# RTW Investments LP

> RTW Investments LP is an SEC-registered investment advisory firm in New York, NY, registered since 2013, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 153232
- Filed as: RTW INVESTMENTS LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/153232
- AdvisorCensus page: https://advisorcensus.com/firm/rtw-investments-lp-new-york-ny-153232

## Quick answers

**How is RTW Investments LP compensated?**
On its Form ADV (Item 5.E, October 2026), RTW Investments LP 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 RTW Investments LP located?**
RTW Investments LP's principal office is in New York, NY, according to its Form ADV.

**Is RTW Investments LP registered with the SEC or a state?**
RTW Investments LP is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 153232.

**How much does RTW Investments LP manage?**
RTW Investments LP reports $14,137,925,887 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have RTW Investments LP's assets and staff changed since 2021?**
In the Form ADV data for RTW Investments LP: Regulatory assets under management: $7,983,332,490 in the October 2021 data and $14,137,925,887 in the October 2026 data, up 77%. Total employees: 47 in October 2021 and 70 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does RTW Investments LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (10).

**Does RTW Investments LP report any disciplinary disclosures?**
Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.C(1) (SEC or CFTC finding of a false statement or omission), 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/153232

**What changed in RTW Investments LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 32 to 35. Regulatory assets under management went from $9,806,112,769 to $14,137,925,887 (+44%). 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: $14,137,925,887
- Discretionary: $14,137,925,887
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 10 | $14,137,925,887 |

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

### Firm details
- Registered since: 2013 (13 years)
- Employees: 70 total, 35 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports 4 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(1): Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/153232

### Websites listed on Form ADV (Item 1.I)
- rtwfunds.com
- Instagram @rtwinvestmentslp
- LinkedIn @RTW-INVESTMENTS-LLC
- X @rtwlp
- YouTube @rtwinvestmentslp

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $7,983,332,490 | 47 | September 8, 2021 |
| October 2022 | $8,730,907,156 | 54 | May 5, 2022 |
| October 2023 | $7,179,756,279 | 67 | May 30, 2023 |
| October 2024 | $8,820,485,054 | 59 | March 28, 2024 |
| October 2025 | $9,806,112,769 | 67 | March 28, 2025 |
| October 2026 | $14,137,925,887 | 70 | March 30, 2026 |

Regulatory assets under management: $7,983,332,490 in the October 2021 data and $14,137,925,887 in the October 2026 data, up 77%.
Total employees: 47 in October 2021 and 70 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 32 to 35.
- Regulatory assets under management went from $9,806,112,769 to $14,137,925,887 (+44%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. RTW Investments LP (CRD 153232): Form ADV filing data as of October 2026.