# Cello Capital Management, LP

> Cello Capital Management, LP is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated June 1, 2026.

- CRD: 160398
- Filed as: CELLO CAPITAL MANAGEMENT, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: June 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/160398
- AdvisorCensus page: https://advisorcensus.com/firm/cello-capital-management-lp-new-york-ny-160398

## Quick answers

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

**Where is Cello Capital Management, LP located?**
Cello Capital Management, LP's principal office is in New York, NY, according to its Form ADV.

**Is Cello Capital Management, LP registered with the SEC or a state?**
Cello Capital Management, LP is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160398.

**How much does Cello Capital Management, LP manage?**
Cello Capital Management, LP reports $577,222,671 in regulatory assets under management in its Form ADV filing dated June 1, 2026 (100% discretionary).

**How have Cello Capital Management, LP's assets and staff changed since 2021?**
In the Form ADV data for Cello Capital Management, LP: Regulatory assets under management: $295,401,227 in the October 2021 data and $577,222,671 in the October 2026 data, up 95%. Total employees: 17 in October 2021 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Cello Capital Management, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).

**Does Cello Capital Management, LP report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.H(1)(c) (regulator's civil action dismissed under a settlement). 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/160398

**Does Cello Capital Management, LP state an account minimum?**
Its Form ADV Part 2A brochure dated April 1, 2026 says: "The minimum commitment for an investor is $3 million; however, Cello Capital maintains discretion to accept less than the minimum investment threshold."

**What changed in Cello Capital Management, LP's recent Form ADV filings?**
In the July 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

### Fees and minimums (Form ADV Part 2A brochure dated April 1, 2026)

- Account minimum: $3,000,000 (the brochure says it may be waived or negotiated)

> The minimum commitment for an investor is $3 million; however, Cello Capital maintains discretion to accept less than the minimum investment threshold.

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

### Regulatory assets under management (Item 5.F)
- Total: $577,222,671
- Discretionary: $577,222,671
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $577,222,671 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 15 total, 4 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.H(1)(c): Has a domestic or foreign court ever dismissed, under a settlement agreement, an investment-related civil action brought against the firm or an advisory affiliate by a state or foreign financial regulator?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/160398

### Websites listed on Form ADV (Item 1.I)
- cellocapital.com
- LinkedIn @cello-capital-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $295,401,227 | 17 | March 31, 2021 |
| October 2022 | $374,071,761 | 15 | March 30, 2022 |
| October 2023 | $480,391,438 | 15 | March 30, 2023 |
| October 2024 | $866,492,874 | 16 | March 28, 2024 |
| October 2025 | $899,315,507 | 15 | March 27, 2025 |
| October 2026 | $577,222,671 | 15 | June 1, 2026 |

Regulatory assets under management: $295,401,227 in the October 2021 data and $577,222,671 in the October 2026 data, up 95%.
Total employees: 17 in October 2021 and 15 in October 2026.

## Changes in the filing (last 12 months)

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

### April 2026
- Regulatory assets under management went from $899,315,507 to $577,222,671 (-36%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Cello Capital Management, LP (CRD 160398): Form ADV filing data as of October 2026.