{ "crd_number": 298880, "slug": "1505-capital-llc-new-york-ny-298880", "primary_business_name": "1505 CAPITAL LLC", "legal_name": "1505 CAPITAL LLC", "dbas": [], "city": "New York", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2018-10-23", "years_registered": 7, "period": "2026-10-01", "filing_date": "2026-03-27", "carried_forward": false, "raum_total": 485749748.0, "raum_discretionary": 458001352.0, "raum_non_discretionary": 27748396.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 11, "advisory_employees": 5, "client_count_bucket": null, "clients_by_type": { "insurance_companies": { "raum": 485749748.0, "count": 8 } }, "compensation_types": [ "fixed", "other", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "NY", "TX" ], "websites": [], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/298880", "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/1505-capital-llc-new-york-ny-298880", "display_name": "1505 Capital LLC", "summary": "1505 Capital LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2018, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.", "citation": "AdvisorCensus. 1505 Capital LLC (CRD 298880): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Fixed fees (other than subscription fees)", "Performance-based fees", "Other" ], "advisory_activity_labels": [ "Portfolio management for businesses (other than small businesses) or institutional clients", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is 1505 Capital LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), 1505 Capital LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees; other." }, { "q": "How much does 1505 Capital LLC charge?", "a": "Its Form ADV Part 2A brochure dated March 27, 2026 states: Asset-based fee: 0.25% to 0.5% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is 1505 Capital LLC located?", "a": "1505 Capital LLC's principal office is in New York, NY, according to its Form ADV." }, { "q": "Is 1505 Capital LLC registered with the SEC or a state?", "a": "1505 Capital LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 298880." }, { "q": "How much does 1505 Capital LLC manage?", "a": "1505 Capital LLC reports $485,749,748 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (94% discretionary)." }, { "q": "How have 1505 Capital LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for 1505 Capital LLC: Regulatory assets under management: $488,157,129 in the October 2021 data and $485,749,748 in the October 2026 data, unchanged. Total employees: 10 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does 1505 Capital LLC serve?", "a": "By number of clients on Form ADV Item 5.D: insurance companies (8)." }, { "q": "Which custodians does 1505 Capital LLC use?", "a": "1505 Capital LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists U.S. Bank National Association as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does 1505 Capital LLC report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/298880" }, { "q": "What changed in 1505 Capital LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 4 to 5." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 488157129.0, "total_employees": 10, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 559701978.0, "total_employees": 9, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1097491279.0, "total_employees": 9, "filing_date": "2023-07-24" }, { "period": "2024-10-01", "regulatory_assets_under_management": 1629090287.0, "total_employees": 13, "filing_date": "2024-03-29" }, { "period": "2025-10-01", "regulatory_assets_under_management": 492319259.0, "total_employees": 12, "filing_date": "2025-03-28" }, { "period": "2026-10-01", "regulatory_assets_under_management": 485749748.0, "total_employees": 11, "filing_date": "2026-03-27" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 4 to 5." ] }, { "period": "2025-11-01", "period_label": "November 2025", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 27, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": "0.25% to 0.5% a year", "stated_maximum": null, "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: 0.25% to 0.5% a year (a range, as the brochure states it)" ], "quotes": [ "Generally, Base Fees range from 0.25% to 0.50% per year on the principal amount of the assets managed by 1505 Capital, generally payable quarterly in arrears." ] } ], "values": { "tiers": [], "range_pct": [ 0.25, 0.5 ], "max_pct": null, "account_minimum": null, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "Generally, Base Fees range from 0.25% to 0.50% per year on the principal amount of the assets managed by 1505 Capital, generally payable quarterly in arrears." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "U.S. Bank National Association", "name_as_filed": "U.S. BANK NATIONAL ASSOCIATION", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/1505-capital-llc-new-york-ny-298880.md", "clients": [ { "type": "insurance_companies", "label": "Insurance companies", "count": 8, "fewer_than_5": false, "raum": 485749748.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/298880", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }