# Bertram Capital Management LLC

> 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.

- CRD: 156920
- Filed as: BERTRAM CAPITAL MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Foster City, CA
- Filing period: October 2026
- Form ADV filing dated: June 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/156920
- AdvisorCensus page: https://advisorcensus.com/firm/bertram-capital-management-llc-foster-city-ca-156920

## Quick answers

**How is Bertram Capital Management LLC compensated?**
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.

**Where is Bertram Capital Management LLC located?**
Bertram Capital Management LLC's principal office is in Foster City, CA, according to its Form ADV.

**Is Bertram Capital Management LLC registered with the SEC or a state?**
Bertram Capital Management LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 156920.

**How much does Bertram Capital Management LLC manage?**
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).

**How have Bertram Capital Management LLC's assets and staff changed since 2021?**
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.

**What types of clients does Bertram 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) (9).

**Does Bertram 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/156920

**Does Bertram Capital Management LLC state an account minimum?**
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."

**What changed in Bertram Capital Management LLC's recent Form ADV filings?**
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%).

## 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 June 1, 2026)

- Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)

> 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.

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

### Regulatory assets under management (Item 5.F)
- Total: $4,426,980,618
- Discretionary: $4,426,980,618
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 9 | $4,426,980,618 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2012 (14 years)
- Employees: 46 total, 30 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- bertramcapital.com
- LinkedIn @BERTRAM-CAPITAL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,031,619,615 | 30 | July 27, 2021 |
| October 2022 | $1,796,822,469 | 32 | March 30, 2022 |
| October 2023 | $1,970,303,944 | 36 | March 30, 2023 |
| October 2024 | $3,524,525,041 | 40 | March 28, 2024 |
| October 2025 | $4,014,223,096 | 43 | March 28, 2025 |
| October 2026 | $4,426,980,618 | 46 | June 1, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bertram Capital Management LLC (CRD 156920): Form ADV filing data as of October 2026.