Melvin Capital Management LP (New York)

Melvin Capital Management LP is a large advisory firm based in New York. It manages $7.72 billion of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2014.

Melvin Capital Management provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Melvin Capital Management: assets under management

The assets under management (AUM) of Melvin Capital Management LP is $7.72 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 557% since the beginning of its operation, and $6.92 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $7.72 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $964.83 million each.

Melvin Capital Management has custody of $5.98 billion in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 76% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 19% of the firm’s portfolio. Investments in derivatives form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Melvin Capital Management LP for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Melvin Capital Management serves?

The only and largest group of clients of Melvin Capital Management is pooled investment vehicles with 7 clients and $5.98 billion of assets under management. Among the 10 most similar advisory firms, Melvin Capital Management has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $5.98 billion for 7 clients. 63% of the firm’s clients are foreign persons or businesses.

Melvin Capital Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Melvin Capital Management LP

The company employs 25 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Melvin Capital Llc	General partner	1 Sep 2014	Other	47-1088186
Gabriel Solomon Plotkin	Limited partner	1 Sep 2014	75% - 100%	4602375
David Farris Kurd	Chief operating officer	1 Sep 2014	Other	3092618
Michael Anthony Cinque	Chief financial officer	1 Sep 2014	Other	3167699
Evan Michael Cohen	Chief compliance officer	1 Sep 2014	Other	2085382

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Gabriel Solomon Plotkin	Member	1 Mar 2014	75% - 100%	4602375

Based in New York

The principal office where Melvin Capital Management LP performs its advisory services is located at 535 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Charlotte, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-373-1270 or by fax 212-373-1294. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday.