{
  "crd_number": 282851,
  "slug": "numerai-san-francisco-ca-282851",
  "primary_business_name": "NUMERAI",
  "legal_name": "NUMERAI GP LLC",
  "dbas": [],
  "city": "San Francisco",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41860",
  "metro": {
    "cbsa_code": "41860",
    "common_name": "San Francisco",
    "msa_name": "San Francisco-Oakland-Fremont, CA",
    "path": "/advisors/ca/san-francisco"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2022-02-01",
  "years_registered": 4,
  "period": "2026-10-01",
  "filing_date": "2026-09-22",
  "carried_forward": false,
  "raum_total": 1903690264.0,
  "raum_discretionary": 1903690264.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 12,
  "advisory_employees": 9,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 734028606.0,
      "count": 1
    },
    "pooled_investment_vehicles": {
      "raum": 1169661658.0,
      "count": 10
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA"
  ],
  "websites": [
    "https://angel.co/NUMERAI",
    "https://facebook.com/NUMERAI",
    "https://linkedin.com/company/numerai",
    "https://medium.com/NUMERAI",
    "https://numer.ai",
    "https://numerai.fund",
    "https://twitter.com/NUMERAI?LANG=EN",
    "https://vimeo.com/NUMERAI",
    "https://youtube.com/@Numerai"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/282851",
  "city_as_filed": "SAN FRANCISCO",
  "url": "https://advisorcensus.com/firm/numerai-san-francisco-ca-282851",
  "display_name": "Numerai",
  "summary": "Numerai is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2022, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 22, 2026.",
  "citation": "AdvisorCensus. Numerai (CRD 282851): 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 pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Numerai compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Numerai reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Numerai located?",
      "a": "Numerai's principal office is in San Francisco, CA, according to its Form ADV."
    },
    {
      "q": "Is Numerai registered with the SEC or a state?",
      "a": "Numerai is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 282851."
    },
    {
      "q": "How much does Numerai manage?",
      "a": "Numerai reports $1,903,690,264 in regulatory assets under management in its Form ADV filing dated September 22, 2026 (100% discretionary)."
    },
    {
      "q": "How have Numerai's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Numerai: Regulatory assets under management: $149,667,000 in the October 2022 data and $1,903,690,264 in the October 2026 data, up 1172%. Total employees: 8 in October 2022 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 Numerai serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (10); charitable organizations (1)."
    },
    {
      "q": "Which custodians does Numerai use?",
      "a": "Numerai's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists UBS Securities LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Numerai 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/282851"
    },
    {
      "q": "What changed in Numerai's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $838,992,856 to $1,903,690,264 (+127%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": null,
      "filing_date": "2021-03-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 149667000.0,
      "total_employees": 8,
      "filing_date": "2022-08-11"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 388815449.0,
      "total_employees": 10,
      "filing_date": "2023-03-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 692410757.0,
      "total_employees": 11,
      "filing_date": "2024-03-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 838992856.0,
      "total_employees": 11,
      "filing_date": "2025-04-11"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1903690264.0,
      "total_employees": 12,
      "filing_date": "2026-09-22"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $838,992,856 to $1,903,690,264 (+127%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "UBS Securities LLC",
      "name_as_filed": "UBS SECURITIES LLC",
      "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/numerai-san-francisco-ca-282851.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 10,
      "fewer_than_5": false,
      "raum": 1169661658.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1,
      "fewer_than_5": false,
      "raum": 734028606.0
    }
  ],
  "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/282851",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}