# Prelude Capital Management, LLC

> Prelude Capital Management, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 158105
- Filed as: PRELUDE CAPITAL MANAGEMENT, 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/158105
- AdvisorCensus page: https://advisorcensus.com/firm/prelude-capital-management-llc-new-york-ny-158105

## Quick answers

**How is Prelude Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Prelude Capital Management, LLC reports these compensation arrangements: fixed fees (other than subscription fees); performance-based fees.

**Where is Prelude Capital Management, LLC located?**
Prelude Capital Management, LLC's principal office is in New York, NY, according to its Form ADV.

**Is Prelude Capital Management, LLC registered with the SEC or a state?**
Prelude Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 158105.

**How much does Prelude Capital Management, LLC manage?**
Prelude Capital Management, LLC reports $2,388,923,435 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Prelude Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Prelude Capital Management, LLC: Regulatory assets under management: $8,135,999,816 in the October 2021 data and $2,388,923,435 in the October 2026 data, down 71%. Total employees: 43 in October 2021 and 32 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Prelude Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (18).

**Does Prelude Capital Management, 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/158105

**What changed in Prelude Capital Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $1,782,437,787 to $2,388,923,435 (+34%).

## From the Form ADV filing

### Compensation (Item 5.E)
- Fixed fees (other than subscription fees)
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $2,388,923,435
- Discretionary: $2,388,923,435
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 18 | $2,388,923,435 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2012 (14 years)
- Employees: 32 total, 11 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- preludecapital.com
- LinkedIn @PRELUDE-CAPITAL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $8,135,999,816 | 43 | March 30, 2021 |
| October 2022 | $6,819,641,675 | 62 | May 12, 2022 |
| October 2023 | $2,909,368,512 | 57 | June 1, 2023 |
| October 2024 | $2,076,554,557 | 42 | May 31, 2024 |
| October 2025 | $1,787,077,934 | 36 | March 28, 2025 |
| October 2026 | $2,388,923,435 | 32 | March 31, 2026 |

Regulatory assets under management: $8,135,999,816 in the October 2021 data and $2,388,923,435 in the October 2026 data, down 71%.
Total employees: 43 in October 2021 and 32 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $1,782,437,787 to $2,388,923,435 (+34%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Prelude Capital Management, LLC (CRD 158105): Form ADV filing data as of October 2026.