{
  "crd_number": 138757,
  "slug": "teewinot-capital-advisers-l-l-c-norwalk-ct-138757",
  "primary_business_name": "TEEWINOT CAPITAL ADVISERS, L.L.C.",
  "legal_name": "TEEWINOT CAPITAL ADVISERS, L.L.C.",
  "dbas": [],
  "city": "Norwalk",
  "state": "CT",
  "country": "United States",
  "cbsa_code": "14860",
  "metro": {
    "cbsa_code": "14860",
    "common_name": "Bridgeport",
    "msa_name": "Bridgeport-Stamford-Danbury, CT",
    "path": "/advisors/ct/bridgeport"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2006-03-08",
  "years_registered": 20,
  "period": "2026-10-01",
  "filing_date": "2026-06-24",
  "carried_forward": false,
  "raum_total": 1611908176.0,
  "raum_discretionary": 1611908176.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 9,
  "advisory_employees": 9,
  "client_count_bucket": null,
  "clients_by_type": {
    "other_investment_advisers": {
      "raum": 1501719958.0,
      "count": 4
    },
    "high_net_worth_individuals": {
      "raum": 10125000.0,
      "count": 1
    },
    "pooled_investment_vehicles": {
      "raum": 100063218.0,
      "count": 3
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "NY"
  ],
  "websites": [
    "https://teewinotfunds.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/138757",
  "city_as_filed": "NORWALK",
  "url": "https://advisorcensus.com/firm/teewinot-capital-advisers-l-l-c-norwalk-ct-138757",
  "display_name": "Teewinot Capital Advisers, L.L.C.",
  "summary": "Teewinot Capital Advisers, L.L.C. is an SEC-registered investment advisory firm in Norwalk, CT, registered since 2006, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 24, 2026.",
  "citation": "AdvisorCensus. Teewinot Capital Advisers, L.L.C. (CRD 138757): 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)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Teewinot Capital Advisers, L.L.C. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Teewinot Capital Advisers, L.L.C. reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "What does Teewinot Capital Advisers, L.L.C.'s brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated April 1, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Teewinot Capital Advisers, L.L.C. located?",
      "a": "Teewinot Capital Advisers, L.L.C.'s principal office is in Norwalk, CT, according to its Form ADV."
    },
    {
      "q": "Is Teewinot Capital Advisers, L.L.C. registered with the SEC or a state?",
      "a": "Teewinot Capital Advisers, L.L.C. is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 138757."
    },
    {
      "q": "How much does Teewinot Capital Advisers, L.L.C. manage?",
      "a": "Teewinot Capital Advisers, L.L.C. reports $1,611,908,176 in regulatory assets under management in its Form ADV filing dated June 24, 2026 (100% discretionary)."
    },
    {
      "q": "How have Teewinot Capital Advisers, L.L.C.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Teewinot Capital Advisers, L.L.C.: Regulatory assets under management: $358,718,140 in the October 2021 data and $1,611,908,176 in the October 2026 data, up 349%. Total employees: 10 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Teewinot Capital Advisers, L.L.C. serve?",
      "a": "By number of clients on Form ADV Item 5.D: other investment advisers (4); pooled investment vehicles (other than investment companies and business development companies) (3); high net worth individuals (1)."
    },
    {
      "q": "Which custodians does Teewinot Capital Advisers, L.L.C. use?",
      "a": "Teewinot Capital Advisers, L.L.C.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Northern Trust Securities, Inc. and State Street Global Markets, LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Teewinot Capital Advisers, L.L.C. 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/138757"
    },
    {
      "q": "What changed in Teewinot Capital Advisers, L.L.C.'s recent Form ADV filings?",
      "a": "In the May 2026 filing data: Regulatory assets under management went from $1,191,738,398 to $1,611,908,176 (+35%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 358718140.0,
      "total_employees": 10,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 441994024.0,
      "total_employees": 10,
      "filing_date": "2022-06-16"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 604316749.0,
      "total_employees": 9,
      "filing_date": "2023-07-07"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 841872611.0,
      "total_employees": 9,
      "filing_date": "2024-04-01"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1191738398.0,
      "total_employees": 9,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1611908176.0,
      "total_employees": 9,
      "filing_date": "2026-06-24"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Regulatory assets under management went from $1,191,738,398 to $1,611,908,176 (+35%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated April 1, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "2% of assets a year",
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 2% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "Management fees are typically billed quarterly at annual rates of up to 2.00%."
        ]
      }
    ],
    "quotes": [
      "Management fees are typically billed quarterly at annual rates of up to 2.00%."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Northern Trust Securities, Inc.",
      "name_as_filed": "NORTHERN TRUST SECURITIES, INC.",
      "affiliated": false
    },
    {
      "name": "State Street Global Markets, LLC",
      "name_as_filed": "STATE STREET GLOBAL MARKETS, LLC",
      "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/teewinot-capital-advisers-l-l-c-norwalk-ct-138757.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 1,
      "fewer_than_5": false,
      "raum": 10125000.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 3,
      "fewer_than_5": false,
      "raum": 100063218.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 4,
      "fewer_than_5": false,
      "raum": 1501719958.0
    }
  ],
  "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/138757",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}