# Montanova Capital, LLC

> 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.

- CRD: 165153
- Filed as: MONTANOVA CAPITAL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: July 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/165153
- AdvisorCensus page: https://advisorcensus.com/firm/montanova-capital-llc-new-york-ny-165153

## Quick answers

**How is Montanova Capital, LLC compensated?**
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.

**Where is Montanova Capital, LLC located?**
Montanova Capital, LLC's principal office is in New York, NY, according to its Form ADV.

**Is Montanova Capital, LLC registered with the SEC or a state?**
Montanova Capital, LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 165153.

**How much does Montanova Capital, LLC manage?**
Montanova Capital, LLC reports $7,866,697,832 in regulatory assets under management in its Form ADV filing dated July 1, 2026 (100% discretionary).

**How have Montanova Capital, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Montanova Capital, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (10).

**Does Montanova Capital, LLC report any disciplinary disclosures?**
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

**Does Montanova Capital, LLC state an account minimum?**
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."

**What changed in Montanova Capital, LLC's recent Form ADV filings?**
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).

## 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 July 1, 2026)

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> 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.

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

### Regulatory assets under management (Item 5.F)
- Total: $7,866,697,832
- Discretionary: $7,866,697,832
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 10 | $7,866,697,832 |

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

### Firm details
- Registered since: 2014 (12 years)
- Employees: 23 total, 12 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/165153

### Websites listed on Form ADV (Item 1.I)
- montanova.com
- LinkedIn @52792230

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $7,853,949,144 | 31 | March 29, 2021 |
| October 2022 | $7,098,443,146 | 32 | March 28, 2022 |
| October 2023 | $5,162,283,155 | 32 | June 14, 2023 |
| October 2024 | $4,490,893,812 | 24 | March 26, 2024 |
| October 2025 | $5,100,255,293 | 25 | March 26, 2025 |
| October 2026 | $7,866,697,832 | 23 | July 1, 2026 |

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.

## Changes in the filing (last 12 months)

### August 2026
- Changed its legal name from Suvretta Capital Management, LLC to Montanova Capital, LLC.
- Updated its list of owners and control persons (Schedule A).

### April 2026
- 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Montanova Capital, LLC (CRD 165153): Form ADV filing data as of October 2026.