{
  "crd_number": 291657,
  "slug": "parallaxes-capital-los-angeles-ca-291657",
  "primary_business_name": "PARALLAXES CAPITAL",
  "legal_name": "PARALLAXES CAPITAL MANAGEMENT, LLC",
  "dbas": [],
  "city": "Los Angeles",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "31080",
  "metro": {
    "cbsa_code": "31080",
    "common_name": "Los Angeles",
    "msa_name": "Los Angeles-Long Beach-Anaheim, CA",
    "path": "/advisors/ca/los-angeles"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2021-04-19",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-03-27",
  "carried_forward": false,
  "raum_total": 620823588.0,
  "raum_discretionary": 525549933.0,
  "raum_non_discretionary": 95273655.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 4,
  "advisory_employees": 2,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 620823588.0,
      "count": 14
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "NY"
  ],
  "websites": [
    "https://linkedin.com/company/parallaxes-capital/about",
    "https://parallaxescapital.com",
    "https://plxcap.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/291657",
  "city_as_filed": "LOS ANGELES",
  "url": "https://advisorcensus.com/firm/parallaxes-capital-los-angeles-ca-291657",
  "display_name": "Parallaxes Capital",
  "summary": "Parallaxes Capital is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2021, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.",
  "citation": "AdvisorCensus. Parallaxes Capital (CRD 291657): 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",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Parallaxes Capital compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Parallaxes Capital reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other."
    },
    {
      "q": "Where is Parallaxes Capital located?",
      "a": "Parallaxes Capital's principal office is in Los Angeles, CA, according to its Form ADV."
    },
    {
      "q": "Is Parallaxes Capital registered with the SEC or a state?",
      "a": "Parallaxes Capital is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 291657."
    },
    {
      "q": "How much does Parallaxes Capital manage?",
      "a": "Parallaxes Capital reports $620,823,588 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (85% discretionary)."
    },
    {
      "q": "How have Parallaxes Capital's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Parallaxes Capital: Regulatory assets under management: $285,998,989 in the October 2021 data and $620,823,588 in the October 2026 data, up 117%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Parallaxes Capital serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (14)."
    },
    {
      "q": "Does Parallaxes Capital 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/291657"
    },
    {
      "q": "Does Parallaxes Capital state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 27, 2026 says: \"The minimum investment in a Fund is typically $10,000,000 but can be waived within the sole discretion of their respective General Partners.\""
    },
    {
      "q": "What changed in Parallaxes Capital's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 1 to 2. Regulatory assets under management went from $499,504,425 to $620,823,588 (+24%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 285998989.0,
      "total_employees": 4,
      "filing_date": "2021-03-19"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 282479319.0,
      "total_employees": 5,
      "filing_date": "2022-04-13"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 367250203.0,
      "total_employees": 5,
      "filing_date": "2023-03-21"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 389079848.0,
      "total_employees": 4,
      "filing_date": "2024-03-24"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 499504425.0,
      "total_employees": 2,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 620823588.0,
      "total_employees": 4,
      "filing_date": "2026-03-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 1 to 2.",
        "Regulatory assets under management went from $499,504,425 to $620,823,588 (+24%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 27, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$10,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $10,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "The minimum investment in a Fund is typically $10,000,000 but can be waived within the sole discretion of their respective General Partners."
        ]
      }
    ],
    "quotes": [
      "The minimum investment in a Fund is typically $10,000,000 but can be waived within the sole discretion of their respective General Partners."
    ],
    "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/parallaxes-capital-los-angeles-ca-291657.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 14,
      "fewer_than_5": false,
      "raum": 620823588.0
    }
  ],
  "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/291657",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}