# Thorofare, LLC

> Thorofare, LLC is an SEC-registered investment advisory firm in El Segundo, CA, registered since 2014, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 18, 2026.

- CRD: 171293
- Filed as: THOROFARE, LLC
- Also doing business as: THOROFARE CAPITAL
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: El Segundo, CA
- Filing period: October 2026
- Form ADV filing dated: August 18, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/171293
- AdvisorCensus page: https://advisorcensus.com/firm/thorofare-llc-el-segundo-ca-171293

## Quick answers

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

**Where is Thorofare, LLC located?**
Thorofare, LLC's principal office is in El Segundo, CA, according to its Form ADV; the September 2026 filing also lists 4 other offices (Schedule D, Section 1.F).

**Is Thorofare, LLC registered with the SEC or a state?**
Thorofare, LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 171293.

**How much does Thorofare, LLC manage?**
Thorofare, LLC reports $1,403,774,527 in regulatory assets under management in its Form ADV filing dated August 18, 2026 (100% discretionary).

**How have Thorofare, LLC's assets and staff changed since 2021?**
In the Form ADV data for Thorofare, LLC: Regulatory assets under management: $645,234,664 in the October 2021 data and $1,403,774,527 in the October 2026 data, up 118%. Total employees: 25 in October 2021 and 27 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Thorofare, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does Thorofare, LLC 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/171293

**What changed in Thorofare, LLC's recent Form ADV filings?**
In the September 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $1,403,774,527
- Discretionary: $1,403,774,527
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $1,403,774,527 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |

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

### Firm details
- Registered since: 2014 (11 years)
- Employees: 27 total, 17 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Coral Gables, FL
- Dallas, TX
- New York, NY
- Newport Beach, CA

### Websites listed on Form ADV (Item 1.I)
- callodine.com/businesses/thorofare-capital
- thorofarecapital.com
- Facebook @ThorofareCapital
- Instagram @thorofarecapital
- LinkedIn @thorofare-capital
- X @ThorofareCap

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $645,234,664 | 25 | March 30, 2021 |
| October 2022 | $1,088,951,730 | 26 | July 1, 2022 |
| October 2023 | $1,412,607,371 | 25 | August 22, 2023 |
| October 2024 | $1,576,914,964 | 32 | March 28, 2024 |
| October 2025 | $1,293,925,371 | 29 | June 2, 2025 |
| October 2026 | $1,403,774,527 | 27 | August 18, 2026 |

Regulatory assets under management: $645,234,664 in the October 2021 data and $1,403,774,527 in the October 2026 data, up 118%.
Total employees: 25 in October 2021 and 27 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 18 to 17.
- Added an office in New York, NY.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Thorofare, LLC (CRD 171293): Form ADV filing data as of October 2026.