# Port Capital LLC

> Port Capital LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2015, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated February 19, 2026.

- CRD: 206517
- Filed as: PORT CAPITAL LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: February 19, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/206517
- AdvisorCensus page: https://advisorcensus.com/firm/port-capital-llc-chicago-il-206517

## Quick answers

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

**Where is Port Capital LLC located?**
Port Capital LLC's principal office is in Chicago, IL, according to its Form ADV.

**Is Port Capital LLC registered with the SEC or a state?**
Port Capital LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 206517.

**How much does Port Capital LLC manage?**
Port Capital LLC reports $2,853,919,639 in regulatory assets under management in its Form ADV filing dated February 19, 2026 (95% discretionary).

**How have Port Capital LLC's assets and staff changed since 2021?**
In the Form ADV data for Port Capital LLC: Regulatory assets under management: $1,952,709,633 in the October 2021 data and $2,853,919,639 in the October 2026 data, up 46%. Total employees: 12 in October 2021 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Port Capital LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (424); corporations or other businesses not listed above (22); charitable organizations (16).

**Which custodians does Port Capital LLC use?**
Port Capital LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Northern Trust and Pershing Advisor Solutions LLC as custodians holding 10% or more of its separately managed account assets.

**Does Port 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/206517

**What changed in Port Capital LLC's recent Form ADV filings?**
In the March 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

### Custodians (Schedule D, Section 5.K(3))
- Northern Trust
- Pershing Advisor Solutions LLC

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: $2,853,919,639
- Discretionary: $2,717,613,078
- Non-discretionary: $136,306,561

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $0 |
| High net worth individuals | 424 | $983,793,811 |
| 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) | 5 | $1,328,418,155 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 15 | $102,676,577 |
| Charitable organizations | 16 | $98,059,613 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $0 |
| 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 | 22 | $340,971,483 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2015 (11 years)
- Employees: 13 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, ID, IL, MA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- portcapllc.com
- LinkedIn @PORT-CAPITAL-LLC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,952,709,633 | 12 | January 26, 2021 |
| October 2022 | $1,990,835,520 | 11 | February 25, 2022 |
| October 2023 | $1,769,405,860 | 11 | April 12, 2023 |
| October 2024 | $2,286,898,236 | 12 | March 11, 2024 |
| October 2025 | $2,647,943,228 | 12 | March 21, 2025 |
| October 2026 | $2,853,919,639 | 13 | February 19, 2026 |

Regulatory assets under management: $1,952,709,633 in the October 2021 data and $2,853,919,639 in the October 2026 data, up 46%.
Total employees: 12 in October 2021 and 13 in October 2026.

## Changes in the filing (last 12 months)

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

### January 2026
- No longer registered or notice-filed in MI.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Port Capital LLC (CRD 206517): Form ADV filing data as of October 2026.