# Birchview Capital, LP

> Birchview Capital, LP is an SEC-registered investment advisory firm in Burlington, VT, registered since 2014, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 170534
- Filed as: BIRCHVIEW CAPITAL, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Burlington, VT
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/170534
- AdvisorCensus page: https://advisorcensus.com/firm/birchview-capital-lp-burlington-vt-170534

## Quick answers

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

**How much does Birchview Capital, LP charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 1.5% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Birchview Capital, LP located?**
Birchview Capital, LP's principal office is in Burlington, VT, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Birchview Capital, LP registered with the SEC or a state?**
Birchview Capital, LP is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 170534.

**How much does Birchview Capital, LP manage?**
Birchview Capital, LP reports $239,112,096 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Birchview Capital, LP's assets and staff changed since 2021?**
In the Form ADV data for Birchview Capital, LP: Regulatory assets under management: $246,162,895 in the October 2021 data and $239,112,096 in the October 2026 data, down 3%. Total employees: 4 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Birchview Capital, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (12).

**Which custodians does Birchview Capital, LP use?**
Birchview Capital, LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Goldman Sachs & Co. LLC and Morgan Stanley as custodians holding 10% or more of its separately managed account assets.

**Does Birchview Capital, LP 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/170534

**What changed in Birchview Capital, LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 4 to 5. Regulatory assets under management went from $183,068,552 to $239,112,096 (+31%).

## 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 31, 2026)

- Asset-based fee: 1.5% of assets a year

> In certain instances, Birchview receives an annual asset -based management fee calculated as a percentage of each Investor’s capital account, payable quarterly in arrears. The management fee is generally 1.5% per year.

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

### Custodians (Schedule D, Section 5.K(3))
- Goldman Sachs & Co. LLC
- Morgan Stanley

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $239,112,096
- Discretionary: $239,112,096
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $720,538 |
| High net worth individuals | Fewer than 5 | $126,111,779 |
| 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) | 12 | $112,279,779 |
| 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 individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2014 (12 years)
- Employees: 6 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA, VT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Boston, MA

### Websites listed on Form ADV (Item 1.I)
- birchviewcapital.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $246,162,895 | 4 | September 29, 2021 |
| October 2022 | $231,455,662 | 4 | March 17, 2022 |
| October 2023 | $210,506,714 | 5 | August 21, 2023 |
| October 2024 | $188,066,895 | 3 | April 5, 2024 |
| October 2025 | $183,068,552 | 5 | March 28, 2025 |
| October 2026 | $239,112,096 | 6 | March 31, 2026 |

Regulatory assets under management: $246,162,895 in the October 2021 data and $239,112,096 in the October 2026 data, down 3%.
Total employees: 4 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 4 to 5.
- Regulatory assets under management went from $183,068,552 to $239,112,096 (+31%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Birchview Capital, LP (CRD 170534): Form ADV filing data as of October 2026.