# Trinity Alps Capital

> Trinity Alps Capital is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2019, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 287741
- Filed as: TRINITY ALPS CAPITAL
- Legal name: Trinity Alps Capital Partners, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/287741
- AdvisorCensus page: https://advisorcensus.com/firm/trinity-alps-capital-san-francisco-ca-287741

## Quick answers

**How is Trinity Alps Capital compensated?**
On its Form ADV (Item 5.E, October 2026), Trinity Alps Capital 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 Trinity Alps Capital located?**
Trinity Alps Capital's principal office is in San Francisco, CA, according to its Form ADV.

**Is Trinity Alps Capital registered with the SEC or a state?**
Trinity Alps Capital is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 287741.

**How much does Trinity Alps Capital manage?**
Trinity Alps Capital reports $1,070,369,396 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (0% discretionary).

**How have Trinity Alps Capital's assets and staff changed since 2021?**
In the Form ADV data for Trinity Alps Capital: Regulatory assets under management: $591,115,619 in the October 2021 data and $1,070,369,396 in the October 2026 data, up 81%. Total employees: 9 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Trinity Alps Capital serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (16); high net worth individuals (1).

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

**Does Trinity Alps Capital 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/287741

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Interactive Brokers LLC

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: $1,070,369,396
- Discretionary: $5,287,594
- Non-discretionary: $1,065,081,802

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 1 | $3,324,396 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 16 | $1,067,045,000 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |

### 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

### Firm details
- Registered since: 2019 (6 years)
- Employees: 6 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- trinityalpscapital.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $591,115,619 | 9 | March 29, 2021 |
| October 2022 | $969,501,472 | 9 | July 8, 2022 |
| October 2023 | $767,310,880 | 9 | September 29, 2023 |
| October 2024 | $1,002,219,279 | 7 | March 29, 2024 |
| October 2025 | $1,085,677,460 | 6 | March 27, 2025 |
| October 2026 | $1,070,369,396 | 6 | March 31, 2026 |

Regulatory assets under management: $591,115,619 in the October 2021 data and $1,070,369,396 in the October 2026 data, up 81%.
Total employees: 9 in October 2021 and 6 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Trinity Alps Capital (CRD 287741): Form ADV filing data as of October 2026.