# Fundamental Advisors LP

> Fundamental Advisors LP is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 157899
- Filed as: FUNDAMENTAL ADVISORS LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/157899
- AdvisorCensus page: https://advisorcensus.com/firm/fundamental-advisors-lp-new-york-ny-157899

## Quick answers

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

**Where is Fundamental Advisors LP located?**
Fundamental Advisors LP's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Fundamental Advisors LP registered with the SEC or a state?**
Fundamental Advisors LP is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 157899.

**How much does Fundamental Advisors LP manage?**
Fundamental Advisors LP reports $4,086,444,773 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Fundamental Advisors LP's assets and staff changed since 2021?**
In the Form ADV data for Fundamental Advisors LP: Regulatory assets under management: $1,402,241,695 in the October 2021 data and $4,086,444,773 in the October 2026 data, up 191%. Total employees: 28 in October 2021 and 44 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Fundamental Advisors LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (14).

**Does Fundamental Advisors 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/157899

**What changed in Fundamental Advisors LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 28 to 27.

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $4,086,444,773
- Discretionary: $4,086,444,773
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 14 | $4,086,444,773 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 44 total, 27 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Manhattan Beach, CA

### Websites listed on Form ADV (Item 1.I)
- fundamental.com
- LinkedIn @FUNDAMENTAL-ADVISORS-LP

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,402,241,695 | 28 | June 22, 2021 |
| October 2022 | $3,295,623,347 | 36 | March 31, 2022 |
| October 2023 | $3,899,937,417 | 37 | March 31, 2023 |
| October 2024 | $3,959,063,707 | 38 | March 29, 2024 |
| October 2025 | $3,959,063,707 | 43 | March 31, 2025 |
| October 2026 | $4,086,444,773 | 44 | March 31, 2026 |

Regulatory assets under management: $1,402,241,695 in the October 2021 data and $4,086,444,773 in the October 2026 data, up 191%.
Total employees: 28 in October 2021 and 44 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 28 to 27.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fundamental Advisors LP (CRD 157899): Form ADV filing data as of October 2026.