# Ceres Partners, LLC

> Ceres Partners, LLC is an SEC-registered investment advisory firm in South Bend, IN, registered since 2018, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 30, 2026.

- CRD: 290937
- Filed as: CERES PARTNERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: South Bend, IN
- Filing period: October 2026
- Form ADV filing dated: April 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/290937
- AdvisorCensus page: https://advisorcensus.com/firm/ceres-partners-llc-south-bend-in-290937

## Quick answers

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

**How much does Ceres Partners, LLC charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Up to $1,000,000: 2% a year; Above $1,000,000: 1% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Ceres Partners, LLC located?**
Ceres Partners, LLC's principal office is in South Bend, IN, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Ceres Partners, LLC registered with the SEC or a state?**
Ceres Partners, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 290937.

**How much does Ceres Partners, LLC manage?**
Ceres Partners, LLC reports $1,955,021,758 in regulatory assets under management in its Form ADV filing dated April 30, 2026 (100% discretionary).

**How have Ceres Partners, LLC's assets and staff changed since 2021?**
In the Form ADV data for Ceres Partners, LLC: Regulatory assets under management: $173,017,000 in the October 2021 data and $1,955,021,758 in the October 2026 data, up 1030%. Total employees: 21 in October 2021 and 21 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Ceres Partners, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5).

**Does Ceres Partners, 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/290937

**What changed in Ceres Partners, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 14 to 16. Regulatory assets under management went from $1,764,679,001 to $1,955,021,758 (+11%). No longer lists an office in Chicago, IL. 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 March 31, 2026)

- Up to $1,000,000: 2% a year
- Above $1,000,000: 1% a year

> The management fees paid by the Funds are generally equal to an annual rate of 1.00% of each Member’s capital account balance if such balance exceeds $1 million and 2.00% of each Member’s capital account balance if such balance is less than $1 million.

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

### Regulatory assets under management (Item 5.F)
- Total: $1,955,021,758
- Discretionary: $1,955,021,758
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 5 | $1,955,021,758 |

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

### Firm details
- Registered since: 2018 (7 years)
- Employees: 21 total, 16 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IN, MA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Hingham, MA

### Websites listed on Form ADV (Item 1.I)
- cerespartners.com
- LinkedIn @ceres-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $173,017,000 | 21 | March 29, 2021 |
| October 2022 | $250,098,000 | 23 | March 22, 2022 |
| October 2023 | $1,549,184,975 | 21 | July 31, 2023 |
| October 2024 | $1,601,250,305 | 21 | May 3, 2024 |
| October 2025 | $1,764,679,001 | 22 | May 1, 2025 |
| October 2026 | $1,955,021,758 | 21 | April 30, 2026 |

Regulatory assets under management: $173,017,000 in the October 2021 data and $1,955,021,758 in the October 2026 data, up 1030%.
Total employees: 21 in October 2021 and 21 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 14 to 16.
- Regulatory assets under management went from $1,764,679,001 to $1,955,021,758 (+11%).
- No longer lists an office in Chicago, IL.
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Employees performing advisory functions went from 15 to 14.

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Ceres Partners, LLC (CRD 290937): Form ADV filing data as of October 2026.