# Enlightenment Capital

> Enlightenment Capital is an SEC-registered investment advisory firm in Chevy Chase, MD, registered since 2017, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 24, 2026.

- CRD: 166422
- Filed as: ENLIGHTENMENT CAPITAL
- Legal name: Enlightenment Capital, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chevy Chase, MD
- Filing period: October 2026
- Form ADV filing dated: April 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/166422
- AdvisorCensus page: https://advisorcensus.com/firm/enlightenment-capital-chevy-chase-md-166422

## Quick answers

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

**Where is Enlightenment Capital located?**
Enlightenment Capital's principal office is in Chevy Chase, MD, according to its Form ADV.

**Is Enlightenment Capital registered with the SEC or a state?**
Enlightenment Capital is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 166422.

**How much does Enlightenment Capital manage?**
Enlightenment Capital reports $2,116,711,261 in regulatory assets under management in its Form ADV filing dated April 24, 2026 (100% discretionary).

**How have Enlightenment Capital's assets and staff changed since 2021?**
In the Form ADV data for Enlightenment Capital: Regulatory assets under management: $684,302,261 in the October 2021 data and $2,116,711,261 in the October 2026 data, up 209%. Total employees: 10 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Enlightenment Capital serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (16).

**Does Enlightenment Capital 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/166422

**What changed in Enlightenment Capital's recent Form ADV filings?**
In the April 2026 filing data: 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: $2,116,711,261
- Discretionary: $2,116,711,261
- 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) | 16 | $2,116,711,261 |
| 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: 2017 (9 years)
- Employees: 18 total, 13 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MD
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- enlightenment-cap.com
- LinkedIn @2837168

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $684,302,261 | 10 | April 1, 2021 |
| October 2022 | $789,951,343 | 10 | March 31, 2022 |
| October 2023 | $1,209,246,239 | 12 | April 28, 2023 |
| October 2024 | $1,611,239,387 | 15 | March 29, 2024 |
| October 2025 | $2,336,107,477 | 15 | June 26, 2025 |
| October 2026 | $2,116,711,261 | 18 | April 24, 2026 |

Regulatory assets under management: $684,302,261 in the October 2021 data and $2,116,711,261 in the October 2026 data, up 209%.
Total employees: 10 in October 2021 and 18 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Enlightenment Capital (CRD 166422): Form ADV filing data as of October 2026.