# Sandia Investment Management LP

> 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.

- CRD: 311098
- Filed as: SANDIA INVESTMENT MANAGEMENT LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: June 10, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/311098
- AdvisorCensus page: https://advisorcensus.com/firm/sandia-investment-management-lp-boston-ma-311098

## Quick answers

**How is Sandia Investment Management LP compensated?**
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.

**Where is Sandia Investment Management LP located?**
Sandia Investment Management LP's principal office is in Boston, MA, according to its Form ADV.

**Is Sandia Investment Management LP registered with the SEC or a state?**
Sandia Investment Management LP is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 311098.

**How much does Sandia Investment Management LP manage?**
Sandia Investment Management LP reports $625,412,805 in regulatory assets under management in its Form ADV filing dated June 10, 2026 (98% discretionary).

**How have Sandia Investment Management LP's assets and staff changed since 2021?**
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.

**What types of clients does Sandia Investment Management LP serve?**
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).

**Which custodians does Sandia Investment Management LP use?**
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.

**Does Sandia Investment Management LP 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/311098

**What changed in Sandia Investment Management LP's recent Form ADV filings?**
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).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Goldman Sachs & Co. LLC
- Merrill Lynch, Pierce, Fenner & Smith Incorporated

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.

### Regulatory assets under management (Item 5.F)
- Total: $625,412,805
- Discretionary: $611,580,000
- Non-discretionary: $13,832,805

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 8 | $606,580,000 |
| Corporations or other businesses not listed above | 2 | $18,832,805 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2021 (5 years)
- Employees: 6 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $115,000,000 | 1 | August 9, 2021 |
| October 2022 | $833,875,000 | 4 | March 31, 2022 |
| October 2023 | $826,860,142 | 4 | March 31, 2023 |
| October 2024 | $634,989,869 | 4 | March 28, 2024 |
| October 2025 | $581,711,901 | 6 | March 31, 2025 |
| October 2026 | $625,412,805 | 6 | June 10, 2026 |

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.

## Changes in the filing (last 12 months)

### July 2026
- Changed its legal name from Sandia Investment Managment LP to Sandia Investment Management LP.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Sandia Investment Management LP (CRD 311098): Form ADV filing data as of October 2026.