MGR — what changed in the latest 10-Q
A section-by-section comparison of MGR's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-07 vs the prior 10-Q · 2026-05-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +119 | −57 | ~70 | 230 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 0 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 20 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings, Risk factors, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-07
increased $60.4 billion or 7%, and for the six months ended June 30, 2026, assets under management increased $129.1 billion
or 16%. These increases were driven by net client cash flows and market appreciation, and for the six months ended June 30,
2026, the increase was also due to the addition of assets associated with new Affiliate investments. We continue to see client
demand for alternative strategies; broad-based demand for our Affiliates’ liquid alternative and private markets strategies
generated strong net inflows in the quarter, while our Affiliates’ equity strategies experienced net outflows in line with trends
Text removed vs the prior filing · source: 10-Q · 2026-05-07
increased $68.7 billion or 8.4% driven by net client cash inflows and the addition of assets associated with new partnerships.
We continue to see client demand for alternative strategies with broad-based demand for our Affiliates’ liquid alternative and
private markets strategies generating strong net inflows in the quarter, while our equity strategies experienced net outflows in
line with trends across the industry. As we continue to execute our growth strategy by investing in new and existing Affiliates,
as well as in AMG’s strategic capabilities, we expect our business mix to further evolve, expanding our exposure to in-demand
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice