# Spruceview Capital Partners LLC

> Spruceview Capital Partners LLC is an SEC-registered investment advisory firm in Denver, CO, registered since 2014, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 171963
- Filed as: SPRUCEVIEW CAPITAL PARTNERS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Denver, CO
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/171963
- AdvisorCensus page: https://advisorcensus.com/firm/spruceview-capital-partners-llc-denver-co-171963

## Quick answers

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

**Where is Spruceview Capital Partners LLC located?**
Spruceview Capital Partners LLC's principal office is in Denver, CO, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Spruceview Capital Partners LLC registered with the SEC or a state?**
Spruceview Capital Partners LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 171963.

**How much does Spruceview Capital Partners LLC manage?**
Spruceview Capital Partners LLC reports $2,342,488,072 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (98% discretionary).

**How have Spruceview Capital Partners LLC's assets and staff changed since 2021?**
In the Form ADV data for Spruceview Capital Partners LLC: Regulatory assets under management: $1,250,451,446 in the October 2021 data and $2,342,488,072 in the October 2026 data, up 87%. Total employees: 15 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 Spruceview Capital Partners LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (22); other (3); high net worth individuals (1).

**Which custodians does Spruceview Capital Partners LLC use?**
Spruceview Capital Partners LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists CIBC Mellon Trust Company as a custodian holding 10% or more of its separately managed account assets.

**Does Spruceview Capital Partners 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/171963

**What changed in Spruceview Capital Partners LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 9 to 8. 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
- Fixed fees (other than subscription fees)
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- CIBC Mellon Trust Company

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: $2,342,488,072
- Discretionary: $2,305,937,067
- Non-discretionary: $36,551,005

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 1 | $28,958,160 |
| 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) | 22 | $1,835,584,512 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $176,916,676 |
| 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 | 1 | $28,958,160 |
| Other | 3 | $272,070,564 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2014 (11 years)
- Employees: 25 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- spruceviewpartners.com
- LinkedIn @spruceview-capital-partners-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,250,451,446 | 15 | August 20, 2021 |
| October 2022 | $1,546,879,865 | 21 | July 27, 2022 |
| October 2023 | $1,860,569,200 | 22 | September 14, 2023 |
| October 2024 | $2,007,934,978 | 24 | August 1, 2024 |
| October 2025 | $2,269,690,152 | 24 | March 26, 2025 |
| October 2026 | $2,342,488,072 | 25 | March 27, 2026 |

Regulatory assets under management: $1,250,451,446 in the October 2021 data and $2,342,488,072 in the October 2026 data, up 87%.
Total employees: 15 in October 2021 and 25 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 9 to 8.
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Employees performing advisory functions went from 10 to 9.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Spruceview Capital Partners LLC (CRD 171963): Form ADV filing data as of October 2026.