# Aquatic Capital Management LLC

> Aquatic Capital Management LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2021, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 30, 2026.

- CRD: 307291
- Filed as: AQUATIC CAPITAL MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: June 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/307291
- AdvisorCensus page: https://advisorcensus.com/firm/aquatic-capital-management-llc-chicago-il-307291

## Quick answers

**How is Aquatic Capital Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Aquatic Capital Management LLC reports these compensation arrangements: performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Aquatic Capital Management LLC located?**
Aquatic Capital Management LLC's principal office is in Chicago, IL, according to its Form ADV; the July 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Aquatic Capital Management LLC registered with the SEC or a state?**
Aquatic Capital Management LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 307291.

**How much does Aquatic Capital Management LLC manage?**
Aquatic Capital Management LLC reports $5,430,350,270 in regulatory assets under management in its Form ADV filing dated June 30, 2026 (100% discretionary).

**How have Aquatic Capital Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Aquatic Capital Management LLC: Regulatory assets under management: $334,677,439 in the October 2021 data and $5,430,350,270 in the October 2026 data, up 1523%. Total employees: 44 in October 2021 and 91 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Aquatic 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) (4).

**Does Aquatic 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/307291

**What changed in Aquatic Capital Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 87 to 67.

## From the Form ADV filing

### Compensation (Item 5.E)
- Performance-based fees
- Other

### Regulatory assets under management (Item 5.F)
- Total: $5,430,350,270
- Discretionary: $5,430,350,270
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $5,430,350,270 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2021 (5 years)
- Employees: 91 total, 67 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- London
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- aquatic.com
- LinkedIn @aquatic

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $334,677,439 | 44 | May 21, 2021 |
| October 2022 | $342,706,687 | 44 | March 31, 2022 |
| October 2023 | $1,745,395,312 | 50 | March 31, 2023 |
| October 2024 | $5,540,212,281 | 81 | March 31, 2024 |
| October 2025 | $5,450,148,785 | 112 | March 28, 2025 |
| October 2026 | $5,430,350,270 | 91 | June 30, 2026 |

Regulatory assets under management: $334,677,439 in the October 2021 data and $5,430,350,270 in the October 2026 data, up 1523%.
Total employees: 44 in October 2021 and 91 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 87 to 67.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Aquatic Capital Management LLC (CRD 307291): Form ADV filing data as of October 2026.