{
  "crd_number": 299210,
  "slug": "paradigm-operations-lp-san-francisco-ca-299210",
  "primary_business_name": "PARADIGM OPERATIONS LP",
  "legal_name": "PARADIGM OPERATIONS LP",
  "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": "2019-07-26",
  "years_registered": 7,
  "period": "2026-10-01",
  "filing_date": "2026-06-05",
  "carried_forward": false,
  "raum_total": 11869698738.0,
  "raum_discretionary": 11869698738.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 61,
  "advisory_employees": 13,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 11869698738.0,
      "count": 8
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA"
  ],
  "websites": [
    "https://linkedin.com/company/paradigm-xyz",
    "https://paradigm.xyz",
    "https://warpcast.com/paradigm",
    "https://x.com/paradigm",
    "https://youtube.com/@paradigm-xyz"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/299210",
  "city_as_filed": "SAN FRANCISCO",
  "url": "https://advisorcensus.com/firm/paradigm-operations-lp-san-francisco-ca-299210",
  "display_name": "Paradigm Operations LP",
  "summary": "Paradigm Operations LP is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2019, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 5, 2026.",
  "citation": "AdvisorCensus. Paradigm Operations LP (CRD 299210): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Paradigm Operations LP compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Paradigm Operations LP reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "Where is Paradigm Operations LP located?",
      "a": "Paradigm Operations LP's principal office is in San Francisco, CA, according to its Form ADV; the July 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Paradigm Operations LP registered with the SEC or a state?",
      "a": "Paradigm Operations LP is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 299210."
    },
    {
      "q": "How much does Paradigm Operations LP manage?",
      "a": "Paradigm Operations LP reports $11,869,698,738 in regulatory assets under management in its Form ADV filing dated June 5, 2026 (100% discretionary)."
    },
    {
      "q": "How have Paradigm Operations LP's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Paradigm Operations LP: Regulatory assets under management: $2,979,682,463 in the October 2021 data and $11,869,698,738 in the October 2026 data, up 298%. Total employees: 17 in October 2021 and 61 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Paradigm Operations LP serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (8)."
    },
    {
      "q": "Does Paradigm Operations 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/299210"
    },
    {
      "q": "What changed in Paradigm Operations LP's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 14 to 13. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 2979682463.0,
      "total_employees": 17,
      "filing_date": "2021-06-14"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 13185930280.0,
      "total_employees": 36,
      "filing_date": "2022-03-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 8709382764.0,
      "total_employees": 73,
      "filing_date": "2023-09-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 10077295617.0,
      "total_employees": 59,
      "filing_date": "2024-04-25"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 12663290452.0,
      "total_employees": 63,
      "filing_date": "2025-04-21"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 11869698738.0,
      "total_employees": 61,
      "filing_date": "2026-06-05"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 14 to 13.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/paradigm-operations-lp-san-francisco-ca-299210.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 8,
      "fewer_than_5": false,
      "raum": 11869698738.0
    }
  ],
  "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/299210",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}