# Saluda Grade Asset Management LLC

> Saluda Grade Asset Management LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2022, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 22, 2026.

- CRD: 304725
- Filed as: SALUDA GRADE ASSET MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: June 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/304725
- AdvisorCensus page: https://advisorcensus.com/firm/saluda-grade-asset-management-llc-new-york-ny-304725

## Quick answers

**How is Saluda Grade Asset Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Saluda Grade Asset Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Saluda Grade Asset Management LLC located?**
Saluda Grade Asset Management LLC's principal office is in New York, NY, according to its Form ADV; the July 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is Saluda Grade Asset Management LLC registered with the SEC or a state?**
Saluda Grade Asset Management LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 304725.

**How much does Saluda Grade Asset Management LLC manage?**
Saluda Grade Asset Management LLC reports $5,826,711,802 in regulatory assets under management in its Form ADV filing dated June 22, 2026 (93% discretionary).

**How have Saluda Grade Asset Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Saluda Grade Asset Management LLC: Regulatory assets under management: $542,992,767 in the October 2022 data and $5,826,711,802 in the October 2026 data, up 973%. Total employees: 25 in October 2022 and 51 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Saluda Grade Asset Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (15).

**Does Saluda Grade Asset 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/304725

**What changed in Saluda Grade Asset Management LLC'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
- Other

### Regulatory assets under management (Item 5.F)
- Total: $5,826,711,802
- Discretionary: $5,395,078,243
- Non-discretionary: $431,633,559

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Banking or thrift institutions | Fewer than 5 | $294,123,504 |
| Pooled investment vehicles (other than investment companies and business development companies) | 15 | $4,696,332,643 |
| Insurance companies | Fewer than 5 | $836,255,655 |

### 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: 51 total, 19 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO, GA, MA, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Aspen, CO
- Atlanta, GA
- Boston, MA

### Websites listed on Form ADV (Item 1.I)
- [saludagrade.com](https://saludagrade.com)
- LinkedIn @saluda-grade

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | January 22, 2021 |
| October 2022 | $542,992,767 | 25 | August 19, 2022 |
| October 2023 | $1,247,200,993 | 23 | August 17, 2023 |
| October 2024 | $2,612,505,898 | 32 | July 1, 2024 |
| October 2025 | $3,629,070,999 | 45 | June 30, 2025 |
| October 2026 | $5,826,711,802 | 51 | June 22, 2026 |

Regulatory assets under management: $542,992,767 in the October 2022 data and $5,826,711,802 in the October 2026 data, up 973%.
Total employees: 25 in October 2022 and 51 in October 2026.

## Changes in the filing (last 12 months)

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

### April 2026
- Employees performing advisory functions went from 21 to 19.
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Regulatory assets under management went from $3,629,070,999 to $5,867,777,734 (+62%).
- Registered or notice-filed in GA, MA.

### November 2025
- Added an office in Atlanta, GA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Saluda Grade Asset Management LLC (CRD 304725): Form ADV filing data as of October 2026.