# ZMC Advisors, L.P.

> ZMC Advisors, L.P. is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 161274
- Filed as: ZMC ADVISORS, L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/161274
- AdvisorCensus page: https://advisorcensus.com/firm/zmc-advisors-l-p-new-york-ny-161274

## Quick answers

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

**Is ZMC Advisors, L.P. registered with the SEC or a state?**
ZMC Advisors, L.P. is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161274.

**How much does ZMC Advisors, L.P. manage?**
ZMC Advisors, L.P. reports $2,575,358,490 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have ZMC Advisors, L.P.'s assets and staff changed since 2021?**
In the Form ADV data for ZMC Advisors, L.P.: Regulatory assets under management: $2,319,762,642 in the October 2021 data and $2,575,358,490 in the October 2026 data, up 11%. Total employees: 18 in October 2021 and 20 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does ZMC Advisors, L.P. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (11).

**Does ZMC Advisors, L.P. 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/161274

**What changed in ZMC Advisors, L.P.'s recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $3,078,954,921 to $2,575,358,490 (-16%). Employees performing advisory functions went from 18 to 14. 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: $2,575,358,490
- Discretionary: $2,575,358,490
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 11 | $2,575,358,490 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 20 total, 14 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.

### Websites listed on Form ADV (Item 1.I)
- [zmclp.com](https://zmclp.com)
- LinkedIn @zelnickmedia-zm-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,319,762,642 | 18 | March 29, 2021 |
| October 2022 | $2,717,980,042 | 20 | March 30, 2022 |
| October 2023 | $2,256,439,498 | 20 | March 29, 2023 |
| October 2024 | $3,171,637,720 | 26 | July 30, 2024 |
| October 2025 | $3,078,954,921 | 24 | March 30, 2025 |
| October 2026 | $2,575,358,490 | 20 | March 31, 2026 |

Regulatory assets under management: $2,319,762,642 in the October 2021 data and $2,575,358,490 in the October 2026 data, up 11%.
Total employees: 18 in October 2021 and 20 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $3,078,954,921 to $2,575,358,490 (-16%).
- Employees performing advisory functions went from 18 to 14.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. ZMC Advisors, L.P. (CRD 161274): Form ADV filing data as of October 2026.