# Soma Equity Partners, LP

> Soma Equity Partners, LP is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2016, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 283613
- Filed as: SOMA EQUITY PARTNERS, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/283613
- AdvisorCensus page: https://advisorcensus.com/firm/soma-equity-partners-lp-san-francisco-ca-283613

## Quick answers

**How is Soma Equity Partners, LP compensated?**
On its Form ADV (Item 5.E, October 2026), Soma Equity Partners, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does Soma Equity Partners, LP charge?**
Its Form ADV Part 2A brochure dated March 27, 2026 states: Asset-based fee: 1% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Soma Equity Partners, LP located?**
Soma Equity Partners, LP's principal office is in San Francisco, CA, according to its Form ADV.

**Is Soma Equity Partners, LP registered with the SEC or a state?**
Soma Equity Partners, LP is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 283613.

**How much does Soma Equity Partners, LP manage?**
Soma Equity Partners, LP reports $1,946,491,854 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Soma Equity Partners, LP's assets and staff changed since 2021?**
In the Form ADV data for Soma Equity Partners, LP: Regulatory assets under management: $4,547,506,111 in the October 2021 data and $1,946,491,854 in the October 2026 data, down 57%. Total employees: 12 in October 2021 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Soma Equity Partners, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).

**Does Soma Equity Partners, 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/283613

**Does Soma Equity Partners, LP state an account minimum?**
Its Form ADV Part 2A brochure dated March 27, 2026 says: "The minimum initial contribution for Investors is generally $1,000,000. However, the minimum initial contribution is subject to reduction or waiver at the discretion of the Fund’s General Partner or directors, as applicable"

**What changed in Soma Equity Partners, LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 5 to 4. No longer lists an office in Stamford, CT.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Asset-based fee: 1% to 2% a year (a range, as the brochure states it)

> SoMa generally charges an annual Management Fee that can range from 1.0% to 2.0% of the net assets under management, payable monthly in advance (“Management Fee”).

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> The minimum initial contribution for Investors is generally $1,000,000. However, the minimum initial contribution is subject to reduction or waiver at the discretion of the Fund’s General Partner or directors, as applicable

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $1,946,491,854
- Discretionary: $1,946,491,854
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $1,946,491,854 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2016 (9 years)
- Employees: 15 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- somaequity.com
- LinkedIn @soma-equity-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $4,547,506,111 | 12 | March 25, 2021 |
| October 2022 | $3,957,800,330 | 13 | July 12, 2022 |
| October 2023 | $2,508,040,345 | 13 | March 28, 2023 |
| October 2024 | $2,405,314,780 | 15 | March 27, 2024 |
| October 2025 | $2,140,357,266 | 15 | March 27, 2025 |
| October 2026 | $1,946,491,854 | 15 | March 27, 2026 |

Regulatory assets under management: $4,547,506,111 in the October 2021 data and $1,946,491,854 in the October 2026 data, down 57%.
Total employees: 12 in October 2021 and 15 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 5 to 4.
- No longer lists an office in Stamford, CT.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Soma Equity Partners, LP (CRD 283613): Form ADV filing data as of October 2026.