222 firms (up by 4 month-over-month from January 2026 and up by 12 year-over-year from February 2025) with between 10 and 99 long-term mutual funds or ETFs each.

Baird (including Strategas) pulled ahead again last month, thanks to an estimated $2.564 billion in net February 2026 inflows, up by $702 million M/M from January 2026 and up by $1.545 billion Y/Y from February 2025. Other big February 2026 inflows winners included:
  • Edward Jones' Bridge Builder, $2.55 billion (up by $609 million M/M, up by $1.578 billion Y/Y);
  • Neos, $1.968 billion (up by $105 million M/M, up by $1.378 billion Y/Y);
  • Graniteshares, $752 million (up by $1.106 billion M/M, up by $1.273 billion Y/Y); and
  • Alpha Architect and ETF Architect, $747 million (down by $47 million M/M, up by $391 million Y/Y).

    • Bridge Builder led the way over the last year, thanks to an estimated $17.534 billion in net trailing twelve months inflows as of February 28, 2026. Other big TTM inflows winners included: Neos, $15.206 billion; and Baird, $14.37 billion.

    On the flip side, Diamond Hill led the outflows pack for a second month in a row, thanks to an estimated $758 million in net February 2026 outflows, up by $69 million M/M from January 2026 and a $1.066-billion net flows drop Y/Y from February 2025. Other big February 2026 outflows sufferers included:
  • KraneShares, $657 million (a $1.203-billion net flows drop M/M, a $2.486-billion net flows drop Y/Y);
  • Polen Capital, $573 million (up by $418 million M/M, up by $432 million Y/Y);
  • GQG, $502 million (down by $132 million M/M, a $950-million nete flows drop Y/Y); and
  • Harbor, $496 million (down by $15 million M/M, down by $170 million Y/Y).

    • Pacer led the outflows pack over the last year, thanks to an estimated $9.235 billion in net TTM outflows as of February 28, 2026. Other big outflows sufferers included: Harbor, $5.514 billion; and Brown Advisory, $4.88 billion.

    Midsize fund firms brought in a combined $6.974 billion in net inflows in February 2026, down by $2.689 billion M/M but up by $1.687 billion Y/Y. As of February 28, 2026, per M*'s data, the 222 midsize fund firms had:
  • a combined $2.141 trillion in AUM (up by $82 billion M/M, up by $303 billion Y/Y),
  • across 6,476 ETFs and long-term mutual funds (up by 96 M/M, up by 564 Y/Y).
    • Those firms accounted for 28.5 percent of all fund firms, 14.8 percent of the industry's funds and ETFs, 5.8 percent of the industry's AUM, and 4.6 percent of overall industry inflows. 114 midsize firms (51.4 percent of them) brought in net inflows in February.

    As of February 28, 2026, midsize fund firms brought in $15.18 billion in net TTM inflows. That accounts for 1.6 percent of industry inflows, and 44.1 percent of midsize firms brought in inflows in that period.


    Printed from: MFWire.com/story.asp?s=72297

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