# Covey Capital Advisors, LLC

> Covey Capital Advisors, LLC is an SEC-registered investment advisory firm in Atlanta, GA, registered since 2010, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 3, 2026.

- CRD: 151978
- Filed as: COVEY CAPITAL ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Atlanta, GA
- Filing period: October 2026
- Form ADV filing dated: February 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/151978
- AdvisorCensus page: https://advisorcensus.com/firm/covey-capital-advisors-llc-atlanta-ga-151978

## Quick answers

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

**What does Covey Capital Advisors, LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated February 3, 2026 states: Asset-based fee: 1% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Covey Capital Advisors, LLC located?**
Covey Capital Advisors, LLC's principal office is in Atlanta, GA, according to its Form ADV.

**Is Covey Capital Advisors, LLC registered with the SEC or a state?**
Covey Capital Advisors, LLC is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 151978.

**How much does Covey Capital Advisors, LLC manage?**
Covey Capital Advisors, LLC reports $156,459,403 in regulatory assets under management in its Form ADV filing dated February 3, 2026 (100% discretionary).

**How have Covey Capital Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Covey Capital Advisors, LLC: Regulatory assets under management: $142,189,017 in the October 2021 data and $156,459,403 in the October 2026 data, up 10%. Total employees: 3 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 Covey Capital Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (28).

**Which custodians does Covey Capital Advisors, LLC use?**
Covey Capital Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of America - Trust Operations and Charles Schwab & Co., Inc. as custodians holding 10% or more of its separately managed account assets.

**Does Covey Capital Advisors, 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/151978

**Does Covey Capital Advisors, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated February 3, 2026 says: "With some exceptions, the minimum portfolio value eligible for such investment advisory services is $1,000,000."

**What changed in Covey Capital Advisors, LLC's recent Form ADV filings?**
In the December 2025 filing data: Employees performing advisory functions went from 2 to 1. Updated its list of owners and control persons (Schedule A).

## 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 February 3, 2026)

- Asset-based fee: 1% of assets a year

> Clients pay a management fee at the rate of 1.0% per annum of the net asset value of the account, for Covey Capital’s investment management and administrative services (the “Management Fee”).

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> With some exceptions, the minimum portfolio value eligible for such investment advisory services is $1,000,000.

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

### Custodians (Schedule D, Section 5.K(3))
- Bank of America - Trust Operations
- Charles Schwab & Co., Inc.

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: $156,459,403
- Discretionary: $156,459,403
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $319,454 |
| High net worth individuals | 28 | $148,480,523 |
| Charitable organizations | Fewer than 5 | $4,793,321 |
| Other investment advisers | Fewer than 5 | $2,866,105 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2010 (16 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: GA
- 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 | $142,189,017 | 3 | March 24, 2021 |
| October 2022 | $168,995,287 | 3 | March 30, 2022 |
| October 2023 | $147,442,798 | 3 | March 24, 2023 |
| October 2024 | $167,157,461 | 2 | June 17, 2024 |
| October 2025 | $152,761,206 | 2 | March 20, 2025 |
| October 2026 | $156,459,403 | 1 | February 3, 2026 |

Regulatory assets under management: $142,189,017 in the October 2021 data and $156,459,403 in the October 2026 data, up 10%.
Total employees: 3 in October 2021 and 1 in October 2026.

## Changes in the filing (last 12 months)

### December 2025
- Employees performing advisory functions went from 2 to 1.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Covey Capital Advisors, LLC (CRD 151978): Form ADV filing data as of October 2026.