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.

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SEC-registered adviser

S•• C•••••• M••••••••• L••

Other adviserNew York, New YorkCRD 297944SEC 801-122412websiteIAPD
Latest filing Jul 1, 2026
First filing on the tape Aug 27, 2021 · 15 filings
SEC status approved since Oct 1, 2021
RAUM
$350M
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
9
6 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
10
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$350M as of Jul 1, 2026
Mar 29, 2022$4.2B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jul 1, 2026
Mar 29, 20220 then
Employees (5.A)9 as of Jul 1, 2026
Mar 29, 202212 then
Private funds10 as of Jul 1, 2026
Mar 29, 202215 then
RAUM -30% over the last fiscal year-60% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jul 1, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM 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
$29.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
-30%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, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehicles, otherreportedItem 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$208M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
12reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.59 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
      18 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      S•• F••• S••••••••• P•••••••• S••••••Hedge Fund$1.3B1Aug 27, 2021
      S•• F••• S••••••••• P•••••••• E••••••••Hedge Fund$1.1B2Nov 13, 2018
      E••• M••••• F•••Hedge Fund$974M4Nov 13, 2018
      S•• F••• S••••••••• P•••••••• C••••••• E••••Hedge Fund$658M1Nov 13, 2018
      S•• G••••• F••• S•• • S•• G••••• F••• S••••••••• P•••••••• G••••• E••••Hedge Fund$426M44Nov 13, 2018
      S•• F••• S••••••••• P•••••••• H•••••Hedge Fund$273M147Nov 13, 2018
      D•••••• G••••• M•••• U• F••• L•Hedge Fund$204M0Mar 31, 2023
      S•• F••• S••••••••• P•••••••• G•••••no longer reportedHedge Fund$128M2Nov 13, 2018
      S•• S•••••• F••• S•• • S•• S•••••• F••• S••••••••• P•••••••• O••Hedge Fund$70.2M90Mar 30, 2020
      S•• F••• S••••••••• P•••••••• V••••••Hedge Fund$62.1M1Aug 27, 2021
      S•• F••• S••••••••• P•••••••• U•••••Hedge Fund$51.9M1Feb 24, 2022
      A••••••• R••••• C••••• M••••• F••• L•••Hedge Fund$37.1M3Mar 29, 2022
      A••••••• R••••• C••••• C••••• F••••• F••• L•••Hedge Fund$33.1M23Mar 29, 2022
      S•• F••• S••••••••• P•••••••• E•••••••Hedge Fund$12.9M1Aug 27, 2021
      S•• F••• S••••••••• P•••••••• T••••Hedge Fund$7.0M1Feb 24, 2022
      A••••••• R••••• C••••• U• F••• L•Hedge Fund$3.7M2Mar 29, 2022
      S•• F••• S••••••••• P•••••••• E••••no longer reportedHedge Fund$00Nov 13, 2018
      G••••• M•••• S••••••• U• F••• L••Hedge Fund$00Mar 28, 2024
      Owners and control persons
      Schedule A and B, latest filing
      • D••••••• D••••• M•••••• · Chief Investment Officer, Directorcontrol
        since 02/2020 · owns less than 5%
      • O••••• R••••••• T••••• · Chief Compliance Officercontrol
        since 08/2021 · owns less than 5%
      • P•••••• B•••• N•• · Directorcontrol
        since 02/2018 · owns less than 5%
      • S•••• D• Q••••••• B•••••••• N•• · Chief Operation Officer And Directorcontrol
        since 07/2019 · owns less than 5%
      • D• A•••••• L•••••••• L•••••••• N•• · Managercontrol
        since 05/2018 · owns F of S•• C•••••• H•••••• L•••
      • D• A••••• X•••••• R••••••• R•••••••• E•••••••• · Ownercontrol
        since 05/2018 · owns 25% to 50% of S•• C•••••• H•••••• L•••
      • M•••• D• G•••• B••••• N•• · Managercontrol
        since 05/2018 · owns F of S•• C•••••• H•••••• L•••
      • P•••••• B•••• N•• · Managercontrol
        since 05/2018 · owns F of S•• C•••••• H•••••• L•••
      • P•••• P•••• A••••••••• K••••••••• N•• · Managercontrol
        since 07/2019 · owns F of S•• C•••••• H•••••• L•••
      Entity owners
      • S•• C•••••• H•••••• L••• · Member
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      Offices
      Schedule D 1.F, the 25 largest
      • London, United Kingdom1 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM down 25 %Change between filings · filing Mar 31, 2026
        RAUM (Item 5.F) moved from $500,000,000 to $350,000,000 (-30.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +8.0% (161 comparable advisers, 8.0th percentile of changes)
