# SQN Capital Management, LLC

> SQN Capital Management, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated April 2, 2025.

- CRD: 158704
- Filed as: SQN CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: April 2, 2025
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/158704
- AdvisorCensus page: https://advisorcensus.com/firm/sqn-capital-management-llc-new-york-ny-158704

## Quick answers

**How is SQN Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), SQN Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.

**How much does SQN Capital Management, LLC charge?**
Its Form ADV Part 2A brochure dated April 2, 2025 states: Asset-based fee: 0.625% to 3% 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 SQN Capital Management, LLC located?**
SQN Capital Management, LLC's principal office is in New York, NY, according to its Form ADV.

**Is SQN Capital Management, LLC registered with the SEC or a state?**
SQN Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 158704.

**How much does SQN Capital Management, LLC manage?**
SQN Capital Management, LLC reports $75,404,607 in regulatory assets under management in its Form ADV filing dated April 2, 2025 (100% discretionary).

**How have SQN Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for SQN Capital Management, LLC: Regulatory assets under management: $434,633,367 in the October 2021 data and $75,404,607 in the October 2026 data, down 83%. Total employees: 9 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does SQN Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Does SQN Capital Management, LLC report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). 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 SEC record: https://adviserinfo.sec.gov/firm/summary/158704

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated April 2, 2025)

- Asset-based fee: 0.625% to 3% a year (a range, as the brochure states it)

> Generally, fees on an annual basis range from 0.625% to 3.00% per year depending on various factors.

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

### Regulatory assets under management (Item 5.F)
- Total: $75,404,607
- Discretionary: $75,404,607
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $75,404,607 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2012 (14 years)
- Employees: 3 total, 1 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an 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 SEC record: https://adviserinfo.sec.gov/firm/summary/158704

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $434,633,367 | 9 | March 31, 2021 |
| October 2022 | $464,633,367 | 9 | March 31, 2022 |
| October 2023 | $414,633,367 | 9 | March 29, 2023 |
| October 2024 | $282,064,845 | 5 | March 29, 2024 |
| October 2025 | $75,404,607 | 3 | April 2, 2025 |
| October 2026 | $75,404,607 | 3 | April 2, 2025 |

Regulatory assets under management: $434,633,367 in the October 2021 data and $75,404,607 in the October 2026 data, down 83%.
Total employees: 9 in October 2021 and 3 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. SQN Capital Management, LLC (CRD 158704): Form ADV filing data as of October 2026.