KERBEROS CAPITAL MANAGEMENT LLC

CRD 315699File 801-130839

APPROVED

Custody

Filing as of Mar 30, 2026

Feed vintage Aug 17, 2026

Regulatory AUM

$412.2M

Below cohort median (national)

Discretionary AUM

$64.9M

Non-discretionary $347.4M

Clients

13 accounts

Employees

Below cohort median in IL

Identity & registration

ADV Item 1

Organization form: Limited Liability Company
Firm type: Registered
SEC region: CHRO
Registration date: Nov 1, 2024
Principal office: 17 NORTH STATE STREET, ST # 1600, CHICAGO, IL, 60602
Phone: (312) 854-8787
Website: https://kerberoscm.com/

Assets & accounts

ADV Item 5F

Total regulatory AUM: $412.2M
Discretionary AUM: $64.9M
Non-discretionary AUM: $347.4M
Discretionary accounts: 2
Non-discretionary accounts: 11
Total accounts: 13
AUM per client: $51.5M

Clients by type

ADV Item 5D

Client type	Clients	AUM
Investment companies	1	$6.5M
Other investment advisers	Fewer than 5	$45.2M
Pooled investment vehicles	7	$357.4M

Compensation & activities

ADV Items 5E, 5G

Compensation

Other
Other (described) — SERVICING/RELATED FEES
Performance-based fees
A percentage of assets under your management

Advisory activities

Portfolio management for businesses
Portfolio management for investment companies
Portfolio management for pooled investment vehicles
Portfolio management for individuals and/or small businesses

Custody

ADV Item 9

Firm Custody Cash: Yes
Firm Custody Assets: Yes
Firm Custody Clients: Yes
Firm Custody Securities: Yes
Related Person Custody Cash: No
Related Person Custody Assets: No
Related Person Custody Clients: No
Related Person Custody Securities: Yes

Disclosure events

ADV Item 11

This firm answered no to every Item 11 disclosure question in this filing.

Filed changes

Date	Field	From	To
Aug 12, 2026	Registration	—	APPROVED

Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.