# Heronbridge

> Heronbridge is an SEC-registered investment advisory firm in Bath, United Kingdom, registered since 2012, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated June 29, 2026.

- CRD: 164314
- Filed as: HERONBRIDGE
- Legal name: Heronbridge Investment Management LLP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Bath, United Kingdom
- Filing period: October 2026
- Form ADV filing dated: June 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/164314
- AdvisorCensus page: https://advisorcensus.com/firm/heronbridge-bath-164314

## Quick answers

**How is Heronbridge compensated?**
On its Form ADV (Item 5.E, October 2026), Heronbridge reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Heronbridge located?**
Heronbridge's principal office is in Bath, United Kingdom, according to its Form ADV.

**Is Heronbridge registered with the SEC or a state?**
Heronbridge is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 164314.

**How much does Heronbridge manage?**
Heronbridge reports $935,272,788 in regulatory assets under management in its Form ADV filing dated June 29, 2026 (100% discretionary).

**How have Heronbridge's assets and staff changed since 2021?**
In the Form ADV data for Heronbridge: Regulatory assets under management: $2,035,439,329 in the October 2021 data and $935,272,788 in the October 2026 data, down 54%. Total employees: 12 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Heronbridge serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).

**Which custodians does Heronbridge use?**
Heronbridge's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists JP Morgan Chase Bank N.A. as a custodian holding 10% or more of its separately managed account assets.

**Does Heronbridge 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/164314

**What changed in Heronbridge's recent Form ADV filings?**
In the July 2026 filing data: Regulatory assets under management went from $1,349,252,385 to $935,272,788 (-31%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- JP Morgan Chase Bank N.A.

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: $935,272,788
- Discretionary: $935,272,788
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $913,030,292 |
| Charitable organizations | Fewer than 5 | $22,242,496 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- 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: 2012 (14 years)
- Employees: 11 total, 4 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,035,439,329 | 12 | July 22, 2021 |
| October 2022 | $1,767,003,185 | 13 | July 28, 2022 |
| October 2023 | $1,718,491,359 | 12 | July 28, 2023 |
| October 2024 | $1,537,665,188 | 12 | May 30, 2024 |
| October 2025 | $1,349,252,385 | 12 | June 10, 2025 |
| October 2026 | $935,272,788 | 11 | June 29, 2026 |

Regulatory assets under management: $2,035,439,329 in the October 2021 data and $935,272,788 in the October 2026 data, down 54%.
Total employees: 12 in October 2021 and 11 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Regulatory assets under management went from $1,349,252,385 to $935,272,788 (-31%).

### December 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Heronbridge (CRD 164314): Form ADV filing data as of October 2026.