Ajovista, Llc
- Regulatory AUM
- $269M
- Discretionary
- $269M
- Clients
- 4
- Avg AUM / client
- $67.3M
- Accounts
- 5
- Employees
- 13
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 27, 2026
Investments (13F portfolio — 112 positions, $23,401,978)
13F period Sep 30, 2024| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Ke Hldgs Inc | SHS | $2,099,948 | 105,472 | 8.97% | 0.78% |
| 2 | Qifu Technology Inc | SHS | $1,626,434 | 54,560 | 6.95% | 0.6% |
| 3 | Harmony Gold Mining Co Ltd | SHS | $1,477,864 | 145,316 | 6.32% | 0.55% |
| 4 | Jd.Com Inc | SHS | $1,240,920 | 31,023 | 5.3% | 0.46% |
| 5 | Alibaba Group Hldg Ltd | SHS | $937,464 | 8,834 | 4.01% | 0.35% |
| 6 | Ishares Tr | SHS | $486,481 | 11,393 | 2.08% | 0.18% |
| 7 | Vale S A | SHS | $353,892 | 30,299 | 1.51% | 0.13% |
| 8 | Northeast Cmnty Bancorp Inc | SHS | $326,552 | 12,346 | 1.4% | 0.12% |
| 9 | Pennant Group Inc | SHS | $301,844 | 8,455 | 1.29% | 0.11% |
| 10 | Onespan Inc | SHS | $296,293 | 17,774 | 1.27% | 0.11% |
| 11 | Adaptive Biotechnologies Cor | SHS | $288,102 | 56,270 | 1.23% | 0.11% |
| 12 | Phibro Animal Health Corp | SHS | $286,927 | 12,741 | 1.23% | 0.11% |
| 13 | Composecure Inc | SHS | $284,059 | 20,261 | 1.21% | 0.11% |
| 14 | Willdan Group Inc | SHS | $279,729 | 6,831 | 1.2% | 0.1% |
| 15 | Third Coast Bancshares Inc | SHS | $274,607 | 10,258 | 1.17% | 0.1% |
| 16 | Suncoke Energy Inc | SHS | $263,212 | 30,324 | 1.12% | 0.1% |
| 17 | Veritone Inc | SHS | $253,221 | 70,535 | 1.08% | 0.09% |
| 18 | Weyco Group Inc | SHS | $251,522 | 7,389 | 1.07% | 0.09% |
| 19 | Shoe Carnival Inc | SHS | $246,525 | 5,622 | 1.05% | 0.09% |
| 20 | Babcock & Wilcox Enterprises | SHS | $244,472 | 119,839 | 1.04% | 0.09% |
| 21 | Build A Bear Workshop Inc | SHS | $244,130 | 7,103 | 1.04% | 0.09% |
| 22 | Southern Sts Bancshares Inc | SHS | $244,027 | 7,941 | 1.04% | 0.09% |
| 23 | Fubotv Inc | SHS | $242,330 | 170,655 | 1.04% | 0.09% |
| 24 | Carriage Svcs Inc | SHS | $239,528 | 7,296 | 1.02% | 0.09% |
| 25 | Hovnanian Enterprises Inc | SHS | $234,208 | 1,146 | 1.0% | 0.09% |
Top 25 of 112 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) | 3 | $17.2M | 6.41% |
| Charitable organizations | 1 | $252M | 93.6% |
Private funds (3)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $37.5M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Ajovista Emerging Markets Small Cap Fund, Ltd | Hedge Fund | Cayman Islands | $17.9M | 4 |
| Ajovista Us Micro Cap Fund, Ltd | Hedge Fund | Cayman Islands | $10.4M | 1 |
| Ajovista Eafe Small Cap Fund, Ltd | Hedge Fund | Cayman Islands | $9.3M | 1 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Aronson, Theodore, Rosen | Partner | Jul 2021 (5y) | ≈ 12.5% – 37.5% via Ajo, Lp | |
| Moore, Gina Marie, Nardi | Partner | Jul 2021 (5y) | ≈ 12.5% – 37.5% via Ajo, Lp | |
| Barnes, Jesse, Garrett | Chief Executive Officer | Oct 2021 (5y) | ≈ 18.75% – 50% via Denali Partners Llc | |
| Takmopoulos, Nikolaos | Chief Compliance Officer, Chief Financial Officer And Chief Operating Officer | Oct 2021 (5y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Missouri Local Government Employees Retirement System | Owner | Oct 2021 | A | 25% – 50% |
| Ajo, Lp | Owner | Oct 2021 | A | 25% – 50% |
| Denali Partners Llc | Owner | Oct 2021 | A | 25% – 50% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Aronson, Theodore, Rosen: 50% – 75% of Ajo, Lp × 25% – 50% direct ≈ 12.5% – 37.5% of the firm
- Moore, Gina Marie, Nardi: 50% – 75% of Ajo, Lp × 25% – 50% direct ≈ 12.5% – 37.5% of the firm
- Barnes, Jesse, Garrett: 75% – 100% of Denali Partners Llc × 25% – 50% direct ≈ 18.75% – 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.
Private funds (3, $37.5M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Ajovista Emerging Markets Small Cap Fund, Ltd | Hedge Fund | $17.9M | $0 | 4 |
| Ajovista Us Micro Cap Fund, Ltd | Hedge Fund | $10.4M | $0 | 1 |
| Ajovista Eafe Small Cap Fund, Ltd | Hedge Fund | $9.3M | $0 | 1 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 1.98 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
- • Portfolio management for pooled investment vehicles
Custody
Reported custodians
- Northern Trust $553M (41% of AUM) Mar 2024
- BNY Mellon $252M (94% of AUM) Mar 2026
- Brown Brothers Harriman & Co. $170M (89% of AUM) Feb 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 27, 2026.
View current Form ADV (SEC/IAPD) ↗