> ## Documentation Index
> Fetch the complete documentation index at: https://docs.focusalpha.ai/llms.txt
> Use this file to discover all available pages before exploring further.

# Screen Advisers by Strategy and Style

> Filter advisers by what they run (investment strategy) and how they invest (approach, analysis basis, equity styles, value/growth bucket, cap focus, horizon, use of shorting/leverage/derivatives) — declared in the brochure, crossed with the 13F-revealed style tier.

Screening advisers by strategy and style works on two evidence layers that this screen deliberately keeps apart: what the firm's ADV Part 2A brochure **says** about how it invests, and what its 13F book **shows**. Crossing the two — a brochure that declares value against a book that holds growth — is a screen that exists nowhere else.

<Info>
  **Plan:** Fund · **Credits:** 1 per call; screen facets are free
</Info>

## What the Firm Runs

<ParamField query="investment_strategy" type="string">
  Comma-separated; matches ANY. The vocabulary spans hedge-fund strategies (`long_short`, `global_macro`, `event_driven`, `merger_arbitrage`, `convertible_arbitrage`, `market_neutral`, `distressed`, `activist`, `multi_strategy`), private markets (`private_equity`, `venture_capital`, `private_credit`, `co_investment`, `secondaries`, `litigation_finance`), allocation (`asset_allocation`, `strategic_asset_allocation`, `tactical_asset_allocation`, `manager_selection`, `liability_driven`, `target_date_glide_path`), and long-only styles (`long_only`, `quantitative`, `index_passive`, `smart_beta`, `credit`, `real_assets`, `options_overlay`, `thematic`). This is not the style axis: a quant arb shop reads `quantitative` on analysis basis while its strategies name the arbitrages.
</ParamField>

## How the Firm Invests — Declared in the Brochure

<ParamField query="analysis_basis" type="string">
  `fundamental` / `quantitative` / `technical` / `mixed` / `unclear`. The **populated** axis for the quant-versus-fundamental cut.
</ParamField>

<ParamField query="equity_styles" type="string">
  `value` / `growth` / `garp` / `blend_core` / `quality` / `income_dividend` / `index_passive` / `other`.
</ParamField>

<ParamField query="declared_vg_bucket" type="string">
  The brochure's **own** value/growth bucket: `deep_growth` / `growth_biased` / `blend` / `value_biased` / `deep_value` / `unclear` / `not_applicable`.
</ParamField>

<ParamField query="market_cap_focus" type="string">
  `large_cap` / `mid_cap` / `small_cap` / `micro_cap` / `all_cap` — where the brochure names one; most name none.
</ParamField>

<ParamField query="investment_horizon" type="string">
  `short` / `medium` / `long` / `mixed` / `unclear`.
</ParamField>

<ParamField query="uses_short_selling" type="boolean">
  `true` matches only firms whose brochure **says so** — it never matches silence. The same rule holds for `uses_leverage`, `uses_derivatives`, `uses_options`, `uses_esg`.
</ParamField>

## Two Axes Are Almost Always Silent

`implementation_style` (`systematic_rules_based` / `discretionary` / `hybrid`) is `unclear` on the overwhelming majority of brochures, and `management_approach` (`active` / `passive`) on most. Filtering `implementation_style=discretionary` returns the few brochures that used the word — not the discretionary managers; in ADV, "discretionary" usually means delegated trading **authority**, a Part 1 fact, not a style. Treat these two as evidence when present and as nothing when absent; use `analysis_basis` for the quant/fundamental cut.

## What the Book Shows — the Revealed Style

<ParamField query="style_tier" type="string">
  The 13F-revealed tier, computed from the firm's own holdings — Title Case, spelled exactly: `Deep Growth`, `Growth-Biased`, `Blend / Core`, `Value-Biased`, `Deep Value`. 13F filers only; null means the firm files no 13F, not that its style is unknown.
</ParamField>

**The declared-versus-revealed cross**: `declared_vg_bucket=value_biased` with `style_tier=Growth-Biased,Deep Growth` finds managers whose portfolio contradicts their own marketing. The facets `totals.with_both` says how many firms that cross can reach at all — report it alongside the hits. `has_style=true` restricts to firms with a style row.

## Silence Is Not No

The brochure tags are conservative — set only where the brochure states the thing in so many words. `unclear`, a null flag and an empty tag list all mean **the brochure does not say**, never that the firm does not do it. The facets response counts the silence per axis (`brochure_silent_on_*`).

## Related Screens

[By firm type](/screening/advisers/by-firm-type) · [By products and scale](/screening/advisers/by-products-and-scale) · [ADV brochure data](/advisers/adv-brochure) · [13F holdings](/ownership/13f) · [Adviser screening overview](/advisers/screening)

<RequestExample>
  ```bash cURL theme={null}
  curl "https://api.focusalpha.ai/v1/institutions/screen?primary_type=asset_manager&declared_vg_bucket=value_biased&style_tier=Growth-Biased,Deep%20Growth&has_brochure=true" \
    -H "Authorization: Bearer $FOCUSALPHA_API_KEY"
  ```
</RequestExample>

<ResponseExample>
  ```json Response (fields trimmed) theme={null}
  {
    "data": [
      {
        "crd": "142463",
        "legal_name": "METLIFE INVESTMENT MANAGEMENT, LLC",
        "primary_type": "asset_manager",
        "investment_strategy": [
          "long_only"
        ],
        "analysis_basis": "fundamental",
        "equity_styles": [
          "value",
          "growth"
        ],
        "declared_vg_bucket": "value_biased",
        "market_cap_focus": [
          "small_cap"
        ],
        "investment_horizon": "long",
        "declared_style_summary": "MIM Equity is the equity investment management unit of MetLife Investment Management, offering discretionary U.S. equity strategies (Small Cap Value, SMID Cap Value, Small Cap Core) through separately managed accounts, RICs, and CITs.",
        "vg_score": 0.78,
        "style_tier": "Growth-Biased",
        "style_report_period": "2026-03-31"
      }
    ]
  }
  ```
</ResponseExample>