# Shapiro Capital Management LLC

> Shapiro Capital Management LLC is an SEC-registered investment advisory firm in Atlanta, GA, registered since 1989, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 28, 2026.

- CRD: 105581
- Filed as: SHAPIRO CAPITAL MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Atlanta, GA
- Filing period: October 2026
- Form ADV filing dated: May 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105581
- AdvisorCensus page: https://advisorcensus.com/firm/shapiro-capital-management-llc-atlanta-ga-105581

## Quick answers

**How is Shapiro Capital Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Shapiro Capital Management LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Shapiro Capital Management LLC located?**
Shapiro Capital Management LLC's principal office is in Atlanta, GA, according to its Form ADV.

**Is Shapiro Capital Management LLC registered with the SEC or a state?**
Shapiro Capital Management LLC is an SEC-registered investment advisory firm, registered since 1989. Status as filed: Approved. CRD 105581.

**How much does Shapiro Capital Management LLC manage?**
Shapiro Capital Management LLC reports $1,967,415,113 in regulatory assets under management in its Form ADV filing dated May 28, 2026 (100% discretionary).

**How have Shapiro Capital Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Shapiro Capital Management LLC: Regulatory assets under management: $4,806,637,612 in the October 2021 data and $1,967,415,113 in the October 2026 data, down 59%. Total employees: 9 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Shapiro Capital Management LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (271); corporations or other businesses not listed above (70); charitable organizations (33).

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

**Does Shapiro 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/105581

**What changed in Shapiro Capital Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $2,947,786,867 to $1,967,415,113 (-33%). 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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Goldman Sachs & Co. 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: $1,967,415,113
- Discretionary: $1,967,415,113
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 9 | $2,901,123 |
| High net worth individuals | 271 | $618,691,926 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 1 | $92,011,389 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 5 | $131,642,588 |
| Charitable organizations | 33 | $380,983,581 |
| State or municipal government entities (including government pension plans) | 4 | $284,773,597 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 70 | $456,410,909 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1989 (37 years)
- Employees: 10 total, 4 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AL, CA, CT, FL, GA, IA, IL, IN, LA, MA, MI, NH, NJ, NM, NY, OH, PA, SC, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [shapirocapital.com](https://shapirocapital.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $4,806,637,612 | 9 | July 1, 2021 |
| October 2022 | $5,628,307,706 | 8 | April 28, 2022 |
| October 2023 | $3,816,515,759 | 9 | July 20, 2023 |
| October 2024 | $3,671,192,452 | 9 | May 2, 2024 |
| October 2025 | $2,947,786,867 | 10 | May 7, 2025 |
| October 2026 | $1,967,415,113 | 10 | May 28, 2026 |

Regulatory assets under management: $4,806,637,612 in the October 2021 data and $1,967,415,113 in the October 2026 data, down 59%.
Total employees: 9 in October 2021 and 10 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $2,947,786,867 to $1,967,415,113 (-33%).
- Updated its list of owners and control persons (Schedule A).

### January 2026
- No longer registered or notice-filed in CO, DE, MD, NC, TN, WY.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Shapiro Capital Management LLC (CRD 105581): Form ADV filing data as of October 2026.