# Mastodon Capital Management, LLC

> Mastodon Capital Management, LLC is a state-registered investment advisory firm, registered since 2013, reporting under $25 million in regulatory assets under management in its Form ADV filing dated April 14, 2022.

- CRD: 166522
- Filed as: MASTODON CAPITAL MANAGEMENT, LLC
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: Registered in Texas
- Filing period: October 2026
- Form ADV filing dated: April 14, 2022
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/166522
- AdvisorCensus page: https://advisorcensus.com/firm/mastodon-capital-management-llc-166522

## Quick answers

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

**Is Mastodon Capital Management, LLC registered with the SEC or a state?**
Mastodon Capital Management, LLC is a state-registered investment advisory firm, registered since 2013. Status as filed: APPROVED. CRD 166522.

**How much does Mastodon Capital Management, LLC manage?**
Mastodon Capital Management, LLC reports $1,324,662 in regulatory assets under management in its Form ADV filing dated April 14, 2022 (100% discretionary).

**What types of clients does Mastodon 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) (1).

**Does Mastodon 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 public record on IAPD: https://adviserinfo.sec.gov/firm/summary/166522

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $1,324,662
- Discretionary: $1,324,662
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $1,324,662 |

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

### Firm details
- Registered since: 2013 (12 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Mastodon Capital Management, LLC (CRD 166522): Form ADV filing data as of October 2026.