# Acorn Advisory Capital, L.P.

> Acorn Advisory Capital, L.P. is an SEC-registered investment advisory firm in New York, NY, registered since 2005, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 19, 2026.

- CRD: 133040
- Filed as: ACORN ADVISORY CAPITAL, L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 19, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/133040
- AdvisorCensus page: https://advisorcensus.com/firm/acorn-advisory-capital-l-p-new-york-ny-133040

## Quick answers

**How is Acorn Advisory Capital, L.P. compensated?**
On its Form ADV (Item 5.E, October 2026), Acorn Advisory Capital, L.P. reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Acorn Advisory Capital, L.P. located?**
Acorn Advisory Capital, L.P.'s principal office is in New York, NY, according to its Form ADV.

**Is Acorn Advisory Capital, L.P. registered with the SEC or a state?**
Acorn Advisory Capital, L.P. is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 133040.

**How much does Acorn Advisory Capital, L.P. manage?**
Acorn Advisory Capital, L.P. reports $2,962,177,248 in regulatory assets under management in its Form ADV filing dated March 19, 2026 (63% discretionary).

**How have Acorn Advisory Capital, L.P.'s assets and staff changed since 2021?**
In the Form ADV data for Acorn Advisory Capital, L.P.: Regulatory assets under management: $3,084,316,885 in the October 2021 data and $2,962,177,248 in the October 2026 data, down 4%. Total employees: 21 in October 2021 and 22 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Acorn Advisory Capital, L.P. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4); insurance companies (2); high net worth individuals (1).

**Which custodians does Acorn Advisory Capital, L.P. use?**
Acorn Advisory Capital, L.P.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon as a custodian holding 10% or more of its separately managed account assets.

**Does Acorn Advisory Capital, L.P. report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/133040

**What changed in Acorn Advisory Capital, L.P.'s recent Form ADV filings?**
In the April 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $2,962,177,248
- Discretionary: $1,870,830,658
- Non-discretionary: $1,091,346,590

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 1 | $5,474,863 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $930,452,324 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 2 | $2,026,250,061 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2005 (21 years)
- Employees: 22 total, 11 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- LinkedIn @acorn-advisory-capital-lp

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,084,316,885 | 21 | July 21, 2021 |
| October 2022 | $3,319,990,725 | 25 | March 24, 2022 |
| October 2023 | $2,350,249,822 | 22 | March 22, 2023 |
| October 2024 | $2,403,901,545 | 22 | March 19, 2024 |
| October 2025 | $2,940,342,593 | 22 | March 10, 2025 |
| October 2026 | $2,962,177,248 | 22 | March 19, 2026 |

Regulatory assets under management: $3,084,316,885 in the October 2021 data and $2,962,177,248 in the October 2026 data, down 4%.
Total employees: 21 in October 2021 and 22 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Acorn Advisory Capital, L.P. (CRD 133040): Form ADV filing data as of October 2026.