# Winston Capital Management LLC

> Winston Capital Management LLC is an SEC-registered investment advisory firm in Arlington, VA, registered since 1997, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 4, 2026.

- CRD: 111450
- Filed as: WINSTON CAPITAL MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Arlington, VA
- Filing period: October 2026
- Form ADV filing dated: June 4, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/111450
- AdvisorCensus page: https://advisorcensus.com/firm/winston-capital-management-llc-arlington-va-111450

## Quick answers

**How is Winston Capital Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Winston Capital Management LLC 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 Winston Capital Management LLC located?**
Winston Capital Management LLC's principal office is in Arlington, VA, according to its Form ADV.

**Is Winston Capital Management LLC registered with the SEC or a state?**
Winston Capital Management LLC is an SEC-registered investment advisory firm, registered since 1997. Status as filed: Approved. CRD 111450.

**How much does Winston Capital Management LLC manage?**
Winston Capital Management LLC reports $1,147,168,187 in regulatory assets under management in its Form ADV filing dated June 4, 2026 (100% discretionary).

**How have Winston Capital Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Winston Capital Management LLC: Regulatory assets under management: $2,217,141,391 in the October 2021 data and $1,147,168,187 in the October 2026 data, down 48%. Total employees: 13 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Winston Capital Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (8); insurance companies (1).

**Does Winston Capital Management LLC 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/111450

**What changed in Winston Capital Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $1,007,458,001 to $1,147,168,187 (+14%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $1,147,168,187
- Discretionary: $1,142,696,031
- Non-discretionary: $4,472,156

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 8 | $1,142,696,031 |
| Insurance companies | 1 | $4,472,156 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1997 (29 years)
- Employees: 9 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- winstonpartners.com
- LinkedIn @WINSTON-PARTNERS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,217,141,391 | 13 | March 31, 2021 |
| October 2022 | $2,169,682,787 | 12 | July 19, 2022 |
| October 2023 | $1,894,656,493 | 12 | March 20, 2023 |
| October 2024 | $1,071,624,708 | 12 | March 11, 2024 |
| October 2025 | $1,007,458,001 | 9 | March 24, 2025 |
| October 2026 | $1,147,168,187 | 9 | June 4, 2026 |

Regulatory assets under management: $2,217,141,391 in the October 2021 data and $1,147,168,187 in the October 2026 data, down 48%.
Total employees: 13 in October 2021 and 9 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $1,007,458,001 to $1,147,168,187 (+14%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Winston Capital Management LLC (CRD 111450): Form ADV filing data as of October 2026.