DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Capstone Investment Advisors, LLC

Asset manager (funds and pooled vehicles)New York, New YorkCRD 155563SEC 801-73004websiteIAPD
Latest filing Aug 5, 2026
First filing on the tape Dec 22, 2011 · 65 filings
SEC status approved since Jan 23, 2012
RAUM
$92B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$92B
derived; firm RAUM over IAPD count
Employees
304
115 advisory (5.B.1)
Offices
7
beyond the principal office
Private funds
16
reported on Schedule D
History
65 filings and snapshots on the tape
RAUM$92B as of Aug 5, 2026
Mar 14, 2013$12B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Aug 5, 2026
Mar 14, 20130 then
Employees (5.A)304 as of Aug 5, 2026
Mar 14, 201356 then
Private funds16 as of Aug 5, 2026
Mar 14, 20132 then
RAUM -0.2% over the last fiscal year+28% a year over threeIARs 0 to 0offices 5 to 7
Practice profile
derived from the filing of Aug 5, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$92BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$3.0BderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
304.0derivedItem 5.A over advisors
Advisors per office
0.1derived8 offices incl. principal (1.F.5)
RAUM growth, one year
-0.2%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$91B100%
  • Banks and thrifts$140M0.2%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
31reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=true bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Pavel B BlinchikNew York, NyJul 30, 202422 y0
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      43 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Capstone Global Master (Cayman) LimitedHedge Fund$59B107Dec 22, 2011
      Capstone Income Opportunities III, LLCHedge Fund$4.6B1Aug 19, 2022
      Capstone Dispersion Master Fund Ltd.Hedge Fund$2.6B22Aug 29, 2018
      Capstone Income Opportunities II Ltd.no longer reportedHedge Fund$2.2B1Feb 25, 2016
      Capstone Income Opportunities Ltd.Hedge Fund$593M1Feb 27, 2015
      Capstone Opportunistic Risk Alternatives Master Fund Ltd.Hedge Fund$535M1Mar 30, 2020
      Capstone Global Funds Icav - Capstone Dynamic Hedging Fundno longer reportedHedge Fund$498M41Mar 30, 2020
      Cf Capstone Fund Limitedno longer reportedHedge Fund$421M3Feb 28, 2017
      Capstone Crown Fund LPHedge Fund$389M2Nov 15, 2023
      Capstone Commonwealth Fund, LPHedge Fund$324M2Jan 21, 2022
      Capstone Storm Fund LPHedge Fund$320M2Mar 1, 2021
      Cf Capstone Global Equity Fund Limitedno longer reportedHedge Fund$300M1Aug 3, 2017
      Capstone Diversified Dynamic Alpha Strategy Fund, LLCno longer reportedHedge Fund$212M8Aug 3, 2017
      Capstone Relative Value Volatility Fund Ltd.Hedge Fund$179M3May 25, 2023
      Cpp-2019-1 Fund Limitedno longer reportedHedge Fund$173M1Jun 17, 2019
      Capstone Gateway Fund (B) Ltd.no longer reportedHedge Fund$165M1Aug 29, 2018
      Capstone First Responder LPHedge Fund$149M2Nov 15, 2023
      Capstone Valley Solutions Fund, LPno longer reportedHedge Fund$144M2May 20, 2022
      Capstone Ec Fund, LPHedge Fund$134M5Feb 26, 2020
