{
  "crd_number": 269897,
  "slug": "birnam-wood-capital-llc-dallas-tx-269897",
  "primary_business_name": "BIRNAM WOOD CAPITAL, LLC",
  "legal_name": "BIRNAM WOOD CAPITAL, LLC",
  "dbas": [],
  "city": "Dallas",
  "state": "TX",
  "country": "United States",
  "cbsa_code": "19100",
  "metro": {
    "cbsa_code": "19100",
    "common_name": "Dallas",
    "msa_name": "Dallas-Fort Worth-Arlington, TX",
    "path": "/advisors/tx/dallas"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2020-02-28",
  "years_registered": 6,
  "period": "2026-10-01",
  "filing_date": "2026-09-23",
  "carried_forward": false,
  "raum_total": 106127018.0,
  "raum_discretionary": 0.0,
  "raum_non_discretionary": 106127018.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 2,
  "advisory_employees": 1,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 31954868.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 71311710.0,
      "count": 51
    },
    "corporations_other_businesses": {
      "raum": 2860440.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "TX"
  ],
  "websites": [
    "https://birnamwood-capital.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/269897",
  "city_as_filed": "DALLAS",
  "url": "https://advisorcensus.com/firm/birnam-wood-capital-llc-dallas-tx-269897",
  "display_name": "Birnam Wood Capital, LLC",
  "summary": "Birnam Wood Capital, LLC is an SEC-registered investment advisory firm in Dallas, TX, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 23, 2026.",
  "citation": "AdvisorCensus. Birnam Wood Capital, LLC (CRD 269897): 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 individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Birnam Wood Capital, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Birnam Wood Capital, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "How much does Birnam Wood Capital, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: up to 1.25% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Birnam Wood Capital, LLC located?",
      "a": "Birnam Wood Capital, LLC's principal office is in Dallas, TX, according to its Form ADV."
    },
    {
      "q": "Is Birnam Wood Capital, LLC registered with the SEC or a state?",
      "a": "Birnam Wood Capital, LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 269897."
    },
    {
      "q": "How much does Birnam Wood Capital, LLC manage?",
      "a": "Birnam Wood Capital, LLC reports $106,127,018 in regulatory assets under management in its Form ADV filing dated September 23, 2026 (0% discretionary)."
    },
    {
      "q": "How have Birnam Wood Capital, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Birnam Wood Capital, LLC: Regulatory assets under management: $121,916,019 in the October 2021 data and $106,127,018 in the October 2026 data, down 13%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Birnam Wood Capital, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (51)."
    },
    {
      "q": "Which custodians does Birnam Wood Capital, LLC use?",
      "a": "Birnam Wood Capital, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Inspira Financial as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Birnam Wood Capital, 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/269897"
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 121916019.0,
      "total_employees": 2,
      "filing_date": "2021-02-03"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 145441369.0,
      "total_employees": 2,
      "filing_date": "2022-02-17"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 107966478.0,
      "total_employees": 3,
      "filing_date": "2023-09-15"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 105512301.0,
      "total_employees": 2,
      "filing_date": "2024-03-11"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 107516599.0,
      "total_employees": 2,
      "filing_date": "2025-02-11"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 106127018.0,
      "total_employees": 2,
      "filing_date": "2026-09-23"
    }
  ],
  "recent_changes": [],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "1.25% of assets a year",
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 1.25% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "The maximum annual fee charged for this service will not exceed 1.25% of the Client’s Assets Under Management."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": 1.25,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The maximum annual fee charged for this service will not exceed 1.25% of the Client’s Assets Under Management."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Inspira Financial",
      "name_as_filed": "INSPIRA FINANCIAL",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/birnam-wood-capital-llc-dallas-tx-269897.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 51,
      "fewer_than_5": false,
      "raum": 71311710.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 31954868.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 2860440.0
    }
  ],
  "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/269897",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}