{ "crd_number": 311098, "slug": "sandia-investment-management-lp-boston-ma-311098", "primary_business_name": "SANDIA INVESTMENT MANAGEMENT LP", "legal_name": "SANDIA INVESTMENT MANAGEMENT LP", "dbas": [], "city": "Boston", "state": "MA", "country": "United States", "cbsa_code": "14460", "metro": { "cbsa_code": "14460", "common_name": "Boston", "msa_name": "Boston-Cambridge-Newton, MA-NH", "path": "/advisors/ma/boston" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2021-04-21", "years_registered": 5, "period": "2026-10-01", "filing_date": "2026-06-10", "carried_forward": false, "raum_total": 625412805.0, "raum_discretionary": 611580000.0, "raum_non_discretionary": 13832805.0, "raum_band": "500m_1b", "raum_band_label": "$500 million to $1 billion", "total_employees": 6, "advisory_employees": 5, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "pooled_investment_vehicles": { "raum": 606580000.0, "count": 8 }, "corporations_other_businesses": { "raum": 18832805.0, "count": 2, "fewer_than_5": true } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "MA" ], "websites": [ "https://sandialp.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/311098", "city_as_filed": "BOSTON", "url": "https://advisorcensus.com/firm/sandia-investment-management-lp-boston-ma-311098", "display_name": "Sandia Investment Management LP", "summary": "Sandia Investment Management LP is an SEC-registered investment advisory firm in Boston, MA, registered since 2021, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated June 10, 2026.", "citation": "AdvisorCensus. Sandia Investment Management LP (CRD 311098): 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" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is Sandia Investment Management LP compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Sandia Investment Management 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." }, { "q": "Where is Sandia Investment Management LP located?", "a": "Sandia Investment Management LP's principal office is in Boston, MA, according to its Form ADV." }, { "q": "Is Sandia Investment Management LP registered with the SEC or a state?", "a": "Sandia Investment Management LP is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 311098." }, { "q": "How much does Sandia Investment Management LP manage?", "a": "Sandia Investment Management LP reports $625,412,805 in regulatory assets under management in its Form ADV filing dated June 10, 2026 (98% discretionary)." }, { "q": "How have Sandia Investment Management LP's assets and staff changed since 2021?", "a": "In the Form ADV data for Sandia Investment Management LP: Regulatory assets under management: $115,000,000 in the October 2021 data and $625,412,805 in the October 2026 data, up 444%. Total employees: 1 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Sandia Investment Management LP serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (8); corporations or other businesses not listed above (2)." }, { "q": "Which custodians does Sandia Investment Management LP use?", "a": "Sandia Investment Management LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Goldman Sachs & Co. LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Sandia Investment Management LP 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/311098" }, { "q": "What changed in Sandia Investment Management LP's recent Form ADV filings?", "a": "In the July 2026 filing data: Changed its legal name from Sandia Investment Managment LP to Sandia Investment Management LP. Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 115000000.0, "total_employees": 1, "filing_date": "2021-08-09" }, { "period": "2022-10-01", "regulatory_assets_under_management": 833875000.0, "total_employees": 4, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 826860142.0, "total_employees": 4, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 634989869.0, "total_employees": 4, "filing_date": "2024-03-28" }, { "period": "2025-10-01", "regulatory_assets_under_management": 581711901.0, "total_employees": 6, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 625412805.0, "total_employees": 6, "filing_date": "2026-06-10" } ], "recent_changes": [ { "period": "2026-07-01", "period_label": "July 2026", "notes": [ "Changed its legal name from Sandia Investment Managment LP to Sandia Investment Management LP.", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Goldman Sachs & Co. LLC", "name_as_filed": "GOLDMAN SACHS & CO. LLC", "affiliated": false }, { "name": "Merrill Lynch, Pierce, Fenner & Smith Incorporated", "name_as_filed": "MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED", "affiliated": false } ], "custodians_note": "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.", "markdown_url": "https://advisorcensus.com/firm/sandia-investment-management-lp-boston-ma-311098.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 8, "fewer_than_5": false, "raum": 606580000.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 2, "fewer_than_5": true, "raum": 18832805.0 } ], "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/311098", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }