# Preston Capital

> Preston Capital is an SEC-registered investment advisory firm in Aliso Viejo, CA, registered since 2023, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 1, 2026.

- CRD: 328417
- Filed as: PRESTON CAPITAL
- Legal name: Preston Capital LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Aliso Viejo, CA
- Filing period: October 2026
- Form ADV filing dated: June 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/328417
- AdvisorCensus page: https://advisorcensus.com/firm/preston-capital-aliso-viejo-ca-328417

## Quick answers

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

**Is Preston Capital registered with the SEC or a state?**
Preston Capital is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 328417.

**How much does Preston Capital manage?**
Preston Capital reports $1,054,611,662 in regulatory assets under management in its Form ADV filing dated June 1, 2026 (100% discretionary).

**How have Preston Capital's assets and staff changed since 2024?**
In the Form ADV data for Preston Capital: Regulatory assets under management: $1,040,000,000 in the October 2024 data and $1,054,611,662 in the October 2026 data, up 1%. Total employees: 19 in October 2024 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going.

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

**Does Preston Capital 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/328417

**What changed in Preston Capital's recent Form ADV filings?**
In the July 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: $1,054,611,662
- Discretionary: $1,054,611,662
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $1,054,611,662 |

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

### Firm details
- Registered since: 2023 (2 years)
- Employees: 18 total, 9 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)
- prestoncap.com
- LinkedIn @preston-capital-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $1,040,000,000 | 19 | March 29, 2024 |
| October 2025 | $1,256,675,622 | 19 | May 30, 2025 |
| October 2026 | $1,054,611,662 | 18 | June 1, 2026 |

Regulatory assets under management: $1,040,000,000 in the October 2024 data and $1,054,611,662 in the October 2026 data, up 1%.
Total employees: 19 in October 2024 and 18 in October 2026.

## Changes in the filing (last 12 months)

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

### April 2026
- Regulatory assets under management went from $1,256,675,622 to $1,054,611,662 (-16%).
- Updated its list of owners and control persons (Schedule A).

### January 2026
- No longer registered or notice-filed in TX.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Preston Capital (CRD 328417): Form ADV filing data as of October 2026.