{
  "crd_number": 118156,
  "slug": "carlson-capital-l-p-dallas-tx-118156",
  "primary_business_name": "CARLSON CAPITAL, L.P.",
  "legal_name": "CARLSON CAPITAL, L.P.",
  "dbas": [],
  "city": "Dallas",
  "state": "TX",
  "country": "United States",
  "cbsa_code": "19100",
  "metro": {
    "cbsa_code": "19100",
    "common_name": "Dallas",
    "msa_name": "Dallas-Fort Worth-Arlington, TX",
    "path": "/advisors/tx/dallas"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2001-12-11",
  "years_registered": 24,
  "period": "2026-10-01",
  "filing_date": "2026-08-06",
  "carried_forward": false,
  "raum_total": 529898523.0,
  "raum_discretionary": 529898523.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 26,
  "advisory_employees": 10,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 529898523.0,
      "count": 14
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [
    "NY",
    "TX"
  ],
  "websites": [
    "https://carlsoncapital.com",
    "https://linkedin.com/COMPANY/CARLSON-CAPITAL-L.P."
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/118156",
  "disclosure_items": [
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    }
  ],
  "city_as_filed": "DALLAS",
  "url": "https://advisorcensus.com/firm/carlson-capital-l-p-dallas-tx-118156",
  "display_name": "Carlson Capital, L.P.",
  "summary": "Carlson Capital, L.P. is an SEC-registered investment advisory firm in Dallas, TX, registered since 2001, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated August 6, 2026.",
  "citation": "AdvisorCensus. Carlson Capital, L.P. (CRD 118156): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Carlson Capital, L.P. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Carlson 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."
    },
    {
      "q": "Where is Carlson Capital, L.P. located?",
      "a": "Carlson Capital, L.P.'s principal office is in Dallas, TX, according to its Form ADV."
    },
    {
      "q": "Is Carlson Capital, L.P. registered with the SEC or a state?",
      "a": "Carlson Capital, L.P. is an SEC-registered investment advisory firm, registered since 2001. Status as filed: Approved. CRD 118156."
    },
    {
      "q": "How much does Carlson Capital, L.P. manage?",
      "a": "Carlson Capital, L.P. reports $529,898,523 in regulatory assets under management in its Form ADV filing dated August 6, 2026 (100% discretionary)."
    },
    {
      "q": "How have Carlson Capital, L.P.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Carlson Capital, L.P.: Regulatory assets under management: $7,700,525,210 in the October 2021 data and $529,898,523 in the October 2026 data, down 93%. Total employees: 95 in October 2021 and 26 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Carlson Capital, L.P. serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (14)."
    },
    {
      "q": "Does Carlson Capital, L.P. report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/118156"
    },
    {
      "q": "What changed in Carlson Capital, L.P.'s recent Form ADV filings?",
      "a": "In the September 2026 filing data: Regulatory assets under management went from $597,169,590 to $529,898,523 (-11%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 7700525210.0,
      "total_employees": 95,
      "filing_date": "2021-09-22"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 5356823255.0,
      "total_employees": 75,
      "filing_date": "2022-08-26"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 2100843314.0,
      "total_employees": 51,
      "filing_date": "2023-09-01"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 2024075403.0,
      "total_employees": 56,
      "filing_date": "2024-07-09"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 266191954.0,
      "total_employees": 25,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 529898523.0,
      "total_employees": 26,
      "filing_date": "2026-08-06"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Regulatory assets under management went from $597,169,590 to $529,898,523 (-11%)."
      ]
    },
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Regulatory assets under management went from $429,284,735 to $597,169,590 (+39%)."
      ]
    },
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Regulatory assets under management went from $343,843,879 to $429,284,735 (+25%)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $292,759,297 to $343,843,879 (+17%)."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Employees performing advisory functions went from 9 to 10.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/carlson-capital-l-p-dallas-tx-118156.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 14,
      "fewer_than_5": false,
      "raum": 529898523.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/118156",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}