Bridgeway Capital Management, LLC (“Bridgeway”), headquartered in Houston, Texas since
1993, offers intelligently designed investment strategies primarily to institutions and clients of
financial advisors. Bridgeway is the investment adviser to Bridgeway Funds, Inc., an SEC-
registered investment company, and other clients.
Bridgeway offers discretionary portfolio management services to institutions, registered
investment companies (“mutual funds” or “funds”), exchange traded funds (“ETFs”), high net
worth individuals, pension and profit sharing plans, corporations, trusts, estates, charitable/non -
profit organizations, collective investment trusts, domestic and offshore private (unregistered)
investment companies (“private funds”), and government entities. Bridgeway believes that a
disciplined, statistical process – grounded in academic theory and fundamental data over long
periods of time – drives success in long-term investing. As such, Bridgeway applies a statistical,
evidence-based approach to money management across a wide range of equity categories. A team
of dedicated and talented staff oversee the development and maintenance of Bridgeway’s statistical
models which drive stock selection within each portfolio. All portfolios are constructed with the
goal of providing superior risk-adjusted returns over a complete market cycle. With the exception
of the Emerging Markets Small-Cap, Emerging Markets Opportunities and certain proprietary
account strategies, Bridgeway’s investment process also considers material environmental, social,
and governance (“ESG”) information,
when available, and Bridgeway became a signatory of the
United Nations Principles for Responsible Investment (“UN PRI”) in 2021.
While Bridgeway makes all investment decisions on clients’ behalf, Bridgeway does permit clients
to impose restrictions on investing in certain securities or other limitations as mutually agreed
upon. All accounts are subject to a written investment advisory agreement which describes our
discretionary authority, any investment limitations, investment objectives, fees and other matters.
Assets Under Management as of December 31, 2023
Discretionary: $ 4,332,319,498
Non-Discretionary: $0
Bridgeway is organized as a Delaware limited liability company and is privately owned and
independent. Bridgeway is a wholly-owned subsidiary of Bridgeway Investments, Inc. (formerly
known as BCM Scorp Holdco, Inc.), a Texas S Corporation. John Montgomery, Founder, Chief
Executive Officer, President and Co-Chief Investment Officer, holds a controlling ownership
interest in Bridgeway Investments, Inc. and non-controlling interests are held (either directly or
indirectly) by other Bridgeway Partners (through the Partner Stock Ownership Plan, a limited
liability company, and other equity plans), a special purpose trust, and other parties related to John
Montgomery. Bridgeway’s ownership succession plan is designed to keep the firm private and
independent into perpetuity. This plan is designed to provide stability and continuity for clients,
colleagues and community objectives with management control remaining in the hands of
contemporaneous partners.