# Cooke & Bieler, L.P.

> Cooke & Bieler, L.P. is an SEC-registered investment advisory firm in Philadelphia, PA, registered since 2001, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 113859
- Filed as: COOKE & BIELER, L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Philadelphia, PA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/113859
- AdvisorCensus page: https://advisorcensus.com/firm/cooke-and-bieler-l-p-philadelphia-pa-113859

## Quick answers

**How is Cooke & Bieler, L.P. compensated?**
On its Form ADV (Item 5.E, October 2026), Cooke & Bieler, 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.

**Where is Cooke & Bieler, L.P. located?**
Cooke & Bieler, L.P.'s principal office is in Philadelphia, PA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Cooke & Bieler, L.P. registered with the SEC or a state?**
Cooke & Bieler, L.P. is an SEC-registered investment advisory firm, registered since 2001. Status as filed: Approved. CRD 113859.

**How much does Cooke & Bieler, L.P. manage?**
Cooke & Bieler, L.P. reports $10,559,152,509 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (83% discretionary).

**How have Cooke & Bieler, L.P.'s assets and staff changed since 2021?**
In the Form ADV data for Cooke & Bieler, L.P.: Regulatory assets under management: $9,540,757,030 in the October 2021 data and $10,559,152,509 in the October 2026 data, up 11%. Total employees: 34 in October 2021 and 32 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Cooke & Bieler, L.P. serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (86); charitable organizations (37); state or municipal government entities (including government pension plans) (25).

**Which custodians does Cooke & Bieler, L.P. use?**
Cooke & Bieler, L.P.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists HSBC Trinkaus, Northern Trust Company and State Street Investment Services as custodians holding 10% or more of its separately managed account assets.

**Does Cooke & Bieler, L.P. 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/113859

**What changed in Cooke & Bieler, L.P.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 13 to 14. Registered or notice-filed in OH. 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

### Custodians (Schedule D, Section 5.K(3))
- HSBC Trinkaus
- Northern Trust Company
- State Street Investment Services

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $10,559,152,509
- Discretionary: $8,808,005,685
- Non-discretionary: $1,751,146,824

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 24 | $11,732,125 |
| High net worth individuals | 86 | $412,958,517 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 3 | $2,970,111,312 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $263,753,167 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 20 | $1,063,819,850 |
| Charitable organizations | 37 | $507,614,497 |
| State or municipal government entities (including government pension plans) | 25 | $5,113,940,816 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 10 | $215,222,225 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2001 (25 years)
- Employees: 32 total, 14 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: FL, MA, NC, NY, OH, PA, TN, VA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Charlotte, NC

### Websites listed on Form ADV (Item 1.I)
- cooke-bieler.com
- LinkedIn @COOKE-&-BIELER-L-P-

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $9,540,757,030 | 34 | March 30, 2021 |
| October 2022 | $11,942,614,356 | 33 | March 31, 2022 |
| October 2023 | $10,678,093,006 | 30 | March 31, 2023 |
| October 2024 | $11,834,756,269 | 30 | March 29, 2024 |
| October 2025 | $11,366,428,914 | 30 | March 28, 2025 |
| October 2026 | $10,559,152,509 | 32 | March 30, 2026 |

Regulatory assets under management: $9,540,757,030 in the October 2021 data and $10,559,152,509 in the October 2026 data, up 11%.
Total employees: 34 in October 2021 and 32 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 13 to 14.
- Registered or notice-filed in OH.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Cooke & Bieler, L.P. (CRD 113859): Form ADV filing data as of October 2026.