# Mundoval Capital Management, Inc.

> Mundoval Capital Management, Inc. is an SEC-registered investment advisory firm in La Jolla, CA, registered since 2004, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated February 9, 2026.

- CRD: 132553
- Filed as: MUNDOVAL CAPITAL MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: La Jolla, CA
- Filing period: October 2026
- Form ADV filing dated: February 9, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/132553
- AdvisorCensus page: https://advisorcensus.com/firm/mundoval-capital-management-inc-la-jolla-ca-132553

## Quick answers

**How is Mundoval Capital Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Mundoval Capital Management, Inc. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is Mundoval Capital Management, Inc. located?**
Mundoval Capital Management, Inc.'s principal office is in La Jolla, CA, according to its Form ADV.

**Is Mundoval Capital Management, Inc. registered with the SEC or a state?**
Mundoval Capital Management, Inc. is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 132553.

**How much does Mundoval Capital Management, Inc. manage?**
Mundoval Capital Management, Inc. reports $91,931,822 in regulatory assets under management in its Form ADV filing dated February 9, 2026 (100% discretionary).

**How have Mundoval Capital Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Mundoval Capital Management, Inc.: Regulatory assets under management: $72,619,957 in the October 2021 data and $91,931,822 in the October 2026 data, up 27%. Total employees: 2 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Mundoval Capital Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (36); high net worth individuals (28); investment companies (1).

**Which custodians does Mundoval Capital Management, Inc. use?**
Mundoval Capital Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Huntington Bank and Interactive Brokers LLC as custodians holding 10% or more of its separately managed account assets.

**Does Mundoval Capital Management, Inc. 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/132553

**Does Mundoval Capital Management, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated February 9, 2026 says: "Mundoval Capital requires a minimum of $250,000 to open an account. In certain instances, the minimum account size may be lowered or waived."

**What changed in Mundoval Capital Management, Inc.'s recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $73,238,954 to $91,931,822 (+26%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated February 9, 2026)

- Account minimum: $250,000 (the brochure says it may be waived or negotiated)

> Mundoval Capital requires a minimum of $250,000 to open an account. In certain instances, the minimum account size may be lowered or waived.

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Huntington Bank
- Interactive Brokers LLC

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: $91,931,822
- Discretionary: $91,931,822
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 36 | $8,302,510 |
| High net worth individuals | 28 | $47,399,289 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 1 | $28,000,532 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 1 | $4,475,782 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 1 | $3,753,709 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |

### 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 businesses (other than small businesses) or institutional clients
- Pension consulting services

### Firm details
- Registered since: 2004 (22 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $72,619,957 | 2 | January 28, 2021 |
| October 2022 | $78,550,531 | 2 | May 18, 2022 |
| October 2023 | $66,880,977 | 4 | May 9, 2023 |
| October 2024 | $65,895,373 | 4 | February 14, 2024 |
| October 2025 | $73,238,954 | 3 | February 14, 2025 |
| October 2026 | $91,931,822 | 3 | February 9, 2026 |

Regulatory assets under management: $72,619,957 in the October 2021 data and $91,931,822 in the October 2026 data, up 27%.
Total employees: 2 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $73,238,954 to $91,931,822 (+26%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Mundoval Capital Management, Inc. (CRD 132553): Form ADV filing data as of October 2026.