# Rail-Splitter Capital Management LLC

> Rail-Splitter Capital Management LLC is an SEC-registered investment advisory firm in Winnetka, IL, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 24, 2026.

- CRD: 338394
- Filed as: RAIL-SPLITTER CAPITAL MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Winnetka, IL
- Filing period: October 2026
- Form ADV filing dated: June 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/338394
- AdvisorCensus page: https://advisorcensus.com/firm/rail-splitter-capital-management-llc-winnetka-il-338394

## Quick answers

**How is Rail-Splitter Capital Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Rail-Splitter Capital Management LLC reports these compensation arrangements: a percentage of assets under its management.

**How much does Rail-Splitter Capital Management LLC charge?**
Its Form ADV Part 2A brochure dated June 24, 2026 states: Asset-based fee: 0.4% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Rail-Splitter Capital Management LLC located?**
Rail-Splitter Capital Management LLC's principal office is in Winnetka, IL, according to its Form ADV.

**Is Rail-Splitter Capital Management LLC registered with the SEC or a state?**
Rail-Splitter Capital Management LLC is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 338394.

**How much does Rail-Splitter Capital Management LLC manage?**
Rail-Splitter Capital Management LLC reports $484,088,810 in regulatory assets under management in its Form ADV filing dated June 24, 2026 (96% discretionary).

**What types of clients does Rail-Splitter Capital Management LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (22); individuals (other than high net worth individuals) (12).

**Which custodians does Rail-Splitter Capital Management LLC use?**
Rail-Splitter Capital Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Goldman Sachs & Co. LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Rail-Splitter Capital Management LLC 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/338394

**What changed in Rail-Splitter Capital Management LLC's recent Form ADV filings?**
In the July 2026 filing data: Regulatory assets under management went from $0 to $484,088,810.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated June 24, 2026)

- Asset-based fee: 0.4% to 2% a year (a range, as the brochure states it)

> Investment advisory fees range from 0.40% to 2.00% annually based on several factors, including: the scope and complexity of the services to be provided; the level of assets to be managed; and the overall relationship with the Advisor.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Goldman Sachs & Co. 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: $484,088,810
- Discretionary: $466,694,778
- Non-discretionary: $17,394,032

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 12 | $18,537,812 |
| High net worth individuals | 22 | $458,460,763 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $7,090,235 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2026 (0 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: IL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- rail-splitter.com

## Changes in the filing (last 12 months)

### July 2026
- Regulatory assets under management went from $0 to $484,088,810.

### March 2026
- Newly registered with the SEC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Rail-Splitter Capital Management LLC (CRD 338394): Form ADV filing data as of October 2026.