Applied Fundamental Research, LLC is an SEC registered investment adviser organized as a limited liability company with a primary office location in Cambridge, MA. Its latest Form ADV filing, dated April 6, 2026, reports $143M in regulatory assets under management, 5 employees, and 7 accounts.
Portfolio management for individuals and small businesses
Portfolio management for pooled investment vehicles
Fee models offered
2 types reported
Asset based fees
Performance-based fees
Sources checked May 16, 2026
Client Coverage Demographics
Top client segmentCharitable represent 33.3% of total clients.
Top client categories% of clientsClients
1
Charitable
33.3%
3
2
Corporations
33.3%
3
3
Pooled Investment Vehicles
22.2%
2
4
Other Advisers
11.1%
1
Categories with <5 clients
Charitable Organizations<5 clients
Corporations or other businesses not listed above<5 clients
Other investment advisers<5 clients
Regulatory Assets Under Management Breakdown
Total regulatory assets under management$143Mas of April 6, 2026
Discretionary99.9%
$143M
100% of total RAUM99.9%
Non-discretionary0.1%
$76K
0% of total RAUM0.1%
Regulatory assets under management are split between discretionary and non-discretionary assets.
Assets under management Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Total AUM$143M
Total Accounts7
10Y AUM Change+$8M (+5.6%)
Employee Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Total Employees5
Clients per Employee2:1
10Y Employee Change+2 (+66.7%)
* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.