# Cendana Capital

> Cendana Capital is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2015, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 165555
- Filed as: CENDANA CAPITAL
- Legal name: Cendana Capital Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/165555
- AdvisorCensus page: https://advisorcensus.com/firm/cendana-capital-san-francisco-ca-165555

## Quick answers

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

**Where is Cendana Capital located?**
Cendana Capital's principal office is in San Francisco, CA, according to its Form ADV.

**Is Cendana Capital registered with the SEC or a state?**
Cendana Capital is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 165555.

**How much does Cendana Capital manage?**
Cendana Capital reports $2,368,715,300 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (67% discretionary).

**How have Cendana Capital's assets and staff changed since 2021?**
In the Form ADV data for Cendana Capital: Regulatory assets under management: $957,989,676 in the October 2021 data and $2,368,715,300 in the October 2026 data, up 147%. Total employees: 5 in October 2021 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Cendana Capital serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (17).

**Does Cendana Capital 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/165555

**What changed in Cendana Capital's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 5 to 7. Regulatory assets under management went from $1,735,340,326 to $2,368,715,300 (+36%).

## 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

### Regulatory assets under management (Item 5.F)
- Total: $2,368,715,300
- Discretionary: $1,588,675,800
- Non-discretionary: $780,039,500

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 17 | $2,368,715,300 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2015 (11 years)
- Employees: 13 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- cendanacapital.com
- Facebook @CENDANACAPITAL
- LinkedIn @CENDANA-CAPITAL
- X @CENDANACAPITAL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $957,989,676 | 5 | March 18, 2021 |
| October 2022 | $1,698,433,132 | 5 | March 18, 2022 |
| October 2023 | $1,984,029,756 | 7 | March 21, 2023 |
| October 2024 | $2,032,237,928 | 8 | February 23, 2024 |
| October 2025 | $1,735,340,326 | 9 | March 28, 2025 |
| October 2026 | $2,368,715,300 | 13 | March 30, 2026 |

Regulatory assets under management: $957,989,676 in the October 2021 data and $2,368,715,300 in the October 2026 data, up 147%.
Total employees: 5 in October 2021 and 13 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 5 to 7.
- Regulatory assets under management went from $1,735,340,326 to $2,368,715,300 (+36%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Cendana Capital (CRD 165555): Form ADV filing data as of October 2026.