{
  "crd_number": 134747,
  "slug": "sparx-asset-management-co-ltd-tokyo-134747",
  "primary_business_name": "SPARX ASSET MANAGEMENT CO., LTD.",
  "legal_name": "SPARX ASSET MANAGEMENT CO., LTD.",
  "dbas": [],
  "city": "Tokyo",
  "state": null,
  "country": "Japan",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2005-08-16",
  "years_registered": 21,
  "period": "2026-10-01",
  "filing_date": "2026-06-08",
  "carried_forward": false,
  "raum_total": 11713911895.0,
  "raum_discretionary": 11129928967.0,
  "raum_non_discretionary": 583982928.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 145,
  "advisory_employees": 35,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 583982928.0,
      "count": 9,
      "description": "OTHER THAN (D) INVESTMENT COMPANIES"
    },
    "charitable": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": 2682821993.0,
      "count": 2,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 524694471.0,
      "count": 2
    },
    "pension_profit_sharing": {
      "raum": 295968064.0,
      "count": 15
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 7604050537.0,
      "count": 69
    },
    "corporations_other_businesses": {
      "raum": 22393902.0,
      "count": 1,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://sparx.co.jp",
    "https://sparx.co.jp/INS"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/134747",
  "city_as_filed": "TOKYO",
  "url": "https://advisorcensus.com/firm/sparx-asset-management-co-ltd-tokyo-134747",
  "display_name": "Sparx Asset Management Co., Ltd.",
  "summary": "Sparx Asset Management Co., Ltd. is an SEC-registered investment advisory firm in Tokyo, Japan, registered since 2005, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 8, 2026.",
  "citation": "AdvisorCensus. Sparx Asset Management Co., Ltd. (CRD 134747): 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 investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Sparx Asset Management Co., Ltd. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Sparx Asset Management Co., Ltd. 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 Sparx Asset Management Co., Ltd. located?",
      "a": "Sparx Asset Management Co., Ltd.'s principal office is in Tokyo, Japan, according to its Form ADV."
    },
    {
      "q": "Is Sparx Asset Management Co., Ltd. registered with the SEC or a state?",
      "a": "Sparx Asset Management Co., Ltd. is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 134747."
    },
    {
      "q": "How much does Sparx Asset Management Co., Ltd. manage?",
      "a": "Sparx Asset Management Co., Ltd. reports $11,713,911,895 in regulatory assets under management in its Form ADV filing dated June 8, 2026 (95% discretionary)."
    },
    {
      "q": "How have Sparx Asset Management Co., Ltd.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Sparx Asset Management Co., Ltd.: Regulatory assets under management: $11,168,567,473 in the October 2021 data and $11,713,911,895 in the October 2026 data, up 5%. Total employees: 135 in October 2021 and 145 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Sparx Asset Management Co., Ltd. serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (69); pension and profit sharing plans (but not the plan participants or government pension plans) (15); other (9)."
    },
    {
      "q": "Which custodians does Sparx Asset Management Co., Ltd. use?",
      "a": "Sparx Asset Management Co., Ltd.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Citibank N.A. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Sparx Asset Management Co., Ltd. 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/134747"
    },
    {
      "q": "What changed in Sparx Asset Management Co., Ltd.'s recent Form ADV filings?",
      "a": "In the July 2026 filing data: Employees performing advisory functions went from 37 to 35. Regulatory assets under management went from $10,042,395,515 to $11,713,911,895 (+17%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 11168567473.0,
      "total_employees": 135,
      "filing_date": "2021-06-24"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 9967490302.0,
      "total_employees": 137,
      "filing_date": "2022-06-13"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 8556351567.0,
      "total_employees": 134,
      "filing_date": "2023-06-26"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 10355782326.0,
      "total_employees": 144,
      "filing_date": "2024-06-20"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 10042395515.0,
      "total_employees": 147,
      "filing_date": "2025-06-17"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 11713911895.0,
      "total_employees": 145,
      "filing_date": "2026-06-08"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Employees performing advisory functions went from 37 to 35.",
        "Regulatory assets under management went from $10,042,395,515 to $11,713,911,895 (+17%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Citibank N.A.",
      "name_as_filed": "CITIBANK N.A.",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/sparx-asset-management-co-ltd-tokyo-134747.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 2,
      "fewer_than_5": false,
      "raum": 524694471.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 69,
      "fewer_than_5": false,
      "raum": 7604050537.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 15,
      "fewer_than_5": false,
      "raum": 295968064.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 2,
      "fewer_than_5": true,
      "raum": 2682821993.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1,
      "fewer_than_5": true,
      "raum": 22393902.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 9,
      "fewer_than_5": false,
      "raum": 583982928.0
    }
  ],
  "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/134747",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}