# BP Capital Fund Advisors, LLC

> BP Capital Fund Advisors, LLC is an SEC-registered investment advisory firm, registered since 2013, reporting under $25 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 168476
- Filed as: BP CAPITAL FUND ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/168476
- AdvisorCensus page: https://advisorcensus.com/firm/bp-capital-fund-advisors-llc-168476

## Quick answers

**How is BP Capital Fund Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), BP Capital Fund Advisors, LLC reports these compensation arrangements: a percentage of assets under its management.

**How much does BP Capital Fund Advisors, LLC charge?**
Its Form ADV Part 2A brochure dated March 27, 2026 states: Asset-based fee: 0.5% to 1.25% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Is BP Capital Fund Advisors, LLC registered with the SEC or a state?**
BP Capital Fund Advisors, LLC is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 168476.

**How much does BP Capital Fund Advisors, LLC manage?**
BP Capital Fund Advisors, LLC reports $20,000,000 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have BP Capital Fund Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for BP Capital Fund Advisors, LLC: Regulatory assets under management: $49,357,177 in the October 2021 data and $20,000,000 in the October 2026 data, down 59%. Total employees: 5 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**Which custodians does BP Capital Fund Advisors, LLC use?**
BP Capital Fund Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does BP Capital Fund Advisors, LLC 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/168476

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Asset-based fee: 0.5% to 1.25% a year (a range, as the brochure states it)

> Typically, a Separate Account client will pay management fees ranging from 0.50% to 1.25% annually.

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

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage Services LLC

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: $20,000,000
- Discretionary: $20,000,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | Fewer than 5 | $20,000,000 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2013 (13 years)
- Employees: 2 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $49,357,177 | 5 | April 1, 2021 |
| October 2022 | $69,006,620 | 4 | March 30, 2022 |
| October 2023 | $15,000,000 | 3 | March 31, 2023 |
| October 2024 | $15,048,000 | 2 | February 26, 2024 |
| October 2025 | $22,000,000 | 2 | March 31, 2025 |
| October 2026 | $20,000,000 | 2 | March 27, 2026 |

Regulatory assets under management: $49,357,177 in the October 2021 data and $20,000,000 in the October 2026 data, down 59%.
Total employees: 5 in October 2021 and 2 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. BP Capital Fund Advisors, LLC (CRD 168476): Form ADV filing data as of October 2026.