# Grey Rock Energy Management, LLC

> Grey Rock Energy Management, LLC is an SEC-registered investment advisory firm in Dallas, TX, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 170956
- Filed as: GREY ROCK ENERGY MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dallas, TX
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/170956
- AdvisorCensus page: https://advisorcensus.com/firm/grey-rock-energy-management-llc-dallas-tx-170956

## Quick answers

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

**Where is Grey Rock Energy Management, LLC located?**
Grey Rock Energy Management, LLC's principal office is in Dallas, TX, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Grey Rock Energy Management, LLC registered with the SEC or a state?**
Grey Rock Energy Management, LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 170956.

**How much does Grey Rock Energy Management, LLC manage?**
Grey Rock Energy Management, LLC reports $259,931,030 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Grey Rock Energy Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Grey Rock Energy Management, LLC: Regulatory assets under management: $564,306,655 in the October 2021 data and $259,931,030 in the October 2026 data, down 54%. Total employees: 17 in October 2021 and 29 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Grey Rock Energy Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Does Grey Rock Energy Management, LLC 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/170956

**What changed in Grey Rock Energy Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 10 to 15. Regulatory assets under management went from $362,978,354 to $259,931,030 (-28%).

## 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: $259,931,030
- Discretionary: $259,931,030
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $259,931,030 |

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

### Firm details
- Registered since: 2017 (9 years)
- Employees: 29 total, 15 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- 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
- Dallas, TX
- Houston, TX

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $564,306,655 | 17 | July 1, 2021 |
| October 2022 | $558,171,596 | 17 | August 22, 2022 |
| October 2023 | $1,118,896,230 | 19 | June 20, 2023 |
| October 2024 | $397,675,330 | 25 | March 28, 2024 |
| October 2025 | $362,978,354 | 27 | July 2, 2025 |
| October 2026 | $259,931,030 | 29 | March 31, 2026 |

Regulatory assets under management: $564,306,655 in the October 2021 data and $259,931,030 in the October 2026 data, down 54%.
Total employees: 17 in October 2021 and 29 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 10 to 15.
- Regulatory assets under management went from $362,978,354 to $259,931,030 (-28%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Grey Rock Energy Management, LLC (CRD 170956): Form ADV filing data as of October 2026.