# Hildene Capital Management

> Hildene Capital Management is an SEC-registered investment advisory firm in Stamford, CT, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 27, 2026.

- CRD: 160415
- Filed as: HILDENE CAPITAL MANAGEMENT
- Legal name: Hildene Capital Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Stamford, CT
- Filing period: October 2026
- Form ADV filing dated: April 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/160415
- AdvisorCensus page: https://advisorcensus.com/firm/hildene-capital-management-stamford-ct-160415

## Quick answers

**How is Hildene Capital Management compensated?**
On its Form ADV (Item 5.E, October 2026), Hildene Capital Management 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 Hildene Capital Management located?**
Hildene Capital Management's principal office is in Stamford, CT, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Hildene Capital Management registered with the SEC or a state?**
Hildene Capital Management is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160415.

**How much does Hildene Capital Management manage?**
Hildene Capital Management reports $20,183,115,317 in regulatory assets under management in its Form ADV filing dated April 27, 2026 (100% discretionary).

**How have Hildene Capital Management's assets and staff changed since 2021?**
In the Form ADV data for Hildene Capital Management: Regulatory assets under management: $13,239,532,779 in the October 2021 data and $20,183,115,317 in the October 2026 data, up 52%. Total employees: 30 in October 2021 and 33 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Hildene Capital Management serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (76); insurance companies (6).

**Which custodians does Hildene Capital Management use?**
Hildene Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists State Street and U.S. Bank as custodians holding 10% or more of its separately managed account assets.

**Does Hildene Capital Management 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/160415

**What changed in Hildene Capital Management's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 16 to 18. Regulatory assets under management went from $17,308,126,716 to $20,183,115,317 (+17%). Added an office in Durham, NC. Registered or notice-filed in NC. 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

### Custodians (Schedule D, Section 5.K(3))
- State Street
- U.S. Bank

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: $20,183,115,317
- Discretionary: $20,173,910,122
- Non-discretionary: $9,205,195

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Not reported | $0 |
| High net worth individuals | Not reported | $0 |
| Banking or thrift institutions | Not reported | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 76 | $12,517,004,293 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Not reported | $0 |
| Charitable organizations | Not reported | $0 |
| State or municipal government entities (including government pension plans) | Not reported | $0 |
| Insurance companies | 6 | $6,849,605,454 |
| Sovereign wealth funds and foreign official institutions | Not reported | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $786,328,258 |
| Other | Fewer than 5 | $30,177,312 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2012 (14 years)
- Employees: 33 total, 18 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT, NC
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Durham, NC

### Websites listed on Form ADV (Item 1.I)
- hildenecap.com
- hildenecdo.com
- LinkedIn @HILDENE-CAPITAL-MANAGEMENT

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $13,239,532,779 | 30 | May 21, 2021 |
| October 2022 | $12,933,972,925 | 33 | April 12, 2022 |
| October 2023 | $14,645,382,551 | 32 | August 15, 2023 |
| October 2024 | $14,148,221,834 | 29 | August 20, 2024 |
| October 2025 | $17,308,126,716 | 31 | April 10, 2025 |
| October 2026 | $20,183,115,317 | 33 | April 27, 2026 |

Regulatory assets under management: $13,239,532,779 in the October 2021 data and $20,183,115,317 in the October 2026 data, up 52%.
Total employees: 30 in October 2021 and 33 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 16 to 18.
- Regulatory assets under management went from $17,308,126,716 to $20,183,115,317 (+17%).
- Added an office in Durham, NC.
- Registered or notice-filed in NC.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Hildene Capital Management (CRD 160415): Form ADV filing data as of October 2026.