Private fund adviser · SAN Francisco, CA
Bay Hills Capital Management, LLC
SEC-registered investment adviser · CRD 158603 · SEC 801-73082
At a glance
Bay Hills Capital Management, LLC is an SEC-registered investment adviser based in SAN Francisco, California, with $570 million in regulatory assets under management as of its Form ADV filed March 31, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 2,887th of 4,686 private fund advisers and 7,293rd of 17,210 SEC-registered advisers by assets.
Main office 415-391-4240bayhillscapital.comAs filed on Form ADV
- Regulatory AUM
- $570M
- Rank among private fund advisers
- #2,887 of 4,686
- Rank among all SEC RIAs
- #7,293 of 17,210
- Rank in California
- #845 of 1,873
- Clients
- 10
- Accounts
- 10
- Discretionary
- 100% of AUM
- Employees
- 7
- Advisory staff
- 5
- Offices
- 1
Owners and executives on its Form ADV
- Lance D. MansbridgeManaging Partner
- Bret BelohlavPartner, Chief Compliance Officer
Custody and brokerage
Custodian
Bay Hills Capital Management, LLC’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 10 | $570M | 100% |
Private funds
Bay Hills Capital Management, LLC reports 14 private funds with $1.1B in gross assets: private equity funds (Form ADV Item 7.B).
Disciplinary disclosures
Bay Hills Capital Management, LLC answers yes to 1 disclosure item in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗bayhillscapital.com ↗
AtlasMembers
The full record on Bay Hills Capital Management, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 2,287 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 2 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Bay Hills Capital Management, LLC manage?
Bay Hills Capital Management, LLC reports $570 million in regulatory assets under management across 10 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
What kind of firm is Bay Hills Capital Management, LLC?
Bay Hills Capital Management, LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Bay Hills Capital Management, LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($570 million, 10 clients).
Does Bay Hills Capital Management, LLC manage private funds?
Yes. It reports 14 private funds with $1.1 billion in gross assets, including private equity funds.
Does Bay Hills Capital Management, LLC have any disciplinary history?
Bay Hills Capital Management, LLC answers yes to 1 disclosure item in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Bay Hills Capital Management, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-31), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →