# Whetstone Capital Advisors

> Whetstone Capital Advisors is an SEC-registered investment advisory firm in Mission Woods, KS, registered since 2014, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 13, 2026.

- CRD: 155414
- Filed as: WHETSTONE CAPITAL ADVISORS
- Legal name: Whetstone Capital Advisors, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Mission Woods, KS
- Filing period: October 2026
- Form ADV filing dated: March 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/155414
- AdvisorCensus page: https://advisorcensus.com/firm/whetstone-capital-advisors-mission-woods-ks-155414

## Quick answers

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

**What does Whetstone Capital Advisors' brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 13, 2026 states: Asset-based fee: 1% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Whetstone Capital Advisors located?**
Whetstone Capital Advisors' principal office is in Mission Woods, KS, according to its Form ADV.

**Is Whetstone Capital Advisors registered with the SEC or a state?**
Whetstone Capital Advisors is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 155414.

**How much does Whetstone Capital Advisors manage?**
Whetstone Capital Advisors reports $415,086,361 in regulatory assets under management in its Form ADV filing dated March 13, 2026 (100% discretionary).

**How have Whetstone Capital Advisors' assets and staff changed since 2021?**
In the Form ADV data for Whetstone Capital Advisors: Regulatory assets under management: $525,069,583 in the October 2021 data and $415,086,361 in the October 2026 data, down 21%. Total employees: 5 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Whetstone Capital Advisors serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Does Whetstone Capital Advisors 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/155414

**What changed in Whetstone Capital Advisors' recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $353,327,057 to $415,086,361 (+17%).

## 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

### Fees and minimums (Form ADV Part 2A brochure dated March 13, 2026)

- Asset-based fee: 1% of assets a year

> Management fees are typically equal to 1% of each Fund Investor’s net asset value on an annual basis.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $415,086,361
- Discretionary: $415,086,361
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $415,086,361 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Other

### Firm details
- Registered since: 2014 (12 years)
- Employees: 4 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: KS
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- whetstone-capital.com
- LinkedIn @whetstone-capital-advisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $525,069,583 | 5 | April 23, 2021 |
| October 2022 | $534,690,999 | 6 | August 5, 2022 |
| October 2023 | $210,195,082 | 5 | March 30, 2023 |
| October 2024 | $296,810,115 | 5 | March 28, 2024 |
| October 2025 | $353,327,057 | 5 | March 28, 2025 |
| October 2026 | $415,086,361 | 4 | March 13, 2026 |

Regulatory assets under management: $525,069,583 in the October 2021 data and $415,086,361 in the October 2026 data, down 21%.
Total employees: 5 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $353,327,057 to $415,086,361 (+17%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Whetstone Capital Advisors (CRD 155414): Form ADV filing data as of October 2026.