# Third Gear Capital Management LP

> Third Gear Capital Management LP is an SEC-registered investment advisory firm in Houston, TX, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 11, 2026.

- CRD: 327316
- Filed as: THIRD GEAR CAPITAL MANAGEMENT LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Houston, TX
- Filing period: October 2026
- Form ADV filing dated: June 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/327316
- AdvisorCensus page: https://advisorcensus.com/firm/third-gear-capital-management-lp-houston-tx-327316

## Quick answers

**How is Third Gear Capital Management LP compensated?**
On its Form ADV (Item 5.E, October 2026), Third Gear 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 Third Gear Capital Management LP located?**
Third Gear Capital Management LP's principal office is in Houston, TX, according to its Form ADV.

**Is Third Gear Capital Management LP registered with the SEC or a state?**
Third Gear Capital Management LP is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 327316.

**How much does Third Gear Capital Management LP manage?**
Third Gear Capital Management LP reports $115,650,293 in regulatory assets under management in its Form ADV filing dated June 11, 2026 (100% discretionary).

**How have Third Gear Capital Management LP's assets and staff changed since 2025?**
In the Form ADV data for Third Gear Capital Management LP: Regulatory assets under management: $13,284,827 in the October 2025 data and $115,650,293 in the October 2026 data, up 771%. Total employees: 3 in October 2025 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Third Gear 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 Third Gear 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/327316

**What changed in Third Gear Capital Management LP's recent Form ADV filings?**
In the December 2025 filing data: Regulatory assets under management went from $13,284,827 to $115,699,573 (+771%).

## 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: $115,650,293
- Discretionary: $115,650,293
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $115,650,293 |

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

### Firm details
- Registered since: 2025 (1 year)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- thirdgearinvestments.com
- LinkedIn @third-gear-investments

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $13,284,827 | 3 | June 2, 2025 |
| October 2026 | $115,650,293 | 3 | June 11, 2026 |

Regulatory assets under management: $13,284,827 in the October 2025 data and $115,650,293 in the October 2026 data, up 771%.
Total employees: 3 in October 2025 and 3 in October 2026.

## Changes in the filing (last 12 months)

### December 2025
- Regulatory assets under management went from $13,284,827 to $115,699,573 (+771%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Third Gear Capital Management LP (CRD 327316): Form ADV filing data as of October 2026.