# 400 Capital Management LLC

> 400 Capital Management LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 1, 2026.

- CRD: 160089
- Filed as: 400 CAPITAL MANAGEMENT LLC
- Also doing business as: 400 CAPITAL MANAGEMENT EUROPE LIMITED (RELYING ADVISER)
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: July 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/160089
- AdvisorCensus page: https://advisorcensus.com/firm/400-capital-management-llc-new-york-ny-160089

## Quick answers

**How is 400 Capital Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), 400 Capital Management LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.

**Where is 400 Capital Management LLC located?**
400 Capital Management LLC's principal office is in New York, NY, according to its Form ADV; the August 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is 400 Capital Management LLC registered with the SEC or a state?**
400 Capital Management LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160089.

**How much does 400 Capital Management LLC manage?**
400 Capital Management LLC reports $9,036,083,043 in regulatory assets under management in its Form ADV filing dated July 1, 2026 (100% discretionary).

**How have 400 Capital Management LLC's assets and staff changed since 2021?**
In the Form ADV data for 400 Capital Management LLC: Regulatory assets under management: $7,592,061,146 in the October 2021 data and $9,036,083,043 in the October 2026 data, up 19%. Total employees: 54 in October 2021 and 76 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does 400 Capital Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (20); other (3).

**Which custodians does 400 Capital Management LLC use?**
400 Capital Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon and J.P. Morgan Clearing Corp. as custodians holding 10% or more of its separately managed account assets.

**Does 400 Capital Management LLC report any disciplinary disclosures?**
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/160089

**What changed in 400 Capital Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 26 to 33. Regulatory assets under management went from $10,358,462,770 to $9,036,083,043 (-13%). Changed its office addresses in London. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon
- J.P. Morgan Clearing Corp.

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.

### Regulatory assets under management (Item 5.F)
- Total: $9,036,083,043
- Discretionary: $9,036,083,043
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 20 | $7,187,878,331 |
| Other | 3 | $1,848,204,712 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2012 (14 years)
- Employees: 76 total, 33 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- London

### Websites listed on Form ADV (Item 1.I)
- 400capital.com
- Instagram @400capitalmanagement
- LinkedIn @400-capital-management-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $7,592,061,146 | 54 | March 30, 2021 |
| October 2022 | $9,115,452,713 | 60 | September 20, 2022 |
| October 2023 | $6,825,150,517 | 65 | August 25, 2023 |
| October 2024 | $7,122,538,305 | 64 | June 26, 2024 |
| October 2025 | $10,358,462,770 | 69 | March 31, 2025 |
| October 2026 | $9,036,083,043 | 76 | July 1, 2026 |

Regulatory assets under management: $7,592,061,146 in the October 2021 data and $9,036,083,043 in the October 2026 data, up 19%.
Total employees: 54 in October 2021 and 76 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 26 to 33.
- Regulatory assets under management went from $10,358,462,770 to $9,036,083,043 (-13%).
- Changed its office addresses in London.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. 400 Capital Management LLC (CRD 160089): Form ADV filing data as of October 2026.