{ "crd_number": 167820, "slug": "cormorant-asset-management-lp-boston-ma-167820", "primary_business_name": "CORMORANT ASSET MANAGEMENT, LP", "legal_name": "CORMORANT ASSET MANAGEMENT, LP", "dbas": [], "city": "Boston", "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": "2014-04-15", "years_registered": 12, "period": "2026-10-01", "filing_date": "2026-05-27", "carried_forward": false, "raum_total": 3838575938.0, "raum_discretionary": 3838575938.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 12, "advisory_employees": 3, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "other": { "raum": 8718718.0, "count": 1, "description": "SMA", "fewer_than_5": true }, "pooled_investment_vehicles": { "raum": 3829857220.0, "count": 15 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "MA" ], "websites": [ "https://cormorant-asset.com", "https://linkedin.com/company/cormorant-asset-management" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/167820", "city_as_filed": "BOSTON", "url": "https://advisorcensus.com/firm/cormorant-asset-management-lp-boston-ma-167820", "display_name": "Cormorant Asset Management, LP", "summary": "Cormorant Asset Management, LP is an SEC-registered investment advisory firm in Boston, MA, registered since 2014, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 27, 2026.", "citation": "AdvisorCensus. Cormorant Asset Management, LP (CRD 167820): 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)" ], "quick_answers": [ { "q": "How is Cormorant Asset Management, LP compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Cormorant Asset Management, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is Cormorant Asset Management, LP located?", "a": "Cormorant Asset Management, LP's principal office is in Boston, MA, according to its Form ADV." }, { "q": "Is Cormorant Asset Management, LP registered with the SEC or a state?", "a": "Cormorant Asset Management, LP is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 167820." }, { "q": "How much does Cormorant Asset Management, LP manage?", "a": "Cormorant Asset Management, LP reports $3,838,575,938 in regulatory assets under management in its Form ADV filing dated May 27, 2026 (100% discretionary)." }, { "q": "How have Cormorant Asset Management, LP's assets and staff changed since 2021?", "a": "In the Form ADV data for Cormorant Asset Management, LP: Regulatory assets under management: $5,438,613,250 in the October 2021 data and $3,838,575,938 in the October 2026 data, down 29%. Total employees: 9 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Cormorant Asset Management, LP serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (15); other (1)." }, { "q": "Which custodians does Cormorant Asset Management, LP use?", "a": "Cormorant Asset Management, LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Morgan Stanley & Co. LLC as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Cormorant Asset Management, LP 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/167820" } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 5438613250.0, "total_employees": 9, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 3392023000.0, "total_employees": 14, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 3117053633.0, "total_employees": 13, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 4022479936.0, "total_employees": 14, "filing_date": "2024-05-22" }, { "period": "2025-10-01", "regulatory_assets_under_management": 3858641023.0, "total_employees": 12, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 3838575938.0, "total_employees": 12, "filing_date": "2026-05-27" } ], "recent_changes": [], "fees_from_brochure": null, "custodians": [ { "name": "Morgan Stanley & Co. LLC", "name_as_filed": "MORGAN STANLEY & CO. LLC", "affiliated": false } ], "custodians_note": "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.", "markdown_url": "https://advisorcensus.com/firm/cormorant-asset-management-lp-boston-ma-167820.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 15, "fewer_than_5": false, "raum": 3829857220.0 }, { "type": "other", "label": "Other", "count": 1, "fewer_than_5": true, "raum": 8718718.0 } ], "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/167820", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }