# Isam Funds (USA) LLC

> Isam Funds (USA) LLC is an SEC-registered investment advisory firm in Boca Raton, FL, registered since 2022, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 28, 2026.

- CRD: 307934
- Filed as: ISAM FUNDS (USA) LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boca Raton, FL
- Filing period: October 2026
- Form ADV filing dated: September 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/307934
- AdvisorCensus page: https://advisorcensus.com/firm/isam-funds-usa-llc-boca-raton-fl-307934

## Quick answers

**How is Isam Funds (USA) LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Isam Funds (USA) 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 Isam Funds (USA) LLC located?**
Isam Funds (USA) LLC's principal office is in Boca Raton, FL, according to its Form ADV.

**Is Isam Funds (USA) LLC registered with the SEC or a state?**
Isam Funds (USA) LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 307934.

**How much does Isam Funds (USA) LLC manage?**
Isam Funds (USA) LLC reports $5,953,719,510 in regulatory assets under management in its Form ADV filing dated September 28, 2026 (100% discretionary).

**How have Isam Funds (USA) LLC's assets and staff changed since 2022?**
In the Form ADV data for Isam Funds (USA) LLC: Regulatory assets under management: $47,960,000 in the October 2022 data and $5,953,719,510 in the October 2026 data, up 12314%. Total employees: 42 in October 2022 and 69 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Isam Funds (USA) LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (12).

**Does Isam Funds (USA) 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/307934

**What changed in Isam Funds (USA) LLC's recent Form ADV filings?**
In the October 2026 filing data: Regulatory assets under management went from $2,627,092,412 to $5,953,719,510 (+127%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $5,953,719,510
- Discretionary: $5,953,719,510
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 12 | $5,953,719,510 |

### 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: 2022 (4 years)
- Employees: 69 total, 3 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $47,960,000 | 42 | September 14, 2022 |
| October 2023 | $259,700,000 | 79 | September 13, 2023 |
| October 2024 | $2,111,741,555 | 55 | September 26, 2024 |
| October 2025 | $2,111,741,555 | 55 | February 10, 2025 |
| October 2026 | $5,953,719,510 | 69 | September 28, 2026 |

Regulatory assets under management: $47,960,000 in the October 2022 data and $5,953,719,510 in the October 2026 data, up 12314%.
Total employees: 42 in October 2022 and 69 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Regulatory assets under management went from $2,627,092,412 to $5,953,719,510 (+127%).

### September 2026
- Regulatory assets under management went from $2,333,665,789 to $2,627,092,412 (+13%).
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Regulatory assets under management went from $2,111,741,555 to $2,333,665,789 (+11%).
- Employees performing advisory functions went from 4 to 3.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Isam Funds (USA) LLC (CRD 307934): Form ADV filing data as of October 2026.