# Horrell Capital Management, Inc.

> Horrell Capital Management, Inc. is an SEC-registered investment advisory firm in Little Rock, AR, registered since 2006, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 3, 2026.

- CRD: 115711
- Filed as: HORRELL CAPITAL MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Little Rock, AR
- Filing period: October 2026
- Form ADV filing dated: March 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/115711
- AdvisorCensus page: https://advisorcensus.com/firm/horrell-capital-management-inc-little-rock-ar-115711

## Quick answers

**How is Horrell Capital Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Horrell Capital Management, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is Horrell Capital Management, Inc. located?**
Horrell Capital Management, Inc.'s principal office is in Little Rock, AR, according to its Form ADV.

**Is Horrell Capital Management, Inc. registered with the SEC or a state?**
Horrell Capital Management, Inc. is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 115711.

**How much does Horrell Capital Management, Inc. manage?**
Horrell Capital Management, Inc. reports $435,070,554 in regulatory assets under management in its Form ADV filing dated March 3, 2026 (59% discretionary).

**How have Horrell Capital Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Horrell Capital Management, Inc.: Regulatory assets under management: $352,722,183 in the October 2021 data and $435,070,554 in the October 2026 data, up 23%. Total employees: 1 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Horrell Capital Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (55); high net worth individuals (22); charitable organizations (3).

**Which custodians does Horrell Capital Management, Inc. use?**
Horrell Capital Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY and Charles Schwab & Co., Inc. as custodians holding 10% or more of its separately managed account assets.

**Does Horrell Capital Management, Inc. 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/115711

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 3, 2026)

- Minimum annual fee: $1,500

> The minimum fee per client is $1,500.00. This is a general condition for account acceptance; however, other factors may be considered which might allow a smaller account to be accepted at less than the minimum fee.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- BNY
- Charles Schwab & Co., Inc.

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: $435,070,554
- Discretionary: $258,144,413
- Non-discretionary: $176,926,141

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 55 | $7,612,884 |
| High net worth individuals | 22 | $220,131,086 |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $0 |
| Charitable organizations | 3 | $719,229 |
| State or municipal government entities (including government pension plans) | 1 | $206,607,355 |
| Other investment advisers | Fewer than 5 | $0 |
| Insurance companies | Fewer than 5 | $0 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $0 |
| Other | Fewer than 5 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2006 (20 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AR, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $352,722,183 | 1 | March 15, 2021 |
| October 2022 | $432,088,885 | 1 | March 3, 2022 |
| October 2023 | $394,962,810 | 1 | March 24, 2023 |
| October 2024 | $459,577,041 | 1 | March 14, 2024 |
| October 2025 | $454,201,138 | 1 | March 19, 2025 |
| October 2026 | $435,070,554 | 1 | March 3, 2026 |

Regulatory assets under management: $352,722,183 in the October 2021 data and $435,070,554 in the October 2026 data, up 23%.
Total employees: 1 in October 2021 and 1 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Horrell Capital Management, Inc. (CRD 115711): Form ADV filing data as of October 2026.