AdvisorCensus / Financial advisors / Pennsylvania / Philadelphia / Stevens Capital Management LP
Stevens Capital Management LP is an SEC-registered investment advisory firm in Radnor, PA, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 23, 2026.
Quick answers
From the filingHow is Stevens Capital Management LP compensated?
On its Form ADV (Item 5.E, October 2026), Stevens Capital Management LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
What does Stevens Capital Management LP's brochure say about its fees?
Its Form ADV Part 2A brochure dated March 23, 2026 states: Asset-based fee: 2.5% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Stevens Capital Management LP located?
Stevens Capital Management LP's principal office is in Radnor, PA, according to its Form ADV.
Is Stevens Capital Management LP registered with the SEC or a state?
Stevens Capital Management LP is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161202.
How much does Stevens Capital Management LP manage?
Stevens Capital Management LP reports $3,678,695,877 in regulatory assets under management in its Form ADV filing dated March 23, 2026 (100% discretionary).
How have Stevens Capital Management LP's assets and staff changed since 2021?
In the Form ADV data for Stevens Capital Management LP: Regulatory assets under management: $2,495,807,221 in the October 2021 data and $3,678,695,877 in the October 2026 data, up 47%. Total employees: 61 in October 2021 and 65 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Stevens Capital Management 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 Stevens Capital 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/161202
Does Stevens Capital Management LP state an account minimum?
Its Form ADV Part 2A brochure dated March 23, 2026 says: "The minimum initial subscription is U.S. $1,000,000.00, which may be waived in the discretion of the Board of Directors of TIF, HFL or TFF, or by Adams, as General Partner of TFFLP, as applicable."
What changed in Stevens Capital Management LP's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $3,047,496,259 to $3,678,695,877 (+21%). No longer lists an office in Jersey City, NJ.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 2.5% of assets a year
The brochure's wording
SCM receives a management fee (the “Management Fee”) equal to the annualized rate of 2.5% of the net asset value (“NAV”) of each shareholders’ shares in the pertinent Fund as of the beginning of each month, deducted monthly in arrears at the end of each month.
Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
The minimum initial subscription is U.S. $1,000,000.00, which may be waived in the discretion of the Board of Directors of TIF, HFL or TFF, or by Adams, as General Partner of TFFLP, as applicable.
As stated in the firm's Form ADV Part 2A brochure dated March 23, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$3,678,695,877 as of October 2026, filing dated March 23, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2012 (14 years)
- Employees
- Total: 65. Performing investment advisory functions: 26.
- Wrap fee program participation
- No.
- States registered or notice-filed
- Not reported.
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $3,678,695,877 | 65 | March 23, 2026 |
| October 2025 | $3,047,496,259 | 63 | March 17, 2025 |
| October 2024 | $3,223,398,154 | 64 | March 26, 2024 |
| October 2023 | $3,167,765,627 | 59 | March 28, 2023 |
| October 2022 | $3,311,455,246 | 57 | March 28, 2022 |
| October 2021 | $2,495,807,221 | 61 | July 28, 2021 |
Regulatory assets under management: $2,495,807,221 in the October 2021 data and $3,678,695,877 in the October 2026 data, up 47%.
Total employees: 61 in October 2021 and 65 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $3,047,496,259 to $3,678,695,877 (+21%).
- No longer lists an office in Jersey City, NJ.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Stevens Capital Management LP (CRD 161202): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/stevens-capital-management-lp-radnor-pa-161202