# Felis Advantage, LP

> Felis Advantage, LP is an SEC-registered investment advisory firm in Boston, MA, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 25, 2026.

- CRD: 335282
- Filed as: FELIS ADVANTAGE, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: February 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/335282
- AdvisorCensus page: https://advisorcensus.com/firm/felis-advantage-lp-boston-ma-335282

## Quick answers

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

**Where is Felis Advantage, LP located?**
Felis Advantage, LP's principal office is in Boston, MA, according to its Form ADV.

**Is Felis Advantage, LP registered with the SEC or a state?**
Felis Advantage, LP is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 335282.

**How much does Felis Advantage, LP manage?**
Felis Advantage, LP reports $150,000,000 in regulatory assets under management in its Form ADV filing dated February 25, 2026 (100% discretionary).

**What types of clients does Felis Advantage, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Which custodians does Felis Advantage, LP use?**
Felis Advantage, LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC as custodians holding 10% or more of its separately managed account assets.

**Does Felis Advantage, 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/335282

**What changed in Felis Advantage, LP's recent Form ADV filings?**
In the January 2026 filing data: Newly registered with the SEC.

## 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))
- Goldman Sachs & Co. LLC
- Morgan Stanley & Co. LLC

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: $150,000,000
- Discretionary: $150,000,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $50,000,000 |
| Charitable organizations | Fewer than 5 | $100,000,000 |

### Advisory services (Item 5.G)
- 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: 2025 (0 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- LinkedIn @felis-advantage

## Changes in the filing (last 12 months)

### January 2026
- Newly registered with the SEC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Felis Advantage, LP (CRD 335282): Form ADV filing data as of October 2026.