# Bertolet Capital LLC

> Bertolet Capital LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2003, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated January 7, 2026.

- CRD: 125121
- Filed as: BERTOLET CAPITAL LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: January 7, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/125121
- AdvisorCensus page: https://advisorcensus.com/firm/bertolet-capital-llc-new-york-ny-125121

## Quick answers

**How is Bertolet Capital LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Bertolet Capital LLC reports these compensation arrangements: a percentage of assets under its management.

**Where is Bertolet Capital LLC located?**
Bertolet Capital LLC's principal office is in New York, NY, according to its Form ADV.

**Is Bertolet Capital LLC registered with the SEC or a state?**
Bertolet Capital LLC is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 125121.

**How much does Bertolet Capital LLC manage?**
Bertolet Capital LLC reports $35,800,000 in regulatory assets under management in its Form ADV filing dated January 7, 2026 (100% discretionary).

**How have Bertolet Capital LLC's assets and staff changed since 2021?**
In the Form ADV data for Bertolet Capital LLC: Regulatory assets under management: $29,300,000 in the October 2021 data and $35,800,000 in the October 2026 data, up 22%. Total employees: 1 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Bertolet Capital LLC serve?**
By number of clients on Form ADV Item 5.D: investment companies (1).

**Does Bertolet 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/125121

**Does Bertolet Capital LLC state an account minimum?**
Its Form ADV Part 2A brochure dated January 7, 2026 says: "Minimum account size is $10 million."

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated January 7, 2026)

- Account minimum: $10,000,000

> Minimum account size is $10 million.

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

### Regulatory assets under management (Item 5.F)
- Total: $35,800,000
- Discretionary: $35,800,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $35,800,000 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 2003 (23 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $29,300,000 | 1 | January 7, 2021 |
| October 2022 | $32,100,000 | 1 | January 4, 2022 |
| October 2023 | $29,300,000 | 1 | January 4, 2023 |
| October 2024 | $35,400,000 | 1 | January 17, 2024 |
| October 2025 | $36,400,000 | 1 | January 14, 2025 |
| October 2026 | $35,800,000 | 1 | January 7, 2026 |

Regulatory assets under management: $29,300,000 in the October 2021 data and $35,800,000 in the October 2026 data, up 22%.
Total employees: 1 in October 2021 and 1 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bertolet Capital LLC (CRD 125121): Form ADV filing data as of October 2026.