# Christmas Corporation

> Christmas Corporation is an SEC-registered investment advisory firm in Berkeley, CA, registered since 2016, reporting under $25 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 282245
- Filed as: CHRISTMAS CORPORATION
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Berkeley, CA
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/282245
- AdvisorCensus page: https://advisorcensus.com/firm/christmas-corporation-berkeley-ca-282245

## Quick answers

**How is Christmas Corporation compensated?**
On its Form ADV (Item 5.E, October 2026), Christmas Corporation reports these compensation arrangements: a percentage of assets under its management; subscription fees (for a newsletter or periodical); performance-based fees.

**How much does Christmas Corporation charge?**
Its Form ADV Part 2A brochure dated March 27, 2026 states: Asset-based fee: 2% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Christmas Corporation located?**
Christmas Corporation's principal office is in Berkeley, CA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Christmas Corporation registered with the SEC or a state?**
Christmas Corporation is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 282245.

**How much does Christmas Corporation manage?**
Christmas Corporation reports $4,176,795 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (52% discretionary).

**How have Christmas Corporation's assets and staff changed since 2021?**
In the Form ADV data for Christmas Corporation: Regulatory assets under management: $1,129,000 in the October 2021 data and $4,176,795 in the October 2026 data, up 270%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Christmas Corporation serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (42); pooled investment vehicles (other than investment companies and business development companies) (1); corporations or other businesses not listed above (1).

**Which custodians does Christmas Corporation use?**
Christmas Corporation's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Interactive Brokers LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Christmas Corporation 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/282245

**What changed in Christmas Corporation's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 3 to 2. Regulatory assets under management went from $5,203,214 to $4,176,795 (-20%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Subscription fees (for a newsletter or periodical)
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Asset-based fee: 2% of assets a year

> Christmas charges an annual investment advisory fee according to the following schedule: Asset-based portfolio management fees are calculated by the Custodian and withdrawn directly from the client's account on daily basis without client’s written authorization.

> 2.00% x (1/trading days in a year) x daily net asset value

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Interactive Brokers LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $4,176,795
- Discretionary: $2,176,795
- Non-discretionary: $2,000,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $0 |
| High net worth individuals | 42 | $4,042,461 |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $124,248 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $0 |
| Charitable organizations | Fewer than 5 | $0 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $0 |
| Other investment advisers | Fewer than 5 | $0 |
| Insurance companies | Fewer than 5 | $0 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | 1 | $10,086 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 2016 (10 years)
- Employees: 4 total, 2 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Berkeley, CA

### Websites listed on Form ADV (Item 1.I)
- christmascorp.com
- christmascorp.substack.com
- Facebook @ChristmasCorp
- Instagram @christmas_corp
- LinkedIn @christmas-corporation
- X @christmas_corp

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,129,000 | 4 | August 16, 2021 |
| October 2022 | $1,568,170 | 6 | March 9, 2022 |
| October 2023 | $2,010,586 | 6 | March 30, 2023 |
| October 2024 | $3,820,221 | 6 | July 8, 2024 |
| October 2025 | $5,203,214 | 6 | March 28, 2025 |
| October 2026 | $4,176,795 | 4 | March 27, 2026 |

Regulatory assets under management: $1,129,000 in the October 2021 data and $4,176,795 in the October 2026 data, up 270%.
Total employees: 4 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 3 to 2.
- Regulatory assets under management went from $5,203,214 to $4,176,795 (-20%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Christmas Corporation (CRD 282245): Form ADV filing data as of October 2026.