      Ks-Capstone Fund Limitedno longer reportedHedge Fund$111M1Jun 1, 2015
      Capstone Convex Portfolio Master (Cayman) LimitedHedge Fund$98.0M13Nov 27, 2020
      Blenheim Commodity Fund, LLCno longer reportedHedge Fund$97.5M51Aug 3, 2017
      Capstone Gateway Fund (E) Ltd.no longer reportedHedge Fund$83.8M1Aug 29, 2018
      Capstone Alternative Markets Trend Strategy Master (Cayman) LPHedge Fund$82.2M11May 25, 2023
      Capstone Wdv Fund, LLCno longer reportedHedge Fund$79.7M2Feb 27, 2018
      Capstone Alternative Risk Strategy Master (Cayman) LPHedge Fund$77.0M5Jan 24, 2023
      Capstone Phi Kappa Fund Ltd.Hedge Fund$74.2M1Nov 29, 2018
      Cpp-2012-1 Fund LimitedHedge Fund$49.6M1Aug 24, 2012
      Capstone Asfa Ltd.no longer reportedHedge Fund$42.4M1Oct 26, 2016
      Capstone Mount Washington Fund, LPHedge Fund$40.1M4May 20, 2022
      Capstone Hedge II, LPHedge Fund$37.6M2May 20, 2022
      Capstone Equity Replacement Master Fund Ltd.Hedge Fund$34.0M4Feb 28, 2017
      Capstone Cav Master, LPHedge Fund$30.8M1Aug 28, 2020
      Capstone Blue Fund Ltd.Hedge Fund$28.3M1Mar 30, 2020
      Capstone Convexity Master Fund, Limitedno longer reportedHedge Fund$8.3M1Dec 22, 2011
      Capstone Long Volatility Fund Master (Cayman) Limitedno longer reportedHedge Fund$2.8M1Mar 1, 2021
      Capstone Full Court Press LPno longer reportedHedge Fund$175,6322Aug 29, 2018
      Capstone Pi Sigma Fund (US) LPno longer reportedHedge Fund$162,1812Oct 26, 2016
      Cf Capstone Spc Fund Ltd - Msef Spno longer reportedHedge Fund$75,1941Aug 29, 2018
      Cf Capstone Spc Fund Ltd - Gef Spno longer reportedHedge Fund$42,3751Aug 29, 2018
      All funds of Capstone Investment Advisors, LLC
      Owners and control persons
      Schedule A and B, latest filing
      • Matthew Paul Britton · Managing Member & Chief Executive Officercontrol
        since 03/2007 · owns less than 5%
      • William Niall Cameron · Chief Risk Officercontrol
        since 08/2022 · owns less than 5%
      • Jan Robert Kolodziej · Chief Operating Officercontrol
        since 11/2023 · owns less than 5%
      • Ann Emily Locher · General Counsel And Chief Compliance Officercontrol
        since 03/2022 · owns less than 5%
      • Edward Hugh Jonathan Sorrell · Presidentcontrol
        since 01/2020 · owns less than 5%
      • Raymond Matthew Tonelli · Head Of Tradingcontrol
        since 02/2020 · owns less than 5%
      • Matthew Paul Britton · Managing Membercontrol
        since 12/2021 · owns 75% or more of Cia Associates Ny LLC
      Entity owners
      • Cia Associates Ny LLC · Member
        direct · owns 75% or more
      • Ngi Strategic Holdings (A) LP · Member
        direct · owns 10% to 25%
      • Navigator Global Investments Limited · Shareholder
        indirect · owns 75% or more of Ngi Strategic Holdings I, Inc.
      • Ngi Strategic Holdings Gp LLC · General Partner
        indirect · owns F of Ngi Strategic Holdings (A) LP
      • Ngi Strategic Holdings I, Inc. · Shareholder
        indirect · owns 75% or more of Ngi Strategic Holdings II, Inc.
      • Ngi Strategic Holdings II, Inc. · Limited Partner
        indirect · owns 50% to 75% of Ngi Strategic Holdings (A) LP
      • Ngi Strategic Holdings II, Inc. · Managing Member
        indirect · owns 75% or more of Ngi Strategic Holdings Gp LLC
      Related persons
      Schedule D 7.A
      • Capstone Fund Services II, LLC
        pooled vehicle sponsorn
      • Capstone Fund Services, LLC
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • Stamford, CT6 employees
      • New York, NY5 employees
      • Boston, MA3 employees
      • Los Angeles, CA2 employees
      What changed
      consecutive filings, newest first
      • Other offices · 6 to 7
        Apr 23, 2026 to Aug 5, 2026
      • Accounts · 33 to 31
        Nov 25, 2025 to Mar 27, 2026
      • Advisory employees · 111 to 115
        Nov 25, 2025 to Mar 27, 2026
      • Pooled vehicle clients · 31 to 29
        Nov 25, 2025 to Mar 27, 2026
      • Employees · 330 to 304
        Nov 25, 2025 to Mar 27, 2026
      • Private funds · 19 to 16
        Nov 25, 2025 to Mar 27, 2026
      • Discretionary RAUM · $92B to $92B
        Nov 25, 2025 to Mar 27, 2026
      • Pooled vehicle RAUM · $92B to $91B
        Nov 25, 2025 to Mar 27, 2026
      • RAUM · $92B to $92B
        Nov 25, 2025 to Mar 27, 2026
      • Other offices · 5 to 6
        Aug 27, 2025 to Nov 25, 2025
      • Private funds · 18 to 19
        Jun 30, 2025 to Aug 27, 2025
      • Financial planning clients · unset to
        Mar 28, 2025 to Jun 30, 2025
      • Accounts · 31 to 33
        Oct 17, 2024 to Mar 28, 2025
      • Advisory employees · 108 to 111
        Oct 17, 2024 to Mar 28, 2025
      • Pooled vehicle clients · 30 to 31
        Oct 17, 2024 to Mar 28, 2025
      • Employees · 284 to 330
        Oct 17, 2024 to Mar 28, 2025
      • Other offices · 4 to 5
        Oct 17, 2024 to Mar 28, 2025
      • Private funds · 19 to 18
        Oct 17, 2024 to Mar 28, 2025
      • Discretionary RAUM · $69B to $92B
        Oct 17, 2024 to Mar 28, 2025
      • Non-discretionary RAUM · $15.2M to $0
        Oct 17, 2024 to Mar 28, 2025
      • Pension RAUM · 15167933.0 to unset
        Oct 17, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $69B to $92B
        Oct 17, 2024 to Mar 28, 2025
      • RAUM · $69B to $92B
        Oct 17, 2024 to Mar 28, 2025
      • Accounts · 28 to 31
        Jan 9, 2024 to Mar 27, 2024
      • Advisory employees · 115 to 108
        Jan 9, 2024 to Mar 27, 2024
      • Pooled vehicle clients · 28 to 30
        Jan 9, 2024 to Mar 27, 2024
      • Assets in custody · 0.0 to unset
        Jan 9, 2024 to Mar 27, 2024
      • Employees · 253 to 284
        Jan 9, 2024 to Mar 27, 2024
      • Private funds · 21 to 19
        Jan 9, 2024 to Mar 27, 2024
      • Discretionary RAUM · $43B to $69B
        Jan 9, 2024 to Mar 27, 2024
      • Non-discretionary RAUM · $55.6M to $15.2M
        Jan 9, 2024 to Mar 27, 2024
      • Pension RAUM · $55.6M to $15.2M
        Jan 9, 2024 to Mar 27, 2024
      • Pooled vehicle RAUM · $43B to $69B
        Jan 9, 2024 to Mar 27, 2024
      • RAUM · $43B to $69B
        Jan 9, 2024 to Mar 27, 2024
      • Private funds · 19 to 21
        Jul 19, 2023 to Nov 15, 2023
      • Private funds · 17 to 19
        Mar 30, 2023 to May 25, 2023
      • Advisory employees · 86 to 115
        Jan 25, 2023 to Mar 30, 2023
      • Pooled vehicle clients · 26 to 28
        Jan 25, 2023 to Mar 30, 2023
      • Employees · 213 to 253
        Jan 25, 2023 to Mar 30, 2023
      • Private funds · 20 to 17
        Jan 25, 2023 to Mar 30, 2023
      Signals
      20 dated events
      • Capstone Investment Advisors, Llc reported RAUM $91.7B, up 32% from $69.3B (2024-10-17 to 2025-03-28)
        Mar 28, 2025 · RAUM change · derived
      • Capstone Investment Advisors, Llc reported RAUM $69.3B, up 59% from $43.5B (2024-01-09 to 2024-03-27)
        Mar 27, 2024 · RAUM change · derived
      • Richard Robert Hanna (Chief Operating Officer) no longer on Schedule A of Capstone Investment Advisors, Llc (listed 2023-07-19, absent 2023-11-15)
        Nov 15, 2023 · Control person left · inference
      • Jan Robert Kolodziej (Chief Operating Officer) appeared on Schedule A of Capstone Investment Advisors, Llc
        Nov 15, 2023 · Control person joined · fact
      • Capstone Investment Advisors, Llc reported RAUM $43.5B, down 36% from $68.1B (2023-01-25 to 2023-03-30)
        Mar 30, 2023 · RAUM change · derived
      • Tyler Kevin Kornobis (Chief Financial Officer) no longer on Schedule A of Capstone Investment Advisors, Llc (listed 2023-01-25, absent 2023-03-30)
        Mar 30, 2023 · Control person left · inference
      • William Niall Cameron (Chief Risk Officer) appeared on Schedule A of Capstone Investment Advisors, Llc
        Aug 19, 2022 · Control person joined · fact
      • Capstone Investment Advisors, Llc reported RAUM $68.1B, up 48% from $46.0B (2022-01-21 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Paglia Katrina Setrin (Chief Compliance Officer & General Counsel) no longer on Schedule A of Capstone Investment Advisors, Llc (listed 2022-01-21, absent 2022-03-31)
        Mar 31, 2022 · Control person left · inference
      • Ann Emily Locher (General Counsel And Chief Compliance Officer) appeared on Schedule A of Capstone Investment Advisors, Llc
        Mar 31, 2022 · Control person joined · fact
      • Ong Gilfelix Cua (Chief Risk Officer) no longer on Schedule A of Capstone Investment Advisors, Llc (listed 2021-11-23, absent 2022-01-21)
        Jan 21, 2022 · Control person left · inference
      • Capstone Investment Advisors, Llc reported RAUM $46.0B, down 36% from $71.4B (2021-03-01 to 2021-03-30)
        Mar 30, 2021 · RAUM change · derived
      • John Joseph Lucas (Chairman) no longer on Schedule A of Capstone Investment Advisors, Llc (listed 2021-03-01, absent 2021-03-30)
        Mar 30, 2021 · Control person left · inference
      • Ong Gilfelix Cua (Chief Risk Officer) appeared on Schedule A of Capstone Investment Advisors, Llc
        Mar 30, 2020 · Control person joined · fact
      • E H Jonathan Sorrell (President) appeared on Schedule A of Capstone Investment Advisors, Llc
        Feb 26, 2020 · Control person joined · fact
      • Richard Robert Hanna (Chief Operating Officer) appeared on Schedule A of Capstone Investment Advisors, Llc
        Oct 25, 2019 · Control person joined · fact
      • Capstone Investment Advisors, Llc reported RAUM $43.3B, down 32% from $63.7B (2019-03-29 to 2019-06-17)
        Jun 17, 2019 · RAUM change · derived
      • Paglia Katrina Setrin (Chief Compliance Officer & General Counsel) appeared on Schedule A of Capstone Investment Advisors, Llc
        Jun 17, 2019 · Control person joined · fact
      • Michael Adam Bensley (Chief Compliance Officer & General Counsel) no longer on Schedule A of Capstone Investment Advisors, Llc (listed 2019-03-29, absent 2019-06-17)
        Jun 17, 2019 · Control person left · inference
      • Capstone Investment Advisors, Llc reported RAUM $60.6B, up 124% from $27.1B (2018-03-29 to 2018-08-29)
        Aug 29, 2018 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/global-volatility-summitreportedpublic record, Form ADV, Sep 17, 2026
      Firm profile
      linkedin.com/company/capstone-investment-advisorsreportedpublic record, Form ADV, Sep 17, 2026
      Website
      CAPSTONECO.COMreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      212-232-1420reportedpublic record, Form ADV, Aug 5, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      $92Bderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026