# Luminus Management, LLC

> Luminus Management, LLC is an SEC-registered investment advisory firm in Houston, TX, registered since 2011, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 157536
- Filed as: LUMINUS MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Houston, TX
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/157536
- AdvisorCensus page: https://advisorcensus.com/firm/luminus-management-llc-houston-tx-157536

## Quick answers

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

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

**Is Luminus Management, LLC registered with the SEC or a state?**
Luminus Management, LLC is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 157536.

**How much does Luminus Management, LLC manage?**
Luminus Management, LLC reports $442,810,056 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Luminus Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Luminus Management, LLC: Regulatory assets under management: $2,756,331,137 in the October 2021 data and $442,810,056 in the October 2026 data, down 84%. Total employees: 15 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Luminus Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (10).

**Does Luminus 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/157536

**What changed in Luminus Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $595,521,758 to $442,810,056 (-26%).

## 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: $442,810,056
- Discretionary: $442,810,056
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 10 | $442,810,056 |

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

### Firm details
- Registered since: 2011 (15 years)
- Employees: 8 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.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,756,331,137 | 15 | March 30, 2021 |
| October 2022 | $2,399,461,000 | 6 | March 24, 2022 |
| October 2023 | $1,121,551,969 | 6 | October 3, 2023 |
| October 2024 | $1,001,858,876 | 8 | March 25, 2024 |
| October 2025 | $595,521,758 | 8 | March 26, 2025 |
| October 2026 | $442,810,056 | 8 | March 30, 2026 |

Regulatory assets under management: $2,756,331,137 in the October 2021 data and $442,810,056 in the October 2026 data, down 84%.
Total employees: 15 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $595,521,758 to $442,810,056 (-26%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Luminus Management, LLC (CRD 157536): Form ADV filing data as of October 2026.