# Factorial Funds Management LLC

> Factorial Funds Management LLC is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2025, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 319107
- Filed as: FACTORIAL FUNDS MANAGEMENT LLC
- 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/319107
- AdvisorCensus page: https://advisorcensus.com/firm/factorial-funds-management-llc-san-francisco-ca-319107

## Quick answers

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

**Where is Factorial Funds Management LLC located?**
Factorial Funds Management LLC's principal office is in San Francisco, CA, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Factorial Funds Management LLC registered with the SEC or a state?**
Factorial Funds Management LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 319107.

**How much does Factorial Funds Management LLC manage?**
Factorial Funds Management LLC reports $967,009,419 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (82% discretionary).

**What types of clients does Factorial Funds Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (25).

**Does Factorial Funds 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/319107

**What changed in Factorial Funds Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $803,719,911 to $967,009,419 (+20%). Added an office in Newport Beach, CA. 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
- Other

### Regulatory assets under management (Item 5.F)
- Total: $967,009,419
- Discretionary: $789,619,932
- Non-discretionary: $177,389,487

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 25 | $967,009,419 |

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

### Firm details
- Registered since: 2025 (1 year)
- Employees: 6 total, 3 performing advisory functions
- Wrap fee program participation: No
- 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
- Menlo Park, CA
- Newport Beach, CA

### Websites listed on Form ADV (Item 1.I)
- factorialfunds.com
- LinkedIn @factorial-funds

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | Not reported | Not reported | February 17, 2022 |
| October 2023 | Not reported | Not reported | April 26, 2023 |
| October 2024 | Not reported | Not reported | February 13, 2024 |
| October 2026 | $967,009,419 | 6 | March 31, 2026 |


## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $803,719,911 to $967,009,419 (+20%).
- Added an office in Newport Beach, CA.
- Updated its list of owners and control persons (Schedule A).

### November 2025
- No longer lists an office in Central.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Factorial Funds Management LLC (CRD 319107): Form ADV filing data as of October 2026.