# Minneapolis Portfolio Management Group, LLC

> Minneapolis Portfolio Management Group, LLC is an SEC-registered investment advisory firm in Wayzata, MN, registered since 2004, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 10, 2026.

- CRD: 129963
- Filed as: MINNEAPOLIS PORTFOLIO MANAGEMENT GROUP, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Wayzata, MN
- Filing period: October 2026
- Form ADV filing dated: March 10, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/129963
- AdvisorCensus page: https://advisorcensus.com/firm/minneapolis-portfolio-management-group-llc-wayzata-mn-129963

## Quick answers

**How is Minneapolis Portfolio Management Group, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Minneapolis Portfolio Management Group, LLC reports these compensation arrangements: a percentage of assets under its management.

**Where is Minneapolis Portfolio Management Group, LLC located?**
Minneapolis Portfolio Management Group, LLC's principal office is in Wayzata, MN, according to its Form ADV.

**Is Minneapolis Portfolio Management Group, LLC registered with the SEC or a state?**
Minneapolis Portfolio Management Group, LLC is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 129963.

**How much does Minneapolis Portfolio Management Group, LLC manage?**
Minneapolis Portfolio Management Group, LLC reports $1,101,364,418 in regulatory assets under management in its Form ADV filing dated March 10, 2026 (93% discretionary).

**How have Minneapolis Portfolio Management Group, LLC's assets and staff changed since 2021?**
In the Form ADV data for Minneapolis Portfolio Management Group, LLC: Regulatory assets under management: $941,249,545 in the October 2021 data and $1,101,364,418 in the October 2026 data, up 17%. Total employees: 9 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Minneapolis Portfolio Management Group, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,129); high net worth individuals (603); pension and profit sharing plans (but not the plan participants or government pension plans) (67).

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

**Does Minneapolis Portfolio Management Group, 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/129963

**Does Minneapolis Portfolio Management Group, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 10, 2026 says: "MPMG generally requires a minimum account size of $ 500,000, subject to waiver on a case -by-case basis by MPMG in its sole discretion."

**What changed in Minneapolis Portfolio Management Group, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $900,615,846 to $1,101,364,418 (+22%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 10, 2026)

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> MPMG generally requires a minimum account size of $ 500,000, subject to waiver on a case -by-case basis by MPMG in its sole discretion.

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

### Custodians (Schedule D, Section 5.K(3))
- 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: $1,101,364,418
- Discretionary: $1,029,463,692
- Non-discretionary: $71,900,726

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,129 | $258,664,147 |
| High net worth individuals | 603 | $697,752,887 |
| Banking or thrift institutions | 0 | $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) | 67 | $50,429,368 |
| Charitable organizations | 16 | $67,193,817 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 15 | $27,324,199 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2004 (22 years)
- Employees: 9 total, 3 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AL, AZ, CA, CO, CT, FL, GA, HI, IA, ID, IL, IN, KS, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- mpmgllc.com
- LinkedIn @MINNEAPOLIS-PORTFOLIO-MANAGEMENT-GROUP-LLC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $941,249,545 | 9 | March 9, 2021 |
| October 2022 | $1,079,902,162 | 9 | March 7, 2022 |
| October 2023 | $824,921,589 | 9 | March 21, 2023 |
| October 2024 | $888,960,409 | 9 | September 3, 2024 |
| October 2025 | $900,615,846 | 9 | March 18, 2025 |
| October 2026 | $1,101,364,418 | 9 | March 10, 2026 |

Regulatory assets under management: $941,249,545 in the October 2021 data and $1,101,364,418 in the October 2026 data, up 17%.
Total employees: 9 in October 2021 and 9 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $900,615,846 to $1,101,364,418 (+22%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Minneapolis Portfolio Management Group, LLC (CRD 129963): Form ADV filing data as of October 2026.