# Locust Capital

Locust Capital is a Bank / Wealth / Trust based in New York, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** Philadelphia, PA, United States
- **Assets under management:** Undisclosed
- **Website:** www.locustcap.com
- **LinkedIn:** https://www.linkedin.com/company/locust-capital-management

## About

Locust Capital is an SEC-registered investment adviser in New York, NY, registered since 2011. The firm manages approximately $4.4 billion in regulatory assets. It has 12 employees and 5 investment advisers.

## Questions

### Who manages investment decisions at Locust Capital?

Edward L. Shugrue III co-founded the firm and serves as its lead portfolio manager. He previously managed high-yield corporate bond portfolios at major financial institutions, a background that informs the firm's credit-analysis-driven approach to equity valuation. Investment decisions are made by Shugrue in consultation with a small internal research team.

### What is Locust Capital's core investment strategy?

The firm practices concentrated, value-oriented equity investing in publicly traded companies. It focuses primarily on small- and mid-cap U.S. equities where market inefficiencies are most pronounced. The strategy involves deep fundamental research, direct company engagement, and long holding periods — often with an activist-adjacent posture when management or governance changes are needed.

### Does Locust Capital invest in private markets or venture capital?

Locust Capital's known mandate is confined to publicly traded equities. There is no public record of the firm participating in private venture rounds, private equity fund commitments, or direct private company investments. The firm's structural design is built entirely around liquid, listed securities.

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- [Lockwood Wealth Strategies](https://altss.com/profile/lockwood-wealth-strategies)
- [Lodestar Private Asset Management](https://altss.com/profile/lodestar-private-asset-management)

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Last updated: 2026-06-03T20:00:00.000Z

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