{
  "crd_number": 307382,
  "slug": "armada-capital-llc-mexico-city-307382",
  "primary_business_name": "ARMADA CAPITAL LLC",
  "legal_name": "ARMADA CAPITAL LLC",
  "dbas": [],
  "city": "Mexico City",
  "state": null,
  "country": "Mexico",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2020-03-06",
  "years_registered": 6,
  "period": "2026-10-01",
  "filing_date": "2026-03-20",
  "carried_forward": false,
  "raum_total": 89907916.0,
  "raum_discretionary": 7329886.0,
  "raum_non_discretionary": 82578030.0,
  "raum_band": "25m_100m",
  "raum_band_label": "$25 million to $100 million",
  "total_employees": 8,
  "advisory_employees": 5,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 7329886.0,
      "count": null,
      "description": "MEXICAN TRUST",
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 82578030.0,
      "count": 1
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://linkedin.com/COMPANY/ARMADA-CAPITAL"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/307382",
  "city_as_filed": "MEXICO CITY",
  "url": "https://advisorcensus.com/firm/armada-capital-llc-mexico-city-307382",
  "display_name": "Armada Capital LLC",
  "summary": "Armada Capital LLC is an SEC-registered investment advisory firm in Mexico City, Mexico, registered since 2020, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 20, 2026.",
  "citation": "AdvisorCensus. Armada Capital LLC (CRD 307382): 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 pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Armada Capital LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Armada 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 Armada Capital LLC located?",
      "a": "Armada Capital LLC's principal office is in Mexico City, Mexico, according to its Form ADV."
    },
    {
      "q": "Is Armada Capital LLC registered with the SEC or a state?",
      "a": "Armada Capital LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 307382."
    },
    {
      "q": "How much does Armada Capital LLC manage?",
      "a": "Armada Capital LLC reports $89,907,916 in regulatory assets under management in its Form ADV filing dated March 20, 2026 (8% discretionary)."
    },
    {
      "q": "How have Armada Capital LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Armada Capital LLC: Regulatory assets under management: $55,572,000 in the October 2021 data and $89,907,916 in the October 2026 data, up 62%. Total employees: 7 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Armada 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) (1)."
    },
    {
      "q": "Which custodians does Armada Capital LLC use?",
      "a": "Armada Capital LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Grupo Bursatil Mexicano SA de CV as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Armada 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/307382"
    },
    {
      "q": "What changed in Armada Capital LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 4 to 5. Regulatory assets under management went from $59,582,148 to $89,907,916 (+51%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 55572000.0,
      "total_employees": 7,
      "filing_date": "2021-02-02"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 64135795.0,
      "total_employees": 7,
      "filing_date": "2022-03-10"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 83731081.0,
      "total_employees": 9,
      "filing_date": "2023-07-27"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 73011154.0,
      "total_employees": 8,
      "filing_date": "2024-04-19"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 59582148.0,
      "total_employees": 7,
      "filing_date": "2025-03-19"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 89907916.0,
      "total_employees": 8,
      "filing_date": "2026-03-20"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 4 to 5.",
        "Regulatory assets under management went from $59,582,148 to $89,907,916 (+51%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Grupo Bursatil Mexicano SA de CV",
      "name_as_filed": "GRUPO BURSATIL MEXICANO SA DE CV",
      "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/armada-capital-llc-mexico-city-307382.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 82578030.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": null,
      "fewer_than_5": true,
      "raum": 7329886.0
    }
  ],
  "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/307382",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}