{
  "crd_number": 157140,
  "slug": "constellation-asset-management-sao-paulo-157140",
  "primary_business_name": "CONSTELLATION ASSET MANAGEMENT",
  "legal_name": "CONSTELLATION INVESTIMENTOS E PARTICIPAÇÕES LTDA",
  "dbas": [
    "CONSTELLATION ASSET MANAGEMENT"
  ],
  "city": "Sao Paulo",
  "state": null,
  "country": "Brazil",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2011-07-13",
  "years_registered": 15,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 526360108.0,
  "raum_discretionary": 526360108.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 24,
  "advisory_employees": 13,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 526360108.0,
      "count": 40
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://const.com.br",
    "https://constellation.com.br",
    "https://facebook.com/constellationasset",
    "https://linkedin.com/company/constellation-asset-management/mycompany"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/157140",
  "city_as_filed": "SAO PAULO",
  "url": "https://advisorcensus.com/firm/constellation-asset-management-sao-paulo-157140",
  "display_name": "Constellation Asset Management",
  "summary": "Constellation Asset Management is an SEC-registered investment advisory firm in Sao Paulo, Brazil, registered since 2011, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. Constellation Asset Management (CRD 157140): 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)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Constellation Asset Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Constellation Asset Management 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 Constellation Asset Management located?",
      "a": "Constellation Asset Management's principal office is in Sao Paulo, Brazil, according to its Form ADV."
    },
    {
      "q": "Is Constellation Asset Management registered with the SEC or a state?",
      "a": "Constellation Asset Management is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 157140."
    },
    {
      "q": "How much does Constellation Asset Management manage?",
      "a": "Constellation Asset Management reports $526,360,108 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)."
    },
    {
      "q": "How have Constellation Asset Management's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Constellation Asset Management: Regulatory assets under management: $3,277,460,230 in the October 2021 data and $526,360,108 in the October 2026 data, down 84%. Total employees: 22 in October 2021 and 24 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Constellation Asset Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (40)."
    },
    {
      "q": "Does Constellation Asset Management report any disciplinary disclosures?",
      "a": "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/157140"
    },
    {
      "q": "What changed in Constellation Asset Management's recent Form ADV filings?",
      "a": "In the April 2026 filing data: No longer lists the business name Constellation AM. Added the business name Constellation Asset Management. Regulatory assets under management went from $729,144,064 to $526,360,108 (-28%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 3277460230.0,
      "total_employees": 22,
      "filing_date": "2021-06-28"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 2156997770.0,
      "total_employees": 22,
      "filing_date": "2022-08-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1483404515.0,
      "total_employees": 29,
      "filing_date": "2023-03-27"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1431738659.0,
      "total_employees": 26,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 729144064.0,
      "total_employees": 26,
      "filing_date": "2025-03-25"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 526360108.0,
      "total_employees": 24,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "No longer lists the business name Constellation AM.",
        "Added the business name Constellation Asset Management.",
        "Regulatory assets under management went from $729,144,064 to $526,360,108 (-28%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/constellation-asset-management-sao-paulo-157140.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 40,
      "fewer_than_5": false,
      "raum": 526360108.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "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/157140",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}