{
  "crd_number": 304196,
  "slug": "orso-partners-lp-south-san-francisco-ca-304196",
  "primary_business_name": "ORSO PARTNERS, LP",
  "legal_name": "ORSO PARTNERS, LP",
  "dbas": [],
  "city": "South 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": "2021-07-30",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-03-06",
  "carried_forward": false,
  "raum_total": 387457490.0,
  "raum_discretionary": 387457490.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 3,
  "advisory_employees": 2,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "corporations_other_businesses": {
      "raum": 387457490.0,
      "count": 1,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA"
  ],
  "websites": [],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/304196",
  "city_as_filed": "SOUTH SAN FRANCISCO",
  "url": "https://advisorcensus.com/firm/orso-partners-lp-south-san-francisco-ca-304196",
  "display_name": "Orso Partners, LP",
  "summary": "Orso Partners, LP is an SEC-registered investment advisory firm in South San Francisco, CA, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 6, 2026.",
  "citation": "AdvisorCensus. Orso Partners, LP (CRD 304196): 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 businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Orso Partners, LP compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Orso Partners, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Orso Partners, LP located?",
      "a": "Orso Partners, LP's principal office is in South San Francisco, CA, according to its Form ADV."
    },
    {
      "q": "Is Orso Partners, LP registered with the SEC or a state?",
      "a": "Orso Partners, LP is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 304196."
    },
    {
      "q": "How much does Orso Partners, LP manage?",
      "a": "Orso Partners, LP reports $387,457,490 in regulatory assets under management in its Form ADV filing dated March 6, 2026 (100% discretionary)."
    },
    {
      "q": "How have Orso Partners, LP's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Orso Partners, LP: Regulatory assets under management: $293,000,000 in the October 2021 data and $387,457,490 in the October 2026 data, up 32%. Total employees: 3 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Orso Partners, LP serve?",
      "a": "By number of clients on Form ADV Item 5.D: corporations or other businesses not listed above (1)."
    },
    {
      "q": "Which custodians does Orso Partners, LP use?",
      "a": "Orso Partners, LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Morgan Stanley and Wells Fargo Securities, LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Orso Partners, LP 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/304196"
    },
    {
      "q": "What changed in Orso Partners, LP's recent Form ADV filings?",
      "a": "In the January 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 293000000.0,
      "total_employees": 3,
      "filing_date": "2021-07-01"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 349000000.0,
      "total_employees": 3,
      "filing_date": "2022-03-22"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 410054000.0,
      "total_employees": 3,
      "filing_date": "2023-07-17"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 386937000.0,
      "total_employees": 3,
      "filing_date": "2024-03-21"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 373597000.0,
      "total_employees": 3,
      "filing_date": "2025-03-27"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 387457490.0,
      "total_employees": 3,
      "filing_date": "2026-03-06"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Morgan Stanley",
      "name_as_filed": "MORGAN STANLEY",
      "affiliated": false
    },
    {
      "name": "Wells Fargo Securities, LLC",
      "name_as_filed": "WELLS FARGO 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/orso-partners-lp-south-san-francisco-ca-304196.md",
  "clients": [
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1,
      "fewer_than_5": true,
      "raum": 387457490.0
    }
  ],
  "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/304196",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}