# Shelton Capital Management

> Shelton Capital Management is an SEC-registered investment advisory firm in Denver, CO, registered since 1985, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 3, 2026.

- CRD: 104720
- Filed as: SHELTON CAPITAL MANAGEMENT
- Legal name: CCM Partners, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Denver, CO
- Filing period: October 2026
- Form ADV filing dated: August 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/104720
- AdvisorCensus page: https://advisorcensus.com/firm/shelton-capital-management-denver-co-104720

## Quick answers

**How is Shelton Capital Management compensated?**
On its Form ADV (Item 5.E, October 2026), Shelton Capital Management reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is Shelton Capital Management located?**
Shelton Capital Management's principal office is in Denver, CO, according to its Form ADV; the September 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is Shelton Capital Management registered with the SEC or a state?**
Shelton Capital Management is an SEC-registered investment advisory firm, registered since 1985. Status as filed: Approved. CRD 104720.

**How much does Shelton Capital Management manage?**
Shelton Capital Management reports $6,522,231,948 in regulatory assets under management in its Form ADV filing dated August 3, 2026 (95% discretionary).

**How have Shelton Capital Management's assets and staff changed since 2021?**
In the Form ADV data for Shelton Capital Management: Regulatory assets under management: $3,552,910,947 in the October 2021 data and $6,522,231,948 in the October 2026 data, up 84%. Total employees: 33 in October 2021 and 48 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Shelton Capital Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,151); high net worth individuals (281); corporations or other businesses not listed above (27).

**Which custodians does Shelton Capital Management use?**
Shelton Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC and Raymond James & Associates, Inc. as custodians holding 10% or more of its separately managed account assets.

**Does Shelton Capital Management 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/104720

**What changed in Shelton Capital Management's recent Form ADV filings?**
In the June 2026 filing data: Registered or notice-filed in OH.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fidelity Brokerage Services LLC
- Raymond James & Associates, Inc.

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: $6,522,231,948
- Discretionary: $6,185,630,668
- Non-discretionary: $336,601,280

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,151 | $508,966,388 |
| High net worth individuals | 281 | $799,653,133 |
| Investment companies | 20 | $4,699,853,983 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 10 | $460,760,533 |
| Charitable organizations | 10 | $17,813,846 |
| State or municipal government entities (including government pension plans) | 1 | $520,116 |
| Corporations or other businesses not listed above | 27 | $34,663,949 |

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

### Firm details
- Registered since: 1985 (41 years)
- Employees: 48 total, 23 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AZ, CA, CO, CT, FL, GA, ID, IL, LA, MD, NJ, NY, OH, PA, TN, TX, UT, VA, WA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Chesterfield, MO
- Memphis, TN
- Menlo Park, CA

### Websites listed on Form ADV (Item 1.I)
- open.spotify.com/show/1aN4dBNJvos16Z7BQc8i5K
- podcasts.apple.com/us/podcast/stringer-asset-management-real-investment-insights/id1707899064
- reddit.com/user/SheltonCapital
- shelton401k.com
- sheltoncap.com
- sheltoncap.wistia.com
- sheltonfunds.com
- Facebook @latest
- Facebook @NASDX100
- Facebook @SheltonCapitalManagement
- Instagram @sheltoncapital
- LinkedIn @2423155
- YouTube @account_advanced

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,552,910,947 | 33 | May 10, 2021 |
| October 2022 | $3,549,821,997 | 29 | March 31, 2022 |
| October 2023 | $3,473,342,216 | 38 | August 11, 2023 |
| October 2024 | $4,784,745,104 | 45 | September 10, 2024 |
| October 2025 | $5,158,388,062 | 42 | March 31, 2025 |
| October 2026 | $6,522,231,948 | 48 | August 3, 2026 |

Regulatory assets under management: $3,552,910,947 in the October 2021 data and $6,522,231,948 in the October 2026 data, up 84%.
Total employees: 33 in October 2021 and 48 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Registered or notice-filed in OH.

### April 2026
- Employees performing advisory functions went from 17 to 23.
- Regulatory assets under management went from $5,514,423,780 to $6,522,231,948 (+18%).
- Added an office in Memphis, TN.

### March 2026
- Registered or notice-filed in AZ, LA, MD, NJ, PA.

### January 2026
- No longer registered or notice-filed in AL, AZ, LA, MA, MD, MI, MN, MO, NC, NE, NJ, OH, OK, OR, PA, VT.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Shelton Capital Management (CRD 104720): Form ADV filing data as of October 2026.