# Shellback Capital, LP

> Shellback Capital, LP is an SEC-registered investment advisory firm in Boston, MA, registered since 2013, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 12, 2026.

- CRD: 169642
- Filed as: SHELLBACK CAPITAL, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: March 12, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/169642
- AdvisorCensus page: https://advisorcensus.com/firm/shellback-capital-lp-boston-ma-169642

## Quick answers

**How is Shellback Capital, LP compensated?**
On its Form ADV (Item 5.E, October 2026), Shellback Capital, 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 Shellback Capital, LP located?**
Shellback Capital, LP's principal office is in Boston, MA, according to its Form ADV.

**Is Shellback Capital, LP registered with the SEC or a state?**
Shellback Capital, LP is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 169642.

**How much does Shellback Capital, LP manage?**
Shellback Capital, LP reports $1,628,990,779 in regulatory assets under management in its Form ADV filing dated March 12, 2026 (100% discretionary).

**How have Shellback Capital, LP's assets and staff changed since 2021?**
In the Form ADV data for Shellback Capital, LP: Regulatory assets under management: $1,588,247,492 in the October 2021 data and $1,628,990,779 in the October 2026 data, up 3%. Total employees: 10 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Shellback Capital, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Does Shellback Capital, 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/169642

**What changed in Shellback Capital, LP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $1,876,588,393 to $1,628,990,779 (-13%).

## 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: $1,628,990,779
- Discretionary: $1,628,990,779
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $1,628,990,779 |

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

### Firm details
- Registered since: 2013 (12 years)
- Employees: 10 total, 4 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)
- shellback.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,588,247,492 | 10 | March 19, 2021 |
| October 2022 | $1,543,851,805 | 11 | March 28, 2022 |
| October 2023 | $1,331,337,671 | 10 | March 22, 2023 |
| October 2024 | $1,659,498,099 | 10 | March 20, 2024 |
| October 2025 | $1,876,588,393 | 10 | March 25, 2025 |
| October 2026 | $1,628,990,779 | 10 | March 12, 2026 |

Regulatory assets under management: $1,588,247,492 in the October 2021 data and $1,628,990,779 in the October 2026 data, up 3%.
Total employees: 10 in October 2021 and 10 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $1,876,588,393 to $1,628,990,779 (-13%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Shellback Capital, LP (CRD 169642): Form ADV filing data as of October 2026.