Lagoda Investment Management, L.P.
- Regulatory AUM
- $313M
- Discretionary
- $313M
- Clients
- 48
- Avg AUM / client
- $6.5M
- Accounts
- 49
- Employees
- 4
AUM over time
Annual snapshots from Form ADV filings · as of Mar 17, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 18 | $15.7M | 5.02% |
| High net worth individuals | 30 | $193M | 61.7% |
| Charitable organizations | Fewer than 5 clients | $104M | 33.3% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| U. A. Local 38 Defined Benefit Pension Plan Board Of Trustees Of U. A. Local 38 Trust Funds | 2024 |
People (10)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Doyle, Lawrence, Patrick | Elected Manager | Apr 2011 (15y) | GP / trustee / elected manager of Horizon Kinetics Llc (indirect) | |
| Doyle, Peter, Brendan | Elected Manager | Apr 2011 (15y) | GP / trustee / elected manager of Horizon Kinetics Llc (indirect) | |
| Ewing, Thomas, Crimmins | Elected Manager | Apr 2011 (15y) | GP / trustee / elected manager of Horizon Kinetics Llc (indirect) | |
| Kesslen, Jay, Harris | Elected Manager | Apr 2011 (15y) | GP / trustee / elected manager of Horizon Kinetics Llc (indirect) | |
| Polyakov, Leonid | Elected Manager | Apr 2011 (15y) | GP / trustee / elected manager of Horizon Kinetics Llc (indirect) | |
| Stahl, Murray | Chairman Of The Board Of Managers And Elected Manager | Apr 2011 (15y) | GP / trustee / elected manager of Horizon Kinetics Llc (indirect) | |
| Steven Bregman | Elected Manager | Apr 2011 (15y) | GP / trustee / elected manager of Horizon Kinetics Llc (indirect) | |
| Dickey, Fatima, Katarzyna | Limited Partner, Senior Managing Principal | May 2014 (12y) | 75% or more | |
| Ozone, Jason, Anthony | Chief Compliance Officer | Sep 2018 (8y) | Less than 5% | |
| Williams, Alun, L | Member | Feb 2021 (6y) | GP / trustee / elected manager of Horizon Kinetics Llc (indirect) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Horizon Common Inc. | Limited Partner | Apr 2014 | A | 5% – 10% |
| Horizon Kinetics Llc | Limited Partner | Apr 2014 | A | 5% – 10% |
| Lagoda Investment Management, Llc | General Partner | Feb 2014 | A | Less than 5% |
| Horizon Common Inc | Member | Apr 2011 | B | ≈ 1.25% – 5% via Horizon Kinetics Llc |
| Kinetics Common Inc | Member | Apr 2011 | B | ≈ 1.25% – 5% via Horizon Kinetics Llc |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Horizon Common Inc: 25% – 50% of Horizon Kinetics Llc × 5% – 10% direct ≈ 1.25% – 5% of the firm
- Kinetics Common Inc: 25% – 50% of Horizon Kinetics Llc × 5% – 10% direct ≈ 1.25% – 5% 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.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| U. A. Local 38 Defined Benefit Pension Plan | Board Of Trustees Of U. A. Local 38 Trust Funds | 1,381 | $555M | 07/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/17/2026 | 970 KB | 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 individuals/small businesses
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Morgan Stanley $127M (41% of AUM) Mar 2026
- Bank Of America Private Bank $126M (40% of AUM) Mar 2024
- Fiduciary Trust Company International $124M (40% of AUM) Mar 2026
- U.S. Trust Company $121M (44% of AUM) Mar 2019
- Keybank National Association $72.4M (23% of AUM) Mar 2024
- Bank Of America, National Association $61.5M (20% of AUM) Mar 2026
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 17, 2026.
View current Form ADV (SEC/IAPD) ↗