{
  "crd_number": 140159,
  "slug": "nicholas-investment-partners-l-p-san-diego-ca-140159",
  "primary_business_name": "NICHOLAS INVESTMENT PARTNERS, L.P.",
  "legal_name": "NICHOLAS INVESTMENT PARTNERS, L.P.",
  "dbas": [],
  "city": "San Diego",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41740",
  "metro": {
    "cbsa_code": "41740",
    "common_name": "San Diego",
    "msa_name": "San Diego-Chula Vista-Carlsbad, CA",
    "path": "/advisors/ca/san-diego"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2006-04-17",
  "years_registered": 20,
  "period": "2026-10-01",
  "filing_date": "2026-07-10",
  "carried_forward": false,
  "raum_total": 1450892122.0,
  "raum_discretionary": 1450892122.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 12,
  "advisory_employees": 5,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 22481876.0,
      "count": 3
    },
    "state_municipal": {
      "raum": 400905649.0,
      "count": 11
    },
    "investment_companies": {
      "raum": 143213130.0,
      "count": 1
    },
    "pension_profit_sharing": {
      "raum": null,
      "count": 0
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 536229953.0,
      "count": 8
    },
    "pooled_investment_vehicles": {
      "raum": 348061514.0,
      "count": 3
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "WY"
  ],
  "websites": [
    "https://linkedin.com/company/6048508/admin/dashboard",
    "https://nicfunds.com",
    "https://nicpartners.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/140159",
  "city_as_filed": "SAN DIEGO",
  "url": "https://advisorcensus.com/firm/nicholas-investment-partners-l-p-san-diego-ca-140159",
  "display_name": "Nicholas Investment Partners, L.P.",
  "summary": "Nicholas Investment Partners, L.P. is an SEC-registered investment advisory firm in San Diego, CA, registered since 2006, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 10, 2026.",
  "citation": "AdvisorCensus. Nicholas Investment Partners, L.P. (CRD 140159): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Nicholas Investment Partners, L.P. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Nicholas Investment Partners, L.P. 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."
    },
    {
      "q": "Where is Nicholas Investment Partners, L.P. located?",
      "a": "Nicholas Investment Partners, L.P.'s principal office is in San Diego, CA, according to its Form ADV; the August 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Nicholas Investment Partners, L.P. registered with the SEC or a state?",
      "a": "Nicholas Investment Partners, L.P. is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 140159."
    },
    {
      "q": "How much does Nicholas Investment Partners, L.P. manage?",
      "a": "Nicholas Investment Partners, L.P. reports $1,450,892,122 in regulatory assets under management in its Form ADV filing dated July 10, 2026 (100% discretionary)."
    },
    {
      "q": "How have Nicholas Investment Partners, L.P.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Nicholas Investment Partners, L.P.: Regulatory assets under management: $1,586,011,931 in the October 2021 data and $1,450,892,122 in the October 2026 data, down 9%. Total employees: 12 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Nicholas Investment Partners, L.P. serve?",
      "a": "By number of clients on Form ADV Item 5.D: state or municipal government entities (including government pension plans) (11); high net worth individuals (8); pooled investment vehicles (other than investment companies and business development companies) (3)."
    },
    {
      "q": "Which custodians does Nicholas Investment Partners, L.P. use?",
      "a": "Nicholas Investment Partners, L.P.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bown Brothers Harriman & Co, JP Morgan Chase and State Street Bank & Co as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Nicholas Investment Partners, L.P. report any disciplinary disclosures?",
      "a": "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/140159"
    },
    {
      "q": "What changed in Nicholas Investment Partners, L.P.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $1,311,813,654 to $1,450,892,122 (+11%). No longer lists an office in Rancho Santa Fe, CA."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1586011931.0,
      "total_employees": 12,
      "filing_date": "2021-04-20"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1797956714.0,
      "total_employees": 12,
      "filing_date": "2022-03-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1246514745.0,
      "total_employees": 13,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 923903714.0,
      "total_employees": 12,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1184590858.0,
      "total_employees": 12,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1450892122.0,
      "total_employees": 12,
      "filing_date": "2026-07-10"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $1,311,813,654 to $1,450,892,122 (+11%).",
        "No longer lists an office in Rancho Santa Fe, CA."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Regulatory assets under management went from $1,184,590,858 to $1,311,813,654 (+11%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Bown Brothers Harriman & Co",
      "name_as_filed": "BOWN BROTHERS HARRIMAN & CO",
      "affiliated": false
    },
    {
      "name": "JP Morgan Chase",
      "name_as_filed": "JP MORGAN CHASE",
      "affiliated": false
    },
    {
      "name": "State Street Bank & Co",
      "name_as_filed": "STATE STREET BANK & CO",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/nicholas-investment-partners-l-p-san-diego-ca-140159.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 8,
      "fewer_than_5": false,
      "raum": 536229953.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 143213130.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 3,
      "fewer_than_5": false,
      "raum": 348061514.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 3,
      "fewer_than_5": false,
      "raum": 22481876.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 11,
      "fewer_than_5": false,
      "raum": 400905649.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/140159",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}