# Prophet Capital Asset Management

> Prophet Capital Asset Management is an SEC-registered investment advisory firm in Austin, TX, registered since 2009, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 23, 2026.

- CRD: 150683
- Filed as: PROPHET CAPITAL ASSET MANAGEMENT
- Legal name: Prophet Capital Asset Management LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Austin, TX
- Filing period: October 2026
- Form ADV filing dated: April 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/150683
- AdvisorCensus page: https://advisorcensus.com/firm/prophet-capital-asset-management-austin-tx-150683

## Quick answers

**How is Prophet Capital Asset Management compensated?**
On its Form ADV (Item 5.E, October 2026), Prophet Capital Asset Management 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 Prophet Capital Asset Management located?**
Prophet Capital Asset Management's principal office is in Austin, TX, according to its Form ADV.

**Is Prophet Capital Asset Management registered with the SEC or a state?**
Prophet Capital Asset Management is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 150683.

**How much does Prophet Capital Asset Management manage?**
Prophet Capital Asset Management reports $4,199,958,869 in regulatory assets under management in its Form ADV filing dated April 23, 2026 (100% discretionary).

**How have Prophet Capital Asset Management's assets and staff changed since 2021?**
In the Form ADV data for Prophet Capital Asset Management: Regulatory assets under management: $3,453,268,388 in the October 2021 data and $4,199,958,869 in the October 2026 data, up 22%. Total employees: 13 in October 2021 and 16 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Prophet Capital Asset Management serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (12); insurance companies (5).

**Which custodians does Prophet Capital Asset Management use?**
Prophet Capital Asset Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Computershare as a custodian holding 10% or more of its separately managed account assets.

**Does Prophet Capital Asset Management 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/150683

**What changed in Prophet Capital Asset Management's recent Form ADV filings?**
In the May 2026 filing data: Regulatory assets under management went from $5,269,108,535 to $4,199,958,869 (-20%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Computershare

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $4,199,958,869
- Discretionary: $4,199,958,869
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 12 | $1,930,271,739 |
| Charitable organizations | Fewer than 5 | $41,959,005 |
| Insurance companies | 5 | $2,226,883,966 |
| Corporations or other businesses not listed above | Fewer than 5 | $844,159 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2009 (17 years)
- Employees: 16 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: DE, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- prophetcapital.io
- LinkedIn @prophet-capital-asset-management-lp

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,453,268,388 | 13 | April 21, 2021 |
| October 2022 | $4,367,600,002 | 13 | March 30, 2022 |
| October 2023 | $2,974,541,763 | 16 | June 27, 2023 |
| October 2024 | $2,774,916,204 | 18 | April 25, 2024 |
| October 2025 | $3,282,153,505 | 17 | April 30, 2025 |
| October 2026 | $4,199,958,869 | 16 | April 23, 2026 |

Regulatory assets under management: $3,453,268,388 in the October 2021 data and $4,199,958,869 in the October 2026 data, up 22%.
Total employees: 13 in October 2021 and 16 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Regulatory assets under management went from $5,269,108,535 to $4,199,958,869 (-20%).

### April 2026
- Employees performing advisory functions went from 7 to 6.
- Regulatory assets under management went from $3,282,153,505 to $5,269,108,535 (+61%).

### January 2026
- No longer registered or notice-filed in CT.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Prophet Capital Asset Management (CRD 150683): Form ADV filing data as of October 2026.