# Crescat Portfolio Management LLC

> Crescat Portfolio Management LLC is an SEC-registered investment advisory firm in Denver, CO, registered since 2008, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 139620
- Filed as: CRESCAT PORTFOLIO MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Denver, CO
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/139620
- AdvisorCensus page: https://advisorcensus.com/firm/crescat-portfolio-management-llc-denver-co-139620

## Quick answers

**How is Crescat Portfolio Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Crescat Portfolio Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Crescat Portfolio Management LLC located?**
Crescat Portfolio Management LLC's principal office is in Denver, CO, according to its Form ADV.

**Is Crescat Portfolio Management LLC registered with the SEC or a state?**
Crescat Portfolio Management LLC is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 139620.

**How much does Crescat Portfolio Management LLC manage?**
Crescat Portfolio Management LLC reports $536,060,213 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Crescat Portfolio Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Crescat Portfolio Management LLC: Regulatory assets under management: $209,869,748 in the October 2021 data and $536,060,213 in the October 2026 data, up 155%. Total employees: 10 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Crescat Portfolio Management LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (78); high net worth individuals (23); pooled investment vehicles (other than investment companies and business development companies) (16).

**Which custodians does Crescat Portfolio Management LLC use?**
Crescat Portfolio Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Axos Clearing LLC and Interactive Brokers LLC as custodians holding 10% or more of its separately managed account assets.

**Does Crescat Portfolio 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/139620

**What changed in Crescat Portfolio Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $223,772,565 to $536,060,213 (+140%). Employees performing advisory functions went from 7 to 6. 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
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Axos Clearing LLC
- Interactive Brokers LLC

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: $536,060,213
- Discretionary: $536,060,213
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 78 | $9,760,464 |
| High net worth individuals | 23 | $9,079,607 |
| Pooled investment vehicles (other than investment companies and business development companies) | 16 | $505,285,414 |
| Charitable organizations | 1 | $1,148,762 |
| Other investment advisers | 1 | $10,785,966 |

### 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: 2008 (18 years)
- Employees: 10 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, IL, NH, NY, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- crescat.net
- LinkedIn @1710968
- LinkedIn @crescatkevin
- X @CRESCATKEVIN
- X @CRESCAT_CAPITAL
- YouTube @UC5xZQPnkw1zsrpYpHenaWBw

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $209,869,748 | 10 | September 29, 2021 |
| October 2022 | $393,139,452 | 10 | May 16, 2022 |
| October 2023 | $354,685,690 | 10 | March 29, 2023 |
| October 2024 | $273,769,442 | 14 | March 27, 2024 |
| October 2025 | $223,772,565 | 11 | March 24, 2025 |
| October 2026 | $536,060,213 | 10 | March 27, 2026 |

Regulatory assets under management: $209,869,748 in the October 2021 data and $536,060,213 in the October 2026 data, up 155%.
Total employees: 10 in October 2021 and 10 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $223,772,565 to $536,060,213 (+140%).
- Employees performing advisory functions went from 7 to 6.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Crescat Portfolio Management LLC (CRD 139620): Form ADV filing data as of October 2026.