# Levin Capital Strategies, L.P.

> Levin Capital Strategies, L.P. is an SEC-registered investment advisory firm in New York, NY, registered since 2006, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 137147
- Filed as: LEVIN CAPITAL STRATEGIES, L.P.
- 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/137147
- AdvisorCensus page: https://advisorcensus.com/firm/levin-capital-strategies-l-p-new-york-ny-137147

## Quick answers

**How is Levin Capital Strategies, L.P. compensated?**
On its Form ADV (Item 5.E, October 2026), Levin Capital Strategies, L.P. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.

**Where is Levin Capital Strategies, L.P. located?**
Levin Capital Strategies, L.P.'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 Levin Capital Strategies, L.P. registered with the SEC or a state?**
Levin Capital Strategies, L.P. is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 137147.

**How much does Levin Capital Strategies, L.P. manage?**
Levin Capital Strategies, L.P. reports $1,659,473,378 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (89% discretionary).

**How have Levin Capital Strategies, L.P.'s assets and staff changed since 2021?**
In the Form ADV data for Levin Capital Strategies, L.P.: Regulatory assets under management: $1,085,694,840 in the October 2021 data and $1,659,473,378 in the October 2026 data, up 53%. Total employees: 8 in October 2021 and 14 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Levin Capital Strategies, L.P. serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (132); individuals (other than high net worth individuals) (118); pooled investment vehicles (other than investment companies and business development companies) (1).

**Which custodians does Levin Capital Strategies, L.P. use?**
Levin Capital Strategies, L.P.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Levin Capital Strategies, L.P. 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/137147

**Does Levin Capital Strategies, L.P. state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "LCS generally requires a minimum account size of $1 million in order to establish a Separately Managed Account, although LCS may, in its sole discretion, require a larger amount or accept a smaller amount of initial assets from a potential Client."

**What changed in Levin Capital Strategies, L.P.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 6 to 9. Regulatory assets under management went from $1,246,801,756 to $1,659,473,378 (+33%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> LCS generally requires a minimum account size of $1 million in order to establish a Separately Managed Account, although LCS may, in its sole discretion, require a larger amount or accept a smaller amount of initial assets from a potential Client.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage Services 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: $1,659,473,378
- Discretionary: $1,472,194,708
- Non-discretionary: $187,278,670

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 118 | $210,451,752 |
| High net worth individuals | 132 | $1,073,441,319 |
| Banking or thrift institutions | Fewer than 5 | $116,881,086 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $20,893,475 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $138,754,031 |
| Charitable organizations | Fewer than 5 | $73,109,313 |
| Corporations or other businesses not listed above | Fewer than 5 | $19,916,410 |
| Other | Fewer than 5 | $6,025,992 |

### 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: 2006 (20 years)
- Employees: 14 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, CT, DC, DE, FL, GA, HI, IL, IN, MA, MD, ME, MI, MN, MO, MS, NC, NJ, NV, NY, OH, OR, PA, RI, SC, TX, VA, VT
- 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
- Miami, FL

### Websites listed on Form ADV (Item 1.I)
- johnlevin.substack.com
- levincap.com
- LinkedIn @levin-capital-strategies

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,085,694,840 | 8 | July 9, 2021 |
| October 2022 | $1,212,989,229 | 9 | March 31, 2022 |
| October 2023 | $1,013,342,342 | 13 | March 31, 2023 |
| October 2024 | $1,083,187,647 | 13 | May 29, 2024 |
| October 2025 | $1,246,801,756 | 11 | March 31, 2025 |
| October 2026 | $1,659,473,378 | 14 | March 31, 2026 |

Regulatory assets under management: $1,085,694,840 in the October 2021 data and $1,659,473,378 in the October 2026 data, up 53%.
Total employees: 8 in October 2021 and 14 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 6 to 9.
- Regulatory assets under management went from $1,246,801,756 to $1,659,473,378 (+33%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Levin Capital Strategies, L.P. (CRD 137147): Form ADV filing data as of October 2026.