# Nokomis Capital, L.L.C.

> Nokomis Capital, L.L.C. is an SEC-registered investment advisory firm in Dallas, TX, registered since 2012, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 23, 2026.

- CRD: 145627
- Filed as: NOKOMIS CAPITAL, L.L.C.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dallas, TX
- Filing period: October 2026
- Form ADV filing dated: March 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/145627
- AdvisorCensus page: https://advisorcensus.com/firm/nokomis-capital-l-l-c-dallas-tx-145627

## Quick answers

**How is Nokomis Capital, L.L.C. compensated?**
On its Form ADV (Item 5.E, October 2026), Nokomis Capital, L.L.C. reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Nokomis Capital, L.L.C. located?**
Nokomis Capital, L.L.C.'s principal office is in Dallas, TX, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Nokomis Capital, L.L.C. registered with the SEC or a state?**
Nokomis Capital, L.L.C. is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 145627.

**How much does Nokomis Capital, L.L.C. manage?**
Nokomis Capital, L.L.C. reports $804,159,000 in regulatory assets under management in its Form ADV filing dated March 23, 2026 (100% discretionary).

**How have Nokomis Capital, L.L.C.'s assets and staff changed since 2021?**
In the Form ADV data for Nokomis Capital, L.L.C.: Regulatory assets under management: $408,810,111 in the October 2021 data and $804,159,000 in the October 2026 data, up 97%. Total employees: 5 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Nokomis Capital, L.L.C. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1); charitable organizations (1).

**Which custodians does Nokomis Capital, L.L.C. use?**
Nokomis Capital, L.L.C.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Nokomis Capital, L.L.C. 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/145627

**What changed in Nokomis Capital, L.L.C.'s recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $621,196,000 to $804,159,000 (+29%).

## 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))
- National Financial Services 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: $804,159,000
- Discretionary: $804,159,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $636,705,000 |
| Charitable organizations | 1 | $167,454,000 |

### 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: 2012 (14 years)
- Employees: 5 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.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Larkspur, CA

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $408,810,111 | 5 | July 12, 2021 |
| October 2022 | $387,184,585 | 4 | March 4, 2022 |
| October 2023 | $530,007,337 | 4 | May 17, 2023 |
| October 2024 | $641,299,648 | 5 | August 20, 2024 |
| October 2025 | $621,196,000 | 5 | March 28, 2025 |
| October 2026 | $804,159,000 | 5 | March 23, 2026 |

Regulatory assets under management: $408,810,111 in the October 2021 data and $804,159,000 in the October 2026 data, up 97%.
Total employees: 5 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $621,196,000 to $804,159,000 (+29%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Nokomis Capital, L.L.C. (CRD 145627): Form ADV filing data as of October 2026.