Guardcap Asset Management Limited
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 297056
· SEC file 801-113537
· London
· WWW.LINKEDIN.COM
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ADV data as of Mar 31, 2026
- Regulatory AUM
- $5.9B
- Discretionary
- $5.9B
- Clients
- 30
- Avg AUM / client
- $198M
- Accounts
- 12
- Employees
- 24
AUM over time
$0
$13.1B
Jun 2018
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Investments (13F portfolio — 27 positions, $1,746,392,605)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Cme Group Inc | COM | $272,267,528 | 925,624 | 15.6% | 4.59% |
| 2 | Yum China Hldgs Inc | COM | $192,473,002 | 3,945,736 | 11.0% | 3.24% |
| 3 | Booking Holdings Inc | COM | $137,462,601 | 32,329 | 7.87% | 2.32% |
| 4 | Colgate Palmolive Co | COM | $134,985,725 | 1,589,800 | 7.73% | 2.27% |
| 5 | Mastercard Incorporated | CL A | $132,408,632 | 264,057 | 7.58% | 2.23% |
| 6 | Unitedhealth Group Inc | COM | $126,779,980 | 465,161 | 7.26% | 2.14% |
| 7 | Microsoft Corp | COM | $114,663,882 | 306,565 | 6.57% | 1.93% |
| 8 | Illumina Inc | COM | $109,729,312 | 887,509 | 6.28% | 1.85% |
| 9 | Marketaxess Hldgs Inc | COM | $106,351,076 | 643,370 | 6.09% | 1.79% |
| 10 | Nike Inc | CL B | $91,826,708 | 1,723,994 | 5.26% | 1.55% |
| 11 | Adobe Inc | COM | $90,151,726 | 367,810 | 5.16% | 1.52% |
| 12 | Verisk Analytics Inc | COM | $89,965,296 | 472,853 | 5.15% | 1.52% |
| 13 | Accenture Plc Ireland | SHS CLASS A | $68,115,988 | 338,717 | 3.9% | 1.15% |
| 14 | Automatic Data Processing In | COM | $62,985,683 | 307,066 | 3.61% | 1.06% |
| 15 | Smith A O Corp | COM | $4,086,571 | 60,555 | 0.23% | 0.07% |
| 16 | Waters Corp | COM | $4,021,355 | 10,225 | 0.23% | 0.07% |
| 17 | Taiwan Semiconductor Manufac | SPONSORED ADS | $1,802,625 | 5,334 | 0.1% | 0.03% |
| 18 | Relx Plc | SPONSORED ADR | $1,255,556 | 37,875 | 0.07% | 0.02% |
| 19 | Mercadolibre Inc | COM | $1,210,314 | 700 | 0.07% | 0.02% |
| 20 | Hdfc Bank Ltd | SPONSORED ADS | $965,344 | 38,800 | 0.06% | 0.02% |
| 21 | Alibaba Group Hldg Ltd | SPONSORED ADS | $595,935 | 4,750 | 0.03% | 0.01% |
| 22 | Itau Unibanco Hldg S A | SPON ADR REP PFD | $567,477 | 67,718 | 0.03% | 0.01% |
| 23 | Infosys Ltd | SPONSORED ADR | $540,400 | 40,000 | 0.03% | 0.01% |
| 24 | Trip Com Group Ltd | ADS | $509,352 | 10,230 | 0.03% | 0.01% |
| 25 | Netease Com Inc | SPONSORED ADS | $431,529 | 3,855 | 0.02% | 0.01% |
Top 25 of 27 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 |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 6 | $5.4B | 90.9% |
| Charitable organizations | Fewer than 5 clients | $24.1M | 0.41% |
| State or municipal government entities | Fewer than 5 clients | $262M | 4.41% |
| Other investment advisers | 24 | — | — |
| Corporations and other businesses | Fewer than 5 clients | $252M | 4.24% |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Bates, Steven, Andrew Ralph | Director, Chief Investment Officer | Feb 2003 (24y) | Less than 5% | |
| Mavroudis, George | Director | Apr 2014 (12y) | Less than 5% | |
| Koshutova, Arieta | Chief Compliance Officer, Chief Operating Officer | Jun 2015 (11y) | Less than 5% | |
| Christodoulou, Andrew, Michael | Shareholder | Jun 2024 (2y) | ≈ 3.52% – 25% via Minic Investments Limited | |
| Christodoulou, Nicholas | Shareholder | Jun 2024 (2y) | ≈ 3.52% – 25% via Minic Investments Limited | |
| Christodoulou, Stephanie, Diana | Shareholder | Jun 2024 (2y) | ≈ 3.52% – 25% via Minic Investments Limited | |
| Chryssafou Christodoulou, Dimitris Stavros | Shareholder | Jun 2024 (2y) | ≈ 3.52% – 25% via Minic Investments Limited |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Guardian Capital Lp | Shareholder | May 2014 | A | 75% or more |
| Guardian Capital Group Limited | Direct Owner | May 2014 | B | ≈ 56.25% – 100% via Guardian Capital Lp |
| Minic Investments Limited | Shareholder | Jan 2004 | B | ≈ 14.06% – 50% via Guardian Capital Group Limited |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Christodoulou, Andrew, Michael: 25% – 50% of Minic Investments Limited × 25% – 50% of Guardian Capital Group Limited × 75% – 100% of Guardian Capital Lp × 75% – 100% direct ≈ 3.52% – 25% of the firm
- Christodoulou, Nicholas: 25% – 50% of Minic Investments Limited × 25% – 50% of Guardian Capital Group Limited × 75% – 100% of Guardian Capital Lp × 75% – 100% direct ≈ 3.52% – 25% of the firm
- Christodoulou, Stephanie, Diana: 25% – 50% of Minic Investments Limited × 25% – 50% of Guardian Capital Group Limited × 75% – 100% of Guardian Capital Lp × 75% – 100% direct ≈ 3.52% – 25% of the firm
- Chryssafou Christodoulou, Dimitris Stavros: 25% – 50% of Minic Investments Limited × 25% – 50% of Guardian Capital Group Limited × 75% – 100% of Guardian Capital Lp × 75% – 100% direct ≈ 3.52% – 25% of the firm
- Guardian Capital Group Limited: 75% – 100% of Guardian Capital Lp × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Minic Investments Limited: 25% – 50% of Guardian Capital Group Limited × 75% – 100% of Guardian Capital Lp × 75% – 100% direct ≈ 14.06% – 50% of the firm
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.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.78 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
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- State Street $851M (9% of AUM) Mar 2025
- RBC $477M (9% of AUM) Nov 2020
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have 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 31, 2026.
View current Form ADV (SEC/IAPD) ↗