# Cornwall Capital Management LP

> Cornwall Capital Management LP is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 161451
- Filed as: CORNWALL CAPITAL MANAGEMENT LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/161451
- AdvisorCensus page: https://advisorcensus.com/firm/cornwall-capital-management-lp-new-york-ny-161451

## Quick answers

**How is Cornwall Capital Management LP compensated?**
On its Form ADV (Item 5.E, October 2026), Cornwall Capital Management LP 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 Cornwall Capital Management LP located?**
Cornwall Capital Management LP's principal office is in New York, NY, according to its Form ADV.

**Is Cornwall Capital Management LP registered with the SEC or a state?**
Cornwall Capital Management LP is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161451.

**How much does Cornwall Capital Management LP manage?**
Cornwall Capital Management LP reports $101,753,039 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary).

**How have Cornwall Capital Management LP's assets and staff changed since 2021?**
In the Form ADV data for Cornwall Capital Management LP: Regulatory assets under management: $177,260,546 in the October 2021 data and $101,753,039 in the October 2026 data, down 43%. Total employees: 9 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Cornwall Capital Management LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does Cornwall Capital Management LP 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/161451

**What changed in Cornwall Capital Management LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 5 to 4. Regulatory assets under management went from $132,660,460 to $101,753,039 (-23%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $101,753,039
- Discretionary: $101,753,039
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $101,753,039 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 6 total, 4 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [cornwallcapital.com](https://cornwallcapital.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $177,260,546 | 9 | February 15, 2021 |
| October 2022 | $262,192,591 | 9 | September 22, 2022 |
| October 2023 | $300,928,863 | 8 | March 29, 2023 |
| October 2024 | $164,010,923 | 8 | March 13, 2024 |
| October 2025 | $132,660,460 | 8 | March 25, 2025 |
| October 2026 | $101,753,039 | 6 | March 26, 2026 |

Regulatory assets under management: $177,260,546 in the October 2021 data and $101,753,039 in the October 2026 data, down 43%.
Total employees: 9 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 5 to 4.
- Regulatory assets under management went from $132,660,460 to $101,753,039 (-23%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Cornwall Capital Management LP (CRD 161451): Form ADV filing data as of October 2026.