# Locust Wood Capital Advisers, LLC

> Locust Wood Capital Advisers, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2011, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 135140
- Filed as: LOCUST WOOD CAPITAL ADVISERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/135140
- AdvisorCensus page: https://advisorcensus.com/firm/locust-wood-capital-advisers-llc-new-york-ny-135140

## Quick answers

**How is Locust Wood Capital Advisers, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Locust Wood Capital Advisers, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Locust Wood Capital Advisers, LLC located?**
Locust Wood Capital Advisers, 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 Locust Wood Capital Advisers, LLC registered with the SEC or a state?**
Locust Wood Capital Advisers, LLC is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 135140.

**How much does Locust Wood Capital Advisers, LLC manage?**
Locust Wood Capital Advisers, LLC reports $4,395,858,889 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Locust Wood Capital Advisers, LLC's assets and staff changed since 2021?**
In the Form ADV data for Locust Wood Capital Advisers, LLC: Regulatory assets under management: $1,707,844,349 in the October 2021 data and $4,395,858,889 in the October 2026 data, up 157%. Total employees: 11 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Locust Wood Capital Advisers, LLC serve?**
By number of clients on Form ADV Item 5.D: other investment advisers (6); high net worth individuals (3); pooled investment vehicles (other than investment companies and business development companies) (2).

**Does Locust Wood Capital Advisers, 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/135140

**What changed in Locust Wood Capital Advisers, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $3,339,857,058 to $4,395,858,889 (+32%).

## 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: $4,395,858,889
- Discretionary: $4,395,858,889
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $0 |
| High net worth individuals | 3 | $60,014,863 |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $1,300,643,855 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 2 | $658,054,898 |
| Charitable organizations | 1 | $85,900,835 |
| State or municipal government entities (including government pension plans) | 1 | $615,301,302 |
| Other investment advisers | 6 | $1,396,783,189 |
| Insurance companies | 1 | $37,018,847 |
| Sovereign wealth funds and foreign official institutions | 1 | $242,141,100 |
| Corporations or other businesses not listed above | Fewer than 5 | $0 |
| Other | 1 | $0 |

### 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: 2011 (15 years)
- Employees: 12 total, 5 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
- Palm Beach Gardens, FL

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,707,844,349 | 11 | March 23, 2021 |
| October 2022 | $2,179,913,433 | 11 | March 29, 2022 |
| October 2023 | $1,808,097,615 | 11 | March 30, 2023 |
| October 2024 | $2,761,235,921 | 11 | September 25, 2024 |
| October 2025 | $3,339,857,058 | 11 | March 26, 2025 |
| October 2026 | $4,395,858,889 | 12 | March 27, 2026 |

Regulatory assets under management: $1,707,844,349 in the October 2021 data and $4,395,858,889 in the October 2026 data, up 157%.
Total employees: 11 in October 2021 and 12 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $3,339,857,058 to $4,395,858,889 (+32%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Locust Wood Capital Advisers, LLC (CRD 135140): Form ADV filing data as of October 2026.