Clients
Iconiq Capital serves 846 clients, 380 of them high-net-worth individuals. The average client has about $139 million with the firm, and high-net-worth clients hold 9% of its $117.5 billion in assets.
- High-net-worth individuals380 clients9%
- Pooled investment vehicles353 clients70%
- Charitable organizations113 clients21%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 380 | $10,772,012,501 | 9.2% | $28.3M |
| Pooled investment vehicles | 353 | $82,645,524,930 | 70.3% | $234.1M |
| Charitable organizations | 113 | $24,109,324,771 | 20.5% | $213.4M |
| Total | 846 | $117,526,862,202 | 100% | $138.9M |
- Clients
- 380
- Regulatory AUM
- $10,772,012,501
- Share
- 9.2%
- Avg. per client
- $28.3M
- Clients
- 353
- Regulatory AUM
- $82,645,524,930
- Share
- 70.3%
- Avg. per client
- $234.1M
- Clients
- 113
- Regulatory AUM
- $24,109,324,771
- Share
- 20.5%
- Avg. per client
- $213.4M
Total
- Clients
- 846
- Regulatory AUM
- $117,526,862,202
- Share
- 100%
- Avg. per client
- $138.9M
What it does
Iconiq Capital provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, selecting other managers and other activities. It is paid through a percentage of assets, fixed fees and performance-based fees.
Iconiq Capital provided financial planning to 0 clients last fiscal year and advises 351 private funds.
73.0% of assets ($85.82B across 698 accounts) are managed with discretion; $31.71B across 953 accounts are not. 8% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
The filed percentages total 101%. The values below are shown as filed.
- Exchange-traded equity securities
- 62%
- Non-exchange-traded equity securities
- 8%
- U.S. government/agency bonds
- 1%
- U.S. state and local bonds
- 14%
- Sovereign bonds
- 6%
- Investment grade corporate bonds
- 8%
- Securities issued by registered investment companies or business development companies
- 1%
- Other (Structured Finance Instruments)
- 1%
Custodians
Iconiq Capital’s client accounts are held mainly at Fidelity, with 9% of managed assets, and Citigroup Global Markets, with 2%. Iconiq Capital has custody of $37.65B for 446 clients.
- FidelityNational Financial Services LLC · Boston, MA · $10.94B9%
- Citigroup Global MarketsCitigroup Global Markets Inc. · New York, NY · $1.78B2%
- OtherCharles Schwab, All other custodians89%
Ownership and leadership
Iconiq Capital Group, L.P. owns 75% or more of Iconiq Capital.
- Owns 75% or more of Iconiq Capital, LLC
Iconiq Capital Group, L.P.
Control person · since December 2011
- Owns 75% or more of Iconiq Capital Group, L.P.
Iconiq Management Holdings, LP
Control person · since October 2020
- Owns 75% or more of Iconiq Management Holdings, LP
Iconiq Feeder, LP
Control person · since October 2020
- Owns 50% to 75% of Iconiq Feeder, LP
Makan Family Trust DTD 10/10/05
Control person · since October 2020
Diksha Makan
Trustee · Control person · since October 2020
Iconiq Capital Group GP, LLC
General partner · Control person · since October 2020
- Owns 75% or more of Iconiq Capital Group GP, LLC
Divesh Makan
Control person · since December 2013
Leadership
- Katherine DouganChief Financial Officer
- Louis ThorneChief Operating Officer
- Jason CraigChief Compliance Officer and Senior Counsel
- Michael AndersPartner
- Kevin FosterManaging Director
- William GriffithPartner
- Matthew JacobsonPartner
- Divesh MakanPartner
Staff
- 513 employees
- 158 in advisory functions
- 81 state-registered reps
Reported holdings
Iconiq Capital’s reported 13F holdings total $3.47B across 76 positions, and the ten largest make up 89.0% of it.
- $3.47B
- Reported 13F value
- 76
- Positions
- 89.0%
- In the 10 largest
- −22.2%
- Value vs. prior quarter
- Servicetitan Inc. · Shs CL A23.3%
- Netskope Inc. · CL A20.9%
- Procore Technologies Inc.17.1%
- Blue Owl Capital Inc. · Com CL A8.7%
- iShares TR · MSCI Acwi ETF6.1%
- Robinhood Mkts Inc. · Com CL A4.7%
- Taiwan Semiconductor Mfg Ltd · Sponsored ADS2.7%
- Alphabet Inc. · Cap Stk CL C2.0%
- Crowdstrike Hldgs Inc. · CL A1.8%
- Blackline Inc.1.7%
Together, the ten largest are 89.0% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $3.47B is not its $117.53B in regulatory assets and does not represent any individual client's portfolio.
Fees
Iconiq Capital is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.
Brochure fee details have not yet been processed for this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Iconiq Capital has 2 offices, with 3 listed addresses across 2 states.
California · 2 listed addresses
- 50 Beale ST., Ste 2300, San FranciscoHQ
- 228 Hamilton Avenue, Palo Alto
New York · 1 listed address
- 360 Park Ave South, New York
Other business names
Iconiq Capital has reported 4 other business names to the SEC.
- Iconiq Capital
- Iconiq Capital Group
- Iconiq Strategic Management
- Iconiq Strategic Partners
Registration details
- Legal name
- Iconiq Capital, LLC
- Headquarters
- 50 Beale ST., Ste 2300, San Francisco, CA 94105
- Phone
- 415-967-7763
- Website
- www.iconiqcapital.com
- SEC file
- 801-72878
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Iconiq Capital have?
Iconiq Capital has 846 clients and manages $117.5 billion for them, as of August 2026. They include 380 high-net-worth individuals, 353 pooled investment vehicles and 113 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 12 August 2026
What services does Iconiq Capital offer?
Iconiq Capital provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, selecting other managers and other activities.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Iconiq Capital use?
Iconiq Capital’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $10,936,958,105, Citigroup Global Markets Inc. (New York, NY), with $1,781,590,960 and Charles Schwab & Co., Inc. (Westlake, TX), with $31,037,265. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 12 August 2026
How many financial advisors does Iconiq Capital have?
Iconiq Capital has 81 investment adviser representatives registered with state securities authorities, out of 513 employees, and 158 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Iconiq Capital invest in?
At the end of its last fiscal year, Iconiq Capital’s separately managed accounts held 62% exchange-traded equities, 14% state and local bonds, 8% non-exchange-traded equities, 8% investment grade corporate bonds, 6% sovereign bonds, 1% U.S. government and agency bonds, 1% registered funds (mutual funds, ETFs, BDCs) and 1% structured finance instruments. It advises 351 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Iconiq Capital?
Iconiq Capital is owned through a chain of holding companies by Divesh Makan. Its direct owner is Iconiq Capital Group, L.P. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 12 August 2026
How does Iconiq Capital get paid?
Iconiq Capital is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file