{ "crd_number": 285645, "slug": "sepio-capital-lp-salt-lake-city-ut-285645", "primary_business_name": "SEPIO CAPITAL, LP", "legal_name": "SEPIO CAPITAL, LP", "dbas": [], "city": "Salt Lake City", "state": "UT", "country": "United States", "cbsa_code": "41620", "metro": { "cbsa_code": "41620", "common_name": "Salt Lake City", "msa_name": "Salt Lake City-Murray, UT", "path": "/advisors/ut/salt-lake-city" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2017-05-12", "years_registered": 9, "period": "2026-10-01", "filing_date": "2026-04-27", "carried_forward": false, "raum_total": 5641210181.0, "raum_discretionary": 5037980206.0, "raum_non_discretionary": 603229975.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 31, "advisory_employees": 18, "client_count_bucket": null, "clients_by_type": { "charitable": { "raum": 541935700.0, "count": 7 }, "investment_companies": { "raum": 628022856.0, "count": 2 }, "high_net_worth_individuals": { "raum": 4148057925.0, "count": 276 }, "pooled_investment_vehicles": { "raum": 323193700.0, "count": 10 } }, "compensation_types": [ "fixed", "other", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "financial_planning", "pension_consulting", "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_investment_companies", "portfolio_management_pooled_vehicles", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "AK", "AR", "AZ", "CA", "CO", "CT", "DC", "DE", "FL", "GA", "HI", "ID", "KS", "LA", "MA", "MD", "MI", "MT", "NC", "NE", "NH", "NV", "NY", "OK", "OR", "PA", "SD", "TN", "TX", "UT", "VA", "WA", "WY" ], "websites": [ "https://linkedin.com/COMPANY/SEPIOCAP-", "https://sepiocap.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/285645", "city_as_filed": "SALT LAKE CITY", "url": "https://advisorcensus.com/firm/sepio-capital-lp-salt-lake-city-ut-285645", "display_name": "Sepio Capital, LP", "summary": "Sepio Capital, LP is an SEC-registered investment advisory firm in Salt Lake City, UT, registered since 2017, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 27, 2026.", "citation": "AdvisorCensus. Sepio Capital, LP (CRD 285645): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Fixed fees (other than subscription fees)", "Performance-based fees", "Other" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Portfolio management for investment companies (and business development companies)", "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients", "Pension consulting services", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is Sepio Capital, LP compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Sepio Capital, LP reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees; other." }, { "q": "Where is Sepio Capital, LP located?", "a": "Sepio Capital, LP's principal office is in Salt Lake City, UT, according to its Form ADV." }, { "q": "Is Sepio Capital, LP registered with the SEC or a state?", "a": "Sepio Capital, LP is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 285645." }, { "q": "How much does Sepio Capital, LP manage?", "a": "Sepio Capital, LP reports $5,641,210,181 in regulatory assets under management in its Form ADV filing dated April 27, 2026 (89% discretionary)." }, { "q": "How have Sepio Capital, LP's assets and staff changed since 2021?", "a": "In the Form ADV data for Sepio Capital, LP: Regulatory assets under management: $4,422,858,591 in the October 2021 data and $5,641,210,181 in the October 2026 data, up 28%. Total employees: 25 in October 2021 and 31 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Sepio Capital, LP serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (276); pooled investment vehicles (other than investment companies and business development companies) (10); charitable organizations (7)." }, { "q": "Which custodians does Sepio Capital, LP use?", "a": "Sepio Capital, LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Sepio Capital, 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/285645" }, { "q": "What changed in Sepio Capital, LP's recent Form ADV filings?", "a": "In the May 2026 filing data: Registered or notice-filed in AR. Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 4422858591.0, "total_employees": 25, "filing_date": "2021-09-07" }, { "period": "2022-10-01", "regulatory_assets_under_management": 6241513643.0, "total_employees": 30, "filing_date": "2022-05-17" }, { "period": "2023-10-01", "regulatory_assets_under_management": 5059745774.0, "total_employees": 29, "filing_date": "2023-06-21" }, { "period": "2024-10-01", "regulatory_assets_under_management": 6672033386.0, "total_employees": 24, "filing_date": "2024-05-22" }, { "period": "2025-10-01", "regulatory_assets_under_management": 4464814589.0, "total_employees": 27, "filing_date": "2025-07-28" }, { "period": "2026-10-01", "regulatory_assets_under_management": 5641210181.0, "total_employees": 31, "filing_date": "2026-04-27" } ], "recent_changes": [ { "period": "2026-05-01", "period_label": "May 2026", "notes": [ "Registered or notice-filed in AR.", "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 17 to 18.", "Regulatory assets under management went from $4,464,814,589 to $5,641,210,181 (+26%).", "Registered or notice-filed in AK, DC, DE, ID, KS, MA, MI, MT, NC, OK, OR, PA, SD, VA, WA." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Fidelity Brokerage Services LLC", "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC", "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/sepio-capital-lp-salt-lake-city-ut-285645.md", "clients": [ { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 276, "fewer_than_5": false, "raum": 4148057925.0 }, { "type": "investment_companies", "label": "Investment companies", "count": 2, "fewer_than_5": false, "raum": 628022856.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 10, "fewer_than_5": false, "raum": 323193700.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 7, "fewer_than_5": false, "raum": 541935700.0 } ], "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/285645", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }