{"url":"https://nivawealth.com/firms/gavilan-investment-partners-311134","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/311134","regulatoryAum":514702037,"crd":"311134","history":[{"filedOn":"2022-06-17","regulatoryAum":48256446,"clients":1,"employees":2,"offices":1},{"filedOn":"2023-03-23","regulatoryAum":128714995,"clients":2,"employees":2,"offices":1},{"filedOn":"2024-03-27","regulatoryAum":349962841,"clients":2,"employees":2,"offices":1},{"filedOn":"2025-05-07","regulatoryAum":445147698,"clients":2,"employees":1,"offices":1},{"filedOn":"2026-05-12","regulatoryAum":514702037,"clients":2,"employees":2,"offices":1}],"secFileNumber":"801-125898","legalName":"Gavilan Investment Partners LLC","displayName":"Gavilan Investment Partners","slug":"gavilan-investment-partners-311134","website":"https://gavilanpartners.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/311134/4ec0e62b1c7d5bec-r1.webp","tone":"light","width":1105,"height":200,"sourceUrl":"https://www.gavilanpartners.com/","sourceLabel":"Gavilan Investment Partners LLC, website"},"classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_private_markets_manager","typeLabel":"Private markets","feeDisclosure":"payment_only"},"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"330 Primrose RD., Suite 208","city":"Burlingame","state":"CA","stateName":"California","country":"United States","postalCode":"94010"},"tradeNames":[],"registration":{"secApproved":"23 June 2022","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":2,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":514702037,"discretionary":514702037,"discretionaryAccounts":2,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":50,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":1,"regulatoryAum":66759090},{"label":"Sovereign wealth funds and foreign official institutions","clients":1,"fewerThan5":true,"regulatoryAum":447942947}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Citibank N.A.","shortName":"Citibank N.A.","location":"New York, NY","smaAssets":447942947}],"custodyNote":"Gavilan Investment Partners has custody of $66.8M in client assets for 1 client.","otherCustodians":[],"leadership":[{"name":"Louis Chang","title":"Managing Partner, Chief Compliance Officer","crd":"4841880"}],"ownership":[{"label":"Louis Chang","detail":"Managing partner, chief compliance officer in the 75% or more ownership band and a control person, since June 2020."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"330 Primrose RD., Suite 208","city":"Burlingame","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"650-334-4990","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":95},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":1},"sources":{"adv1FilingDate":"12 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/311134/PDF/311134.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Gavilan Investment Partners have?","answer":"Gavilan Investment Partners has 2 clients and manages $515 million for them, as of May 2026. They include 1 pooled investment vehicle and 1 sovereign wealth fund or foreign official institution.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 12 May 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Gavilan Investment Partners offer?","answer":"Gavilan Investment Partners provides portfolio management for pooled vehicles and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Gavilan Investment Partners use?","answer":"Gavilan Investment Partners’ separately managed account assets are held at Citibank N.A. (New York, NY), with $448M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 12 May 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Gavilan Investment Partners have?","answer":"Gavilan Investment Partners has 0 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Gavilan Investment Partners invest in?","answer":"At the end of its last fiscal year, Gavilan Investment Partners’ separately managed accounts held 95% exchange-traded equities and 5% cash and equivalents. It advises 1 private fund.