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

Quadratic Capital Management LLC

Asset manager (funds and pooled vehicles)Greenwich, ConnecticutCRD 172768SEC 801-106485websiteIAPD
Latest filing Feb 25, 2026
First filing on the tape Jul 27, 2015 · 17 filings
SEC status approved since Aug 20, 2015
RAUM
$508M
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
$508M
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$508M as of Feb 25, 2026
Mar 28, 2016$135M then
HNW client RAUM$0 as of Feb 25, 2026
Mar 30, 2020$0 then
State-registered IARs (5.B.3)0 as of Feb 25, 2026
Mar 28, 20162 then
Employees (5.A)4 as of Feb 25, 2026
Mar 28, 20164 then
Private funds1 as of Mar 29, 2017
Mar 28, 20161 then
RAUM +8.4% over the last fiscal year-21% a year over threeIARs 0 to 0offices 1 to 0
Practice profile
derived from the filing of Feb 25, 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
$508MderivedRAUM 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
$254MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
4.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+8.4%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 assetsreportedItem 5.E
Advisory activities
portfolio management for investment companiesreportedItem 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
  • has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$508M100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
2reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=1.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Nancy DavisGreenwich, CtOct 14, 201428 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
      Every departureEvery arrival
      Private funds
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Quadratic Master Fund Ltdno longer reportedHedge Fund$132M16Jul 27, 2015
      Owners and control persons
      Schedule A and B, latest filing
      • Davis Nancy Smith · Member, Chief Investment Officercontrol
        since 12/2013 · owns 50% to 75%
      • Rex John Fuqua · Ownercontrol
        since 06/2018 · owns 75% or more of Fuqua-Quadratic, LLC
      • Robert Glenn Christal · Chief Compliance Officer
        since 02/2018 · owns less than 5%
      Entity owners
      • Fuqua-Quadratic, LLC · Partner
        direct · owns 25% to 50%
      Related persons
      Schedule D 7.A
      No related person reported.
      Advisers that list Quadratic Capital Management LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • , 1 employees
      What changed
      consecutive filings, newest first
      • Other offices · 1 to 0
        Feb 25, 2025 to Feb 25, 2026
      • Discretionary RAUM · $469M to $508M
        Feb 25, 2025 to Feb 25, 2026
      • RAUM · $469M to $508M
        Feb 25, 2025 to Feb 25, 2026
      • Financial planning clients · unset to
        Mar 7, 2024 to Feb 25, 2025
      • Discretionary RAUM · $990M to $469M
        Mar 7, 2024 to Feb 25, 2025
      • RAUM · $990M to $469M
        Mar 7, 2024 to Feb 25, 2025
      • Discretionary RAUM · $1.0B to $990M
        Mar 6, 2023 to Mar 7, 2024
      • RAUM · $1.0B to $990M
        Mar 6, 2023 to Mar 7, 2024
      • Related bank · true to false
        Mar 10, 2022 to Mar 6, 2023
      • Discretionary RAUM · $2.6B to $1.0B
        Mar 10, 2022 to Mar 6, 2023
      • RAUM · $2.6B to $1.0B
        Mar 10, 2022 to Mar 6, 2023
      • Accounts · 1 to 2
        Feb 23, 2021 to Mar 10, 2022
      • Discretionary RAUM · $969M to $2.6B
        Feb 23, 2021 to Mar 10, 2022
      • RAUM · $969M to $2.6B
        Feb 23, 2021 to Mar 10, 2022
      • Related bank · false to true
        Feb 23, 2021 to Mar 10, 2022
      • Discretionary RAUM · $101M to $969M
        Mar 31, 2020 to Feb 23, 2021
      • RAUM · $101M to $969M
        Mar 31, 2020 to Feb 23, 2021
      • Discretionary RAUM · $99.7M to $101M
        Mar 30, 2020 to Mar 31, 2020
      • RAUM · $99.7M to $101M
        Mar 30, 2020 to Mar 31, 2020
      • Charity clients · 1 to 0
        Mar 8, 2019 to Mar 30, 2020
      • Discretionary RAUM · $171M to $99.7M
        Mar 8, 2019 to Mar 30, 2020
      • HNW RAUM · unset to 0.0
        Mar 8, 2019 to Mar 30, 2020
      • Individual RAUM · unset to 0.0
        Mar 8, 2019 to Mar 30, 2020
      • Pension RAUM · unset to 0.0
        Mar 8, 2019 to Mar 30, 2020
      • Pooled vehicle RAUM · unset to 0.0
        Mar 8, 2019 to Mar 30, 2020
      • RAUM · $171M to $99.7M
        Mar 8, 2019 to Mar 30, 2020
      • BD registered reps · 0 to 1
        Mar 30, 2018 to Mar 8, 2019
      • Other offices · 0 to 1
        Mar 30, 2018 to Mar 8, 2019
      • Discretionary RAUM · $172M to $171M
        Mar 30, 2018 to Mar 8, 2019
      • RAUM · $172M to $171M
        Mar 30, 2018 to Mar 8, 2019
      • Employees · 3 to 4
        Feb 1, 2018 to Mar 30, 2018
      • Discretionary RAUM · $172M to $172M
        Feb 1, 2018 to Mar 30, 2018
      • RAUM · $172M to $172M
        Feb 1, 2018 to Mar 30, 2018
      • Accounts · 5 to 1
        May 16, 2017 to Feb 1, 2018
      • Advisory employees · 3 to 2
        May 16, 2017 to Feb 1, 2018
      • Advisory activities · 2 to 1
        May 16, 2017 to Feb 1, 2018
      • Charity clients · unset to 1.0
        May 16, 2017 to Feb 1, 2018
      • Corporate clients · unset to 0.0
        May 16, 2017 to Feb 1, 2018
      • HNW clients · unset to 0.0
        May 16, 2017 to Feb 1, 2018
      • Individual clients · unset to 0.0
        May 16, 2017 to Feb 1, 2018
      Signals
      7 dated events
      • Quadratic Capital Management Llc reported RAUM $469.0M, down 53% from $990.2M (2024-03-07 to 2025-02-25)
        Feb 25, 2025 · RAUM change · derived
      • Quadratic Capital Management Llc reported RAUM $1.0B, down 60% from $2.6B (2022-03-10 to 2023-03-06)
        Mar 6, 2023 · RAUM change · derived
      • Quadratic Capital Management Llc reported RAUM $2.6B, up 164% from $968.5M (2021-02-23 to 2022-03-10)
        Mar 10, 2022 · RAUM change · derived
      • Quadratic Capital Management Llc reported RAUM $968.5M, up 862% from $100.6M (2020-03-31 to 2021-02-23)
        Feb 23, 2021 · RAUM change · derived
      • Rex John Fuqua (Owner) appeared on Schedule A of Quadratic Capital Management Llc
        Mar 8, 2019 · Control person joined · fact
      • Quadratic Capital Management Llc reported RAUM $171.6M, down 47% from $323.4M (2017-05-16 to 2018-02-01)
        Feb 1, 2018 · RAUM change · derived
      • Quadratic Capital Management Llc filed its initial SEC registration (Form ADV)
        Jul 27, 2015 · First SEC registration · fact
      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/quadratic-capital/aboutreportedpublic record, Form ADV, Sep 18, 2026
      Website
      ivoletf.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      203-340-2943reportedpublic record, Form ADV, Feb 25, 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
      $508Mderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026