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Nishkama Capital LLC

Rhinebeck, NYSEC-registered investment adviserCRD 170322

Filed as NISHKAMA CAPITAL LLC

Nishkama Capital LLC is an SEC-registered investment advisory firm in Rhinebeck, NY, registered since 2018, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.

8 years
registered since 2018
$1,284,566,848
assets under management
2 arrangements
Percentage of assets, Performance-based
None
disclosure items (Item 11)

Quick answers

From the filing

How is Nishkama Capital LLC compensated?

On its Form ADV (Item 5.E, October 2026), Nishkama Capital LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

Where is Nishkama Capital LLC located?

Nishkama Capital LLC's principal office is in Rhinebeck, NY, according to its Form ADV.

Is Nishkama Capital LLC registered with the SEC or a state?

Nishkama Capital LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 170322.

How much does Nishkama Capital LLC manage?

Nishkama Capital LLC reports $1,284,566,848 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary).

How have Nishkama Capital LLC's assets and staff changed since 2021?

In the Form ADV data for Nishkama Capital LLC: Regulatory assets under management: $435,266,641 in the October 2021 data and $1,284,566,848 in the October 2026 data, up 195%. Total employees: 7 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

What types of clients does Nishkama Capital LLC serve?

By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (11).

Which custodians does Nishkama Capital LLC use?

Nishkama Capital LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley as custodians holding 10% or more of its separately managed account assets.

Does Nishkama Capital LLC 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/170322

What changed in Nishkama Capital LLC's recent Form ADV filings?

In the April 2026 filing data: Employees performing advisory functions went from 6 to 7. Regulatory assets under management went from $1,039,753,074 to $1,284,566,848 (+24%).

From the Form ADV filing

Every figure below is as the firm filed it with regulators, as of October 2026.

How the firm is compensated

Item 5.E
  • A percentage of assets under your management
  • Performance-based fees

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

Fees and minimums

Form ADV Part 2A

See the firm's brochure (dated March 25, 2026) for its fees and any account minimum, on the SEC's IAPD site.

Regulatory assets under management

Item 5.F
$1,284,566,848

$1,284,566,848 as of October 2026, filing dated March 25, 2026.

Discretionary: $1,284,566,848.Non-discretionary: $0.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

Who the firm serves

Item 5.D
Pooled investment vehicles (other than investment companies and business development companies)
Clients 11 Assets $1,143,766,229 (89%)
Corporations or other businesses not listed above
Clients Fewer than 5 Assets $140,800,619 (11%)

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

Advisory services

Item 5.G
  • Portfolio management for pooled investment vehicles (other than investment companies)
  • Portfolio management for businesses (other than small businesses) or institutional clients

Registration and firm details

Items 1, 2, 5
Registration
SEC-registered investment adviser. Status as filed: Approved.
Registered since
2018 (8 years)
Employees
Total: 8. Performing investment advisory functions: 7.
Wrap fee program participation
No.
Custodians (Schedule D, Section 5.K(3))

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.

States registered or notice-filed
1 state or jurisdiction
PR

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

Disclosures

Item 11

None Reports no disclosure items on Form ADV Item 11. View on IAPD.

Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures

Assets and staff over time

Items 5.A, 5.F
$435M 2021 $792M 2022 $730M 2023 $846M 2024 $1.04B 2025 $1.28B 2026
Data periodAssets under managementEmployeesFiling dated
October 2026$1,284,566,8488March 25, 2026
October 2025$1,039,753,0747May 7, 2025
October 2024$845,715,9298March 27, 2024
October 2023$729,952,3128May 12, 2023
October 2022$792,098,5447April 28, 2022
October 2021$435,266,6417June 7, 2021

Regulatory assets under management: $435,266,641 in the October 2021 data and $1,284,566,848 in the October 2026 data, up 195%.

Total employees: 7 in October 2021 and 8 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

Changes in the filing

Last 12 months
  1. April 2026
    • Employees performing advisory functions went from 6 to 7.
    • Regulatory assets under management went from $1,039,753,074 to $1,284,566,848 (+24%).

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.

Websites listed on Form ADV

Item 1.I
nishkama.com

Source: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."

Cite this page

AdvisorCensus. Nishkama Capital LLC (CRD 170322): Form ADV filing data as of October 2026.
https://advisorcensus.com/firm/nishkama-capital-llc-rhinebeck-ny-170322