# Tensile Capital Management LP

> Tensile Capital Management LP is an SEC-registered investment advisory firm in Larkspur, CA, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 31, 2026.

- CRD: 164161
- Filed as: TENSILE CAPITAL MANAGEMENT LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Larkspur, CA
- Filing period: October 2026
- Form ADV filing dated: July 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/164161
- AdvisorCensus page: https://advisorcensus.com/firm/tensile-capital-management-lp-larkspur-ca-164161

## Quick answers

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

**Where is Tensile Capital Management LP located?**
Tensile Capital Management LP's principal office is in Larkspur, CA, according to its Form ADV; the August 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Tensile Capital Management LP registered with the SEC or a state?**
Tensile Capital Management LP is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 164161.

**How much does Tensile Capital Management LP manage?**
Tensile Capital Management LP reports $1,796,045,985 in regulatory assets under management in its Form ADV filing dated July 31, 2026 (100% discretionary).

**How have Tensile Capital Management LP's assets and staff changed since 2021?**
In the Form ADV data for Tensile Capital Management LP: Regulatory assets under management: $1,736,156,802 in the October 2021 data and $1,796,045,985 in the October 2026 data, up 3%. Total employees: 10 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Tensile 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) (6).

**Does Tensile 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/164161

**What changed in Tensile Capital Management LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 7 to 8. Regulatory assets under management went from $2,040,819,415 to $1,796,045,985 (-12%).

## 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: $1,796,045,985
- Discretionary: $1,796,045,985
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $1,796,045,985 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 11 total, 8 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- tensilecapital.com
- LinkedIn @tensile-capital-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,736,156,802 | 10 | March 30, 2021 |
| October 2022 | $1,863,598,318 | 12 | March 30, 2022 |
| October 2023 | $1,784,285,262 | 12 | June 15, 2023 |
| October 2024 | $1,908,965,335 | 11 | May 2, 2024 |
| October 2025 | $2,040,819,415 | 11 | May 1, 2025 |
| October 2026 | $1,796,045,985 | 11 | July 31, 2026 |

Regulatory assets under management: $1,736,156,802 in the October 2021 data and $1,796,045,985 in the October 2026 data, up 3%.
Total employees: 10 in October 2021 and 11 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 7 to 8.
- Regulatory assets under management went from $2,040,819,415 to $1,796,045,985 (-12%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Tensile Capital Management LP (CRD 164161): Form ADV filing data as of October 2026.