Clients
Paradigm Operations serves 8 clients. The average client has about $1.48 billion with the firm.
- Pooled investment vehicles8 clients100%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 8 | $11,869,698,738 | 100.0% | $1.48B |
| Total | 8 | $11,869,698,738 | 100% | $1.48B |
- Clients
- 8
- Regulatory AUM
- $11,869,698,738
- Share
- 100.0%
- Avg. per client
- $1.48B
Total
- Clients
- 8
- Regulatory AUM
- $11,869,698,738
- Share
- 100%
- Avg. per client
- $1.48B
What it does
Paradigm Operations provides portfolio management for pooled vehicles. It is paid through a percentage of assets, fixed fees and performance-based fees.
Paradigm Operations advises 8 private funds.
100.0% of assets ($11.87B across 8 accounts) are managed with discretion. 38% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
Custodians
Paradigm Operations has custody of client assets.
- All other custodians$11.87B100%
Ownership and leadership
MH Management Holdings LLC owns 75% or more of Paradigm Operations.
- Owns 75% or more of Paradigm Operations LP
MH Management Holdings LLC
Control person · since October 2024
- Owns 75% or more of MH Management Holdings LLC
Mhga Living Trust
Control person · since July 2024
- Owns 75% or more of Mhga Living Trust
Matthew Huang
Control person · since February 2024
- Owns 10% to 25% of Paradigm Operations LP
Fe Management LP
since October 2022
Fe Management Inc.
General partner · Control person · since December 2021
- Owns 75% or more of Fe Management Inc.
Frederick Ernest Ehrsam III Living Trust
Control person · since October 2022
Frederick Ehrsam
Trustee · Control person · since September 2014
Leadership
- Jordan QuallsChief Financial Officer
- Alexandru Popescu-NegoestiChief Compliance Officer
- Kathryn BiberChief Legal Officer
- Matthew HuangCo-Founder and Managing Partner
- Alana PalmedoManaging Partner
Staff
- 61 employees
- 13 in advisory functions
Reported holdings
Paradigm Operations’ reported 13F holdings total $1.03B across 4 positions, and the ten largest make up 100.0% of it.
- $1.03B
- Reported 13F value
- 4
- Positions
- 100.0%
- In the 10 largest
- +8.1%
- Value vs. prior quarter
- Robinhood Mkts Inc. · Com CL A46.0%
- Coinbase Global Inc. · Com CL A45.1%
- Amber Intl Hldg Ltd · Spon ADS New4.5%
- Hyperliquid Strategies Inc.4.4%
Together, the ten largest are 100.0% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $1.03B is not its $11.87B in regulatory assets and does not represent any individual client's portfolio.
Fees
Paradigm Operations is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.
Paradigm Operations’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Paradigm Operations has 2 offices, with 3 listed addresses across 3 states.
California · 1 listed address
- 548 Market Street, Suite 46425, San FranciscoHQ
District of Columbia · 1 listed address
- 1802 Vernon ST, Washington
New York · 1 listed address
- 524 Broadway, New York
Registration details
- Legal name
- Paradigm Operations LP
- Headquarters
- 548 Market Street, Suite 46425, San Francisco, CA 94104
- Phone
- 415-830-5750
- Website
- www.paradigm.xyz
- SEC file
- 801-117048
- Structure
- Delaware limited partnership
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Paradigm Operations have?
Paradigm Operations has 8 clients and manages $11.9 billion for them, as of June 2026.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 5 June 2026
What services does Paradigm Operations offer?
Paradigm Operations provides portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Paradigm Operations have?
Paradigm Operations has 0 investment adviser representatives registered with state securities authorities, out of 61 employees, and 13 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
Who owns Paradigm Operations?
Paradigm Operations is owned through a chain of holding companies by Matthew Huang. Its direct owners are Fe Management LP (10% to 25%) and MH Management Holdings LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 5 June 2026
How does Paradigm Operations get paid?
Paradigm Operations is paid through a percentage of assets under management, fixed fees 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
