# Empirical Capital Management, LLC

> Empirical Capital Management, LLC is an SEC-registered investment advisory firm in Hendersonville, TN, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 17, 2026.

- CRD: 160509
- Filed as: EMPIRICAL CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Hendersonville, TN
- Filing period: October 2026
- Form ADV filing dated: September 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/160509
- AdvisorCensus page: https://advisorcensus.com/firm/empirical-capital-management-llc-hendersonville-tn-160509

## Quick answers

**How is Empirical Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Empirical Capital 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 Empirical Capital Management, LLC located?**
Empirical Capital Management, LLC's principal office is in Hendersonville, TN, according to its Form ADV.

**Is Empirical Capital Management, LLC registered with the SEC or a state?**
Empirical Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 160509.

**How much does Empirical Capital Management, LLC manage?**
Empirical Capital Management, LLC reports $152,663,331 in regulatory assets under management in its Form ADV filing dated September 17, 2026 (100% discretionary).

**What types of clients does Empirical Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does Empirical Capital 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/160509

**What changed in Empirical Capital Management, LLC's recent Form ADV filings?**
In the March 2026 filing data: 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

### Regulatory assets under management (Item 5.F)
- Total: $152,663,331
- Discretionary: $152,663,331
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $152,663,331 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2026 (0 years)
- Employees: 4 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | March 31, 2021 |
| October 2022 | Not reported | Not reported | March 31, 2022 |
| October 2023 | Not reported | Not reported | March 31, 2023 |
| October 2024 | Not reported | Not reported | April 4, 2024 |
| October 2025 | Not reported | Not reported | March 31, 2025 |
| October 2026 | $152,663,331 | 4 | September 17, 2026 |


## Changes in the filing (last 12 months)

### March 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Empirical Capital Management, LLC (CRD 160509): Form ADV filing data as of October 2026.