# KWK Management LLC

> KWK Management LLC is an SEC-registered investment advisory firm in Houston, TX, registered since 2005, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 8, 2026.

- CRD: 131097
- Filed as: KWK MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Houston, TX
- Filing period: October 2026
- Form ADV filing dated: September 8, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/131097
- AdvisorCensus page: https://advisorcensus.com/firm/kwk-management-llc-houston-tx-131097

## Quick answers

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

**Where is KWK Management LLC located?**
KWK Management LLC's principal office is in Houston, TX, according to its Form ADV.

**Is KWK Management LLC registered with the SEC or a state?**
KWK Management LLC is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 131097.

**How much does KWK Management LLC manage?**
KWK Management LLC reports $227,581,374 in regulatory assets under management in its Form ADV filing dated September 8, 2026 (100% discretionary).

**How have KWK Management LLC's assets and staff changed since 2021?**
In the Form ADV data for KWK Management LLC: Regulatory assets under management: $256,393,874 in the October 2021 data and $227,581,374 in the October 2026 data, down 11%. Total employees: 5 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does KWK 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 KWK 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/131097

**What changed in KWK Management LLC's recent Form ADV filings?**
In the October 2026 filing data: Regulatory assets under management went from $262,542,013 to $227,581,374 (-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: $227,581,374
- Discretionary: $227,581,374
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $227,581,374 |

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

### Firm details
- Registered since: 2005 (20 years)
- Employees: 7 total, 4 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.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $256,393,874 | 5 | March 22, 2021 |
| October 2022 | $175,791,085 | 5 | March 18, 2022 |
| October 2023 | $222,298,099 | 6 | September 19, 2023 |
| October 2024 | $226,208,024 | 6 | March 19, 2024 |
| October 2025 | $238,639,311 | 6 | July 14, 2025 |
| October 2026 | $227,581,374 | 7 | September 8, 2026 |

Regulatory assets under management: $256,393,874 in the October 2021 data and $227,581,374 in the October 2026 data, down 11%.
Total employees: 5 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Regulatory assets under management went from $262,542,013 to $227,581,374 (-13%).

### February 2026
- Regulatory assets under management went from $238,639,311 to $262,542,013 (+10%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. KWK Management LLC (CRD 131097): Form ADV filing data as of October 2026.