# Engine Capital Management, LP

> Engine Capital Management, LP is an SEC-registered investment advisory firm in New York, NY, registered since 2016, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 5, 2026.

- CRD: 168315
- Filed as: ENGINE CAPITAL MANAGEMENT, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: May 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/168315
- AdvisorCensus page: https://advisorcensus.com/firm/engine-capital-management-lp-new-york-ny-168315

## Quick answers

**How is Engine Capital Management, LP compensated?**
On its Form ADV (Item 5.E, October 2026), Engine Capital Management, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does Engine Capital Management, LP charge?**
Its Form ADV Part 2A brochure dated March 27, 2026 states: Asset-based fee: 1% to 1.75% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Engine Capital Management, LP located?**
Engine Capital Management, LP's principal office is in New York, NY, according to its Form ADV.

**Is Engine Capital Management, LP registered with the SEC or a state?**
Engine Capital Management, LP is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 168315.

**How much does Engine Capital Management, LP manage?**
Engine Capital Management, LP reports $1,725,498,840 in regulatory assets under management in its Form ADV filing dated May 5, 2026 (100% discretionary).

**How have Engine Capital Management, LP's assets and staff changed since 2021?**
In the Form ADV data for Engine Capital Management, LP: Regulatory assets under management: $369,807,896 in the October 2021 data and $1,725,498,840 in the October 2026 data, up 367%. Total employees: 5 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Engine 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) (8).

**Does Engine 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/168315

**What changed in Engine Capital Management, LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 3 to 4. Regulatory assets under management went from $1,552,438,040 to $1,725,498,840 (+11%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Asset-based fee: 1% to 1.75% a year (a range, as the brochure states it)

> Generally, Engine charges each Client an investment management fee (“ Management Fee”) based on the value of the Client’s assets under management at rates ranging from 1.0% to 1.75% per annum.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $1,725,498,840
- Discretionary: $1,725,498,840
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 8 | $1,725,498,840 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| 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 | 0 | $0 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2016 (10 years)
- Employees: 7 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- enginecap.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $369,807,896 | 5 | March 29, 2021 |
| October 2022 | $608,150,445 | 5 | March 15, 2022 |
| October 2023 | $898,790,886 | 5 | May 3, 2023 |
| October 2024 | $1,263,557,545 | 6 | March 26, 2024 |
| October 2025 | $1,552,438,040 | 6 | March 24, 2025 |
| October 2026 | $1,725,498,840 | 7 | May 5, 2026 |

Regulatory assets under management: $369,807,896 in the October 2021 data and $1,725,498,840 in the October 2026 data, up 367%.
Total employees: 5 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 3 to 4.
- Regulatory assets under management went from $1,552,438,040 to $1,725,498,840 (+11%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Engine Capital Management, LP (CRD 168315): Form ADV filing data as of October 2026.