{
  "crd_number": 156920,
  "slug": "bertram-capital-management-llc-foster-city-ca-156920",
  "primary_business_name": "BERTRAM CAPITAL MANAGEMENT LLC",
  "legal_name": "BERTRAM CAPITAL MANAGEMENT LLC",
  "dbas": [],
  "city": "Foster City",
  "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": "2012-02-28",
  "years_registered": 14,
  "period": "2026-10-01",
  "filing_date": "2026-06-01",
  "carried_forward": false,
  "raum_total": 4426980618.0,
  "raum_discretionary": 4426980618.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 46,
  "advisory_employees": 30,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 4426980618.0,
      "count": 9
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL"
  ],
  "websites": [
    "https://bertramcapital.com",
    "https://linkedin.com/COMPANY/BERTRAM-CAPITAL"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/156920",
  "city_as_filed": "FOSTER CITY",
  "url": "https://advisorcensus.com/firm/bertram-capital-management-llc-foster-city-ca-156920",
  "display_name": "Bertram Capital Management LLC",
  "summary": "Bertram Capital Management LLC is an SEC-registered investment advisory firm in Foster City, CA, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 1, 2026.",
  "citation": "AdvisorCensus. Bertram Capital Management LLC (CRD 156920): 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)"
  ],
  "quick_answers": [
    {
      "q": "How is Bertram Capital Management LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Bertram Capital Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Bertram Capital Management LLC located?",
      "a": "Bertram Capital Management LLC's principal office is in Foster City, CA, according to its Form ADV."
    },
    {
      "q": "Is Bertram Capital Management LLC registered with the SEC or a state?",
      "a": "Bertram Capital Management LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 156920."
    },
    {
      "q": "How much does Bertram Capital Management LLC manage?",
      "a": "Bertram Capital Management LLC reports $4,426,980,618 in regulatory assets under management in its Form ADV filing dated June 1, 2026 (100% discretionary)."
    },
    {
      "q": "How have Bertram Capital Management LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Bertram Capital Management LLC: Regulatory assets under management: $2,031,619,615 in the October 2021 data and $4,426,980,618 in the October 2026 data, up 118%. Total employees: 30 in October 2021 and 46 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Bertram 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) (9)."
    },
    {
      "q": "Does Bertram Capital Management LLC report any disciplinary disclosures?",
      "a": "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/156920"
    },
    {
      "q": "Does Bertram Capital Management LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated June 1, 2026 says: \"The Funds generally have a minimum investment amount of $5 million for third- party investors, which each Fund’s General Partner has the right to waive.\""
    },
    {
      "q": "What changed in Bertram Capital Management LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 29 to 30. Regulatory assets under management went from $4,014,223,096 to $4,426,980,618 (+10%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 2031619615.0,
      "total_employees": 30,
      "filing_date": "2021-07-27"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1796822469.0,
      "total_employees": 32,
      "filing_date": "2022-03-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1970303944.0,
      "total_employees": 36,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 3524525041.0,
      "total_employees": 40,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 4014223096.0,
      "total_employees": 43,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 4426980618.0,
      "total_employees": 46,
      "filing_date": "2026-06-01"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 29 to 30.",
        "Regulatory assets under management went from $4,014,223,096 to $4,426,980,618 (+10%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated June 1, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$5,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "The Funds generally have a minimum investment amount of $5 million for third- party investors, which each Fund’s General Partner has the right to waive."
        ]
      }
    ],
    "quotes": [
      "The Funds generally have a minimum investment amount of $5 million for third- party investors, which each Fund’s General Partner has the right to waive."
    ],
    "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/bertram-capital-management-llc-foster-city-ca-156920.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 9,
      "fewer_than_5": false,
      "raum": 4426980618.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "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/156920",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}