# Situational Awareness LP

> Situational Awareness LP is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2025, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 11, 2026.

- CRD: 333011
- Filed as: SITUATIONAL AWARENESS LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: June 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/333011
- AdvisorCensus page: https://advisorcensus.com/firm/situational-awareness-lp-san-francisco-ca-333011

## Quick answers

**How is Situational Awareness LP compensated?**
On its Form ADV (Item 5.E, October 2026), Situational Awareness 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 Situational Awareness LP located?**
Situational Awareness LP's principal office is in San Francisco, CA, according to its Form ADV.

**Is Situational Awareness LP registered with the SEC or a state?**
Situational Awareness LP is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 333011.

**How much does Situational Awareness LP manage?**
Situational Awareness LP reports $9,278,344,000 in regulatory assets under management in its Form ADV filing dated June 11, 2026 (100% discretionary).

**How have Situational Awareness LP's assets and staff changed since 2025?**
In the Form ADV data for Situational Awareness LP: Regulatory assets under management: $383,018,150 in the October 2025 data and $9,278,344,000 in the October 2026 data, up 2322%. Total employees: 4 in October 2025 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Situational Awareness LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does Situational Awareness 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/333011

**What changed in Situational Awareness LP's recent Form ADV filings?**
In the July 2026 filing data: 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: $9,278,344,000
- Discretionary: $9,278,344,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $9,278,344,000 |

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

### Firm details
- Registered since: 2025 (1 year)
- Employees: 8 total, 4 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [situationalawarenesslp.com](https://situationalawarenesslp.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $383,018,150 | 4 | January 25, 2025 |
| October 2026 | $9,278,344,000 | 8 | June 11, 2026 |

Regulatory assets under management: $383,018,150 in the October 2025 data and $9,278,344,000 in the October 2026 data, up 2322%.
Total employees: 4 in October 2025 and 8 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $383,018,150 to $9,278,344,000 (+2322%).
- Employees performing advisory functions went from 2 to 4.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Situational Awareness LP (CRD 333011): Form ADV filing data as of October 2026.