{
  "crd_number": 158603,
  "slug": "bay-hills-capital-management-llc-san-francisco-ca-158603",
  "primary_business_name": "BAY HILLS CAPITAL MANAGEMENT, LLC",
  "legal_name": "BAY HILLS CAPITAL MANAGEMENT, LLC",
  "dbas": [],
  "city": "San Francisco",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41860",
  "metro": {
    "cbsa_code": "41860",
    "common_name": "San Francisco",
    "msa_name": "San Francisco-Oakland-Fremont, CA",
    "path": "/advisors/ca/san-francisco"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2012-01-26",
  "years_registered": 14,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 569785000.0,
  "raum_discretionary": 569785000.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 7,
  "advisory_employees": 5,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 569785000.0,
      "count": 10
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [
    "CA"
  ],
  "websites": [
    "https://bayhillscapital.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/158603",
  "disclosure_items": [
    {
      "item": "11.H(1)(b)",
      "question": "Has a domestic or foreign court ever found that the firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations?"
    }
  ],
  "city_as_filed": "SAN FRANCISCO",
  "url": "https://advisorcensus.com/firm/bay-hills-capital-management-llc-san-francisco-ca-158603",
  "display_name": "Bay Hills Capital Management, LLC",
  "summary": "Bay Hills Capital Management, LLC is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2012, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. Bay Hills Capital Management, LLC (CRD 158603): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Bay Hills Capital Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Bay Hills Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Bay Hills Capital Management, LLC located?",
      "a": "Bay Hills Capital Management, LLC's principal office is in San Francisco, CA, according to its Form ADV."
    },
    {
      "q": "Is Bay Hills Capital Management, LLC registered with the SEC or a state?",
      "a": "Bay Hills Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 158603."
    },
    {
      "q": "How much does Bay Hills Capital Management, LLC manage?",
      "a": "Bay Hills Capital Management, LLC reports $569,785,000 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)."
    },
    {
      "q": "How have Bay Hills Capital Management, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Bay Hills Capital Management, LLC: Regulatory assets under management: $617,073,750 in the October 2021 data and $569,785,000 in the October 2026 data, down 8%. Total employees: 8 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Bay Hills Capital Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (10)."
    },
    {
      "q": "Does Bay Hills Capital Management, LLC report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.H(1)(b) (court finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/158603"
    },
    {
      "q": "Does Bay Hills Capital Management, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 says: \"Each BHCP Fund requires an initial minimum investment of $1,000,000, which, on occasion, may be waived in the sole discretion of the general partner.\""
    },
    {
      "q": "What changed in Bay Hills Capital Management, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Its Item 11 disclosure answers changed (now yes: 11.H(1)(b); now no: 11.H(2)). Regulatory assets under management went from $873,685,000 to $569,785,000 (-35%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 617073750.0,
      "total_employees": 8,
      "filing_date": "2021-03-24"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 780590000.0,
      "total_employees": 7,
      "filing_date": "2022-05-04"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 780590000.0,
      "total_employees": 7,
      "filing_date": "2023-03-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 864385000.0,
      "total_employees": 7,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 873685000.0,
      "total_employees": 7,
      "filing_date": "2025-05-01"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 569785000.0,
      "total_employees": 7,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Its Item 11 disclosure answers changed (now yes: 11.H(1)(b); now no: 11.H(2)).",
        "Regulatory assets under management went from $873,685,000 to $569,785,000 (-35%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Each BHCP Fund requires an initial minimum investment of $1,000,000, which, on occasion, may be waived in the sole discretion of the general partner."
        ]
      }
    ],
    "quotes": [
      "Each BHCP Fund requires an initial minimum investment of $1,000,000, which, on occasion, may be waived in the sole discretion of the general partner."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/bay-hills-capital-management-llc-san-francisco-ca-158603.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 10,
      "fewer_than_5": false,
      "raum": 569785000.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/158603",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}