# Fortuna Funds, LLC

> Fortuna Funds, LLC is an SEC-registered investment advisory firm in Dallas, TX, registered since 2024, reporting under $25 million in regulatory assets under management in its Form ADV filing dated January 28, 2026.

- CRD: 333660
- Filed as: FORTUNA FUNDS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dallas, TX
- Filing period: October 2026
- Form ADV filing dated: January 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/333660
- AdvisorCensus page: https://advisorcensus.com/firm/fortuna-funds-llc-dallas-tx-333660

## Quick answers

**How is Fortuna Funds, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Fortuna Funds, 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 Fortuna Funds, LLC located?**
Fortuna Funds, LLC's principal office is in Dallas, TX, according to its Form ADV.

**Is Fortuna Funds, LLC registered with the SEC or a state?**
Fortuna Funds, LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 333660.

**How much does Fortuna Funds, LLC manage?**
Fortuna Funds, LLC reports $915,035 in regulatory assets under management in its Form ADV filing dated January 28, 2026 (100% discretionary).

**How have Fortuna Funds, LLC's assets and staff changed since 2025?**
In the Form ADV data for Fortuna Funds, LLC: Regulatory assets under management: $500,000 in the October 2025 data and $915,035 in the October 2026 data, up 83%. Total employees: 2 in October 2025 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Fortuna Funds, LLC serve?**
By number of clients on Form ADV Item 5.D: investment companies (1).

**Does Fortuna Funds, 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/333660

**What changed in Fortuna Funds, LLC's recent Form ADV filings?**
In the February 2026 filing data: Regulatory assets under management went from $500,000 to $915,035 (+83%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $915,035
- Discretionary: $915,035
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $915,035 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 2024 (1 year)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- fortunafunds.com
- LinkedIn @fortuna-funds
- LinkedIn @joe-sando-28a63b22
- LinkedIn @markwilliamadams

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $500,000 | 2 | June 3, 2025 |
| October 2026 | $915,035 | 2 | January 28, 2026 |

Regulatory assets under management: $500,000 in the October 2025 data and $915,035 in the October 2026 data, up 83%.
Total employees: 2 in October 2025 and 2 in October 2026.

## Changes in the filing (last 12 months)

### February 2026
- Regulatory assets under management went from $500,000 to $915,035 (+83%).

### December 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fortuna Funds, LLC (CRD 333660): Form ADV filing data as of October 2026.