{ "crd_number": 319678, "slug": "constitution-capital-pm-l-p-andover-ma-319678", "primary_business_name": "CONSTITUTION CAPITAL PM, L. P.", "legal_name": "CONSTITUTION CAPITAL PM, L. P.", "dbas": [], "city": "Andover", "state": "MA", "country": "United States", "cbsa_code": "14460", "metro": { "cbsa_code": "14460", "common_name": "Boston", "msa_name": "Boston-Cambridge-Newton, MA-NH", "path": "/advisors/ma/boston" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2022-06-23", "years_registered": 4, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 910776734.0, "raum_discretionary": 910776734.0, "raum_non_discretionary": 0.0, "raum_band": "500m_1b", "raum_band_label": "$500 million to $1 billion", "total_employees": 67, "advisory_employees": 24, "client_count_bucket": null, "clients_by_type": { "investment_companies": { "raum": 910776734.0, "count": 1 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_investment_companies" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [], "websites": [ "https://concp.com", "https://linkedin.com/company/constitution-capital-partners" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/319678", "city_as_filed": "ANDOVER", "url": "https://advisorcensus.com/firm/constitution-capital-pm-l-p-andover-ma-319678", "display_name": "Constitution Capital PM, L. P.", "summary": "Constitution Capital PM, L. P. is an SEC-registered investment advisory firm in Andover, MA, registered since 2022, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. Constitution Capital PM, L. P. (CRD 319678): 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 investment companies (and business development companies)" ], "quick_answers": [ { "q": "How is Constitution Capital PM, L. P. compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Constitution Capital PM, L. P. reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is Constitution Capital PM, L. P. located?", "a": "Constitution Capital PM, L. P.'s principal office is in Andover, MA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is Constitution Capital PM, L. P. registered with the SEC or a state?", "a": "Constitution Capital PM, L. P. is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 319678." }, { "q": "How much does Constitution Capital PM, L. P. manage?", "a": "Constitution Capital PM, L. P. reports $910,776,734 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)." }, { "q": "How have Constitution Capital PM, L. P.'s assets and staff changed since 2022?", "a": "In the Form ADV data for Constitution Capital PM, L. P.: Regulatory assets under management: $0 in the October 2022 data and $910,776,734 in the October 2026 data. Total employees: 44 in October 2022 and 67 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Constitution Capital PM, L. P. serve?", "a": "By number of clients on Form ADV Item 5.D: investment companies (1)." }, { "q": "Does Constitution Capital PM, L. P. 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/319678" }, { "q": "What changed in Constitution Capital PM, L. P.'s recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 26 to 24. Regulatory assets under management went from $709,658,952 to $910,776,734 (+28%). Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2022-10-01", "regulatory_assets_under_management": 0.0, "total_employees": 44, "filing_date": "2022-05-23" }, { "period": "2023-10-01", "regulatory_assets_under_management": 675665750.0, "total_employees": 52, "filing_date": "2023-03-30" }, { "period": "2024-10-01", "regulatory_assets_under_management": 672071176.0, "total_employees": 62, "filing_date": "2024-03-25" }, { "period": "2025-10-01", "regulatory_assets_under_management": 709658952.0, "total_employees": 72, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 910776734.0, "total_employees": 67, "filing_date": "2026-03-31" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 26 to 24.", "Regulatory assets under management went from $709,658,952 to $910,776,734 (+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/constitution-capital-pm-l-p-andover-ma-319678.md", "clients": [ { "type": "investment_companies", "label": "Investment companies", "count": 1, "fewer_than_5": false, "raum": 910776734.0 } ], "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/319678", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }