# Prophet Equity Management II LLC

> Prophet Equity Management II LLC is an SEC-registered investment advisory firm in Southlake, TX, registered since 2014, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 170614
- Filed as: PROPHET EQUITY MANAGEMENT II LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Southlake, TX
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/170614
- AdvisorCensus page: https://advisorcensus.com/firm/prophet-equity-management-ii-llc-southlake-tx-170614

## Quick answers

**How is Prophet Equity Management II LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Prophet Equity Management II LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Prophet Equity Management II LLC located?**
Prophet Equity Management II LLC's principal office is in Southlake, TX, according to its Form ADV.

**Is Prophet Equity Management II LLC registered with the SEC or a state?**
Prophet Equity Management II LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 170614.

**How much does Prophet Equity Management II LLC manage?**
Prophet Equity Management II LLC reports $171,407,407 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Prophet Equity Management II LLC's assets and staff changed since 2021?**
In the Form ADV data for Prophet Equity Management II LLC: Regulatory assets under management: $345,923,287 in the October 2021 data and $171,407,407 in the October 2026 data, down 50%. Total employees: 14 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Prophet Equity Management II LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1).

**Does Prophet Equity Management II 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/170614

**Does Prophet Equity Management II LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "The General Partner also generally requires a minimum investment of $5 million, although the General Partner reserves the right to accept lesser amounts."

**What changed in Prophet Equity Management II LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 4 to 7. Regulatory assets under management went from $236,888,339 to $171,407,407 (-28%).

## From the Form ADV filing

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

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

- Account minimum: $5,000,000

> The General Partner also generally requires a minimum investment of $5 million, although the General Partner reserves the right to accept lesser amounts.

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

### Regulatory assets under management (Item 5.F)
- Total: $171,407,407
- Discretionary: $171,407,407
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $171,407,407 |

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

### Firm details
- Registered since: 2014 (12 years)
- Employees: 8 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- prophetequity.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $345,923,287 | 14 | July 28, 2021 |
| October 2022 | $342,668,519 | 8 | March 31, 2022 |
| October 2023 | $283,252,660 | 6 | March 31, 2023 |
| October 2024 | $249,672,605 | 8 | March 30, 2024 |
| October 2025 | $236,888,339 | 6 | March 28, 2025 |
| October 2026 | $171,407,407 | 8 | March 31, 2026 |

Regulatory assets under management: $345,923,287 in the October 2021 data and $171,407,407 in the October 2026 data, down 50%.
Total employees: 14 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 4 to 7.
- Regulatory assets under management went from $236,888,339 to $171,407,407 (-28%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Prophet Equity Management II LLC (CRD 170614): Form ADV filing data as of October 2026.