# Kellner Capital Management, Inc.

> Kellner Capital Management, Inc. is a state-registered investment advisory firm in Philadelphia, PA, registered since 2012, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated February 3, 2026.

- CRD: 121573
- Filed as: KELLNER CAPITAL MANAGEMENT, INC.
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: Philadelphia, PA
- Filing period: October 2026
- Form ADV filing dated: February 3, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/121573
- AdvisorCensus page: https://advisorcensus.com/firm/kellner-capital-management-inc-philadelphia-pa-121573

## Quick answers

**How is Kellner Capital Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Kellner Capital Management, Inc. reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Kellner Capital Management, Inc. located?**
Kellner Capital Management, Inc.'s principal office is in Philadelphia, PA, according to its Form ADV.

**Is Kellner Capital Management, Inc. registered with the SEC or a state?**
Kellner Capital Management, Inc. is a state-registered investment advisory firm, registered since 2012. Status as filed: APPROVED. CRD 121573.

**How much does Kellner Capital Management, Inc. manage?**
Kellner Capital Management, Inc. reports $56,284,316 in regulatory assets under management in its Form ADV filing dated February 3, 2026 (100% discretionary).

**What types of clients does Kellner Capital Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (66); high net worth individuals (9).

**Does Kellner 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 public record on IAPD: https://adviserinfo.sec.gov/firm/summary/121573

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Regulatory assets under management (Item 5.F)
- Total: $56,284,316
- Discretionary: $56,284,316
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 66 | $36,644,919 |
| High net worth individuals | 9 | $19,305,818 |
| Corporations or other businesses not listed above | Fewer than 5 | $333,579 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2012 (14 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: PA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Kellner Capital Management, Inc. (CRD 121573): Form ADV filing data as of October 2026.