Prophet Equity Management II provides portfolio management for pooled vehicles. The firm advises 1 private fund.
Prophet Equity Management II reports 1 pooled investment vehicle. These counts refer to investment vehicles, rather than the individual investors in them. Of its assets, 100.0% ($171M across 1 account) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Pooled investment vehicles | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 1 | $171M | 100.0% | $171M |
| Total | 1 | $171M | 100% | $171M |
- Clients
- 1
- Regulatory AUM
- $171M
- AUM share
- 100.0%
- Avg. per client
- $171M
Total
- Clients
- 1
- Regulatory AUM
- $171M
- AUM share
- 100%
- Avg. per client
- $171M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 0
Prophet Equity Management II is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Ross Gatlin owns 75% or more of Prophet Equity Management II. The leadership team of Prophet Equity Management II includes Chief Compliance Officer David Rex. It has 8 employees, 7 of them in advisory roles.
Staff
- 8 employees
- 7 in advisory functions
- Owns 75% or more of Prophet Equity Management II LLC
Ross Gatlin
Control person · since December 2013
Prophet Equity Management II’s regulatory assets fell from $346M (July 2021) to $171M (March 2026); clients were 1 in both filings and employees fell from 14 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $171M | 1 | 8 | 1 |
| Mar 2025March 2025 | $237M | 1 | 6 | 1 |
| Mar 2024March 2024 | $250M | 1 | 8 | 1 |
| Mar 2023March 2023 | $283M | 1 | 6 | 1 |
| Mar 2022March 2022 | $343M | 1 | 8 | 1 |
| Jul 2021July 2021 | $346M | 1 | 14 | 1 |
Besides its headquarters, Prophet Equity Management II has 0 offices, with 1 listed address in 1 state.
Texas · 1 listed address
- 1460 Main Street, Suite 200, SouthlakeHQ
Contact and registration details
- Legal name
- Prophet Equity Management II LLC
- Headquarters
- 1460 Main Street, Suite 200, Southlake, TX 76092
- Website
- Not reported
- Phone
- 817-898-1500
- SEC file
- 801-79453
- Structure
- Delaware LLC
- Fiscal year end
- December
Prophet Equity Management II has custody of $149M for 1 clients.
How many clients does Prophet Equity Management II have?
Prophet Equity Management II has 1 client and manages $171 million for them, as of March 2026. They include 1 pooled investment vehicle.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Prophet Equity Management II offer?
Prophet Equity Management II 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 Prophet Equity Management II have?
Prophet Equity Management II has 0 investment adviser representatives registered with state securities authorities, out of 8 employees, and 7 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 Prophet Equity Management II?
Prophet Equity Management II’s direct owner is Ross Gatlin (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Prophet Equity Management II get paid?
Prophet Equity Management II 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
How do I contact Prophet Equity Management II?
Prophet Equity Management II’s main office is at 1460 Main Street, Suite 200, Southlake, TX 76092. Its phone number is 817-898-1500.