{"url":"https://nivawealth.com/firms/orso-partners-304196","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/304196","regulatoryAum":387457490,"crd":"304196","history":[{"filedOn":"2021-07-01","regulatoryAum":293000000,"clients":1,"employees":3,"offices":1},{"filedOn":"2022-03-22","regulatoryAum":349000000,"clients":1,"employees":3,"offices":1},{"filedOn":"2023-07-17","regulatoryAum":410054000,"clients":1,"employees":3,"offices":1},{"filedOn":"2024-03-21","regulatoryAum":386937000,"clients":1,"employees":3,"offices":1},{"filedOn":"2025-03-27","regulatoryAum":373597000,"clients":1,"employees":3,"offices":1},{"filedOn":"2026-03-06","regulatoryAum":387457490,"clients":1,"employees":3,"offices":1}],"secFileNumber":"801-121939","legalName":"Orso Partners, LP","displayName":"Orso Partners","slug":"orso-partners-304196","website":null,"classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"founded":null,"organization":"California limited partnership","fiscalYearEnd":"December","headquarters":{"street":"395 Oyster Point, Suite 511","city":"South San Francisco","state":"CA","stateName":"California","country":"United States","postalCode":"94080"},"tradeNames":[],"registration":{"secApproved":"30 July 2021","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":3,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":387457490,"discretionary":387457490,"discretionaryAccounts":1,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":1},"clientTypes":[{"label":"Corporations and other businesses","clients":1,"fewerThan5":true,"regulatoryAum":387457490}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Morgan Stanley Smith Barney LLC","shortName":"Morgan Stanley","location":"San Francisco, CA","smaAssets":180942648},{"name":"Wells Fargo Securities, LLC","shortName":"Wells Fargo Securities","location":"Charlotte, NC","smaAssets":206514842}],"custodyNote":"Orso Partners does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Robert Morelli","title":"Chief Financial Officer / Chief Compliance Officer","crd":"4757374"},{"name":"Nathan Koppikar","title":"Portfolio Manager / Limited Partner","crd":"5162273"}],"ownership":[{"label":"Nathan Koppikar","detail":"Portfolio manager / limited partner in the 75% or more ownership band and a control person, since December 2018. Also a member of Orso Partners GP, LLC in the 75% or more band and a control person, since December 2018."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"395 Oyster Point, Suite 511","city":"South San Francisco","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"415-801-4620","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":36},{"label":"Derivatives","percent":1},{"label":"Cash and cash equivalents","percent":63}],"privateFunds":0},"sources":{"adv1FilingDate":"6 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/304196/PDF/304196.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 Orso Partners have?","answer":"Orso Partners has 1 client and manages $387 million for them, as of March 2026. They include 1 corporate or other business client.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 6 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Orso Partners offer?","answer":"Orso Partners provides 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 Orso Partners use?","answer":"Orso Partners’ separately managed account assets are held at Wells Fargo Securities, LLC (Charlotte, NC), with $207M and Morgan Stanley Smith Barney LLC (San Francisco, CA), with $181M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Orso Partners have?","answer":"Orso Partners has 0 investment adviser representatives registered with state securities authorities, out of 3 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 Orso Partners invest in?","answer":"At the end of its last fiscal year, Orso Partners’ separately managed accounts held 63% cash and equivalents, 36% exchange-traded equities and 1% derivatives.","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 Orso Partners?","answer":"Orso Partners’ direct owner is Nathan Koppikar (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 6 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Orso Partners get paid?","answer":"Orso 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 Orso Partners?","answer":"Orso Partners’ main office is at 395 Oyster Point, Suite 511, South San Francisco, CA 94080. Its phone number is 415-801-4620.","source":"Form ADV Part 1A, Item 1.F, filed 6 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"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."}