400 Capital Management LLC
NEW YORK, NY · CIK 1909739 · 13F filing filed 2025-10-21
SEC-registered investment adviser since 2012 · limited liability company
- Assets managed$9.0bn
- Staff76 · 33 in investment roles
- Main clients (by assets)Private funds 80%
- Private funds20 (7 hedge) · $11.3bn gross assets
- Website400capital.com
- Form ADV · 2026-07-01SEC adviser record
- Legal entity400 CAPITAL MANAGEMENT LLC (US)
- Kindhedge funds, private equity, futures
- Others nearbyNew York, NY, London
As an employer
- Offices in2 countries
- Private fundshedge 7, private equity 13
Where they work
Offices
From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.
| City | People |
|---|---|
| New York, NY (main office)United States | about 29 |
| LondonUnited Kingdom | 4 |
US visa salary filings
- Filings FY2025–20265
- Median salary offered$175,000
- Middle half$125,000 – $200,000
- Job titles4
| Job title | Filings | Median |
|---|---|---|
| Associate, Risk Management And Portfolio StrategiesNew York, NY | 2 | $155,000 |
| Associate Director, Corporate And Distressed DebtNew York, NY | 1 | $200,000 |
| Investment Associate, Portfolio StrategiesNew York, NY | 1 | $175,000 |
| Analyst, Quantitative Research And DevelopmentNew York, NY | 1 | $125,000 |
Source: US Department of Labor, Labor Condition Application disclosure data (certified, full-time, yearly equivalent). These are the salaries the employer committed to pay the visa roles it filed for, at least the prevailing wage for the job and place; they are not the pay of all its staff. Filed by: 400 Capital Management LLC.
Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.
Options: 0 call positions (— notional), 3 put positions ($1.4bn notional) – listed below, not included above.
Holdings, Q3 2025
The small lines show how much was held over the last 4 quarters (adjusted for stock splits).
| Security | Value | Change |
|---|
Options (notional value)
| Underlying | Notional | Change |
|---|---|---|
| SPDR S&P 500 ETF TR SPY · Put | $1.4bn2.0m shares | Added |
| ISHARES TR HYG · Put | $20.3m250.0k shares | Reduced |
| ISHARES TR IWM · Put | $9.7m40.0k shares | Reduced |