{ "crd_number": 162368, "slug": "aristides-capital-llc-louisville-ky-162368", "primary_business_name": "ARISTIDES CAPITAL LLC", "legal_name": "ARISTIDES CAPITAL LLC", "dbas": [], "city": "Louisville", "state": "KY", "country": "United States", "cbsa_code": "31140", "metro": { "cbsa_code": "31140", "common_name": "Louisville", "msa_name": "Louisville/Jefferson County, KY-IN", "path": "/advisors/ky/louisville" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2020-07-22", "years_registered": 6, "period": "2026-10-01", "filing_date": "2026-05-22", "carried_forward": false, "raum_total": 541426176.0, "raum_discretionary": 541426176.0, "raum_non_discretionary": 0.0, "raum_band": "500m_1b", "raum_band_label": "$500 million to $1 billion", "total_employees": 11, "advisory_employees": 8, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 541426176.0, "count": 5 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_individuals", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 3, "states_registered": [ "KY", "OH" ], "websites": [ "https://aristidescapital.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/162368", "disclosure_items": [ { "item": "11.D(1)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?" }, { "item": "11.D(2)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?" }, { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" } ], "city_as_filed": "LOUISVILLE", "url": "https://advisorcensus.com/firm/aristides-capital-llc-louisville-ky-162368", "display_name": "Aristides Capital LLC", "summary": "Aristides Capital LLC is an SEC-registered investment advisory firm in Louisville, KY, registered since 2020, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated May 22, 2026.", "citation": "AdvisorCensus. Aristides Capital LLC (CRD 162368): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for individuals and/or small businesses", "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is Aristides Capital LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Aristides Capital LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Aristides Capital LLC located?", "a": "Aristides Capital LLC's principal office is in Louisville, KY, according to its Form ADV." }, { "q": "Is Aristides Capital LLC registered with the SEC or a state?", "a": "Aristides Capital LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 162368." }, { "q": "How much does Aristides Capital LLC manage?", "a": "Aristides Capital LLC reports $541,426,176 in regulatory assets under management in its Form ADV filing dated May 22, 2026 (100% discretionary)." }, { "q": "How have Aristides Capital LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Aristides Capital LLC: Regulatory assets under management: $216,200,000 in the October 2021 data and $541,426,176 in the October 2026 data, up 150%. Total employees: 5 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 Aristides Capital LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5)." }, { "q": "Does Aristides Capital LLC report any disciplinary disclosures?", "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.D(1) (another regulator's finding of a false statement or omission, or of dishonest, unfair, or unethical conduct), 11.D(2) (another regulator's finding of a violation), and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/162368" }, { "q": "What changed in Aristides Capital LLC's recent Form ADV filings?", "a": "In the June 2026 filing data: Item 11 disclosure answers changed: 3 yes answers, previously 0 (now yes: 11.D(1), 11.D(2), 11.D(4))." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 216200000.0, "total_employees": 5, "filing_date": "2021-09-23" }, { "period": "2022-10-01", "regulatory_assets_under_management": 305689525.0, "total_employees": 6, "filing_date": "2022-05-02" }, { "period": "2023-10-01", "regulatory_assets_under_management": 300482669.0, "total_employees": 6, "filing_date": "2023-05-01" }, { "period": "2024-10-01", "regulatory_assets_under_management": 377929539.0, "total_employees": 8, "filing_date": "2024-03-26" }, { "period": "2025-10-01", "regulatory_assets_under_management": 472847219.0, "total_employees": 9, "filing_date": "2025-03-28" }, { "period": "2026-10-01", "regulatory_assets_under_management": 541426176.0, "total_employees": 11, "filing_date": "2026-05-22" } ], "recent_changes": [ { "period": "2026-06-01", "period_label": "June 2026", "notes": [ "Item 11 disclosure answers changed: 3 yes answers, previously 0 (now yes: 11.D(1), 11.D(2), 11.D(4))." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $472,847,219 to $541,426,176 (+15%).", "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2025-12-01", "period_label": "December 2025", "notes": [ "Employees performing advisory functions went from 5 to 8." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/aristides-capital-llc-louisville-ky-162368.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 5, "fewer_than_5": false, "raum": 541426176.0 } ], "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.", "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/162368", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }