# Fall Line Capital, LLC

> Fall Line Capital, LLC is an SEC-registered investment advisory firm in San Mateo, CA, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 29, 2026.

- CRD: 283625
- Filed as: FALL LINE CAPITAL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Mateo, CA
- Filing period: October 2026
- Form ADV filing dated: April 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/283625
- AdvisorCensus page: https://advisorcensus.com/firm/fall-line-capital-llc-san-mateo-ca-283625

## Quick answers

**How is Fall Line Capital, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Fall Line Capital, 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 Fall Line Capital, LLC located?**
Fall Line Capital, LLC's principal office is in San Mateo, CA, according to its Form ADV.

**Is Fall Line Capital, LLC registered with the SEC or a state?**
Fall Line Capital, LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 283625.

**How much does Fall Line Capital, LLC manage?**
Fall Line Capital, LLC reports $332,450,000 in regulatory assets under management in its Form ADV filing dated April 29, 2026 (100% discretionary).

**How have Fall Line Capital, LLC's assets and staff changed since 2021?**
In the Form ADV data for Fall Line Capital, LLC: Regulatory assets under management: $324,298,977 in the October 2021 data and $332,450,000 in the October 2026 data, up 3%. Total employees: 13 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Fall Line Capital, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).

**Does Fall Line Capital, 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/283625

**What changed in Fall Line Capital, LLC's recent Form ADV filings?**
In the May 2026 filing data: Regulatory assets under management went from $479,000,000 to $332,450,000 (-31%).

## 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: $332,450,000
- Discretionary: $332,450,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $332,450,000 |

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

### Firm details
- Registered since: 2020 (6 years)
- Employees: 12 total, 10 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- fall-line-capital.com
- LinkedIn @fall-line-capital
- X @FallLineCapital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $324,298,977 | 13 | April 9, 2021 |
| October 2022 | $600,458,337 | 19 | June 13, 2022 |
| October 2023 | $555,756,938 | 17 | May 30, 2023 |
| October 2024 | $484,349,626 | 11 | June 6, 2024 |
| October 2025 | $518,000,000 | 12 | March 18, 2025 |
| October 2026 | $332,450,000 | 12 | April 29, 2026 |

Regulatory assets under management: $324,298,977 in the October 2021 data and $332,450,000 in the October 2026 data, up 3%.
Total employees: 13 in October 2021 and 12 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Regulatory assets under management went from $479,000,000 to $332,450,000 (-31%).

### April 2026
- Employees performing advisory functions went from 9 to 10.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fall Line Capital, LLC (CRD 283625): Form ADV filing data as of October 2026.