# Tspi, LP

> Tspi, LP is an SEC-registered investment advisory firm in New York, NY, registered since 2018, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 29, 2026.

- CRD: 291090
- Filed as: TSPI, LP
- Also doing business as: SIGHTWAY CAPITAL
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: May 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/291090
- AdvisorCensus page: https://advisorcensus.com/firm/tspi-lp-new-york-ny-291090

## Quick answers

**How is Tspi, LP compensated?**
On its Form ADV (Item 5.E, October 2026), Tspi, 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 Tspi, LP located?**
Tspi, LP's principal office is in New York, NY, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Tspi, LP registered with the SEC or a state?**
Tspi, LP is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 291090.

**How much does Tspi, LP manage?**
Tspi, LP reports $1,924,326,813 in regulatory assets under management in its Form ADV filing dated May 29, 2026 (100% discretionary).

**How have Tspi, LP's assets and staff changed since 2021?**
In the Form ADV data for Tspi, LP: Regulatory assets under management: $3,058,050,384 in the October 2021 data and $1,924,326,813 in the October 2026 data, down 37%. Total employees: 51 in October 2021 and 34 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Tspi, 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 Tspi, 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/291090

**What changed in Tspi, LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 10 to 9. 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

### Regulatory assets under management (Item 5.F)
- Total: $1,924,326,813
- Discretionary: $1,924,326,813
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $1,924,326,813 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2018 (8 years)
- Employees: 34 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

### Websites listed on Form ADV (Item 1.I)
- [sightwaycapital.com](https://sightwaycapital.com)
- LinkedIn @sightway-capital
- LinkedIn @two-sigma-investments
- X @twosigma

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,058,050,384 | 51 | March 31, 2021 |
| October 2022 | $4,090,022,589 | 103 | April 8, 2022 |
| October 2023 | $3,318,047,465 | 96 | July 14, 2023 |
| October 2024 | $2,379,764,040 | 64 | August 9, 2024 |
| October 2025 | $2,086,343,091 | 39 | June 2, 2025 |
| October 2026 | $1,924,326,813 | 34 | May 29, 2026 |

Regulatory assets under management: $3,058,050,384 in the October 2021 data and $1,924,326,813 in the October 2026 data, down 37%.
Total employees: 51 in October 2021 and 34 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 10 to 9.
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Tspi, LP (CRD 291090): Form ADV filing data as of October 2026.