# Maren Capital

> Maren Capital is an SEC-registered investment advisory firm in Chicago, IL, registered since 2022, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 16, 2026.

- CRD: 319626
- Filed as: MAREN CAPITAL
- Legal name: Maren Capital LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: April 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/319626
- AdvisorCensus page: https://advisorcensus.com/firm/maren-capital-chicago-il-319626

## Quick answers

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

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

**Is Maren Capital registered with the SEC or a state?**
Maren Capital is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 319626.

**How much does Maren Capital manage?**
Maren Capital reports $2,080,183,779 in regulatory assets under management in its Form ADV filing dated April 16, 2026 (100% discretionary).

**How have Maren Capital's assets and staff changed since 2022?**
In the Form ADV data for Maren Capital: Regulatory assets under management: $0 in the October 2022 data and $2,080,183,779 in the October 2026 data. Total employees: 3 in October 2022 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Maren Capital serve?**
By number of clients on Form ADV Item 5.D: charitable organizations (5); investment companies (2); pooled investment vehicles (other than investment companies and business development companies) (2).

**Which custodians does Maren Capital use?**
Maren Capital's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon, Charles Schwab & Co., Inc. and Northern Trust as custodians holding 10% or more of its separately managed account assets.

**Does Maren Capital 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/319626

**What changed in Maren Capital's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $1,400,123,238 to $2,080,183,779 (+49%). Registered or notice-filed in LA.

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon
- Charles Schwab & Co., Inc.
- Northern Trust

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: $2,080,183,779
- Discretionary: $2,080,183,779
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $2,479,371 |
| High net worth individuals | Fewer than 5 | $240,366,717 |
| Investment companies | 2 | $558,471,759 |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $399,655,457 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $22,218,426 |
| Charitable organizations | 5 | $506,503,897 |
| Other investment advisers | Fewer than 5 | $350,488,152 |

### 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: 2022 (4 years)
- Employees: 6 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL, LA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $0 | 3 | August 8, 2022 |
| October 2023 | $161,920,815 | 3 | February 1, 2023 |
| October 2024 | $888,954,863 | 5 | March 27, 2024 |
| October 2025 | $1,400,123,238 | 6 | March 28, 2025 |
| October 2026 | $2,080,183,779 | 6 | April 16, 2026 |

Regulatory assets under management: $0 in the October 2022 data and $2,080,183,779 in the October 2026 data.
Total employees: 3 in October 2022 and 6 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $1,400,123,238 to $2,080,183,779 (+49%).
- Registered or notice-filed in LA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Maren Capital (CRD 319626): Form ADV filing data as of October 2026.