{ "crd_number": 156398, "slug": "route-one-investment-company-l-p-san-francisco-ca-156398", "primary_business_name": "ROUTE ONE INVESTMENT COMPANY, L.P.", "legal_name": "ROUTE ONE INVESTMENT COMPANY, L.P.", "dbas": [], "city": "San Francisco", "state": "CA", "country": "United States", "cbsa_code": "41860", "metro": { "cbsa_code": "41860", "common_name": "San Francisco", "msa_name": "San Francisco-Oakland-Fremont, CA", "path": "/advisors/ca/san-francisco" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2011-03-29", "years_registered": 15, "period": "2026-10-01", "filing_date": "2026-03-25", "carried_forward": false, "raum_total": 4681719383.0, "raum_discretionary": 4681719383.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 20, "advisory_employees": 8, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 4681719383.0, "count": 4 } }, "compensation_types": [ "other", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [], "websites": [], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/156398", "city_as_filed": "SAN FRANCISCO", "url": "https://advisorcensus.com/firm/route-one-investment-company-l-p-san-francisco-ca-156398", "display_name": "Route One Investment Company, L.P.", "summary": "Route One Investment Company, L.P. is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2011, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.", "citation": "AdvisorCensus. Route One Investment Company, L.P. (CRD 156398): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees", "Other" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is Route One Investment Company, L.P. compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Route One Investment Company, L.P. reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Route One Investment Company, L.P. located?", "a": "Route One Investment Company, L.P.'s principal office is in San Francisco, CA, according to its Form ADV." }, { "q": "Is Route One Investment Company, L.P. registered with the SEC or a state?", "a": "Route One Investment Company, L.P. is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 156398." }, { "q": "How much does Route One Investment Company, L.P. manage?", "a": "Route One Investment Company, L.P. reports $4,681,719,383 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary)." }, { "q": "How have Route One Investment Company, L.P.'s assets and staff changed since 2021?", "a": "In the Form ADV data for Route One Investment Company, L.P.: Regulatory assets under management: $6,986,014,950 in the October 2021 data and $4,681,719,383 in the October 2026 data, down 33%. Total employees: 20 in October 2021 and 20 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Route One Investment Company, L.P. serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4)." }, { "q": "Does Route One Investment Company, L.P. report any disciplinary disclosures?", "a": "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/156398" }, { "q": "What changed in Route One Investment Company, L.P.'s recent Form ADV filings?", "a": "In the April 2026 filing data: No longer lists the business name Route One Investment Company, LLC." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 6986014950.0, "total_employees": 20, "filing_date": "2021-03-17" }, { "period": "2022-10-01", "regulatory_assets_under_management": 6915307821.0, "total_employees": 20, "filing_date": "2022-07-28" }, { "period": "2023-10-01", "regulatory_assets_under_management": 5254592770.0, "total_employees": 20, "filing_date": "2023-03-24" }, { "period": "2024-10-01", "regulatory_assets_under_management": 5366660545.0, "total_employees": 20, "filing_date": "2024-03-26" }, { "period": "2025-10-01", "regulatory_assets_under_management": 4985995353.0, "total_employees": 20, "filing_date": "2025-03-24" }, { "period": "2026-10-01", "regulatory_assets_under_management": 4681719383.0, "total_employees": 20, "filing_date": "2026-03-25" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "No longer lists the business name Route One Investment Company, LLC." ] }, { "period": "2026-02-01", "period_label": "February 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/route-one-investment-company-l-p-san-francisco-ca-156398.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 4, "fewer_than_5": false, "raum": 4681719383.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/156398", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }