{
  "crd_number": 331812,
  "slug": "vistashares-331812",
  "primary_business_name": "VISTASHARES",
  "legal_name": "VISTASHARES ADVISORS LLC",
  "dbas": [],
  "city": null,
  "state": null,
  "country": null,
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2024-08-21",
  "years_registered": 2,
  "period": "2026-10-01",
  "filing_date": "2026-03-23",
  "carried_forward": false,
  "raum_total": 984000000.0,
  "raum_discretionary": 984000000.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 6,
  "advisory_employees": 6,
  "client_count_bucket": null,
  "clients_by_type": {
    "investment_companies": {
      "raum": 984000000.0,
      "count": 9
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "MA"
  ],
  "websites": [
    "https://linkedin.com/company/vistashares",
    "https://reddit.com/user/VistaShares-ETFs",
    "https://vistashares.com",
    "https://x.com/VistaSharesX",
    "https://youtube.com/@Vistashares"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/331812",
  "city_as_filed": null,
  "url": "https://advisorcensus.com/firm/vistashares-331812",
  "display_name": "Vistashares",
  "summary": "Vistashares is an SEC-registered investment advisory firm, registered since 2024, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 23, 2026.",
  "citation": "AdvisorCensus. Vistashares (CRD 331812): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Vistashares compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Vistashares reports these compensation arrangements: a percentage of assets under its management; other. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Is Vistashares registered with the SEC or a state?",
      "a": "Vistashares is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 331812."
    },
    {
      "q": "How much does Vistashares manage?",
      "a": "Vistashares reports $984,000,000 in regulatory assets under management in its Form ADV filing dated March 23, 2026 (100% discretionary)."
    },
    {
      "q": "How have Vistashares' assets and staff changed since 2024?",
      "a": "In the Form ADV data for Vistashares: Regulatory assets under management: $4,839,247 in the October 2025 data and $984,000,000 in the October 2026 data, up 20234%. Total employees: 4 in October 2024 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Vistashares serve?",
      "a": "By number of clients on Form ADV Item 5.D: investment companies (9)."
    },
    {
      "q": "Does Vistashares 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/331812"
    },
    {
      "q": "What changed in Vistashares' recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $4,839,247 to $984,000,000 (+20234%). Employees performing advisory functions went from 3 to 6."
    }
  ],
  "filing_history": [
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": 4,
      "filing_date": "2024-07-22"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 4839247.0,
      "total_employees": 3,
      "filing_date": "2025-05-27"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 984000000.0,
      "total_employees": 6,
      "filing_date": "2026-03-23"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $4,839,247 to $984,000,000 (+20234%).",
        "Employees performing advisory functions went from 3 to 6."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/vistashares-331812.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 9,
      "fewer_than_5": false,
      "raum": 984000000.0
    }
  ],
  "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/331812",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}