# Libremax Capital, LLC

> Libremax Capital, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2011, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 17, 2026.

- CRD: 155486
- Filed as: LIBREMAX CAPITAL, LLC
- 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/155486
- AdvisorCensus page: https://advisorcensus.com/firm/libremax-capital-llc-new-york-ny-155486

## Quick answers

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

**How much does Libremax Capital, LLC charge?**
Its Form ADV Part 2A brochure dated March 17, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Libremax Capital, LLC located?**
Libremax Capital, LLC's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Libremax Capital, LLC registered with the SEC or a state?**
Libremax Capital, LLC is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 155486.

**How much does Libremax Capital, LLC manage?**
Libremax Capital, LLC reports $13,870,553,000 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (99% discretionary).

**How have Libremax Capital, LLC's assets and staff changed since 2021?**
In the Form ADV data for Libremax Capital, LLC: Regulatory assets under management: $13,281,961,866 in the October 2021 data and $13,870,553,000 in the October 2026 data, up 4%. Total employees: 48 in October 2021 and 74 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Libremax Capital, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (55); state or municipal government entities (including government pension plans) (1); other investment advisers (1).

**Which custodians does Libremax Capital, LLC use?**
Libremax Capital, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists J.P. Morgan Securities LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Libremax 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/155486

**What changed in Libremax Capital, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 43 to 44.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 17, 2026)

- Asset-based fee: up to 2% of assets a year (the maximum the brochure states)

> The Adviser charges each client an investment management fee based on the value of the client’s assets under management (as an annual percentage of assets) of up to 2.0%.

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

### Custodians (Schedule D, Section 5.K(3))
- J.P. Morgan Securities LLC

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: $13,870,553,000
- Discretionary: $13,762,192,000
- Non-discretionary: $108,361,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 55 | $13,398,877,000 |
| State or municipal government entities (including government pension plans) | 1 | $330,000,000 |
| Other investment advisers | 1 | $141,676,000 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Other

### Firm details
- Registered since: 2011 (15 years)
- Employees: 74 total, 44 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Santa Monica, CA

### Websites listed on Form ADV (Item 1.I)
- libremax.com
- LinkedIn @libremax-capital-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $13,281,961,866 | 48 | August 19, 2021 |
| October 2022 | $9,046,711,672 | 51 | June 30, 2022 |
| October 2023 | $9,951,879,683 | 54 | August 9, 2023 |
| October 2024 | $11,382,292,000 | 61 | August 14, 2024 |
| October 2025 | $13,544,855,000 | 68 | April 8, 2025 |
| October 2026 | $13,870,553,000 | 74 | March 17, 2026 |

Regulatory assets under management: $13,281,961,866 in the October 2021 data and $13,870,553,000 in the October 2026 data, up 4%.
Total employees: 48 in October 2021 and 74 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 43 to 44.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Libremax Capital, LLC (CRD 155486): Form ADV filing data as of October 2026.