# Teewinot Capital Advisers, L.L.C.

> 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.

- CRD: 138757
- Filed as: TEEWINOT CAPITAL ADVISERS, L.L.C.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Norwalk, CT
- Filing period: October 2026
- Form ADV filing dated: June 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/138757
- AdvisorCensus page: https://advisorcensus.com/firm/teewinot-capital-advisers-l-l-c-norwalk-ct-138757

## Quick answers

**How is Teewinot Capital Advisers, L.L.C. compensated?**
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.

**How much does Teewinot Capital Advisers, L.L.C. charge?**
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.

**Where is Teewinot Capital Advisers, L.L.C. located?**
Teewinot Capital Advisers, L.L.C.'s principal office is in Norwalk, CT, according to its Form ADV.

**Is Teewinot Capital Advisers, L.L.C. registered with the SEC or a state?**
Teewinot Capital Advisers, L.L.C. is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 138757.

**How much does Teewinot Capital Advisers, L.L.C. manage?**
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).

**How have Teewinot Capital Advisers, L.L.C.'s assets and staff changed since 2021?**
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.

**What types of clients does Teewinot Capital Advisers, L.L.C. serve?**
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).

**Which custodians does Teewinot Capital Advisers, L.L.C. use?**
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.

**Does Teewinot Capital Advisers, L.L.C. 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/138757

**What changed in Teewinot Capital Advisers, L.L.C.'s recent Form ADV filings?**
In the May 2026 filing data: Regulatory assets under management went from $1,191,738,398 to $1,611,908,176 (+35%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated April 1, 2026)

- Asset-based fee: up to 2% of assets a year (the maximum the brochure states)

> Management fees are typically billed quarterly at annual rates of up to 2.00%.

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

### Custodians (Schedule D, Section 5.K(3))
- Northern Trust Securities, Inc.
- State Street Global Markets, 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: $1,611,908,176
- Discretionary: $1,611,908,176
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 1 | $10,125,000 |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $100,063,218 |
| Other investment advisers | 4 | $1,501,719,958 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2006 (20 years)
- Employees: 9 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $358,718,140 | 10 | March 31, 2021 |
| October 2022 | $441,994,024 | 10 | June 16, 2022 |
| October 2023 | $604,316,749 | 9 | July 7, 2023 |
| October 2024 | $841,872,611 | 9 | April 1, 2024 |
| October 2025 | $1,191,738,398 | 9 | March 31, 2025 |
| October 2026 | $1,611,908,176 | 9 | June 24, 2026 |

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.

## Changes in the filing (last 12 months)

### May 2026
- Regulatory assets under management went from $1,191,738,398 to $1,611,908,176 (+35%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Teewinot Capital Advisers, L.L.C. (CRD 138757): Form ADV filing data as of October 2026.