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NICHOLAS INVESTMENT PARTNERS, L.P.
CRD 140159File 801-66532
APPROVED
Retail clients
Custody
Filing as of Jul 10, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$1.45B
Above cohort median (national)
Discretionary AUM
$1.45B
Clients
26
32 accounts
Employees
12
Above cohort median in CA
Identity & registration
ADV Item 1- Organization form
- Limited Partnership
- Firm type
- Registered
- SEC region
- LARO
- Registration date
- Apr 17, 2006
- Principal office
- 12520 HIGH BLUFF DRIVE, SUITE 390, SAN DIEGO, CA, 92130
- Phone
- 858-759-4545
- Website
- https://nicfunds.com
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $1.45B
- Discretionary AUM
- $1.45B
- Non-discretionary AUM
- $0
- Discretionary accounts
- 32
- Non-discretionary accounts
- 0
- Total accounts
- 32
- AUM per client
- $55.8M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Investment companies | 1 | $143.2M |
| Charitable organizations | 3 | $22.5M |
| Other investment advisers | Fewer than 5 | $0 |
| High net worth individuals | 8 | $536.2M |
| Pooled investment vehicles | 3 | $348.1M |
| State or municipal government entities | 11 | $400.9M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Performance-based fees
- A percentage of assets under your management
Advisory activities
- Other advisory activities
- Portfolio management for businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- Yes
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- Yes
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Apr 1, 2026 | AUM | $1,311,813,654 | $1,450,892,122 | increased by$139,078,468 |
| Dec 1, 2025 vs May 1, 2025 | Clients | 27 | 26 | decreased by1 |
| Dec 1, 2025 vs May 1, 2025 | AUM | $1,184,590,858 | $1,311,813,654 | increased by$127,222,796 |
| Dec 1, 2025 vs May 1, 2025 | Accounts | 33 | 32 | decreased by1 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 35 | 27 | decreased by8 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $1,797,956,714 | $1,184,590,858 | decreased by$613,365,856 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 42 | 33 | decreased by9 |
| Apr 1, 2022 | Clients | 24 | 35 | increased by11 |
| Apr 1, 2022 | AUM | $1,586,011,931 | $1,797,956,714 | increased by$211,944,783 |
| Apr 1, 2022 | Accounts | 30 | 42 | increased by12 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “NICHOLAS INVESTMENT” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“NICHOLAS INVESTMENT” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.