# Kerberos Capital Management LLC

> Kerberos Capital Management LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 315699
- Filed as: KERBEROS CAPITAL MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/315699
- AdvisorCensus page: https://advisorcensus.com/firm/kerberos-capital-management-llc-chicago-il-315699

## Quick answers

**How is Kerberos Capital Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Kerberos Capital Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other.

**Where is Kerberos Capital Management LLC located?**
Kerberos Capital Management LLC's principal office is in Chicago, IL, according to its Form ADV.

**Is Kerberos Capital Management LLC registered with the SEC or a state?**
Kerberos Capital Management LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 315699.

**How much does Kerberos Capital Management LLC manage?**
Kerberos Capital Management LLC reports $412,242,358 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (16% discretionary).

**How have Kerberos Capital Management LLC's assets and staff changed since 2025?**
In the Form ADV data for Kerberos Capital Management LLC: Regulatory assets under management: $348,597,587 in the October 2025 data and $412,242,358 in the October 2026 data, up 18%. Total employees: 6 in October 2025 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Kerberos Capital Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7); investment companies (1).

**Does Kerberos Capital Management 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/315699

**What changed in Kerberos Capital Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $348,597,587 to $412,242,358 (+18%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $412,242,358
- Discretionary: $64,851,941
- Non-discretionary: $347,390,417

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $6,493,384 |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $357,420,271 |
| Other investment advisers | Fewer than 5 | $45,168,855 |
| Other | Fewer than 5 | $3,159,848 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- 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: 2024 (1 year)
- Employees: 8 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- kerberoscm.com
- Instagram @kerberoscm
- LinkedIn @kerberos-capital-management-llc
- X @kerberoscm

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $348,597,587 | 6 | March 27, 2025 |
| October 2026 | $412,242,358 | 8 | March 30, 2026 |

Regulatory assets under management: $348,597,587 in the October 2025 data and $412,242,358 in the October 2026 data, up 18%.
Total employees: 6 in October 2025 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $348,597,587 to $412,242,358 (+18%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Kerberos Capital Management LLC (CRD 315699): Form ADV filing data as of October 2026.