# SAW Mill Capital L.L.C.

> SAW Mill Capital L.L.C. is an SEC-registered investment advisory firm in Briarcliff Manor, NY, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 156472
- Filed as: SAW MILL CAPITAL L.L.C.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Briarcliff Manor, NY
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/156472
- AdvisorCensus page: https://advisorcensus.com/firm/saw-mill-capital-l-l-c-briarcliff-manor-ny-156472

## Quick answers

**How is SAW Mill Capital L.L.C. compensated?**
On its Form ADV (Item 5.E, October 2026), SAW Mill Capital L.L.C. 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 SAW Mill Capital L.L.C. located?**
SAW Mill Capital L.L.C.'s principal office is in Briarcliff Manor, NY, according to its Form ADV.

**Is SAW Mill Capital L.L.C. registered with the SEC or a state?**
SAW Mill Capital L.L.C. is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 156472.

**How much does SAW Mill Capital L.L.C. manage?**
SAW Mill Capital L.L.C. reports $1,023,409,324 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary).

**How have SAW Mill Capital L.L.C.'s assets and staff changed since 2021?**
In the Form ADV data for SAW Mill Capital L.L.C.: Regulatory assets under management: $471,383,654 in the October 2021 data and $1,023,409,324 in the October 2026 data, up 117%. Total employees: 18 in October 2021 and 25 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does SAW Mill Capital L.L.C. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (10).

**Does SAW Mill Capital L.L.C. 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/156472

**What changed in SAW Mill Capital L.L.C.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 20 to 18. Regulatory assets under management went from $1,187,887,549 to $1,023,409,324 (-14%). 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: $1,023,409,324
- Discretionary: $1,023,409,324
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 10 | $1,023,409,324 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | Not reported |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 25 total, 18 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- sawmillcapital.com
- LinkedIn @70458

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $471,383,654 | 18 | March 19, 2021 |
| October 2022 | $771,062,197 | 19 | March 28, 2022 |
| October 2023 | $709,768,007 | 24 | March 21, 2023 |
| October 2024 | $1,214,236,501 | 24 | March 25, 2024 |
| October 2025 | $1,187,887,549 | 27 | March 25, 2025 |
| October 2026 | $1,023,409,324 | 25 | March 26, 2026 |

Regulatory assets under management: $471,383,654 in the October 2021 data and $1,023,409,324 in the October 2026 data, up 117%.
Total employees: 18 in October 2021 and 25 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 20 to 18.
- Regulatory assets under management went from $1,187,887,549 to $1,023,409,324 (-14%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. SAW Mill Capital L.L.C. (CRD 156472): Form ADV filing data as of October 2026.