# Dragonfly Digital Management, LLC

> Dragonfly Digital Management, LLC is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2022, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 300750
- Filed as: DRAGONFLY DIGITAL MANAGEMENT, LLC
- Also doing business as: DRAGONFLY, DRAGONFLY CAPITAL PARTNERS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/300750
- AdvisorCensus page: https://advisorcensus.com/firm/dragonfly-digital-management-llc-san-francisco-ca-300750

## Quick answers

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

**Where is Dragonfly Digital Management, LLC located?**
Dragonfly Digital Management, LLC's principal office is in San Francisco, CA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Dragonfly Digital Management, LLC registered with the SEC or a state?**
Dragonfly Digital Management, LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 300750.

**How much does Dragonfly Digital Management, LLC manage?**
Dragonfly Digital Management, LLC reports $3,437,541,969 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Dragonfly Digital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Dragonfly Digital Management, LLC: Regulatory assets under management: $3,481,586,469 in the October 2022 data and $3,437,541,969 in the October 2026 data, down 1%. Total employees: 19 in October 2022 and 34 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Dragonfly Digital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (14).

**Does Dragonfly Digital 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/300750

**What changed in Dragonfly Digital Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $4,140,480,327 to $3,437,541,969 (-17%). Added an office in New York, NY. Registered or notice-filed in NY. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $3,437,541,969
- Discretionary: $3,437,541,969
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 14 | $3,437,541,969 |

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

### Firm details
- Registered since: 2022 (4 years)
- Employees: 34 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NY
- 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
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- dragonfly.xyz
- medium.com/dragonfly-research
- LinkedIn @dragonfly-capital-partners
- X @dragonfly_xyz

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | March 29, 2021 |
| October 2022 | $3,481,586,469 | 19 | August 11, 2022 |
| October 2023 | $1,934,858,193 | 41 | July 18, 2023 |
| October 2024 | $2,466,635,502 | 36 | March 29, 2024 |
| October 2025 | $4,140,480,327 | 38 | March 31, 2025 |
| October 2026 | $3,437,541,969 | 34 | March 31, 2026 |

Regulatory assets under management: $3,481,586,469 in the October 2022 data and $3,437,541,969 in the October 2026 data, down 1%.
Total employees: 19 in October 2022 and 34 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $4,140,480,327 to $3,437,541,969 (-17%).
- Added an office in New York, NY.
- Registered or notice-filed in NY.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Dragonfly Digital Management, LLC (CRD 300750): Form ADV filing data as of October 2026.