# Primary Wave IP Investment Management LLC

> Primary Wave IP Investment Management LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2017, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 6, 2026.

- CRD: 288266
- Filed as: PRIMARY WAVE IP INVESTMENT MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: May 6, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/288266
- AdvisorCensus page: https://advisorcensus.com/firm/primary-wave-ip-investment-management-llc-new-york-ny-288266

## Quick answers

**How is Primary Wave IP Investment Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Primary Wave IP Investment Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Primary Wave IP Investment Management LLC located?**
Primary Wave IP Investment Management LLC's principal office is in New York, NY, according to its Form ADV.

**Is Primary Wave IP Investment Management LLC registered with the SEC or a state?**
Primary Wave IP Investment Management LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 288266.

**How much does Primary Wave IP Investment Management LLC manage?**
Primary Wave IP Investment Management LLC reports $6,136,225,934 in regulatory assets under management in its Form ADV filing dated May 6, 2026 (100% discretionary).

**How have Primary Wave IP Investment Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Primary Wave IP Investment Management LLC: Regulatory assets under management: $940,240,385 in the October 2021 data and $6,136,225,934 in the October 2026 data, up 553%. Total employees: 2 in October 2021 and 38 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Primary Wave IP Investment Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (11).

**Does Primary Wave IP Investment 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/288266

**What changed in Primary Wave IP Investment Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 21 to 22. Regulatory assets under management went from $4,587,445,480 to $5,897,038,282 (+29%). 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
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $6,136,225,934
- Discretionary: $6,136,225,934
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 11 | $6,136,225,934 |

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

### Firm details
- Registered since: 2017 (9 years)
- Employees: 38 total, 22 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [primarywave.com](https://primarywave.com)
- Instagram @PRIMARYWAVE

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $940,240,385 | 2 | March 31, 2021 |
| October 2022 | $1,818,493,812 | 2 | April 29, 2022 |
| October 2023 | $3,065,821,948 | 2 | April 28, 2023 |
| October 2024 | $3,444,641,755 | 2 | May 17, 2024 |
| October 2025 | $4,587,445,480 | 37 | May 15, 2025 |
| October 2026 | $6,136,225,934 | 38 | May 6, 2026 |

Regulatory assets under management: $940,240,385 in the October 2021 data and $6,136,225,934 in the October 2026 data, up 553%.
Total employees: 2 in October 2021 and 38 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 21 to 22.
- Regulatory assets under management went from $4,587,445,480 to $5,897,038,282 (+29%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Primary Wave IP Investment Management LLC (CRD 288266): Form ADV filing data as of October 2026.