# Endeavour Capital

> Endeavour Capital is an SEC-registered investment advisory firm in Portland, OR, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 160800
- Filed as: ENDEAVOUR CAPITAL
- Legal name: DVSM, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Portland, OR
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/160800
- AdvisorCensus page: https://advisorcensus.com/firm/endeavour-capital-portland-or-160800

## Quick answers

**How is Endeavour Capital compensated?**
On its Form ADV (Item 5.E, October 2026), Endeavour Capital 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 Endeavour Capital located?**
Endeavour Capital's principal office is in Portland, OR, according to its Form ADV; the April 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is Endeavour Capital registered with the SEC or a state?**
Endeavour Capital is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160800.

**How much does Endeavour Capital manage?**
Endeavour Capital reports $1,888,425,414 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Endeavour Capital's assets and staff changed since 2021?**
In the Form ADV data for Endeavour Capital: Regulatory assets under management: $2,661,596,308 in the October 2021 data and $1,888,425,414 in the October 2026 data, down 29%. Total employees: 23 in October 2021 and 24 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Endeavour Capital serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6).

**Does Endeavour Capital 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/160800

**What changed in Endeavour Capital's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 18 to 16. Regulatory assets under management went from $2,131,210,758 to $1,888,425,414 (-11%).

## 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: $1,888,425,414
- Discretionary: $1,888,425,414
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $1,888,425,414 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | Not reported |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 24 total, 16 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, OR, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Denver, CO
- Los Angeles, CA
- Seattle, WA

### Websites listed on Form ADV (Item 1.I)
- [endeavour.com](https://endeavour.com)
- LinkedIn @ENDEAVOUR-CAPITAL_2

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,661,596,308 | 23 | March 31, 2021 |
| October 2022 | $2,439,276,959 | 23 | June 24, 2022 |
| October 2023 | $2,149,730,373 | 25 | March 31, 2023 |
| October 2024 | $2,159,591,898 | 23 | March 28, 2024 |
| October 2025 | $2,131,210,758 | 25 | March 28, 2025 |
| October 2026 | $1,888,425,414 | 24 | March 27, 2026 |

Regulatory assets under management: $2,661,596,308 in the October 2021 data and $1,888,425,414 in the October 2026 data, down 29%.
Total employees: 23 in October 2021 and 24 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 18 to 16.
- Regulatory assets under management went from $2,131,210,758 to $1,888,425,414 (-11%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Endeavour Capital (CRD 160800): Form ADV filing data as of October 2026.