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Gavilan Investment Partners?","answer":"Gavilan Investment Partners’ direct owner is Louis Chang (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 12 May 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Gavilan Investment Partners get paid?","answer":"Gavilan Investment Partners is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Gavilan Investment Partners?","answer":"Gavilan Investment Partners’ main office is at 330 Primrose RD., Suite 208, Burlingame, CA 94010. Its phone number is 650-334-4990. Its website is gavilanpartners.com.","source":"Form ADV Part 1A, Item 1.F, filed 12 May 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/gavilan-investment-partners-311134/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-13","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1963404/000139834426014275/0001398344-26-014275-index.html","totalValue":410764178,"positionCount":15,"top10Share":0.8073149406908603,"top10":[{"issuer":"AMAZON COM INC","titleOfClass":"COM","cusip":"023135106","value":45284600,"shares":190000,"shareType":"SH","priorValue":47902100,"priorShares":230000},{"issuer":"ASML HLDG NV","titleOfClass":"N Y REGISTRY SHS","cusip":"N07059210","value":38794080,"shares":19500,"shareType":"SH","priorValue":25756185,"priorShares":19500},{"issuer":"META PLATFORMS INC","titleOfClass":"CL A","cusip":"30303M102","value":36332205,"shares":64500,"shareType":"SH","priorValue":34899930,"priorShares":61000},{"issuer":"TAIWAN SEMICONDUCTOR MANUFAC","titleOfClass":"SPONSORED ADS","cusip":"874039100","value":36295320,"shares":76000,"shareType":"SH"},{"issuer":"MERCADOLIBRE INC","titleOfClass":"COM","cusip":"58733R102","value":35135973,"shares":20700,"shareType":"SH","priorValue":33715890,"priorShares":19500},{"issuer":"CARVANA CO","titleOfClass":"CL A","cusip":"146869102","value":32580900,"shares":495000,"shareType":"SH","priorValue":28922960,"priorShares":92000},{"issuer":"SPOTIFY TECHNOLOGY S A","titleOfClass":"SHS","cusip":"L8681T102","value":28006930,"shares":61000,"shareType":"SH","priorValue":24003045,"priorShares":49500},{"issuer":"MASTERCARD INCORPORATED","titleOfClass":"CL A","cusip":"57636Q104","value":27477600,"shares":53500,"shareType":"SH","priorValue":24733170,"priorShares":49500},{"issuer":"SHOPIFY INC","titleOfClass":"CL A SUB VTG SHS","cusip":"82509L107","value":26261400,"shares":230000,"shareType":"SH","priorValue":27282600,"priorShares":230000},{"issuer":"COUPANG INC","titleOfClass":"CL A","cusip":"22266T109","value":25447050,"shares":1465000,"shareType":"SH","priorValue":27659200,"priorShares":1465000}],"positionsListed":15,"positions":[{"issuer":"AMAZON COM INC","titleOfClass":"COM","cusip":"023135106","value":45284600,"shares":190000,"shareType":"SH","priorValue":47902100,"priorShares":230000},{"issuer":"ASML HLDG NV","titleOfClass":"N Y REGISTRY SHS","cusip":"N07059210","value":38794080,"shares":19500,"shareType":"SH","priorValue":25756185,"priorShares":19500},{"issuer":"META PLATFORMS INC","titleOfClass":"CL A","cusip":"30303M102","value":36332205,"shares":64500,"shareType":"SH","priorValue":34899930,"priorShares":61000},{"issuer":"TAIWAN SEMICONDUCTOR MANUFAC","titleOfClass":"SPONSORED ADS","cusip":"874039100","value":36295320,"shares":76000,"shareType":"SH"},{"issuer":"MERCADOLIBRE INC","titleOfClass":"COM","cusip":"58733R102","value":35135973,"shares":20700,"shareType":"SH","priorValue":33715890,"priorShares":19500},{"issuer":"CARVANA CO","titleOfClass":"CL A","cusip":"146869102","value":32580900,"shares":495000,"shareType":"SH","priorValue":28922960,"priorShares":92000},{"issuer":"SPOTIFY TECHNOLOGY S A","titleOfClass":"SHS","cusip":"L8681T102","value":28006930,"shares":61000,"shareType":"SH","priorValue":24003045,"priorShares":49500},{"issuer":"MASTERCARD INCORPORATED","titleOfClass":"CL A","cusip":"57636Q104","value":27477600,"shares":53500,"shareType":"SH","priorValue":24733170,"priorShares":49500},{"issuer":"SHOPIFY INC","titleOfClass":"CL A SUB VTG SHS","cusip":"82509L107","value":26261400,"shares":230000,"shareType":"SH","priorValue":27282600,"priorShares":230000},{"issuer":"COUPANG INC","titleOfClass":"CL A","cusip":"22266T109","value":25447050,"shares":1465000,"shareType":"SH","priorValue":27659200,"priorShares":1465000},{"issuer":"VISA INC","titleOfClass":"COM CL A","cusip":"92826C839","value":21614670,"shares":63000,"shareType":"SH","priorValue":19041120,"priorShares":63000},{"issuer":"ROBLOX CORP","titleOfClass":"CL A","cusip":"771049103","value":16857800,"shares":310000,"shareType":"SH","priorValue":17533600,"priorShares":310000},{"issuer":"UBER TECHNOLOGIES INC","titleOfClass":"COM","cusip":"90353T100","value":16596800,"shares":230000,"shareType":"SH","priorValue":16543900,"priorShares":230000},{"issuer":"PROCORE TECHNOLOGIES INC","titleOfClass":"COM","cusip":"74275K108","value":12389100,"shares":305000,"shareType":"SH","priorValue":21945000,"priorShares":385000},{"issuer":"GUIDEWIRE SOFTWARE INC","titleOfClass":"COM","cusip":"40171V100","value":11689750,"shares":95000,"shareType":"SH","priorValue":22359220,"priorShares":149500}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}