AdvisorCensus / Financial advisors / California / San Francisco / Greenstone Partners, LLC
Greenstone Partners, LLC is an SEC-registered investment advisory firm in Larkspur, CA, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 12, 2026.
Quick answers
From the filingHow is Greenstone Partners, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Greenstone Partners, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
What does Greenstone Partners, LLC's brochure say about its fees?
Its Form ADV Part 2A brochure dated June 12, 2026 states: Asset-based fee: 1% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Greenstone Partners, LLC located?
Greenstone Partners, LLC's principal office is in Larkspur, CA, according to its Form ADV.
Is Greenstone Partners, LLC registered with the SEC or a state?
Greenstone Partners, LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 136566.
How much does Greenstone Partners, LLC manage?
Greenstone Partners, LLC reports $499,304,934 in regulatory assets under management in its Form ADV filing dated June 12, 2026 (100% discretionary).
How have Greenstone Partners, LLC's assets and staff changed since 2021?
In the Form ADV data for Greenstone Partners, LLC: Regulatory assets under management: $219,736,003 in the October 2024 data and $499,304,934 in the October 2026 data, up 127%. Total employees: 6 in October 2024 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Greenstone Partners, LLC serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1).
Does Greenstone Partners, 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/136566
Does Greenstone Partners, LLC state an account minimum?
Its Form ADV Part 2A brochure dated June 12, 2026 says: "Investors in the Fund are generally required to invest a minimum of $5,000,000, but Greenstone may waive, and has waived, this minimum."
What changed in Greenstone Partners, LLC's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $426,277,674 to $499,304,934 (+17%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 1% of assets a year
The brochure's wording
As compensation, Greenstone typically charges a 1% annual management fee with respect to each investor in the Fund for both Class A and Class B investors, payable in quarterly installments at the beginning of each calendar quarter based on the net market value of each investor’s capital account balance on that date.
Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
Investors in the Fund are generally required to invest a minimum of $5,000,000, but Greenstone may waive, and has waived, this minimum.
As stated in the firm's Form ADV Part 2A brochure dated June 12, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$499,304,934 as of October 2026, filing dated June 12, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2024 (2 years)
- Employees
- Total: 5. Performing investment advisory functions: 3.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $499,304,934 | 5 | June 12, 2026 |
| October 2025 | $426,277,674 | 5 | May 1, 2025 |
| October 2024 | $219,736,003 | 6 | June 6, 2024 |
| October 2023 | Not reported | Not reported | March 16, 2023 |
| October 2022 | Not reported | Not reported | September 29, 2022 |
| October 2021 | Not reported | Not reported | March 30, 2021 |
Regulatory assets under management: $219,736,003 in the October 2024 data and $499,304,934 in the October 2026 data, up 127%.
Total employees: 6 in October 2024 and 5 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $426,277,674 to $499,304,934 (+17%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Greenstone Partners, LLC (CRD 136566): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/greenstone-partners-llc-larkspur-ca-136566