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AdvisorCensus / Financial advisors / California / San Francisco / Prime Meridian Capital Management, LLC

Prime Meridian Capital Management, LLC

Walnut Creek, CASEC-registered investment adviserCRD 166003

Filed as PRIME MERIDIAN CAPITAL MANAGEMENT, LLC

Prime Meridian Capital Management, LLC is an SEC-registered investment advisory firm in Walnut Creek, CA, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 24, 2026.

9 years
registered since 2017
$176,655,367
assets under management
2 arrangements
Percentage of assets, Performance-based
None
disclosure items (Item 11)

Quick answers

From the filing

How is Prime Meridian Capital Management, LLC compensated?

On its Form ADV (Item 5.E, October 2026), Prime Meridian Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

Where is Prime Meridian Capital Management, LLC located?

Prime Meridian Capital Management, LLC's principal office is in Walnut Creek, CA, according to its Form ADV.

Is Prime Meridian Capital Management, LLC registered with the SEC or a state?

Prime Meridian Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 166003.

How much does Prime Meridian Capital Management, LLC manage?

Prime Meridian Capital Management, LLC reports $176,655,367 in regulatory assets under management in its Form ADV filing dated March 24, 2026 (100% discretionary).

How have Prime Meridian Capital Management, LLC's assets and staff changed since 2021?

In the Form ADV data for Prime Meridian Capital Management, LLC: Regulatory assets under management: $315,598,063 in the October 2021 data and $176,655,367 in the October 2026 data, down 44%. Total employees: 12 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 Prime Meridian Capital Management, LLC serve?

By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).

Does Prime Meridian Capital Management, 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/166003

Does Prime Meridian Capital Management, LLC state an account minimum?

Its Form ADV Part 2A brochure dated March 24, 2026 says: "The Funds’ stated minimum initial capital contribution is $500,000."

From the Form ADV filing

Every figure below is as the firm filed it with regulators, as of October 2026.

How the firm is compensated

Item 5.E
  • A percentage of assets under your management
  • Performance-based fees

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

Fees and minimums

Form ADV Part 2A

The brochure lists different fees for different services or strategies; see the brochure for them.

Account minimum: $500,000

The brochure's wording
The Funds’ stated minimum initial capital contribution is $500,000.

As stated in the firm's Form ADV Part 2A brochure dated March 24, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site

Regulatory assets under management

Item 5.F
$176,655,367

$176,655,367 as of October 2026, filing dated March 24, 2026.

Discretionary: $176,655,367.Non-discretionary: $0.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

Who the firm serves

Item 5.D
Individuals (other than high net worth individuals)
Clients 0 Assets $0 (0%)
High net worth individuals
Clients 0 Assets $0 (0%)
Banking or thrift institutions
Clients 0 Assets $0 (0%)
Investment companies
Clients 0 Assets $0 (0%)
Business development companies
Clients 0 Assets $0 (0%)
Pooled investment vehicles (other than investment companies and business development companies)
Clients 4 Assets $176,655,367 (100%)
Pension and profit sharing plans (but not the plan participants or government pension plans)
Clients 0 Assets $0 (0%)
Charitable organizations
Clients 0 Assets $0 (0%)
State or municipal government entities (including government pension plans)
Clients 0 Assets $0 (0%)
Other investment advisers
Clients 0 Assets $0 (0%)
Insurance companies
Clients 0 Assets $0 (0%)
Sovereign wealth funds and foreign official institutions
Clients 0 Assets $0 (0%)
Corporations or other businesses not listed above
Clients 0 Assets $0 (0%)

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

Advisory services

Item 5.G
  • Portfolio management for pooled investment vehicles (other than investment companies)

Registration and firm details

Items 1, 2, 5
Registration
SEC-registered investment adviser. Status as filed: Approved.
Registered since
2017 (9 years)
Employees
Total: 9. Performing investment advisory functions: 4.
Wrap fee program participation
No.
States registered or notice-filed
1 state or jurisdiction
CA

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

Disclosures

Item 11

None Reports no disclosure items on Form ADV Item 11. View on IAPD.

Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures

Assets and staff over time

Items 5.A, 5.F
$316M 2021 $257M 2022 $223M 2023 $184M 2024 $187M 2025 $177M 2026
Data periodAssets under managementEmployeesFiling dated
October 2026$176,655,3679March 24, 2026
October 2025$186,512,7439March 31, 2025
October 2024$184,398,8529March 26, 2024
October 2023$223,157,56510September 26, 2023
October 2022$257,342,50410May 13, 2022
October 2021$315,598,06312April 29, 2021

Regulatory assets under management: $315,598,063 in the October 2021 data and $176,655,367 in the October 2026 data, down 44%.

Total employees: 12 in October 2021 and 9 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

Changes in the filing

Last 12 months

No changes to these filed facts in the last 12 months of filing data.

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.

Websites listed on Form ADV

Item 1.I
pmifunds.com

Source: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."

Cite this page

AdvisorCensus. Prime Meridian Capital Management, LLC (CRD 166003): Form ADV filing data as of October 2026.
https://advisorcensus.com/firm/prime-meridian-capital-management-llc-walnut-creek-ca-166003