# Amherst Capital Management LLC

> Amherst Capital Management LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2015, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 174130
- Filed as: AMHERST CAPITAL MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/174130
- AdvisorCensus page: https://advisorcensus.com/firm/amherst-capital-management-llc-new-york-ny-174130

## Quick answers

**How is Amherst Capital Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Amherst Capital Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Amherst Capital Management LLC located?**
Amherst Capital Management LLC's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is Amherst Capital Management LLC registered with the SEC or a state?**
Amherst Capital Management LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 174130.

**How much does Amherst Capital Management LLC manage?**
Amherst Capital Management LLC reports $544,672,797 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (88% discretionary).

**How have Amherst Capital Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Amherst Capital Management LLC: Regulatory assets under management: $3,116,394,021 in the October 2021 data and $544,672,797 in the October 2026 data, down 83%. Total employees: 26 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Amherst Capital Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2); charitable organizations (1).

**Does Amherst Capital Management LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/174130

**What changed in Amherst Capital Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $782,560,552 to $544,672,797 (-30%). Added an office in Little Silver, NJ. No longer lists an office in New York, NY. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $544,672,797
- Discretionary: $477,146,423
- Non-discretionary: $67,526,374

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $477,146,423 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 1 | $67,526,374 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2015 (11 years)
- Employees: 10 total, 9 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Austin, TX
- Little Silver, NJ
- McClean, VA

### Websites listed on Form ADV (Item 1.I)
- [amherst.com](https://amherst.com)
- LinkedIn @amherst
- X @AMHERSTCAPITAL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,116,394,021 | 26 | March 31, 2021 |
| October 2022 | $3,280,685,361 | 29 | June 23, 2022 |
| October 2023 | $4,226,572,339 | 21 | March 31, 2023 |
| October 2024 | $4,613,309,780 | 16 | March 30, 2024 |
| October 2025 | $782,560,552 | 10 | March 31, 2025 |
| October 2026 | $544,672,797 | 10 | March 31, 2026 |

Regulatory assets under management: $3,116,394,021 in the October 2021 data and $544,672,797 in the October 2026 data, down 83%.
Total employees: 26 in October 2021 and 10 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $782,560,552 to $544,672,797 (-30%).
- Added an office in Little Silver, NJ.
- No longer lists an office in New York, NY.
- Updated its list of owners and control persons (Schedule A).

### February 2026
- Added an office in New York, NY.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Amherst Capital Management LLC (CRD 174130): Form ADV filing data as of October 2026.