{ "crd_number": 165153, "slug": "montanova-capital-llc-new-york-ny-165153", "primary_business_name": "MONTANOVA CAPITAL, LLC", "legal_name": "MONTANOVA CAPITAL, LLC", "dbas": [], "city": "New York", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2014-06-26", "years_registered": 12, "period": "2026-10-01", "filing_date": "2026-07-01", "carried_forward": false, "raum_total": 7866697832.0, "raum_discretionary": 7866697832.0, "raum_non_discretionary": 0.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 23, "advisory_employees": 12, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 7866697832.0, "count": 10 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 1, "states_registered": [], "websites": [ "https://linkedin.com/company/52792230/admin/dashboard", "https://montanova.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/165153", "disclosure_items": [ { "item": "11.D(2)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?" } ], "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/montanova-capital-llc-new-york-ny-165153", "display_name": "Montanova Capital, LLC", "summary": "Montanova Capital, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2014, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 1, 2026.", "citation": "AdvisorCensus. Montanova Capital, LLC (CRD 165153): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is Montanova Capital, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Montanova Capital, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is Montanova Capital, LLC located?", "a": "Montanova Capital, LLC's principal office is in New York, NY, according to its Form ADV." }, { "q": "Is Montanova Capital, LLC registered with the SEC or a state?", "a": "Montanova Capital, LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 165153." }, { "q": "How much does Montanova Capital, LLC manage?", "a": "Montanova Capital, LLC reports $7,866,697,832 in regulatory assets under management in its Form ADV filing dated July 1, 2026 (100% discretionary)." }, { "q": "How have Montanova Capital, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Montanova Capital, LLC: Regulatory assets under management: $7,853,949,144 in the October 2021 data and $7,866,697,832 in the October 2026 data, unchanged. Total employees: 31 in October 2021 and 23 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Montanova Capital, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (10)." }, { "q": "Does Montanova Capital, LLC report any disciplinary disclosures?", "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/165153" }, { "q": "Does Montanova Capital, LLC state an account minimum?", "a": "Its Form ADV Part 2A brochure dated July 1, 2026 says: \"Each Feeder Fund generally requires a minimum investment of $1 million; however, Montanova (or a Fund’s board of directors if applicable) maintains discretion to accept less than the minimum investment threshold.\"" }, { "q": "What changed in Montanova Capital, LLC's recent Form ADV filings?", "a": "In the August 2026 filing data: Changed its legal name from Suvretta Capital Management, LLC to Montanova Capital, LLC. Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 7853949144.0, "total_employees": 31, "filing_date": "2021-03-29" }, { "period": "2022-10-01", "regulatory_assets_under_management": 7098443146.0, "total_employees": 32, "filing_date": "2022-03-28" }, { "period": "2023-10-01", "regulatory_assets_under_management": 5162283155.0, "total_employees": 32, "filing_date": "2023-06-14" }, { "period": "2024-10-01", "regulatory_assets_under_management": 4490893812.0, "total_employees": 24, "filing_date": "2024-03-26" }, { "period": "2025-10-01", "regulatory_assets_under_management": 5100255293.0, "total_employees": 25, "filing_date": "2025-03-26" }, { "period": "2026-10-01", "regulatory_assets_under_management": 7866697832.0, "total_employees": 23, "filing_date": "2026-07-01" } ], "recent_changes": [ { "period": "2026-08-01", "period_label": "August 2026", "notes": [ "Changed its legal name from Suvretta Capital Management, LLC to Montanova Capital, LLC.", "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 14 to 12.", "Regulatory assets under management went from $5,100,255,293 to $7,866,697,832 (+54%)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated July 1, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": "$1,000,000", "account_minimum_may_be_waived": true, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Account minimum", "statements": [ "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)" ], "quotes": [ "Each Feeder Fund generally requires a minimum investment of $1 million; however, Montanova (or a Fund’s board of directors if applicable) maintains discretion to accept less than the minimum investment threshold." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": null, "account_minimum": 1000000.0, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "Each Feeder Fund generally requires a minimum investment of $1 million; however, Montanova (or a Fund’s board of directors if applicable) maintains discretion to accept less than the minimum investment threshold." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/montanova-capital-llc-new-york-ny-165153.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 10, "fewer_than_5": false, "raum": 7866697832.0 } ], "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/165153", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }