# DRH Investments, Inc.

> DRH Investments, Inc. is an SEC-registered investment advisory firm in Thousand Oaks, CA, registered since 2019, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 164945
- Filed as: DRH INVESTMENTS, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Thousand Oaks, CA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/164945
- AdvisorCensus page: https://advisorcensus.com/firm/drh-investments-inc-thousand-oaks-ca-164945

## Quick answers

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

**Where is DRH Investments, Inc. located?**
DRH Investments, Inc.'s principal office is in Thousand Oaks, CA, according to its Form ADV.

**Is DRH Investments, Inc. registered with the SEC or a state?**
DRH Investments, Inc. is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 164945.

**How much does DRH Investments, Inc. manage?**
DRH Investments, Inc. reports $190,957,928 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have DRH Investments, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for DRH Investments, Inc.: Regulatory assets under management: $217,178,140 in the October 2021 data and $190,957,928 in the October 2026 data, down 12%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does DRH Investments, Inc. serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (82); individuals (other than high net worth individuals) (12); pension and profit sharing plans (but not the plan participants or government pension plans) (7).

**Which custodians does DRH Investments, Inc. use?**
DRH Investments, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does DRH Investments, Inc. 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/164945

**Does DRH Investments, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated March 30, 2026 says: "DRHI generally requires a minimum initial investment of $ 1,000,000 to open an account or group of related accounts."

**What changed in DRH Investments, Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $159,004,345 to $190,957,928 (+20%).

## 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 30, 2026)

- Account minimum: $1,000,000

> DRHI generally requires a minimum initial investment of $ 1,000,000 to open an account or group of related accounts.

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

### Custodians (Schedule D, Section 5.K(3))
- National Financial Services 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: $190,957,928
- Discretionary: $190,957,928
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 12 | $742,975 |
| High net worth individuals | 82 | $173,730,784 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 7 | $11,593,217 |
| Charitable organizations | Fewer than 5 | $253,395 |
| Other investment advisers | Fewer than 5 | $4,637,557 |

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

### Firm details
- Registered since: 2019 (7 years)
- Employees: 4 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $217,178,140 | 4 | June 3, 2021 |
| October 2022 | $233,617,144 | 4 | March 30, 2022 |
| October 2023 | $190,027,622 | 4 | March 31, 2023 |
| October 2024 | $179,526,037 | 4 | January 30, 2024 |
| October 2025 | $159,004,345 | 4 | March 28, 2025 |
| October 2026 | $190,957,928 | 4 | March 30, 2026 |

Regulatory assets under management: $217,178,140 in the October 2021 data and $190,957,928 in the October 2026 data, down 12%.
Total employees: 4 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $159,004,345 to $190,957,928 (+20%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. DRH Investments, Inc. (CRD 164945): Form ADV filing data as of October 2026.