# 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.

- CRD: 166003
- Filed as: PRIME MERIDIAN CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Walnut Creek, CA
- Filing period: October 2026
- Form ADV filing dated: March 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/166003
- AdvisorCensus page: https://advisorcensus.com/firm/prime-meridian-capital-management-llc-walnut-creek-ca-166003

## Quick answers

**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

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

### Fees and minimums (Form ADV Part 2A brochure dated March 24, 2026)

- Account minimum: $500,000

> The Funds’ stated minimum initial capital contribution is $500,000.

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

### Regulatory assets under management (Item 5.F)
- Total: $176,655,367
- Discretionary: $176,655,367
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| 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) | 4 | $176,655,367 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| 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 | 0 | $0 |

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

### Firm details
- Registered since: 2017 (9 years)
- Employees: 9 total, 4 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)
- pmifunds.com
- Facebook @Prime-Meridian-602085309863359
- LinkedIn @PRIME-MERIDIAN
- X @PMIFUNDS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $315,598,063 | 12 | April 29, 2021 |
| October 2022 | $257,342,504 | 10 | May 13, 2022 |
| October 2023 | $223,157,565 | 10 | September 26, 2023 |
| October 2024 | $184,398,852 | 9 | March 26, 2024 |
| October 2025 | $186,512,743 | 9 | March 31, 2025 |
| October 2026 | $176,655,367 | 9 | March 24, 2026 |

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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Prime Meridian Capital Management, LLC (CRD 166003): Form ADV filing data as of October 2026.