Vinik Asset Management LP (Tampa)

Vinik Asset Management LP is a large advisory firm based in Tampa. It manages $465.04 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Florida.

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

Vinik Asset Management: assets under management

The assets under management (AUM) of Vinik Asset Management LP is $465.04 million, all of which is managed in discretionary accounts. $180.75 million of the total AUM is attributable to clients outside of the United States.

The firm manages $465.04 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $155.01 million each.

Vinik Asset Management has custody of $465.04 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Vinik Asset 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 Vinik Asset Management serves?

The only and largest group of clients of Vinik Asset Management is pooled investment vehicles with 3 clients and $465.04 million of assets under management. Among the 13 most similar advisory firms, Vinik Asset Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $465.04 million for 3 clients. 33% of the firm’s clients are foreign persons or businesses.

Vinik Asset Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Vinik Asset Management LP

The company employs 11 people that are either part- or full-time employees. 36 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.

Based in Tampa

The principal office where Vinik Asset Management LP performs its advisory services is located at 401 East Jackson Street, Tampa, FL 33602, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.