# Vistashares

> 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.

- CRD: 331812
- Filed as: VISTASHARES
- Legal name: Vistashares Advisors LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: March 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/331812
- AdvisorCensus page: https://advisorcensus.com/firm/vistashares-331812

## Quick answers

**How is Vistashares compensated?**
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.

**Is Vistashares registered with the SEC or a state?**
Vistashares is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 331812.

**How much does Vistashares manage?**
Vistashares reports $984,000,000 in regulatory assets under management in its Form ADV filing dated March 23, 2026 (100% discretionary).

**How have Vistashares' assets and staff changed since 2024?**
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.

**What types of clients does Vistashares serve?**
By number of clients on Form ADV Item 5.D: investment companies (9).

**Does Vistashares 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/331812

**What changed in Vistashares' recent Form ADV filings?**
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.

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $984,000,000
- Discretionary: $984,000,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 9 | $984,000,000 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 2024 (2 years)
- Employees: 6 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- reddit.com/user/VistaShares-ETFs
- vistashares.com
- LinkedIn @vistashares
- X @VistaSharesX
- YouTube @Vistashares

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | Not reported | 4 | July 22, 2024 |
| October 2025 | $4,839,247 | 3 | May 27, 2025 |
| October 2026 | $984,000,000 | 6 | March 23, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $4,839,247 to $984,000,000 (+20234%).
- Employees performing advisory functions went from 3 to 6.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Vistashares (CRD 331812): Form ADV filing data as of October 2026.