Explorador Capital Management, Llc
- Regulatory AUM
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- Discretionary
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- Clients
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- Avg AUM / client
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- Accounts
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- Employees
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AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 26, 2026
Private funds (7)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $70.0M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Explorador Partners, L.L.C. Class N | Hedge Fund | Delaware | $21.4M | 4 |
| Explorador Partners, L.L.C. Class O | Hedge Fund | Delaware | $17.6M | 10 |
| Explorador Panam Horizon Fund, Lp | Hedge Fund | Delaware | $11.5M | 27 |
| Explorador Partners, L.L.C. Class G | Private Equity Fund | Delaware | $10.0M | 38 |
| Explorador Triunfo Fund, Lp | Private Equity Fund | Delaware | $4.3M | 1 |
| Quintec Strategic Management, Lp | Hedge Fund | California | $3.9M | 8 |
| Explorador Partners, L.L.C. Class K | Hedge Fund | Delaware | $1.4M | 2 |
People (2)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Cummins, Andrew, Hall | Managing Member | Nov 1995 (31y) | 75% or more | |
| Nicastro, Ignacio | Cco And Coo | Dec 2020 (6y) | Less than 5% |
Undisclosed: 0% – 25% 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 (7, $70.0M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Explorador Partners, L.L.C. Class N | Hedge Fund | $21.4M | $50.0K | 4 |
| Explorador Partners, L.L.C. Class O | Hedge Fund | $17.6M | $50.0K | 10 |
| Explorador Panam Horizon Fund, Lp | Hedge Fund | $11.5M | $50.0K | 27 |
| Explorador Partners, L.L.C. Class G | Private Equity Fund | $10.0M | $50.0K | 38 |
| Explorador Triunfo Fund, Lp | Private Equity Fund | $4.3M | $50.0K | 1 |
| Quintec Strategic Management, Lp | Hedge Fund | $3.9M | $50.0K | 8 |
| Explorador Partners, L.L.C. Class K | Hedge Fund | $1.4M | $50.0K | 2 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/26/2026 | 2.49 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: TRADING VIOLATION OF RULE 105 OF REGULATION M OF THE SECURITIES EXCHANGE ACT OF 1934. THE RULE STATES YOU MAY NOT SHORT A STOCK WITHIN FIVE DAYS OF A SECONDARY OFFERING IN WHICH YOU COVER THAT STOCK WITH SHARES FROM THE IPO. Status: Final Sanction Detail: THE FOLLOWING AMOUNTS WERE ORDERED AND RESOLVED: $65,000 CIVIL MONEY PENALTY $83,722 DISGORGEMENT $6,936.65 PRE-JUDGMENT INTEREST Summary: THE ITEM HAS BEEN SETTLED. EXPLORADOR DID SURVEY PREVIOUS TRADING SEARCHING FOR SIMILAR VIOLATIONS, NONE WERE DISCOVERED. NEW POLICIES AND PROCEDURES HAVE BEEN IMPLEMENTED TO AVOID SIMILAR INFRACTIONS FROM TAKING PLACE IN THE FUTURE. THESE ARE TESTED.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
Not reported.
Custody
Reported custodians
- BNY Mellon $12.2M (13% of AUM) Dec 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 26, 2026.
View current Form ADV (SEC/IAPD) ↗