# Inca Investments, LLC

> Inca Investments, LLC is an SEC-registered investment advisory firm in Miami, FL, registered since 2004, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 14, 2026.

- CRD: 131194
- Filed as: INCA INVESTMENTS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Miami, FL
- Filing period: October 2026
- Form ADV filing dated: April 14, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/131194
- AdvisorCensus page: https://advisorcensus.com/firm/inca-investments-llc-miami-fl-131194

## Quick answers

**How is Inca Investments, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Inca Investments, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Inca Investments, LLC located?**
Inca Investments, LLC's principal office is in Miami, FL, according to its Form ADV; the May 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Inca Investments, LLC registered with the SEC or a state?**
Inca Investments, LLC is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 131194.

**How much does Inca Investments, LLC manage?**
Inca Investments, LLC reports $569,631,005 in regulatory assets under management in its Form ADV filing dated April 14, 2026 (100% discretionary).

**How have Inca Investments, LLC's assets and staff changed since 2021?**
In the Form ADV data for Inca Investments, LLC: Regulatory assets under management: $656,975,364 in the October 2021 data and $569,631,005 in the October 2026 data, down 13%. Total employees: 13 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Inca Investments, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Which custodians does Inca Investments, LLC use?**
Inca Investments, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists State Street Bank and Trust Company London Branch as a custodian holding 10% or more of its separately managed account assets.

**Does Inca Investments, 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/131194

**What changed in Inca Investments, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $468,404,633 to $569,631,005 (+22%). Added an office in Ciudad de Mexico. No longer lists an office in Ciudad de México.

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- State Street Bank and Trust Company London Branch

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $569,631,005
- Discretionary: $569,631,005
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $215,738,533 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $353,892,472 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2004 (22 years)
- Employees: 9 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: DE, FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Ciudad de Mexico
- Sao Paulo

### Websites listed on Form ADV (Item 1.I)
- incainvestments.com
- LinkedIn @INCA-INVESTMENTS-LLC
- YouTube @incainvestments7089

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $656,975,364 | 13 | June 30, 2021 |
| October 2022 | $495,612,381 | 12 | September 12, 2022 |
| October 2023 | $441,002,854 | 9 | March 22, 2023 |
| October 2024 | $486,042,385 | 9 | August 6, 2024 |
| October 2025 | $468,404,633 | 10 | July 9, 2025 |
| October 2026 | $569,631,005 | 9 | April 14, 2026 |

Regulatory assets under management: $656,975,364 in the October 2021 data and $569,631,005 in the October 2026 data, down 13%.
Total employees: 13 in October 2021 and 9 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $468,404,633 to $569,631,005 (+22%).
- Added an office in Ciudad de Mexico.
- No longer lists an office in Ciudad de México.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Inca Investments, LLC (CRD 131194): Form ADV filing data as of October 2026.