# RDST Capital LLC

> RDST Capital LLC is an SEC-registered investment advisory firm in Seattle, WA, registered since 2022, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 1, 2026.

- CRD: 284645
- Filed as: RDST CAPITAL LLC
- Also doing business as: READE STREET, READE STREET CAPITAL, READE STREET CAPITAL MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Seattle, WA
- Filing period: October 2026
- Form ADV filing dated: May 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/284645
- AdvisorCensus page: https://advisorcensus.com/firm/rdst-capital-llc-seattle-wa-284645

## Quick answers

**How is RDST Capital LLC compensated?**
On its Form ADV (Item 5.E, October 2026), RDST Capital LLC 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 RDST Capital LLC located?**
RDST Capital LLC's principal office is in Seattle, WA, according to its Form ADV; the June 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is RDST Capital LLC registered with the SEC or a state?**
RDST Capital LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 284645.

**How much does RDST Capital LLC manage?**
RDST Capital LLC reports $1,276,991,597 in regulatory assets under management in its Form ADV filing dated May 1, 2026 (100% discretionary).

**How have RDST Capital LLC's assets and staff changed since 2022?**
In the Form ADV data for RDST Capital LLC: Regulatory assets under management: $163,755,732 in the October 2022 data and $1,276,991,597 in the October 2026 data, up 680%. Total employees: 2 in October 2022 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does RDST Capital LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2); other (1).

**Which custodians does RDST Capital LLC use?**
RDST Capital LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC and The Bank of New York Mellon as custodians holding 10% or more of its separately managed account assets.

**Does RDST 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/284645

**What changed in RDST Capital LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 5 to 6. Regulatory assets under management went from $1,003,385,765 to $1,276,991,597 (+27%). Added an office in Bellevue, WA.

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Pershing LLC
- The Bank of New York Mellon

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: $1,276,991,597
- Discretionary: $1,276,991,597
- 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) | 2 | $1,114,837,454 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 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 |
| Other | 1 | $162,154,143 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2022 (4 years)
- Employees: 7 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- Bellevue, WA
- Dallas, TX
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- readestreet.com
- LinkedIn @reade-street
- LinkedIn @briandpirie

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $163,755,732 | 2 | May 2, 2022 |
| October 2023 | $326,550,475 | 3 | August 4, 2023 |
| October 2024 | $712,649,031 | 6 | September 27, 2024 |
| October 2025 | $1,003,385,765 | 6 | April 29, 2025 |
| October 2026 | $1,276,991,597 | 7 | May 1, 2026 |

Regulatory assets under management: $163,755,732 in the October 2022 data and $1,276,991,597 in the October 2026 data, up 680%.
Total employees: 2 in October 2022 and 7 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 5 to 6.
- Regulatory assets under management went from $1,003,385,765 to $1,276,991,597 (+27%).
- Added an office in Bellevue, WA.

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

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. RDST Capital LLC (CRD 284645): Form ADV filing data as of October 2026.