# Muddy Waters Capital

Muddy Waters Capital is a RIA based in Austin, United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** Austin, United States
- **Region:** North America
- **Address:** Saint Louis, MO, United States
- **Founded:** 2010
- **Assets under management:** Undisclosed
- **Website:** muddywatersresearch.com
- **LinkedIn:** https://www.linkedin.com/company/muddy-waters-capital-llc

## Regulatory record

- **CRD number:** 281411
- **SEC file number:** 801-110873
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/281411

## About

MUDDY WATERS CAPITAL LLC is an SEC-registered investment adviser in AUSTIN, TX, registered since 2017. The firm manages approximately $576 million in regulatory assets. It has 14 employees and 10 investment advisers.

## Sectors

- Hedge Funds

## People

- Carson Block — Founder and Chief Investment Officer

## Questions

### Who runs investment decisions at Muddy Waters Capital?

Carson Block is the founder and chief investment officer, making all final portfolio decisions. He is supported by a small team of analysts and investigators, but the firm remains a one-man operation at the investment level.

### How does Muddy Waters Capital source proprietary deal flow?

The firm's research team reviews public filings, conducts on-the-ground investigations in target geographies (particularly China), and fields whistleblower tips. Block has described the process as following 'paper trails' from annual reports to subsidiary registrations.

### Which sectors does Muddy Waters Capital explicitly avoid?

The firm does not publicly restrict specific sectors, but its historical focus has been on Chinese companies listed in the US and Canada, particularly those with complex cross-border structures, as well as small-to-mid-cap US stocks with opaque accounting.

### Does Muddy Waters Capital participate in fund commitments or only direct short positions?

Muddy Waters Capital's investment strategy is direct short positions in individual public equities. The firm does not allocate to external funds or take long positions as a matter of stated philosophy.

### What is Muddy Waters Capital's known posture on co-investments alongside external GPs?

Muddy Waters Capital does not engage in co-investments. The firm's strategy is solitary — its reputation depends on anonymity and independence during the investigation phase.

## Related profiles

- [PCP Management (Developing Countries), LLC](https://altss.com/profile/pcp-management-developing-countries-llc)
- [Angelus Investment Consulting](https://altss.com/profile/angelus-investment-consulting-inc)

---

Last updated: 2026-07-06T01:24:21.701Z

Canonical page: https://altss.com/profile/muddy-waters-capital-llc

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology