# Longhorn Capital Partners, L.P.

> Longhorn Capital Partners, L.P. is an SEC-registered investment advisory firm in Fort Worth, TX, registered since 2025, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated April 1, 2026.

- CRD: 329221
- Filed as: LONGHORN CAPITAL PARTNERS, L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Fort Worth, TX
- Filing period: October 2026
- Form ADV filing dated: April 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/329221
- AdvisorCensus page: https://advisorcensus.com/firm/longhorn-capital-partners-l-p-fort-worth-tx-329221

## Quick answers

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

**What does Longhorn Capital Partners, L.P.'s brochure say about its fees?**
Its Form ADV Part 2A brochure dated April 1, 2026 states: Asset-based fee: 1% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Longhorn Capital Partners, L.P. located?**
Longhorn Capital Partners, L.P.'s principal office is in Fort Worth, TX, according to its Form ADV.

**Is Longhorn Capital Partners, L.P. registered with the SEC or a state?**
Longhorn Capital Partners, L.P. is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 329221.

**How much does Longhorn Capital Partners, L.P. manage?**
Longhorn Capital Partners, L.P. reports $63,555,047 in regulatory assets under management in its Form ADV filing dated April 1, 2026 (100% discretionary).

**How have Longhorn Capital Partners, L.P.'s assets and staff changed since 2025?**
In the Form ADV data for Longhorn Capital Partners, L.P.: Regulatory assets under management: $15,991,343 in the October 2025 data and $63,555,047 in the October 2026 data, up 297%. Total employees: 3 in October 2025 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Longhorn Capital Partners, L.P. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1).

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

**Does Longhorn Capital Partners, 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/329221

**What changed in Longhorn Capital Partners, L.P.'s recent Form ADV filings?**
In the May 2026 filing data: Regulatory assets under management went from $54,107,374 to $63,555,047 (+17%). 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
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated April 1, 2026)

- Asset-based fee: 1% to 2% a year (a range, as the brochure states it)

> In general, we receive a management fee, payable monthly or on another periodic basis, equal to a percentage, generally ranging from 1.0% to 2.0% per annum, of the net asset value of the advisory account of each client.

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

### Custodians (Schedule D, Section 5.K(3))
- Wells Fargo Prime 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: $63,555,047
- Discretionary: $63,555,047
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $46,664,280 |
| Charitable organizations | Fewer than 5 | $16,890,767 |

### Advisory services (Item 5.G)
- 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: 2025 (1 year)
- Employees: 2 total, 2 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.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $15,991,343 | 3 | April 24, 2025 |
| October 2026 | $63,555,047 | 2 | April 1, 2026 |

Regulatory assets under management: $15,991,343 in the October 2025 data and $63,555,047 in the October 2026 data, up 297%.
Total employees: 3 in October 2025 and 2 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Regulatory assets under management went from $54,107,374 to $63,555,047 (+17%).
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Regulatory assets under management went from $15,991,343 to $54,107,374 (+238%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Longhorn Capital Partners, L.P. (CRD 329221): Form ADV filing data as of October 2026.