Overview
ADVISORY BUSINESS
A. General Description of Advisory Firm.
Sophis Investments LLC (CRD #: 170391) is a Delaware limited liability company
founded in April 2008. The Adviser conducts certain business under the trade name Rational Investors.
Tassos D. Recachinas, as founder, principal owner and managing member of the Adviser, controls the
Adviser and is responsible for its day-to-day activities. Vijay S. Malik joined the Adviser as an
Investment Adviser Representative on October 31, 2014. Edward I. O’Brien III joined the Adviser as
Chairman on September 29, 2017. Walter E. (Skip) Auch, Jr. joined the Adviser as an Investment
Adviser Representative on July 9, 2018. George V. Merrill joined the Adviser as an Investment Adviser
Representative on January 15, 2021. The Adviser is registered with the Securities & Exchange
Commission, and as required, has submitted notice filings with the District of Columbia and the States of
California, Connecticut, Nebraska, New Jersey and New York.
B. Description of Advisory Services.
Sophis Investments provides discretionary portfolio management services to clients.
Sophis Investments offers clients a concentrated investment strategy that focuses primarily on investing in
a limited number of long equity positions. Sophis Investments employs “bottom-up” analysis and
fundamental research to identify investment opportunities for execution of the investment strategy.
Please
refer to the Investment Strategies, Methods of Analysis, and Risk of Loss section for a more detailed
description of the Adviser’s investment strategy.
In addition to Sophis Investments’ principal investment strategies, the firm provides
tailored investment advisory services as applicable to clients.
C. Availability of Customized Services for Individual Clients.
Sophis Investments accepts investor-imposed restrictions or parameters with respect to its
separately managed accounts and is willing to tailor the advisory services it provides to each client, in
writing typically on an exhibit or schedule attached to the investment management agreement. While the
Adviser intends for separately managed accounts advised under the same or similar investment strategy to
generally hold, to the extent practicable, similar securities with one another, each account’s net asset
value, regulatory, tax and suitability, among other considerations, may contribute to investments and
investment performance differing significantly among accounts.
D. Wrap Fee Programs.
The Adviser does not participate in any wrap fee programs.
E. Regulatory Assets Under Management.
As of December 31, 2022, the Adviser manages approximately $75,161,353 of client
assets on a discretionary basis and $35,161,248 of client assets on a non-discretionary basis.
Part 2 of Form ADV 2