# Tonka Capital Partners, LLC

> Tonka Capital Partners, LLC is an SEC-registered investment advisory firm in Minnetonka, MN, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 7, 2026.

- CRD: 298336
- Filed as: TONKA CAPITAL PARTNERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minnetonka, MN
- Filing period: October 2026
- Form ADV filing dated: May 7, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/298336
- AdvisorCensus page: https://advisorcensus.com/firm/tonka-capital-partners-llc-minnetonka-mn-298336

## Quick answers

**How is Tonka Capital Partners, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Tonka Capital Partners, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Tonka Capital Partners, LLC located?**
Tonka Capital Partners, LLC's principal office is in Minnetonka, MN, according to its Form ADV.

**Is Tonka Capital Partners, LLC registered with the SEC or a state?**
Tonka Capital Partners, LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 298336.

**How much does Tonka Capital Partners, LLC manage?**
Tonka Capital Partners, LLC reports $139,803,027 in regulatory assets under management in its Form ADV filing dated May 7, 2026 (51% discretionary).

**How have Tonka Capital Partners, LLC's assets and staff changed since 2024?**
In the Form ADV data for Tonka Capital Partners, LLC: Regulatory assets under management: $132,422,757 in the October 2024 data and $139,803,027 in the October 2026 data, up 6%. Total employees: 3 in October 2024 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Tonka Capital Partners, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1).

**Which custodians does Tonka Capital Partners, LLC use?**
Tonka Capital Partners, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Wells Fargo Clearing Services, LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Tonka Capital Partners, 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/298336

## 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

### Custodians (Schedule D, Section 5.K(3))
- Wells Fargo Clearing Services, 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: $139,803,027
- Discretionary: $71,576,368
- Non-discretionary: $68,226,659

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $71,576,368 |
| Charitable organizations | Fewer than 5 | $5,121,079 |
| Corporations or other businesses not listed above | Fewer than 5 | $63,105,580 |

### 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: 2024 (2 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $132,422,757 | 3 | July 16, 2024 |
| October 2025 | $135,311,500 | 3 | March 18, 2025 |
| October 2026 | $139,803,027 | 3 | May 7, 2026 |

Regulatory assets under management: $132,422,757 in the October 2024 data and $139,803,027 in the October 2026 data, up 6%.
Total employees: 3 in October 2024 and 3 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Tonka Capital Partners, LLC (CRD 298336): Form ADV filing data as of October 2026.