# Trinity Street Asset Management LLP

> Trinity Street Asset Management LLP is an SEC-registered investment advisory firm in London, United Kingdom, registered since 2010, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 30, 2026.

- CRD: 152728
- Filed as: TRINITY STREET ASSET MANAGEMENT LLP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: London, United Kingdom
- Filing period: October 2026
- Form ADV filing dated: June 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/152728
- AdvisorCensus page: https://advisorcensus.com/firm/trinity-street-asset-management-llp-london-152728

## Quick answers

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

**Where is Trinity Street Asset Management LLP located?**
Trinity Street Asset Management LLP's principal office is in London, United Kingdom, according to its Form ADV.

**Is Trinity Street Asset Management LLP registered with the SEC or a state?**
Trinity Street Asset Management LLP is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 152728.

**How much does Trinity Street Asset Management LLP manage?**
Trinity Street Asset Management LLP reports $10,584,230,581 in regulatory assets under management in its Form ADV filing dated June 30, 2026 (100% discretionary).

**How have Trinity Street Asset Management LLP's assets and staff changed since 2021?**
In the Form ADV data for Trinity Street Asset Management LLP: Regulatory assets under management: $5,922,464,126 in the October 2021 data and $10,584,230,581 in the October 2026 data, up 79%. Total employees: 21 in October 2021 and 30 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Trinity Street Asset Management LLP serve?**
By number of clients on Form ADV Item 5.D: pension and profit sharing plans (but not the plan participants or government pension plans) (15); pooled investment vehicles (other than investment companies and business development companies) (6); investment companies (1).

**Which custodians does Trinity Street Asset Management LLP use?**
Trinity Street Asset Management LLP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon, Brown Brothers Harriman & Co, Northern Trust and State Street as custodians holding 10% or more of its separately managed account assets.

**Does Trinity Street Asset Management LLP report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/152728

**Does Trinity Street Asset Management LLP state an account minimum?**
Its Form ADV Part 2A brochure dated June 30, 2026 says: "Minimum account size is generally $ 25 million for opening any separately managed account, although the Adviser reserves the right in its sole discretion to accept client accounts with fewer initial assets."

**What changed in Trinity Street Asset Management LLP's recent Form ADV filings?**
In the July 2026 filing data: Regulatory assets under management went from $8,658,182,919 to $10,584,230,581 (+22%).

## 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 June 30, 2026)

- Account minimum: $25,000,000 (the brochure says it may be waived or negotiated)

> Minimum account size is generally $ 25 million for opening any separately managed account, although the Adviser reserves the right in its sole discretion to accept client accounts with fewer initial assets.

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

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon
- Brown Brothers Harriman & Co
- Northern Trust
- State Street

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $10,584,230,581
- Discretionary: $10,584,230,581
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $1,416,676,122 |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $6,755,565,797 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 15 | $1,850,439,897 |
| Charitable organizations | Fewer than 5 | $103,303,428 |
| Corporations or other businesses not listed above | Fewer than 5 | $458,245,337 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2010 (16 years)
- Employees: 30 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/152728

### Websites listed on Form ADV (Item 1.I)
- trinitystreetam.com
- LinkedIn @trinity-street-asset-management-llp

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $5,922,464,126 | 21 | June 23, 2021 |
| October 2022 | $5,019,322,076 | 21 | June 16, 2022 |
| October 2023 | $5,912,394,385 | 24 | June 22, 2023 |
| October 2024 | $8,581,513,583 | 27 | August 12, 2024 |
| October 2025 | $8,658,182,919 | 28 | June 9, 2025 |
| October 2026 | $10,584,230,581 | 30 | June 30, 2026 |

Regulatory assets under management: $5,922,464,126 in the October 2021 data and $10,584,230,581 in the October 2026 data, up 79%.
Total employees: 21 in October 2021 and 30 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Regulatory assets under management went from $8,658,182,919 to $10,584,230,581 (+22%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Trinity Street Asset Management LLP (CRD 152728): Form ADV filing data as of October 2026.