# Prophet Equity Management LLC

> Prophet Equity Management LLC is an SEC-registered investment advisory firm in Southlake, TX, registered since 2012, reporting under $25 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 163214
- Filed as: PROPHET EQUITY MANAGEMENT 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/163214
- AdvisorCensus page: https://advisorcensus.com/firm/prophet-equity-management-llc-southlake-tx-163214

## Quick answers

**How is Prophet Equity Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Prophet Equity Management LLC reports these compensation arrangements: performance-based fees.

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

**Is Prophet Equity Management LLC registered with the SEC or a state?**
Prophet Equity Management LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 163214.

**How much does Prophet Equity Management LLC manage?**
Prophet Equity Management LLC reports $0 in regulatory assets under management in its Form ADV filing dated March 31, 2026.

**How have Prophet Equity Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Prophet Equity Management LLC: Regulatory assets under management: $128,561,940 in the October 2021 data and $0 in the October 2026 data, down 100%. 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 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 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/163214

**Does Prophet Equity Management 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 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 $57,000,000 to $0 (-100%).

## From the Form ADV filing

### Compensation (Item 5.E)
- 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: $0
- Discretionary: $0
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $0 |

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

### Firm details
- Registered since: 2012 (14 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 | $128,561,940 | 14 | July 28, 2021 |
| October 2022 | $130,280,413 | 8 | March 31, 2022 |
| October 2023 | $94,737,379 | 6 | March 31, 2023 |
| October 2024 | $61,060,184 | 8 | March 30, 2024 |
| October 2025 | $57,000,000 | 6 | March 28, 2025 |
| October 2026 | $0 | 8 | March 31, 2026 |

Regulatory assets under management: $128,561,940 in the October 2021 data and $0 in the October 2026 data, down 100%.
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 $57,000,000 to $0 (-100%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Prophet Equity Management LLC (CRD 163214): Form ADV filing data as of October 2026.