# XA Investments

> XA Investments is an SEC-registered investment advisory firm in Chicago, IL, registered since 2017, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 17, 2026.

- CRD: 284005
- Filed as: XA INVESTMENTS
- Legal name: XA Investments LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: March 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/284005
- AdvisorCensus page: https://advisorcensus.com/firm/xa-investments-chicago-il-284005

## Quick answers

**How is XA Investments compensated?**
On its Form ADV (Item 5.E, October 2026), XA Investments reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is XA Investments located?**
XA Investments' principal office is in Chicago, IL, according to its Form ADV.

**Is XA Investments registered with the SEC or a state?**
XA Investments is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 284005.

**How much does XA Investments manage?**
XA Investments reports $865,643,706 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (100% discretionary).

**How have XA Investments' assets and staff changed since 2021?**
In the Form ADV data for XA Investments: Regulatory assets under management: $146,673,542 in the October 2021 data and $865,643,706 in the October 2026 data, up 490%. Total employees: 8 in October 2021 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does XA Investments serve?**
By number of clients on Form ADV Item 5.D: investment companies (3).

**Does XA Investments 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/284005

**What changed in XA Investments' recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 14 to 13.

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $865,643,706
- Discretionary: $865,643,706
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 3 | $865,643,706 |

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

### Firm details
- Registered since: 2017 (9 years)
- Employees: 15 total, 13 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [xainvestments.com](https://xainvestments.com)
- [xflt.xainvestments.com](https://xflt.xainvestments.com)
- LinkedIn @xa-investments-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $146,673,542 | 8 | March 30, 2021 |
| October 2022 | $411,099,296 | 13 | March 30, 2022 |
| October 2023 | $410,590,482 | 12 | March 24, 2023 |
| October 2024 | $547,074,996 | 12 | April 19, 2024 |
| October 2025 | $950,000,000 | 17 | April 11, 2025 |
| October 2026 | $865,643,706 | 15 | March 17, 2026 |

Regulatory assets under management: $146,673,542 in the October 2021 data and $865,643,706 in the October 2026 data, up 490%.
Total employees: 8 in October 2021 and 15 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 14 to 13.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. XA Investments (CRD 284005): Form ADV filing data as of October 2026.