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
Muddy Waters Capital LLC
Latest filing Mar 28, 2026
First filing on the tape Jun 23, 2017 · 20 filings
SEC status approved since Jul 25, 2017
RAUM
$576M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
14
10 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
5
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$576M as of Mar 28, 2026
Mar 27, 2018$168M then
HNW client RAUM$0 as of Mar 28, 2026
Mar 27, 2018$0 then
State-registered IARs (5.B.3)1 as of Mar 28, 2026
Mar 27, 20180 then
Employees (5.A)14 as of Mar 28, 2026
Mar 27, 20186 then
Private funds5 as of Mar 28, 2026
Mar 27, 20182 then
RAUM +87% over the last fiscal year+19% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 28, 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
- $576MderivedRAUM 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
- $52.4MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 14.0derivedItem 5.A over advisors
- Advisors per office
- 0.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +87%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $235M, 2 clientsreportedItem 9.A
- 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- 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$576M100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 11reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $235M for 2 clientsreported
- Compensation
- % of AUM, 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
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
6 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Muddy Waters Capital Global Opportunities Master Fund LP | Hedge Fund | $251M | 44 | Mar 27, 2017 |
| Muddy Waters Capital Domino Master Fund LP | Hedge Fund | $146M | 48 | Mar 30, 2022 |
| Mlaf LPno longer reported | Hedge Fund | $101M | 2 | Jan 21, 2016 |
| Mwcgof Spv III LP | Hedge Fund | $19.7M | 16 | Mar 27, 2024 |
| Mwcgof Spv II LPno longer reported | Hedge Fund | $5.2M | 19 | Mar 23, 2020 |
| Mwcgof Spv I LPno longer reported | Hedge Fund | $867,292 | 6 | Mar 27, 2017 |
Owners and control persons
Schedule A and B, latest filing
- Cutler Carson Block · Chief Investment Officercontrolsince 09/2014 · owns less than 5%
- Dennis Scott Devinsky · Chief Financial Officer, And Chief Operating Officercontrolsince 10/2016 · owns less than 5%
- Jude Anthony Jew · Chief Compliance Officercontrolsince 10/2020 · owns less than 5%
- Cutler Carson Block · Managercontrolsince 08/2023 · owns 75% or more of Puppies & Rainbows LLC
Entity owners
- Puppies & Rainbows LLC · Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- Mwcp LLCbankpooled vehicle sponsory
- Mwcp2 LLCbankpooled vehicle sponsory
- Mwcp3 LLCbanky
Offices
Schedule D 1.F, the 25 largest
- Ho Chi Minh City, Vietnam2 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- RAUM up 50 %Change between filings · filing Mar 28, 2026RAUM (Item 5.F) moved from $308,820,184 to $576,299,911 (+87.0%) between the annual amendments of 2025-03-25 and 2026-03-28; the peer median change was +8.0% (673 comparable advisers, 93.0th percentile of changes)peers: asset managers, $500M to $1B (673) · 93% percentile
What changed
consecutive filings, newest first
- Advisory employees · 8 to 10Jan 21, 2026 to Mar 28, 2026
- Assets in custody · $116M to $235MJan 21, 2026 to Mar 28, 2026
- Employees · 12 to 14Jan 21, 2026 to Mar 28, 2026
- Discretionary RAUM · $309M to $576MJan 21, 2026 to Mar 28, 2026
