# Lagoda Investment Management, L.P.

> Lagoda Investment Management, L.P. is an SEC-registered investment advisory firm in New York, NY, registered since 2014, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 17, 2026.

- CRD: 170961
- Filed as: LAGODA INVESTMENT MANAGEMENT, L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/170961
- AdvisorCensus page: https://advisorcensus.com/firm/lagoda-investment-management-l-p-new-york-ny-170961

## Quick answers

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

**What does Lagoda Investment Management, L.P.'s brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 17, 2026 states: Up to $100,000,000: 1% a year; $100,000,000.01 to $300,000,000: 0.75% a year; Above $300,000,000.01: 0.5% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Lagoda Investment Management, L.P. located?**
Lagoda Investment Management, L.P.'s principal office is in New York, NY, according to its Form ADV.

**Is Lagoda Investment Management, L.P. registered with the SEC or a state?**
Lagoda Investment Management, L.P. is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 170961.

**How much does Lagoda Investment Management, L.P. manage?**
Lagoda Investment Management, L.P. reports $312,629,215 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (100% discretionary).

**How have Lagoda Investment Management, L.P.'s assets and staff changed since 2021?**
In the Form ADV data for Lagoda Investment Management, L.P.: Regulatory assets under management: $463,637,934 in the October 2021 data and $312,629,215 in the October 2026 data, down 33%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Lagoda Investment Management, L.P. serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (30); individuals (other than high net worth individuals) (18).

**Which custodians does Lagoda Investment Management, L.P. use?**
Lagoda Investment Management, L.P.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of America, N.A., Fiduciary Trust and Morgan Stanley as custodians holding 10% or more of its separately managed account assets.

**Does Lagoda Investment Management, L.P. 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/170961

**Does Lagoda Investment Management, L.P. state an account minimum?**
Its Form ADV Part 2A brochure dated March 17, 2026 says: "Lagoda’s minimum account size is generally $5,000,000."

## 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 March 17, 2026)

- Up to $100,000,000: 1% a year
- $100,000,000.01 to $300,000,000: 0.75% a year
- Above $300,000,000.01: 0.5% a year

> Lagoda charges most of its clients an annual management fee based on the following schedule:

> Amounts up to and including $100,000,000 1.00%

> Amounts greater than $100,000,000 and up to and including $300,000,000 0.75%

> Amounts greater than $300,000,000 0.50%

- Account minimum: $5,000,000

> Lagoda’s minimum account size is generally $5,000,000.

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

### Custodians (Schedule D, Section 5.K(3))
- Bank of America, N.A.
- Fiduciary Trust
- Morgan Stanley

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: $312,629,215
- Discretionary: $312,629,215
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 18 | $15,681,586 |
| High net worth individuals | 30 | $192,924,486 |
| Charitable organizations | Fewer than 5 | $104,023,143 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2014 (12 years)
- Employees: 4 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, LA, MA, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $463,637,934 | 4 | March 17, 2021 |
| October 2022 | $499,877,969 | 4 | September 23, 2022 |
| October 2023 | $322,063,354 | 4 | March 6, 2023 |
| October 2024 | $313,658,908 | 4 | March 11, 2024 |
| October 2025 | $304,101,524 | 4 | March 28, 2025 |
| October 2026 | $312,629,215 | 4 | March 17, 2026 |

Regulatory assets under management: $463,637,934 in the October 2021 data and $312,629,215 in the October 2026 data, down 33%.
Total employees: 4 in October 2021 and 4 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Lagoda Investment Management, L.P. (CRD 170961): Form ADV filing data as of October 2026.