{
  "crd_number": 331449,
  "slug": "thistle-creek-capital-llc-lehi-ut-331449",
  "primary_business_name": "THISTLE CREEK CAPITAL, LLC",
  "legal_name": "THISTLE CREEK CAPITAL, LLC",
  "dbas": [],
  "city": "Lehi",
  "state": "UT",
  "country": "United States",
  "cbsa_code": "39340",
  "metro": {
    "cbsa_code": "39340",
    "common_name": "Provo",
    "msa_name": "Provo-Orem-Lehi, UT",
    "path": "/advisors/ut/provo"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2025-02-10",
  "years_registered": 1,
  "period": "2026-10-01",
  "filing_date": "2026-03-26",
  "carried_forward": false,
  "raum_total": 160988324.0,
  "raum_discretionary": 160988324.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 6,
  "advisory_employees": 6,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 160988324.0,
      "count": 1
    }
  },
  "compensation_types": [
    "other",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "UT"
  ],
  "websites": [
    "https://linkedin.com/company/thistle-creek-capital",
    "https://thistlecreek.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/331449",
  "city_as_filed": "LEHI",
  "url": "https://advisorcensus.com/firm/thistle-creek-capital-llc-lehi-ut-331449",
  "display_name": "Thistle Creek Capital, LLC",
  "summary": "Thistle Creek Capital, LLC is an SEC-registered investment advisory firm in Lehi, UT, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 26, 2026.",
  "citation": "AdvisorCensus. Thistle Creek Capital, LLC (CRD 331449): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "Performance-based fees",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Thistle Creek Capital, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Thistle Creek Capital, LLC reports these compensation arrangements: performance-based fees; other."
    },
    {
      "q": "Where is Thistle Creek Capital, LLC located?",
      "a": "Thistle Creek Capital, LLC's principal office is in Lehi, UT, according to its Form ADV."
    },
    {
      "q": "Is Thistle Creek Capital, LLC registered with the SEC or a state?",
      "a": "Thistle Creek Capital, LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 331449."
    },
    {
      "q": "How much does Thistle Creek Capital, LLC manage?",
      "a": "Thistle Creek Capital, LLC reports $160,988,324 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary)."
    },
    {
      "q": "How have Thistle Creek Capital, LLC's assets and staff changed since 2024?",
      "a": "In the Form ADV data for Thistle Creek Capital, LLC: Regulatory assets under management: $183,632,754 in the October 2025 data and $160,988,324 in the October 2026 data, down 12%. Total employees: 6 in October 2025 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Thistle Creek Capital, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1)."
    },
    {
      "q": "Does Thistle Creek Capital, LLC report any disciplinary disclosures?",
      "a": "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/331449"
    },
    {
      "q": "Does Thistle Creek Capital, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 26, 2026 says: \"The minimum initial subscription to the Fund of a Limited Partner must be at least $500,000, subject to the General Partner’s right to waive this minimum in its sole discretion.\""
    },
    {
      "q": "What changed in Thistle Creek Capital, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $183,632,754 to $160,988,324 (-12%)."
    }
  ],
  "filing_history": [
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": null,
      "filing_date": "2024-06-26"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 183632754.0,
      "total_employees": 6,
      "filing_date": "2025-01-10"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 160988324.0,
      "total_employees": 6,
      "filing_date": "2026-03-26"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $183,632,754 to $160,988,324 (-12%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 26, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$500,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $500,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "The minimum initial subscription to the Fund of a Limited Partner must be at least $500,000, subject to the General Partner’s right to waive this minimum in its sole discretion."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 500000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The minimum initial subscription to the Fund of a Limited Partner must be at least $500,000, subject to the General Partner’s right to waive this minimum in its sole discretion."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/thistle-creek-capital-llc-lehi-ut-331449.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 160988324.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/331449",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}