# Upwelling Capital Group LLC

> Upwelling Capital Group LLC is an exempt reporting adviser in Davis, CA, filing reports since 2025. Exempt reporting advisers do not report regulatory assets under management on Form ADV.

- CRD: 164653
- Filed as: UPWELLING CAPITAL GROUP LLC
- Reporting status: Exempt reporting adviser (status as filed: ERA - Active)
- Location: Davis, CA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/164653
- AdvisorCensus page: https://advisorcensus.com/firm/upwelling-capital-group-llc-davis-ca-164653

## Quick answers

**Where is Upwelling Capital Group LLC located?**
Upwelling Capital Group LLC's principal office is in Davis, CA, according to its Form ADV; the May 2025 filing also lists 1 other office (Schedule D, Section 1.F).

**How does Upwelling Capital Group LLC report to regulators?**
Upwelling Capital Group LLC is an exempt reporting adviser, filing reports since 2025. Exempt reporting advisers file a shorter Form ADV. Status as filed: ERA - Active. CRD 164653.

**How have Upwelling Capital Group LLC's assets and staff changed since 2023?**
In the Form ADV data for Upwelling Capital Group LLC: Regulatory assets under management: $156,821,503 in the October 2023 data and $115,174,062 in the October 2024 data, down 27%. Total employees: 8 in October 2023 and 7 in October 2024. Assets under management move with markets as well as with clients coming and going.

**Does Upwelling Capital Group LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/164653

**What changed in Upwelling Capital Group LLC's recent Form ADV filings?**
In the April 2026 filing data: Item 11 disclosure answers changed: 0 yes answers, previously 1 (now no: 11.D(1)). No longer lists an office in New York, NY. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Firm details
- Reporting since: 2025 (1 year)
- Employees: Not reported total, Not reported performing advisory functions
- Wrap fee program participation: Not reported
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2025 filing
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- upwellingcapital.com
- LinkedIn @upwelling-capital-group

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $156,821,503 | 8 | March 31, 2023 |
| October 2024 | $115,174,062 | 7 | March 29, 2024 |
| October 2025 | Not reported | Not reported | April 23, 2025 |
| October 2026 | Not reported | Not reported | March 31, 2026 |

Regulatory assets under management: $156,821,503 in the October 2023 data and $115,174,062 in the October 2024 data, down 27%.
Total employees: 8 in October 2023 and 7 in October 2024.

## Changes in the filing (last 12 months)

### April 2026
- Item 11 disclosure answers changed: 0 yes answers, previously 1 (now no: 11.D(1)).
- No longer lists an office in New York, NY.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Upwelling Capital Group LLC (CRD 164653): Form ADV filing data as of October 2026.