        peers: other advisers, $100M to $500M (161) · 8.1% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 11 to 12
        May 7, 2025 to Mar 31, 2026
      • Advisory employees · 5 to 6
        May 7, 2025 to Mar 31, 2026
      • Employees · 12 to 9
        May 7, 2025 to Mar 31, 2026
      • Private funds · 11 to 10
        May 7, 2025 to Mar 31, 2026
      • Discretionary RAUM · $500M to $350M
        May 7, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $375M to $208M
        May 7, 2025 to Mar 31, 2026
      • RAUM · $500M to $350M
        May 7, 2025 to Mar 31, 2026
      • Financial planning clients · unset to
        Mar 31, 2025 to May 7, 2025
      • Accounts · 15 to 11
        Feb 4, 2025 to Mar 31, 2025
      • Pooled vehicle clients · 15 to 10
        Feb 4, 2025 to Mar 31, 2025
      • Employees · 11 to 12
        Feb 4, 2025 to Mar 31, 2025
      • Private funds · 15 to 11
        Feb 4, 2025 to Mar 31, 2025
      • Discretionary RAUM · $360M to $500M
        Feb 4, 2025 to Mar 31, 2025
      • Pooled vehicle RAUM · $360M to $375M
        Feb 4, 2025 to Mar 31, 2025
      • RAUM · $360M to $500M
        Feb 4, 2025 to Mar 31, 2025
      • Advisory employees · 8 to 5
        Mar 31, 2023 to Mar 28, 2024
      • Employees · 17 to 11
        Mar 31, 2023 to Mar 28, 2024
      • Discretionary RAUM · $5.6B to $360M
        Mar 31, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $5.6B to $360M
        Mar 31, 2023 to Mar 28, 2024
      • RAUM · $5.6B to $360M
        Mar 31, 2023 to Mar 28, 2024
      • Employees · 12 to 17
        Feb 23, 2023 to Mar 31, 2023
      • Other offices · 0 to 1
        Feb 23, 2023 to Mar 31, 2023
      • Discretionary RAUM · $3.5B to $5.6B
        Feb 23, 2023 to Mar 31, 2023
      • Non-discretionary RAUM · $773M to $0
        Feb 23, 2023 to Mar 31, 2023
      • Pooled vehicle RAUM · $4.2B to $5.6B
        Feb 23, 2023 to Mar 31, 2023
      • RAUM · $4.2B to $5.6B
        Feb 23, 2023 to Mar 31, 2023
      • Related bank · false to true
        Feb 23, 2023 to Mar 31, 2023
      • Accounts · 10 to 15
        Feb 24, 2022 to Mar 29, 2022
      • Advisory employees · 6 to 8
        Feb 24, 2022 to Mar 29, 2022
      • Pooled vehicle clients · 10 to 15
        Feb 24, 2022 to Mar 29, 2022
      • Assets in custody · 3058909821.0 to unset
        Feb 24, 2022 to Mar 29, 2022
      • Custody of client assets · true to false
        Feb 24, 2022 to Mar 29, 2022
      • Employees · 9 to 12
        Feb 24, 2022 to Mar 29, 2022
      • Private funds · 12 to 15
        Feb 24, 2022 to Mar 29, 2022
      • Discretionary RAUM · $3.1B to $3.5B
        Feb 24, 2022 to Mar 29, 2022
      • Non-discretionary RAUM · $707M to $773M
        Feb 24, 2022 to Mar 29, 2022
      • Pooled vehicle RAUM · $3.8B to $4.2B
        Feb 24, 2022 to Mar 29, 2022
      • RAUM · $3.8B to $4.2B
        Feb 24, 2022 to Mar 29, 2022
      • Private funds · 10 to 12
        Oct 5, 2021 to Feb 24, 2022
      • Private funds · 20 to 10
        Aug 27, 2021 to Oct 5, 2021
      Signals
      6 dated events
      • S•• C•••••• M••••••••• L•• reported RAUM $350.0M, down 30% from $500.0M (2025-05-07 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • S•• C•••••• M••••••••• L•• reported RAUM $500.0M, up 39% from $359.7M (2025-02-04 to 2025-03-31)
        Mar 31, 2025 · RAUM change · derived
      • S•• C•••••• M••••••••• L•• reported RAUM $359.7M, down 94% from $5.6B (2023-03-31 to 2024-03-28)
        Mar 28, 2024 · RAUM change · derived
      • S•• C•••••• M••••••••• L•• reported RAUM $5.6B, up 32% from $4.2B (2023-02-23 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • Rodrigues Estevinha Rogerio Do Amaral Xavier (Owner) appeared on Schedule A of S•• C•••••• M••••••••• L••
        Oct 5, 2021 · Control person joined · fact
      • S•• C•••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Aug 27, 2021 · 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/spx-capitalreportedpublic record, Form ADV, Sep 19, 2026
      Website
      s•••••••••.comreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      (212) 386-5810reportedpublic record, Form ADV, Jul 1, 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
      Other adviserderiveda 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