# Aristides Capital LLC

> 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.

- CRD: 162368
- Filed as: ARISTIDES CAPITAL LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Louisville, KY
- Filing period: October 2026
- Form ADV filing dated: May 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/162368
- AdvisorCensus page: https://advisorcensus.com/firm/aristides-capital-llc-louisville-ky-162368

## Quick answers

**How is Aristides Capital LLC compensated?**
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.

**Where is Aristides Capital LLC located?**
Aristides Capital LLC's principal office is in Louisville, KY, according to its Form ADV.

**Is Aristides Capital LLC registered with the SEC or a state?**
Aristides Capital LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 162368.

**How much does Aristides Capital LLC manage?**
Aristides Capital LLC reports $541,426,176 in regulatory assets under management in its Form ADV filing dated May 22, 2026 (100% discretionary).

**How have Aristides Capital LLC's assets and staff changed since 2021?**
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.

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

**Does Aristides Capital LLC report any disciplinary disclosures?**
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

**What changed in Aristides Capital LLC's recent Form ADV filings?**
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)).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $541,426,176
- Discretionary: $541,426,176
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 5 | $541,426,176 |

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

### Firm details
- Registered since: 2020 (6 years)
- Employees: 11 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: KY, OH
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(1): 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?
- 11.D(2): 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?
- 11.D(4): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/162368

### Websites listed on Form ADV (Item 1.I)
- aristidescapital.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $216,200,000 | 5 | September 23, 2021 |
| October 2022 | $305,689,525 | 6 | May 2, 2022 |
| October 2023 | $300,482,669 | 6 | May 1, 2023 |
| October 2024 | $377,929,539 | 8 | March 26, 2024 |
| October 2025 | $472,847,219 | 9 | March 28, 2025 |
| October 2026 | $541,426,176 | 11 | May 22, 2026 |

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.

## Changes in the filing (last 12 months)

### June 2026
- Item 11 disclosure answers changed: 3 yes answers, previously 0 (now yes: 11.D(1), 11.D(2), 11.D(4)).

### April 2026
- Regulatory assets under management went from $472,847,219 to $541,426,176 (+15%).
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Employees performing advisory functions went from 5 to 8.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Aristides Capital LLC (CRD 162368): Form ADV filing data as of October 2026.