# Variant Perception

> Variant Perception is an SEC-registered investment advisory firm in Charlotte, NC, registered since 2025, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 334510
- Filed as: VARIANT PERCEPTION
- Legal name: Variant Perception, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Charlotte, NC
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/334510
- AdvisorCensus page: https://advisorcensus.com/firm/variant-perception-charlotte-nc-334510

## Quick answers

**How is Variant Perception compensated?**
On its Form ADV (Item 5.E, October 2026), Variant Perception reports these compensation arrangements: a percentage of assets under its management; subscription fees (for a newsletter or periodical); other.

**Where is Variant Perception located?**
Variant Perception's principal office is in Charlotte, NC, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Variant Perception registered with the SEC or a state?**
Variant Perception is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 334510.

**How much does Variant Perception manage?**
Variant Perception reports $31,890,778 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**What types of clients does Variant Perception serve?**
By number of clients on Form ADV Item 5.D: investment companies (1).

**Does Variant Perception report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), and 11.E(2) (self-regulatory organization's finding of a rule 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/334510

**Does Variant Perception state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "There is no account minimum for Variant Perception’s research services."

**What changed in Variant Perception's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 12 to 1. Added an office in London. 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
- Subscription fees (for a newsletter or periodical)
- Other

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: None

> There is no account minimum for Variant Perception’s research services.

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

### Regulatory assets under management (Item 5.F)
- Total: $31,890,778
- Discretionary: $31,890,778
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $31,890,778 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Publication of periodicals or newsletters

### Firm details
- Registered since: 2025 (0 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NC
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

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/334510

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- London

### Websites listed on Form ADV (Item 1.I)
- blog.variantperception.com
- etf.variantperception.com
- portal.variantperception.com/research
- variantperception.com
- LinkedIn @variantperception
- X @VrntPerception

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 12 to 1.
- Added an office in London.
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Newly registered with the SEC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Variant Perception (CRD 334510): Form ADV filing data as of October 2026.