# Paradigm Operations LP

> 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.

- CRD: 299210
- Filed as: PARADIGM OPERATIONS LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: June 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/299210
- AdvisorCensus page: https://advisorcensus.com/firm/paradigm-operations-lp-san-francisco-ca-299210

## Quick answers

**How is Paradigm Operations LP compensated?**
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.

**Where is Paradigm Operations LP located?**
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).

**Is Paradigm Operations LP registered with the SEC or a state?**
Paradigm Operations LP is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 299210.

**How much does Paradigm Operations LP manage?**
Paradigm Operations LP reports $11,869,698,738 in regulatory assets under management in its Form ADV filing dated June 5, 2026 (100% discretionary).

**How have Paradigm Operations LP's assets and staff changed since 2021?**
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.

**What types of clients does Paradigm Operations LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (8).

**Does Paradigm Operations 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/299210

**What changed in Paradigm Operations LP's recent Form ADV filings?**
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).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $11,869,698,738
- Discretionary: $11,869,698,738
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 8 | $11,869,698,738 |

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

### Firm details
- Registered since: 2019 (7 years)
- Employees: 61 total, 13 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- New York, NY
- Washington, DC

### Websites listed on Form ADV (Item 1.I)
- paradigm.xyz
- warpcast.com/paradigm
- LinkedIn @paradigm-xyz
- X @paradigm
- YouTube @paradigm-xyz

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,979,682,463 | 17 | June 14, 2021 |
| October 2022 | $13,185,930,280 | 36 | March 30, 2022 |
| October 2023 | $8,709,382,764 | 73 | September 29, 2023 |
| October 2024 | $10,077,295,617 | 59 | April 25, 2024 |
| October 2025 | $12,663,290,452 | 63 | April 21, 2025 |
| October 2026 | $11,869,698,738 | 61 | June 5, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 14 to 13.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Paradigm Operations LP (CRD 299210): Form ADV filing data as of October 2026.