# 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.

- CRD: 170322
- Filed as: NISHKAMA CAPITAL LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Rhinebeck, NY
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/170322
- AdvisorCensus page: https://advisorcensus.com/firm/nishkama-capital-llc-rhinebeck-ny-170322

## Quick answers

**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. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**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

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

### Custodians (Schedule D, Section 5.K(3))
- Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Morgan Stanley

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

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 11 | $1,143,766,229 |
| Corporations or other businesses not listed above | Fewer than 5 | $140,800,619 |

### 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

### Firm details
- Registered since: 2018 (8 years)
- Employees: 8 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: PR
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- nishkama.com
- LinkedIn @nishkama-capital-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $435,266,641 | 7 | June 7, 2021 |
| October 2022 | $792,098,544 | 7 | April 28, 2022 |
| October 2023 | $729,952,312 | 8 | May 12, 2023 |
| October 2024 | $845,715,929 | 8 | March 27, 2024 |
| October 2025 | $1,039,753,074 | 7 | May 7, 2025 |
| October 2026 | $1,284,566,848 | 8 | March 25, 2026 |

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.

## Changes in the filing (last 12 months)

### 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Nishkama Capital LLC (CRD 170322): Form ADV filing data as of October 2026.