AdvisorCensus / Financial advisors / North Carolina / Raleigh / Cunning Capital, LLC
Cunning Capital, LLC
Filed as CUNNING CAPITAL, LLC
Cunning Capital, LLC is an SEC-registered investment advisory firm in Morrisville, NC, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 11, 2026.
Quick answers
From the filingHow is Cunning Capital, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Cunning Capital, LLC reports these compensation arrangements: a percentage of assets under its management.
Where is Cunning Capital, LLC located?
Cunning Capital, LLC's principal office is in Morrisville, NC, according to its Form ADV.
Is Cunning Capital, LLC registered with the SEC or a state?
Cunning Capital, LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 310482.
How much does Cunning Capital, LLC manage?
Cunning Capital, LLC reports $228,408,897 in regulatory assets under management in its Form ADV filing dated March 11, 2026 (100% discretionary).
How have Cunning Capital, LLC's assets and staff changed since 2021?
In the Form ADV data for Cunning Capital, LLC: Regulatory assets under management: $187,000,000 in the October 2021 data and $228,408,897 in the October 2026 data, up 22%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Cunning Capital, LLC serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1).
Does Cunning Capital, 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/310482
What changed in Cunning Capital, LLC's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $197,583,059 to $228,408,897 (+16%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2ASee the firm's brochure (dated March 11, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$228,408,897 as of October 2026, filing dated March 11, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2020 (5 years)
- Employees
- Total: 2. Performing investment advisory functions: 2.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $228,408,897 | 2 | March 11, 2026 |
| October 2025 | $197,583,059 | 2 | March 3, 2025 |
| October 2024 | $171,255,234 | 2 | March 7, 2024 |
| October 2023 | $149,993,044 | 2 | April 20, 2023 |
| October 2022 | $196,919,837 | 2 | May 16, 2022 |
| October 2021 | $187,000,000 | 2 | March 9, 2021 |
Regulatory assets under management: $187,000,000 in the October 2021 data and $228,408,897 in the October 2026 data, up 22%.
Total employees: 2 in October 2021 and 2 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $197,583,059 to $228,408,897 (+16%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.INot reported.
Source: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Cunning Capital, LLC (CRD 310482): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/cunning-capital-llc-morrisville-nc-310482