# 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.

- CRD: 310482
- Filed as: CUNNING CAPITAL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Morrisville, NC
- Filing period: October 2026
- Form ADV filing dated: March 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/310482
- AdvisorCensus page: https://advisorcensus.com/firm/cunning-capital-llc-morrisville-nc-310482

## Quick answers

**How 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. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**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

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

### Regulatory assets under management (Item 5.F)
- Total: $228,408,897
- Discretionary: $228,408,897
- Non-discretionary: $0

### 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 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $228,408,897 |
| 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)

### Firm details
- Registered since: 2020 (5 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NC
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $187,000,000 | 2 | March 9, 2021 |
| October 2022 | $196,919,837 | 2 | May 16, 2022 |
| October 2023 | $149,993,044 | 2 | April 20, 2023 |
| October 2024 | $171,255,234 | 2 | March 7, 2024 |
| October 2025 | $197,583,059 | 2 | March 3, 2025 |
| October 2026 | $228,408,897 | 2 | March 11, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $197,583,059 to $228,408,897 (+16%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Cunning Capital, LLC (CRD 310482): Form ADV filing data as of October 2026.