L2 Asset Management, Llc
- Regulatory AUM
- $1.3B
- Discretionary
- $838M
- Clients
- 86
- Avg AUM / client
- $14.8M
- Accounts
- 124
- Employees
- 7
AUM over time
Annual snapshots from Form ADV filings · as of Mar 06, 2026
Investments (13F portfolio — 397 positions, $1,051,344,188)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Ishares Tr | 0-3 MNTH TREASRY | $49,939,349 | 496,119 | 4.75% | 3.93% |
| 2 | Schwab Strategic Tr | US LRG CAP ETF | $33,682,618 | 1,313,675 | 3.2% | 2.65% |
| 3 | Schwab Strategic Tr | 5 10YR CORP BD | $29,779,640 | 1,313,035 | 2.83% | 2.34% |
| 4 | Simplify Exchange Traded Fun | MBS ETF | $27,648,556 | 559,008 | 2.63% | 2.18% |
| 5 | American Centy Etf Tr | US SML CP VALU | $26,128,330 | 236,520 | 2.49% | 2.06% |
| 6 | Vanguard Mun Bd Fds | TAX EXEMPT BD | $25,207,592 | 505,263 | 2.4% | 1.98% |
| 7 | Nvidia Corporation | COM | $22,111,553 | 126,786 | 2.1% | 1.74% |
| 8 | Apple Inc | COM | $21,973,431 | 86,581 | 2.09% | 1.73% |
| 9 | Ishares Tr | MSCI EMG MKT ETF | $17,766,389 | 225,184 | 1.69% | 1.4% |
| 10 | Schwab Strategic Tr | INTL EQTY ETF | $16,576,354 | 669,670 | 1.58% | 1.3% |
| 11 | Schwab Strategic Tr | EMRG MKTEQ ETF | $16,384,682 | 497,259 | 1.56% | 1.29% |
| 12 | Principal Exchange Traded Fd | SPECTRUM PFD | $15,988,492 | 849,548 | 1.52% | 1.26% |
| 13 | Microsoft Corp | COM | $15,167,446 | 40,974 | 1.44% | 1.19% |
| 14 | Cf Inds Hldgs Inc | COM | $14,550,530 | 112,065 | 1.38% | 1.14% |
| 15 | Janus Henderson Group Plc | ORD SHS | $14,503,288 | 289,902 | 1.38% | 1.14% |
| 16 | Spdr S&P 500 Etf Tr | TR UNIT | $14,150,474 | 336,721 | 1.35% | 1.11% |
| 17 | Etf Ser Solutions | AAM LW DUR PFD | $13,913,272 | 718,661 | 1.32% | 1.09% |
| 18 | Ishares Tr | EAFE VALUE ETF | $13,736,087 | 184,749 | 1.31% | 1.08% |
| 19 | Janus Detroit Str Tr | HENDRSON AAA CL | $13,207,188 | 262,203 | 1.26% | 1.04% |
| 20 | Vanguard Whitehall Fds | EM MK GOV BD ETF | $13,197,202 | 200,901 | 1.26% | 1.04% |
| 21 | Schwab Strategic Tr | HIGH YIELD BD ET | $12,181,222 | 468,509 | 1.16% | 0.96% |
| 22 | Berkshire Hathaway Inc Del | CL B NEW | $10,624,740 | 22,172 | 1.01% | 0.84% |
| 23 | Alphabet Inc | CAP STK CL A | $10,539,383 | 36,651 | 1.0% | 0.83% |
| 24 | Schwab Strategic Tr | US SML CAP ETF | $10,336,514 | 359,851 | 0.98% | 0.81% |
| 25 | Schwab Strategic Tr | LONG TERM US | $10,212,656 | 324,933 | 0.97% | 0.8% |
Top 25 of 397 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 79 | $413M | 32.5% |
| Investment companies | 2 | $573M | 45.1% |
| Pooled investment vehicles (non-investment companies) | 3 | $233M | 18.3% |
| Other investment advisers | 1 | $44.0M | 3.46% |
| Other | 1 | $8.3M | 0.65% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $82.9M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| L2 Summit Fund, L.P. | Hedge Fund | Delaware | $43.4M | 27 |
| L2 Summit Enhanced Return Fund, L.P. | Hedge Fund | Delaware | $39.5M | 14 |
People (7)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Bhojraj, Sanjeev | Portfolio Manager | Jan 2014 (13y) | 25% – 50% | |
| Matthew Justin Malgari | Managing Member, Portfolio Manager | Jan 2014 (13y) | 25% – 50% | |
| Przybylo, Nathan, Haynes | Portfolio Manager, Programmer | Jan 2014 (13y) | 10% – 25% | |
| Arnedt, Andrew, Tyson | General Counsel | Aug 2018 (8y) | Less than 5% | |
| Casella, Giselle | Chief Compliance Officer | May 2020 (6y) | Less than 5% | |
| Durkin, John, Tower | Chief Operating Officer | Feb 2022 (5y) | 5% – 10% | |
| Leigh Allison Mast | Registered representative | CFP | Dec 2024 (2y) |
Undisclosed: 0% – 35% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $82.9M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| L2 Summit Fund, L.P. | Hedge Fund | $43.4M | $750K | 27 |
| L2 Summit Enhanced Return Fund, L.P. | Hedge Fund | $39.5M | $750K | 14 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/06/2026 | 1.52 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Other services
Custody
Reported custodians
- Charles Schwab & Co. $171M (13% of AUM) Mar 2026
- Interactive Brokers $7.9M (1% of AUM) Mar 2026
- Northern Trust $7.1M (1% of AUM) Mar 2026
- Fidelity Brokerage Services $3.2M (0% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 06, 2026.
View current Form ADV (SEC/IAPD) ↗