# Zimmer Partners, LP

> Zimmer Partners, LP is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 6, 2026.

- CRD: 165684
- Filed as: ZIMMER PARTNERS, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: April 6, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/165684
- AdvisorCensus page: https://advisorcensus.com/firm/zimmer-partners-lp-new-york-ny-165684

## Quick answers

**How is Zimmer Partners, LP compensated?**
On its Form ADV (Item 5.E, October 2026), Zimmer Partners, 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 Zimmer Partners, LP located?**
Zimmer Partners, LP's principal office is in New York, NY, according to its Form ADV.

**Is Zimmer Partners, LP registered with the SEC or a state?**
Zimmer Partners, LP is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 165684.

**How much does Zimmer Partners, LP manage?**
Zimmer Partners, LP reports $5,238,017,042 in regulatory assets under management in its Form ADV filing dated April 6, 2026 (100% discretionary).

**How have Zimmer Partners, LP's assets and staff changed since 2021?**
In the Form ADV data for Zimmer Partners, LP: Regulatory assets under management: $8,954,621,000 in the October 2021 data and $5,238,017,042 in the October 2026 data, down 42%. Total employees: 35 in October 2021 and 32 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Zimmer Partners, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (13); insurance companies (3).

**Which custodians does Zimmer Partners, LP use?**
Zimmer Partners, LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Barclays Capital Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Zimmer Partners, 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/165684

**What changed in Zimmer Partners, LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 20 to 19. Regulatory assets under management went from $7,905,209,470 to $5,238,017,042 (-34%). 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

### Custodians (Schedule D, Section 5.K(3))
- Barclays Capital Inc.

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: $5,238,017,042
- Discretionary: $5,238,017,042
- 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) | 13 | $4,555,786,756 |
| 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 | 3 | $682,230,286 |
| 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)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2012 (13 years)
- Employees: 32 total, 19 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)
- LinkedIn @zimmer-partners-lp

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $8,954,621,000 | 35 | April 8, 2021 |
| October 2022 | $8,697,708,565 | 40 | April 27, 2022 |
| October 2023 | $8,226,001,275 | 38 | March 31, 2023 |
| October 2024 | $6,842,318,663 | 42 | March 27, 2024 |
| October 2025 | $7,905,209,470 | 37 | March 14, 2025 |
| October 2026 | $5,238,017,042 | 32 | April 6, 2026 |

Regulatory assets under management: $8,954,621,000 in the October 2021 data and $5,238,017,042 in the October 2026 data, down 42%.
Total employees: 35 in October 2021 and 32 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 20 to 19.
- Regulatory assets under management went from $7,905,209,470 to $5,238,017,042 (-34%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Zimmer Partners, LP (CRD 165684): Form ADV filing data as of October 2026.