{
  "crd_number": 328207,
  "slug": "obra-fund-management-llc-new-york-ny-328207",
  "primary_business_name": "OBRA FUND MANAGEMENT, LLC",
  "legal_name": "OBRA FUND MANAGEMENT, LLC",
  "dbas": [],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2024-01-05",
  "years_registered": 2,
  "period": "2026-10-01",
  "filing_date": "2026-09-23",
  "carried_forward": false,
  "raum_total": 71644067.0,
  "raum_discretionary": 71644067.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "25m_100m",
  "raum_band_label": "$25 million to $100 million",
  "total_employees": 47,
  "advisory_employees": 40,
  "client_count_bucket": null,
  "clients_by_type": {
    "investment_companies": {
      "raum": 71644067.0,
      "count": 3
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "NY"
  ],
  "websites": [
    "https://linkedin.com/company/obracapital/mycompany?viewAsMember=true",
    "https://obra.com",
    "https://obrafunds.com",
    "https://x.com/obracapital"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/328207",
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/obra-fund-management-llc-new-york-ny-328207",
  "display_name": "Obra Fund Management, LLC",
  "summary": "Obra Fund Management, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2024, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated September 23, 2026.",
  "citation": "AdvisorCensus. Obra Fund Management, LLC (CRD 328207): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Obra Fund Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Obra Fund Management, LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "How much does Obra Fund Management, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: up to 0.63% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Obra Fund Management, LLC located?",
      "a": "Obra Fund Management, LLC's principal office is in New York, NY, according to its Form ADV."
    },
    {
      "q": "Is Obra Fund Management, LLC registered with the SEC or a state?",
      "a": "Obra Fund Management, LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 328207."
    },
    {
      "q": "How much does Obra Fund Management, LLC manage?",
      "a": "Obra Fund Management, LLC reports $71,644,067 in regulatory assets under management in its Form ADV filing dated September 23, 2026 (100% discretionary)."
    },
    {
      "q": "How have Obra Fund Management, LLC's assets and staff changed since 2024?",
      "a": "In the Form ADV data for Obra Fund Management, LLC: Regulatory assets under management: $0 in the October 2024 data and $71,644,067 in the October 2026 data. Total employees: 18 in October 2024 and 47 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Obra Fund Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: investment companies (3)."
    },
    {
      "q": "Does Obra Fund Management, LLC report any disciplinary disclosures?",
      "a": "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/328207"
    },
    {
      "q": "What changed in Obra Fund Management, LLC's recent Form ADV filings?",
      "a": "In the October 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 0.0,
      "total_employees": 18,
      "filing_date": "2024-03-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 47868542.0,
      "total_employees": 33,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 71644067.0,
      "total_employees": 47,
      "filing_date": "2026-09-23"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $47,868,542 to $71,644,067 (+50%).",
        "Employees performing advisory functions went from 5 to 40."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in TX."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "0.63% of assets a year",
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 0.63% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "In general, management fees charged by OFM to the Funds range up to 0. 63% per annum of the average daily net assets of each Fund."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": 0.63,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "In general, management fees charged by OFM to the Funds range up to 0. 63% per annum of the average daily net assets of each Fund."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/obra-fund-management-llc-new-york-ny-328207.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 3,
      "fewer_than_5": false,
      "raum": 71644067.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "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/328207",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}