# Newmarket Investment Management, LP

> Newmarket Investment Management, LP is an SEC-registered investment advisory firm in Philadelphia, PA, registered since 2020, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 20, 2026.

- CRD: 308098
- Filed as: NEWMARKET INVESTMENT MANAGEMENT, LP
- Also doing business as: NEWMARKET CAPITAL
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Philadelphia, PA
- Filing period: October 2026
- Form ADV filing dated: May 20, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/308098
- AdvisorCensus page: https://advisorcensus.com/firm/newmarket-investment-management-lp-philadelphia-pa-308098

## Quick answers

**How is Newmarket Investment Management, LP compensated?**
On its Form ADV (Item 5.E, October 2026), Newmarket Investment Management, LP 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 Newmarket Investment Management, LP located?**
Newmarket Investment Management, LP's principal office is in Philadelphia, PA, according to its Form ADV.

**Is Newmarket Investment Management, LP registered with the SEC or a state?**
Newmarket Investment Management, LP is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 308098.

**How much does Newmarket Investment Management, LP manage?**
Newmarket Investment Management, LP reports $2,820,324,742 in regulatory assets under management in its Form ADV filing dated May 20, 2026 (100% discretionary).

**How have Newmarket Investment Management, LP's assets and staff changed since 2021?**
In the Form ADV data for Newmarket Investment Management, LP: Regulatory assets under management: $1,036,662,817 in the October 2021 data and $2,820,324,742 in the October 2026 data, up 172%. Total employees: 16 in October 2021 and 30 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Newmarket Investment Management, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (28).

**Does Newmarket Investment Management, 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/308098

## 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: $2,820,324,742
- Discretionary: $2,820,324,742
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 28 | $2,820,324,742 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2020 (6 years)
- Employees: 30 total, 16 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: PA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [batteryfinance.io](https://batteryfinance.io)
- [newmarketcapital.com](https://newmarketcapital.com)
- LinkedIn @battery-finance
- LinkedIn @newmarket-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,036,662,817 | 16 | March 31, 2021 |
| October 2022 | $1,571,339,611 | 16 | March 31, 2022 |
| October 2023 | $1,889,831,667 | 20 | March 31, 2023 |
| October 2024 | $2,060,138,657 | 24 | March 29, 2024 |
| October 2025 | $2,670,238,988 | 29 | June 5, 2025 |
| October 2026 | $2,820,324,742 | 30 | May 20, 2026 |

Regulatory assets under management: $1,036,662,817 in the October 2021 data and $2,820,324,742 in the October 2026 data, up 172%.
Total employees: 16 in October 2021 and 30 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Newmarket Investment Management, LP (CRD 308098): Form ADV filing data as of October 2026.