# Gadsden

> Gadsden is an SEC-registered investment advisory firm in Newtown Square, PA, registered since 2018, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 27, 2026.

- CRD: 291195
- Filed as: GADSDEN
- Legal name: Gadsden, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Newtown Square, PA
- Filing period: October 2026
- Form ADV filing dated: July 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/291195
- AdvisorCensus page: https://advisorcensus.com/firm/gadsden-newtown-square-pa-291195

## Quick answers

**How is Gadsden compensated?**
On its Form ADV (Item 5.E, October 2026), Gadsden reports these compensation arrangements: a percentage of assets under its management.

**Where is Gadsden located?**
Gadsden's principal office is in Newtown Square, PA, according to its Form ADV.

**Is Gadsden registered with the SEC or a state?**
Gadsden is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 291195.

**How much does Gadsden manage?**
Gadsden reports $161,816,966 in regulatory assets under management in its Form ADV filing dated July 27, 2026 (0% discretionary).

**How have Gadsden's assets and staff changed since 2021?**
In the Form ADV data for Gadsden: Regulatory assets under management: $98,135,701 in the October 2021 data and $161,816,966 in the October 2026 data, up 65%. Total employees: 5 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 Gadsden serve?**
By number of clients on Form ADV Item 5.D: investment companies (1).

**Does Gadsden 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/291195

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $161,816,966
- Discretionary: $0
- Non-discretionary: $161,816,966

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $161,816,966 |

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

### Firm details
- Registered since: 2018 (8 years)
- Employees: 2 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: PA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- gadsdenfunds.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $98,135,701 | 5 | March 31, 2021 |
| October 2022 | $119,912,569 | 4 | March 30, 2022 |
| October 2023 | $154,258,510 | 3 | August 11, 2023 |
| October 2024 | $147,265,886 | 2 | July 29, 2024 |
| October 2025 | $149,734,946 | 2 | April 1, 2025 |
| October 2026 | $161,816,966 | 2 | July 27, 2026 |

Regulatory assets under management: $98,135,701 in the October 2021 data and $161,816,966 in the October 2026 data, up 65%.
Total employees: 5 in October 2021 and 2 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Gadsden (CRD 291195): Form ADV filing data as of October 2026.