# The Quarry LP

> The Quarry LP is an SEC-registered investment advisory firm in New York, NY, registered since 2023, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 323449
- Filed as: THE QUARRY LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/323449
- AdvisorCensus page: https://advisorcensus.com/firm/the-quarry-lp-new-york-ny-323449

## Quick answers

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

**Where is The Quarry LP located?**
The Quarry LP's principal office is in New York, NY, according to its Form ADV.

**Is The Quarry LP registered with the SEC or a state?**
The Quarry LP is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 323449.

**How much does The Quarry LP manage?**
The Quarry LP reports $1,005,331,707 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have The Quarry LP's assets and staff changed since 2023?**
In the Form ADV data for The Quarry LP: Regulatory assets under management: $348,693,256 in the October 2023 data and $1,005,331,707 in the October 2026 data, up 188%. Total employees: 9 in October 2023 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does The Quarry 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 The Quarry 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/323449

**Does The Quarry LP state an account minimum?**
Its Form ADV Part 2A brochure dated March 30, 2026 says: "Generally, the minimum initial investment in the Fund is $2 million. However, the General Partner and/or the Firm, as applicable, may, in its sole discretion, accept a lower initial investment from time to time."

**What changed in The Quarry LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 4 to 2. Regulatory assets under management went from $702,542,458 to $1,005,331,707 (+43%). 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

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Account minimum: $2,000,000 (the brochure says it may be waived or negotiated)

> Generally, the minimum initial investment in the Fund is $2 million. However, the General Partner and/or the Firm, as applicable, may, in its sole discretion, accept a lower initial investment from time to time.

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

### Regulatory assets under management (Item 5.F)
- Total: $1,005,331,707
- Discretionary: $1,005,331,707
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $1,005,331,707 |

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

### Firm details
- Registered since: 2023 (3 years)
- Employees: 11 total, 2 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)
- quarrylp.com
- LinkedIn @the-quarry-lp

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $348,693,256 | 9 | June 30, 2023 |
| October 2024 | $462,423,509 | 14 | March 28, 2024 |
| October 2025 | $702,542,458 | 14 | March 27, 2025 |
| October 2026 | $1,005,331,707 | 11 | March 30, 2026 |

Regulatory assets under management: $348,693,256 in the October 2023 data and $1,005,331,707 in the October 2026 data, up 188%.
Total employees: 9 in October 2023 and 11 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 4 to 2.
- Regulatory assets under management went from $702,542,458 to $1,005,331,707 (+43%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. The Quarry LP (CRD 323449): Form ADV filing data as of October 2026.