# Long Pond Capital, LP

> Long Pond Capital, 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 26, 2026.

- CRD: 161168
- Filed as: LONG POND CAPITAL, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/161168
- AdvisorCensus page: https://advisorcensus.com/firm/long-pond-capital-lp-new-york-ny-161168

## Quick answers

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

**Where is Long Pond Capital, LP located?**
Long Pond Capital, 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 Long Pond Capital, LP registered with the SEC or a state?**
Long Pond Capital, LP is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161168.

**How much does Long Pond Capital, LP manage?**
Long Pond Capital, LP reports $1,974,757,539 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary).

**How have Long Pond Capital, LP's assets and staff changed since 2021?**
In the Form ADV data for Long Pond Capital, LP: Regulatory assets under management: $3,800,903,792 in the October 2021 data and $1,974,757,539 in the October 2026 data, down 48%. Total employees: 27 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Long Pond Capital, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7).

**Does Long Pond Capital, 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/161168

**Does Long Pond Capital, LP state an account minimum?**
Its Form ADV Part 2A brochure dated March 26, 2026 says: "Each of the Feeder Funds generally requires a minimum investment of $5 million; however, Long Pond maintains discretion to accept less than the minimum investment threshold."

**What changed in Long Pond Capital, LP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $2,305,940,032 to $1,974,757,539 (-14%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 26, 2026)

- Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)

> Each of the Feeder Funds generally requires a minimum investment of $5 million; however, Long Pond maintains discretion to accept less than the minimum investment threshold.

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

### Regulatory assets under management (Item 5.F)
- Total: $1,974,757,539
- Discretionary: $1,974,757,539
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $1,974,757,539 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 18 total, 7 performing advisory functions
- Wrap fee program participation: No
- 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
- East Hampton, NY

### Websites listed on Form ADV (Item 1.I)
- [longpond.com](https://longpond.com)
- LinkedIn @long-pond-capital-lp

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,800,903,792 | 27 | March 26, 2021 |
| October 2022 | $3,425,218,314 | 23 | March 29, 2022 |
| October 2023 | $2,897,463,296 | 22 | March 30, 2023 |
| October 2024 | $2,628,700,925 | 20 | February 1, 2024 |
| October 2025 | $2,305,940,032 | 20 | March 13, 2025 |
| October 2026 | $1,974,757,539 | 18 | March 26, 2026 |

Regulatory assets under management: $3,800,903,792 in the October 2021 data and $1,974,757,539 in the October 2026 data, down 48%.
Total employees: 27 in October 2021 and 18 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $2,305,940,032 to $1,974,757,539 (-14%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Long Pond Capital, LP (CRD 161168): Form ADV filing data as of October 2026.