# Context Capital Management LLC

> Context Capital Management LLC is an SEC-registered investment advisory firm in Greenwich, CT, registered since 2005, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 25, 2026.

- CRD: 115167
- Filed as: CONTEXT CAPITAL MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Greenwich, CT
- Filing period: October 2026
- Form ADV filing dated: August 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/115167
- AdvisorCensus page: https://advisorcensus.com/firm/context-capital-management-llc-greenwich-ct-115167

## Quick answers

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

**What does Context Capital Management LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Context Capital Management LLC located?**
Context Capital Management LLC's principal office is in Greenwich, CT, according to its Form ADV; the September 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Context Capital Management LLC registered with the SEC or a state?**
Context Capital Management LLC is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 115167.

**How much does Context Capital Management LLC manage?**
Context Capital Management LLC reports $8,008,157,694 in regulatory assets under management in its Form ADV filing dated August 25, 2026 (100% discretionary).

**How have Context Capital Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Context Capital Management LLC: Regulatory assets under management: $777,198,477 in the October 2021 data and $8,008,157,694 in the October 2026 data, up 930%. Total employees: 10 in October 2021 and 19 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Context Capital Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Does Context Capital Management LLC 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/115167

**Does Context Capital Management LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 30, 2026 says: "Limited Partners in the Funds initial subscription minimum is $5,000,000. CCM has discretion to waive this minimum."

**What changed in Context Capital Management LLC's recent Form ADV filings?**
In the September 2026 filing data: Added an office in La Jolla, CA. No longer lists an office in Greenwich, CT.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states)

> First, CCM typically charges an annual fee of up to 1.5% of assets under management, which amount is payable in quarterly installments at the beginning or end

- Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)

> Limited Partners in the Funds initial subscription minimum is $5,000,000. CCM has discretion to waive this minimum.

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

### Regulatory assets under management (Item 5.F)
- Total: $8,008,157,694
- Discretionary: $8,008,157,694
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $8,008,157,694 |
| Other | Not reported | $0 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2005 (21 years)
- Employees: 19 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- La Jolla, CA

### Websites listed on Form ADV (Item 1.I)
- contextfunds.com
- LinkedIn @context-capital-management-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $777,198,477 | 10 | June 30, 2021 |
| October 2022 | $866,194,494 | 12 | April 1, 2022 |
| October 2023 | $1,781,877,859 | 12 | August 25, 2023 |
| October 2024 | $2,579,641,000 | 12 | August 6, 2024 |
| October 2025 | $5,018,359,000 | 15 | March 26, 2025 |
| October 2026 | $8,008,157,694 | 19 | August 25, 2026 |

Regulatory assets under management: $777,198,477 in the October 2021 data and $8,008,157,694 in the October 2026 data, up 930%.
Total employees: 10 in October 2021 and 19 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Added an office in La Jolla, CA.
- No longer lists an office in Greenwich, CT.

### August 2026
- Changed its office addresses in Greenwich, CT.

### April 2026
- Employees performing advisory functions went from 6 to 8.
- Regulatory assets under management went from $5,018,359,000 to $8,008,157,694 (+60%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Context Capital Management LLC (CRD 115167): Form ADV filing data as of October 2026.