Socorro Asset Management, L.P.
- Regulatory AUM
- $498M
- Discretionary
- $498M
- Clients
- 8
- Avg AUM / client
- $62.2M
- Accounts
- 8
- Employees
- 6
AUM over time
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Investments (13F portfolio — 32 positions, $221,052,526)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Sempra | COM | $11,240,528 | 115,679 | 5.09% | 2.26% |
| 2 | Nextera Energy Inc | UNIT 06/01/2027 | $10,025,178 | 179,085 | 4.54% | 2.01% |
| 3 | Air Products And Chemicals I | COM | $9,191,685 | 31,642 | 4.16% | 1.85% |
| 4 | Texas Instrs Inc | COM | $9,155,448 | 47,159 | 4.14% | 1.84% |
| 5 | Coca Cola Co | COM | $9,049,570 | 118,995 | 4.09% | 1.82% |
| 6 | Pfizer Inc | COM | $8,848,345 | 315,112 | 4.0% | 1.78% |
| 7 | Xcel Energy Inc | COM | $8,353,434 | 105,154 | 3.78% | 1.68% |
| 8 | Expand Energy Corporation | COM | $8,171,255 | 74,433 | 3.7% | 1.64% |
| 9 | American Tower Corp | COM | $7,903,991 | 45,799 | 3.58% | 1.59% |
| 10 | Pnc Finl Svcs Group Inc | COM | $7,835,629 | 37,655 | 3.54% | 1.57% |
| 11 | Jpmorgan Chase & Co | COM | $7,592,858 | 25,812 | 3.43% | 1.53% |
| 12 | Slb Limited | COM STK | $7,539,787 | 146,717 | 3.41% | 1.51% |
| 13 | Microsoft Corp | COM | $7,348,985 | 19,853 | 3.32% | 1.48% |
| 14 | Camden Ppty Tr | SH BEN INT | $7,039,040 | 72,077 | 3.18% | 1.41% |
| 15 | Home Depot Inc | COM | $7,032,984 | 21,384 | 3.18% | 1.41% |
| 16 | Morgan Stanley | COM NEW | $7,022,696 | 42,673 | 3.18% | 1.41% |
| 17 | Oneok Inc New | COM | $6,885,820 | 76,179 | 3.12% | 1.38% |
| 18 | Disney Walt Co | COM | $6,815,704 | 70,717 | 3.08% | 1.37% |
| 19 | Martin Marietta Matls Inc | COM | $6,812,205 | 11,572 | 3.08% | 1.37% |
| 20 | Ferguson Enterprises Inc | COMMON STOCK NEW | $6,552,507 | 28,091 | 2.96% | 1.32% |
| 21 | Alcon Ag | ORD SHS | $6,264,222 | 83,135 | 2.83% | 1.26% |
| 22 | Prologis Inc. | COM | $6,238,235 | 47,195 | 2.82% | 1.25% |
| 23 | Bank America Corp | COM | $6,220,890 | 127,608 | 2.81% | 1.25% |
| 24 | Apple Inc | COM | $6,167,605 | 24,302 | 2.79% | 1.24% |
| 25 | Johnson Controls Internation | SHS | $5,775,550 | 44,105 | 2.61% | 1.16% |
Top 25 of 32 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 1 | $317M | 63.7% |
| Charitable organizations | 3 | $48.9M | 9.82% |
| State or municipal government entities | 1 | $41.7M | 8.37% |
| Insurance companies | 2 | $49.1M | 9.85% |
| Corporations and other businesses | 1 | $41.3M | 8.29% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $359M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Socorro Dynamic Opportunity Fund Lp | Other Private Fund | Delaware | $359M | 70 |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Blankenship, Dawn, Michelle | Founding Partner, Chief Compliance Officer, & Chief Operating Officer | May 2019 (7y) | 25% – 50% | |
| Freeman, Mark, Richard | Founding Partner & Chief Investment Officer | May 2019 (7y) | ≈ 0% – 5% via Socorro Asset Genpar, Llc | |
| Dillard, Richardson, Dean | Senior Analyst | Jan 2021 (6y) | 10% – 25% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Socorro Asset Genpar, Llc | General Partner | May 2019 | A | Less than 5% |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Freeman, Mark, Richard: 75% – 100% of Socorro Asset Genpar, Llc × 0% – 5% direct ≈ 0% – 5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $359M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Socorro Dynamic Opportunity Fund Lp | Other Private Fund | $359M | $2.5M | 70 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 1.21 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Other services
Custody
Reported custodians
- Northern Trust $96.8M (19% of AUM) Mar 2026
- Truist Bank $35.2M (7% of AUM) Mar 2026
- BNY Mellon $34.9M (7% of AUM) Mar 2026
- State Street $26.9M (5% of AUM) Jul 2023
- Pnc Financial Services Group, Inc. $14.0M (3% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