- Pooled vehicle RAUM · $309M to $576MJan 21, 2026 to Mar 28, 2026
- RAUM · $309M to $576MJan 21, 2026 to Mar 28, 2026
- Accounts · 9 to 11Mar 27, 2024 to Mar 25, 2025
- Advisory employees · 7 to 8Mar 27, 2024 to Mar 25, 2025
- Pooled vehicle clients · 9 to 11Mar 27, 2024 to Mar 25, 2025
- Assets in custody · $132M to $116MMar 27, 2024 to Mar 25, 2025
- Employees · 13 to 12Mar 27, 2024 to Mar 25, 2025
- Financial planning clients · unset to Mar 27, 2024 to Mar 25, 2025
- Private funds · 3 to 5Mar 27, 2024 to Mar 25, 2025
- Discretionary RAUM · $440M to $309MMar 27, 2024 to Mar 25, 2025
- Pooled vehicle RAUM · $440M to $309MMar 27, 2024 to Mar 25, 2025
- RAUM · $440M to $309MMar 27, 2024 to Mar 25, 2025
- Accounts · 5 to 9Jan 29, 2024 to Mar 27, 2024
- Advisory employees · 4 to 7Jan 29, 2024 to Mar 27, 2024
- Pooled vehicle clients · 5 to 9Jan 29, 2024 to Mar 27, 2024
- Assets in custody · $112M to $132MJan 29, 2024 to Mar 27, 2024
- Employees · 10 to 13Jan 29, 2024 to Mar 27, 2024
- Other offices · 0 to 1Jan 29, 2024 to Mar 27, 2024
- Private funds · 2 to 3Jan 29, 2024 to Mar 27, 2024
- Discretionary RAUM · $345M to $440MJan 29, 2024 to Mar 27, 2024
- Pooled vehicle RAUM · $345M to $440MJan 29, 2024 to Mar 27, 2024
- RAUM · $345M to $440MJan 29, 2024 to Mar 27, 2024
- Assets in custody · $86.0M to $112MMar 30, 2022 to Mar 28, 2023
- Employees · 8 to 10Mar 30, 2022 to Mar 28, 2023
- Discretionary RAUM · $245M to $345MMar 30, 2022 to Mar 28, 2023
- Pooled vehicle RAUM · $245M to $345MMar 30, 2022 to Mar 28, 2023
- RAUM · $245M to $345MMar 30, 2022 to Mar 28, 2023
- Accounts · 4 to 5Oct 5, 2021 to Mar 30, 2022
- Pooled vehicle clients · 4 to 5Oct 5, 2021 to Mar 30, 2022
- Assets in custody · $110M to $86.0MOct 5, 2021 to Mar 30, 2022
- State-registered IARs · 0 to 1Oct 5, 2021 to Mar 30, 2022
- Discretionary RAUM · $261M to $245MOct 5, 2021 to Mar 30, 2022
- Pooled vehicle RAUM · $261M to $245MOct 5, 2021 to Mar 30, 2022
- RAUM · $261M to $245MOct 5, 2021 to Mar 30, 2022
- HQ city · unset to AUSTINMar 26, 2021 to Oct 5, 2021
- HQ state · unset to TXMar 26, 2021 to Oct 5, 2021
Signals
7 dated events
- Muddy Waters Capital Llc reported RAUM $576.3M, up 87% from $308.8M (2026-01-21 to 2026-03-28)Mar 28, 2026 · RAUM change · derived
- Muddy Waters Capital Llc reported RAUM $308.8M, down 30% from $439.7M (2024-03-27 to 2025-03-25)Mar 25, 2025 · RAUM change · derived
- Muddy Waters Capital Llc reported RAUM $344.7M, up 41% from $244.5M (2022-03-30 to 2023-03-28)Mar 28, 2023 · RAUM change · derived
- Jude Anthony Jew (Chief Compliance Officer) appeared on Schedule A of Muddy Waters Capital LlcOct 23, 2020 · Control person joined · fact
- Lee Andrew Dworkin (General Counsel And Chief Compliance Officer) no longer on Schedule A of Muddy Waters Capital Llc (listed 2020-06-25, absent 2020-09-03)Sep 3, 2020 · Control person left · inference
- Lee Andrew Dworkin (General Counsel And Chief Compliance Officer) appeared on Schedule A of Muddy Waters Capital LlcJun 25, 2020 · Control person joined · fact
- Muddy Waters Capital Llc filed its initial SEC registration (Form ADV)Jun 23, 2017 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- Muddy Waters Capital LLC · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- muddywaterscapital.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (415) 429-8167reportedpublic record, Form ADV, Mar 28, 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
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026