# Estuary Capital Management LP

> Estuary Capital Management LP is an SEC-registered investment advisory firm in Wayzata, MN, registered since 2022, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 24, 2026.

- CRD: 323379
- Filed as: ESTUARY CAPITAL MANAGEMENT LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Wayzata, MN
- Filing period: October 2026
- Form ADV filing dated: March 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/323379
- AdvisorCensus page: https://advisorcensus.com/firm/estuary-capital-management-lp-wayzata-mn-323379

## Quick answers

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

**Where is Estuary Capital Management LP located?**
Estuary Capital Management LP's principal office is in Wayzata, MN, according to its Form ADV.

**Is Estuary Capital Management LP registered with the SEC or a state?**
Estuary Capital Management LP is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 323379.

**How much does Estuary Capital Management LP manage?**
Estuary Capital Management LP reports $853,863,466 in regulatory assets under management in its Form ADV filing dated March 24, 2026 (100% discretionary).

**How have Estuary Capital Management LP's assets and staff changed since 2023?**
In the Form ADV data for Estuary Capital Management LP: Regulatory assets under management: $236,693,000 in the October 2023 data and $853,863,466 in the October 2026 data, up 261%. Total employees: 15 in October 2023 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Estuary 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) (3).

**Does Estuary 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/323379

**What changed in Estuary Capital Management LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 10 to 13.

## 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: $853,863,466
- Discretionary: $853,863,466
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $853,863,466 |

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

### Firm details
- Registered since: 2022 (3 years)
- Employees: 13 total, 13 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- LinkedIn @estuary-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $236,693,000 | 15 | March 16, 2023 |
| October 2024 | $418,171,616 | 16 | June 5, 2024 |
| October 2025 | $865,474,200 | 15 | March 21, 2025 |
| October 2026 | $853,863,466 | 13 | March 24, 2026 |

Regulatory assets under management: $236,693,000 in the October 2023 data and $853,863,466 in the October 2026 data, up 261%.
Total employees: 15 in October 2023 and 13 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 10 to 13.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Estuary Capital Management LP (CRD 323379): Form ADV filing data as of October 2026.