{ "crd_number": 305093, "slug": "nzs-capital-llc-denver-co-305093", "primary_business_name": "NZS CAPITAL LLC", "legal_name": "NZS CAPITAL LLC", "dbas": [], "city": "Denver", "state": "CO", "country": "United States", "cbsa_code": "19740", "metro": { "cbsa_code": "19740", "common_name": "Denver", "msa_name": "Denver-Aurora-Centennial, CO", "path": "/advisors/co/denver" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2020-07-17", "years_registered": 6, "period": "2026-10-01", "filing_date": "2026-04-23", "carried_forward": false, "raum_total": 4058262900.0, "raum_discretionary": 4058262900.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 9, "advisory_employees": 5, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "pension_profit_sharing": { "raum": 303600308.0, "count": null, "fewer_than_5": true }, "pooled_investment_vehicles": { "raum": 2265766851.0, "count": 6 }, "sovereign_wealth_foreign_official": { "raum": 1488895741.0, "count": null, "fewer_than_5": true } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 1, "states_registered": [ "CO" ], "websites": [ "https://linkedin.com/company/nzscapital", "https://nzscapital.com", "https://x.com/NZSCapital", "https://youtube.com/channel/UC5MglqQ_XxK8-Z3IdEsTKCQ" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/305093", "disclosure_items": [ { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" } ], "city_as_filed": "DENVER", "url": "https://advisorcensus.com/firm/nzs-capital-llc-denver-co-305093", "display_name": "NZS Capital LLC", "summary": "NZS Capital LLC is an SEC-registered investment advisory firm in Denver, CO, registered since 2020, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 23, 2026.", "citation": "AdvisorCensus. NZS Capital LLC (CRD 305093): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is NZS Capital LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), NZS 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." }, { "q": "Where is NZS Capital LLC located?", "a": "NZS Capital LLC's principal office is in Denver, CO, according to its Form ADV." }, { "q": "Is NZS Capital LLC registered with the SEC or a state?", "a": "NZS Capital LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 305093." }, { "q": "How much does NZS Capital LLC manage?", "a": "NZS Capital LLC reports $4,058,262,900 in regulatory assets under management in its Form ADV filing dated April 23, 2026 (100% discretionary)." }, { "q": "How have NZS Capital LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for NZS Capital LLC: Regulatory assets under management: $541,396,635 in the October 2021 data and $4,058,262,900 in the October 2026 data, up 650%. Total employees: 6 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does NZS Capital LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6)." }, { "q": "Which custodians does NZS Capital LLC use?", "a": "NZS Capital LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon and Citibank, N. A. as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does NZS Capital LLC report any disciplinary disclosures?", "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(4) (another regulator's order in the past ten years). 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/305093" }, { "q": "What changed in NZS Capital LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Regulatory assets under management went from $2,931,558,267 to $4,058,262,900 (+38%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 541396635.0, "total_employees": 6, "filing_date": "2021-09-17" }, { "period": "2022-10-01", "regulatory_assets_under_management": 1351216628.0, "total_employees": 8, "filing_date": "2022-04-29" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1345451758.0, "total_employees": 8, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 2259424480.0, "total_employees": 9, "filing_date": "2024-04-24" }, { "period": "2025-10-01", "regulatory_assets_under_management": 2931558267.0, "total_employees": 9, "filing_date": "2025-05-30" }, { "period": "2026-10-01", "regulatory_assets_under_management": 4058262900.0, "total_employees": 9, "filing_date": "2026-04-23" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $2,931,558,267 to $4,058,262,900 (+38%)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "BNY Mellon", "name_as_filed": "BNY MELLON", "affiliated": false }, { "name": "Citibank, N. A.", "name_as_filed": "CITIBANK, N. A.", "affiliated": false } ], "custodians_note": "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.", "markdown_url": "https://advisorcensus.com/firm/nzs-capital-llc-denver-co-305093.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 6, "fewer_than_5": false, "raum": 2265766851.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": null, "fewer_than_5": true, "raum": 303600308.0 }, { "type": "sovereign_wealth_foreign_official", "label": "Sovereign wealth funds and foreign official institutions", "count": null, "fewer_than_5": true, "raum": 1488895741.0 } ], "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/305093", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }