# Anchor Health Capital, LLC

> Anchor Health Capital, LLC is an SEC-registered investment advisory firm in Chattanooga, TN, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 309949
- Filed as: ANCHOR HEALTH CAPITAL, LLC
- Also doing business as: CHESTNUT FUNDS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chattanooga, TN
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/309949
- AdvisorCensus page: https://advisorcensus.com/firm/anchor-health-capital-llc-chattanooga-tn-309949

## Quick answers

**How is Anchor Health Capital, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Anchor Health Capital, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does Anchor Health Capital, LLC charge?**
Its Form ADV Part 2A brochure dated March 27, 2026 states: Asset-based fee: 1% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Anchor Health Capital, LLC located?**
Anchor Health Capital, LLC's principal office is in Chattanooga, TN, according to its Form ADV.

**Is Anchor Health Capital, LLC registered with the SEC or a state?**
Anchor Health Capital, LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 309949.

**How much does Anchor Health Capital, LLC manage?**
Anchor Health Capital, LLC reports $166,049,154 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Anchor Health Capital, LLC's assets and staff changed since 2021?**
In the Form ADV data for Anchor Health Capital, LLC: Regulatory assets under management: $117,692,280 in the October 2021 data and $166,049,154 in the October 2026 data, up 41%. Total employees: 9 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Anchor Health Capital, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9).

**Does Anchor Health Capital, 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/309949

**What changed in Anchor Health Capital, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 8 to 5.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Asset-based fee: 1% to 2% a year (a range, as the brochure states it)

> The fee is between 1.00% to 2.00% per year on capital commitments or capital invested in portfolio positions during the investment period of the Private Fund.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $166,049,154
- Discretionary: $166,049,154
- Non-discretionary: $0

### 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) | 9 | $166,049,154 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| 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)

### Firm details
- Registered since: 2020 (6 years)
- Employees: 8 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [anchorhealthcapital.com](https://anchorhealthcapital.com)
- LinkedIn @anchor-health-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $117,692,280 | 9 | July 27, 2021 |
| October 2022 | $177,837,462 | 9 | May 6, 2022 |
| October 2023 | $184,123,452 | 10 | May 25, 2023 |
| October 2024 | $165,482,379 | 11 | April 29, 2024 |
| October 2025 | $159,584,053 | 10 | February 25, 2025 |
| October 2026 | $166,049,154 | 8 | March 27, 2026 |

Regulatory assets under management: $117,692,280 in the October 2021 data and $166,049,154 in the October 2026 data, up 41%.
Total employees: 9 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 8 to 5.

### February 2026
- Changed its legal name from Chestnut Funds, LLC to Anchor Health Capital, LLC.
- Employees performing advisory functions went from 6 to 8.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Anchor Health Capital, LLC (CRD 309949): Form ADV filing data as of October 2026.