# Ironhorse Capital LLC

> Ironhorse Capital LLC is an SEC-registered investment advisory firm in Nashville, TN, registered since 2013, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated January 30, 2026.

- CRD: 148572
- Filed as: IRONHORSE CAPITAL LLC
- Also doing business as: IRONHORSE CAPITAL MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Nashville, TN
- Filing period: October 2026
- Form ADV filing dated: January 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/148572
- AdvisorCensus page: https://advisorcensus.com/firm/ironhorse-capital-llc-nashville-tn-148572

## Quick answers

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

**Where is Ironhorse Capital LLC located?**
Ironhorse Capital LLC's principal office is in Nashville, TN, according to its Form ADV.

**Is Ironhorse Capital LLC registered with the SEC or a state?**
Ironhorse Capital LLC is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 148572.

**How much does Ironhorse Capital LLC manage?**
Ironhorse Capital LLC reports $120,503,506 in regulatory assets under management in its Form ADV filing dated January 30, 2026 (100% discretionary).

**How have Ironhorse Capital LLC's assets and staff changed since 2021?**
In the Form ADV data for Ironhorse Capital LLC: Regulatory assets under management: $64,888,978 in the October 2021 data and $120,503,506 in the October 2026 data, up 86%. Total employees: 2 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 Ironhorse Capital LLC serve?**
By number of clients on Form ADV Item 5.D: investment companies (1).

**Does Ironhorse Capital 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/148572

**Does Ironhorse Capital LLC state an account minimum?**
Its Form ADV Part 2A brochure dated January 30, 2026 says: "For separately managed accounts, IronHorse generally requires a minimum account of $250,000 to open a portfolio. Minimums may be waived by IronHorse based on the needs of the client and the complexity of the situation."

**What changed in Ironhorse Capital LLC's recent Form ADV filings?**
In the February 2026 filing data: Regulatory assets under management went from $105,186,582 to $120,503,506 (+15%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated January 30, 2026)

- Account minimum: $250,000 (the brochure says it may be waived or negotiated)

> For separately managed accounts, IronHorse generally requires a minimum account of $250,000 to open a portfolio. Minimums may be waived by IronHorse based on the needs of the client and the complexity of the situation.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $120,503,506
- Discretionary: $120,503,506
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $120,503,506 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 2013 (12 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [conductoretfs.com](https://conductoretfs.com)
- [goironhorse.com](https://goironhorse.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $64,888,978 | 2 | February 11, 2021 |
| October 2022 | $71,860,119 | 2 | February 17, 2022 |
| October 2023 | $103,962,640 | 2 | March 13, 2023 |
| October 2024 | $107,923,768 | 2 | January 22, 2024 |
| October 2025 | $105,186,582 | 2 | February 3, 2025 |
| October 2026 | $120,503,506 | 2 | January 30, 2026 |

Regulatory assets under management: $64,888,978 in the October 2021 data and $120,503,506 in the October 2026 data, up 86%.
Total employees: 2 in October 2021 and 2 in October 2026.

## Changes in the filing (last 12 months)

### February 2026
- Regulatory assets under management went from $105,186,582 to $120,503,506 (+15%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Ironhorse Capital LLC (CRD 148572): Form ADV filing data as of October 2026.