# White Rock Capital

> White Rock Capital is an SEC-registered investment advisory firm in Dallas, TX, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 114877
- Filed as: WHITE ROCK CAPITAL
- Legal name: White Rock Capital Management, L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dallas, TX
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/114877
- AdvisorCensus page: https://advisorcensus.com/firm/white-rock-capital-dallas-tx-114877

## Quick answers

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

**What does White Rock Capital's brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: 0.25% to 0.5% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is White Rock Capital located?**
White Rock Capital's principal office is in Dallas, TX, according to its Form ADV.

**Is White Rock Capital registered with the SEC or a state?**
White Rock Capital is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 114877.

**How much does White Rock Capital manage?**
White Rock Capital reports $217,400,628 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (60% discretionary).

**How have White Rock Capital's assets and staff changed since 2021?**
In the Form ADV data for White Rock Capital: Regulatory assets under management: $116,649,207 in the October 2021 data and $217,400,628 in the October 2026 data, up 86%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does White Rock Capital serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does White Rock 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/114877

**What changed in White Rock Capital's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $172,339,563 to $217,400,628 (+26%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Asset-based fee: 0.25% to 0.5% a year (a range, as the brochure states it)

> Such management fee is generally between 0.25% and 0.50%. The SMA does not pay a management fee.

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

### Regulatory assets under management (Item 5.F)
- Total: $217,400,628
- Discretionary: $131,465,456
- Non-discretionary: $85,935,172

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | Fewer than 5 | $85,935,172 |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $131,465,456 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2021 (5 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $116,649,207 | 2 | January 22, 2021 |
| October 2022 | $90,339,208 | 2 | March 31, 2022 |
| October 2023 | $68,234,365 | 2 | March 23, 2023 |
| October 2024 | $145,054,600 | 2 | April 10, 2024 |
| October 2025 | $172,339,563 | 2 | March 28, 2025 |
| October 2026 | $217,400,628 | 2 | March 30, 2026 |

Regulatory assets under management: $116,649,207 in the October 2021 data and $217,400,628 in the October 2026 data, up 86%.
Total employees: 2 in October 2021 and 2 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $172,339,563 to $217,400,628 (+26%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. White Rock Capital (CRD 114877): Form ADV filing data as of October 2026.