{ "crd_number": 323759, "slug": "s2-fund-manager-llc-dallas-tx-323759", "primary_business_name": "S2 FUND MANAGER, LLC", "legal_name": "S2 FUND MANAGER, LLC", "dbas": [ "S2 CAPITAL" ], "city": "Dallas", "state": "TX", "country": "United States", "cbsa_code": "19100", "metro": { "cbsa_code": "19100", "common_name": "Dallas", "msa_name": "Dallas-Fort Worth-Arlington, TX", "path": "/advisors/tx/dallas" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2023-03-13", "years_registered": 3, "period": "2026-10-01", "filing_date": "2026-07-14", "carried_forward": false, "raum_total": 474775840.0, "raum_discretionary": 474775840.0, "raum_non_discretionary": 0.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 42, "advisory_employees": 14, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 474775840.0, "count": 6 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CT", "TX" ], "websites": [ "https://linkedin.com/company/s2-capital-llc", "https://s2cp.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/323759", "city_as_filed": "DALLAS", "url": "https://advisorcensus.com/firm/s2-fund-manager-llc-dallas-tx-323759", "display_name": "S2 Fund Manager, LLC", "summary": "S2 Fund Manager, LLC is an SEC-registered investment advisory firm in Dallas, TX, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 14, 2026.", "citation": "AdvisorCensus. S2 Fund Manager, LLC (CRD 323759): 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)" ], "quick_answers": [ { "q": "How is S2 Fund Manager, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), S2 Fund Manager, 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 S2 Fund Manager, LLC located?", "a": "S2 Fund Manager, LLC's principal office is in Dallas, TX, according to its Form ADV." }, { "q": "Is S2 Fund Manager, LLC registered with the SEC or a state?", "a": "S2 Fund Manager, LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 323759." }, { "q": "How much does S2 Fund Manager, LLC manage?", "a": "S2 Fund Manager, LLC reports $474,775,840 in regulatory assets under management in its Form ADV filing dated July 14, 2026 (100% discretionary)." }, { "q": "How have S2 Fund Manager, LLC's assets and staff changed since 2023?", "a": "In the Form ADV data for S2 Fund Manager, LLC: Regulatory assets under management: $100,050,000 in the October 2023 data and $474,775,840 in the October 2026 data, up 375%. Total employees: 30 in October 2023 and 42 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does S2 Fund Manager, 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": "Does S2 Fund Manager, 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/323759" }, { "q": "What changed in S2 Fund Manager, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Regulatory assets under management went from $792,258,466 to $464,747,990 (-41%). No longer lists an office in Stamford, CT. Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2023-10-01", "regulatory_assets_under_management": 100050000.0, "total_employees": 30, "filing_date": "2023-08-30" }, { "period": "2024-10-01", "regulatory_assets_under_management": 312207616.0, "total_employees": 33, "filing_date": "2024-04-02" }, { "period": "2025-10-01", "regulatory_assets_under_management": 792258466.0, "total_employees": 45, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 474775840.0, "total_employees": 42, "filing_date": "2026-07-14" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $792,258,466 to $464,747,990 (-41%).", "No longer lists an office in Stamford, CT.", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/s2-fund-manager-llc-dallas-tx-323759.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": 474775840.0 } ], "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/323759", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }