# Southpaw Asset Management, LP

> Southpaw Asset Management, LP is an SEC-registered investment advisory firm, registered since 2005, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 135693
- Filed as: SOUTHPAW ASSET MANAGEMENT, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/135693
- AdvisorCensus page: https://advisorcensus.com/firm/southpaw-asset-management-lp-135693

## Quick answers

**How is Southpaw Asset Management, LP compensated?**
On its Form ADV (Item 5.E, October 2026), Southpaw Asset Management, 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.

**Is Southpaw Asset Management, LP registered with the SEC or a state?**
Southpaw Asset Management, LP is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 135693.

**How much does Southpaw Asset Management, LP manage?**
Southpaw Asset Management, LP reports $125,138,631 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Southpaw Asset Management, LP's assets and staff changed since 2021?**
In the Form ADV data for Southpaw Asset Management, LP: Regulatory assets under management: $236,169,430 in the October 2021 data and $125,138,631 in the October 2026 data, down 47%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Southpaw Asset Management, 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 Southpaw Asset 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/135693

**What changed in Southpaw Asset Management, LP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $100,307,712 to $125,138,631 (+25%).

## 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: $125,138,631
- Discretionary: $125,138,631
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $125,138,631 |

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

### Firm details
- Registered since: 2005 (21 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $236,169,430 | 2 | March 30, 2021 |
| October 2022 | $80,504,055 | 2 | March 31, 2022 |
| October 2023 | $71,101,021 | 2 | March 31, 2023 |
| October 2024 | $89,118,634 | 2 | March 29, 2024 |
| October 2025 | $100,307,712 | 2 | March 28, 2025 |
| October 2026 | $125,138,631 | 2 | March 27, 2026 |

Regulatory assets under management: $236,169,430 in the October 2021 data and $125,138,631 in the October 2026 data, down 47%.
Total employees: 2 in October 2021 and 2 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $100,307,712 to $125,138,631 (+25%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Southpaw Asset Management, LP (CRD 135693): Form ADV filing data as of October 2026.