# Poppy Capital

> Poppy Capital is a state-registered investment advisory firm in San Juan, PR, registered since 2026, reporting under $25 million in regulatory assets under management in its Form ADV filing dated February 20, 2026.

- CRD: 337408
- Filed as: POPPY CAPITAL
- Legal name: Poppy Capital L.L.C.
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: San Juan, PR
- Filing period: October 2026
- Form ADV filing dated: February 20, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/337408
- AdvisorCensus page: https://advisorcensus.com/firm/poppy-capital-san-juan-pr-337408

## Quick answers

**How is Poppy Capital compensated?**
On its Form ADV (Item 5.E, October 2026), Poppy Capital reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Poppy Capital located?**
Poppy Capital's principal office is in San Juan, PR, according to its Form ADV.

**Is Poppy Capital registered with the SEC or a state?**
Poppy Capital is a state-registered investment advisory firm, registered since 2026. Status as filed: APPROVED. CRD 337408.

**How much does Poppy Capital manage?**
Poppy Capital reports $0 in regulatory assets under management in its Form ADV filing dated February 20, 2026.

**Does Poppy Capital report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 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 public record on IAPD: https://adviserinfo.sec.gov/firm/summary/337408

**What changed in Poppy Capital's recent Form ADV filings?**
In the October 2026 filing data: Newly registered with a state securities regulator.

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $0
- Discretionary: $0
- Non-discretionary: $0

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2026 (0 years)
- Employees: 4 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: PR
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/337408

## Changes in the filing (last 12 months)

### October 2026
- Newly registered with a state securities regulator.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Poppy Capital (CRD 337408): Form ADV filing data as of October 2026.