Sandia Investment Management Lp
- Regulatory AUM
- $625M
- Discretionary
- $612M
- Clients
- 10
- Avg AUM / client
- $62.5M
- Accounts
- 10
- Employees
- 6
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Jun 10, 2026
Investments (13F portfolio — 128 positions, $40,101,320)
13F period Dec 31, 2025| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Haymaker Acquisition Corp Iv | CLASS A | $3,982,852 | 349,987 | 9.93% | 0.64% |
| 2 | Bold Eagle Acquisition Corp | CL A | $1,244,864 | 117,662 | 3.1% | 0.2% |
| 3 | Regis Corporation | COM SHS | $913,974 | 32,936 | 2.28% | 0.15% |
| 4 | Sturm Ruger & Co Inc | COM | $864,735 | 26,485 | 2.16% | 0.14% |
| 5 | Legence Corp | CL A | $854,344 | 19,850 | 2.13% | 0.14% |
| 6 | Medline Inc | COM CL A | $840,000 | 20,000 | 2.09% | 0.13% |
| 7 | Alliance Laundry Hldgs Inc | COM | $804,273 | 39,522 | 2.01% | 0.13% |
| 8 | Waterbridge Infrastructure L | CL A SHS REPSTG | $800,400 | 40,000 | 2.0% | 0.13% |
| 9 | Silicon Vy Acquisition Corp | UNIT 12/08/2030 | $745,875 | 75,000 | 1.86% | 0.12% |
| 10 | Netskope Inc | CL A | $701,600 | 40,000 | 1.75% | 0.11% |
| 11 | Caris Life Sciences Inc | COM | $636,728 | 23,600 | 1.59% | 0.1% |
| 12 | Gores Hldgs X Inc | SHS CL A | $631,728 | 61,632 | 1.58% | 0.1% |
| 13 | Stonebridge Acquisition Ii C | UNIT 09/09/2030 | $602,400 | 60,000 | 1.5% | 0.1% |
| 14 | Miami Intl Hldgs Inc | COM | $576,940 | 13,000 | 1.44% | 0.09% |
| 15 | Roman Dbdr Acquisition Corp | ORD SHS CL A | $521,896 | 50,038 | 1.3% | 0.08% |
| 16 | Ul Solutions Inc | CLASS A COM SHS | $515,350 | 6,535 | 1.29% | 0.08% |
| 17 | Live Oak Acquisition Corp V | CL A SHS | $515,000 | 50,000 | 1.28% | 0.08% |
| 18 | Cantor Equity Partners V Inc | SHS CL A S | $512,500 | 50,000 | 1.28% | 0.08% |
| 19 | Ai Infrastructure Acquisi | UNIT 99/99/9999 | $509,000 | 50,000 | 1.27% | 0.08% |
| 20 | M3 Brigade Acquisition Vi Co | UNIT 08/18/2030 | $506,250 | 50,000 | 1.26% | 0.08% |
| 21 | Vine Hill Cap Invts Corp Ii | UNIT 11/25/2030 | $501,050 | 50,000 | 1.25% | 0.08% |
| 22 | Hall Chadwick Acquisition Co | UNIT 11/20/2030 | $501,000 | 50,000 | 1.25% | 0.08% |
| 23 | Bluerock Acquisition Corp | UNIT 11/06/2030 | $500,000 | 50,000 | 1.25% | 0.08% |
| 24 | Ithax Acquisition Corp Iii | UNIT 11/17/2030 | $498,750 | 50,000 | 1.24% | 0.08% |
| 25 | Bitcoin Infrastructure Acqui | UNIT 11/06/2030 | $498,000 | 50,000 | 1.24% | 0.08% |
Top 25 of 128 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) | 8 | $607M | 97.0% |
| Corporations and other businesses | 2 | $18.8M | 3.01% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $1.0M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Sandia Crest Lp | Hedge Fund | District of Columbia | $1.0M | 3 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Sichler, Timothy, Joel | Founder, Chief Investment Officer, And Limited Partner | Sep 2020 (6y) | 50% – 75% | |
| Bail, Andrew, Gottschalk | Portfolio Manager And Limited Partner | Apr 2021 (5y) | 25% – 50% | |
| Wilson, Henry, K | President And Limited Partner | Apr 2021 (5y) | 10% – 25% | |
| Cagna, Thomas, James | Cco, Coo, And Cfo | Jul 2021 (5y) | 5% – 10% |
Undisclosed: 0% – 10% 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 (1, $1.0M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Sandia Crest Lp | Hedge Fund | $1.0M | $0 | 3 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/10/2026 | 983 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
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Morgan Stanley $150M (18% of AUM) Mar 2022
- J.P. Morgan $75.0M (9% of AUM) Mar 2023
- BNY Mellon $40.0M (35% of AUM) Aug 2021
- Goldman Sachs $13.8M (2% of AUM) Jun 2026
- Merrill Lynch $5.0M (1% of AUM) Jun 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: Jun 10, 2026.
View current Form ADV (SEC/IAPD) ↗