# MIG Capital, LLC

> MIG Capital, LLC is an SEC-registered investment advisory firm in Newport Beach, CA, registered since 2012, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 12, 2026.

- CRD: 160782
- Filed as: MIG CAPITAL, LLC
- Also doing business as: MIG CAPITAL ADVISORS, LLC (RELYING ADVISER)
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Newport Beach, CA
- Filing period: October 2026
- Form ADV filing dated: March 12, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/160782
- AdvisorCensus page: https://advisorcensus.com/firm/mig-capital-llc-newport-beach-ca-160782

## Quick answers

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

**Is MIG Capital, LLC registered with the SEC or a state?**
MIG Capital, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160782.

**How much does MIG Capital, LLC manage?**
MIG Capital, LLC reports $589,549,983 in regulatory assets under management in its Form ADV filing dated March 12, 2026 (100% discretionary).

**How have MIG Capital, LLC's assets and staff changed since 2021?**
In the Form ADV data for MIG Capital, LLC: Regulatory assets under management: $1,661,012,644 in the October 2021 data and $589,549,983 in the October 2026 data, down 65%. Total employees: 14 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does MIG Capital, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Does MIG 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/160782

**What changed in MIG Capital, LLC's recent Form ADV filings?**
In the April 2026 filing data: 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

### Regulatory assets under management (Item 5.F)
- Total: $589,549,983
- Discretionary: $589,549,983
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $589,549,983 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 3 total, 1 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)
- migcap.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,661,012,644 | 14 | March 30, 2021 |
| October 2022 | $1,380,451,664 | 12 | May 17, 2022 |
| October 2023 | $859,643,705 | 8 | March 20, 2023 |
| October 2024 | $1,185,175,375 | 6 | March 19, 2024 |
| October 2025 | $1,048,708,835 | 6 | March 21, 2025 |
| October 2026 | $589,549,983 | 3 | March 12, 2026 |

Regulatory assets under management: $1,661,012,644 in the October 2021 data and $589,549,983 in the October 2026 data, down 65%.
Total employees: 14 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Updated its list of owners and control persons (Schedule A).

### March 2026
- Employees performing advisory functions went from 4 to 1.
- Regulatory assets under management went from $1,048,708,835 to $589,549,983 (-44%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. MIG Capital, LLC (CRD 160782): Form ADV filing data as of October 2026.