Asset manager · Portland, OR
Variant Investments
Variant Investments, LLC · SEC-registered investment adviser · CRD 289261 · SEC 801-113357
At a glance
Variant Investments is an SEC-registered investment adviser based in Portland, Oregon, with $2.6 billion in regulatory assets under management as of its Form ADV filed May 29, 2026. Its largest client group by assets is investment companies. By Form ADV it is a asset manager, ranked 936th of 3,218 asset managers and 3,073rd of 17,210 SEC-registered advisers by assets.
Main office 503-563-0700variantinvestments.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $2.6B
- Rank among asset managers
- #936 of 3,218
- Rank among all SEC RIAs
- #3,073 of 17,210
- Rank in Oregon
- #16 of 156
- Clients
- 4
- Accounts
- 4
- Discretionary
- 100% of AUM
- Employees
- 33
- Advisory staff
- 32
- Offices
- 1
Owners and executives on its Form ADV
- Jerald B. HayesManaging Member
- Robert W. ElsasserManaging Member
- Curtis N. FintelManaging Member
- Joseph C ZimlichMember
- Brian L. KlemszMember
- Kristin A. CookChief Operating Officer
- Brian A. ParkGeneral Counsel
- Michael R. HolmanChief Compliance Officer
Custody and brokerage
Custodian
Variant Investments’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Hybrid RIA
Variant Investments is a hybrid RIA: 5 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Investment companies | 3 | $2.6B | 99% |
| Pooled investment vehicles | 1 | $20M | <1% |
Private funds
Variant Investments reports 1 private funds with $20M in gross assets: other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Variant Investments reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗variantinvestments.com ↗
AtlasMembers
The full record on Variant Investments
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, 8 years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 850 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 8 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 4Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Variant Investments manage?
Variant Investments reports $2.6 billion in regulatory assets under management across 4 accounts, 100% of it on a discretionary basis, on its Form ADV filed May 29, 2026.
What kind of firm is Variant Investments?
Variant Investments is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are Variant Investments’s clients?
By assets, its largest client types are investment companies ($2.6 billion, 3 clients); pooled investment vehicles ($20 million, 1 clients).
Does Variant Investments manage private funds?
Yes. It reports 1 private funds with $20 million in gross assets, including other private funds.
Does Variant Investments have any disciplinary history?
Variant Investments reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Variant Investments’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 (2026-05-29), 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 →