# PDT Partners, LLC

> PDT Partners, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 163776
- Filed as: PDT PARTNERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/163776
- AdvisorCensus page: https://advisorcensus.com/firm/pdt-partners-llc-new-york-ny-163776

## Quick answers

**How is PDT Partners, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), PDT Partners, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees; other.

**How much does PDT Partners, LLC charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is PDT Partners, LLC located?**
PDT Partners, LLC's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is PDT Partners, LLC registered with the SEC or a state?**
PDT Partners, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 163776.

**How much does PDT Partners, LLC manage?**
PDT Partners, LLC reports $19,177,662,795 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have PDT Partners, LLC's assets and staff changed since 2021?**
In the Form ADV data for PDT Partners, LLC: Regulatory assets under management: $12,800,380,244 in the October 2021 data and $19,177,662,795 in the October 2026 data, up 50%. Total employees: 246 in October 2021 and 285 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does PDT Partners, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5).

**Does PDT Partners, LLC 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/163776

**Does PDT Partners, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "Investors in our private pooled investment vehicles are generally required to make a minimum initial investment of $5,000,000 (though we often waive minimum investment requirements) ."

**What changed in PDT Partners, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 92 to 96. Regulatory assets under management went from $14,019,265,881 to $19,177,662,795 (+37%).

## 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
- Other

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states)

> PDT does not have a general fee schedule. We generally receive a management fee of a percentage of the assets under management of each Fund ( up to 1.5% per annum ).

- Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)

> Investors in our private pooled investment vehicles are generally required to make a minimum initial investment of $5,000,000 (though we often waive minimum investment requirements) .

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $19,177,662,795
- Discretionary: $19,177,662,795
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 5 | $19,177,662,795 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | Not reported |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 285 total, 96 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Newton, MA

### Websites listed on Form ADV (Item 1.I)
- pdtpartners.com
- LinkedIn @pdt-partners-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $12,800,380,244 | 246 | March 31, 2021 |
| October 2022 | $12,915,462,795 | 254 | March 31, 2022 |
| October 2023 | $10,124,679,234 | 258 | August 1, 2023 |
| October 2024 | $10,836,885,530 | 265 | April 1, 2024 |
| October 2025 | $14,019,265,881 | 270 | March 31, 2025 |
| October 2026 | $19,177,662,795 | 285 | March 31, 2026 |

Regulatory assets under management: $12,800,380,244 in the October 2021 data and $19,177,662,795 in the October 2026 data, up 50%.
Total employees: 246 in October 2021 and 285 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 92 to 96.
- Regulatory assets under management went from $14,019,265,881 to $19,177,662,795 (+37%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. PDT Partners, LLC (CRD 163776): Form ADV filing data as of October 2026.