# Aterian Investment Management, LP

> Aterian Investment Management, LP is an SEC-registered investment advisory firm in New York, NY, registered since 2014, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 169302
- Filed as: ATERIAN INVESTMENT MANAGEMENT, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/169302
- AdvisorCensus page: https://advisorcensus.com/firm/aterian-investment-management-lp-new-york-ny-169302

## Quick answers

**How is Aterian Investment Management, LP compensated?**
On its Form ADV (Item 5.E, October 2026), Aterian Investment Management, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Aterian Investment Management, LP located?**
Aterian Investment Management, LP's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Aterian Investment Management, LP registered with the SEC or a state?**
Aterian Investment Management, LP is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 169302.

**How much does Aterian Investment Management, LP manage?**
Aterian Investment Management, LP reports $1,667,827,681 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Aterian Investment Management, LP's assets and staff changed since 2021?**
In the Form ADV data for Aterian Investment Management, LP: Regulatory assets under management: $1,092,276,987 in the October 2021 data and $1,667,827,681 in the October 2026 data, up 53%. Total employees: 18 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 Aterian Investment Management, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7).

**Does Aterian Investment Management, LP 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/169302

**Does Aterian Investment Management, LP state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "The Funds generally have a minimum investment amount of $5 million for third-party investors. Generally, investors must be “accredited investors” as defined under Regulation D of the Securities Act of 1933, and may also be required to be either “qualified purchasers” or “knowledgeable employees” as defined under the Investment Company Act. Aterian generally is permitted to waive such minimum investment amounts and qualification requirements."

**What changed in Aterian Investment Management, LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 16 to 17. Regulatory assets under management went from $1,980,225,074 to $1,667,827,681 (-16%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)

> The Funds generally have a minimum investment amount of $5 million for third-party investors. Generally, investors must be “accredited investors” as defined under Regulation D of the Securities Act of 1933, and may also be required to be either “qualified purchasers” or “knowledgeable employees” as defined under the Investment Company Act. Aterian generally is permitted to waive such minimum investment amounts and qualification requirements.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $1,667,827,681
- Discretionary: $1,667,827,681
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $1,667,827,681 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2014 (12 years)
- Employees: 22 total, 17 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Miami, FL

### Websites listed on Form ADV (Item 1.I)
- aterianpartners.com
- LinkedIn @1352226

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,092,276,987 | 18 | March 31, 2021 |
| October 2022 | $2,034,014,944 | 23 | March 31, 2022 |
| October 2023 | $2,089,784,779 | 27 | March 31, 2023 |
| October 2024 | $2,190,548,925 | 29 | March 30, 2024 |
| October 2025 | $1,980,225,074 | 21 | March 28, 2025 |
| October 2026 | $1,667,827,681 | 22 | March 31, 2026 |

Regulatory assets under management: $1,092,276,987 in the October 2021 data and $1,667,827,681 in the October 2026 data, up 53%.
Total employees: 18 in October 2021 and 22 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 16 to 17.
- Regulatory assets under management went from $1,980,225,074 to $1,667,827,681 (-16%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Aterian Investment Management, LP (CRD 169302): Form ADV filing data as of October 2026.